Chapter 70 [When everything passes, you will be richer! 】
This is the advice we give you in October 2022, the scariest time at the market's lowest point. I hope that everyone can look back and imagine the situation at that time and the current market has risen by about 40% from the low point. If we go back to the most fearful time at that time, if the market happens again (it will definitely happen again in the future). What is the most correct thing to do? Sell? Buy? Still as motionless as a mountain? 1. Stick to long-term investment and never sell. 2. In the past ten years (from 2009 to 2021
Source document: 2023.10.03第七十章【 一切過去，就更富有！】.docx
Source:https://www.facebook.com/100063294665283/posts/712630327523450/
[James’ Origin and Today] Chapter 70 - [Everything is over, you will be richer] (10/03/2023)
This is the advice we give you in October 2022, the scariest time at the market's lowest point. I hope that everyone can look back and imagine the situation at that time and the current market has risen by about 40% from the low point. If we go back to the most fearful time at that time, if the market happens again (it will definitely happen again in the future). What is the most correct thing to do? Sell? Buy? Still as motionless as a mountain?
-
Stick to long-term investment and never sell.
-
In the past ten years (increased thirteen times from 2009 to 2021), all operations have been unnecessary and harmed our rate of return.
-
The 2020 epidemic and crude oil problems are temporary, and their impact on the economy will be profound but not far-reaching. Likewise, the recession in 2022 will be relatively deep and short-lasting.
The rapid market decline caused by the epidemic in 2020 was unprecedented. Even Buffett said that this was the first time he had experienced it when he lived to be 89 years old. (Buffett's bank and airline holdings are the hardest hit), and it is relatively safe for us to hold the index.
It will be the same in 2022. The index funds we hold are safer than individual stocks.
The market is falling rapidly, the market is deleveraging, and everything is falling. This is normal. So there is no so-called safe-haven asset, except cash, but the biggest risk of holding cash is that you fail to keep up with the market rise. After the decline is over (after all the fearful investors have sold), the market will rebound very quickly, so be sure to hold steady and not sell. When the market recession passes, the market will recover quickly, rising relatively quickly, and finally the market will hit new highs.
As long as you ignore the current falling market shocks, don't care about the falling market and shrinking assets. Keep your eyes closed. Although it is not very comfortable, it will pass just like a cold.
The market has been like this for 200 years, so it's no big deal. Once everything is over, the market will continue to rise, and you will get richer.
More Posts
![[Investment Philosophy (12)] - Judgment of the four seasons of the investment market](/_next/image?url=%2Fimages%2Fblog%2Ffb-posts%2Fen%2Ffb-post-0016-cover.png&w=3840&q=75 "[Investment Philosophy (12)] - Judgment of the four seasons of the investment market")
[Investment Philosophy (12)] - Judgment of the four seasons of the investment market
Common investors have a misunderstanding, that is, the stock market will rise only when the economy is good. If the economy is not good, the stock market will not rise, or it should not rise. It is because of this misunderstanding that people do not accept the fact that the market will rise psychologically, and use practical actions to resist the rise of the market, thus missing opportunities. The universe is huge and the market is huge. Investors can only survive if they humbly learn the operation of the universe, the alternation of the four seasons, and the cyclical laws of the market. If you accept the market and learn the cycle of the market, investing will become very simple and making money is inevitable.
![Chapter 45 [The 1929 Great Depression: Causes, Process, and Results, Part 1]](/_next/image?url=%2Fimages%2Fblog%2Fjames-history-and-today%2Fen%2Fjames-history-and-today-0051-cover.png&w=3840&q=75 "Chapter 45 [The 1929 Great Depression: Causes, Process, and Results, Part 1]")
Chapter 45 [The 1929 Great Depression: Causes, Process, and Results, Part 1]
The Great Depression was the largest economic depression in human history. The United States' GDP fell 15%, U.S. unemployment reached 23%, and unemployment in other countries reached as high as 33%. Agricultural product prices fell 60%. By mid-1930, interest rates had fallen to low levels, but expected deflation and people's continued reluctance to borrow meant that consumer spending and investment remained low.
![Chapter 16 [Interview with Teacher Meixiang: Conversations with Money] Part 6-3 Wealth Is a Birthright](/_next/image?url=%2Fimages%2Fblog%2Fjames-history-and-today%2Fen%2Fjames-history-and-today-0018-cover.png&w=3840&q=75 "Chapter 16 [Interview with Teacher Meixiang: Conversations with Money] Part 6-3 Wealth Is a Birthright")
Chapter 16 [Interview with Teacher Meixiang: Conversations with Money] Part 6-3 Wealth Is a Birthright
'Interview with Teacher Meixiang: Conversations with Money' Part 6-3 (02/23/2023) Wealth is a birthright - Innate human rights come through education. People are born with human rights, but those who do not know this do not understand how to fight for human rights. So many things and human rights already exist there; only by being educated, opening your eyes, and clearly recognizing that you can obtain them can you possibly have the chance to see them and obtain them. All human progress begins with awareness, such as the women's rights movement, the democracy movement, and so on.
Newsletter
Join the community
Subscribe to our newsletter for the latest news and updates