00398 2023 First Investment Lesson: A 100 Million Yuan Investment Life Lecture, January 27, 2023, CLEC Investment and Finance Channel (Chinese)

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Everyone, welcome to the CIC Investment and Financial Management Trading Academy. Today is January 2023, it should be January 27th.

Well, Taiwan No. 27.

That.

Because a friend suggested that I give another NT$100 million investment lecture this year, now we would not have another class this year.

However, since this NT$100 million investment lecture is actually a very important lesson, I will give it again this year, and it should be the last time.

Now, the videos we have on this YouTube started in 20, which should be as early as 2018, and it is almost five years since 2018.

I believe that if there are friends who have grown up with our videos, after this period of study, I believe that they should be able to fully graduate in 2023.

Everyone should learn the essence of investment and financial management to complete this course, which is a major issue in life, so I plan to have everyone graduate when it actually matures.

So what does actual maturity mean?

That is, when the bottom of the market is completed, everyone will be able to escape from this.

In this haze of decline, when we can start to gradually make profits, all our investment courses and all platforms will come to an end.

In this way, everyone can start. Even without James, you can still face any problems in the market, and you can be comfortable, relaxed and happy, and there will no longer be the ups and downs of fear and greed.

Therefore, everyone can think independently about investment. Facing this market, that is the time when our entire investment education comes to an end.

I invested in investment education in 2004, which is almost 20 years ago, and so on.

Every ten years of life is a big line, so 20 years is also two big counties. Life is only a few autumns, so I spent 20 years on this investment education, so it should be.

Well, it's time to end.

It has been five years since 2018. In fact, we are also grateful to the entire COVID-19 period for allowing us to move the entire investment education content to the online platform.

In this way, our entire investment education course content will remain on the Internet for a long time.

As long as you are willing to learn, you can listen to the more than 400 videos on YouTube, plus Facebook articles, and Spotify Podcast at any time.

Of course, I will give you some books and audiobooks so that you can continue to learn. That does not mean that we will stop today. No, it means that we still have to look at the situation of the entire market. Then I predict that this condition will be reached in June this year.

Therefore, from 2018 to the present, an up cycle to a down cycle and back to an up cycle is exactly a market cycle.

All students have been baptized by a market cycle.

This learning process is necessary, but after you learn it, you will not be disturbed by the market decline in the future. You may still have a chance to avoid this market decline, but when we teach, we must lead everyone to follow. So when you go through a process of going up, down and up again, you will be a very experienced investor in the future, and you will also become a very successful investor.

The point is that this mentality can make you rich.

With this kind of mentality, you don’t need gems, and you can be relaxed and happy in the future market. More importantly, you can pass on this concept and investment philosophy to your descendants and descendants for generations to come.

Therefore, our education does not rely on hot stock tips, technical analysis, or one person sending you alerts. What we teach is non-action, complete non-action: an investment philosophy that lets you become wealthy without spending too much time on investing. So this year we will bring this investment teaching career to a close. As for the timing, we can take a look later and let everyone know.

So when we turn off the lights, all clubhouse, YouTube and Facebook information updates will stop, and no one may reply to all your messages and emails, and I will not go up to reply, because if you stop, you will stop, and if you continue, it will be chaos, so there is no banquet for unkindness in life, so this is just a preview for everyone in Hong Kong.

So everyone can learn to divide the more than 400 videos on our network, as well as Facebook articles and iPads, as much as possible before we complete the c-end.

Of course, the Qingsong Diao investment recording party in the cloud house has some video audio recordings of Zhuangzi discussing stocks that I have discussed above. If you are interested, you can listen to them.

Okay, um, so in the future, the information on the Internet will always be retained and will accompany everyone.

This is something that I find very gratifying.

Now.

Let me tell you, at any point in time in this market, we may have gone out of a short direction and should have entered a stable upward trend.

Although this is not predicted by technical analysis, you can use it as a reference from the past state.

It's not a prediction, it's just so you know where you are right now.

Then we can use moving averages here. I am not teaching technical analysis. You need to learn technical analysis. In our YouTube course, there is a special course that teaches technical analysis.

I'm just telling you that you can usually only understand our current position. Where Java is, you can use these three lines to predict it. If you come here to know our current position, then this is a normal. Usually we will reach this 50-day line. It will cross 100 days. I am crossing the green line now. After these 100 days, it will cross the black line. After 200 days, the 100 days of the green line will cross the 200 days. In this way, when these two or three lines will go up in the long column, that is when our entire investment education should come to a stage.

When is that expected?

It is estimated that 50 days after this market reaches the 100-day moving average, which is almost the last month of January, so it should be between March-September and June, this market will form a long arrangement. As for the time, I dare not predict, it can be long or short.

Well, so I will always accompany you to an upward trend.

So why is it an upward trend?

Then let me tell you something, that is, when a short position is arranged, it is one.

Oh, this is not a prediction. I don’t think it should be used as a prediction. But hypothetically, we hope that everyone will use the cycle to adjust the position. Then you will find that the weekly line falls below 100 days, falls below 200 days, then the 200 days are over, and the 100 days fall below 200. God, a short position will be formed at this position. At this position, you will find that after you sell here, when the long position is formed in the future, you may sell here or buy here. There is not much difference. This is one, because our decline this time is not very deep.

So that same thing.

In 2009, and then in 2009, the same thing happened with the short position, right here, and then when the 100-day crosses the 200-day position, this formed a long arrangement, and this just knows your position, so why didn't I say that I should use this technical analysis to let you do operations?

No, I am just telling you that when the next 100 days cross the 200-day moving average, our platform will end. Anyway, it may actually take a week or two to get there, and then we will end all our investment education in the past 20 years.

Because there is no banquet for evil in life, our family’s investment does not require everyone to spend 24 hours a day investing in it. I don’t want my whole life to be just doing this one thing, or to continue doing investment and financial management education from the time I retire at 40 to the next 42 years old. However, with your help, I believe this concept can be spread wider, deeper, and longer.

Help, that's the same. Our course is starting now, so here's the disclaimer.

Therefore, COEC is a non-profit organization. Even if we stop all activities, we will not have any group owners or members. I personally will not create any funds, no.

So if you hear something from James or COEC in the future, it is all fraud.

Impossible. All our volunteers can make a lot of money on their own in the market. I don’t need to use my financial knowledge to get any dime to live. No, so all our COECs and all COC people will not make profits, and there will be no group owners in the future.

It didn't happen in the past, it doesn't happen now, and it won't happen in the future.

So if someone wants to drag you into a group or use the name of Western games or fitness, they should be scammers.

We YouTube have not enabled advertising, so YouTube the ads you see should be placed by Google YouTube itself.

All our video content, comments and replies are for personal sharing only for educational purposes. All of us, all lecturers, all content, we are not professional investment consultants. All content and remarks are for trading purposes only, not investment advice. The investment risk is very high. If you cannot bear the loss of 50% or 70% of your assets, then you may not be suitable for investment. You need to be cautious when investing. Then all investments must be made at your own discretion and responsibility.

When we talk about the NT$100 million investment lecture, we often say that we are rich, but wealth is not the purpose of life. No matter how much money you have, you will get nothing. It is useless. We just use wealth to live a worthwhile life.

Therefore, my goal in educating everyone is to let everyone have a happy life.

There are many factors for you to be happy. In fact, the spiritual factors are of course needs, but the material needs are also satisfied, so happiness is a human right.

But if you don't have wealth, you won't be able to get this group of people, so we must be happy while we are alive.

The first principle of all life, first principle, look at that baby when it is born, what does it do when the melon falls to the ground?

The first one will cry, the second one will eat.

Weeping and eating are just to stay alive, so the first thing a person needs to do as a human being is to live, and the second thing he can do is laugh.

So to live happily is the only purpose of being human when we are born.

Of course there are many processes, but the final process is to make us live happily.

Of course, my life that makes me happy is to serve as the purpose. Serving without purpose is the real happiness.

Why are you like this?

Well, what do you think will make you happy?

Well, everyone is different, but everyone must remember that what can bring you eternal happiness is truly happy.

In this way you can distinguish what is material happiness. Material happiness will never bring us eternal happiness.

Then you will be happy when you buy a car, and you will be happy for one day, two days, a month, or a year. After that, you will no longer feel happy because of that car. That is material happiness, and spiritual happiness can last forever.

Next, what is our most important goal as human beings?

Then I think service is the purpose, and then maybe it is like Elon Musk. Of course, many people have some criticisms of it, but I believe that part of my understanding is that it is also the greatest contribution to this type of mankind.

He does not do it for money, he just does it for the contribution to mankind. When he is making a contribution to mankind, the wealth is just an accessory.

Therefore, part of our happiness is to have wealth, so of course our course is to teach everyone that everyone can have a life of 100 million U.S. dollars, 100 million Taiwan dollars, or NT$100 million.

Then when you have this money, you will, you know, you don’t have it now, but in the future, when you know you will have it, your life will be different.

So for us people, our course is to teach you how to live a happy life if you are rich with NT$100 million, and take back control of our lives.

So one of the important things about our cici is the talent of being rich.

Well, happiness is a human right. Of course, talent comes from knowing or not knowing. If you know, then you know that you can have this wealth. It is available to everyone. People who don’t understand don’t know.

Well, if you manage your finances correctly, you have the right to go public when it comes to financial management and investment. It’s like a natural human right, but someone needs to encourage it.

Well, the investment that enables all people to awaken to the same kind of capitalism is what we do here to advocate and encourage all people to awaken to how capitalism works, and you already have the right to be rich. The real purpose of our life is to be happy, and happiness is a group of people. So many people, most of them, have been working as laborers all their lives.

Well, workers are capitalists. What is the biggest difference between them and workers?

Workers are like 1-3-5. They have to get up from 1 to 5 in the morning. This is because my husband always has to work every day for at least a week. That is because my husband is not a capitalist.

Capitalists rise up every day and sleep until they wake up naturally. Of course they will not do this. Counting money will lead to ugly gold bags.

Now you can see the funds in this account at a glance, but it just means that you can live a free life if you have money and leisure, and you can do whatever you want. This is a capitalist.

Well, this is the same as landowners and electric farmers. As electric farmers, you have to plow the fields early in the morning before dawn.

Oh, so it's not the same.

So do we want to work?

Young people need to work.

Of course, you are not the second generation of rich people, so you still have to rely on some assets to allow the funds to operate before you can retire.

You have to know that when you are young, you have to pay a price for your 60-year-old self, so you have to make some preparations for your 60-year-old self now, or make some preparations for your retirement.

If you are in the United States now, putting away 200 yuan, 300 yuan, or 500 yuan every month is to prepare for you when you are 60 years old.

Friends from Taiwan, when you exchange NT$2,000, NT$5,000, or NT$10,000, it is to prepare for your retirement, but not for others to prepare for your retirement.

You can't retire and still work at the age of 60, 70, or 80, either as a security guard or a building administrator, right?

I don’t want this to happen. I’m not saying that job is not good. I’m saying that if you prepare in advance, you can have other choices.

So work is a service, not for money. As long as you make the right investment, you will be very rich.

If you use labor to make money, you won't make much money. Use a computer to calculate how much money you will have in your lifetime.

But when you understand capitalist investment, wealth is a gift, and you don’t have to work to make money. Your money will make a lot of money on its own. You don’t have to spend time making money, and you are truly rich.

Many people say that he makes money by investing, but he has to work every day when the market opens, so he is still a laborer.

So there is no need to spend money and spend time making money. This is the best gift that capitalism has given us.

Many traders and people operating there are actually just for entertainment. If you call them, even if they make money, if they don't trade for a day, they will have no money. If they don't make any money, won't they be hungry?

So that is not a long-term solution, so what is a capitalist? What is a capitalist?

It means that you gain freedom in your life. After you have freedom, you can accomplish your goals in life and do whatever you want. Money can help us. Money is a tool, not a goal.

So let me put it bluntly, you should not spend more than 4 hours in a year, and you should not spend more than 4 hours in a year.

The only thing I have to say about investment and financial management is whether we should transfer some American rust to II at the beginning of the year, or do a rebalancing action, or do a tax saving action at the end of the year.

Pain, we will talk about this later.

Well, so successful capitalists are not short of money. With real financial management, successful capitalists will be happy, happy and prosperous throughout their lives.

As long as you finish our class and your direction is correct, the rest will automatically navigate.

Success is only a matter of time, and if what you are engaged in now or you must work from 9 to 5, and continue to work, if you don't work, you will have nothing to eat, then you'd better pay attention to how you can stop working early and have money to spend.

Therefore, the average husband and colleague work 9 to 5 and have trouble eating and sleeping, and have no money to spend. They have to pay taxes, find loans, and have many fees to pay.

Open your eyes wide. When you open your eyes wide, your assets will not increase, but your bills will increase.

Not only is he having a hard time, but his family is also having problems. How to take care of his parents and children are all problems that his husband faces every day.

So everyone should make money and work hard automatically to be the capital of wealth, plus happy work and happy life. This is the life we want to live when we are just born, isn't it?

We just cry to eat. To live and laugh and play is to be happy. Ordinary labor is to work hard.

So how much money did you make helping your boss?

TSMC, TSMC employees work hard, sell their jobs, and how much money do they make for TSMC?

Who is the best and who is the best?

The profit comes from foreign capital, and foreign capital can get a lot of TSMC’s dividends.

Well, so who is the boss of TSMC?

Are they capitalists?

Isn't it that Weide family?

Yes yes yes.

Ordinary workers exchange their lives for money, and then have to pay taxes to support the country. This is not so good, it is an incompetent government. The governments in the United States and Taiwan are relatively incompetent.

Then you have to pay taxes to them and make money to the bank. Because you don’t understand financial operations, you don’t know how to borrow money for capital operations. If you borrow money for consumption, then you will have to pay a lot of interest to the bank for the loan. If you buy a big house, buy a big car, and enjoy yourself, then you will never be stable as a laborer.

Finally, at the end of the year, you ask your boss, I just got married, I gave birth to a child, I just bought a house, I need a salary increase, does the boss want to increase it?

Then your husband just can't get out of this alley.

So this is the fate of ordinary workers. It has nothing to do with you to work hard, help the boss, or help the company's stock price rise. Pay money, pay taxes to the government, and buy a big house and a big car for the government. You think this is the goal of life. As a result, you fall into a trap that workers can never leave.

So if you want to get rich, you have to think about how to get out of that rat cage.

Of course you have to work, and you are not a rich second generation, so in addition to working, you have to save money, and then save money.

I often look at you from the perspective of an electric farmer. If an electric farmer works every day, you will eventually eat up all the rice you get every year, and then you will still have to continue working next year.

If you are a smart shop farmer, you can save some money to exchange for some money, and then buy a piece of land. Gradually, in addition to cultivating the land of the landlord, rice will grow on your own land. Later, when the rice grown on your own land can feed your family, then you can leave that landlord and become a landlord yourself.

In the same way, you have to save some money after your hard work. You can't treat everyone as a free earner, so you have to save some money and go out.

Then get rid of it and make investments.

Then you can learn, of course you can learn from us or read our recommended books or audio books, so that you can enhance the spiritual energy of your investment.

Life is of course simple at the beginning, focusing on simplicity. Then invest in the stock market through the market, transform the capital market, and make more money. This is the key to getting rich.

So to get rich, you need to leave the rat cage, the labor rat cage. First, you have to save money. If you don’t save money, where will you get the oil that can accelerate your wealth?

So you must save money, and then you must know how to invest correctly.

This was in the past. I should have done it last year. Then what I did last year rose from 9.29 points in December 1941 to 4766 points in 1980. At the end of last year, 4766 points was quite high. The annualized rate of return in 1980 was 10.1210.12.

In the past, if calculated from 2014, it would be 9.57-9 points. Last year's high point of Ada was exactly 10.12, which means that it rose a lot last year, which happened to be a head. After it fell, today, let's do the math, today SPY 4060 points, 4600 points, 4060 points. From 9:29 in 1941 to 4060 today, the annualized return is 8.27, then 8.27, plus dividends of 8.27, which means SPY is almost 8% up or down.

In the long run, the annualized retention rate will be 8, which will be around 10, and it will jump here.

Then you can't control it, because everyone's life is different, your origin is different, and the date you start investing is different, that doesn't matter. But in the long run, it depends on which node you start from. Then if you calculate it until the end of last year, then you can only have an annualized return of 10, then if you calculate it until today this year, then your annualized return is 8. Then it may start to rise in the future, and you and the annualized return will start to go from 8 to 9 to 10, so it will drift in this range.

But no matter what, it has a better rate of return than government bonds and bonds.

So the key to getting rich in capitalism is to invest in American index funds. If you have money, buy them. For long-term investment, don’t buy them. You see, landlords won’t sell land. If they do, it must be a prodigal son in that family who will sell land.

So, if you invest in the US index for a long time, you will own a very large piece of land, and it will grow a very large asset.

Therefore, the key to getting rich in capitalism is to invest in American index funds, which is the United States in 11802. Then 200 years ago, if you had one dollar at that time, you would have one dollar today. In 2011, not this year, In 2023, not in 2011, you will reach about 1.13 million in stocks in almost 200 years. If you invest in bonds, you may only have 1,649 yuan, the difference is almost 1,000 times, 1,000 times.

So the investment is wrong, if you invest in bonds and you invest wrongly, the long-term return will be bad and the direction is wrong.

Well, not very rewarding.

This one has been deducted for real, and this one has been deducted for red.

Therefore, the long-term return rate of stocks is 6.7, which is similar to what we just calculated. After we just fell, it was more than 6.2.

Then if you invest in a bill, which is a short-term bond, your 100 yuan can only reach 268 yuan, which is a difference. It is nearly 5,000 times worse than that and 5,000 times worse than those who invest in stocks.

If you invest in gold, you can at best resist the temptation, but it will have no effect.

If you keep cash, you will only have 0.049 of one dollar left, not even a dime.

So you must invest, not keep cash, don't invest in gold, and don't invest in bonds.

If you look at short-term investment, the stock red may lose nearly 38% or nearly 40% in one year, and it may also return 68%, so the one-year shock is quite large, and the one-year shock is quite large.

If you buy long-term government bonds, the maximum loss is 25%, and the maximum profit is 35%. If you buy short-term government bonds, the maximum loss is 15%, and the maximum return is 25%.

But when your investment period reaches 20 years, there will be no losses in stocks.

Those are bonds and government bonds. Short-term government bonds and government bonds may suffer losses in the long term.

Therefore, if you hold stocks for more than 20 years, your risk is lower than bonds.

It should be said that if you hold it for 10 years, it will be cheaper than bonds, and if you hold it for 20 years, you will be guaranteed to make a profit.

Let me tell you first, if you have invested the funds in the same way, we will invest the funds in the stock market. Friends, please note that the market decline may cause your life to fall into difficulties, so you must do a good job in risk control.

Our general advice is that for retired people and general retired people who have no other income, you should leave three years of living expenses, or 20 PERCENT to 30 percent of your assets.

It depends on which amount is more. Of course, you can pick a number in the middle. Of course, you can also do it. This is just a suggestion. Then you can invest the remaining funds in index funds. In the United States, you invest in QQ q or SPY or VOO. Ha, VOO is also fine.

Let me make up for it, you can invest in VOO.

In Taiwan, of course we suggest that 00662 is the American Qa q and 00646 is the American SPIVOO.

What we tell you here is that the market will never stop rising, and the American index is to invest in the development of the entire human race.

So you can get the rewards of all humans in return of us humans.

But it doesn’t mean that there won’t be losses in the short term. The probability of short-term losses is quite high, quite high, so everyone needs to know that although the long-term return is 10%, there will be losses in the short term. Did you just see a 45% loss?

One year.

Although it is said that any high point will be a low point in the future, and ten years from now, if you look at the high points last year today, which ones will be low points?

But there are still people who go bankrupt in a market where the long-term return is 10%.

Therefore, investors must do a good job in risk control. When the market drops by 50%, you can still survive.

So when you can control risks well, then as long as you invest in index funds, you will have a happy life.

In capitalism, those who know can get this rich human right, and those who don’t know will always be husbands, or they have gone astray. As short-term operators, they cannot do nothing like us capitalists. OK, wealth will continue to accumulate.

This picture is a slice from our lecturer’s class on investment psychology last year. I took it over and used it. Alas, is it his slide?

Anyway, I went to the Internet to catch what he said, which is that although the market has been rising since 11870, there are many deep ditches in the middle, so if you fall into this ditch, the red ditch, the falling ditch, for example, you fell into it in 1929, and if you didn't climb out, you would go bankrupt, then the subsequent story has nothing to do with you.

So in the year 2000, there was a deep goal in 2008, so what people want to talk about is a person who is 6 feet tall. Therefore, in a body of water with an average depth of 5 feet, the depth of 5 feet is average. It is very shallow in places, only two meters, and two feet. But the deepest place is 18 feet, and if it is 18 feet deep, then of course you will drown if you are 6 feet deep.

So how do you survive in a market with an average growth rate of 10 percent without getting drowned?

Then you have to know and pay attention that sometimes it will fall by 70%. Only when you are still alive can you get an annual return of 10%.

Then this will involve the risk control we mentioned earlier, which means that you must have funds reserved for three years and then survive the period of imprisonment.

Ordinary young people say that to me, well, to put it bluntly, after we invest for 40 years, we will make more money in the last 5 years than in the previous 35 years. The last 5 years can be better than the previous 30 years, so the profits in the first 35 years actually seem very small, but it is because of the power of compound interest that you can achieve great things.

Ho, so I came to take a look.

Well, do you have a computer?

Computer, let's take a look.

Computer, suppose you have a hundred thousand dollars now, then after 10 years, what will happen to your i?

100,000, the ten percent return will be 2.5 times 2.0 in 10 years. Multiply that by 100,000. After 10 years, 100,000 will become about 250,000 to 260,000. This seems to be only 250,000 in 10 years, which is too little.

And that 20 years 10 present 20 years 6.7 times multiplied by 10, that's only 670,000, right?

670,000, then if it takes 30 years.

Multiplied by 10, that’s 1.74 million, which is not much. 30 years, you see, 30 years is 40 years.

Ten percent.

40 years, you need 40 years, oh, just 45 times 100,000, then you will get 4.52 million, so the first is more than 1 million, then if you have 100,000 yuan today, then you will get 4.5 million, then if you have 200,000, you will have more than 10 million.

So what I want to tell you here is that the sooner you invest, the better.

So here, if you invest in what we are talking about, it will be 10 PERCENT. The return of 10 PERCENT for me, young people, and you, we will all talk about 10 PERCENT.

So if you start investing now at the age of 22, and you only need to invest NT$156 a month in 40 years, then you will end up with NT$1,000,000 in 140 years, not NT$1,000,000. If you are NT$1,560, then you will have NT$1,000,000, NT$156 a month for 40 years. If you have NT$156 a month, how much is the equivalent of NT$?

I simply multiply the average value of 156 U.S. dollars by 30.

In fact, if you invest about 5,000 yuan now, you will have 30 million yuan in 40 years in one month.

If you invest 30 years later or 10 years later, you will have to invest 438 yuan every month to have 1 million U.S. dollars. In 30 years, you will have 1 million U.S. dollars.

Okay, then 438 yuan is what you need for a year.

You need to save 13,000 yuan a year. That is to say, if you invest 10 years early, you only need 4,000 yuan, and you will have 30 million Taiwan dollars a month. If you invest later, you will start to use 13,000 yuan 10 years later to catch up with those in front.

If you are later, you will need 1,300 US dollars a month to have 1 million.

The 1,300 yuan in Beijing is equivalent to 30,000 to 40,000 yuan, which is close to 40,000 yuan. Your output is equal to one million yuan, so the sooner you invest, the better.

So if you have 1,000 dollars today and use 1,560 U.S. dollars a month, you will have 10 million U.S. dollars.

10 million US dollars is about NT$300 million, so if you can use NT$40,000 at the beginning, of course young people, young people in Taiwan cannot have NT$40,000 per month. It would be good if you can save NT$40,000 of US$40,000.

There are many people who are 30 or 40 years old now. Maybe you can save a little more and grab 20,000 or 30,000, so it is not difficult to have NT$100 million or US$100 million.

Units, okay, let's go down. In fact, what I want to tell you here is that the earlier you invest, the better. If you invest later, you will need to put in more effort.

Here I want to teach you, if you invest 500 US dollars every month, as a young person, if you invest 500 US dollars every month, of course it will be NT$15,000.

In 40 years, you will have 5 million US dollars, about 6 million US dollars, about 6 million US dollars.

About 6 million US dollars, then if you have another 6 million US dollars, then you have 6 million US dollars. You are 60 years old at that time, from your twenties to your sixties. If you have 6 million US dollars, you save the money, and then save 500 US dollars a month, which is also NT$15,000.

Then when you are in your 60s and you stop working, you will have five to six hundred dollars, and nearly 6 million will continue to float around.

If you return 12 PERCENT, then when you are 60, 70, or 85 years old 25 years later, it will be 1,000.

That is, I have 100 million U.S. dollars, which is NT$3 billion, so this is the formula that can achieve this calculation. We have given this computer to everyone before, and so.

Then you only need an investment calculator. The investment calculator is here. The investment calculator is all you need. If you invest nothing for one month, you will have no support at the beginning. If you invest for 40 years, your return rate will be 12P, but you can use 10%. Then you invest 500 yuan every month.

Oh, look, if this is the case, you will have no money at the beginning, and you will make money at the beginning. If you invest 500 yuan every month, and the return rate is 12 in 40 years, you will have about 5.94 million, 5.94 million US dollars in 40 years, of course you If you use 15,000 yuan, then you will have 15,000 Taiwan dollars, and there will be more than 5 million US dollars, which is about 100, 150 million, or about 180 million. So you can use Taiwan dollars, and then what?

Well, in Taiwan dollars, you will have 170 million, 178 million, which is 40 years in Taiwan dollars.

That.

If you have 500 US dollars, you will have nearly 6 million in 40 years. Then if you have 6 million, it will be 5941210, which means you have 6 million. Then you will have 25 years and 25 years until you are 85 years old. Then you don’t need to invest anymore. Then here is the annual and annual return compound area.

That makes sense, that makes sense.

There were hundreds of thousands of us at that time, eh.

This every month.

40 years.

With an annual return of 12%, 15,000 yuan per month, then in 40 years you will have 146 million, 146 million.

If you young people in Taiwan can invest NT$15,000 a month, you will have NT$146 million in 40 years.

Then you say that 15,000 is too much. I can just invest 10,000 yuan. Then you will have nearly 97 million in 40 years, and you will have nearly 100 million, so try to save at least 10,000 yuan every month.

Ah, then you can have a life of 100 million like this.

OK, here is a simple calculation. If you can use that formula, use that computer to calculate it yourself.

So everyone here is still very curious, that is, when can I retire?

I want to retire early, can I?

Then one suggestion we give you is that your annual living expenses multiplied by 33 is the minimum liquid asset you need to prepare.

If the United States needs 100,000 U.S. dollars a year, then you need to have 100,000 U.S. dollars multiplied by 33 times, which is 3.3 million U.S. dollars.

So if you need friends with $100,000 a year, you need to prepare $3.3 million in funds.

Then you need to invest in a U.S. index fund. Of course, you should set aside about 300,000 to 600,000 in cash, leaving roughly 2.7 million to invest in the U.S. index fund. The 300,000 to 600,000 in cash can be placed in a U.S. money market fund. This is the money market I mentioned; this is at Charles Schwab.

Because I use the money market at Charles Schwab, there is a money market fund that is quite good now, called SWVXX.

Its return rate is 4.27, and the annualized return is still the same.

If you have more than 1 million US dollars in funds, you can put it in SNAXX. The return rate is 4.42% in the money market. Interest is calculated every 7 days.

Ha, interest is calculated every 7 days.

Okay, friends from Taiwan, assuming you need NT$100,000 per month to retire, you will need NT$1.2 million per year. Multiplied by 33, you will need to prepare nearly NT$40 million before you can retire.

Of course, you have to keep cash and three years' living expenses. You have to keep NT$3.6 million, or if it reaches 20 percent, NT$8 million in cash. This will be safer, and the rest can be invested in index funds.

So I suggest that everyone who retires set aside 3 years of living expenses.

Of course, for those who work, can you save 6 months to a year's living expenses?

Because of unforeseen circumstances, sometimes you lose your job as an Alpha, or because of an injury or something?

Wait.

Ha, then you have cash, so what we will talk about next is the ratio of cash to index, and the ratio of investment.

For example, if you have 1 million to invest, then you first keep 200,000 in cash, and then there is another 800,000. Of the 800,000, you want to keep 20%, and then invest 80%, so from 800,000 to 80 PERCENT 8864, you can invest 640,000. If you have 160,000 in cash, you can do rebalancing at the end of the year. This is a way to do it.

That is to adjust it every year or every two years, that is, you can keep some cash and index funds in your investment position. The cash in this investment position should not be mixed with the cash for living expenses.

Assuming that the amount you can invest is 800,000, you can still keep 20% in cash. When the market falls, you can increase your investment. When the market rises, you can have more cash and do a rebalancing of cash and investment positions.

Then if you read our books and some people who understand cycles, then you use cycles to invest. Under extreme market conditions, like now, it should be a good buying point. It is very cheap now. People should buy more cash and be brave enough to buy funds that can be invested instead of life.

It is the funds that can be invested, so be brave and buy them.

Sometimes we worry about paying taxes, but if you can be sure that you are making a lot of money, and the market is extremely optimistic at the high point, and the market sentiment is extremely optimistic, sometimes it is not a bad idea to sell it to pay some taxes, which is better than letting it fall.

The key point is that you have to be able to distinguish what is an extreme position. Then sometimes you will find that the market is very greedy, and then you will sell a little bit of stock early.

Then sometimes you will sell early, and I also sold early. Maybe if, for example, the high point is in 2022, then you may start to slow down in 2020, but you will hit the high point after two years of slowness. Then it is possible that you start selling in 2020, and if you sell in 2021, you will find that you are a bit stupid?

Why do you keep selling when the market keeps hitting new highs?

But by 2022, you will find that your previous selling action in 2020 or 2021 was a smart decision.

So sometimes it's hard to tell whether you made a mistake or did it early.

You have to go to the market, so if you can divide your investable funds into cash and investment positions, rebalancing every year or every two or three years is also a good choice.

If you don't understand the cycle of push, I don't understand the cycle.

OK.

Next, let me tell you that the United States has very good tax incentives for long-term investors.

So what I say is that our real investment is not short-term operations, but that if you have this discount, you should take advantage of it.

For example, if you file taxes as a single person, you will have a tax exemption of 50,000 yuan per year, which means that your long-term capital gains will be tax-free for 50,000 yuan, or if it is black, you will have 100,000 yuan tax-free.

So how did this come about?

I'm here to take a good look at it with you all.

You'll be fine on the Internet, let's have a capital.

This only has American friends. game xcapital game the text.

In this case, capital game long term capital, the tax of capital game is 0 tax rate and 0 no tax.

That is to say, if you earn 41,675 yuan from a capital game, you don’t have to pay tax. The tax rate is 0. So if you are single, do you still have a tax exemption of more than 10,000 yuan?

So what I mean is that if you are single, you have 50,000 yuan tax-free.

The excess is a fixed tax rate, which has nothing to do with your income. It has nothing to do with your income. It is 15%. The fixed tax rate is up to about 450,460,000. Your fixed tax rate is only 15% at most, and it has nothing to do with your income. This tax applies to your income of 1 million, and of course the income exceeds 400,000.

OK, then if you are married and the two of you have a tax-free income of 83,000 yuan, 83,000 yuan will be tax-free.

83,000 yuan is tax-free for couples, and the portion exceeding 83,000 yuan to around 510,000 is subject to a 15% tax rate.

The 15% text is just 15%, and it will not be higher than 15%, so it is better than the general income text. Therefore, this is the United States’ most tax preferential treatment for long-term investors.

Next, I don’t recommend that you do financing. You should not do financing. This time the market fell, many people went bankrupt after financing.

Try not to use credit loans. We recommend that you pledge stocks. So unless your job is stable or your pension exceeds the funds you need, it is safer for you to make some pledges.

When you use credit or nothing, don't borrow more than 20 percent of your assets. Don't borrow more than 20 percent of your assets, which is 20 percent of your current assets.

Everyone should know that the market will correct at any time, so you often want to ask, if the index fund you are currently investing in drops by 50%, will your entire portfolio and your entire assets be safe?

Will your life be in trouble?

So, do you have a plan for your life in the next three or four years?

You have to think about this at all times, and don’t take it too seriously. You must think of the risks before getting a return on investment.

Then if you think about it this way, you will know how much risk you are taking.

When you think about your current funds, if the investment assets are cut in half, can you do it?

Do you have living expenses from 3 to 43 years?

If so, then market fluctuations have less to do with you.

You won't be a 6-foot-tall person drowning in an average of 5-foot-3 water, because you have a driftwood, and your living expenses for 3-4 years are a driftwood, a lifebuoy, and cash is air, so you need air and a lifebuoy before you can swim across that, um, 18-foot-deep ditch.

Then if you think about it and find that you cannot withstand a 50% drop in the market like this, then you have to pay attention to your cash position and pull it up?

If you get to that point, of course you have to accept that the overall rate of return is relatively low.

Well, there is nothing right or wrong about this, that is to say, risk comes before reward, otherwise you will drown and no matter how big the reward is in the future, it will have nothing to do with you.

Therefore, the important thing that our long-term index investors do is that index investors are doing asset management, that is, the management of your cash position and investment position. When the ratio here is correct, your risk control is completed.

Therefore, we long-term index investors never worry about the stock price. The only thing about our stock price is that the stock price may be cut in half. That's it. If the rise is of course not our problem, it won't be a problem. What we worry about is that it will be cut in half. That is our problem.

Therefore, we will never worry about the rise and fall of the stock price in the short term of one or two days. What we mainly think about is if the market cuts by half, can I still do it?

Am I still alive?

Do I still have cash?

Do I have air?

This is what we also consider, so long-term investors should never react to the stock price. The only time is when the market falls deeply, then you can increase your investment and increase the perspective of the funds that can be increased. Otherwise, you have to make asset adjustments and be objective about risks. That is, when everyone is optimistic, you have to be conservative. When everyone is fearful, like now everyone is very conservative, then you can be more greedy, and the market will slowly bottom out.

Okay, we have this on Facebook. Your Facebook is rich in fifty. Rich in fifty is like this. If you go inside, there is an important information link to important Facebook.

Oh, let me take a look if there is more displayed there, eh?

Show more, show more, then 2022 will be over.

As for this article I wrote, and all the chapters in the article, are you sure?

This is a one-person lecture in 2022, and we may have to change it to 2023.

There are also some YouTube, articles, and books worth investing in. Here you go, so you click on that important information on our website, right?

If you click on it, there are investment books. If you click on the investment books, you will find the investment books we recommend. Stroll along the long-term investment path of Wall Street, the way to make profits, retail investment sites, return to the original intention of investment, and get out of the money dilemma.

Final confession from a Wall Street banker, my profession is as a shareholder.

Some of these books are out of print, that’s okay. If you can buy them, read them. If you can’t buy them, forget them.

Then let’s be careful and not trade.

Peter's stock selection strategy, Peter's growth stocks, as well as the starting point of buying and Peter's principles of stock growth.

The buy-in stock review is not Peter link, but this is what you want to read if you are a stock picker.

Buy at the rising point, the principle of stock rising, the ultimate investment development, and the first young man to speculate on Wall Street. You have learned a few lessons.

Buffett is, um, out.

Then come the Yin line, Yang line, and K line.

The most important issues in investing are the three most important issues in investing. The most important thing in investing is the book that should be hovermarked.

The three most important issues in investment are some famous teachers. We have many famous teachers in the market, so here, um.

I will tell you some about Ken Lung Blood, which breaks down many things in the market that you think are right, but are actually wrong.

Next comes our new world, the future map of the world economy. These books are about business cycles. Why does business cycle?

Inside?

The most important thing about investment guru is that everyone can read this person, so we have a book list on Facebook.

Next, there are audiobooks. I found a few, some of them very good, so I put them together into a practice. Go to our Shelsey Club. The playlist in the Shelsey Club has an investment audiobook playlist. There are nearly 10 books in it.

Hello everyone, today we are talking about reading. Sometimes the reading is very fast, so I suggest you use 0.7 times the speed, so I will use 0.75 to play the speed. This will bring a Wall Street classic when I return to investment.

Okay, the speed will be better this way, don't blah blah blah.

After listening, I heard nothing.

Slow down, like me, I have listened to these 10 books at least 10 times. It is worth reading slowly. This book can also accompany you through the entire investment life.

Then the next step is how to buy it. Now, um, you still have funds. You just need to buy it. How do you buy it?

The market will always go up, so the sooner you buy, the better.

The earlier you buy, the higher your expected return will be. Then remember to keep three years of living expenses or 20% to 30% in cash. This is your air.

Young people still have jobs, but only half a year to a year's living expenses are left. If you have already made money in the market, or you have relatively large funds, how much funds do you have, such as a year-end bonus?

Then you can just buy it in a single transaction, no problem.

If in the past, half of your funds were in the market and half of the funds were outside, and half of the funds still suffered losses in the market, and there was not much profit, then you had to invest in batches. Then I suggest investing in it in one year.

If you have never invested and heard our video today, then you want to start investing. I hope that your current funds will be invested in three years. Three years is a relatively conservative approach, and I don't want it.

Then you have to be more positive, it's up to you to decide.

Then if you have working people and young people working, you can be more active.

It doesn't matter, it doesn't have to be runes. It's divided into three years. You can invest it in one year or half a year. Because you have a carefree life, you can invest it earlier.

You have a fixed amount every month, and now it is easy to divide it into regular quotas, so you can set a fixed amount on a regular basis.

If I buy from the United States, can I get a fixed amount?

SWPPX WPPX Here is a video that teaches you how to make a regular quota.

If i average not across average are and then plug it in, then Chester can reach average.

Let me take a look at Automatic your investment. For this, look at charge up. For this, you can set the data average charge up. Then you can do this action. This has charge shop investment. Ha, then you can learn it and you can invest s w p p x s w p p x.

What is s w p x just charge up the s p y's ETF.

SWP index fund is SPU i.

This SWPPS, this is this, then this is trust SWPPS, you can invest 100 yuan, and then build an average, you can invest with a small amount of money, young people can use this to ride on other averages, and its expansion ratio is also very low.

The expansion ratio is only 0.02, which is lower than SPY, but its ears are 1.67, which is a little lower than SPY.

So anyway, the wool comes from the sheep, so young people can use it, and those in the United States can use SWPPX, yes.

Friends in Taiwan can invest in 00646 or 00662, or many brokerage companies can also make regular fixed-amount purchases in this ordering feature.

Okay, so if you have never invested and start investing now, then I hope you can buy it regularly and at a fixed amount.

As long as you buy it regardless of how you buy it, and don’t sell it, then even though the decline in 2022 will not be terrible, the 20%, 30%, and then it will come back. Here are all of them, whether it is a good investment, the first one is insurance is not a good investment, buying a house is not a good investment.

Well, why, many of our past 400 films have said that insurance is not a good investment, houses are not a good investment, people, bonds, and real estate are not a good investment either.

Well, although Ruizi is not a good investment, then our Facebook should have these information, and then our Facebook should have these information, our Facebook is the information.

Well, this important link of ours will tell you not to buy insurance. Here is an article about not buying insurance. Then there is also an article about not buying a house.

Why not buy a house?

Then I will take a look and search why not buy a house?

Don’t buy a house if you don’t own real estate.

Anyway, can you watch our YouTube video?

Hope said that houses are not a good investment, so I finally gave some buying advice to friends in various regions.

In the United States, you just buy QQ QVOO SPY or QQ QM. QQQ is the same thing as QQ QM, and VOO is the same thing as SPOI.

QQQ is the same as QQQ. QQQ is just a big package, while QQ QM is a small package.

As for Taiwanese investors, if you want QQQ, buy Mutual's Nasdaq, um, it's 00662. If you want something more conservative and stable, just buy 00646. There are a lot of Chinese ones, so I won't read them.

Then if you are listening on ipockest, then you should go to YouTube to see us. China's Nasdaq is 513100, which is Nasdaq. If you want SPY, it may be 050025 or 096001.

Some of them have been sold, some have been discontinued, I don’t know.

So you can go to this YouTube to watch this video, then you can see these suggestions for Hong Kong friends, you can buy Nasdaq, that is, 30863086 is priced in Hong Kong dollars, 9086 is priced in US dollars, or 3834 Hong Kong dollars, 9834 US dollars.

If different people find i share, i share is 92834 and 9834. Then China refers to it as 3086 and 9086. This is Hong Kong, Canada and Australia. For Canada, we recommend QQC or QQC Dash f.

Then you have to convert it into US dollars and buy American QQ VO or SPR directly, which is equivalent to that.

Then Australian friends, just buy NDQ n is Nancy d is David q is the question the q huh.

For British Europe and Northern Europe, of course you should buy CNB x Yan at all in a London ha cis Charlie n is Nancy d is David x is x Ray okay also a.

Friends can also buy EQ q three q hae is Europe's EEQ QQ.

Of course, there is also the US dollar-denominated VUSD issued by Vanga, or the CSPX or VUAG issued by Asher.

Then my previous experience seems to suggest that you can also use CSPX with these three products SPY. In Europe, SPY. Of course, if you can use EQ QQ in Europe or want SPUI, it is CSPX. I share issuance and Vega's VUAG or win port issuance US dollar-denominated VUSD.

You can look at YouTube for details. For the Nordic part, you can pay my QQ via China Nord Network Kaifu.

Japan can buy 25682568 from Nasdaq.

Nasdaq can also be bought on Rakuten Securities SBI Securities in Q1Q.

I didn’t know that a friend in Japan offered me to buy it, and the handling fee was 0, as long as there was no special tax.

Ask your friends in Malaysia whether they can buy VO or QAQ in Palm Cache Plus. That is to say, this is in Singapore. This Malaysian friend can open an account on the platform of a securities firm in Singapore. Of course, Malaysian and Singaporean friends can also do it.

Of course, if you want to have some money in the United States but don't want to stay in Taiwan or just in case, you can open an account in the United States.

Please note that if you are not a U.S. resident and you die suddenly, you will have a lot of inheritance matters to do, so it is recommended that you open a join account, or have another person take over the account. Otherwise, the inheritance tax will be very high.

If you want to open an account in the United States, of course you can follow my financial advisor Lisa. Here is Lisa’s email.

You can contact Lisa at doc two addstruct dot com and ask her to help you open an account.

I don’t think I can help you open an account. You may have some difficulties opening an account yourself, so you can ask Lisa for help. Lisa can speak Chinese and he is a very nice person who came from Taiwan. We did not come from Dongxuan, and I have no direct interest relationship with him. If you are in the United States, you suggest others go.

Well, you cannot have relative remuneration when opening a stock market account. If there is relative remuneration, it is illegal.

This is not possible. Without me, we would not get any benefit. It is just convenient for you.

It is of course better to open an account at Charles Schwab. I personally think it is a relatively large company. When you open a Schwab account, it is best to apply for a Visa debit card. Lisa will probably suggest that you open a checking account.

When you have a Visa debit card, that debit card

functions like an ATM card. You can withdraw Taiwan dollars in Taiwan, euros in Europe, and Japanese yen in Japan. All are calculated at the spot exchange rate, which is very good. You can also swipe the debit card, but use the local currency.

In Australia, choose Australian dollars for the charge, because the Charles Schwab exchange rate is better; the card terminal's exchange rate is worse.

What do I mean by the card terminal's exchange rate?

For example, when I swipe a card at a terminal in Taiwan and it asks whether to use U.S. dollars or Taiwan dollars, choose Taiwan dollars. If you choose U.S. dollars, then a NT$10,000 purchase is converted by that local bank, such as CTBC, and its U.S. dollar exchange rate may be worse. So it is better to use the Schwab exchange rate.

Exchange rate, for example, when you swipe, you use the local exchange rate. For local currencies, if you swipe in Europe, you will use euros to swipe, and if you swipe in Taiwan, you will use Taiwan to swipe.

Okay, that’s it for our 2023 investment lecture, the NT$100 million lecture.

In the same way, investment requires meditation. As long as you buy it and don't move, you can go through bulls and bears and truly become a happy capitalist.

That concludes today's course. Thank you all. Thank you.