I personally think that the reason why the post-90s and post-00s generations are the main losers in this market decline is very simple. There is a cartoon in a contemporary youth magazine, which is that the young people born in the 90s went to

Buy funds. Young people born in the 1990s really believe that they can achieve financial freedom or double their income by buying funds. A mantra of young people born in the 90s is that if you don’t manage your finances, money will ignore you.

There is no problem with this sentence. This sentence is correct. Young people should have the concept of financial management. Young people should have the meaning of financial management. Young people should have the means and methods of financial management. However, whether it is the so-called awareness or will,

, you can't just invest all your property in the fund. This is not financial management, this is gambling. 2019 and 2020 are the two most profitable years for the fund. This is supported by data, and this is not an exaggeration.

The young people born in the 90s and 00s discovered that this can make money, and then they went to the people born in the 80s and 70s and said, you don’t know how to manage money, why don’t you know how to buy funds?

The risk is lower than buying stocks, and the returns are also very good. However, people born in the 1980s and 1970s experienced the stock market crash almost 10 years ago. They also experienced that when they went crazy to buy funds, they knew that funds were not as good as stocks.

Now the post-90s and post-00s generation see such beauty.

Therefore, this group of people do not invest as mindlessly as the post-90s and post-00s generations, but there is one thing we cannot but emphasize. The post-90s generation now invests in both the intensity of investment and the intensity of purchasing.

, are a group with great spending power, because those born in the 1980s are already nearly 40 years old. They can be said to have more economic autonomy, but they are under greater pressure and the cash flow they can control

There is not as much money as those born in the 1990s, so they are a bit conservative in terms of investment.

The post-90s generation directly regards investment as the most important part of their lives. Since the foundation of a fund can make the fund grow like this, a large number of young people born in the 90s naturally feel that if the foundation stays together forever, the more money they will earn.

More and more people are coming, but they really have not experienced the important step of a market crash, and they do not know that the biggest enemies of the market are greed and fear, because at this time their greed has taken over their reason.

And when the market acts as a fund as an investor and is criticized by name, and the market moves in a different direction, the fears of those born in the 1990s occupy the most important position in their hearts, so they begin to sell aggressively, which also causes the market to decline.

The main reason for the first wave of decline was the gradual herding effect, so the post-90s and post-90s generations were the most severely cut off. The reason was their own lack of understanding of the entire economic market.

Understanding and not understanding the stock and fund markets made me fall into it.