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As long as there is one thing in everything, there will be sentient beings, problems, troubles, and suffering in the world. The QQQ index is nothing, not living beings, it is the paradise of investment, it is the paradise of investment. The world can only "buy, hold, and never sell." As long as any investment beyond the index fund is one, there will be two, three, five, seven ⋯⋯⋯⋯ and the problems will be endless! In this way, ordinary people will be trapped and investment will become painful! The average person's operating expectation is 50% to 50%. World

* To buy a house in the United States for one million people to live in, the down payment is $200,000, the loan is $800,000, and the interest is 3.5% for 30 years. The monthly payment is $3592, plus the property tax of $1000 per month, the home buyer has to pay $4592 in monthly cash flow. * If you rent a house, you can rent the same house for $3,000, and the rent will increase by 3% every year, but you can reinvest an additional $1,592. * Thirty years later, a home buyer will have an old house worth thirty years.

* Ignorant past. I didn't know what I was doing. ignorance! * Ten years of learning. Don't know anything at all. I don’t know that I am ignorant! * Five years of maturity. Understand the laws of the market and know how to choose stocks. Market bulls think it's their own ingenuity. * Five years of inaction. Understand the laws of the market and know how to buy long-term investments. Do nothing! * None: My future self. Do nothing, only recommend passive funds, hold them for a long time, and never sell them. none! * Ignorance: feeling the market

My earliest investment can be traced back to when I first joined Acer. At that time, Acer was preparing to go public. Our employees who had worked for more than one year could subscribe for 2,000 shares at $10 (or $12, I forgot about it!) NT$ per share. Later, the company’s stock market began to rise. Finally, because I wanted to buy the cheapest car (NISSAN SUNNY $220,000 NT$), the stock price rose to $110, so I sold the stock and bought a car. Of course now that I think about it

The biggest difference between investment and speculation is that investment puts money on an asset that will grow. After a period of time, the increase in sales of products and services and the increase in added value will drive turnover growth and profits, causing the company's asset value to grow, and investors will receive returns from the company's value growth. Usually such returns require the accumulation of time and cannot be achieved in a short time. If the business model of this asset is valuable and can grow in the long term, there was no such thing in the past and there will be in the future.

The long-term annual return rate of the U.S. market from 1940 to the present is 10%. In the past 80 years, the United States has experienced the agricultural era, the light industry era, the engine era, the transistor era, the computer era, and the Internet era. Each era here has experienced 10 to 20 years. Although the entire technological evolution is linear, it has created a long-term annual return rate of 10% for the entire United States. Starting in 2020, the United States has entered an era of technological explosion. Artificial intelligence