00288 2022 First Investment Lesson: A 100 Million Yuan Investment Life Lecture, January 8, 2022, CLEC Investment and Finance Channel (Chinese)

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3 PERCENT, so his return rate of 1,592 yuan cannot be used 10

OK, you can start.

Hello everyone, welcome and thank you all for taking the time to attend the public courses provided by our free EC.

This is our first year offering completely free public courses.

My name is Lulu. I was a 2018 student, and I am now a volunteer in the COEC Academic Affairs Office.

Let me give you a brief introduction.

This, who learned this?

Sorry, OK, I'm sorry, I don't seem to be able to share at the moment. Is it because, Mr. James, you are recording?

No way.

Can you see my share?

Can't see it, here it comes again.

Okay, that's better.

First, let me introduce what COEC is.

COEC is the abbreviation for California Life Enrichment Club.

Our society has five major spirits. We hope that we can expand our influence so that students and everyone can gain from the following five aspects.

I hope there will be more students, and I hope all students and friends will support these five spiritual goals and change themselves to consider others. The first is to improve the spiritual field, the second is to maintain physical health, the third is to care for all the people around us and disadvantaged groups in society, the fourth is to have environmental awareness, and the fifth is to help everyone become financially independent.

All our lecturers and staff are COEC members and volunteers. We are completely dedicated to serving everyone. Now let me briefly introduce the history of COEC.

COEC was officially established in California's Silicon Valley Bay Area in 2006. In the early days, enrollment was by small classes because we began with in-person classrooms, and the classrooms were very small.

Then all registrations needed to be recommended by members. At that time, registration was divided into spring and autumn. In its heyday, due to the limit on the number of classrooms, many classes were held in one season.

Then in 2010, from the spring of 2010 to the spring of 2012, there were at least 6 classes in each season, and in the fall of 2011, it reached a record-breaking 8 classes.

Since 2013, we have rented a large classroom that can accommodate 120 people. Instead, we register for classes once a year for the whole year. Even though the large classroom is open for one or two years.

Within about 30 minutes of signing up, the registration quota was full and the entire registration website was forced to be closed.

We once held a Chinese studies class to discuss Chinese classics such as the Yi Jing, Tao Te Ching, and Zhuangzi.

We are also continuing to provide health and wellness classes and investment classes. Students must achieve an attendance rate of 80% in order to become our senior members.

In 2011, the number of super senior members exceeded 500, and in 2018, the number of senior members reached 1,000.

In 2021, the number of senior members reached 1,187.

In 2020, due to the COVID-19 epidemic, we switched to online teaching.

All of 2021 was online teaching, and we expanded the Easy Chat Fundraising Clubhouse. This is our first online class this year. It is a completely open classroom, which means no registration is required and anyone can participate.

Now let me introduce the COEC organization chart.

We are a registered non-profit organization in California, and the highest unit of our organization is the COEC committee, which decides the direction of work for the next year every year.

Our main work is planned by CLEC Club Exhibition James, and the instructors of all courses are COEC members and volunteers.

The lower-left section is our COEC Academic Affairs Office, which handles course matters.

We also have units for senior members, which are senior members and reading groups.

The following slices are for me to briefly introduce the open courses we offer this year.

Invest in courses first.

Our investment course is divided into two parts, the first is basic investment concepts, and the second is easy investment chat.

Basic investment concepts let everyone understand basic investment concepts, such as the effectiveness of compound interest, the importance of reading financial reports, investment psychology, etc., why trends are more important than fluctuations, etc.

Let's chat about investment easily to provide you with some market conditions and answer your investment questions.

There are a total of 23 investment classes throughout the year, fixed on the second and fourth weeks of each month.

The second and fourth weeks of each month are Saturdays in California and Sundays in Asia.

Because California has Daylight Saving Time, class times in Asia will change in March and November.

Each of our teachers is very experienced and dedicated. Every year they update and apply information related to current modern affairs to us in their lecture topics.

James’s teacher will provide us with classes on investing and talking about investing in a relaxed manner.

Teacher embours, let him provide us with mutual compound interest fund investment allocation, asset allocation, discount rate and value investment.

Patricia Tan teaches us how to read financial reports. Helena fan provides us with courses on investment strategies and risk management. Power Chain provides us with an introduction to technical analysis.

Teacher Alton gave us technical indicators and discussed buying and selling points.

The one above has an orange mark. This mark is the overlap between investors and health classes.

The yellow one is the ordered time. This is Taiwan time and will change. However, the American time is always only 6:30 pm.

After asking the teacher, he will provide us with economic indicators and markets, capital market historical perspective and investment psychology. Teacher James will provide us with investment finance, easy chat about investment, including investment psychology. Teacher Tony will provide us with rib rotation and vigilance cycle.

Teacher Alton will provide us with classes in the last semester and the next semester. In the next semester, he will also provide us with the long-term investment value and mentality of retail investors.

Teacher Frank can provide us with investment psychology and our health and wellness department.

This is California Saturday Asia Sunday time.

It specializes in health and wellness investment classes, so it’s quite close.

The health and wellness class lasts 45 minutes, with a 15-minute question and answer session. Recording is not allowed during class. Students are not allowed to record. Students who record can write their own notes.

Our teacher is Dr. Wu, a traditional Chinese medicine practitioner in Silicon Valley.

The links to the rooms of all our investment classes and Chinese health classes are the same. Now the link to the room is this password, 7497048197, and the passcode is 253243. Anyone who remembers the time and this room can come to the class.

We will remind COEC senior members 4 days before class by email. Those who are not senior members can go to the YouTube COEC Investment and Financial Education Channel or Facebook, where you should be able to see the reminder.

Last reminder for class, check out the rules. Everyone in Taiwan should pay attention. Class times in Taiwan may change. Please keep mute during class and raise your hands if you have any questions.

When the teacher asks you to ask a question, please turn on the video microphone and state your name before asking.

After you finish asking, please mute the sound and turn off the video, and then put your hands down. Do you have any questions?

If not, I will give my time to Mr. James.

Okay, okay, thank you, thank you Lulu.

Okay, let's start today's lecture. Welcome everyone, then I think we'll start our today's lecture.

Well, if no one asks a question during my lecture, you can ask, no problem.

Then my focus is on you. You can raise your hands if you want, but it seems like I can't see you raising your hands. Let me take a look.

Well, it doesn't matter. You can just turn on the microphone and ask questions. But when asking questions, please just ask about the content of my lecture, okay?

When I am giving lectures, during class, you ask me about the content of what I am talking about. As for things that have nothing to do with the lecture content, we will have Q&A after class. At that time, everyone will ask questions, and then other questions, so as not to affect other people's class, okay?

That's because I can't see you raising your hands, or the Academic Affairs Office can help me take a look.

Then you can raise your hand or directly open my to ask questions and interrupt my lecture.

No problem, then you can ask questions, but when you ask questions, you should focus on the content of this or that handout I gave in class, okay?

This year is the first time in 2022 that we will make all lecture courses public, and then provide them to the general public. In the past, referrals from our members were required to participate in this course.

Of course, everyone was very enthusiastic about signing up at that time, and all the seats were filled within a few dozen minutes.

Then I discovered that in order to make it more accessible to the general public, we started to use YouTube to talk about investments easily.

After a year of experimentation, I found that the Internet is not as chaotic as everyone imagined. Anyway, the frequency of people coming to us is very close, and everyone’s messages and questions are very polite, so I think we can learn and grow together.

I am very, I feel that this is good. It is still very good on the Internet. If we behave properly, then you will not attract other weird people.

Okay, let's start our lecture, what about a disclaimer?

Of course, our investment is not as everyone imagines, that is, anything can be done and you can make money no matter what. The market is rising all the time. Without this, you may suffer losses.

Moreover, this short-term problem is not necessarily small, and may lead to huge losses.

OK, so you must be able to accept short-term losses and be responsible for them.

Especially if you listen to some investment advice outside, then the chance of losing money will be greater. It is very simple for us to invest, and as long as you are not easy to lose money in the long term, short-term market fluctuations are not our fault, so you must be able to accept market fluctuations. You may lose 10%, 20%, or even 60% or 70% in the short term when a bubble comes.

Then the content of our education is to make you rich in the long term and ignore short-term shocks. Then you must be able to accept short-term questions before you can invest. People who cannot take risks cannot invest. So let us state it here first, so you must make your own decision and be responsible for your investment.

I found that for us humans, first of all in this life we are not here to suffer, we are here to be happy, so happiness is a human right. We live in the world, no matter you are self-interested or altruistic, no matter what, no matter what your philosophy of life is?

You must be happy. If happiness is not the purpose of our lives and we are not here to suffer, then your life will not be so smooth.

You have to figure out how to make yourself happy, solve the problem, and move towards happiness.

So ultimately the ultimate goal of our life is to live a happy life.

Then, before I retired in my forties, I felt that what made me happy easily was serving as the purpose, which is the real happiness.

So I spend two, three or four hours here every week teaching everyone about investing. This really brings me a lot of happiness, so sometimes I am very grateful to you.

You can listen to my sharing.

Everyone should know that our life is not long or short.

So what is your purpose?

When we were young, we had some goals in life. We wanted to be a nurse, a teacher, a policeman. What kind of job did we want to do?

Then you may have forgotten about being busy now, and you have forgotten that we still have goals in life, so what I want to teach you now is that you still have to think about what you do in life and make yourself happy.

We often serve one person's things, ten people's things, hundreds of people's things, and ten thousand people's things. So if you are the first to serve one person's things, do you have to serve yourself first?

If you want to make everyone happy, it is impossible if you are not happy yourself. You must make yourself happy first.

So I often talk about the key points of your thinking. Think of yourself first. Everyone should think of themselves first and say, oh, how can I make myself happy and comfortable?

Then you will find that when it comes to many things, in fact, as long as you change your mentality and stop thinking about life, you will change your different concepts and you will be happy.

I often say that you often catch the bus, the MRT, work, or plane.

Don't rush, don't rush. I think if you can't get on the plane, just get on. It usually doesn't matter, it's not that serious. So we have to retreat and not think about anything. So in the end, what is our goal in life?

Everyone must clearly define this.

It is easy for everyone to come to this class to be rich and have doubts. This is not difficult. I don’t find it difficult at all. And everyone can definitely achieve the goal of being rich without difficulty. This is the talent of being rich.

But can you be happy after you have money?

Whether you can achieve your life goals is another matter.

Is there one thing that you might want to think about yourself, so what is your goal in life?

What is your greatest contribution to humanity?

What can you do to society?

What can you do for your family?

This may be something you need to think about. Money is not a problem. You will have money. As long as you follow us, you will have money, and there is really a lot of it.

So when you first think about your purpose in life, who should you serve?

After that, assuming you have $100 million, what will your life goals be like?

Suddenly you have 100 million U.S. dollars. Suppose you have 100 million U.S. dollars in the future, what will you do with your life?

So you must think about this issue, because you will soon and easily have 100 million, whether it is 100 million US dollars, NT$100 million or 100 million Taiwan dollars.

When you have this kind of money, you seem to have lost the focus of your life, but this is more dangerous than.

Many of our young people have become famous and retired after following us for more than ten years.

He came to me one day and said, "Teacher, I have finally retired after more than ten years, and I can be carefree."

That troubled me very much. I didn’t know what to do next, so this is the key point, so I don’t want you to encounter the same problem after studying for more than ten years.

Teacher, I have 100 million U.S. dollars, 100 million Taiwan dollars, and NT$100 million, but I have lost a lot. I don’t know what to do in life. That is the problem, so you have to start thinking about this issue now.

Then our course will teach you to live a happy life if you have doubts.

But how to be happy?

That's another class?

I once took a class on how to be happy in life, but no one seemed to have thought about how to make themselves happy before they had money.

This happiness is the purpose of our wealth, not that wealth is not the purpose.

Right?

Happiness is the goal. We people want to be happy. We want to make the people around you happy, yourself happy, and society happy. This makes everyone happy. This is our ultimate goal.

So rich talent, we have class, we solve the matter of rich talent, and happy human rights, I leave it to everyone to think about, but slow down, slow down allows you to feel yourself breathing, so you will not be nervous.

If you didn't feel that you were breathing just now, then you are still in a state of tension, so what people often say about breathing is that you should always think that you are breathing, and you will relax.

Okay, let's go on, so I hope this configuration will make everyone think about what is the focus of your life?

Is it 9 to 5?

Do you have to go to work every day or is your job at the company so important?

Let me tell you, I have been retired for so long, what is the most important thing about my work?

It seems that nothing is important, so everyone should know that no one will remember you 10 years from now if you think it is important.

Think about what you were most anxious about 20 years ago?

Maybe you have forgotten it, but at that time you were as anxious as an ant in a hot pot, or it was an incident in the company, as if the sky was about to collapse in a disaster. Is it so important?

You will find that from 20 years ago, if you think back to 20 years ago, which one thing was so important?

So you also have to think about it 20 years later. The things you think are important and urgent today actually don’t exist.

So whether it’s your life or your investment, you have to look at this point from a very far away place, very far away in time and space. Only then can you clearly see what you should do now?

This is what I want to share with you. In fact, capitalism has already taken shape in this society, and there is nothing we can do to change it.

So there are only two kinds of people in society, one is called the poor and the other is called the rich.

In capitalism, one is called the capitalist and the other is called the laborer.

Rich people must be capitalists and landlords, and poor people must be laborers.

I have to get up at 7 o'clock in the morning, so the computer is of course even harder, and I have to dig bamboo shoots at 3 o'clock.

Yes, otherwise it would be the capitalists and landlords who would be rich.

Laborers and electric farmers cannot be rich. Even if you want to die, you have to calculate it. Then you will know how much wealth you will have in this life. This has been determined.

So everyone should think about it, you can’t just be a husband, that’s not bad, and there’s nothing wrong with being a computer, as long as your mentality is to serve the public.

But that will not make you rich. Our work, any of your work is not for money, your work is to serve our life, with the purpose of service, happiness, joy, and wealth are the rights of capitalists.

If you are willing to serve the world and drink one cup at a time for the rest of your life, that is your decision.

But you have to think about it, you still have family, you still have children, you still have parents.

When you are old, you still have to go to work, and you cannot afford to pay for care, so can you be happy?

Although you work hard, it is very difficult, so everyone should remember not to keep working hard all the time.

The purpose of work is to serve the masses, and that is the purpose of life to serve the masses.

I'm taking classes here now, and I don't make a dime. I get up at 6 a.m. to open a clubhouse. I'm very happy. This is a service, and I don't make a dime. This is what I want, so this is a very happy thing.

So capitalists have the right to do what they want, this is called freedom.

What are we rich capitalists going to do?

We talk about life on the first page, but what is our real purpose?

The mission in life has been completed.

Each of us has a mission in life, you can define it yourself.

What is your own mission?

Then you have money to spend, you can spend it as you want, you can achieve your goals, then you can live a happy life.

Why not?

Of course this is what it is, it is a life worth living.

My life is worth it.

Otherwise, if you work nine to five, you will only have NT$500,000 in savings when you are 65 years old.

Is $300,000 enough?

The whole year was spent.

So do you think your instant efforts are worth it?

Of course it's not worth it. It's worth your efforts, but society doesn't treat you so tolerantly, because you are a husband, and you have always only remembered being a husband and making computers, so don't be like this, me, no one in the world can stop you from being rich, except yourself, so don't blame someone.

OK, understand the fate of workers.

Look at those Americans protesting outside, Occupying Wall Street in Seattle, Occupying Anarchy. Those who stormed into Congress were none other than the left, nor the right, but the poor.

Therefore, capitalism ultimately creates such a difference between the rich and the poor.

Then we can't change the status quo. We are small people and can't change it.

But you cannot be deprived of it by capitalism.

That means you don’t fall into the poor category.

Right?

Then if you want to be rich, you don't just rely on your own brainpower. If you work 8 hours or 12 hours a day, you can calculate it on the computer and even if you work overtime, you can calculate how much your life is worth. You don't need your boss to tell you, you can figure it out yourself.

So we work hard to serve the public, not for money. We want to make the money we earn, work hard, and live an easy life. We rich capitalists work happily and live happily. This is the first and most basic purpose of our lives.

For this purpose, as for what your life mission is, then you can be bigger and better, bigger and better, and your contribution is bigger and better. It is absolutely the definition of the value of our life. My definition of this person is that the more people you serve, the more valuable your life is.

The more people you serve, the more valuable your life is. The more people get happiness because of you, the more valuable you are. This is my definition.

Then you can have your own definition.

Okay, on this page we are talking about capitalists and workers.

You must first make a distinction: there is no left or right in capitalism, there are only the poor and the rich.

Okay, then you have to choose whether you want to be poor or rich. Of course it is very simple. Now I will teach you how to become a rich person.

An average husband.

He just kept his head down and worked hard. He was scared to death by working and investing. Asking him to invest was like killing him. If he couldn't take a step forward, there was nothing he could do. It was his life.

So I often say here, that is to say, sometimes I often lament that there are 3,000 Confucius teachings and only 72 writings.

Of course, we have tens of thousands of students, so there should be less than 200 people taking a ride.

So if 200 people can live a happy life because of my class, then I don’t need to take classes here.

So ordinary workers work hard to help their bosses make money.

You trade your life for money.

You pay a lot of taxes. Now the tax in the United States is 33% or even 50%. After you have made money and done work, half of it goes to pay taxes.

After paying the tax, you have to buy a house. Many young people buy a BMW on the first day they work, and buy a house after a few years of working. Some people are even forced to buy a house by their parents. This is quite bad.

We will talk about it later, don’t rush to buy a house, then you have entered this rat cage from the beginning. You want to buy a big house, you buy a big car, you start to enjoy buying LV bags and go on trips, but in the end, all the money is spent. People like you work hard and let the money run out. Then you will always be your husband. You will always be in this rat cage. You can’t escape. Then you have to ask the boss for a salary increase every year, and the boss will add 3 PERCENT. This one is grateful to Long En, but this one has given birth to a child, and his salary is not enough, and he has no money for milk powder, and he is waiting to beg.

Thanks, I hope the boss can add some snacks.

Workers live like this day after day. Everyone thinks this is normal. In fact, in capitalism, this is the fate of most people. But you can't live like this. You are serving a life sentence and you will never get out.

When you get old and you find that you don't even have a job, then you are even worse, even worse.

Most people start their middle-aged careers at the age of 50, which is a very sad thing.

In Taiwan, I saw that many building managers are like this. I'm not saying they are bad, they are very good.

Well, it’s still a lot of hard work.

But sometimes I want to talk to them about investment, but there is nothing I can do. They say I am too old and can’t do it anymore.

Don’t fall into the trap of being in the final situation when someone really wants to teach you how to invest correctly, and your answer is no.

If I can't do it, it will be too late. I will die if I get rich.

In other words, how can you escape from that mouse cage?

This is very important, work is inevitable.

Then when you start working, you must have a service mentality. Then you will get better and better at what you do. Because of money, if you follow James, you will be rich, so don't worry about money.

We are not the rich second generation in the beginning, so you have to work hard to save money. Only when you start saving money will you start to escape from the rat cage.

After many people finish taking the class and their wives finish taking the class, they don’t give out any money. They calculate everything, how much they have, and how many dollars they have. They are very precise, which is a good thing.

But when you have no money to spend, you have to spend money. I often say that you are not yet financially free. If you save one dollar, it will become ten thousand, and one dollar will become ten thousand, ha?

Buffett picked up a dime from the ground. People say you are so rich. How could you pick up that penny or a dime from the ground?

He said this is a starting investment of 1 million, and 1 million starts from this place.

So if you are young or have not yet gained financial freedom, it is a good habit to save every dollar you have.

When you are older and have freedom of wealth, you will spend every dollar you spend, and it will be ethical to spend money. Do you understand?

Rich people spend money ethically. How can Uber make money if you don’t spend money?

Those restaurants are open and need to serve, but you can't serve them enough to make them enough money, so you must spend the money so that the workers can get the money.

Although we can't do big things, we can spend money.

The more you spend, the greater your contribution to this society. Because you have freedom of wealth and you have no ambitions, your ambition is to spend money. It is also very good. This tip is generous to 33 percent. I eat one Haidilao here and see that I brought two for 150 yuan. I will tip him 60 yuan.

33 percent is very good, so you have to spend your money hard, understand?

Spend money vigorously, stay in the best hotels, and this is when you are rich. You must remember to spend money, don't invest, be careless, and spend money lavishly. This is a rich person. You want to do this, but you are not yet financially free. Please live a carefree life with money. Save one dollar and ten thousand. Do you understand?

So money is energy, and only by spending it can you develop the energy of this money.

You have to know that he did not hesitate to launch the Persian Gulf War, which cost him 10 faces.

At that time, the down payment was only 10 billion. At that time, I remember that as long as you could make 10 billion, you would be among the top three richest people in the world.

Now it seems to be 1,000 billion.

What do you think about 20 years?

This is a 100 times difference in down payment and 100 times more assets.

Are your assets 100 times greater?

You see, the assets of the rich have increased 100 times in the past 20 years, while the assets of the poor have remained still and have declined.

So you have to know that capitalism is both fair and cruel, understand this and invest.

So when you invest, in addition to saving money for investment, you also need to improve your mental energy, study, and then study.

Then you are here to learn, so read more books.

Read more books. You can read any book, good or bad. As long as there is one sentence in a book that can make you learn, will you feel touched by one sentence in the book?

Then it's worth it.

At the beginning, you were living a review. I often say that you should spend money lavishly, but try to spend it on spiritual energy, for example.

You don’t have to have a luxury car, but you can take Uber every day.

You don’t necessarily need a luxury house, you can stay in a five-star hotel every day. Because of the spiritual energy, I feel very comfortable living in LaCrosse, that feeling.

Maybe if you live there, you can live on the fifth planet for three months.

Look, you live in a large suite, you sit and sit back, it is really comfortable, there is a swimming pool, a SPA, and 8 restaurants. All parties are held this month. There are party rooms of whatever size you want. So some people say that if you don’t have your own room, how can you have a party if you don’t have your own house?

Let me tell you, when you have a party, you don’t have to prepare anything yourself. All the best food is arranged for you, and all your guests are taken care of very well.

You can hold a wedding banquet in a five-star fantasy land, so what’s the point of having a small party?

So many people think that I need to have my own house to hold a party, and you don’t need to. You don’t need to.

So when you travel, you gain spiritual energy. I often use the example of my daughter. We can talk a lot about our trips to Europe, Paris, and Taiwan when she was a child.

Well, this is spiritual energy and will not be destroyed.

But if you ask a child to bring you a toy when he was a child, will he remember it?

He forgot.

So sometimes I often give Christmas gifts and gifts to children. I just want to invest in them. I invest in them and take them out to play. This is the best.

You know, so it’s mental energy. No matter how big a car you buy, it will be a piece of scrap metal in 10 years.

No matter how big the LCD you buy is just scrap metal.

It’s better to rent one than buy it yourself. For example, when we go out to play, we also fly. When renting a car, try not to drive your own car. Just like I don’t have a car now.

That’s it, take Uber when you go out, and rent a car if you’re traveling long distances.

Especially in the United States, you take a plane and rent a car when you arrive locally. Rent the best car, rent the safest car, rent the largest car, and rent the most comfortable car.

The same is true in Taiwan. Where do you sit on the high-speed rail?

Get off the car and rent a car to play around and then go home.

Otherwise, if you drive to Chiayi or Alishan, you will spend an extra day and be exhausted.

But if you take the high-speed rail to A and B, you can rent a car and get to Alishan in two hours, which is very comfortable.

So you have to know that when you are rich, you will find that you should think about solving everything with money first. This is the path of life.

It is moral for you to spend money, do you understand?

Spending money is moral, so I want to teach you here that you are saving money and making money is what you need.

It is moral to spend money later, try to spend it on spiritual energy.

When you buy a car, some people will think that I need to buy a BMW Masley bench or a Tesla, and my mental energy will increase a lot.

Then just buy it.

But for me, I should probably take Uber, because my mental energy will be higher.

I can talk to drivers and young people in Uber cars, give them some investment concepts, and save everyone. This is what I share with you.

Okay, so when you have money, your life will be different. The market helps us make money. Our money needs to be transformed through the market. The market is like a rice field. When your money is planted, many ears of wheat will grow. In this way, you will make a lot of money, increase your spiritual energy, learn more, and contribute to society.

If you really don’t know how to contribute to society, and you are rich, then just spend your money, and spend your money on spiritual things that will make the most contribution to society.

Your family, your children, your wife, and your parents will all remember when and where they went to play in this life, and they will never forget it.

You may have forgotten which big meal you had last week or what you ate. Don’t forget what you ate last night. So the difference is that one is eternal and the other is forgotten. If you spend it, you will forget it. The other one is material, so it is easy to distinguish.

OK, what I’m going to talk about here is your life as a laborer and how to leave the rat cage of labor. You can live a happy and prosperous life. You must invest.

Next, we are going to teach you that the key to getting rich is very simple. Invest in U.S. index funds for a long time. If you have money, buy them. If you don’t sell them for long-term investment, you will be rich.

And we are keeping it simple. We should finish this chapter here, and this lesson should be over.

But the Tao is extremely simple, the Tao can be explained, and the Tao I preach can be explained. Look at how I can be so simple.

If you have money, you should buy it. For a long time, the only way to buy it is to sell it to Godfather, but every time you go to the crohouse, there are a lot of problems.

If you have money, you should buy it, right?

Doesn’t the market go up and down?

Then why not buy low, sell high, and invest for the long term?

This one is a liar, right?

You see, if you have money to buy this question, you will have a lot of questions. Those four words can generate 100.01 million questions.

Invest for the long term.

What is long-term investment?

Where is the long-term investment?

Buffett will also sell his stocks. How can there be long-term investment?

Just invest all in for the long term, buy this if you have money, and you will never have enough questions in your life. If you fight to the death and refuse to sell, you will have even more problems.

Does this person understand it at all?

Of course, some people are even more amused by buying U.S. index funds for long-term investment. You, you, you, what’s the point of this?

Isn’t that what the textbooks say?

You, how will this help everyone?

I don’t know whether he is being ridiculous or I am being ridiculous, I can’t figure it out.

Of course, in the previous life, you heard the Tao diligently and followed it. That is to say, if you can understand it, then you will know that this is the great way.

Then you will work hard to understand why I say this, because you will become very rich this way.

Then you wonder whether it is you who has the problem or I have the problem?

Everyone should think about this issue.

Well, if you doubt challenge Buffett is rich and knows what he is talking about, Buffett tells everyone to buy index funds, and most people just do this, and now the performance of index fund SBYQQ is better than Buffett, then Buffett tells you to buy index funds, and logically you also criticize him, then I don’t know if it’s you, are you a rich person or Buffett is a rich person?

Think about whether you heard the Tao in the previous life and followed it, or whether you are Chinese-style literature and Tao, which means that you seem to understand it but not understand it.

The corporal laughed when he heard this.

Most people are corporals.

That is to say, yes, but most people who listen to our lectures will laugh, or disapprove, or sneer, or call us liars. Most of them are from the Daxia family. They will make fun of me when they smell a filial son. Then I am very happy, because originally the Tao means that most people will laugh, and if they don’t laugh, they will not think it is Tao. That is to say, if no one makes fun of us, then we should know that we are very ordinary. So if anyone questions, then you have to thank them, because it proves that we are the Tao, so I tell everyone, that is doc As far as what I am talking about now, these are all reasonable.

Long-term investment in U.S. index funds, this is the Tao, but the Tao is that what I preach is a Tao, and everything that can be said is a Tao, a very Tao, that is to say, many of you will have doubts and questions about what I say. You have to think and study all the information. After you have to think and study through your own thinking, you will get a very good idea, which means that it cannot be said.

You can't express what you feel or what you've learned, and the best you can say is the same as mine.

The more you talk about it, like I am talking about long-term investment in US index funds, if you have money, buy long-term investment and never sell it. This is the truth, but suppose I keep talking and explain what long-term investment is, what is index fund, and why buy it when you have money?

It’s me telling you again. The more I talk about it, the more confused you will be. That’s very frustrating. I can’t help you buy and sell stocks. Why did Siri suddenly come out and to the.

So?

When we invest, we only buy if we have the money. Long-term investment is an investment if we don’t sell until we kill it.

Oh, think about the landlord stock market and landlords. Which landlord sells land?

Then there are no landlords selling land, they are all buying land, and no landlord wants to sell land.

Unless there is an unfilial son in the family who loses all his land through gambling, no landlord will sell the land.

Similarly, it’s not that you don’t have a landowner now. You only have capital now. What you always have in your family is stocks, and it will always be a company owned by the United States. How can you sell your land?

So what are you going to do with selling your land?

You want to do computers, you want to do labor.

How is it possible?

Do you think you should hold this place?

We should hold on to him life and death. If you have money, buy land.

You said it wasn’t like this in ancient times?

Then why did you forget this matter when it came to capitalism?

And if we live or die, a house will become old, the house will be old, the house will be broken, the house.

Instead, you reported an error. What you reported was land property. There is very little land, so everyone invests in buying houses. Investing in houses is not a good investment. These are some things that everyone remembers, so this is the key to getting rich by investing in capitalism.

It's very simple. It's over after this chapter. Just buy QQ. If you're in Taiwan, just buy 007500662. It's over.

But this is a fair thing. As soon as you get home, you will be choked up. The market will open tomorrow morning on Monday. What are you going to do?

Analysts say the ghost is out again.

You go to church on Sunday, then go back to the original state on Monday, then don’t know why on Saturday, then go to church again on Sunday, day after day, until you have an epiphany.

Therefore, the matter of enlightenment is very Tao, so no matter how much I talk about it, it will be useless unless you have a good enlightenment yourself.

Why should we buy index funds?

This picture is very simple, and I think everyone has seen this, so I will make this picture every year. This year is December 2021. The index closed at 4,766 points. In 1941, the index was 9.2 points. After 80 years, it has increased 518 times.

The annualized return rate is 8.12, plus two percent incentives, averaged out, it is 10.212 percent.

You found that in 2020, the index was 4,567 points, and the return rate was 8.17. When statistics were first started in 2014, the annualized return rate was 9.57, so 9.57, now it is as early as 10.12.

Here we can faintly see that we humans are growing at an accelerated rate.

Many people say that they are short sellers every time there is a drop. Recently, every year, in fact, every year, the market starts to rise as soon as the market opens. The first month is probably the most intense.

10. December and January are the most volatile months every year, because it is tax-related in the United States. Many people who suffer losses from falling stocks sell them at the end of the year, and the losses can be deducted from taxes.

At the beginning of every year, because you sell your profits at the end of the year, you have to pay taxes at the beginning of the year. However, if you sell at the beginning of the year, at least one year has passed, and the money can be used for one year without paying taxes. Therefore, usually at the beginning of the year, many people who made profits will take profits, and there will be violent fluctuations.

Therefore, most of the market changes at the end of the year and the beginning of the year. It is normal for the market to fluctuate at this time, so the only constant in the market is the fluctuation.

But for short-term investors, they regard every shock as a bubble. Then they are hiding from the air raid sirens every day, and they are nervously poking their heads like mice every day. They are afraid of being slaughtered, so they hide in, so they go out every time they come out, and they go in as soon as they come out. Do you think they can make a profit?

Very busy, very busy, and I can talk about a lot of great things.

But I didn’t make any big money, and even if I did, I would be very tired.

It takes me less than a minute to invest for a year because I don’t have to do anything.

I still don't know whether they are workers or landlords.

Because they have no land, they just buy and buy in stores. I think they are more like husbands. It seems that traders are still husbands when they buy and sell things, and they are still husbands.

So what this picture shows you is that the market will never stop rising. If you look at the red line, it means that the market will never stop rising. It goes up, goes up, goes up, goes up, goes up, goes up, and goes up forever. If you have any questions, you can open the mic and ask.

I want to hear this first. Is there any problem?

Okay, so why does the market keep going up forever?

The index is the trajectory of human beings, the trajectory of growth. So if you buy QQ and 100 American companies, can it represent the growth of the entire United States?

These are the 100 most growing companies, so aren’t you growing with humanity?

So if a company performs poorly, it will be kicked out of these 100 companies and replaced by a good one.

So it's like a relay race. My team is the one who has lost the baton among the 100 companies. Another person will take over the baton and continue to pass the baton on, then this is human beings.

So your investment is the investment index, which is the best return. You don’t have to choose companies, just choose the top 100 best companies.

Of course it is?

Isn't it?

You go, you are the chairman, you go outside and find STANDF from Tsingta University, Jiaotong University, or the United States or something?

Of course what you are looking for is to find the top 10, top 10, 10 schools, and the top 10 from each school to help you work, right?

Would you look for the next ten?

No?

So since this index is to select the 100 best companies in the United States, then why not select the top 100 companies?

100 people work for you, so what do you have to worry about?

Many people say that buying QQ is too concentrated.

What is there to concentrate on?

Even if you buy 10 stocks yourself, you are more concentrated than me.

I bought a QQ with 100 plus, and then 100 companies, so yellow Musk teamcook, you can only count all of them, and even that, um, including the following, may be used for you.

Yes.

Therefore, human beings will never stop growing. Our human technology used to grow linearly. That is to say, from one engine in Huaming, a car ran out. When the car ran out, we all humans because everyone was producing cars, and there was no time to think about anything else. In this way, production lasted 30 years, and these 30 years drove the growth of mankind. After 10% growth every year, a transistor radio player came, which grew for another 20 years, and the repor wireless phone grew for another 20 years.

I remember that when I came to the United States in 1990, every time I went back, I would bring a bunch of cordless phones and carry one back home.

Well, that was that era. After that, you had to apply to the United States to buy a computer notebook and go back to Taiwan. Now you don’t have to, because everyone has it. So in the past, humans only had one kind of innovation every three to two to thirty years, and the growth rate was ten percent.

But now, starting from 2020 and 2021, human technology has exploded. Thanks to the pandemic, human technology has made great progress.

Today's technology is not just a transistor, or a TC wind Tech.

Today’s technology offers endless possibilities such as AI cloud, driverless driving, clean energy, etc.

The curtains in your home are all smart, and the cups I drink from are all insulated, and they all know the temperature.

He even calculates how much water you drink in a day. This is a huge explosion for mankind. No wonder IC is out of stock, right?

You know this, so you have to know that human beings grew at 10% in the past, and now the annualized return rate in the future is 20 PERCENT, 25 PERCENT.

It’s normal. Don’t be like a bunch of people who think it’s abnormal and shout shorts every day. That’s the workers. They will protest on the street against the unfairness of the transaction. The gap between the rich and the poor is huge. Then they themselves become gamblers and will eventually end up on the streets. Any high point will be a low point in the future.

Of course I'm not saying that all gamblers and operators will end up on the streets, but I haven't seen any truly successful ones so far, because I only see Buffett among the top ten richest people.

I haven't seen one of them being any, and the second one became one of the top ten richest people because of the stock market.

No, so it’s not that I don’t believe it, it’s just that there is no information for me to believe it.

So everyone must understand that any high point in the investment market is the future low point. If you look at the history of past growth, let’s look at this picture. Any high point in the past.

Ninth, the high point of 10 years. Now let’s see how low it is. It would have been great for you to buy it at that time.

2,000-year-old pastry, if your friend asks you to buy it now, wow, it’s really just over 1,000 points, now it’s over 4,000 points, the high point at that time, the low point now, do you understand?

Then any high point you have now will be the low point in the future. Human beings will only grow forever, and the market will continue to reach new highs.

This is the secret question of investment. You can ask any question, but it can be said. This is the avenue. No matter how you ask, you can't do without this avenue. You can only understand it and believe it. If you can't understand it or believe it, just hypnotize yourself.

The market will never stop rising.

The market will keep rising, I have a lot of money, and the index I buy will always rise. As long as you invest in the index, you will live a happy life of hundreds of millions.

And then we come here, so what we talked about earlier is the investment index, which will keep rising. What we are talking about here is why it will keep rising, oh?

No matter how much I tell you, if you don’t believe it, you will never be able to believe it.

That’s why Buffett said that those who believe will believe it in a minute, and those who don’t believe will spend a lifetime finding the answer.

Then this is Q1QQ, ha, just over there is the S P500 index, this is QQQ, its annualized rate of return is 21 ha.

So why do I recommend everyone to buy Q1?

Because now is the first year of the explosion of science and technology, we humans can only continue to rely on the explosion of science and technology.

Not so long ago we couldn't rely on hoes now, could we?

Our human progress cannot depend on this motor, right?

Can't rely on the engine?

Do we humans still need to rely on engines to grow?

Do you still want to rely on this radio to drive growth?

Or rely on toys?

Impossible?

Or should we rely on the petrochemical industry?

Impossible, these are all old technologies. It’s not that it’s unimportant, but it’s just that it won’t grow.

So everyone remembers that the core of capitalism is creative destruction, that is, all current high-tech is the traditional industry of the future.

The traditional industries of the past and present are based on the high technology of the past. In the past, were trains high technology?

Yeah, it was big high tech back then, right?

Is the train still available?

You can run so fast, right?

It was high-tech at that time, like the mobile phone we are talking about now?

What?

If you think about the telephones at home 20 years ago, think about the home colors phone 20 years ago, if you look at it now, it looks like the devil.

What is this?

An antique?

Yes, you can't even find it now.

You have to know that our current mobile phones may look cool and NIT, but in the future you will think they are really Google antiques.

Yes, that’s it, so the infinite possibilities of human science and technology are the targets of our investment and growth.

So remember that this thing is SPY, and the annualized discount rate is ten PERCENT.

Let me tell you that the annualized return rate of QU is 20 percent. This is what human beings should have, and it is necessary to have it, and it will definitely happen, and it is bound to happen.

Do you know anything about this?

If humans still use ten percent growth, there will be no way to go to Mars.

It is impossible to have artificial intelligence like elomask. If you don’t talk about artificial intelligence in automobiles, it can increase the growth rate of our human beings from ten PERCENT to 20 PERCENT. What a powerful technology that is.

So you don’t need it, you don’t need a PHD. You don’t need a PHD. You don’t have to graduate from college. You just need to work hard, go to work, and drive an Uber.

I was working for Uber that day, and when I asked about Uber in the United States, I said you could switch around in a month. Hey, he could earn 8,000 US dollars a month.

He said that when he is good, he can earn 10,000 US dollars a month and 120,000 US dollars a year.

If he still understands my investment, he would be really rich.

And unless you like to drive without a capital, not everyone likes to drive. If you like to drive on the road for 8 hours in the car, if you like it, you can still become rich even if you have not graduated from college.

So what are you going to do in college?

There is nothing to do. If you need it, go there. If you don’t need it, don’t go there.

If you want to get rich, you don’t need to drive an Uber. Follow our investment methods and live a happy life. Read more books, strengthen your spiritual energy, and read more philosophical books. Gods who make you happy are gods. That’s human beings. Isn’t this the value of our lives?

So you can be big or small, but you have to doubt the way of success defined by the world, and you don't want to accept it all.

So the first year of the explosive growth of human science and technology, this is what I will talk about in this chapter, so human beings will develop faster and faster, so you have to know that 20 years ago, ten billions was 10 billion US dollars, which was the down payment of a full bullet. Now it takes 1,000 billions, and 100 billions to become the top ten richest people.

It has been moved. The down payment used to be ten billion, but now it is 100 billion, 10001,000. Hey, hey, can you catch up now?

Everyone knows that Apple 1G’s revenue and profit is the sum of all listed companies in Taiwan. If you know it in one year, do you still want to invest in Taiwan?

Of course, I'm not saying that Taiwan is not good, Taiwan is very good, but from an investor's perspective, you want the maximum return on investment, do you understand?

Taiwan’s return rate has not been bad in the past two years, but will it remain so in the long run?

Of course he is the leader. In the second and third quarters, your dealer ran ahead of the dealer in the first quarter. Do you think this is normal?

OK, not normal?

OK, so not only do you invest in humans, but you will find that your rate of return is getting higher and higher, so the gap between the rich and the poor will get wider and wider, which is natural.

As you can see from here, my return rate last year was really not good, it was only 20%.

PERCENT 2 Ten itself is also very powerful, the index is around 26.27 20 six point eighty one q is very powerful.

Suppose you are a person with 10 million, how much more money do you have?

It’s amazing, why do rich people do nothing?

Then you can earn so much more money. Young people will not be able to earn the money they earn in a year, and then they will not be able to earn it in their old jobs.

So do you think it's fair?

Also fair.

Me.

In the first year when I started working, I came to the United States like everyone else, but to put it another way, I only had 2,000 U.S. dollars when I came to the United States.

Everyone can be rich, as long as you keep up with this investment growth train, buy when you have money, get on the bus and sleep, don’t fight with others on the bus, fight with others over there, your technical analysis, your basic analysis, your worries, the world’s worries.

If interest rates are lowered, you are also worried about rising interest rates. You are also worried about deflation. You are also worried about inflation.

We are not that great anymore. We are the chairman and don’t have to worry about this matter.

The chairman only collects dividends every year. Once the dividends are paid, they will be sent to your account. If the stock grows, your assets will increase.

This is what the chairman does, and the chairman does not need to know anything.

Elon Musk, Tim Cook, they have to worry.

Red Sea Terry Gou, she is our indirect husband.

Bai Judian is the sacred mountain of Phu Quoc. He is also our indirect husband because he helps my company Apple.

People manage them. What does the chairman manage them and the general manager?

I don't even need to know his name, but he just works for me. That's what a capitalist chairman should do.

The chairman doesn't need to know everyone's name or what the company is doing. You just need to know that the company will make money.

So this is our fate. We are not that great, so you don’t have to worry about the world first, okay?

No, you should just be happy. Those who are ahead in the happiness of the world can just worry first.

Well, this is the trajectory of human growth, so we will have better days waiting for us in the future.

What I want to talk about here is why should you invest in stocks?

Many people invest in bonds. From 1802 to 2011, if you invest one dollar in stocks, your stock will rise to 1.13 million.

If you invest well, after these 200 years, you will only have 1,649 yuan.

If you invest in bill, you will have 268 yuan.

Then don’t talk about gold. Gold should only look at the whole picture.

Then if you put the cash on the table, it will change to 0.0491 yuan or 0.049 yuan.

So everyone should know that you are the only rich person who invests in stock indexes, and everyone else is poor.

That's weird, all the financial industry has to teach you how to be poor.

Because the capitalists just want everyone to be electric farmers and laborers and not to have money, then it would be great if they had money and it would be great if you all became poor, so they want you to buy sticks, bills, and gold. Some even say that cash is king.

I said cash is a big thing, so I don’t want to own a dime of cash, and I borrow money to live.

Not only do I have no cash, I also owe others a lot of cash. You can only become rich if you own stocks.

So if you sit on the train that invests in stocks, the white line curve and the red line going up, you will naturally become rich. If you sit on other trains, you will become poor. Do you understand?

So this secret I’m telling you, no one will tell you the truth. The whole world either doesn’t understand and thinks it understands, that’s ignorance.

The other way is to understand something but say it wrong, that is a liar.

So it seems that most of the world is ignorant and liars.

Except for Buffett, what I saw was that he practiced it personally and told the truth, but nothing else.

Either you are ignorant, or you are half ignorant and half a liar, or you are completely ignorant, or you are a complete liar. Do you understand?

So this is based on the return rate of various assets. The red ones are stocks. In the short term, as I just said at the beginning, in the short term you may lose 40% in a year. In just one year, you may lose 40%. You may have a maximum return of 70%.

In the short term, short-term fluctuations are very large, and stock fluctuations are greater than those of ordinary assets, but we will never sell them, so we should turn a blind eye to this fluctuation.

If you have a good long-term government job, you may have a chance to achieve a 35% return in a year, or you may lose 20% or 25%.

But when you are 20 years old, red will never lose money, and it will never lose money after 20 years.

The highest you can get is 20 percent, and you will never lose money even after 30 years.

So the longer the time, the more you get and the safer it is, do you understand?

So many people say to buy life insurance. I say that since you will never take out life insurance, you should invest in stocks. In the end, if you pay 140,000 for insurance now, I don’t know how much you can get in 50 years, but according to my calculation, it will be 40 million.

140,000 will become 40 million. Even if you pay inheritance tax, you still have 20 million. Does your insurance give you this much?

No, and many people buy insurance.

What kind of investment policy is 140,000?

As a result, after these five years, you don’t have to pay anymore. Let me tell you, he will use your profits to pay the premium. He will put it in his pocket to equal your profit. He will put it in his pocket. When the stock does not rise in one year, he will call you, eh, your profit is not enough, you have to pay the premium.

If you don't pay for the policy at that time, it will be gone. Then if you continue to pay, it will continue to make money. Anyway, the market will rise. You don't have to pay the premium. It will come from the return on your investment and it will pocket it. When your investment stocks don't rise, he will ask you to pay the premium. Anyway, if the market rises, your funds will help you pay. If the market doesn't rise, he will ask you for money and premiums. That's it.

So don't take insurance.

The billionaires are looking for investors more and more. We are talking about this table to let everyone understand. Suppose you have 40 years to retire, or you have a new child, and you invest 85 yuan in him every month.

Then in 40 years, when he was 40 years old, he would have 1 million US dollars. If you invest 85 US dollars, which is less than 3,000 NT dollars, you will have 30 million NT dollars.

If you invest later, you will retire in 20 years. If you want 1 million, you have to invest 1,000 yuan every month. This means that the later you invest, the greater the attraction you need to pay.

This is why everyone must invest as early as possible, and the higher the return on your investment target, the better. It does not mean that low return is good, low return means high risk, do you understand?

You have low returns and high risks, do you understand?

The rewards are low and the risks are high.

Suppose you also invest 85 yuan, and your return is only half 6 percent. Because you listened to those investment and financial management experts about what asset allocation you want, and bought some stocks, the average return is only 6 percent, leaving only 1/5.

They have 1 million, but you have less than 200,000. Do you think you are right?

Forty years from now, if someone else has 1 million US dollars or NT$30 million, and you only have 200,000 or NT$6 million, aren't you a poor person?

Right?

So if you listen to those books or the advice of financial experts, you will be poor.

So why don’t many people in the world invest to become rich?

govern sex Listen to Megan Stanley, which financial management or advice from Li Zhang, which one became the top ten richest man?

No.

So this has proven it all, all the books, all the advice is wrong, and some of it is very wrong.

What is even more sad is that some people read those books to me as Bibles, so this is speechless.

This is to let everyone know that you can be rich very easily. If you invest, let alone 100 US dollars, if you invest 500 US dollars, you invest 500 US dollars every month. After 40 years, you will have 5.94 million US dollars, more than 5 million US dollars. 500 yuan a month in 40 years will be enough.

So if you are an official website and you are very rich now, you are cheating. You can spend it as much as you want.

Then if you have a grandson, then you give him 500 yuan every month and tell your son that the 500 yuan will be used to open a studio account for the grandson.

Forty years later, he will have 5.94 million at the age of 40.

People in Beijing can retire immediately without doing anything.

If these 40 funds are not used, in 40 years there will be 749.1 million, nearly 750 million, so the power of compound interest of money is so simple, so being a billionaire is not a dream, do you understand?

Well, it’s not a dream. I, we are all billionaires. In a few years, some of our students may be among the top ten richest people in the world.

Here I just show the returns of QQQ and SPY last year and this year. Then I will teach you from here. The one I often use is Yahoo finance. OK, if you go to Yahoo finance, then you type QQQ?

Then you can draw a line, and then this is QQQ?

QQQ If you have a full screen, and then the whole screen comes out, then you can see that five years, five years, five years, this is the growth rate, it has increased by 226 in 5 years, and percent 1 million has become 3.26 million.

You can choose huge profits here, or you can choose log. Log is the index growth rate. You will see that the stock keeps rising, keeps rising, keeps rising, keeps rising, keeps rising, keeps rising, keeps rising, keeps rising, keeps rising, do you understand?

It has been rising continuously. How much higher should the ratio increase by more than 300 times?

Percent has risen 4 times, oranges have risen, and they keep rising.

5 times.

The prediction field keeps rising, keeps rising, keeps rising.

It rose 6 times, kept rising, kept rising, and rose 11 times, so this is to give everyone an idea, ha.

Okay, then this picture, this one, and there is a very old one called compare. You can compare, for example, the Apple index with Apple. Apple has increased 45 times from 2009 to now, 4,485 PERCENT index.

So Kenzi, what do you call investment QQQ?

Why don’t you tell everyone to invest in Apple?

This is hard to buy with money, I should have known.

Do you know that?

If the apple falls, and you see the index does not move, then if the apple falls from here, you may sell it.

If Apple goes up here, you sell it if it goes down. What do you understand?

Apple costs 99 yuan here or 100 yuan. If it falls here, it means Apple costs 32 yuan here and 24 yuan here. How much does it fall?

You have sold 25 percent a long time ago, but the index has not moved. You can see that the index has not moved.

Apple is 70 yuan here.

I don’t want Apple to be sold here for 23 yuan, but it has dropped to 14 yuan, a drop of almost 50%. You have also sold it here.

Therefore, investing in individual stocks is not as simple as you think. When it falls, you will sell the index.

No, you can't, because it's very stable, so when the stack of apples falls down on you, would you say something happened and the apples are going to fall?

Or is it because his mobile phone is not selling well or something?

Ta-ta-ta-ta-ta-ta.

For many reasons, your devil will come out, and as a result, you will not make any money, so you can compare here.

But didn’t I say that this comparison is meaningful?

In fact, it doesn’t mean much. I asked you not to sell, so I’m just telling you, that is to say, this is the picture we are looking at. Tesla has risen more than 300 times. Then you say, buy Tesla like this. Let me tell you, Tesla has not risen from here in 2010 to here. I think you have sold and bought a lot of Tesla a long time ago. From 8 to today, there are very few. Do you understand?

There are a lot of people buying Tesla, but there are very few reports today.

I'll tell you when I bought it. Of course, I don't mean that I'm great, because most of the time I heard people say they bought Tesla, so I bought it. So the point we bought Tesla was at the end of 2019, and we bought it here.

Buy it here?

Why buy?

Because when our students had dinner together, they said that three or four of them all bought Teslas.

I said, oh, you started buying Tesla, should I just buy stocks?

So this is my point of purchase, so this is just a comparison, not certain.

Yes, don’t buy individual stocks without you. I didn’t tell you to buy individual stocks.

OK, I didn’t ask you to buy individual stocks.

Listen clearly, I'm not telling you to buy individual stocks, OK, I'm just saying that with this picture and text, you can use execute and it's very short.

Excuse?

In December 2015, I wasn’t just telling you about the market. So yeah, will he forget that the 1st of 2015 is 2015?

Just don’t watch this, and don’t watch anything good.

But if you hold this stock, has it really dropped from 180 to 150?

No, 99 is stacked here, 52 is stacked half here, the same as here.

260 is going to drop to 140. This stock is so torturous. If you are a person who only invests in individual stocks, you are like this. You have no choice. OK, not having to choose this is life. OK, this is the person who invests in individual stocks.

Therefore, I do not recommend that you invest in individual stocks, and try not to invest in individual stocks.

If you want to invest in individual stocks, you must have the intention to return to zero before you invest in individual stocks. Do you understand?

Okay, I just talked about a tool to let you know it, and we will come back to our lecture notes.

This is what we have done in the past. We have suggested that everyone invest in GPT c. I mentioned GPT c on crohouse this morning, and GVT and Bitcoin actually passed by. You surprised me.

Because I rarely watch the market, I have nothing to do at the end of every year. For these two weeks, our COC activities have stopped, so I took a closer look and found that GLDC's return for the entire last year was only 7 PERCENT.

This Bitcoin fluctuates so violently, and there are 6 billion PERCENT, so this target should be bought wrong, and either it is wrong, or its tracking is really bad, so I suggest that everyone should sell GPT c and replace it with your QQ, or if you can, you are still a person who has great faith in Bitcoin, you can buy it or go to Coin Base, and then go to a large dealer with more trust and credibility to only buy Bitcoin itself.

Let me tell you, didn’t I say before that you can only buy to death and not sell?

Why do you want to sell GPT c or sell the four major funds now?

Let me tell you, the spirit of fighting to the death is like this, which means that when you buy a target, your understanding and confidence in the target must reach the level of extreme belief.

You have to firmly believe that you should own it for the rest of your life. If you don't want to own it for the rest of your life and you want to sell it at a high point, then you shouldn't buy the stock and you shouldn't invest.

So when we buy, our faith reaches the point of not selling until we die.

But when you decide to buy, you have to reach the level of belief, which is called fighting to the death and not selling. So if you want to buy anything, you must have the spirit of fighting to the death and not selling.

Just like if you want to get married, you can't say I want to get married. I just plan to get divorced in three years, so you don't want to get married.

If you plan to sell every few months or a year and sell at high points, then you shouldn’t invest. That’s called speculation. Then you should leave the market, because you will go bankrupt if you are in the market. Do you understand?

Okay, so here are a few suggestions. We have been communicating with everyone from the past to the present. The first thing is that in the United States, you can buy QQ for 300 to 400 yuan, so if you have 500 yuan or 800 yuan, you can only buy one share of QQ, and you need to have 300 yuan in cash to relax there.

But if you buy QQ QM for 150 yuan for 800 yuan, and buy 150 yuan for 800 yuan, and you buy 3 shares, the remaining money is only 49 yuan.

So for small investors, for every young person who can only save 300 yuan, 500 yuan, or 1,000 yuan per month, your investment is to buy QQ QM. Then the money you have left every month will be less, and your investment efficiency will be higher. Do you understand?

We no longer recommend investing in all active funds. After this year, we found that active funds always have their flaws, and they are too volatile. QQ's passive funds still have stable returns and high returns. You can eat well, sleep well, and have no worries.

So if you have AR k, you should sell it and transfer it to QQQ.

If you have an active fund such as FDG RX, Franklin High-tech, or a to-price high-tech active fund, I suggest you not to hold it now, just sell it and transfer it to QQ QQ QQM.

You have GPT because it is not good at tracking performance, so you should also sell it and move to QQ and QQN.

In addition, there are three index funds here, so if you really want to buy this, you can buy these three, but some of them don't seem to track very well, and some require a lot of funds, such as 250,000 to buy.

Therefore, if you can buy QQQ> QQM, you should not buy other active funds or index-tracking active and passive funds.

Unless you put it in a 401K, like a US 401K.

There is nothing you can do about it. Your choices are limited. You can only choose an active fund with good performance. Of course, it would be better if you can choose passive funds.

For Taiwanese investors, in the past, because Taiwan did not have 007570 or 00662, we would recommend buying the four major funds, the Franklin High-tech Fund, the Morgan Stanley U.S. Technology Fund, the Morgan Fund U.S. Growth Fund, and the BlackRock World Technology Fund. Now they have all been redeemed.

I suggest that everyone redeem it. No more dealing with the initiative or the bank. You can just redeem it and buy 0075 G 00662.

This is a passive fund, so it’s good if it’s stable.

Because many small investors used to use fixed deposits to buy the four major funds, I now find that many brokerages now allow you to buy 007570066 in fixed amounts on a regular basis. The following brokers allow you to buy two funds ETF on a regular basis.

In the same town, Yushan Town, Zhaofeng Town, and Fubon Town, Yongchang, South China, if your securities dealer doesn't ask for it without you, and you don't open it, I will remove the certificate. That's it, that's it.

Yes, some securities firms allow you to buy fractions or shares.

I don't know if q can be used anymore.

Can I buy Lingling via QQ?

Hey, 0 shares, I don’t know about this, so if you can buy 0 shares, that means you can only buy 0.5 shares of Q1Q, is it also possible?

Or can I buy QQ QM for 300 yuan?

I don’t know, or QQI for 300 yuan don’t know. If it is possible, of course it will be OK.

Just use it. I haven't seen it yet and place an order. You can place an order and say I want to buy QQ for 300 yuan.

If it can be like this, then of course it is good, that is, you can have 0 shares to order, and you can buy 0.983 shares, and then if you are in China, these stocks will be for everyone's reference. These stocks are very special in China, that is, there are a lot of index funds in QQQ, ETF is not like 10, but I looked at them and they are almost the same.

Some of them are due to Q1, so there are some QQDI, and some will not be sold when the quota is full. You can only buy them after someone sells them, so the subscription is a bit unclear. Not everyone can subscribe at any time, so you can refer to these tables and buy whichever one you can subscribe for. I found that most of them are similar.

In Hong Kong, you can buy 3086 with Hong Kong dollars, you can buy 9086 with US dollars, you can also buy 2834 with Hong Kong dollars, you can also buy 9834 with US dollars, you can also buy FNG plus, which is like Taiwan's 00757.

If you use Hong Kong Airlines, the Hong Kong dollar is 9814, and the party member is 2814, okay?

These are just for your reference.

What can you buy?

There are many places around the world, including Europe, where you can buy EQ and QQ.

Ha, anyway, please refer to our YouTube description below, which will give you all the ETF in each region, Australia, Canada, or Europe, what kind of ETF can you buy?

This has been bothering everyone.

How to buy?

Buy in batches?

Single purchase?

All-in.

Of course I am very simple, of course I am lazy to answer, I just tell you to all in, buy it if you have money.

But if you really want me to explain, where can I explain it?

Someone left a message saying that it's OK. It seems that you can buy 0 shares of tax-free stock.

That's great. If your brokerage can buy 0 tax shares, that's great. I'll try it too.

Swish, brush, brush, okay?

Because it’s difficult for me to place an order.

Then there won't be anything like 34 yuan or 360 yuan left to buy.

If you want me to give you a suggestion, this is also a suggestion. I don’t want to make life complicated, so I mostly tell everyone to buy it if they have the money.

Well, it was bought in one minute. Like Mike, he took the step immediately, bought it immediately and took a test drive. Once he took the step to test drive, it was over when he took the step, right?

There are so many worries, but we actually don’t need to worry so much in life.

The market will always rise, so the sooner you invest your money, the better.

Suppose you have a situation, one of which has already existed in the past. He has invested more than 3 million, and now he has an extra 50,000 US dollars. Well, the more than 3 million has already made a lot of money, so here is the 50,000. As for the more than 3 million, it is actually very little.

Then you really bought it at the market price, OK, it has no impact on your assets at all.

But suppose you are half in the market, half have already invested, and half are in the market, and you want to get in all because you listened to our words. Then if you are half in the market first, you should adjust it first.

The sloppy little stocks in this half are at the market price. Sell them at the market price on Monday, and buy QUQ or QUQN at the whole market price, which will solve all your pain in one minute.

After that, half of your capital will be slowly bought in three months, so that you won't start losing money before you start making money.

So you can, if you have a share of funds, first transfer half of the funds to the right target.

After that, half of the funds will be slowly bought in three months. Then you should end up, and you will buy a better one, which is a more comfortable way to buy it.

If you haven’t invested at all and just started investing after listening to our video today, how are you going to buy it?

That's your way.

Why can't you hear my music?

You can listen with headphones, but the sound is very small.

So if you have never bought a stock, and now you have, say, 300,000 US dollars, or 1 million Taiwan dollars, how do you buy it?

Then you buy it in half a year, because if you really don’t dare to buy it in one transaction, buy it in half a year. On the first trading day of each month, you can buy it in 6 batches.

Or if you buy it every Monday, if it’s too much torture for you every week, then just buy it for him out of 15, the point is not how to buy it.

The focus is on the short term.

Just buy it as soon as possible. As long as you don't sell it in the future, sooner or later you finish buying it, and you will finish buying up your funds, and you will have completed your mission. Do you understand?

Let me take a look at this.

How much tax-taxed stock can I buy for deletion?

I don’t know, you can’t buy tax stocks at other times.

OK for delay How many can you buy?

I don’t know, if you can spend 400 yuan, it will automatically help you buy 400 yuan of QQ.

OK, I'll give it a try.

It seems that someone left a message saying that Joshua can't do it, I will try it again, or I will ask my women's clothing again.

The reason why mainland QDI funds are sometimes unable to trade is not because of the quota, but because Hong Kong securities firms are closed on holidays or the United States is closed.

Friends, please pay attention next time and leave a message like this this time, thank you.

Someone left a message saying 51513100, which has outperformed 15159941 in the past few years.

In fact, in the long run, it's still about the same. Yes, I have compared this. Sometimes this is better, sometimes that is better. Is it one year, two years, one month, or three months compared to you and you?

I have compared them, and they are a little bit different, but sometimes this one is better, and sometimes that one is better, so I don’t need to worry about that first. I think those funds are all pretty good in the end. You can buy it in CHAT shop for 5 yuan.

I think Chat Shop has a kind of slice. In terms of slice, you have to choose 5 SPY or 5 QQ stocks, and 10 stocks can be selected at most 10 stocks.

Then you need at least 50 yuan. You can buy a stock of Anmei for 5 yuan, and you can use slice to place an order.

You can use slice to place an order.

You can place orders using slices.

I know, thank you.

513100 and 160213, this one is very simple, this one is the same, let's take a look at this comparison, you see this comparison is very simple and the same, this picture can also be compared, this 5131, let me see if there is any comparison with 513100?

Can we compare?

I took a look and saw, yes, there is 513100. This can also be compared. OK, so this is 513100.

So which one do you want to compare?

The message just now said that 513100 is the same as 160213, so it is the same, so you are 160213.

60213160213, and this can also be compared. Compare the two and change the color.

Am I not compare?

513100, well, I can’t compare, well, it’s quite special, so there’s no way to compare it here.

Why do I use compare? Indeed, you have to hit one six, and you have to hit another one, one six zero two one three.

Yes, and my teammate ran out of 51310 mil 160213, let me take a look, let's just find another 513100513300 and have a look, 513300, yes, this time is too short.

OK, then you can compare and come back to 270042270042.

If you don't have it, I'll teach you how to use search engine, and you can do it.

270042, let him search for this and he will come out of EnNASDAQ. You can see that he has come here. This website is not bad. Tiantiantong Fund. If you look down, you will see its performance and you can reach the price. You can compare it with QQ. You can find it as long as you type in.

I, I have already looked for this, so you only need to look for it in the search engine.

search engine What are you looking for?

161130116113061130 Searching for it will show this error, let me take a look.

If I look at 1216, there is no one. This one is not there. There will be one, one, six, one, one and three zero in front of it. The same as 16,1130, you can find his performance. Everyone goes to find it. I will give you a to, and you can go to him to compare. I have compared everything I have seen, so if you are willing to take the time to fry rice by yourself, otherwise, I actually don’t see any difference.

For long-term investment, I think the tracking in mainland China is quite efficient.

It seems quite efficient.

Okay, let’s compare. Everyone has compared, and I have also compared with everyone.

That's right, you can't slice Q1Q Is there a way to do prege in Hong Kong, China?

I don't know this.

I don't know this.

I think the capital and financial markets in the United States are relatively flexible, so they provide all investors with powerful weapons. Therefore, the more financial troubles a country has, the more weapons the people of that country will get.

Taiwan is also very good, and stocks can also be Prege.

The United States is also very good and can do Prege.

Like Australia, Canada, and Europe, I think they are a little too backward financially, and these countries will have problems in the future.

What we compare in capitalism is not production, export, or anything else, but finance.

The higher the financial flexibility of which country, the more bullets the people will get, and the stronger the weapons the people will get. This future will also be compared in this aspect, QDI can be bought and sold at any time.

Okay, I want to leave a message and answer here first, but Yahoo can't find it.

Yes, some of them cannot be found on Yahoo, so instead of going to 160213, you enter it into the design engine and you can find that stock mortgage loans can be made in Hong Kong, China.

You can do it at a securities dealer, but the interest rate is relatively high, 7-8 percent.

Then don’t go too high, the interest rate is too high.

In Hong Kong or other countries, if you cannot do mortgage loans in your country, you can use IB Interactive Pro broker maybe, but I don’t recommend it.

Use it if you can, forget it if you can't, invest the money you earn first, and then build the four major investment funds in Taiwan.

Which four major funds?

You bought the Franklin Gold Fund four or three years ago.

Is it the fund mentioned in the film?

Yes, so you already have the Franklin Technology Fund.

My advice is to redeem it.

If you don’t redeem it, I won’t know. For example, I didn’t redeem my mother’s account because he didn’t redeem it.

I couldn't move it to the securities account to buy 0.757, and I had to buy and sell, because I had to pay for his living expenses. Each time I sold it, it was 1.05 million, and it was difficult to sell it for 100,000. It was easier for me to sell it in the fund, so I slowly stopped moving.

However, the best among the four major funds should be Franklin High-Tech Fund. Many of them suffered losses last year. This year, only Franklin High-Tech Fund still has 4%, but its performance is still very poor.

Anyway, I still recommend leaving active funds if you can.

I will not continue to answer that message now, because the message will leave you with endless answers. I still want to finish the class as soon as possible.

I will answer these messages slowly, please wait a little longer.

Okay, the only thing to buy is this week. If you don’t want to worry yourself, just be a connoisseur and just buy it on Monday.

So if you had three to four million dollars in it before, US dollars or tens or hundreds of millions of Taiwan dollars in the market, how much do you have now?

NT$1 million or US$50,000 or US$100,000 will have little impact on your asset Roe.

If you only have half in it, if you buy a single transaction and the market falls, you may have doubts about losing money. Then you should first concentrate the assets you already have in QQ, 20075700662, and other scattered, random purchases, and previous random purchases in 00757006662 or QQ.

2. After concentrating, use the remaining funds to buy slowly in three months. Because you have just adjusted your body and are still recuperating, then you don’t want to spend 3,000 yuan at a time.

You can slowly buy him interest in three months. Then you have never been a runner, so don't sprint from the beginning.

Then of course you can buy it slowly over 6 months. This is just to give you another choice, okay?

What is not a good investment?

Isn’t insurance a good investment?

You go to my Facebook, this Facebook, that wealthy in the fifty, check out the article about not buying insurance. In fact, I have several articles in the article suggesting that you should not buy insurance. This article was not written by me, this article was written to me by an insurance businessman, so even if insurance is the most economical, you can just buy turn.

He said that insurance is the only real investment option, but for people who don’t need to buy insurance, my CUL is still strange.

more index universal life, this is scary, very scary.

OK, then you slowly understand that it doesn’t matter if you don’t understand it, as long as you don’t buy it.

OK, I suggest you redeem everything you have bought, so redeem it as soon as possible.

You are buying insurance, but you are buying insurance, not investing. Therefore, insurance is not insurance, it is buying a risk that you cannot bear.

Suppose you go to work today and your savings are only 100,000. If something happens to you and your wife or children will have no living expenses, then you may have to buy something called turn turn life. OK, it is not buying life insurance, you are not buying any savings, nor is it buying investments. You are buying a turnip accident insurance. For many insurances, especially in Taiwan, you have to buy personal life insurance first, and then add some accident insurance to you.

In the United States, let's see if they buy Turn Lab, which means that if you pay dozens of yuan every month, if something happens, they can give you 1 million.

Is there such insurance?

In fact, the social security in the United States is very good. Let me go and take a look at your social security. When you started talking about the social schedule, if your child is not over 18 years old, he can give it to you when he leaves. It is like giving you 1,500 yuan for a child. If you are under 18 years old, the person who takes care of the child can get 1,500 yuan. If you are disabled, you can also get a lot of benefits, so it is much better than buying a turn life.

If your whole family has a disability, if you take it away, your whole family will still be able to get four to five thousand yuan a month.

So I think American social is pretty good.

So your one is much better than buying Tenay and nothing else.

So in fact, you have social security at work, and you already have some insurance. Then you just need to invest well, and 100,000 or 200,000 becomes 1 million, and you don’t need any insurance if you don’t have any insurance.

Then your house is not a good investment. It will get old, and it will only get old. You have to pay taxes as you age.

It is better not to have stocks. You will have no cash flow after retirement. If you can only rely on rent, let me tell you, you will still be very poor. You will still be very poor.

You have three houses in Gutino, two of which are rented.

If you have 10,000 yuan a month, the real estate tax for a house worth 120,000 yuan a year will cost you 40,000 yuan.

If you pay 40,000 yuan for 120,000 yuan, you still have to pay taxes on the remaining 80,000 yuan. You have to pay taxes on the rent. Then you have to pay 40,000 yuan after paying the tax. You have 40,000 yuan left to use. I earned 600,000 US dollars from August last year to now, and I don’t have to pay a dime in taxes. I don’t have to sell stocks. Do you understand?

So having a house is only for the poor, and the rich don’t play with it anymore.

Young people, don’t rush to buy a house.

Yes, after you have invested, I will teach you how to buy a house without paying any money later, so you can buy a house without paying a dime.

If you want to buy it, then if you want to follow my example and live in a five-star hotel to pay for food, that’s fine.

How big of a party are you going to have?

For a party of 200 people, I need more than a dozen for classes.

In the past, I was stationed directly in hotels. How do you teach at home?

In the hotel, you can have a party or get married.

Do you want hundreds of people?

Securities and real estate are not good investments, do you understand?

Bonds are not a good investment, let me show it to you?

Take a look at the bonds. Why doesn’t this one go up?

How come I don’t have enough to collect?

Look at this bond, the TLT TLG 20-year Treasury bond fell by 6.3 last year, and PERCENT fell. Goodbye, how can it be good?

How about goodbye violence?

17 percent in 5 years. Do you still believe in these financial experts and financial experts who tell you about the balance between stocks and bonds?

Are you banging your head, or can't you understand this number?

One is lying on the ground, and the other is in the sky. This is the difference between a poor person and a rich person. Don't invest with low returns, and the risks are extremely high.

People are already flying first class or private jets, but you are still riding a bicycle. This is the difference.

Got it.

So no one will tell you the truth, you will only listen, and they will tell you things that make you feel comfortable. Why don't you accept this?

Well, forget it, so only the QQQ US index is a good investment, and you will have to suffer for other stocks for a while.

It is not a good investment to build a house with debt. Here is an example. I will just explain it slowly so that you can listen slowly.

Suppose you buy a house in the United States for 1 million, and you want to live in it yourself. Don't come and tell me that you can rent it out and still charge for it.

Have I rented it out?

If you live there yourself, don’t you need a down payment of US$200,000?

Do you want a loan of 800,000?

The interest is 3.5, for 30 years, the monthly payment is 3,592 yuan, plus real estate tax, the monthly payment is 11,000 yuan.

The monthly cash flow of a house buyer is 359 yuan, 92 yuan plus 1,000 yuan is 4,592 yuan, and you have to pay this amount every month.

And I told you that for a career, this house may be taken away. So let’s not be so pessimistic. You will still have a job?

You have to work for 30 years to support this house and pay 4,592 yuan a month.

If you don't buy this house but rent it, then if you spend 3,000 yuan to rent a house, you should live in about the same amount, and the rent will increase by 3% every year.

But you can reinvest an additional 1,592 yuan, which is 459 four 4,592 yuan minus 3,000 yuan.

You who rent a house have an extra 1,592 yuan a month that you can invest, and if you need a down payment of 200,000, you can also invest, right?

Those who buy a house in 30 years will have a 30-year-old house.

I use 7 PERCENT to grow seven. Perl growth is in Jinhua District, and only 7 PERCENT is available in the egg yolk district. Congratulations, you bought the egg yolk district.

It's uncertain that you can't buy a house with 1 million.

Suppose you are in the egg yolk area and there is basically a rate of return. On the 36th, your old house will be worth 7.61 million.

But for a person who rents a house, the 200,000 yuan will be returned to 6 million or 5.99 million yuan after 30 years. He invests 100 or 1,592 yuan every month.

Originally, the annual return rate was 12 percent, but because the rent would also increase, some of the money he earned had to be used to subsidize the rent.

3 PERCENT, so his return rate of 1,592 yuan cannot be used as 10.

Just use 6 PERCENT to calculate 2 percent.

After 30 years, the monthly savings will reach 1.545 million, plus the 5.99 million earned from the previous 200,000, so the total is 7.54 million.

The value of assets of the person who bought the house is about 100,000 yuan less than that of the person who bought the house. The person who has less than 100,000 yuan is 76, one minus 754, which is 70,000 yuan less.

But we don’t have it here, including buying a house, and people need to repair it, so this 70,000 yuan should be more than 70,000 yuan, so two assets are almost enough.

After 30 years, everyone will retire. One person has a house that has been more than 30 years old, and another has 7.56 million in cash and stocks.

The person buying the house is retired and has no cash.

Don't tell me that he still has money to buy another house. We are talking about one thing. Of course, you still have money to buy another house, and others also have money to invest in other places, right?

Let’s just compare, one is an investment, one has not bought a house, and the other wants to buy a house.

The house cannot be mortgaged, and your retirement home cannot be mortgaged. Then you have to sell the house, otherwise what should you do?

Do you have to pay taxes when selling your house?

Yes, half of the payment is finished. You now have 3.8 million. This has not yet been mentioned. You have to pay it to the economy, right?

7.54 million real estate economic investors can stay there intact as stock mortgages, and can also borrow the full amount to buy a house.

I'll teach you how to borrow the full amount.

We have a friend who came from Taiwan with more than 800,000 yuan, less than one million US dollars.

There is no country and no job. The two of them are older and have a child.

To buy a house, it would cost him two to three thousand yuan to rent a house. If he wanted to buy a house, no bank would lend him a loan, and he only had 1 million US dollars.

I said go to the toilet and tell Chao Shao that it’s okay. What kind of house do you want to buy?

He said I was buying a house worth 500,000 yuan. At that time, he thought I was buying a house worth 580,000 yuan. He said yes, no problem. He bought QAQ with 1 million yuan and still had a quota of 700,000 yuan, but he didn’t even need to touch the car.

Did he say he wanted to buy it?

He said yes, no problem.

What do you want to buy?

580,000, no problem, go and buy it, tell me after you buy it, and I will directly loan you 70.58 million.

I will give you as much money as you want for the house you buy.

It was completely bought in cash, so it was easy for him to buy a house. Because he bought it in cash, he bought a house worth 580,000 yuan. He didn’t even use the 1 million yuan. He bought QQ without using it. His 700,000 yuan limit remained there. If he didn’t use it, the bank gave him an extra 580,000 yuan. How did he get the 580,000 yuan?

It's from a bank house loan.

Why should we give him a loan for the house sale?

Because he has 1 million, he doesn’t need me to work, because this is how we borrow money, do you have a job?

If you have credit, I'll lend you one.

You don't have a job, well, you have 1 million as a mortgage with me, so I think you still have pretty good credit.

I bought a 580,000 house because of you. You should be able to afford it, so he also lent you the entire 580,000 yuan.

The even more beautiful thing is that the principal does not need to be repaid, and he only needs to pay the loan interest every month.

As far as I am concerned, the interest rate is cheaper than renting a house, so it is like buying his house without cash, and living in it and paying interest is cheaper than renting an ordinary house. It is still a brand new house, so do you understand?

So it has a QQ of 1 million yuan, and a house of 580,000 yuan. It owes 580,000 yuan to the bank. It has a credit limit of 700,000 yuan. It can slowly use the house and only pay interest. Later, when the interest is paid to him, it seems that he only needs to pay more than 1,000 yuan a month. Do you think it is great?

Great, more than 1,000 yuan in interest.

Originally, it was just over 1,000 yuan a month in interest on your 500,000 to 600,000 yuan.

If that’s true, don’t you think it’s great?

Is it wonderful?

It’s a waste of money and you can buy a house entirely in cash. Assuming you have enough money and stock assets, how much money do you want?

It costs nothing to move everything from the bank, and it costs nothing to buy a house.

Do you have this benefit as a house owner?

No, I am going to buy a house now, as long as I like it, without any money.

I understand, so this is how rich people play.

Look at this charge up purchase of a house in Paper Beach. Do you think he paid a dollar?

If there is no business, he just tells the bank that I want to buy 15 houses worth 15 million US dollars, this one on the seaside. If you want me to lend you, then you can lend him 15 million US dollars. He only has to pay interest, and he doesn’t have to pay interest, because the interest is rolled into his debt.

For example, if I spend more than 600,000 US dollars now, I don’t have to pay interest. I roll it into the principal myself, and I don’t have to spend a cent at all. Do you understand?

This is the game of capitalism, and I teach you this, OK.

So his friend, alas, is living a very good life. The stock has risen a lot in the past five or six years. This one has increased four times, and that one million has become five million.

There is also a free house worth more than 500,000 yuan, which may have increased in value now. The increase in the value of the house is still his responsibility. He didn't even pay a dime, and he can still make money, and he also pays a little interest. Look how cool it is.

So don’t buy a house at the beginning, first have enough stock assets. You can buy as many houses as you want without using money. You don’t need to sell a single share of your own stock and use 12 of your own funds every year. Now that you are growing, you can borrow other people’s money to buy a house without using money, OK?

So you know that the longer the time goes by, the faster the wealth of the renter will increase, that is, there is no one who buys a house, and he will not use his own money to buy a luxury house in the future.

If you live in an old house, you will be so poor that you only have one room left, and it is still an old house. Each room is just a spoonful of pork. This is the difference.

So why don’t people buy houses?

If you want to buy a house, go ahead and buy it. Don’t trade it. If you trade it on the market, you have to pay a lot of money.

I've been talking for two hours at 8:30, so I don't think this will be done in the long run.

It’s very simple here, that is to say, if you don’t do anything, even if you pay 25 cents in tax recognition in the end, you will still have 9 million.

If you operate every year and want to operate short-term, then you put in ordering income, and you will only have 3.46 million left. If you operate occasionally, your funds will only be 5 million to 6 million to recharge, so you will be at least 1/3 better than if you did not operate.

OK, no operation, no socket, no tax.

Many people say that in capitalism you don’t pay taxes, what about society?

Let us tell you, I am happy to pay the taxes that should be paid, and I am willing to pay them, and I will not lag behind others in paying them, do you understand?

I pay more taxes every year than you make, why?

Because I transferred II to rust, I can’t finish the transfer. I have to transfer a lot of money every year.

That’s a lot of taxes to pay.

That's the money I have to pay, and I'm happy to pay it, what?

Well, I am very happy to pay taxes, so if we have good finances, the first thing is to use low interest. If we invest it well, debt will be a good investment interest. Low interest is a powerful tool for getting rich.

I say a person has two legs, the first four. If you borrow money, you will have eight legs and you can run fast enough.

The consideration when asking you to borrow money is that the more you can borrow, the better.

The longer you can borrow, the better, the less you can repay, the better. It is best if you can only pay interest, and never have to pay it back.

Then let me tell you, SBL is security base long, which means you never have to pay back the principal and interest.

OK, his interest will automatically roll over the debt. Just because I didn't pay the interest doesn't mean I haven't paid it back.

I didn't pay the interest.

He, I was, he deducted it from my quota, I paid it, but I didn’t log in to pay it myself. Don’t say I didn’t pay it, OK, so there won’t be any fines.

Debt is real estate mortgage financing and new home loans, so you can refinance in Taiwan or the United States. To open up the money, you need to go out to buy a house and invest. If you have already bought it, then either sell it and sell it quickly.

I think it's best to sell it right away. If you don't want to part with it, then you'd better take out a loan for the full amount.

Now that you have a house and you want to ask Knocking to give you a full loan, he probably doesn’t even have the door.

But if you sell your house and buy a new one, they may be able to give you all cash because your mortgage assets are sufficient.

One advantage in Taiwan is a salary loan, which means multiplying your monthly salary at work by 2022 times, which is the amount of loan you can get.

You can pledge stocks. Go ahead and do the stock pledge. Then you can use up to 20 percent of the stock pledge, which is 1 million. You can use 200,000. In the United States, it is 1 million, so you can use 200,000. 200,000 minus 100,000. You can use 400,000 for 2 million, minus 100,000 to get 300,000.

If you have 3 million, you can use 900,000. If you subtract 100,000, you can use 800,000. If you don’t have 3 million, you can use 600,000, minus 100,000, and you can use 500,000.

If you pledge stocks, you will have a quota, which can be used for emergency backup. Therefore, people with quotas are safer, and people with borrowings are safer.

If you suddenly lose your job, at least the bank still has a limit of 300,000. You don’t have to sell stocks. You can spend the 10,000,000 for three years, right?

In the end, you can get away with nothing.

It costs nothing to buy a house. OK, then you pay a little interest, which is less than rent.

This is what I want to teach everyone the key to becoming rich.

For a good investment, don’t worry too much, don’t worry too much, you don’t need to do any analysis, and you don’t need to read the financial report. Look at our entire teaching. There is no financial report in today’s teaching, and we ask you to pay NT$100 million for the lecture. You don’t need to read it, and you don’t need anything. You have to buy the index, hold it for a long time, know how to borrow money, and don’t have to pay taxes. This is how we get rich.

OK, come on, let’s see, I want to ask everyone a question. Anyone who has a question can raise his hand, okay?

Then there is a problem here, that is, the 5055 reported on July 0th is not 28, but the return rate of No. 0 is almost 458 after removing the two Gonggai stocks. What does the teacher think?

I have no opinion.

If you don't like it, just buy 00662.

Then recently, the Chinese concept stocks have been rising by 4% every day. If you weren't like this, you wouldn't have fallen more than you did last year, right?

Don’t have passive funds, just buy them. Don’t have your own opinions. If you don’t like them, just buy 0066, right?

It's very simple. You don't need to ask.

There is a website here. Please read the comments. There is a website invest.

com You can check many funds here.

This is Charles rub the slice OK, this can buy slice okay.

XQ, if you have any questions, please turn on the microphone to speak.

Can the teacher hear me?

Yes, please say.

Teacher, would you like to buy the company’s ESPP?

How much is your price difference?

50% off.

Then you paid the tax on your AMT, right?

Then you just sell it when you buy it, and pay taxes when you make money.

So it’s like you’re only earning 10 PERCENT anyway, right?

Hahaha, if you buy it, sell it.

Our company's stock performance is not as good as QQQ. Its one-year performance seems to have dropped by 2.8 percent last year, and its performance in the next two years has increased by 31 percent. Compared with QQQ, it is much worse.

I am hesitant to vote for ESPP.

Okay, you can just buy it and sell it, buy it and sell it together, for example, 100 shares, and then deduct 30 or 60 shares from you, and give you the money from the sale, that's it.

Yes, that's right, that's good. You're empty-handed anyway, so it's just a waste of money.

10 people will not convert if they don’t convert.

OK, I understand, thank you teacher.

You don't want to sell stocks immediately if you hold them, just place an order with them, that's zero cost.

Zero cost.

Well, just sell it.

Then your company will text on hold. Oh, yes, uh-huh, okay.

Teacher Xie, what is the conclusion of the teacher?

It doesn’t matter. There are many, many funds in China that you can buy from my Chinese fund. If you watch my video, do you know which funds in China can buy it?

Then you pick one.

Isn’t this the video I just had?

So I already have the videos, so I won’t post them again.

The video lists all the funds that can be purchased in China.

okay now Raise your hand if you have any questions.

Which Grace website do you want to look at?

slice I didn’t see the message, so you might speak on your mic.

Yes, one person said that he has an interactive broker. He is pro and has very low interest rates.

I know this very well, I know it, so if anyone recommends it, there will be a bonus of 200 yuan.

OK, OK.

If you are willing to advise, just leave an email and leave a message for everyone to contact you. You can recommend an interactive broker if you need it, because it is not necessary for people in the United States or Taiwan.

For those in Australia and Canada where financial operations are very troublesome and they cannot borrow money, you may be able to use this method.

Well, this olibia has posted about Chinese funds, which will change during the day. OK, anyway, this message is not a problem for you to see for yourself, so I will jump over it. This Edward broke get 200 bonus and up to for everyone. Oh, he has a link. Ha, let everyone up to each n ha.

You can.

If you want to open an in dirty broker, I don’t recommend it. However, in some places like Europe, Canada, Malaysia or Singapore, where the investment is more difficult and there is no ETF to buy, then you may use Interactive broker.

Someone asked me what I should do if my paper's SQ has been stuck for a long time.

If there's nothing you can do, let him trap you.

Then you have to think about it, have you bought a Tesla?

If you buy Apple, you also have Amazon.

I know that the average of these stocks last year was 0, the return rate was 0, and I made no profit. But you have to know that it was 0 at the beginning, but after Tesla rose 10 times, the others did not rise, and the others rose by 1 percent and 5 percent, so Tesla rose by 3 percent.

In fact, I still hold my hand, because Tesla's ratio is already very heavy, so individual stocks should be viewed this way, not every one will rise.

But eventually your entire assets will rise, which is necessary.

Assuming that your entire assets do not rise in the end, you have to think about whether there is a problem with your individual stocks or your ratio.

Also, what if you ask about Paypal SQ?

That means you're worried about our investment.

Oh, why did you forget someone raised their hand just now?

You raise it again and I will give you a speech.

Well, if you ask Pepper if he wants to buy or sell, I want to invest, we are not worried at all. If you are worried, it means that you either have a mentality problem, or you are out of shape.

So what you want to see is whether the overall portfolio is going up. For example, I didn't beat the index last year, and my return was only twenty percent. I'm still very happy because I didn't do anything and I didn't feel anything.

I don’t feel it when Paypal goes down, I don’t feel it when SQ goes down, I don’t feel it when Room goes down, because Tesla has gone up a lot, Apple has gone up a lot, and QU has gone up a lot, wouldn’t it be great?

The overall return rate is very high.

ISI said The king has come to speak to you.

Hey, teacher, I'm sorry, that question was asked by me, can I do it, because I don't know how to use it.

What sentence?

I'm not very good at using sentences, but now it seems like a new one is coming out. There is SOFI on Zhihu. I don't know if it's correct?

I'm not right. If a new code comes out, will the next trend of SQPYP be that there are new ones competing with it? Will it go downhill?

Do you have any problem resetting these two?

That won't be a problem, but then I need to hold it all the time. It will still grow in the future, but may it return to zero?

It's only down 50 percent, like that.

You have no chance of selling it.

It's like the Tesla in front of him who has been lying still for ten years.

But this Tesla is quite special. He affirms that I am more confident about him and I am more confident about him. However, I dare not talk about these two because he dropped from 300 PYP to 310 yuan, and then the SQU dropped from 289. The drop is quite large, so I will buy it now.

Not quite accurate.

If it doesn't fall now, you will hold it. If it falls, you will sell it, and you will want to sell it.

Because I entered after the financial report, because I started buying the bottom at half-31, because I have done it before, but I have taken it back now, it doesn’t matter.

Let me ask you, let me ask you, SQ, if it were not 150 but 300 yuan now, would you want to sell it?

Well, that won't happen.

But if he is analyzed based on the speed of delivery, he has gone bad, which is equivalent to the 30th military training. Then I don’t know what will happen to you in the future if he does this?

As far as you are a technical analyst, you should sell Tesla sooner or sooner or later.

If you are technical.

But in this case, I have more confidence in this company. I can hold on to it. No matter how low it falls, I will hold on to it.

But I just don’t know what to do with these two right now.

You were probably very confident when you first bought it, right?

Yes, I am very confident, but.

Well, it fell.

Just wait for him to make money.

Alas, yes, his financial report dropped to the point where I started buying at half 311, but it kept falling, so I don’t know what to do now.

It is not good to keep buying down. Your ratio should not exceed 500, and you should not buy after buying.

You can only buy it if you have enough funds that you can accept.

It’s not that I bought a lot. This one bought relatively little, about 5% or 10%. The ancient Tesla bought more, 60%.

Well, I'm more confident about that.

If one day Tesla falls by 70% and percent RSQ rises tenfold, will your views change?

Would you say that you have no confidence in Tesla?

Yes.

SPP No, I have great confidence in Tesla and I can keep it for 10 years.

Okay, these two.

Then you should have your own answer. You do what you should do because you are very confident.

But I don’t know these two people very well. They will talk about him in the future, because many new industries will come out at a later stage, and I don’t know how competitive they are.

Let me say that when you first bought it, the more the market rose, the more confident you became. When the market fell, you lost confidence. When the market fell, you thought all the information was because of something, and you started to make up your story. Then Tesla will rise, and you will make up a lot of story.

When Tesla drops by half, you will have another story.

It's hard to talk about this. I won't spray it. That one is really difficult to get, because I have done it for dozens of yuan or more than 100 yuan. But when it dropped from about 200 or 500 to 200, the stock I bought fell again. I will never come across this stock. I feel very unconfident in it. It is really difficult to predict that this stock fluctuates too much and this price.

OK, I can only tell you this about my stocks. If you worry that you don’t have confidence, then you shouldn’t hold them.

Then you may not know enough at the beginning, or you may have misjudged it. Then you should do what you should do. If you are not confident, then you have to sell.

If that's the case, I won't sell it.

Oh, okay, then I choose not to sell it and just wait.

Don’t listen to me, hahaha, do you want to listen to me?

Okay.

I'm different from you, OK.

I bought it just to reset it to zero, because without this willpower, my SQ would not have gone from a dozen yuan to 150 today. I could only think of it being a hundred and fifty, and I never thought it was three hundred yuan.

So do you think he will continue to grow in the future?

This p, these two.

Why not payment?

How much will it grow in the future?

forever, anyway, it is a good company and this thing will not disappear.

Doesn’t that mean that you keep growing?

I don't care how much I grow.

Anyway, I originally planned to return to zero.

Okay, okay, I understand, thank you, thank you.

You.

Which stock do you have?

Apple, Amazon, Microsoft, many people have bought them, why are they no longer available now?

Why didn’t you earn 500 times?

Just because of ego.

Yes, yes, I know myself, my self-awareness is too strong, and I have too many stories about myself.

Yes yes yes yes yes thank you thank you.

I understand that you have to look to history to find the answer. You have to have the intention of returning to zero before you can buy individual stocks. I understand.

OK, thank you, I understand.

OK.

Come on, this is palm metal. I don’t know how you pronounce this. Sorry, PAMELATM.

Teacher, it’s me Pamela.

My problem is that the company's HSA can contribute, which is related to the medical insurance. We can contribute much better, and then we can invest, but it does not have QQQ to share, but it does have the win card fighter index found, which is the same as SPY.

So my question is do I need to contribute a lot?

Or should I just keep the money and put QQQ?

If you put it in your own broker, the money will not be put in your HSA. You must spend it.

Who forces us to spend money?

How can you spend your own money?

Oh, OK, okay, then don't contribute.

Don't contribute Zero at all 529 and don't contribute Zero either.

OK, because I know that our money can not be spent. We will borrow money to spend it in the future. If our money is not spent, we will not spend a dime.

Ha, okay, how can you let others force you to spend money?

No.

Uh-huh, okay.

Don't do that.

OK, okay, thank you teacher.

OK, here comes the YYS iPhone.

Hello, teacher.

who are you?

I am EVA.

Sorry, I used my son's accounts.

I think.

Oh, but I can't see you opening the mic.

Oh, really?

You wait and open it.

Is it open?

I seem to be open.

OK, meaning OK Wang, OK, okay, you go ahead.

OK, Lisa, Lisa, Wang raised his hand before, but then he put it down.

Lisa, just wait a moment, because there's someone up there, someone raising his hand.

Lisa, just wait a minute, don't move, just don't talk, don't move again.

Okay, come on, hey, you're the one to talk first.

OK, okay, first.

Sorry, is it IC?

No.

No, it's me, it's me.

You speak first.

You two, you speak first.

Okay, Teacher Jianzi, this is my first time listening to your class.

Well, it’s really rewarding.

Well, I just have a question. I also read your training media YouTube before. What I said is that each stock exceeds 5%, and it is recommended not to exceed 5%. But now I believe that he is working at Apple. I have been working for several years, almost seven or eight years, so we have never had stocks before. ESP e s e p s are given by the company, and some are given by the company. In addition, right?

Isu stocks are restricted stocks that were given to him. Then we didn’t own any of them and didn’t sell them at all, so now the ratio is very high. I calculated it, and it’s about 20%-30%.

Then I would like to hear your suggestions. Should I buy some?

Because we are still participating in the company's ESPP, I don't know whether to review it or not to participate in such work. Anyway, it is proof of operation.

Your new e s p v is sold at zero cost. Anyway, the company will help you get as much as you earn after text on, so don’t hold it anymore.

What's the name of your company?

APP?

I'm not familiar with it.

Then let me see sorry. What do I mean?

What he said is that he works at apple.

Apple.

He is there.

Apple works at Apple.

I also work at apple.

It doesn't matter if you keep the apple.

Because stocks don’t need to be sold like this, but the ratio is very high.

So do we still have his current e-ESP?

ESP, you don’t want to own it anymore, you just get it and it’s just a catch up, zero cost, don’t increase it anymore, don’t sell it to those who bid it, don’t sell it to those who bid it.

Because Buffett also owns 45% of his Apple, so if he changes it, you will also change it.

Okay, so it is good not to increase it any more, but there is no need to reduce it or sell it.

2. Pay taxes, so no more.

Add more, no more.

Yes, ESPP has participated, but that’s it.

Sell it as soon as you get it.

For example, they all have non-15 percent discounts, right?

If you give you 100 shares and you tell them to sell them, will they only give you the money for 70 or 60 shares after they are opened?

The other 30 shares or 35 shares, it will give you cash on home, it will give you CAX on home.

I don’t have any warehouses to sell, because it has been from the previous seven or seven or eight years until now.

None.

Yes, it’s fine if it’s not sold. Apple has also risen a lot, so if you don’t want to accumulate too much, you can just sell it as soon as you get it. Just like the gentleman just now, just sell it as soon as you get it.

Well, you do have to pay it anyway, but well, if you don’t get it, you won’t get it for free. After you get it, just buy QQQ.

Hey, okay?

Okay, that, oh, why is that missing?

OK, thank you.

That means, you said just now that I told you not to turn off the microphone, did you turn it off?

Gone.

Yes.

Come on, that EC king, you said you use your son to come, you speak.

OK, hello, you just said that the stock can be borrowed to buy a house in full, so I want to ask, if I have a stock, like the case just now, I have 1 million of the stock, then I borrow the limit of 200,000, and use the stock to fall at the same time as the house.

for example, if the stock falls, the house with 700,000 left will also fall. If I become insolvent by then, will I be forced to sell the house, just like the margin, will I be forced to sell the stock?

Still want it.

Are you pledging your shares?

If you only use 100,000 out of 1 million, there will be risks if you use 200,000.

Right?

Suppose you don’t buy a stock for 1 million, and the mortgage money has not been used yet. After you finish prege, it stands to reason that you want to buy a new house. Do you agree to buy it?

How much do you want to buy?

It’s okay to buy it for 500,000 yuan, but if he only has that house for 500,000 yuan, why don’t you apply for a mortgage with him?

Hmm, if your mortgage is 500,000, it will give you 500,000, then you only need to pay interest every month.

Huh, what I mean is that if the stock, for example, falls by half, leaving 500,000, then my house owes him 500,000, and I haven't even paid the interest before.

No, if I don’t pay him back, then I owe him more now.

Have you paid back the interest?

Are you still there?

You just use that Prege money to pay back the interest.

Right?

But what I mean is that if my stock falls by half, leaving 500,000, I still owe him 500,000 for the house, and it may fall even more. If I become insolvent, will I be forced to sell it like a horse roll?

No.

Well, you are separate. As long as you keep paying the mortgage and interest, he doesn't care how much your house price is. He doesn't care, right?

Is this true for home loans?

Oh, OK, so the amount used is different from that.

How could that be different?

He would not control the house even if it was insolvent.

No, the house loan means that if you pay the house loan, you will pay the interest. He will not care about you, and he will not care about you.

Then the Prege on your side is you. If you want to get 500,000, 1 million, 500,000, 75, 35, there is still 350,000 that can be used. You pay interest only for 1.5 million, which is less than 1,000 yuan a month.

You can't pay 10,000 yuan a year, but 350,000 yuan is enough for you to pay for more than 30 years.

Oh, OK.

So the mortgage is separate from my stocks, that is, separate debt repayments.

Oh, that's great, thank you teacher.

Because.

Don't you have a job?

Since our friend doesn’t have a job, how does he get credit?

It is his stock, and his stock is his credit. For some people who do not have stocks and have a job, then they are their loans, that is, they have a job. People who have jobs have higher risks, so they need you as a partner.

But if you have cash, you have cash here, you have stocks, and the money comes out in your mind, and he is not afraid of you.

Well, I'll lend you the full amount.

So why is this?

Well, the reason why you can buy a house with a full loan.

OK, thank you teacher.

Okay, that XQ you talk.

Teacher, you said before that you look for the bottom in a long market and the top in a short market. I would like to ask if now is the bottom in the recent period?

When I raise this question, I don’t mean to operate or buy or sell, but I just want to see the teacher’s answers through some pointed questions, so as to better understand the teacher’s investment philosophy and thinking logic.

This was mentioned before, so ignore him.

So don’t look for the bottom, don’t just look for the top, there’s no need to look for it.

Always in the market, the current top is the future bottom, so that is not important.

OK, OK, got it.

Well, don't bother me. We were quite tired before, but not so tired now.

How is it?

Raise your hands.

okay, okay, come to that any Aihu, come to that dark lake.

Ah, sorry teacher, I accidentally pressed that.

Not good.

I mean, you accidentally raised your hand.

Hahaha, yes, just say hello to the teacher.

Where?

Long time no see, happy new year.

OK, thank you, sorry.

OK, no problem, thank you.

That i want comes, you speak.

Hey, hello teacher, I understand all the investment concepts you talked about. I heard them very well and accepted them very well. But my problem is that I don’t know how to operate. My so-called operation is to listen to everyone talking about paying taxes and opening an account. I don’t know anything about it, because I am investing in A shares in China, and I have 0 experience in the United States. Then I saw in the group that the question is IB opening an account, or the teacher keeps saying 7.24 million for me, so I am a little bit confused now. Confuse, I don’t know where to open an account, and what will I do with taxes in the future?

What to do with the inheritance?

OK, don't worry about it so much.

You are, do you know how to read messages?

You, you read our briefing, did you read our briefing today?

Did you watch our previous class?

Yes, yes, I follow it every time.

Yes, did you watch your class today?

Have you covered it from beginning to end?

Yes.

Oh, then don’t I have a photo from the Times about China?

What I mean is that I used to trade stocks in China, so I can understand everything you talk about stocks at a glance.

And I was, um, right.

Then look at me, look at my screen, look at the screen, these are also Chinese stocks, 513100 is also listed in China, you can buy shares.

Isn't it?

No, teacher, you don’t understand my situation.

My situation is that I live in the United States, but I play A shares.

Then after listening to your lecture, I decided to buy U.S. stocks, but I didn’t understand the rules of trading and opening accounts in U.S. stocks. My current difficulty may be different from other friends. Other friends are still struggling with the stock aspect, but I don’t understand the operation.

Okay, come and let me tell you.

Do you know my email?

Know.

Well, okay, send me an email.

I recommend charge of a consultant to you, who can help you open an account, okay?

You go to charge up to open an account.

Okay, if your funds are in China, it is best to move them to the United States. They are all in the United States. You can buy and sell stocks directly in Jolsa, just buy and sell Q1Q, okay?

Okay, and if you buy it in the United States, you can make a pledge and borrow money in the future, so it is better, so your funds should be concentrated in the charge up in the United States.

OK, write me an email.

Also.

Yes, and what I mean is that it’s okay, that is to say, well, you can raise a lot of money, but you must have an interest rate of 5%. Is this worth doing?

Well, no need to do that for now. You should first concentrate your funds, the funds that you can control first. Concentrate them, okay?

Okay, okay, focus on plugging it in.

Then buy QUQ, then you are already proficient, and you can bear the investment shock.

After you become familiar with it in a year or two, then you can consider borrowing money when you can manage more funds, okay?

What do you want to buy?

Okay, okay, thank you teacher.

Stop racing yet.

Okay, don't rush racing first, just slowly learn to drive and then use the accelerator, okay?

Okay, okay, okay, thank you teacher.

Not available.

Come on, let me wait for a moment. I'll take a look at the message and see if there's anything I need to reply to. Is there anyone searching for shell in YouTube?

The first series is right, the channel you are looking for is shell, and the first series investment and financial management education channel can be found.

okay, if you leave a message below YouTube, I will answer it.

Then you can invest in Fatri’s 401K index fund. With ours, there is an American index in it, right?

It's the American one ETF For Ferdelity, it should be FNCMX, it's this FNCMX, it's this FNCMX this fidelity, you can, you should, it would be great if you can buy this, this is Q1Q's ETF How to group a group, how to join a group like this?

We don't have a group yet.

Well, we don’t have a group.

OK, there is no WeChat group, no.

Yes, we have one at the cross house. Every week there is a cross house where we talk about investments. SQ loves you. Turn on the mic and ask questions. XXQ, please don’t comment.

Teacher, I have already asked, just now.

I've already asked.

Then put down your hands first and go through the experience. Jason is gone.

Hello teacher, I would like to ask a question. If the world becomes more turbulent and something major happens, should we come out in large numbers and then look at the situation?

If you have a series of 2 wars, all these wars in the world do not need to come out, and the annualized return rate is ten percent, then why is there anything bigger than this?

I can't figure it out yet.

No, what I mean is that if there is a big turmoil in the stock market now, should I get out first?

Then.

If you ask Buffett, what would he say to you?

That's when I'm very fearful, because I mean I come out first, then wait for an opportunity to play again, and then go in when I'm at the bottom.

What advice do you think Buffett would give you?

But impersonal experience means that you go in when you are most panicked, but I have no money when you are panicked. I want to come out from the beginning and wait until you are most panicked.

Go in.

How long have you been investing?

I have invested for more than three years.

Three years, then you don’t know what fear is, you don’t know what optimism is, and you don’t know what bubbles are, so you don’t have to worry about it. Regardless of fear and greed, you don’t have to worry about it. You will have a 12% return. Isn’t that great?

In 20 years, 30 years, and 50 years, our assets will be returned at 12% every year, no matter whether it goes up or down. Anyway, you don’t sell it, but we guarantee you that 12% will be returned every year, and you will have hundreds of millions. Isn’t this the purpose of investment?

The purpose of investment is not to manage the intermediate process, the purpose of investment is to manage how much money you will get in the end.

Yes, we want to win at the end, not in the process of passing the week, and you will also jump on the train, jump up and down, hello, it may be risky.

You should sleep in the car and just go straight to the finish line. You can eat whatever you want in the car and spend whatever you want, just like on a yacht.

Ignore him, this will reach its end naturally.

Manager Kelly opened the microphone to ask questions.

Thank you.

Well, okay, thank you, teacher. After listening to it, I thought the teacher’s investment philosophy was very good, because I wanted to buy this index a few years ago, but for some strange reason, I always wanted to buy a single stock.

Nowadays, individual stocks are subject to a lot of tricks, among which there are many fast stocks, especially Bitcoin concept stocks.

Now I really want to invest in QQ, but I have suffered too many losses. What do you think I should do now?

Is it a wait?

Or is it going to switch from buying and selling to deducting?

I will give you a prescription, which is to sell all the products during the test drive on Monday, and buy all QQ during the test drive. That’s it. Your problem will be solved within 1 minute, 2 minutes, or 5 minutes.

But I've lost too much. You said QQ's 12% a year, but I won't be able to get it back for years.

You take an elevator, and let me tell you, the elevator breaks down, what are you going to do?

You want to change to another elevator, right?

Yeah, but I also think there may be an opportunity in the near future, and maybe some of their stocks will rise a little bit.

I want to wait a moment. Can you wait a moment?

But again.

Wouldn't it be better if this elevator wasn't tied up?

We don’t know, but the other elevator will be fine. The telephone elevator is fine. Shouldn’t we replace it in the next year?

Yes, that's for sure, but I always feel that I'm losing too much now, and I always have lingering fears.

Everything you think is worthless in investment, everything you think is worthless, your self is worthless, and the market will ignore you.

If the market stayed away from you, how could it be held for so long?

It didn’t last long, it was just a trap.

months.

If you have been feeling so uncomfortable for a few months, what will you do if it continues?

So what if the stacking continues?

If your elevator breaks down, wouldn't it be better to use another elevator?

If you want to reach Tianjin, if you want to go to the rich world, to get to the wealthy situation, you have to take a good elevator. If you take an elevator that stops and goes and slides down, you don't know whether you will arrive.

It seems that when you get into a car, the person says that the car is not moving now and is broken down.

Why don't you change your car quickly?

You also need to say in it that one day it may be better.

What you are telling me now is this: you have both the broken elevator and the broken car. They told you that the car no longer drives, but you still have to sit there and wait for it to open. Moreover, they said that the car opposite was about to be driven, but you still started it. You didn't go to change the car, right?

Well, that's right.

Right, so your thing is to stop listening to other people's nonsense, and don't buy it casually and make mistakes quickly. No matter how much you lose, if you sell it now, you won't lose anymore. Just buy it and start making money. It's that simple.

This QQ q is to buy this QQ, right?

Anyway, QQ has been around for a long time, and there are two or three things that have some kind of QQ index.

of?

What are the things?

What do you know?

You have, what else do you know?

I think I've seen other people recommend it before, but I didn't pay attention.

t.

Q.

The risk of TQQ is a bit big, 3 times, right?

Yes, so I tell you, don’t listen to others, just listen to me QQQ and QQ QM, that’s it, nothing else.

Yes, I have always wanted to do this. I want to buy bonds and don’t worry about it. My mood fluctuates with the stock market all day long. It seems that I have no happiness at all, and I am always troubled all day long.

So if you don’t want the answer I give you, just follow it.

Then the elevator breaks down, don't wait inside, you won't be able to wait for 18 years.

Because you don’t understand, and even if you sell it even if it rises a little, you won’t make any money.

QQ can be held forever and can be passed down from generation to generation.

Well, okay, okay.

Then I thought that only by selling at the market price and buying can we cross China and reach the carefree shore. Do you understand?

Get out of your misery.

Okay, got it, okay.

Well, okay, there is a message in the email here, and there is a Hanako market train next year with the interest rate, increase and infraction.

In the past, we worried too much, and we worried about the world first. We investors don’t need to worry so much. We are not economists, the Ministry of Finance, or the central bank.

If you go to the roadside noodle seller today, you might as well say, "Oh, it's going to be upgraded. Your business is not doing well, so please shut it down as soon as possible."

You seem to be telling me this?

Then that person won't pay attention to you, so they worry about you too much.

This you Zhang is here, you Zhang come to ask this U ninety-twenty who raised his hand.

Can I say it now?

You can say it, please say it, please say it.

Why is this turned off?

u glue iPhone, yeah yeah.

Can you hear me now?

Oh, yes, please tell me.

Okay, I have listened to your lecture before, which means that you should set aside two to three years of cash for living expenses, and then buy QQ with the remaining money.

If I did that, I bought QQ with 50% of the money, and the remaining money I just want to earn trillions in the next few years, for example, my living expenses. I estimate that the expenses will be this much, so now I am thinking, should I keep so much cash?

Do you want you to be in America?

Well, yes, I'm in the United States.

Where is your package account?

My block is also in Vanga.

Vanga just can't do Prege.

If you can do Pridge, you don’t need to keep cash, because for Pridge, you have a limit of 1 million, and you have 700,000. You don’t need IJOY, and you can use it immediately in emergencies, so I can use it here too.

So you should switch from go to charge up.

Oh, can I transfer it?

Me, then the part of my one quack, then QQ q can be transferred directly, also.

Anyone who likes to sell can remit it directly. It can be remitted directly to the supermarket. Even funds can be remitted.

After I transfer this time, I won’t have to keep so much cash.

Yes.

So, yes, you just put it all in and do Prege.

Can you explain what Prege is?

Or me.

The funds given to you are 500,000, so you said that it would take three years for you to keep 250,000.

Then if you actually buy 500,000 to do Prege, the 700,000 will give you a quota of 75, 35, 70, which means you have 350,000 that can be used at any time, and that is your emergency reserve fund.

So you don’t have to keep the cash yourself, the cash is left in the child, but you don’t use it, so there is no interest.

I really do.

Well, I'm fine, thank you.

You can find QiaSar by yourself. If you want to open an account with QiaQia and you need help, you can email me and I will find QiaSar's consultant to help you open an account, okay?

Oh, okay, thank you.

You still have one.

Okay, how do you spell that Prege?

I want to find out what this concept is about?

If that classmate leaves another message, please leave him a prege, or leave him an Internet connection.

Come on, I'll give it to you. It's very simple here. Just bridge and add shop.

Prege is Prege when typed, and nine s is this.

Well, okay, thank you.

Then this Prege is the name of Shang Shuai. If you really want to check the real definition, you have to CQ lately base long. There is a more complete definition here. You need to understand that security base long is the definition here, okay?

You can go and learn more about this security based on, which has always existed in the United States, and many Chinese people don’t understand it.

Then he can borrow money and not pay it back, and you don't have to pay it back if he borrows money and doesn't pay it back.

OK.

That Stanley is here to speak on the mic.

Hello.

90% of what I have now is QQ q. So at the end of last year, a few days ago, I sold 30% of it because I took a fancy to a stock. This stock may be a stock that I believe in, and it may rise two or three times within a year. So what do I want to do with the money?

I have bought this stock and would like to ask Mr. Jim, if it is you, what do you think about this idea?

Any suggestions?

You can buy individual stocks for 30 PERCENT, as long as you want it to return to zero, you'll be fine.

Well, that's me now, because I still have a lot of QQ q, so the fastest rise rate of QQ q is 12% on average. If the economy is not good this year, it may not reach 12%. In the short term, the return rate of my stock will be faster than that of QQ customers.

In the short term, within a year, I think within a year, if he makes two or three times this amount, I will sell it and buy QQ again. What do you think of this idea?

The first one is for your dream to come true.

Maybe it will come true.

That if doesn't come true though.

It won't become 0, it won't, this stock won't fall much, it won't fall much, but it will only rise.

I am very confident about this stock in this situation, because all my funds have been bought into QQ, after listening to your lecture before, but for such a good stock, I think if I don't buy it, it may be slow.

So I'm thinking if it were you, of course you wouldn't do it, but if I did, um, the rate of return on this application of my assets would be faster, and maybe raising it earlier would increase my velocity.

I was thinking, well, here's your advice.

OK.

You have to listen to my advice.

Let me tell you, if there is something as good as yours in the world, why don’t others know about it? Only you know why the market is so inefficient?

You have to think clearly why people want to sell such good stocks to you?

This is one thing, you have to think about it, maybe if you have a unique vision, beauty can come true, but your worst plan is that if you fail, it will either not rise or return to zero.

If you can think clearly, you can accept it if it does not rise or returns to zero, or if it rises slowly, or if this is the case, then it will return to zero at the last wash k, and you will be fine if it returns to zero.

If you say no, then it doesn't matter. It won't be you, but you assume it won't be?

Then I assume that if it does, then it is an accident. o Zero 1/10,000,000 happened. If it happens, what about returning to zero?

Do you have any questions?

If you want to retire, will it affect your retirement?

Or is it that you have already retired, will it affect your health more, or will you delay retirement after the 30 percent returns to zero?

You have to consider these.

Delaying retirement, originally retiring at 50, will lead to retiring at 20 or 60. All these have been considered.

Of course you can do that, no problem.

Yes, good.

Well, thank you, Teacher Zheng, I probably understand.

Let's think about this risk and the worst risk before talking about the opportunity.

Well, then you have to think about it, why is such a good opportunity?

No one else has it, only you have it.

Of course, I don't deny that he might be.

Alas, yes.

Okay, thank you.

standard There is an investment company in Malaysia called Stanway, which is newly regulated by Singapore and Malaysia, to help customers invest in major ETF, with a return rate of between 88 and 88%.

Don't do this, don't invest, don't, don't invest in this active fund, there is nothing good about it. If you can invest in a passive fund, don't invest in an active fund.

Hey, come take a look, if you want to raise your hand, raise your hand or we're going to go through it soon.

Well, AR k k AR k w, these are all in my presentation today, and I suggest that everyone sell them.

If I buy QV QSQ and PPL, I will not sell them, I will hold them.

Right, so you decide for yourself. If you want to sell it once you put it in a pile, then I can’t help it. This can’t be used as insurance or as an inheritance tool.

If you can earn 300 million, you can pay 100 million in taxes, and you can pay 150 million in taxes. Even if you put it in, it’s still less than 10 million. If you pay 10 million in insurance, you don’t have to pay taxes, and you can redeem me for 100 million. Don’t buy insurance for 50 million. Are you willing to clear up the insurance?

Teacher, can I ask a question?

Wait a minute, that n household is right, today Crohouse said that AR k is going to be sold, so of course this video will be thrown to YouTube. I will throw today's video to YouTube, so everyone will know that my information must be completely fair, impartial, and open.

That’s fine, everyone will receive it at the same time.

Come to West China, you say.

Thank you, Mr. Jim, your speech was very helpful. Thank you.

My question is about the mortgage loan you just talked about, like the charge shop one, that is a pledge, right?

So for his credit limit, does the loan limit only count for stocks, or does the money market also include the limit?

Amount?

The money market also includes stocks. If it is good, it is 70%, and the money market is 94%.

If you are all in the money market, let’s say your money market part, it is 90 percent, which can be calculated as a quota, but stocks are either mutual find or ETF, that is 70 percent, which can be calculated as a quota.

It's good, okay, then you don't need anything else, no guarantee, don't use it.

Well, it doesn’t matter if you don’t have a job.

Okay, no.

It doesn't matter if you have a job, as long as you have stocks pledged to him, you will have no problem.

And you should not keep cash. You should not keep cash in the money market. You should buy everything, buy stocks. If you need money, just borrow it.

Uh-huh, okay, okay.

Does that have to be a regular account, or is it required?

That’s not what’s called a rust or a traditional IRA, is it?

Retirement accounts cannot.

Two kinds, that traditional or rust.

None.

Neither are retirement accounts.

OK, okay, okay, you just have to pay him that interest every month and get that.

Amount, interest is prepared to be deducted from the principal.

For example, if I want 600,000 yuan now, which is more than 1,000 yuan a month, 1,000 yuan, or less than 1,000 yuan, then he will give me 800 yuan, for example, and then he will add it to my debt.

For example, if I owe 500,000 yuan, and I owe him 8,000 yuan in interest this month, I owe him 8,005,500,800 yuan.

You will only owe interest money in the month you use it, and you won't owe it in the month you don't use it. Is that right?

No.

It's yours to use, and you'll always have to pay interest on the money you've borrowed.

You don’t have to pay back the interest, it will be added to your debt.

OK, it's a bit like that negative. There was a kind of home loan in the past called negative, which means that the more you borrow, the bigger the principal becomes. Is that what it means?

That shouldn't count. This kind of thing is called, not like that, this reverse mortgage. No, it means you borrow 1,000 yuan, and next month you get 1,000 yuan, and next month you will get five yuan in interest. Then before you start using it, your debt will change, and your debt will become 1,005 yuan.

If you borrow another 1,000 yuan, you will owe 2,005 yuan, but the interest on the 2,000 yuan may be only 10 yuan, so your subsequent statement will change.

Owes 2,000,115 yuan and 25 yuan.

At what point will I be forced to sell that stock?

What's the situation?

As long as the stock goes up, you will never be asked to sell.

But when it comes to crash.

Then you just need not to use more than 20 percent of your assets to reduce the amount by 100,000.

20 itself means that your assets in that brokerage company are reduced by 100,000.

If you have 1 million, wouldn’t your 20 percent be 200,000?

If you reduce it by another 100,000, then you can only use 100,000?

The maximum you can use is 100,000. If the market drops to 70% of the remaining 100,000, and 70% drops, leaving 300,000, then the quota is still 7321, and there is still 210,000. If you use 100,000 yourself, they will not care about you.

OK, I understand.

Okay, thank you teacher.

You.

If you use more than 20 PERCENT to reduce 100,000, you will be at risk.

If you only use 20 PERCENT to reduce the amount by less than 100,000, the risk is very low.

Okay, okay, thank you.

Okay, bill, if you turn on the mic, hey, can the teacher hear you?

Please say.

OK, teacher, thank you.

Just now, we happened to be watching house two days ago, and we mentioned this after. What is this called?

After text, it's the one on the backdoor, which means you can save a little more loss, and it will go to loss.

My question is, what do you suggest, should I save up the loss first, or should I keep it in cash?

Deposit it to the cash side and you can play it later.

Half of it.

You are the first one. If you can only save 10,000, then I think you can only save 10,000 a year, and you can save up to 65,000.

I know, then don't do that thing, because that makes up back to so much money.

Then you have no money in your own block. If you retire at the age of 90, you will not be able to retire because you have all the money.

Right, right, what should we do?

So no, no, just keep your 19,500 yuan in rust, okay?

Okay.

Then another second question is that at the age of 59, assuming that I really retire, should I take out the lost money and put it here in K?

Or what?

That is, if there is no need to use it, if you have 5 million in block 9, you can’t use it all, then you can keep the rust, because you can still use it if you transfer it to your child in the future.

Yes, yes, yes, yes, OK, mentor, thank you, thank you, it’s clear.

Wait a minute, let me see if there is any problem here?

It seems like someone has already answered your question Edward, so I won't answer it.

If you still have questions, you can ask me.

Is there a website where I can see historical rates or projects and nine.

The interest of that prege is Spray.

Spray depends on your assets. For example, if you are 2.5 million, your Spray is 1.9, then it may be 1.7 with your songxue. Add Libra, or add SOFA. Now, are Libra and SOFA 0.0, 0.01 or 0.1?

Okay, even if it becomes one, you are only over 2 o'clock, so you don't have to worry about the counterattack, okay?

This rich man doesn't care about small profits, so don't worry about the interest, okay?

Well, instead of waiting until the future, you don't want to kill him now, do you understand?

At least do it first if it's profitable now.

The margin rate for a complete miscarriage is 1.59, which is currently just called Prege.

Yes, they don’t call it Prege anymore, it’s SBL or margin anyway.

However, their advantage is not on charge. Of course, you can also do it on interactive broker.

But you have to know that broker is broker and bank is bank. These two are still different.

When the broker is not in good condition, he may ask you to pay back the money, but the bank will not be in good condition.

Come in y i n g come and open the mic, please tell me.

I didn't hear your microphone, there's no sound, wait a moment for Indonesia to speak.

If you can speak, you can speak. Now one of my people asked me whether our CREC has English content?

Yes, we have two English content, Youtuber, this is such a C r e c in our YouTube.

Well, this is our channel. There are two articles in English in the playlist of the channel. Here are two articles about fundamental of the. There are English articles in this, okay?

This has an English version, so you can have an English version here, there are two articles, and there are two you can refer to. There is a video here that recommends buying g and AR k k. Be careful not to buy AR k k. This is an old video, so everyone knows it. If the mortgaged stock falls below the 40% when it was mortgaged, is it lower than 70%, then do you still need to sell Prege's stock?

I don’t know what you mean by reducing the mortgage by 40%. Anyway, if your mortgage falls from 1 million to 700,000, you’ll be fine as long as you only use 100,000.

Then Jeff, I will answer you this way, so don’t use too much. Of course there will be problems if you use too much.

Then it’s okay for you to use 100,000 for 1 million, because if the market drops by 700,000, it’s okay for you to lose even 300,000.

Y I N G Can't you speak yet?

Don't talk to the central government.

Jim listens to songs.

Got it?

Like, um, okay.

Happy New Year, Mr. James. This is the first time I have listened to your lecture. I think it was quite good, but it made my hair stand on end. So, um, yes, um, first of all, I very much agree with your point of view, that is, um, the development of mankind in the past and in the future must rely on high technology.

So if you buy this high-tech stock for a long time, well, it will definitely go up, up, up, so I think this is certain, and I am very confident about this.

Then when I listened to you just now, there were several slides. I saw a phenomenon, which is like stock. Its historical data is about an average increase of 6.7%.

SP five hundred rises by about 10%, QQQ rises by about 21%.

Judging from this trend, it is obvious that this technology must be the center, and everyone is moving towards this technology.

So the first question I want to ask is, for example, is there anything in QQQ that performs better?

Can these technology stocks actually be bought as individual stocks, or in which position?

This is the first question, which is, well, of course, can this also be analyzed from historical data?

Then the second question is equivalent to QQQ. If it falls, it seems that you have done this metal analysis in the past. Is there any way to predict its fall in advance? This is it. Do you have any experience here?

Those are my two questions, thank you.

I still advise everyone not to buy individual stocks, because individual stocks cannot be passed down from generation to generation.

Apple Tesla is great, will it still be great in 100 years?

Then your son or child will eventually have to sell the stock and pay a lot of taxes.

But Q1Q can never be sold, and you can save many years. In order to make a little more, you will not make any money in the long run because you have to sell and pay taxes, so buying individual stocks seems to be beneficial.

Will you definitely sell it in the end?

GE should be sold, and so should Kodak. So sooner or later, your sons and grandsons may have to sell Tesla and Apple in 100 years, so there is no way it can be passed down from generation to generation.

So this is what it looks like, then your second question is that I forgot, do you want to operate it?

Look.

Is it possible to predict the QQQ? His father’s prediction is that it will fall sharply, based on a technical analysis.

No, no, no, there is no way to predict. There is no such thing as prediction in the market.

Okay, let's go back to the first question, that is, well, now QQQ, yes, it is equivalent to 100 companies. Is there another smaller proof, will the performance be better?

In other words, for these 100 companies, is QQQ the best index method under the current situation.

What's the best now?

In the United States, you can buy 00757 in Taiwan, and you can buy 10 stores, but even if you buy 10 stores, some people will complain, because the 10 stores can see it too clearly, and some people will pick out this one and that one. QQQ Why don't they complain?

Because there are 100 companies that they can’t understand, so they won’t be picky if they don’t understand. Those who can understand will be picky if they are too careful. So QQ can’t understand 100 companies at all. Anyway, you can’t spend time to see these 100 companies, so you have no complaints, so sometimes investors are also my pigeted i OK.

If you don't understand, it's okay anyway, but if you understand, you'll be in trouble. If you understand, it's actually not good for you.

Yes, you just need to have faith.

That's right, thank you.

Investment is not that the more you know, the better, nor does it mean that the more you study, the better. Investment is best if you have no capital at all, and it is best if you do it right but are ignorant.

Some people asked how Prege paid it back in the end?

There is no need to pay it back, it will not be paid back for generations to come.

Why do you want to pay it back?

Has anyone ever told you that you are still short of 12?

Basically, you don’t have to pay it back. If you read the SL SBL article, you don’t have to pay it back.

Well, okay, come on Jeff.

Speech.

Hello, Mr. James, thank you very much for listening to your lecture, it was very educational.

Well, I want to ask about that pledge, because I have never done it before, and I want to ask about it. After I make a pledge, for example, if I make a pledge this year, then the pledged stock of my pledge is 1 million, but if it drops to 20 next year, like the example you just gave, and it drops to 200,000, then I can only use 100,000, right?

I may only be able to use 100,000 next year, but even if it drops, for example, from 1 million to 300,000, neither the broker nor the bank will ask me to force me to sell the mortgaged stocks at this time, right?

Only if, only if I don't.

As long as you can satisfy it, there is still a limit of 100,000 shells.

That is to say, for 1 million, there must be a quota of 100,000. That is to say, if the 1 million stock drops to 110,000, it is still okay, but if it drops to 90,000, the broker or bank will need me to either close the pledge or add additional funds to meet the requirement of 100,000. Is this what you mean?

If you don't have any money to borrow, if you don't have any monthly payment, then you have to maintain at least 140,000.

Okay, if you borrow money, then you have to keep 100,000 to repay it, which means you need 140,000 more in addition to the mortgage money.

For example, if you use 100,000, you want 100,000, right?

Then the assets in your account must be 240,000.

OK, it's 14%, which means that the stock can fall, but it cannot fall by more than 14%. If it is less than 14%, then either the pledge is closed, or you add capital guarantee, which means to ensure that the money you borrowed plus the 14% plus, ensure that the value of your current stock is greater than or equal to the money you borrowed plus the 14% margin, which is equivalent to this, right?

It should be said that it is your total quota and the amount of money you can borrow. Because your stock price falls, the amount of money you can borrow will be less, right?

Then the amount you can borrow, minus what you have already used, will be greater than the borrowed amount of 100,000.

After deducting the money that can be borrowed and deducting the money that has been used, the amount you can borrow will still be 100,000.

OK, received, received, OK, received.

That's it.

If you use it or 1 million, if you use it, if you use 100,000, you will still have a quota of 100,000, so you will have a quota of 200,000.

200,000, the 200,000 quota divided by 0.07 is 280,000.

Why divide by 1.07?

Is it because that 70% of that OK received, yeah, yeah, okay?

OK, yes, received.

Then let me ask you, there is one more thing. Sorry, there is another question, that is, the return on investment of QQ in the past ten years is indeed very good as you said. I just want to ask for your advice, because if compared to 2,000 years, actually QQQ In fact, in the bubble of 2,000 years At that time, it actually fell very sharply. If the money had been invested at that time, it might take a long time to get it back. This is what happens if such an extreme situation occurs.

I agree with what you said, that is, QQ is definitely yes, and it will definitely be good in the long run. But if we want to prevent such extreme situations, are there any measures that have been taken to make up for it?

Or if you just want to invest, will you need to do some diversification of the portfolio?

I just want to ask for advice, right.

You can't help it. You can let the market go as it goes. You can't control it, and neither can you. There's no way to prevent it, and you can't do anything.

Hmm, the only two types of people you have are those who have retired and the other who have not yet retired.

If you haven't retired yet, then you should be very happy, because the cheaper it is to buy every month, right?

So those who are still working should be happy.

Yes, for those of you who have retired, if you don’t have much money, if you fall, you will lose your real money.

That's right, that's why I said you should have a pension multiplied by 33 when you retire.

How about multiplying your pension by 33?

Talk?

Multiply your annual expenses by 33, and your pension will need an annual expense of 33 to withstand all bubbles.

OK, so this and that, do your annual expenses multiplied by 33 need to be in the form of cash?

Or so.

No, it’s just stock assets. If you spend 100,000 a year, then you need 3.3 million to buy QQ.

That is to say, k q shows that the current shareholding input multiplied by the current stock price must be greater than or equal to 33.3 million. This is what it means.

If you retire today, you will need 300,000 yuan a year, and you will have an asset value of 3.3 million yuan in QQ.

If it falls tomorrow, it doesn't matter. You will have 3.3 million today.

OK, OK, you can tell.

That's right, then if you use 3.3 million as a mortgage, then you can borrow the money and get a monthly bonus of 5,000 yuan.

6,000 yuan, OK, you can’t spend it all.

Hey, it has nothing to do with you if the market falls, you don't sell.

Okay, okay, received, thank you very much.

Thank you. Hello, thank you. Someone is worried about Brockage. I think what should I do if Brockage falls?

If brochure falls, it will fall, and your stock is not brockage on.

Your stock is registered in your name on this stock exchange, so it has nothing to do with you. If it is traded, just change it. Then the Ministry of Finance or the central bank will exchange your stock to Maralinch, or to a facility. You just change the brokerage, and there is no problem.

Those TDM countries in 2008, what is a country?

Even if everything breaks down, it will be fine, so your stocks are no longer in the name of the brokerage, your stocks are not in the name of the brokerage, your stocks are in your name, and they will not disappear.

Okay, that Jenny.

Hey, Teacher James, thank you very much. I often listen to your videos, so I also learn a lot. Thank you very much.

Well, my question is with the gentleman in front of me.

Well, there are many similarities, because I also listened to the lecture. In 2000, QQQ took 5 years to grow up, so I am more worried now, because this seems to be a bear market in 78 years, um, so it has been wandering for 10 years now.

I just don’t know if next year will be dangerous this year, and will future generations be in danger next year?

Is this bear market bound to last for how many years?

There will definitely be one in the future, but it will not necessarily continue to guarantee growth.

It will continue to grow. No one says it will collapse in a few years. No one says that it will collapse in a few years. If you say it will collapse in a few years, you either have no capital or you are a liar.

Just say that the stock market will not have another 200-year-old crash. I have never experienced it before. If so, I will say that it will grow until tonight. It will still happen.

A defeated person, of course he will.

That will be this year, next year, because I have stayed for 10 years, will it be because.

The chance is not great, you have to remember that it rose to 2,000 in 1980.

It’s been 20 years, 80 years.

Wow, because why should I worry about this?

Because this year 2020 is a dream year, and all stocks will grow very fiercely.

Then last year it was about February, and it fell for a long time in March, and now it is up and down. So this Wall Street, I don’t know whether the stock market is controlled by Wall Street, or based on the company’s performance, I don’t know how the stock market is controlled. I don’t understand.

The stock market is the trajectory of human growth.

QQQ2.

Wall Street doesn't control the stock market. If you don't sell it, what can it do? If you don't sell it anyway, it can't control it. If it wants to cut off your leeks, you have to sell them. How can you cut them off if you don't sell them?

But why is the stock price going up and down now?

It's the one every year.

The sky will go up and down, every second.

Looking at the past, which year was not up and down?

If you don't go up and down, then the market is the market, and if you don't go up and down the shelves.

This.

I know, but the tricks he plays are always different. For example, in 2002, all stocks were rising, and now they are falling and falling for a long time. It seems that the tricks he plays are different every time.

I see them all the same, why do you see them differently?

I watched it.

All the same.

Long term.

Just say you mean the long term of five to ten years.

That’s why it’s called a market.

What you are looking at is not the market, so you are not looking at the market?

If you just look at it with a microscope, the ground is covered with bacteria.

Yes, even if you have been teaching for 30 years, the idea of what we have done for one, two or two or three years is definitely different.

Yes.

Let me tell you that the market is like this. It has never been calm from here to here. When will it be calm?

Can you tell me which day is peaceful?

No day is peaceful, but this has nothing to do with me, right?

Which day do you see red and green?

Are there any that are always green?

Are there any that are always red?

No.

Then every day, the market fluctuates.

Yes, even those psychopaths are creating it, and it is not controlled by him. He has no way to control it. This is neurosis. The rise and fall of the market are all caused by neurosis.

Do you think this current situation is normal?

Of course it’s extremely normal.

What's wrong?

Nothing is normal like before.

Wasn't it like this before?

Isn't it like this here?

Is everything normal?

The person who says he is abnormal is himself abnormal.

Haha, because the stock I bought, I didn’t expect it to fall from such a high point to such a small price, I said.

You shouldn't buy individual stocks in the middle. You can only buy the index if it's fine.

I have bought QQ, but I think that QQ q is either very slow and does not move, or it suddenly goes up.

24 PERCENT per year is enough for you, 20 PERCENT is enough, isn't it?

Is it enough?

Do you think 20 percent is not enough?

Too small.

Well, yes, for me, because I started doing this stock with more than 300 from Tezer, so I feel that the pace is relatively slow, and I may have to adapt slowly.

Mom, have you ever done anything as good as this reward?

If you can.

Yes, yes, yes, I just made the test, and you report back.

That's fine, so what do you have to worry about?

If you are there, if you are worried about buying your Tesla, then don’t worry.

Well, I don’t have to worry about it, because I’m used to its ups and downs.

This QQQ is not something I am used to yet.

Oh, right, then you are not worried about Tesla, then you are worried about q q q.

Well, let the world be free and worry first, do you understand what I mean?

Well, okay.

QQ q has it, Tesla has it, Apple has it, Facebook has it, and Google has it.

Do you understand what this means?

I knew him, but I was on the Internet. I wanted to know how many jobs there were in QQ, and it seemed that I couldn’t find them even if I went to the Internet toilet, so I told him.

Don’t you already have QQQ Holding?

UU Holding is all here, but is it useful for you to go and see it?

Well, but I didn’t see 100, I couldn’t see it.

You probably have, probably 100, then 100, 100.

Yes, what do you think?

Then let me show you.

Okay, I can find this every day.

That's Yahoo finance.

I'll give that a try. Just call QQQ.

Take it Oh, okay.

But awesome, why do you need to know his 100 plus?

So I want to see what you 100 have in it.

Can anyone study it clearly?

The research is not clear, but I at least want to know a rough idea.

OK, it can be found.

OK, I'll give it a try.

When it comes to researching investments, it doesn’t mean that the more time you spend on research, the better.

OK, thank you teacher.

OK, our passive investment confidence is to only invest one minute a year and earn 20% every year.

Then this is our purpose. If you want to work to your death, I don’t even know whether you are a laborer or a capitalist.

and Eric you speak.

Hi James, I am a veteran student, so I am more interested in how you recommend Arkk?

I am more interested in the thinking process from recommending to buy to recommending to sell. That is to say, at that time, I felt that the reason why we would consider buying AIKK was like this. That is to say, we appreciate the fund manager itself and agree with his philosophy.

So this year, AIKK has not changed the operation mode of this fund.

KT is still in this position, but his performance in the past year has been relatively poor.

Then I would like to say, is it because of your investment, James? It is more likely to be said.

It is to adopt the concept of passive management of passive funds, and try to avoid this kind of artificial active management.

The reason for recommending selling is not just because the performance of Ark k was not as good as the market in the past year. I would like to ask Jianyepin to explain this more, thank you.

I would recommend selling to LKK, not just LKK, but all the four major active funds. I recommend selling, because I found that no fund can beat the active fund. Quote Q U Q 2, then you should no longer have any illusions about active funds. If you can't buy passive funds, there was no way in Taiwan in the past, so we have the four major funds.

I think the stock selections of now Kitty and Word are very good, but the entire fund is super. No matter what, we will still use your active fund, and finally look at the performance of the four major funds.

If you say that the market is so stable, the market should be very stable this year, but why is the performance so poor?

Is there anyone even losing money?

What about active funds?

Moreover, the skills of Turnover Ray are so high that investors have to pay a lot of taxes even if they don’t make any money.

You have to know that if you buy active funds in the United States, you will not make any money, but you will still have to pay taxes on its capital game.

So I discovered that the disadvantages of active funds were beyond my original imagination, so I stopped touching active funds. This had nothing to do with performance.

Of course, their performance makes me very disappointed. Of course I understand the plight of active funds, but when the active funds we choose are so bad, then we should no longer have any illusions about active funds, so we should stay away from active funds in the future.

Well, this is just like many people who cannot do individual stocks, and others are still violent. This is because we have recognized active funds, so we just don’t need to do this anymore.

Alas, just don’t make this mistake again in the future.

Well, Eric, do you understand my answer?

This general understanding means that you may be more inclined to do some passive funds in the future.

It’s not a tendency. It should not be 100% passive funds. There won’t be any passive funds attracting any attention from me.

Because it is easy and not difficult to buy passive funds in every place, such as Taiwan, so there is no need for it, no need.

Understand.

OK, thank you Jianping, thank you.

Someone just said this.

Well, you don’t have to pay back the interest.

Why don't you have to pay it back?

Take the money out and don't have to pay it back.

Yes, you just don’t have to pay it back.

If you borrow it and look at it, you'll know you don't have to pay it back.

Do I need to pay taxes on the loaned money?

Where do I have to pay taxes when I borrow money?

Borrow money without paying taxes, borrow money.

You have to pay taxes when you make money.

You don’t have to pay taxes on borrowing money, OK?

You don’t have to pay taxes if you borrow 10 million.

It is recommended to sell, maybe because there will be more blood this year, which has nothing to do with whether there will be more blood this year. We business people don't care. We are not economists, we are not good, we don't hesitate, we don't worry about the policies of the central bank, nor the policies of the Ministry of Finance, and I don't worry about the 20 people outside who don't worry either.

Well, how much does the relief cost?

This is not us.

Well, the things Xiao Ming should worry about are none of our business, so we shouldn’t worry about anything outside.

You don’t have to worry about anything after buying QQ.

So don't read the newspaper, don't read anything, don't listen, don't listen at all, then you can live a happy life, and pray, you don't have to give back the opportunity that the brokerage is happy with.

Yes, you don’t have to pay it back. Then he can borrow the money from you and earn interest. Why is that wrong?

So banks will be eager to lend you money.

Sell your 401K text messages Why should you sell your 401K text messages and then use the remaining money to buy QQ? I am currently advised on how to transfer the remaining 1K of about 400K to QUQ after retirement.

It's very simple. After you retire, you set up 1K and roll over to i i a. Then after i i, you can buy QQ. Well, you don't have to take it out. You buy it. Are you in tradition i i?

You, you, if your 401K from traditional regular is transferred to traditional RI, then you can buy QQ, but you have to pay taxes on the money you take out, so I say don’t put regular SDK, but put rust.

Yes you can do it with a rust IRA, I don't recommend buying any Ethereum, don't buy it.

Hey, don’t buy that KC. If we don’t buy it in GPT, then we won’t have any digital or PK to buy it.

Come, y i n g.

You speak, but I still can't hear your voice.

Yang Y I N G If you have any questions that I can't hear, would you like to leave a message or write an email to me, okay?

Because I can't hear your voice.

y n g You have a message OK OK.

Do you want to leave a message?

Still have your question?

Or do you want to write me an email?

Does anyone else have questions?

OK, okay, we spent a long time today, and it's already 10 o'clock.

Wow, OK, this video is a long time coming.

Then I miss ours.

I came here first before class. Everyone has worked very hard. So, thank you for teaching me, and thank you for letting everyone participate, okay?

So let’s stop here today.

If you have any questions, please go to cluhouse or leave a message at YouTube. The video will be marked with YouTube in a moment.

okay, okay, thank you, bye.

Thank you teacher.

Thank you teacher, goodbye, bye, New Year, bye.