What we have to understand is that even the rate of return that Buffett can get from purchasing financial products is only 10% on an annualized basis, and the rate of return above 20% is already a very high level. More than 80% of fund products will fall after achieving an increase of more than 20%.
When buying wealth management products, you must keep your bag for safety. More than 60% people can always see that a fund can get a rate of return of more than 10% in the process of purchasing funds. In this case, most of the choices are to stay there, expecting to get higher returns in the future, but the final result is a loss.
There are also certain risks. Many people think that the risk of the fund is relatively small. In fact, the risk of the fund is relatively large, and even some liquor foundations achieve an annual yield of MINUS 30%, which is unacceptable to most investors.
The product should be sold after the increase of 10%. We must understand that most people will lose money mainly because they still expect to get higher profits in the future after getting higher profits, but the fact will be very different from their own imagination, and more than 80% of products will fall after a sharp rise.
Nowadays, many people have increasingly regarded the fund as a good financial product, and it is indeed a very good product. However, many people will still lose money when they buy funds, mainly because they hope to get higher returns after buying fund products. If enough is enough, they can get a good rate of return.