00166 2020 First Investment Lesson: A 100 Million Yuan Investment Life Lecture You Must Not Miss, October 2, 2020, CLEC Investment and Finance Channel (Chinese)

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Yes, this is the sum of all my investment concepts. Of course, the details can be extended.

This is, I have been giving this lecture for a long time, 14 years, and there have been some changes in the content, but in fact the main content has remained the same.

Then this class.

Yes, this is the sum total of all my investment concepts. Of course, the details can continue to be extended.

You see, I won’t have any technical analysis here.

Is technical analysis important?

Well, it is also very important, which means it is not important. In fact, it affects you very little.

In my opening remarks, I will tell a story, that is, I went to the hospital and took care of my family.

When I went to the hospital, there was a kid, a young man. He mopped the floor and complained, "I'm exhausted, I'm exhausted."

I was called here and there, and I was told to go over there and call people there again. I was exhausted.

I said, kid, you, I clicked in, you work so hard, you want to learn investing, what?

He ignored me, he chatted with me, and I told him, oh, you need to learn investing, um, just ignore me.

I said that as long as you deposit 3,000 yuan a month, you will have 15 million, and he delayed further and further.

I said that if you deposit 6,000 yuan, you will have 30 million. Not necessarily, hahaha. So what this story tells is, alas, many people have passed me by, but some people will catch this opportunity, and some people will lose this opportunity.

I feel sorry for them. I really do not charge any tuition or fees, and I am teaching everyone a correct way to calculate things, but some people do not understand and think I look like a scammer.

Ha, I think that young man may have thought I was a scammer.

OK, then let me also tell you that I often have dinner with a table of friends.

Ha, then everyone wants to introduce, this is our teacher, he specializes in stock investment.

After that, the whole table didn't dare to talk to me, haha, they felt that I was not doing my job properly, or it was probably no different from a scammer, that is to say, this person must be too lazy, or not doing his job properly, or not, anyway, everyone started to turn away, even if we were talking, it was completely wrong, no, no, no, no, no, no, no, this person existed.

What I mean by this is that this lecture is actually very valuable.

Well, because you have this opportunity, of course I often talk about my Youtuber, I YouTube There are actually not many people there.

Not many people?

Then if you watch a lot of YouTube videos, there will be tens of thousands of people, and then hundreds of thousands of people.

What about investing, and then what?

In fact, the content is closer to that of a variety show, rather than really teaching you how to invest.

Then what we are really investing in is either this is true, or that is actually not very popular, not popular, then this is normal, and if everyone understands this thing and everyone comes to this, then this is, then everyone will make money?

In fact, this is very simple, but not everyone can think that this is so simple, such a simple thing.

So Buffett once said that investing is very simple, but not easy. It is very simple, but not easy. Some people think it is too difficult, and of course it is even more difficult. Some people think it is too simple, but it is not easy to implement.

It’s not easy to execute.

What's the reason it's not easy?

Because you won’t get rich in a row.

No, you have to understand one thing first. One group will not get rich. If one group pays, then everyone will explode.

All paid.

Did you pay for the explosion?

As long as the investment is paid off.

No?

You didn’t see anyone other than Buffett investing.

If investing is so profitable, then the first place belongs to Buffy, and the second place should be another investor, right?

He is not actually Buffett, so the only thing you need to learn about investing is to learn from Buffett.

Well, this thing is very simple, but not easy, because if Buffett persists for 50 years, he will become the richest man in the world, so you must also be mentally prepared to persist for 50 years, and you will become the richest man.

Oh, then you said I don’t need that much money.

It doesn't matter, as long as you persist for 30 years, you will become rich, do you understand?

So I said this is a NT$100 million lecture, right here.

Then it’s about you, you have to become the only two kinds of people in the world. One is one who can easily earn 1 million US dollars or 10 million US dollars every year and do nothing easily. People like me who really do nothing, hahahaha, that Ma Xiu and the others have been with me for so long, he knows it.

Then the other person is the laborer who will never be able to save a stable pension in his life. These are the two types of people, just these two types of people, then.

You can earn 1 million or 10 million U.S. dollars a year. I negotiated U.S. dollars, and most of the things I negotiated were U.S. dollars.

If we want to talk about the Taiwan dollar, I will tell you that it is the Taiwan dollar.

Except for entrepreneurs like Red Sea and Terry Gou, oh, apart from those entrepreneurs, most people can easily earn 1 million or 10 million US dollars a year, just by using this method.

Oh, just use this method. This method is actually known to everyone, but no one believes it. I have been investing for 30 years, and it was only recently that I wanted to be more sure of it.

That's because I believe it can make me a lot of money.

I also made a lot of money before that, but it was very hard.

That is not easy to earn, but I earned it through a lot of time.

Then I really don’t have to spend time now, and I will make a lot of money. This includes how to borrow money. The interest rate is so low now. I say that if a person borrows money, his front four feet will become eight feet. Do you understand?

Of course, you don’t necessarily have to borrow money right away.

But the first thing to do is to secure your investment. All your money must be used well.

The first thing you need to know is whether you are a laborer or a capitalist?

What is the difference between workers and capitalists?

Workers work from 9 to 5 every day. You must get up in the morning and get off work at night to make money.

Then this is the wife capitalist.

Instead of being a capitalist and just sleeping every day and on Sundays, sleeping until you wake up naturally, and counting money until your hands get cramps, this is a smart home.

Then don't use it now, and then all the money will come out as soon as the computer is used.

So you, we are not born with golden soup porcelain, so we will still be husbands for a while.

For example, I worked at Hongji for 15 years, 1990198, 1986, not 1986 to 2004. Then 041914, 18 years?

Yes, 18 years, so I still want to be a husband after 18 years.

You can become a capitalist only after you have finished working as a laborer.

How to do it?

There is a difference between capitalists and workers, and there is a difference between landlords and computers.

Well, I, I often, besides saying that we want to make money when investing, I only need to say a few words at the beginning. You are actually disbanding, and you will know how to invest, but that will not succeed, right?

That will not lead to successful investment. In addition to knowing the final method, you also need to understand the spirit.

And we don’t just have money, we still need a lot of spiritual energy to be able to manage that large amount of wealth.

You must know that your future wealth will be measured in hundreds of millions, not tens of millions.

Right?

It’s measured in hundreds of millions. If you have so many billions, if you don’t have mental energy, you won’t be able to manage it. You will go crazy or become depraved. It’s like many people who win lottery tickets end up not very well, that is, they don’t think about what they want the money for in advance.

Oh, then we Orientals are all educated to be electric dragons and laborers. When we were young, I don’t know how your parents taught young people now, but I don’t teach my daughter the same way.

But when we were children, well, of course our parents didn’t do this directly, but most of them were interested in studying.

Moreover, if you study hard, you can go to university, and if you go to an adult university, you can find a good job. This is the thinking of ordinary Easterners, but this may not necessarily be the case for Westerners. You just free run, that's it.

The idea of Easterners is to train laborers and farmers. You work hard, study hard, and finally find a job in a good company. It's the same principle as before when you had to get up with me at 6, 5, or 3 o'clock in the morning to farm in the fields. Only after you know how to farm, others will have fields for you to farm. This is the same principle.

So here is the difference between workers and capitalists. Then most of us Asians have cultivated the ideas of laborers and farmers, and have never cultivated financial concepts. It seems that parents have never educated or taught their children. This is our problem.

In fact, Europeans and Americans, especially wealthy families, must first educate themselves on how to manage money, how to manage money, so we should start from the perspective of how to transform from labor to capitalist in addition to labor.

How to change from an electric farmer to a landlord?

There is only one way for you to change from a laborer to a capitalist, from an electric farmer to a landlord.

That is to say, when you are working as an electric farmer, if your employer and the landowner give you 50 bags of rice every year, you should not eat all the 50 bags of rice. If you eat them all, you have to plant them again and help others.

There will only be 50 bags of rice next year, so you should save 10 bags of rice and sell the 10 bags of rice.

After the sale, you get the money and save it. After a while, you can buy a small piece of land, that is, buy another piece of land next to the landlord. In addition to helping the landlord to farm, the small land also helps you to farm.

When one day your land accumulates to the same size as the landlord, or is larger than the landowner, you will no longer have to help the landlord farm, and you will have your own land to farm.

Finally, you can also ask an electric farmer to follow you, and you can become a landlord, do you understand?

Therefore, the only key point for laborers and electric farmers is that if you want to become a landlord or a capitalist, you must not eat up all the rice with your monthly salary, moonlight, or haha. You must save money. There is no way. You must save until the end, so that you can have your own capital and become a capitalist.

But many of our husbands, just like the miners in Jiufen in the past, worked for food and gambling, and then lost to the capitalists, because those shops were also opened by the bosses, so they would always have to end up in the mines. The same is true for workers. Even if you go out and gamble in the stock market, you will end up with your husband. You can never escape the fate of a laborer. This is something ordinary people cannot escape.

Then you must be the first, and you must, um, save money.

The second thing is to make the right investment. If you treat investment as gambling, you will definitely lose the bet, and you will lose 10 times out of 10 bets. It is impossible to win.

Ha, that young man just wants to save money.

And here I will share with you that when I went to the United States, I was assigned by the company. At that time, I received an alliance salary of 700 US dollars a month.

I go there every day at noon and eat out at noon. Pineapple bread costs 6 cents and a McDonald's hamburger costs 1.99.

I struggled for a long time, whether I should eat the 0.660.6 one or the 1.99 one. In fact, I have never eaten the 1.99 one. I can only eat the 0.66 pineapple bread.

So of course this is my personality?

I don’t think everyone should be like me, but at that time, saving money was my book. That’s it. I’m not saying that everyone will follow me like this. I also used to buy pancakes with 5 cents when I was a child. I walked around there for an hour and couldn’t bring myself to buy pancakes. In the end, I saved 5 cents and went home.

Okay, then I went to see a movie. My mother gave me money for three bowls of onion noodles, my brother, my sister and me. But when I came back, I only bought two bowls of spring noodles.

Later, the child gave the remaining 5 yuan to my mother, hahahahahaha, this does not mean that it will become what it is today, it is not like this, but saving money is the default in my DNA, which is in crap.

Then you need to know how much money you spend?

You have to know that the money spent is really a pity.

Yes, especially young people.

Then we will talk about it. Before you are financially free, you can save a dollar for a dollar, but after you become financially free, like me, you can spend a dollar for a dollar. So I can come here. I can usually be in Taiwan, and I can take the MRT, or I can call Uber or buy a luxury car.

Most of my decisions now are to call Uber directly for luxury.

These two have two missions, and I want to spend money on the first one.

The second thing I want to do is stimulate the economy, so that some people can make money. Of course, my film editing is not very effective, but I do add Uber.

More people can do it, and I can talk to Ubel about how to invest, so I can build one and save another. This is my mission.

So in life you have to spend 1/2 of your life working.

That pile of garages, in the United States, is a pile of useless things. You will find that most of the things you buy are useless after a few years, and then become useless.

So we spend so much of our lives going to work from nine to five, and we waste so much, wasting our lives again.

Of course, if some people now say that young people like you are wasteful, they will definitely be attacked by online bullies, right?

Haha, that’s not the case. My daughter told me about her father. In fact, you all think that we are strawberry people, but we work really hard.

It’s not simple. Young people nowadays are really not simple.

Let me tell you, you are even less simple than we were.

Why?

Because our previous salary is multiplied by 5, we can buy a house.

Now, instead of my daughter’s salary being more than 100,000 US dollars, she has to multiply it by 1015 to buy a house in the United States.

15. Then you see, he works three times harder than me.

Three times, so it is very hard for young people, so why should I teach this investment?

Not only does it teach our generation how to retire, but more importantly, young people, the money you have saved since day one is valuable. Why is it valuable?

If you go there, if you use a computer to calculate, 1.1 is 10 percent. What is the 40th power?

You do the math of 1.1 raised to the 40th power.

1. I can calculate 1 to the 40th power. Then let me take a look at the computer 1.1 to the 40th power. Has anyone calculated 1.1 to the 40th power?

45 times, right?

Okay, let me tell you, this 45 times is very important.

As soon as you graduate today, you will buy a car worth 1 million when you are 22 years old. I said you spent 45 million to buy a car, so I bought a car for 1 million.

In fact, it is not a good car. If you spend 45 million to buy an ordinary domestic car, don’t buy your car. You can actually retire. If you just retire, you will already have the autumn gold. Do you know?

Oh, this is important.

Then 45, your 45 times is very important, that is, you will have 45 times in 40 years.

So some people say I buy a bag for NT$10,000, but I say you buy a bag for NT$400,000, right?

You said I would use 150,000 or 200,000 to travel to Europe.

I said you use 9 million to travel.

Yes, if you look at 20,000 yuan, well, 200,000, 200,000 times 4,045, 9 million. If you use 9 million to travel, that is really unreasonable, and then it cannot be justified.

I’m not saying you shouldn’t travel, but I mean you need to know that you need to save money, because your money is very powerful.

My money is worthless.

Those are young people, and money is valuable. My 1 million will last for 40 years at most.

That's possible, right?

That is 45 times multiplied once, and it equals inheritance to me. But for young people, it can be multiplied 45 times twice, 45*45. Then how much do you think it is?

4040 is already, 4040 is already 1,600.

Then you used 1 million, how much did you use?

One hundred and sixty million, right?

Two thousand, that’s 200 million. If you spend 100,000 on your own, it’s better to spend it on your own than on a single trip. Of course it is, but it’s you who spent NT$1 million. You spent NT$1 million as soon as you graduated.

What you actually spend is 45 million in 40 years, and 200 million in inheritance when you are 90 or 100 years old.

This is very considerable, so everyone knows that your money is very valuable and don’t spend it casually.

So the other thing is that we only have jobs in our lives.

In fact, if you look at money, you will make money. You don’t actually have to spend too much time working. You just need to manage your money well.

Instead of calling your boss, please always expect your boss to give you a salary increase. You work very hard and hope to get a good position.

Why don't you change your mentality, value harmony in the company, and help others succeed, because you don't need to make money.

There is no need to spend your retirement days with the money earned by the company. The company is just the stage of your life. To serve life, you should need money, manage it yourself, and earn it yourself. You in the company are service, and serving our life is for the purpose of service.

Then you will earn more, and your health in the company may be worse, because you have no enemies and everyone depends on you.

Yes, because you helped a lot of people, that’s why I worked with this mentality when I was at a Hongji.

So whenever there is a chance, they will come to me, and this is my chance.

So we work in life. Are we defined as being able to only work as soon as we are born?

You have to know that many people cannot retire until they are in their sixties, and those who have no money have to work as building administrators.

Why am I not the building manager bad, just saying do you have any other options.

So we are not born to work in life, we are born to have meaningful life.

How do you define your own meaning?

Of course it's impossible to be different, but it's not worth it if you spend your whole life doing a job that is just a life sentence.

Not worth it.

So money can make money, you don't use your life to make money.

Well, that’s not worth it, that’s not worth it. Anyway, you should start thinking back to your childhood dreams, or what are your dreams now?

Whether you put family first, or you think you have a dream, you can think about it. If you don’t have a dream, you can start thinking about it from today.

Oh, you can think big, then money is not an issue.

I have educated my daughter since she was a child, and she went to work in graphic design.

He once told me, Dad, when I went to do a graph competition, many people told me that I would starve to death. I said no, money is not a problem, and you will only succeed if you do what you are interested in.

Before I said this, there were people who left messages in YouTube saying, oh, no, you still have to let your children do something that, um, can help them find a job.

From my experience, I don’t think so. Then I think making money is earned through work?

It is earned through investment. The money you earn at work is your hobby.

I read WE by myself for your interest. I am really interested. When I was filling in my application for the college entrance examination, Funan University seemed to be my fourth choice. Anyway, after filling out Electronic Engineering, I became Funan University’s fourth choice. Hahaha, it’s gone.

Yes, at that time, our school’s electronic engineering scores were very high, so we really were.

Well, yes, then I can go into the center, machinery or something, but I didn’t go.

If you haven’t gone, ha, then this is it.

Ugh, you, I think I was right to do the folding line because I'm very interested.

When I was in the company, I could work overtime and stay up until three or four in the morning, and I was very happy to go to work on Saturdays and Sundays. I felt that I couldn't wait until Monday, and I had to go to work.

Then that is interest. If you are interested, you will succeed.

So let’s say the same thing.

But I actually didn’t have any dreams in life at that time. It was only after I started to retire that I started to think about my dreams in life.

Of course, only those with money dare to think about it.

Oh, then you should think about your dreams in life.

It doesn't matter if you don't have it now, but you have to slowly find your own life, because you won't just work until you die, you will definitely retire one day.

Then the day you retire will be scary for many people. What will you do when you retire?

Oh, of course, I'm very lucky. As soon as I retired, I naturally went to learn Ziwei Doosu and hypnotherapy. I also invested, and investing became my main business, because the second half of my life is the most important. I invest with my life, and I also invest with my life. When it comes to investing, you will think that you need to know that among all those who invest outside, very few people invest with their own funds. They all use teaching to make money. Teaching a class costs 50,000 yuan, or becoming a member costs 100,000 yuan a month. If he is so good at investing, why would he take your money to live?

Do you understand what this means?

He doesn't need to collect your money. Since he still wants to collect your money and live a comfortable life, then you know that he must not have made any money from his investment?

And then he can’t even feed himself three meals a day, right?

Understood.

So you must listen to the advice of people who have made a lot of money, and Buffett's advice is right.

Then of course you listen to Buffett's advice. Some people say that he will also change, but they don't understand his essence.

Some people say, well, you know Buffett?

Sold Apple, did you know?

I said I don't know.

Then you don’t even know that Apple sells apples, how can you still be a teacher?

I said what does it have to do with me that he sells apples?

Oh, right, that's not the case.

That is not understanding what Buffett is doing.

You don't have to be the same as him, but you have to have the same spirit as him. You can't be the same as him. Then you have to have his spirit, and you will successfully understand this meaning.

So you have to know that when your biggest dream in life comes again, that is, when you have 10 billion or 100 billion US dollars, will your dream change?

You have to think about it, when you have 100 billion U.S. dollars, you can’t spend all the money you need to buy three houses under the minimum living allowance, and there is still a lot, what should you do?

At that time, your trouble was not lack of money, but more money, so now I have to teach people how to spend money. It is not easy, it is really not easy. You have to know that spending money is really not easy. The troubles of money, but you must first think about it. You will definitely have 10 billion. So how will you live when you have 10 billion?

This is what you have to think about. You can't just think about it now. I'm just working to make money.

No, that's not the case. What you want to think about is what will you do after you retire early at the age of 45?

This may be the biggest issue in the future.

Oh, you have to say that because it is easy to make money, I will teach you that it is easy to make money, but after making money, life will not be easy.

Then you have to take care of both sides. Otherwise, if you make money and have a life, your life will be gone.

Therefore, if we want to live a worthwhile life, we must have money and money.

So why do we Asians grow up saying money is dirty?

This effortless gain is hard to come by.

That's not right, completely wrong.

Americans don’t think so. Look at Americans lying at home now, huh.

Spend $600 a week, $1,200 a month, haha, spend $600 a week, spend $1,200 a season, the federal government spends $1,0001,200, spend $600 every week, spend noon every week, this is the United States.

Then you want to make it unique. Because of the US dollar, they have the right to issue US dollars, so they can issue them however they like. Then the US dollars they issue are borne by the whole world. What do you know?

If you and I have a chance in the future, I will say that money is a liability. If you all accept US dollars, you will be a creditor. Do you understand this?

If you accept U.S. dollars, you are a creditor. If he prints money, you are a creditor. Do you understand this?

Of course, he is also a creditor. You, too, can ask him to ask for you. If you use US dollars to buy an Apple phone, it will also sell it to you.

But if you bring U.S. dollars to Taiwan and exchange them for Taiwan dollars to ride on a computing car, others will also have debts. You are saying that U.S. dollars are a global debt, not just a debt of the United States. You understand, so Americans are born rich. What about us Asians?

So we must have money.

What to do?

Let's go make money from Americans.

How do you make money?

You just want to invest in American companies, do you understand?

You are a shareholder of Apple today, and Tim Cook is helping you do things.

You will share the value-added part of the money earned by Apple, the team cook company, so this is a very important concept.

Therefore, we must have money in life, so if you still think that enough money is enough, that is a wrong idea.

I often invest at home, but many people will do it.

Of course, it’s not a lot. Some people will say, oh, James just has enough money.

The first person to say this is a pauper. He must be a pauper.

Rich people know the benefits of money and will not say that enough is enough, never enough, never in.

Not enough. If you have enough, Dibao will buy two for me. If you have enough, did you check the price when you went to the restaurant to order?

It all depends on the price. Now I have no idea how much the things I bought are worth.

I know no, I never look at the price, because really rich people spend money without looking at the price, right?

Do you understand that you have to achieve this goal?

Then you have money. Being rich means you can spend it as you want. I am not wasting it.

But you can spend it if you want to. If it’s painful for you to spend it, then you might as well not spend it. OK, there are people who find it painful to spend money. Like Buffett, it’s painful to spend money. That’s his personality. He won’t be happy spending money. That’s him.

So why do I say that sometimes it becomes necessary to learn to spend money?

Spending money doesn't mean you can spend it whenever you want. It's not that simple. It's not that simple.

OK.

That’s why we say that workers exchange their lives for money, and capitalists make money for you through others.

That's because this is a capitalist society, not communism, nor socialism, so you must be a capitalist, and you cannot be a laborer. If you leave, then if everyone is a laborer, then go back to the old communism, and that kind of society will not be successful.

Verification will not succeed, so it is important for you to think about how to let others work peacefully and make money.

Well, you make money while others work, so the first step for you to take the capital price is to see how much money is in your bank account?

How many accounts do you have?

How much does it add up to?

You don’t want an account outside Cathay Pacific. Here is tens of thousands of dollars, and that one from Fubon is tens of thousands of dollars. How many stocks do you have?

They are all in a mess and have no idea how much money they have.

If you don’t know how much money you have, you can’t manage your money because you don’t know.

I said I was very simple, I said, eh, multiply your assets by 45 times, how much money do you have?

Sigh, I don’t know, that’s not right. Just, you need to know how much money you need to have, then continue to invest like this. Only then will you know that you are efficient. Is money efficient?

Are you investing and making money?

You may also be sleeping on a lot of money, and you may think that it is not important. In fact, if you think about it, if you have 10,000 to 20,000 yuan parked in one account without touching it, how much is that?

That is 1.8 million, and there is another 900,000. That is 900,000. Is 94 equal to 45 times?

900,000, then you are equivalent to parking 900,000 over there. Then if another 40 years pass, isn't 36 million more than 300?

90*4045 Yes, 36 million. Oh, you have nothing to do with 36 million parked there.

Hey, you can’t earn 36 million even if you work so hard, so it’s wrong to just sit there with 36 million and do nothing.

So all your money must be invested in QQ.

One of the things I hate the most is cash. I hate cash the most. How could he be so lazy?

Then why are you so serious?

You have to work hard, 100%, 24 hours a day and night.

You don’t have to work, but many of us are laborers. We work hard on our own, and we are all lying there, completely sleeping.

That's not right, make your money work hard so you can rest early.

If you work hard and your money doesn't work, then even if you work hard all your life, it won't be enough, and it won't be enough this time. That's why you have to make money work hard.

Alas, it’s up to us to realize our dreams.

I understand, so I have to come here slowly.

So the first thing you do now is to think about how you manage money, not the first thing.

When I go to work on Monday, nothing in the company matters. Do you understand?

That’s not important, that’s really true in your life, that’s as light as a feather, that’s really complete, the products I designed before Hongji were the best-selling products in the world.

Who knows?

Who knew you still knew?

Hahaha, it’s the best.

That was PC back then, right?

No one knew, and now everyone has forgotten.

Yes, but only I know it, only I still remember it, but it doesn’t matter if it’s not in the entire universe or in the world. What really matters is how much money you have. I can’t take the time to teach you here today.

I can fly in the United States and Taiwan, I can.

Because you have a lot of money, not because I make good products, no, not because I know how to be a capitalist, so you want your family to live a good life, you want your parents to honor your parents, and you want your children not to follow the same path again.

You just want to change, you have to make it, you have to make money to work. Rich people have different minds. What will they do when many people buy stocks?

If you buy wrong tomorrow, you will see it fall, you see it will fall as soon as you buy it, and it will rise as soon as you sell it.

That person is the first one, and your thoughts in your head are wrong. The first money, a lot of money, is mine. I will make a profit every time I buy. The money in the market is mine. You have to understand that this is positive energy. You must think about this. If you keep thinking that I will lose money when investing, then you are finished. Every time you make an investment, you will be afraid, because you keep telling yourself that I will lose money when investing.

No matter how good the stock is, even if you buy TSMC for 200 yuan, you still think you will lose money. If it drops to 195, you sell it because you think you will lose money on your investment.

No, let me tell you the other way around. Today you are starting to tell me that all my investments will make money, and I will make a lot of money. Do you understand?

The stocks I bought never thought that I had lost money. I didn't. All the stocks I bought made money, and there was no stock that didn't make money.

never Do I understand?

This is because you have to believe that your investment will make money from the beginning. If you don’t believe that your investment will make money, how can you invest money?

This is related, so when your thinking is wrong at the beginning, why do you just throw randomly?

Then if you say that my investment in this person is successful, you will, well, yes, this investment will definitely be successful.

I often make an investment decision within 10 minutes, and just like that, a large amount of money is about to go in. I believe in this.

So why?

Because I have studied this business model very well, and I have my own characteristics. This is my talent. I don’t hope that everyone has this kind of talent and can pick good stocks. But do you understand that you can invest in index funds?

What I'm talking about is index funds. I'm talking about 45 times, not about which underlying stocks to choose.

No, the 45 times I’m talking about is index funds, and the most frequent SPY is 45 times index funds. You know, then this is an investment method that allows everyone to become a billionaire. Everyone can do it.

This is why I say that everyone can easily become a billionaire.

You don’t need to choose stocks, you don’t even have to. You just need to choose index funds, and you just need to implement quasi-index funds.

Of course, you will gradually come into contact with me in the future, and I will get more and more information. You may invest in individual stocks. I have no objection, but if you are the first to invest all your money in index funds, you will still want to buy individual stocks in the end.

You can, but you have to learn how to buy individual stocks.

In fact, in a nutshell, nothing matters, only the business model.

Business model?

If you don’t understand business models, you won’t make money even if you know how to read financial reports. Even if you know how to read technical analysis, you won’t make money.

Because if you are good at technical analysis, others will be better than you, and you can’t beat an accountant in financial reporting.

So why are financial reports so important?

Why have no accountants become Bawit?

No?

So does that matter?

That's certainly not important.

Not important.

It doesn't matter what I tell you. All companies will be successful because of their business model. Only then can they generate good sales and only then can they generate good reports.

Do you know what is a good company without good financial statements? There is no such thing. It must be a good business model that builds a good company. A good company only produces good accounting statements after it grows rapidly.

So many people are studying the financial statements, but that is just the bottom line. They don't know where the company is at all. They say that as long as you compare the share ratio of several financial statements along the financial statements, you can choose the company.

The formula for choosing most of the blind elephants is, well, Buffett said to choose m p stocks, if you choose MP, you may choose either China Steel or Taiwan Lock, otherwise you will choose, um, that Quan.

Yes, this is it anyway, otherwise if you save in financial stocks, you will think that these stocks will not rise and the dividends will be quite large.

Just like this, those companies have lost the index, and your return rate is only the straight rate plus the growth rate. The straight rate is 4 PERCENT and the growth rate is 0. The return rate is only 4 PERCENT, and it will not reach 10 PERCENT.

I understand, so I say you don’t need to talk about picking individual stocks. Picking individual stocks is very simple, but also very difficult.

Let me ask you, when you first entered Starbucks, did you feel like you were shocked?

That is to say, this store, this company, wow, this company will definitely make money, it will definitely make a lot of money.

After that, you can buy stocks of these companies as soon as they open, and you will be called.

You must be impressed by this company's products. If you are impressed, is it worth studying and understanding?

Isn't it because not many people understand you?

So if you get called, it means you have a special feeling. You have a feeling for this company, so you can invest.

If you don't feel anything about this company, don't invest in it. Don't. You know TSMC is very good, but you don't want to invest in TSMC. Why?

You don't know which technique he failed in or where he made mistakes.

You don't know one day.

You don’t know, of course, you didn’t know when he got better in the beginning, right?

You don’t know either, but you should know about the people who copied Seven from 20 years ago?

It was like the first time I picked stocks, I was called by Starbucks, and I bought a lot of Starbucks.

OK, okay, then we are not going to talk about individual stocks today. I am just saying that assuming you have never been attracted by a business model, that means you cannot go and invest in individual stocks.

You, you don’t have it, you don’t have this ability, you don’t have this ability to be like, oh, yes, then you can study value, you are worth studying.

Then ask people who drive Tesla if they like it?

Would you recommend others to buy this car?

You have to ask, if you don’t do this little bit of homework, then you can’t do it.

You are turned upside down and you have to ask, unless you are very clear about the business model, like me about SQ. The first minute I saw it, I knew it was something serious.

I'll be ready to buy it when it comes on the market.

The first time I saw it was at the free market in San Francisco. Someone wanted to buy a mask for a masquerade party. It turned out that he had to swipe a card. I originally thought that the welfare market required cash, but it turned out that he just took a mobile phone and added a card, and just swiped the card.

I see, what is this?

He said it was square, and I said wow, that’s awesome. I was scared at that time, so I stared at him as soon as he got the boss.

So we bought square for 12 yuan, and it dropped by 8 yuan.

So this is what individual stocks should look like. I will stop here and stop talking about individual stocks. I will go on and share the key points.

Okay, so what I’m talking to you about is the index.

So you have to know that the money is all yours. You can get it as much as you want. If you go and pick it up, it will be there. If you are too lazy to even reach out to pick it up, then there is no chance of being OK.

So we ordinary workers are working hard in this mouse cage, making money for their bosses, exchanging their lives for money, making money to pay taxes, paying a lot of taxes, and making money to the bank, such as car loans, housing loans, etc.?

A bunch of credit loans come and go, this is the big house you bought, do you understand the big car you bought?

Let me tell you, if you buy it later, you won’t need the money in the future. If you want to buy a car for 1 million, you.

I said, well, wait a minute and buy it five years later. Your 1 million will be turned into 2 million to buy a car. You still have 1 million left for another five years. Well, who wants this car?

The 5-year-old car is still quite new, so I’ll give it to you.

I'm going to buy another car.

If you buy another car in five years and give someone a car worth 1 million, in fact, the price of our cars won’t increase very much now. The 1 million yuan is actually just the performance has been increased, and the price of the car has not changed. Do you understand?

So you never have to spend money on a car again, and that million will never be spent.

But suppose you find a job as soon as you graduate in the first year and buy a car worth 1 million first. If you are still unlucky, you can take out a loan to buy a car. Wow, as a real estate person, your 45 million will really disappear in your life, and you will still drive a crappy car every ten years. You can barely buy another car, and the 45 million will disappear again, right?

The original 40 million has disappeared, and you have to find another 1 million to buy the car. So you are not just losing one car or two cars, you are losing many cars, because you have to spend more than 11 million to buy a car every 20 years every 10 years.

When I returned to Taiwan in 2000, I didn’t have a car, and I didn’t buy a part of the city bank from others.

I have been driving my father's Yulong car for ten years. When I drove it, the battery seemed to be dead.

I am a senior manager at Hongji, but I drive a Yulong car that has been around for more than ten years. I once parked on Nanjing East Road, where there is some kind of Luk Fook Palace, to hold meetings. There is a parking lot on the ground floor of Luk Fook Palace. It is small, right?

I was about to drive in and turn off the engine, but everyone's path was blocked by me.

I handed the car over to that person, haha, to the person at the counter. Alas, my car has no battery. You help me charge it. I still go to the meeting, just like the meeting with the general managers.

It doesn't matter, their general manager's car was blocked by me.

It's okay with me.

Hey, I kept trying to survive because I felt that the 1 million car was not worth spending at that moment. For me, it was 45 million.

Don’t you understand 1 million?

No, and if you buy a MACD bench, it definitely doesn’t cost 1 million. It costs at least 7 bars for 3 million.

So how much will it cost me?

It’s 150 million. My head is broken, so there’s no way I’m allowed to spend that money.

I didn’t even spend the 50 cents on the Jiangbing, but spent 150 million, hahaha, OK.

So don’t buy a big car or a big house. When you say you have endless money like me or Ma Xue, then you can buy whatever you want. OK, do you understand?

Don't do this at the beginning. If you do it at the beginning, you will go back to your boss. Boss, I want a raise. I just got married and I want to support my wife. I will have a child in a few years and I want to raise a son.

If you ask your boss for a raise every day, you may be able to save money and invest now. The money you earn every year will generate money, so you don’t have to go to your boss. If your boss scolds you, just smile, I will be richer than you, and I will retire earlier than you. That’s it. Don’t you need to worry about the things that the boss is crazy about?

Then you will be happy at work and have a happy family, right?

Then the interpersonal relationships in the company will be very good.

I think it would be difficult for you to understand it unless you were promoted to the general manager. If your child is capable, do you understand what this means?

Your intrigues are of no use.

So you have to know if you are in this position.

If you are in this position, you cannot escape here forever, and you will be sentenced to life imprisonment.

This is a life sentence, and you won’t be able to get out of it even when you are 60 years old, because your car will have to be replaced, your house will have to be replaced, and you will have to repair it. You still have to go out, and you go abroad several times a year.

How can we get around it?

You can never get around it, no matter how much you increase your salary, you can't get around it.

You are a rat dragon and you can never get around it. Do you understand?

Oh, this is the sorrow of ordinary people.

Then I will teach you how to change, from life imprisonment to fixed-term imprisonment.

It doesn’t matter how early you retire, or how early you retire.

But if you do the math, if you retire earlier, save more, and spend more, 100 million will be spent by you soon.

Then you'll be playing for several years, right?

Then I retired after playing for several years.

So the key to getting rich is here.

You have to work and save money at the beginning, and then you don’t want to buy pancakes. Of course not. Then I won’t tell you not to travel. Then you just have to calculate how much I should spend and how much I should save for my pension.

Do you know what I mean?

Then you have to think about how much money you want?

How much is enough?

Then we will teach him how much money is enough later?

You can do the math, let me tell you, your retirement life will be like that. You can eat porridge, sandwiches, or cook them at home every day.

He can still live his life without going out, so you can also go out to play every year and eat out every week, which is also a kind of retirement.

Then you can play as much as you want, or buy a private jet or private yacht to entertain the whole family, which is also a kind of retirement life.

So how are you going to live?

Three, six, nine and so on.

So don’t put yourself at a very low level now. Many people say that as long as I have 1 million US dollars, 2 million US dollars, or 3 million US dollars, I can retire.

No, 3 million dollars can do it. Especially in the United States, 3 million dollars can do it. At least a house costs 2 million. Then you have 1 million left to do it. If you say you can get a loan, how much do you spend per month?

How much does it cost a year?

Let me tell you, if you don’t spend $200,000 a year, you won’t be able to live.

That is to say, do you understand what life is like for me?

Then you have to know that if you want today, we are not saying that you want to waste it, but you have to know that you are a capitalist, the money is over there, who will take it if you don’t take it?

It has been taken away by many Europeans and Americans. Who earns the most among Taiwanese laborers?

We’re not those brands, right?

Do you understand that you want to be the boss of a brand owner?

Although I will be your labor today.

When will you climb all over the land one day?

Although I can't climb on top of him and take care of all his affairs, at least the money he earns should be banned from me.

If you become popular just like that, then if everyone in Taiwan thinks this way, are we not completely workers?

We are laborers, our interests, we are the capitalist bosses of the entire world.

We Taiwanese have a lot of money, but it's a pity that we all buy capital-guaranteed insurance. Otherwise, we buy too much insurance. Everyone buys capital-guaranteed review, and ends up losing the most. You have to know that the safest investment is the most dangerous.

My investment annualized return is 10%, which is 45 times in 40 years. How much is your annualized return of 3% in 40 years?

1. 3. Guess how many times it is?

Many people are investing this 3 times, so it is strange that you are not poor.

I say that many people invest conservatively. Whatever financial stocks they buy, they will get three-fold return and three-fold good fortune, and they are very happy now.

I said, let me tell you, you have 10 million now, and I have 10 million. After ten years, I have 100 million, and you still have 10 million. You are a pauper, and you are a pauper. Do you understand?

Therefore, investment cannot be conservative. If you invest in bonds, it may seem safe, but in the long run, your risk will be extremely high, because you will eventually become a pauper. Do you understand?

When I can buy several items from the minimum living allowance, you are still paying 10 million, with a down payment of 10 million and an annual allocation of 300,000, right?

So to get rich, you have to invest.

Then you have to invest.

Yes, today we are going to teach you how to make the right investment. Either you will not lose money on your investment, or you will make the money you deserve without investing.

If the entire earth is a formula, you have to get a share of the earth's output. If you can't afford not to get this, then of course you are the group being exploited, right?

You are one of the exploited people, so in addition to this, you need to improve your spiritual energy.

Since you come to class, you will improve people. Just like that, you will completely open UI. Once your horizons are opened, you will be different from others. Do you understand?

You are different, your general manager doesn’t have a good vision of you, right?

You understand the business model. With the business model, you can be the general manager. You are more general manager than the general manager. Do you understand what this means?

So you have to study, so you can go read a book.

You have to read a lot of books on investing, but you have to have reasonable doubts first. A lot of information is wrong, 99.99% of a lot of information is wrong.

In the investment book, if you say that you are right, most of them are right, but you have to know that they all have conditions. But because you don’t have a comprehensive understanding, you don’t know what their conditions are, so you will blindly believe or blindly reject you.

So you don’t want to judge the value of furniture at the beginning. You don’t want to judge whether the information is correct or wrong. Just absorb it in large quantities.

Then when you invest, don’t be influenced by him. When you invest, you do what I tell you about the investment. When one day you realize the truth, you will prove that this method is the only way. You understand, right?

I have been taking classes for 13 years. In 2015, many people completed one year of classes, which is almost 16 classes.

Finally, let me tell you, that I have taken so many courses to prove one thing, that is, when I talk about investment, long-term investment and index investment are the only truths, no more.

But when I told you at the beginning, alas, for the first five stops, I said, alas, just go back and buy whatever you want. Don’t sell it for the rest of your life. If you have money, keep buying it so that you can disband.

You must think that you won’t be able to execute this. Even if you are so simple, you won’t be able to execute it. You don’t know how to execute it, and you won’t be able to execute it successfully, because as soon as you step out of the road, the market will drop three times at the opening on Monday. You think, this is a hell, right?

You will find that you have wavered again, and suddenly the analysis is that the market is going to be catastrophic.

Trump and his wife got COVID-19.

Yes, then the world will collapse now, and the United States will launch nuclear bombs.

Anyway, you are bombarded with that kind of scary messages every day. Do you have any way to invest?

Long term?

Do you still have a long-term perspective?

No.

Disasters are coming to you every day. The California fires are like the end of the world.

OK, you went to see the photos, right?

It seems not. We haven’t even gone to Mars yet, but we are already on Mars.

This is what you need to know that you are in the investment world. If you have not invested, you will not know it. But when you invest in the investment world, you will find that you seem to be living in a miserable world.

All analysts are in the miserable world, completely in the miserable world. In fact, society seems to have many miserable worlds. Just let it change. You are very pessimistic, very pessimistic.

Never redeemable by our investors.

I once lost 30% of my investment, and I have never been pessimistic, do you understand?

No, just keep moving forward.

Investors have no reason to be pessimistic. They can only move forward bravely. Then you have to go through all the tunnels, all the declines and then climb up. You just have no choice. This is your only choice.

So don't pay attention to the market's decline, and don't pay attention to the scary news in the market. Those are hot colors on the Internet. From me, I have proven that they are hot colors, so you should believe that they are hot colors.

Even if you don't believe it, you should first assume that he is Lese, and then you can check to see if he is Lese, and you will know.

So even though you make a lot of money, you still live a simple life. Like us, we can spend it when we have money, but we don't spend it carelessly. Spending money may not necessarily make you happy, and spending money may not necessarily make you happy.

OK, spending money does not necessarily make you happy, so anyway, you have to improve your mental energy and you will be happy.

I feel very happy when I come to class, so I actually quite enjoy class.

Hahaha, I really like class, you know?

But that loan gives me a lot of energy, so the market helps us make money. If the bank can't make my money, I won't trade, so what good money can I make?

I don’t trade, and there are no handling fees. I can’t even earn the no-handling fee in the United States, so this is the key to payment.

The first one is to save money and make the right investments to cultivate spiritual energy.

Keep investing.

Only in this way can you manage your money.

So you have to use money effectively and improve your spiritual energy, so you will find that in the end you will have a lot of money, then you have a lot of high spiritual energy, your energy is very positive, your energy is very strong, the energy is very strong, otherwise you will be affected by a lot of information, and a lot of information will be affected.

So you have to make the money work, make the right investments, and make the money work hard.

If the money is invested correctly, it will be a chain reaction, really a chain reaction, and it will keep rising until you have no time to calculate it.

Because it rises very fast, OK, look at the rise from February 2, the end of March, and the end of February to that high point. It rose 68 points and 68 points. Be careful, there are only a few months. In March, April, May, June, July, August, and September, the rise of 68 points was faster than the 45 rise in March 2009 itself.

So if you don’t get caught this time, well, how different is your asset from mine?

If I want to buy my 100 million to 200 million again at the bottom, is it still meaningful to you?

Then I will ask you twice as much right away, and after just a few times, I will be in heaven and you will be on earth. Do you understand what this means?

So this is a chain reaction if you make the right investment, so the age at which you accumulate funds is like when you young people ask you why you are still unable to achieve financial freedom. You save a dollar and count it. In fact, I should say that saving a dollar means saving 45 yuan, or even 160 or 180 yuan. If you save 10,000, it will be 450,000, or even 1.8 million.

But when you can’t spend all the money, you spend only one dollar, but how do you spend it?

Then you have to think about how to spend it. First of all, of course, spend it on your relatives and friends, and then you can see if you can leave.

It’s not easy anymore. It’s really not easy to spend money. Spending money will never come again.

That is to say, well, if you ask us to invest in this way, is it safe to make money by investing in stocks?

Will there be more and more money in the world?

Okay, let me tell you something, that is, the stock market is the value added by our human efforts to build it.

Today our Taiwan and Taipei are so developed.

Because of pregnancy.

But when the pregnancy first came, it was just a pile of iron.

There are still a bunch of workers who put these things and designs together, and the value produced must be higher than the original materials and salaries. So what is the added part?

Value-added, that is value-added, so who do you want to distribute the value-added part to?

Distribute it to shareholders?

Distribute it to shareholders.

The MRT is running smoothly, its efficiency has increased a lot, and houses have been built.

If you are smart, you should be able to buy a house. Just build your kind of house. The house was originally made of steel and concrete, which is worthless. But suddenly put it together, it becomes hundreds of millions, tens of millions. What is the extra money?

It’s the value-added part, so we humans are always adding value.

Apple is located in Cubdino. It has nothing but a group of people, 20,000 people, plus steel and concrete and a few computers.

But they designed an iPhone, then designed many APPs, and then made this sick APP commercial and collect money, and then designed an Apple Pay, which charges 0.5 percent for every payment. Does a company like this create value?

Yes, it adds a lot of value, and this value is the value created by Apple.

Do you want to share the value created by companies all over the world and across the United States working hard and combining their original materials or brain power?

Will the value of that period decline?

No.

We humans will continue to grow. From the barbaric era and the Stone Age to the present, humans have never regressed.

From the steam age to the train age, to the automobile age, to the computer age, to the Internet of Things to today, and the speed now is much faster than before. In the past, it took 30 or 60 years for the train age to enter the automobile age, but now it only takes less than five years and ten years for another business model to come out.

You have to accept this sentence, so you have to share it. You have to share it with money and big buckets. Do you understand?

It would be a waste not to pick up so much money.

That’s why there will be more and more money in the world, and there will be more and more money in the world.

One day I will tell you how the money comes out?

Money comes from credit, and there will be more and more money, especially now that the interest rate is so low.

You go to the bank to borrow money. You buy a house worth 30 million and you pay 3 million, and he lends you 27 million.

Where did that 27 million come from?

Was it there originally?

Was it at the central bank?

Or were you originally in Cathay City?

Or where did the 27 million come from?

You enlighten, you tell me.

That 27 million was obtained by your credit. You print money because you have the credit. Go to the bank to see if you still have a job. You are still young. Well, I will give you 27 million and the money will appear in your account.

Alas, do you understand?

That came from nowhere, however, its came from your credit, that's how the money is printed.

Did you know?

Why does the United States print money?

Because it has credibility, everyone thinks it has credibility, so why do people ask you to trust the U.S. dollar?

Because of the United States, do you think that because the United States has jobs with it and has innovations, it should not go into debt. If I go to him to ask for money with dollars, will he still return it to me?

If I go to the United States to buy McDonald's, he should give me a big Mac.

Then you believe him, so he has credit, he has credit, and he can print money, so money is not created out of nothing, but it is close to being created out of nothing. He has credit. This kind of thing is impossible to catch, but you believe him, and he prints money, and I can print money.

Come on, let me write one. Each person has 100 yuan. James money can also print money.

Didn’t you also accept the gift voucher from Starlight March?

You also received the coupon, didn’t you?

That's money too, you know?

For the central bank, that is money, which is money.

So the US central bank is saying that all coupons and all that cannot have expiring day money.

How can there be an exciting day?

Not possible?

No, it’s not possible.

So for money, for example, if you buy a product for 100 yuan, he will give you a ten percent coupon. That is not allowed. Is it not allowed to be expired in the United States?

No, because that is money, which is money?

Right?

Okay, so money is i o u.

I, I, you, you owe me, anyway, because the US dollar is universal, there is no one who owes it to whom. Anyway, everyone accepts the money, then everyone is a creditor, then you own the money, you are the creditor, then you pay the service and get the money, you go, you are equal to repaying the debt, then you get the creditor's rights, the money is flowing like this, so will the money pressure increase?

Of course there will be more and more, because everyone’s express delivery is getting higher and higher.

Haha, do you understand what this means?

The house, originally this house was here, in Da'an District, originally it was only 5 million when we bought it, but now it is 80 million. Is there any additional credit?

Is there any?

How much can you mortgage for 5 million?

The maximum mortgage is 5 million, but now the market is saying 80 million. If you go and mortgage it, it will be at least 60 million. So how did this credit, that is, the 60 million come from?

It is determined that this is not the asset value, but your credit value, or two values, and you can print money.

Then you can use a company to mortgage you, you can use yourself to mortgage you, you can also use real estate to mortgage, you can use gold to mortgage or transfer money, as long as there is something physical or something with credit, you can print money.

So do you think the credit will be used up now?

Without credit, many people still have no money to borrow, so the money is still not settled.

Then when money keeps being printed, money will become less valuable and things will become more and more expensive. Now that interest rates are getting cheaper and cheaper, then money will become less valuable. Of course, real estate will rise, and of course stocks will rise.

So I say that the sound of an interest rate cut is worth ten thousand taels of gold. As soon as the interest rate is cut, rush in and buy. You can borrow as much as you can and buy as soon as possible.

If you don't want to buy real estate, Taiwan's real estate has also risen, and U.S. real estate stocks have also risen exponentially.

It has increased because assets have remained unchanged, but if you want things to depreciate, of course they will grow. It would be strange if they don't grow.

This doesn’t require any economics, this is what it is.

Okay, take a look, this is a nuclear bomb-level explosion. Over there, it was 9 o'clock in 1934, S V I was 9 o'clock, now it is 3,380 o'clock, and it was set at 3,880 o'clock this morning. You don't know what this means?

It doesn’t matter if you don’t know after a few years, we will figure it out for you later.

What I caught at that time was 9.2 points in 1941. When it reached 2,000, it was 3,581 points on September 3, 2020. After 79 years, it has increased 3,240 times, divided by 33,300.

I made a mistake in writing this. 3240 and 33580 should be 3580 divided by 9.2.

That would be more than 350 times or 352 times.

Calculated using 352 times, that’s a return of 7.7 percent, an annualized rate of return of 7.7 percent, plus two percent of dividends, it’s 9.7 percent.

So let me tell you this, that is, this line is never change. What does this line represent?

The growth of our humanity, the growth line that I just told you about our humanity's efforts has not changed, so this money will always be there, that is, the value of our humanity will be like this, and at least the United States will continually generate this ten percent grow.

So if you invest in the United States, you will have a return on your assets.

ten percent That's great. Is this the result we get 45 times?

Then you go invest in this. Calculate how much you need to invest every year?

How much to invest each month?

What year did you arrive?

How much money will you have?

Do you think that's enough money?

So can you retire?

Do the math and you'll know whether you can retire or not.

You do the math and you'll know when you can retire.

This table, then this is the truth, you have to believe it first, then we can continue to talk about it.

Then if you say that stocks don’t keep rising, then I can’t go on and you can’t invest, because I told you that stocks will keep rising, but some people don’t believe that stocks will keep rising.

Then you say that Android has been reached by aliens, then you have nothing to use, and your money is useless. Anyway, everything you do is in vain.

OK, now that the nuclear bomb casing war has broken out, is it still useful for our investment?

I think it is still useful, but many people think it is useless, because you invest in 500 companies. Our United States has gone through World War II, World War I and World War II, the financial crisis, and the King Road Bubble. War has not happened before. Trump is in danger of the new coronavirus this time.

Then think about the assassination of the President of the United States. Who was that person called?

Kennedy, how long will the stock price fall at that time?

Two weeks gone.

One person's impact on the world and the stock market only lasts two weeks at most.

Don't think how great you are, not even two weeks are great enough, no more, hahaha, OK, so don't worry too much about these things.

OK, well, the market fluctuates in the short term, but not in the long term.

Well, if 390 times is calculated according to 390 people, we will use the annualized headshot rate of 390 times in 1979. In fact, it won’t be that bad.

10. 7 That means it’s getting better and better.

This pronunciation tells everyone that if you invest in stocks, how much will your original one dollar rise to in 1801?

750,000?

755,163 750,000.

Okay.

But if you invest in bonds, you only have 1,083 yuan.

If you want to invest in treasury bonds, the period is shorter than 5 years, which is 301 yuan, and your investment in gold is only 9.5 cents per dollar. If you exchange cash for 0.06 yuan, who do you want to be?

You only have that choice, no now, no other choice.

There is no other choice.

What assets are allocated to many people?

I tell you how to allocate your assets. You tell me that I am very safe. I have a return of 1.0.565 PERCENT. I tell you that your return of 5 PERCENT is 7 times in 40 years.

Now among the same 1 million people, you only have 7 million, and I have 45 million. How do I live and how do you live?

The more conservative you are, the pauper you will become.

That being the case, what should I do if I lose money on my investment?

There will be shocks in the short term. Look at all the shocks ahead. Aren’t they terrible?

But it is very safe in the long run. Bonds are not very volatile anyway. If you look at a line, every line is a line. If there is no shock, it is the most dangerous. Do you know?

Their salary is 750,000 yuan, and your salary is 1,000 yuan. You live your life as they do, but you are still sweeping the floor.

People are eating shark fin and scallops, do you understand?

You are still next to him.

But you are sweeping the floor, you are serving the dishes, but others are having a big meal, it is so different, so I am not saying that serving the dishes is not good, because we have been there too, labor is an inevitable place, we are not born to be rich, but you want to change?

Then you must not go to the bank just because it is not easy to make money, and they will deceive you into investing, such as gold, leaving some cash to buy a treasury building, what should you buy?

If you review with capital preservation, you will still be a pauper, and it is impossible to become rich.

It's the bankers who are rich, not the bankers, do you understand?

So you must invest, do you understand investing directly in stocks?

When it comes to stocks, don't choose individual stocks. If you are a single stock, you will go bankrupt. If you choose the index, you will be rich.

Since you don’t do things that guarantee wealth, if you want it, what else do you want to do?

No, don't change your tricks. When you have some experience, slowly learn from me, or listen to my YouTube, and slowly learn how to choose individual stocks.

Speaking of which, I also have a few stocks for you.

Then copy it.

You should at least copy the homework from me first, and then you can figure out your own solution after copying what you feel is right.

I'm not saying you shouldn't make your own choices, look at the stocks I choose.

You guys go and see my YouTube, no more than 6 is enough for all my belongings and I can’t even buy all the apples.

If I buy Apple, it won’t go up a penny more.

Understood, there will be no shock, you understand, right?

Don't think about how great you are, but be sure to choose 20-3. Without you, 5, 3, and 2 are enough. Would Buffett blackmail Buffett today?

Just one Coca-Cola is enough to turn Buffett into someone else, right?

Are there any other stocks?

No.

Next, if Buffett wants to remain Buffett, only Apple will be left, do you understand?

Nothing else matters, because Apple accounts for 50% of it.

Yes, it's the same. If you choose individual stocks and give them 20 stocks, it's the same as the index.

We have discussed in our mathematics that as long as you choose more than 10 stocks, this poison is close to the index. If you choose more than 10 stocks, it will approach the index.

Suppose you want to beat the market today, you buy QQ q, and then you use twenty ten PERCENT twenty percent to select 3 stocks.

To choose 3 big white horse stocks, it's simple. You can catch them as soon as you think about it. But if I ask you to catch 10 stocks, you won't be able to catch 20 stocks. If you catch them, they will all become average.

Okay, then if you research carefully, you are guaranteed to dig up landmines, because companies that really make money don’t need to dig up, they will definitely surface on their own.

He's right, I can't float out.

How can it be a good company? I can’t even convince myself.

How can it be a good company?

A company that you have never heard of is definitely not a good company, at least not your company, because you have never heard of it. If you are in your field, you will have heard of it, right?

For example, in our electronics industry, we may know about a few special companies, such as NV. Maybe we heard about it earlier than you did, but you didn't. Why can't you hear about it in this industry?

Then you don't buy it, that one is within your scope, so that is surrounded. He said that within the circle of competence, you go to find your company, and as long as you find one or two stocks in your v Chinese, you will become Buffett.

Let me tell you the truth, because of that Midea company, do you know how many times Apple has risen from 20090 to now?

The 50-fold increase did not start in his lifetime. He only increased 50-fold in the past ten years or so.

That's enough, choose 8 bits.

Is it so difficult for him to choose apple?

It's not difficult.

Is it so difficult to choose Starbucks?

It's not difficult.

Is it so difficult to choose Amazon?

It's not difficult. These are companies that will increase 50 times in 40 years.

Is it difficult to choose Tesla?

It’s not difficult at all. It’s all right next to you, and you won’t even pick it up if it’s thrown at you. You still have to dig it, and make sure it’s dug into the ground.

That’s good, I understand what this means, don’t dig for stocks. If you do dig for stocks, they will definitely not grow.

You just dug it, and many people have already grown it. Do you understand?

It’s better to invest in the seedlings that have grown earlier. Don’t dig up all the landmines. That’s why I don’t like to research stocks. That’s why.

For stocks, there is no need. You still have to study it, which means it is difficult to understand.

There is no need to invest in business models that will definitely fail. Truly successful business models are all very simple. You can tell at a glance that they will make money. A credit card processor takes a swipe and money comes in, right?

Oh, then the delivery is always done. How many times will you order it?

Arrived on time every time.

Wow, this is amazing, I tell you this makes a huge difference.

When I was in Taiwan, the Carrefour restaurant was naturally good and very punctual.

But their system is very poor. Of course I order more than a dozen items. I often call and say, oh, this tofu is gone, otherwise this sugar-free one is not available. You don’t want to pay for the sugar one. What kind of system is this?

Hahahaha, it’s already pretty good. He even called you to ask and you said yes.

Okay, this one doesn’t have garlic, only garlic granules.

I said it was a whole piece, and he asked if it was a small piece. I said it was fine, but that one was not on the Internet. The only one I could choose was this one, but he said that I had to use another one, and that one was not on the Internet.

So you have to know how powerful Amo is, and you can tell the difference from here.

Very, very powerful.

Okay, I placed more than 20 orders, but only 8 of them were closed, and the other seven or eight orders were not closed yet. It has been two weeks since the second shipment was delivered, but that order is still undelivered.

You know the system is very strange like this. Maybe after they handed it over to the freight company for delivery, the system did not report back and the money was taken back, but, hahaha, there was no write-off at all. Yes, you are totally sorry to adjust their warehouse inventory.

You will know that this difference is too big. Look at Mr. Amo. You can see that he has two left. After you click, there is only one left. If you click again, it will be gone and the inventory will immediately change to 0. It will not let another person place another order.

Sometimes there is only one left, so hurry up and order it. It’s gone because someone else has already ordered it. Without him, there will never be that kind of mistake.

No, so you have to know this system, so if you want to invest in a company, you must do this.

When I made a general reservation at M, I called the customer. Did he answer the call immediately?

Did you ask me questions right away?

Soon I opened the door like sometimes when someone says it has been delivered, but there is nothing there. I will write an email right away. You say it has been delivered, but I haven’t seen it yet, and the caravan will jump over immediately.

We're already sending another one, it's already shipped and it will arrive tomorrow.

He made it faster, but I didn't believe it, so he would send it over tomorrow.

There was another one I bought. I said, oh, I want to return it. Why doesn’t Wang Lu let me return it?

He said, oh, you don’t need it anymore?

I said I don't need it.

Oh, so, then you can keep it, we have already returned the money to you.

I said no need.

It doesn't matter, then you can give it to those in need.

Why was it not worth it for him to charge me and send it back? Because it was only 20 US dollars. He said you should just keep it. This is a very efficient company, very effective.

I once had this salary. I wanted to buy something when I wanted to go back to Taiwan. My flight was on Friday, but they would only charge it on Friday. That would be a disaster for me. I said I had finished placing the order. If it was a disaster, I would send you a ticket. Please deliver it on Thursday. After that, I told the manufacturer, "Are you asking me to postpone it until you come back?"

As a result, the manager immediately said you send it out overnine, and immediately set fire to the vendor. You just sent it, and it will be delivered tomorrow. You will deliver it tomorrow.

Alas, they are digging for your orders, and they are digging for all your problems.

You tell him that I have to get on the plane on Friday, so can you please come one day in advance?

I wrote on Monday and placed the order on Tuesday. He had to deliver it on Friday. I said no, no, you have to deliver it on Thursday. But the vendor said, oh, can I wait for you?

Did you ask me to wait until you come back from vacation and I will send it there?

Before I answered, I saw the following email. It was the one from Amazon that said you send it overnight and called the instruction Server. I, Li Yansan, received this and it was Amazon. Do you understand?

So you need to know that the company you invest in should look at this. You must go to touch their customer service. If you don’t hang up, they won’t hang up. Just press this. So this is an individual stock.

Okay, so the index we are talking about is in the United States. If you want to invest in the United States, you want to buy the QQ index. What does QQ include?

Apple is at 12, Microsoft is at 11, Amazon is at 8, Facebook is at 4, Google is at 8, the two Googles together are at 8 Intel 2.88 come case 2.28 Cisco 2.18 Casey 2.08 This is the old one, I will show you the new one, you can see the Cigu clearly, I will show you the new one.

Sub-stock, this machine does not have browse.

Yes, let me show you QQ q.

Hey, how did you send a case?

Okay, if you look at QQ q, it has holding.

If you look at the holding, look at the holding, the one before me is the previous holding, then look at the new holding, it has Paypal, and my individual stocks also have Paypal, so why did Paypal rise so much before?

It is migrated to the index, OK, so it is equipped, so this is new, and mine was old before, so you have to take a look.

Oh, there is MVD here, there is Adobe, you see there was a CAM case just now, but now the CAM case is gone, right?

Oh, so this is new so you can watch it.

So what are these?

After the competition, the bad ones are eliminated, and the new ones come in.

So when you buy this, you don’t have to choose stocks yourself, he will help you, they, he will help you choose stocks.

Alas, Tesla has also come in, OK, you see, I didn’t know that Atela came in, hahaha, Atela has not entered in the past two days SPY, and he has added himself in QQ.

Yes, that 3 point seven u 68.

So you don’t have to pick stocks by yourself first, you are very good at them. If you want to pick stocks, pick one from here. If you put more pressure on it, you will beat it, because you are familiar with it, so this is the key to your investment. Don’t pick stocks, and don’t do buying and selling. Who knows whether it will rise or fall tomorrow, nobody knows.

Yes, yes, that’s it, you choose it yourself, isn’t that what it is like a?

If you really put pressure on a stock, you will be very good. If you dare to put pressure on a stock, you will be very good.

So don't choose it yourself, because he has already chosen it very beautifully, and you should not be able to choose him.

Because the performance of all the 99.99 base brokers is inferior to him. If you want to beat him, you can, in fact, you, we will be better than the fund brokers. Why can't the fund brokers invest 30 in the test?

You can do it.

Got it.

The fund manager only stipulates that you can only invest from 5% to 10%, and you can buy 10% if it cannot exceed 10%. As long as the price rises more than 20%, you don’t have to sell. You are not told to sell, but when you sell, you cannot buy it back because you exceed 10%. Do you understand?

Okay, so this is the index, then SPY I won't look for it anymore. APY should have been changed, SPI should have been changed, and component stock s b i has also been changed. You can go look for it, no problem.

For those in Taiwan, you can use multiple commissions to buy QQ q.

Now I don’t see most people buying SPY anymore, and I no longer recommend them to buy VO.

SPY You can see that its shareholding ratio is very low.

This ratio is very low. Mike is only 4% thin, Apple is only 48%, Amo is only 4% taller, and Facebook is only 1% taller. Berkshire JB mock should not invest in bank stocks, okay?

Google’s final review for life.

Why?

Among them, if you look at the top ten companies, they only earn less than 20 yuan. The others are only 500 companies. SPI is 500 companies, so you will, if you actually buy SBL, you are buying some very bad stocks. Do you know?

So you see how beautiful QQ q is.

This is, look at these, they are quite beautiful, but here they only account for 20%, and if you go over there and add OnePlus, they will account for 50%. This is an investment.

What if you choose between these two?

If you choose this person compared to this one, you are still a pauper.

Do you know something?

Although we say that ten pas can already make you rich, but the person who chooses this is not worthy of being rich. He is a rich man's rich man.

What's the difference between your 15-year-old tail and your 18-year-old tail?

What is the difference between the tail of 15 pa and the length of ten pa?

1. How much do you think it will be in 40 years from 15?

Yes, you are 45 times and 260 times more, one is 40 million and the other is 260 million. You are still less than his 60 million. Do you understand what this means?

So I tell you, oh, investment is level one. After seeing level one, you don’t want to pick individual stocks, and you don’t want to operate. It’s as simple as that. If you choose one of the two, you have to choose the right one and you can become rich. You can become rich here, and you can become rich here.

Does multiplying by 5 times mean multiplying by 5 times?

Is 2E6 5 times as much as 45 million?

You are five times as rich as a rich man. You want to use it in this area, not in stock selection and operations. Do you understand what this means?

It is very simple to use precedent in the right place. If you choose one of the two words, you will be chosen quickly. Then you will be 5 times worse.

For people in Taiwan, besides paying me to buy more QQ, you can also buy funds. Your fund is the Franklin High-Tech Fund, and you can also buy it.

OK, this fund also performs very well in the long term.

Then his holdings are only the following ones, and his top ten account for 28 of them.

Oh, what I have in it is the Microsoft distribution ticket, and it also has some of these three levels, but I don’t have the other ones, and it has it, and that’s it.

Then let’s look at the Morgan Stanley U.S. Growth Fund, which accounts for 49% of the top ten. I have square, he has Amazon, and I have it.

He has.

But what does he have?

He has room, I don't.

He has Spotify and Shopify, which are both underlying stocks, so this is the best performing fund among them, better than QQ q.

OK, you can also consider it.

That means their stock picking skills are still good. You can see that he did 58 out of 10 single pressures.

That means that his investment is concentrated. It should be concentrated, not diversified, and don't be happy that many people allocate whatever assets they want, otherwise they will become paupers after allocating.

If you do the math, 5 times is very good, seven times, 6 times, 10 times are also good, but compared with 260 times, you are still a pauper, right?

If someone does first class, you still do delay. Do you understand the meaning?

There is no way, this is one, so I tell you that assets are level by level. You need to know one level first, and then you know how to jump to the next level. After you go to the next level, I will teach you how to borrow money to jump to the highest level. Do you understand?

You have to compete one level at a time. Of course, you have to do it right and know that this level is right. Then go to the next level and do it right again. Yes, and then do it right at the next level. Finally, because it means, oh, do you understand the investment method that can make the most money in your life?

But you should never borrow money to speculate in weak stocks, otherwise you will go bankrupt.

Don’t do insurance on a few things. Don’t become rich without insurance.

No, the more secure you are, the poorer you will be.

Don't buy insurance, because if you go to see you, you give me 1 million. When you are 60 years old, I will give you 1 million every year until you die. Will you make money?

Looks like a lot of money, right?

When you are 60 years old, you already have 46 million. Should you give me 4.6 million?

Why did you just give me 1 million?

If you calculate it like this, 1 million will be 46 million in 40 years, rising by 10 percent every year.

Do you want to give me 4.6 million?

I don’t care if the principal is not returned, at least 4.6 million will be given to me.

Does insurance give you this?

Does the annuity give you this?

No.

I gave you 30,000 or 50,000 a month, and you were already jumping for joy. It was less than 600,000, but in the end, I didn’t even give you interest. Do you think you are happy?

You thought you earned it.

No, insurance will not make money.

What's the point?

Don’t make money from investment, financial management, or insurance.

No, absolutely not.

No, you only have the safest option, which is to buy QQ and go to sleep. The safest option is gone.

You said that when I get old, should I take out some kind of maternity and elderly care insurance?

Why not use insurance?

Will you still need his money when you have 260 million?

No, no, you can hire three servants.

No problem, got it?

So it is safest to insure yourself.

What do you know?

It is the safest to insure yourself. If you go to an insurance company to insure, it will compensate you up to 500,000 yuan or 1 million yuan and it will not accompany you endlessly.

No, no, you paid more premiums than that. You paid hundreds of millions in premiums and you don’t even understand?

Oh, so the first one is no insurance, and the second one is no financing. If you speculate in stocks and raise funds, you will lose your life. You will never see the dawn of the day. Although you invested right, you invested test right, you invested SQ right, but SQ dropped from 90 yuan to 110 yuan to only 32 yuan. Do you know?

Ours is 80 yuan. Many people who bought it for 80 yuan are still making double their profits now, but the people you financed have long since disappeared and will not see the light of day. Do you understand?

Financing is not possible, so don’t invest with insurance, don’t buy things you don’t understand, and don’t get financing.

It is best to borrow money and only pay interest.

The principle of borrowing money is to repay as little as possible every month, and the longer the borrowing period is, the better, because money is becoming less and less valuable, so you should talk about borrowing money first. Can I borrow it for a lifetime?

It is best to sign a loan that can be borrowed for a lifetime, and does not require repayment of principal, only interest.

For example, if I borrow money now, it only includes interest and does not include principal.

I will mortgage my stocks, and the borrowed money will have to be borrowed twice. In the end, I may spend 8 million by the time I die.

There is no capital, it’s not me, I keep spending it?

I spend 200,000 or 500,000 every year. Then if I spend another 40 years, spending 200,000 a year will be 8 million?

Ten million, eight million, don’t I owe you eight million?

But my money didn’t move, so I made 300 million that month. After I made 300 million, I died. My daughter went to mental arithmetic. Alas, 88% had assets. 8 million was deducted from 300 million. After deducting, all I had to pay was an inheritance tax of 292 million, right?

Only the RMB 29,600 will have to pay tax, and the RMB 8 million will not have to pay tax.

Because we have never sold stocks and have never paid taxes. Suppose there is a person today who does not have so much money. He only has 2 million. When he died, he had 15 million, and he used 5 million.

After deducting 5 million from that 15 million, there is only 10 million left, 13 million in U.S. inheritance tax, which is not taxable, so he has never paid any tax in his life.

No need to pay taxes, do you understand what this means?

So why doesn’t Buffett pay taxes?

Because he never sells stocks, he borrows all his money and living expenses. Do you understand?

I'm in the same situation now. All my living expenses are borrowed, and I only pay 2% in interest, but I'm making 10% of my money.

It doesn’t matter how much I spend when I die. I will never spend more than my total assets. I use my total assets to deduct my liabilities before the inheritance tax. Then if the inheritance tax is still included in the exemption, I will not pay any tax in my life. Do you understand what this means?

So I can cold coffee very fine coffee to save the emergency and be coffee is a person's two feet, the first 4 feet.

You make money very quickly, and your work is definitely not as bad as this. You borrow money to earn those eight legs, so how can you beat me?

You can't beat me. When you spend money to buy a car, you spend the money, right?

My money has not been spent. If I test and buy another one, I have not spent my money and I don’t have to pay tax.

You know that if you buy a test, you can get a loan. The loan in Taiwan is 2.58. If you buy a test, the loan is 28.

Then even if you have money, if you allocate 5 million alone, you don't want 5 million, so just borrow money, just borrow 2.58.

You can invest your 5 million, and the money that turns into 10 million in 5 years, and that car will be given to you, free of charge, free, right?

Is that so?

Is it free?

It's free.

Then don’t be serious, I am a rich person, this is money.

Why are you becoming richer and richer?

Because the interest rate is very low for rich people, if I go to borrow money, if someone with no money only borrows 8, I will borrow 3 million, and the interest rate for someone with 30 million US dollars is extremely low.

You borrowed 500,000 U.S. dollars, and I told you to counterattack four parties.

Because the less you borrow, the worse your credit is, and the higher your interest rate is. This is very simple. I have good credit.

Why?

Why can these Apple borrow money for 40.45?

Yes, if you have money, the richer you are, this is the capital.

This is the way society is. The richer you are, the richer you are, so you have to become rich first and then borrow money, and the interest rate will be very low.

Got it.

Oh, then BlackRock World Technology Fund is also a good fund. I can’t tell you which one is really better. If you really can’t help it, why don’t you just buy each one?

It's very simple in Taiwan. Can it be deducted for 3,000 yuan?

Deducted a fund?

Then you said it's okay for one year, and you can deduct 1,200,12,000 a month, so you can deduct 3,000 each?

I can't tell you which one is better, so if you say all 4 are available, it's average.

Then you go to PayTong to open an account.

What payment network is it for?

Open an account with Alipay, because the handling fee of Alipay is relatively cheap. If you go to the bank, it is at least 1.3% off, and at least 1.3% off the handling fee. But with Alipay, you can get 10% off or even 0% off the handling fee. Sometimes he will give you 0% off handling fee on your birthday. Do you understand what this means?

So if you open an account one day, and suddenly one day he says, well, if you only need to buy a fixed fixed amount of the fund this month, your handling fee will be deducted if I buy that one quickly, and the other money will be deducted, so just buy this one immediately with 0 handling fees. Do you understand?

In the end, your funds will all have zero handling fees, do you understand?

The funds I'm thinking of, BlackRock's Franklin Clifford, Morgan Stanley or Morgan Fund, can all be bought on Wutong. If you can't buy Franklin High-tech Fund on Wutong, you can only buy it at Franklin Investment Consulting.

Then if you feel you don’t want to do that, just buy these 3 funds.

Then if you buy QQ q, you still have to pay a handling fee. It costs 0.50 to buy and sell. Maybe you get a discount of 0.38. Do you understand what I mean?

Oh, beef this and that.

Yes, it's possible, but it's still 0.25.

But if you go for a 10% discount, you’ll only get 0.3% off, so you won’t have to pay for it if you sell it, right?

But you need money to sell in Q1Q, but I invest in the long term.

As long as it lasts for a long time, the expenses are really very small, and it doesn't matter even if you have three parties, it doesn't matter if you change like me.

I'm like Morgan Stanley in Gushua. The American Growth Fund with very good performance is represented by Cathay Swamp, so it's 45% off. The 45% off is 1.3%, so I just buy it and forget about it. I bought it but didn't sell it.

Hey, let’s do some charity.

That's it, you don't need us because you have too many accounts and it's difficult to deploy troops, right?

So you focus on one.

Yes, it is actually very good if you focus on an ancient judicial system, because their software and AI are very good.

As for other companies, like some other companies that cannot reinvest when buying funds, they can't buy accumulation funds, but in ancient times, you could still buy accumulation funds.

You want to buy a cumulative type rather than a thick buckle.

Some investments won’t be used after four years. Don’t you know there are many expenses involved?

Hidden fee: You don’t know that you are buying C shares, which are normally A shares, but the performance of C shares is worse than that of A shares.

I understand, so you have to know, you just don’t know that this hasn’t changed.

Do you think the handling fee is waived?

Okay, I just want to invest for the long term. I have 4 years. In fact, there are a lot of fees. I use part of the OK fund’s guarantee fee for consumption.

Yes, if you buy funds from a bank, there is only a handling fee of 0 points 2/1,000.

But if you go directly to Franklin Investment Consulting to open an account, you won’t understand the custody tax. Without this custody tax, it can be calculated through the bank. You are very simple. You return 10 PERCENT. Suppose, oh, then you deduct 0.2 percent, then your rate of return is 9.98 percent. You will make 9.98 unwilling to calculate your long-term tail, right?

That's it.

Well, if we pretend that we are now suggesting that I raise all 200,000 by one chicken at a time, or maybe I can raise it by 1/3 or 1/4 first, and then see if there is any later, did you know last year that there would be a crash in February this year?

No?

Did you know it would rise so much in September?

We don’t know, so we don’t know anything, so you don’t know that if it starts to rise now, it will suddenly drop to 28 a year later. However, from now to one year later, it may double and drop to 1, and the drop of 28 will not be as low as it is today.

So let me tell you, since the market keeps rising, the sooner you buy expected value, the better.

That's just not the case. You know me, if you increase the probability, the earlier you buy it, I could have bought it 10 years ago. It would be better than buying it now.

If you buy in batches, it will only become more expensive the more you buy, because the market will only rise higher and higher, right?

Isn't the algorithm for the expected value like this?

If the annualized return rate is 10%, you can calculate how much it will increase every day, right?

Then you know your expectations. The later you buy, the higher the price.

So I am involved in one thing, the biggest disaster in investment is due to.

So I often buy things as soon as my friend’s money comes in, and I buy them all in the next second, without leaving any cash at all, and I act very quickly.

Okay, then I’ll finish the purchase as soon as I can go in.

Yes, I will definitely buy it when I see the money, because I can't bet on whether it will rise or fall tomorrow, so I can't explain it.

Look, you said that if I buy it right away, I will have an explanation. I just don’t know that you only have money at this time, so money has a destiny. You know that money has a horoscope. When you get that horoscope, it will be his horoscope, and he will buy it. Do you understand the meaning?

Don't you want to help him decide his fate anymore?

No, you have, you are not God, you have no way to decide.

Okay, so let me tell you this investment principle, buy it if you have money. If you have 300,000 yuan, buy it in a single transaction. I really don’t know which one of these hundreds of millions of funds you would like to buy.

But it doesn’t matter, you can just buy it in a single transaction, just buy 50,000 per transaction, you can buy 50,000 in each fund, or you can buy all 1, 5, 200,000 in the same fund, because this fund is already spread to so many companies, I don’t know what he has to choose from.

Yes, then you may be able to tell from my side which companies you prefer?

It seems that in this cross, oh, in this fund, it seems that I like the companies in this fund better. I bought them because they were more likely to meet you, and that’s it. Nothing else.

So if you look at this, oh, how many years is this, how many years since 2017?

In three years, Franklin and Gauck have doubled on average, Nasdaq has doubled, BlackRock has risen 1.5 times, Morgan Stanley has risen 1.5 times, and Morgan Stanley Technology has risen 1.5 times.

You see you understand, from here you can see three years.

Three years is long, and one year is registered. If you follow me three years later, you will lose. I am much better.

You have 10 million, I already have 15 million.

Then if you continue to go forward, you hesitate, you are hesitant, and you will not buy money if you hesitate, then you should hurry up and open an account, and he will hurry up and do it, and he will regret that the bank will not open tomorrow, otherwise he will open an account tomorrow.

Yes, so you should invest the money quickly and don't let him sleep without any benefit.

You may buy it and it will fall tomorrow. This is possible, but you have no choice.

With the Winter Olympics, you have no choice. You just need to calculate how much it will rise in five, ten, or twenty years.

So ignore short-term risks and long-term wealth, you know?

This is how we invest. Only by ignoring the risks of eye disease can you make long-term financial gains. Only by ignoring short-term risks can you make profits.

So Buffett said, I am not worried about short-term shocks, as long as I am sure that I will make relatively high profits in the long term.

If there is one that is not volatile in the short term and has low returns in the long term, and one that is very volatile in the short term and has high returns in the long term, of course I will choose the one that will have high returns in the long term. How can I choose the one that is high in the short term and has low returns?

Since stocks are trading, bonds are not volatile in the short term and have low returns in the long term, so the risk is the highest.

Understood, so in ten years, Franklin has increased by 9 times, Nasdaq has increased by 12 times, BlackRock has increased by 10 times, and Morgenstern has increased by 12 times.

Then your 10 million will still be there in ten years. 10 million, I already have 100 million.

Will our lives be much different?

Yes, this is the difference between the poor and the rich. It is not about how hard you work, or your salary plus 3 PERCENT 5 PERCENT.

Not included.

Let me tell you, as long as you invest 6,000 yuan a month, whether you are a delivery boy or something, you will have 30 million yuan.

No, it’s that simple. Nowadays, many retired people have less than 5 million except for a house. That’s too much.

You have 30 million. If you have 60 million more and buy a new house worth 30 million, you can still keep 30 million.

So I often say, young people, you don’t have to buy a house from the beginning, because as soon as you buy a house, your money will be used as a match, and then you will have enough money every month. As a result, you will always be left with a shabby house and nothing after 30 years. This is wrong.

Let me tell you, if you want to buy a house worth 20 million, and you want to allocate 2 million or 3 million alone, you must first have 6 million.

After you put 3 million in, you still have 3 million to invest. You have to have two feet to run. Don't just block it. You only have one foot. In the end, you will be left with a broken house.

Many people like my father end up with a broken house and no living expenses.

Yes, we still need to support him.

Well, he said he wanted to sell the house, so where would he live when he sold the house?

Now that I'm older, I still can't live in a house. Do you understand?

So you want to buy a house, but definitely not that early. If you want to buy a house for retirement, then when you have 300 million or 3 billion, you can get 100 million to buy a house. That’s enough. How can you buy it as you like?

You don't have to look at other people's faces, but you don't have to buy it so early. If you buy it so early, it will be like my father, who left a house that was not very valuable and spent a lot of money on it. Do you understand that?

I don’t want to buy that front end. He’s worth 3 billion now. What kind of house does he want to live in?

No, but I spent so much money on the house, but now I can’t sell it for 30 million. Do you understand?

So don’t buy a house. The house will only get older the more you buy it, and the more you live in it, the older it gets. Houses that don’t get better as you live in them are rising in price. They are all wounded by arrows. They are rising. How can it be your turn to rise?

You can grow those who don't have your turn, but even if you grow, it's only superficial. People eat and drink meat, but you only drink soup. People are hurt by eating meat. You make money as soon as you build 30 billion. You have earned 30 million in ten or fifty years. Do you think you are happy?

No, you are simply eating and drinking soup and still losing money. You are making less money than that index or that stock.

Because you pay off the loan in 20 years, you will make no money at all in the remaining 40 years, do you know?

If you don’t move, do you think you’ve earned 30 million?

You have to know that you invested 20 million and finally earned 10 million. Do you think you made a profit?

You don’t make any money, you still lose money, which is worse than bonds.

I understand, so don’t buy a house in the first place.

I’m not saying don’t buy a house, what is a house for?

For retirement?

Then the later you buy it, where did you find it?

I am 50 years old. Like we say now that we need to buy a luxury home, in fact, I don’t want to buy one now.

Why?

Should I stay in a hotel?

No matter how beautiful a hotel I want to stay, I will stay in it. I don’t even have to worry about the maintenance of the house. I need to eat, and the meal will be here without ordering takeout. I am in a big five-star hotel with everything in it. If I stay in this hotel and I don’t like it, I will move, and he will not tell me not to stay.

You are 100 years old, so he welcomes you to live here, right?

Is that easy to understand?

This is my current point of view, you can live wherever you want.

Well, that's the cost of those fifty-odd ones just now. Hey, he will have some changes in these ten years.

It will be replaced from July to August.

From July to August, when I was just doing it, I had already changed it. Everyone would change it if I checked it. They are active funds, and they would change active funds, so you check it every month, but you have to believe that the management team is the same, so why should you buy a fund from a large fund?

Well, you shouldn’t buy any small-cap funds because their entire company is poorly managed. Just because they are good now doesn’t mean they will be good in the future.

I understand, so you have to buy a large fund, such as BlackRock, Morgan Sternia, or Franklin, which is a century-old fund company. For the sake of their credibility, they manage the funds in it quite well.

Understand, then we have to carefully select funds again, it is not that easy.

If you want to see, I will choose these 4 funds. I have accumulated resources over the past 12 or 30 years to select these 5 funds.

Do you think choosing funds is so good?

If you choose to find a needle in a haystack, if you go to the bank to buy a fund, you will definitely buy a land mine.

How could they sell Nihao Fund?

Because Nihao Fund has no formalities and no rebates, and because everyone wants it and they don’t need you to sell it, most of them don’t promote it.

Should we promote these easy-to-sell funds or not promote funds with good performance?

They can get three or three rebates for selling a fund. Why does he get no rebate for selling a fund? Do you understand what this means?

So when you ask Li Zhuan, you buy most of the mines. You even ask a relative to buy them, and he also buys them from the same place. Why?

Because he doesn’t understand, he’s not lying to you, because the company said this combination is the best, so he introduced you to this combination. That’s not him lying to you, it’s what the entire bank is doing. Of course, the bank is looking for someone to sell it, and it’s starting to promote these funds today, so why is it best to talk about brain rebates, right?

Then you will definitely buy landmines.

This is my sister. Yesterday, I left a message. A friend left a message. He said 00750050757 and asked me to analyze it. When I saw it, oh, it is the index of Taiwan's FANG. If you look at the stocks he bought, test accounted for 148, apple accounted for 98, Amy Point accounted for 98, Alibaba accounted for 88, Amazon accounted for 888, Facebook accounted for 78, Twitter accounted for 78, needs accounted for 78, Google Accounting for 78, OK, Baidu and 68, these are very good companies.

Well, so this fund is pretty good so far, so if you want to buy ETF, then you can buy 0050 and TSMC. If you have a securities number, you can directly buy this account. If you buy 00075 T per year, you don’t need to pay any entrustment. That’s it. But don’t buy Doha, because I am not very familiar with the same security, but it looks good recently.

And it has only been on the market for less than two years. How do I know that it will go crazy next year? So if you buy this kind of fund, you can watch them exchange shares.

Every month I have to check to see if he has gone crazy, if he has been operating or messing around, if he has bought some crappy stuff from this company, and is increasingly selling the good stuff for crappy stuff?

Then run away quickly, did you notice?

Oh, what about this?

This is a problem. This fund needs to be monitored. Its performance in one year is 66% higher than QQ’s 33%. However, it is better than ARKK. A fund in the United States is an active fund, which is 85% in one year.

Because AIKK looks at two companies, Tesla and SQ, which were released less than two years ago, have a performance of 91 in the 75th period.

Including QQ 63, but it is a little worse than a I K 105, do you understand?

Oh, then you can buy this. This is my new discovery YouTube. If you leave a message, I will take a look. It will be helpful to everyone. So in general, 757 is good and its performance is okay.

So in Taiwan, you just buy this person called a monitor. I don’t know how to monitor because I don’t have one.

Haha, I just said this is good and convenient, because if you can buy TSMC, you can buy this, and you can buy it if you always have a securities number.

This is great. Don’t touch me if you buy it. My slogan is very simple. If you have money, buy it and hold it for a long time. If you don’t sell it to death, you will be rich.

Right?

Why can't I be killed?

Hey, don't yell. Do you understand that you will regret it after you buy it?

Buy it when you take the first step.

Yes, you will never regret it. If you don’t love me, there is no need to sell it.

Explanation, but you said buying indiscriminately, you will always regret it if you buy it, and you will have to operate it if you buy it. Why?

Alas, it has fallen again, but if you buy something that you have confidence in, you should buy more if it falls. If you have money, buy it for it.

I launched it at that time and it kept falling until the end. If I buy 360, it will rise to 2,500. Does that mean?

How much do you earn?

I made 8 times the profit in that one round.

Is it so profitable?

Just keep buying that one. Who dares to buy it from 1,000 yuan or more than 1,000 yuan to 350 or 360 yuan? But if you believe in him, you will keep buying it.

OK, this is their Morgan Stanley U.S. Growth Fund that I caught. It is one of our four funds. Its three-year return rate is 156%. It has been 85% this year. It has only beaten FANG.

That's the 0757, understand. The one I'm mainly showing you is the 75G, which is very good.

But it still lost to the Morgan Stanley U.S. Growth Fund we recommended. Do you understand?

So don’t just buy the 757.

Oh, you should even be able to buy the one after him. That is not what I suggest. If you compare their performance, it will be bad. It dropped to 46. You see, oh, that one dropped to 40, 45, 46. This year, it is 45, 46. We will not do it in the year just now, so don’t buy it. If it is 130 in those three years, we have been in it for three years. We were all at 150 in the three years just now?

Well, 150, 130 is still relatively bad, but 150 is more normal, do you understand?

So if I haven’t introduced it, theoretically you shouldn’t buy it, and don’t ask me.

Of course someone asked me about 757, so I went to take a look.

Alas, I got a good suggestion, but you, if you don't dig, don't dig, you will dig to the ground.

Otherwise, if you find it, you can research it yourself. Like me, you can check the performance by just typing two words.

You just need to go to Franklin High-tech, click on Google Franklin High-tech, go to Sina or something to see if it is called DJ Manny or some other website, and compare its performance with today's, and you can select the one with better performance?

Most of the bad ones have been picked out by me.

OK, so you don’t need to read it.

Okay, okay.

Wealth is a gift, happiness is a crowd. So what we are talking about today is wealth. OK, OK, being rich is so simple. Being rich is so simple and not difficult. So I often tell people not to ruin relationships because of money, because money is the most useless. Whether it is husband and wife, brothers, parents, or friends, money is the most useless and money is the most useless. Don’t ruin relationships because of money. It will last longer.

What we are talking about is values. Anyway, you should be with people who have the same values, but you should not argue over money or too much money.

There is really a lot of money.

Oh, I understand.

Being rich is a gift, but the money is already there and you can take it all.

Happiness is the crowd, and happiness is the crowd. You must know that it means you should live happily every day.

Don't make yourself unhappy just because of someone else's words, a thing, or the stock price falling. It is your right to be happy without you.

Don't do it because of online bullying, or the Internet, or this left-right and right-wing Trump and Biden.

Wow, they did it. There is also the unification and independence of Taiwan. The Kuomintang and the Democratic Progressive Party have made it a mess.

Then that's not your concern.

There is no truth in the world, so don’t let this affect your life. Don’t talk about religion with others, and don’t talk about politics with them. None of that matters. It really doesn’t matter.

As long as you have money, live your life happily, because those things are beyond your control.

Can you manage politics?

Otherwise you go and let the politicians.

You just want to be a legislator, you go to be the president, you go to be the executive director, you go to Dangdang to see him, you go to act, you come again, you go to worry again, isn't it your turn to understand?

Just take good care of the safety of your money, take care of your family, and just make him happy.

Wealth is a gift, happiness is a human right, just call it that, and the rest is not our business.

But happiness is a human right, you don’t want to be unhappy, I mean we people really want to be happy, people want to be happy, no matter what happens to you, of course you will be happy.

Money can help you solve more than 90% of your problems, but some problems really cannot be solved by money.

For example, your mentality, after you look at things, how would you like to change with others?

Or if you think something is unfair and you get very angry, then I can't manage it.

Then you have to be more open-minded, there is nothing you can do about it, right?

Otherwise, you don’t know how to invest, don’t buy insurance, or don’t buy it.

Let me put it bluntly, I practice in the United States, and I don’t even know how to identify American treasures. I haven’t bought one. It’s really a waste of money.

In the United States, you have to pay more than 1,000 U.S. dollars a month for treasure appraisal, and two people have to pay more than 20,000 U.S. dollars a year. For me, it is 8 million U.S. dollars. Why should I use 8 million to buy a health insurance that I don’t want to use but will never use?

Let me tell you, SOS only costs 500,000 US dollars from the United States. It only costs 1 million US dollars to heal. Even if you go to the emergency room and have a heart replaced, it only costs 1 million US dollars.

Why would I spend $8 million to buy an insurance policy that I might not use?

No need to understand.

Of course not, that's my case, because I have the money.

But not everyone is rich. If something happens to him, he will go bankrupt.

If you are homeless, of course you need to buy insurance.

But I said, so I said rich people are so nice, they don’t even need to spend the 20,000 yuan. Do you understand what this means?

That one still has 8 million U.S. dollars. Compared with that alone, I have 8 million U.S. dollars more than that alone. Do you understand the meaning?

That’s still 40 years.

That insurance should cover 2-10 people.

Yes, of course, when we are over 65, we will start to appreciate treasures.

Of course, treasure appraisal for the elderly depends on your income. With my income, I may have to pay six to seven hundred dollars.

That's why I won't take out that huge sum of money, but the big old man is forcing you to take over this place. At this time, you are a communist society, you know?

In this way, if you don’t insure it, will it count after 10 years?

For example, in Taiwan, you can still stop the insurance. Let me tell you, Taiwan’s health insurance is not good. Just don’t stop the insurance. Even those overseas can’t stop the insurance.

How can the insurance be suspended?

Insurance means average risk?

How could you say that?

If there is risk, I will buy it. If there is no risk, I will not buy it.

This is not possible.

No, I told people overseas that they don’t need to be like this, so just buy it for them and keep buying it, and you can’t stop.

How can it be stopped?

The insurance is okay, and the choice is okay. Don’t come to the doctor for insurance in the future. It’s too hot to be anxious.

That and this are no longer the case, so you have to practice the Dharma, and you have to practice this, just don’t stop, don’t go forward.

Can you still enter?

No, I have been paying for treasure appraisals all the time, but the time I use for treasure appraisals is less than 4 months a year, which is certainly less than people living in Taiwan.

Assuming I live in Taiwan, my chances of using treasure appraisal are greater, right?

But for people overseas, of course the government still subsidizes some money for treasure appraisal, but it is not as much as for people living in Taiwan. But since they have been asked to stop insurance, then the subsidies are too much, right?

Well, can’t the insurance be suspended?

Now I see this as an overseas person, it means that the insurance cannot be stopped.

How can you stop him from bailing?

There is no kind of insurance, only those who are not insured will be fined, and those who are not insured can still stop the insurance.

Yes, then how can you stop the insurance?

If you don't stop the insurance, you won't say there is any money loss.

Because as long as the child is protected, everything is protected, so if Anna gets up, they can do it.

Well, just average, right?

If you ask him to stop the insurance, you can still choose, but that won't work, no, you shouldn't stop the insurance, and some even want to punish you. If I do it now, you will have to add insurance within 3 years from now on the construction site.

If you don’t add insurance, and if you add insurance in the future, there will be no protection for the past 10 years, the premium will be calculated together, and even the interest will be calculated, right?

This is the only way. You don’t have to be insured, but if you are old and come back for health care at the age of 80 to protect my head from damage, I still have to give you this kind of benefit.

You have to start taking insurance at the age of 30, right?

You are a citizen, you are 30 years old, and I will start the calculation from the day you have a Taiwan passport. When you come back to insure me, I will forget it. It is up to you whether you want to insure or not. If you want to insure at that time, you will have to count everything from beginning to end. This is insurance.

There is no way to come back and be insured after 90 years old, or to have a heart opened and then come back to be insured.

How can this happen?

You can't treat me like this. If you want to get involved in politics, I will call you a good brother and friend, but my family doesn't agree, hahaha.

OK, OK.

This is a table, that is, if you invest 20,000 yuan every year, in the first 20 years, 10% will be returned every year. In 20 years, you will have 100, hey, you will have 110.

You want more than 1 million, 1.14 million, 1.14 million, 1.14 million in these 20 years, 1.1 million in these 20 years.

But if you continue to invest, the first 20 years will run into the next 40 years. In this row, you will make 7 million in the first 20 years, you, you, you, you will make 7 million in the first 20 years, oh, you will make 7 million in the first 20 years, and you will make 7 million here.

If you continue to invest, if you invest in 60 years, the first 20 years and the first 20 years will have 51 million.

So you see, if you worry about others for 20 years, you will be short of 50 million, do you know?

Do you know what it means?

You can't do it even if you use it. I only need to invest in front of me. I will invest in front of you today after 20 years.

Then if my investment in the past 20 years passes through here, it will become 50 million.

If you are later than others, you will not reach this level. You are only at the previous level. Even if you invest for 40 years, you will only have 1 million, plus 7 million, which is less than 10 million. But I am 20 years earlier than you, and I only have 50 million. Why can I retire early?

Why do I have so much money?

Because I invested very early and did the right things very early, I have already reached this level. Do you know that many of you are still at this level?

So if you invest early, the difference is a lot. The first 20 years are much more than the next 40 years. Do you understand?

Oh, this is very important.

Well, there should be, people's lives are very long now.

Hahaha, are people nice nowadays? Then you have to know that you have invested more than 8 million in 40 years. Assuming it is US dollars, I am talking about US dollars. If you invest 20,000 US dollars a year, of course we are talking about US dollars.

So you have more than 8 million US dollars, how much do you spend a year?

What about eight hundred thousand dollars?

NT$24 million, you have to learn how to spend it, because it’s really hard to spend and paint. NT$20,000 a year is NT$600,000. If you can invest NT$600,000, you will have NT$8,000 in forty years, hey.

8.8 million.

How much is 8.8 million?

Out of NT$240 million, it would cost NT$24 million that year, which is a lot of hard work.

24 million, 24 million, it costs 2 million a month.

Well, yes, so, well, if you say 60 years, then you will have 60 million US dollars.

You have $60 million and will spend $6 million that year.

NT$180 million.

NT$180 million, I don’t know how much the d treasure is, maybe I can buy one in two years, one d treasure per building.

Now that the d treasure is not that old and valuable, you may be able to find other targets.

So are you going to rent any luxury house?

I don't want to buy an old house now just for the sake of old age. That house won't be suitable for you to live in when you get old.

You know what do many elderly people do now if they don’t have elevators?

Otherwise, the guide is that the space is too small and there are many obstacles, and it won’t work.

Yes, so the house you buy now is definitely not something you can retire from or live in when you grow old.

For example, my current house has upstairs and downstairs. I want to finish it now. There is absolutely no way I can retire here. Hahaha, I can’t retire here because I will never be able to climb upstairs when I get older. So now I am still thinking about where I want to move, right?

Of course I don’t need to think about it now, but sooner or let I will take the exam.

So you see that so many houses we bought in our 50s can’t be used until we are 80 or 90 years old. If you want to buy a house in your 20s, it is impossible for you to live forever, right?

So buying a house first is not your priority, investment is your priority.

Then wait until the cash flow is hundreds of millions, then you can choose what you need. You may even think that you don't need it by then, so just stay in a hotel and live safely in a Middle Eastern suite. Yes, he will ask the chef to cook a lobster. At that time, you can't eat lobster, you can only eat one side.

Anyway, okay, this is the nuclear bomb right here.

Okay, here is an idea for you. Suppose you think about how many years it will take you to retire. If you say that I will retire in 20 years from construction, then you will have to invest 1,500 US dollars every month. That is, if you do not count, how much will you invest?

40,000?

50,000 yuan. If you invest 50,000 yuan every month, you may end up using 1 million yuan to retire. For every 1 million US dollars, that 1 million US dollars really cannot be retired.

How to retire with $1 million?

You, if you don’t buy a house, you will have no money and no cash flow to buy a house with 30 million, so this is just a foundation.

1 million, then if you want to talk about 3 million, suppose it is 3 million, at least hundreds of millions?

If it’s 3 million, then you have to multiply it by 3?

Then see how much you can invest in a month?

If I invest 20,000 yuan a month, is 20,000 yuan right?

If Liang Neng invests 20,000 yuan a month, then if you want 20,000 yuan from you, your original investment is 20,000 yuan, how much is it per month?

How much is 20,000 yuan a month?

If you have 20,000 U.S. dollars a year, divide it by 12, and you get 1,600 a month. If you work for 30 years, it will be three times that. That is, you can retire in 30 years, because you have to reach 3 million?

It’s this extremely fast one, let’s take a look at it, so let’s see how much money you can withdraw every month?

Then divide it by 3, according to that level, it will be your retirement and your fixed-term prison sentence.

Because I think you need at least 3 million to be enough.

3 million US dollars.

Don't be like many people who say that you can retire at 20 million. Many Taiwanese programs require you to retire at 30 million, and you can retire at 20 million.

Some people say that I can retire with only 10 million, but I don’t know what I will eat. There is nothing I can do.

Right?

Right, so you don’t?

Without me, I would still be relatively stable.

You should calculate 30 years first, but you can give it a try in 20 years.

That's great.

Yes, but you at least know that the sentence is 30 years or 25 years. You have to know that you know.

Then if you go to bed early, you can get out of jail early by saving a little more money.

OK, this is just a table to allow you to calculate quickly.

OK, what I want to tell you is that assuming you have 1 million, you spend 100,000 every year and the return rate is 10%, then you will never be able to spend 1 million, and you will never be able to spend 1 million US dollars, right?

Will one million U.S. dollars never be spent?

This is right here, even if there are 1 million, it will not be reduced.

But if you say 1 million is almost the same as 950,000.

Okay, you spend $100,000 every month and year, but you only have $950,000.

Your 950,000 will be on this line. You will be out in 30, 32, and 34 years. It will be zero in 34 years, and it will be zero in 33 years here.

So don’t think that it doesn’t matter if the difference is 50,000. Let me tell you, it matters a lot. That is the key to whether you will live or die. Do you understand?

So I’d rather have more than less. Be conservative. If you want 1 million to retire, you’d better have 1.1 million. Do you understand?

Because sometimes the wind is unpredictable, right?

Sometimes you need to see a doctor, and if you spend tens of thousands of dollars more, you will die. You know, you will die if the whole thing fades away. So if you have 1.05 million, an extra 50,000 yuan is not much?

If you have an extra 50,000 yuan, it will skyrocket. If you have an extra 50,000 yuan, it will skyrocket. You can still reach 3 million here. Do you know?

Right?

We still need 3 million to get here, but 50,000 more people will make the difference.

It will become 3 million in 40 years. If you spend 100,000 every year, the 50,000 will help you increase your income by 2 million.

You know, so don't underestimate the money, because time becomes as powerful as an atomic bomb.

So why didn’t I buy it with my 5 cents?

Go and calculate the 50 cents, it's quite valuable.

Yes, so multiply by two 45, hahahahaha.

OK, okay, it would be nice if you had 100,000 more.

If you have 100,000 more, that would be 5 million. Do you understand this?

Not only that, you can enjoy fame, glory and wealth, and your children will also benefit. Then your life will be better and better?

Do you understand this?

Is the better?

What do you know?

This is the power of money, so just have a little more.

OK, oh, so don't underestimate that little bit of money, oh, no, so Buffett said there is a penny on the ground, it will pick it up, and it is the beginning of this 1 million.

is the studying of the hundred million OK, one million OK, this is the beginning of one million, died of a pending, OK.

This picture means that you spend 100,000, 110,000, 120,000, 90,000, and 80,000 every year. You also spend 1 million. You say I will spend 110,000 on luxury.

Then you will shine at 26 o'clock, this brown one, and you will spend all your money in 20 years.

Your brown has been shining for 20 years.

You, you say I have 100,000, it doesn’t matter, if I spend 110,000 26 people, I won’t just go to jail, right?

No more, so don’t think that spending a little more or spending less is a big difference.

You say you should spend 19,000 less, fine. If you say I have none, I will spend 90,000. Even though I have 1 million, I don’t want peanuts, so I will spend 90,000.

Then you climbed here with 90,000 yuan.

You came here with 90,000 yuan, and you said I would spend 80,000 yuan on this over 2 million yuan, so you came here with 4 million yuan, nearly 4 million yuan, do you understand?

So either you have 50,000 more money, or you have to spend 10,000 less. Do you think it won’t affect you if you have such a small amount?

The impact is huge.

The impact is huge, the impact is huge, just like if you buy one less car, if you buy a car five years later, will it be too late in your life?

You said you would buy a car five years earlier and buy a car for five years. Wow, you are now broke. Every five years and every ten years, you have to look for another car and dig out another million to buy a car.

Why?

This is the difference between the poor and the rich.

This kind.

Yes, I have bought several fewer cars.

Hehe, I almost always bought one car in the United States. I just recently bought a second car, and now I am planning to buy a third car.

I drove my first car to the point where it really couldn’t be repaired. It was broken down and peeled off. My daughter didn’t even want to ride in my car.

Okay?

Don't come to pick me up, hahaha, I said why?

Hahaha, of course this is not good.

But I just opened it until the opening became tight. Of course, I have an environmental concept, so I just repaired it if I thought it could be repaired. Don't dump it. This is because of my emotions.

But it means that if I buy a few fewer cars, I will have hundreds of millions more than others. Do you understand what I mean?

How many hundreds of millions?

Then I'm not saying you don't want to buy a car. If I want to buy a car now, I must buy the best one. Do you understand?

Because I don’t need money, because I don’t need money for a loan. Anyway, I need to buy a good car at this time.

Well, I understand, so it’s different, the time is different, the decision is different, and the results are different.

And here is an announcement for you, that is, your annual expenses are about 30, 69 or 300,000 yuan per year, so if you want to spend 10 million yuan a year, it is equivalent to 300,000 US dollars. Then you need to prepare 10 million US dollars, and you need to prepare 300 million Taiwan dollars. Do you understand?

Multiply that by 33, so you must have some money now.

Then save some of your money.

Oh, look at the table like this, list it out, and list it out as much as you want to invest every year, and so on, add up the total price, and when it reaches the day when you are the one who comes in, you will be the one who comes in, and when you are released from prison, it means that you no longer need to rely on money, and you can live on your own.

But it's not so critical. Sometimes I say, oh, I calculated that it would cost 3 million US dollars, but I only have 2 million US dollars now. Can I retire?

Yes.

Then why don't you spend 100,000?

What about spending 50,000?

What about U.S. dollars?

At this rate for now, it might jump to 2.8 million in a few years.

It will definitely be more than 3 million in five years.

Then you can really relax and live your ideal life, and it will get longer and faster, and you will get better and better.

Needless to say, you are worried. The SSE will definitely make you nervous and call you to retire.

No, that's pretty much it.

But you need to know how to control your expenses. If you tolerate it a little bit at the beginning, it will be like buying a car. If you tolerate it for 5 years, you will save hundreds of millions of dollars, and you will save hundreds of millions.

Oh, this is the secret, this is the secret, this is the secret. This is simpler than any other stock selection or operation, and it is also more important. How much can you earn from this operation?

How many cents?

Tens of thousands of dollars?

This is hundreds of millions per province. Do you understand what this means?

Oh, this is important.

Okay, this means that if you have 1 million US dollars, or if you have 10 million US dollars, how much can you spend in a year?

He won't use it up. If you retire, do you want to use it up?

It will be miserable when you use it up.

Okay, then this standard is OK. Here is when you fix 1 million per year and spend 60,000 per year, then you only have 1 million and spend 60,000 per day, then you may be out from 2,000 to 2017.

Because there was a bubble in 2000 and a bubble in 2008. These two bubbles are so close, so if you spend 60% of your income, your production will be zero in 2012, and your self-production will be zero. Is there any risk in the market?

This is called sequence risk.

When the year you retire happens to be at the highest point of the market, you will be miserable, right?

Okay, then when you spend 40,000, it will be a constant bargain every year. If you spend 1 million, it will be a constant bargain every year for 18 years now.

My watch is 18 years old, so it should still be popular now.

But you were very nervous in 18 years, right?

You are still very nervous in 2017. If it falls again, I will go bankrupt and die.

Yes, I can't.

But if you only spend 30,000 yuan a year, then you are safe and you will become popular very quickly.

Then you can live on just spending the 4 dollars at the beginning of the year every year. You have 1 million, and I don’t care if it goes up or down, I will spend 30,000 every year.

Yes, but another kind of people say that I only spend 48 every year. Now I will spend 40,000 for 1 million, and if it drops to 500,000, I will spend 20,000. In this case, then you have to follow the market's binary trend.

My wife is late and cannot travel this year because the market has dropped.

He said that if my wife said that the market drop was none of my business, you would be in trouble.

Yes, you just want to travel to Europe with me, once a year, as you promised me.

Oh, what to do?

So you have to choose the one with a fixed repayment of 30,000 yuan a year, do you understand?

No matter good or bad, I will take you to Europe. That is fixed, so you have to choose one to do.

But you have to know that when the market starts to rise, for example, if your 1 million suddenly rises to 2 million, you can drive it. We can start spending 50,000 a year. Of course, we don’t want to spend 60,000. We can start spending 50,000. He can also spend 4 or 4, then 2 million is 80,000. If it drops to 1.5 million next year, you will spend 60,000.

You, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, and you, you, you, you, you, you, you, you, and you, you, you, and you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, and you think will have to consider when you reach that high point, because ours is a scenario, a worst case, so when you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, can do to repackage from that day, when there is a high point, because this is a scenario and a worst case.

Now you can go to Europe twice a year, but he is different.

Do you understand the meaning?

It will only get better, not worse.

Got it?

It will be bad in the short term because there are risks in the short term, but it will be popular in the long term. Do you understand?

So this is not so pessimistic.

Alas, I can only live my life in this life, I will not come back, I will only get better and better.

Got it?

Because it will be popular, you see, if you use 50,000 less, if you use 10,000 less, it will become more than 2 million or two million. I will survive.

If a Taiwanese investor saves 6,000 a month, he or she will have 30 million in retirement.

How much can you spend each year?

1 million, each person can have 80,000 to spend every month.

So you young people, many people say that for us low-income earners now, you can just save 6,000 yuan. Do you understand?

So I said that as long as you are happy at work, if Hengjiang saves 6,000 a month every year, you will live. It is much better than that with an annual salary of 100,000 and not even a dime on 100,000 a month.

So of course salary is important, but salary is not important enough to determine your retirement. Your retirement depends entirely on your investment.

For example, my salary is not the highest among my brothers, sisters, or among our classmates. I am definitely not as high as I can be at Acer.

At that time, every one of our classmates was taller than me. Those who were working in foreign companies and those in that campus were all taller than me. When I entered Hongjin, the salary was actually the lowest.

Yes, I didn’t get any benefits when I was assigned to benefit stocks in the United States, and I didn’t expect any benefits, because I didn’t get the same benefits overseas. I really had the lowest salary.

Okay.

Therefore, if you invest $600 per month in the United States, you will have to save more when you retire because life in the United States is relatively high. As long as you save $600 per month, you will have 3 million when you retire, and you can have 100,000 to spend every year.

Oh, that's just barely okay.

I mean 200,000 yuan is how people live, 100,000 yuan is enough, and you can spend 8,000 yuan every month.

The simplicity of investing in Beijing is to keep buying, be stable, and never sell.

In fact, I said that I would not sell it to death, but they were trying to sell it to you, but you didn’t want to sell it. I would not sell it to death, okay?

Then don't listen to anything outside, okay?

Those are all monsters and monsters.

This morning someone left a message and said, well, I'm so happy to hear your video, and I said, oh, thank you.

Well, I'm buying Section Member now, and I said yes.

Suddenly he sent something, look at this YouTube, I saw that the market was about to collapse.

I said wow, I just turned it off and I left him a message, damn it.

I told you not to read these information about monsters and monsters. When I saw this title, I turned it off. I don’t even want to read it. You don’t even want to read it. Why?

Because the thing you are looking at will give birth to a demon, and a demon will grow out of it, so why don't you just have to pray for a while?

What he said was right. As a result, you sold it, and you sold your 300 billion.

Do you understand that it was sold for 30 billion?

Don't sell, the market will keep rising.

You see the market keeps rising, why do you still hear those ghostly voices?

Don't listen, don't listen.

Oh, there is only one truth in the market, buy and hold, never sell.

The focus is on buying, what you buy is very important, start buying.

He is violent and violent to his talents.

So what can make you violently violent is not just the index. Then buying the index will make you rich. Why are you so tired of buying individual stocks?

When you are rich, for example, when you buy funds this time, you can still become a rich man safely. Then take a gamble on this part. You can read a case, read an SQ. Yes, yes, but you don’t want to read them all at the beginning. If you continue reading, you cannot bear the risk. When I think about life imprisonment or life imprisonment, if you gamble, you will be sentenced to death. Do you know what this means?

You can still live a life alone and still have food to eat, but the death penalty is the penalty, right, do you understand?

No more.

Is that really called Tian Tian Bu Li or Di Di Bu Li?

If you lose all your money, you'll still owe a bunch of stock debt.

Isn't that a death sentence?

Do you understand what it means?

Oh, don't do this.

OK, even if you make money by investing, you will still have more and more money, and you will have more money than you can spend all. This is the happy life, right?

Got it?

Oh, happy ones, you have to be happy. If you go this way, some people just don’t know that they are happy. In fact, the first thing you have to do is have money, and the second thing is to use money to buy happiness.

I mean, money can be used to buy happiness. It’s so familiar. It’s good to be able to buy happiness with money. That means at least there won’t be any added value, right?

Don’t add value.

So today, if your wife says, oh, I want to buy a diamond ring, then you say I will buy it five years later, and I will buy you one every year, every five years.

If you want to buy LV, it will be too late if you buy it every five years. If you still haven’t bought it after 10 years, OK, it’s the end.

When I tell him, he doesn’t want to buy it. If you save the money for him, he won’t buy it anyway.

In the end, you will find one thing. It’s great if I can afford it. Why should I really buy it?

It feels different. That Buffett has so much money, he doesn’t even buy a new car. He finally bought a car with a gm engine, which means he pities the CEO, so he buys a new car. Otherwise, you wouldn’t want to buy it, because buying a car is a loss. He doesn’t want to do a loss-making business. If he does a loss-making business, he will be miserable and he won’t spend money. Do you understand what this means?

So when you have money, you actually don’t want to buy anything, so you have to learn to spend money at that time, because you will find that you can buy anything, but you don’t need anything, so what should you do?

He needs to learn that you don’t have to spend it on yourself, you can spend it on others, but you have to spend it, you have to spend it, I’m running out of battery, okay, it’s over.

So people live a happy life, OK, do you understand that a happy life and joy are shared?

Okay, you need to know that you have to share this information with the people around you, and most importantly, your friends. Do you understand?