00451 2024 First Investment Lesson: [Multilingual Subtitles] A 100 Million Yuan Investment Life Lecture, December 29, 2023, CLEC Investment and Finance Channel (Chinese)

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Disclaimer

Recording.

Okay, let's start today's lecture first. I'm sorry to trouble you, thank you.

Okay, thank you teacher.

Today is December 29, 2023. It’s Friday in the West United States, the time is 4 o’clock in the afternoon, and it’s 8 o’clock in the morning on Saturday, December 30 in Taiwan.

Then we insist on releasing a new valuable hospital investment lecture video every year, so that new friends have the opportunity to get on the wealth train.

I'm very happy. Today I can come and help the teacher start the class.

Well, I am honored to work with the teacher and serve you. I am really happy.

Well, today I mainly want to share with you my own little story, how I met the teacher, and how I embarked on this long-term investment path. I hope that my little story can inspire all the listeners, and then I will approach it from different perspectives. It started in 2017. In fact, at that point in time, I had already found another way to make passive income that would allow me to make money without having to work all the time.

And at that time, passive investment or pure stocks were not so popular in Taiwan, so I relied on my own experience, because at that time, I had been selling in the securities market for 20 years.

Then I wanted to find a way to relax a little bit, and then, um, could I not work so hard?

Then I started researching on my own, and then just took a look at my own experience. I finally decided that I wanted to start buying Taiwan 50 on a regular basis. When my classmate in the reading club happened to be the teacher’s sister, he told me, alas, his brother is coming back to Taiwan to start classes.

Then he rarely came back to Taiwan, and he rarely held classes. He asked me if I was interested, and I actually liked it at first.

Because in fact, those of us who have been in the securities market for a long time will actually know any teacher we hear. The teacher who trains talents is simply me, and I will not be interested.

But he added that my brother will retire at the age of 42. Then I was very interested, so I went to participate in this course.

Then during the course of the class, what the teacher said actually hit the mark, because I had already done my homework before, which is what I want to invest in for the long term. In case what the teacher taught me, I learned it by myself, and it was all confirmed to someone. He just said that the teacher was talking about the US stock market, a market that I was completely unfamiliar with, so.

Well, I really understand what the teacher is talking about.

Every sentence in the course taught by the teacher is amazing and important.

At that time, the Internet was not as developed as it is now. After the teacher finished class, I actually had the teacher's email and the teacher's lie. Then we became his student, and I could only ask him via email.

I feel that it is much easier to obtain information now than when I had to ask the teacher questions.

And at that time, the teacher actually said what he said five years ago and five years later. Now he actually feels that he has grown a lot. This is because I want to say that the teacher was really fierce before, very, very fierce. Every time I want to ask him a question, I have to think about how to ask the question first, so as not to be scolded.

But actually the teacher is also very good. I think he really teaches me with great care.

Because in fact, I don’t know much about US stocks, so even if I have thought about it, my long-term investment method, I still can’t implement it quickly, because I don’t have a teacher in front of me, until I meet a teacher, and then I dare, just like the teacher taught me in the past few years, I didn’t invest much money at the beginning, and then in the end I was able to borrow the house loan, and then finally I lent my credit, then I pressed QQ, and now it is 00662.

Well, I think everyone has their own topics to learn and their own doubts in this process, but I also think that everyone really needs to think carefully about what your problem is before asking it.

Then I asked the teacher again, I think this is respect for the teacher, because, well, I think the teacher does not know common sense, and then he, I think he is really like me to me. Although we are not very close, we are not very close, but he is hands-on. When I ask him, he will definitely answer me, and then he will let me know, and use a very simple method to let me understand what the truth is.

So I am really grateful to the teacher for allowing me to be so weird. These five years have completely changed my own ideas about wealth. Yes, and, um, I am sincerely grateful. And I also hope that whether it is a new friend or an old friend, they can continue to convey the teacher's concept, and then make us all, um, richer. And this wealth is not only about money, I think we are also rich spiritually.

Well, okay, I am the teacher's number one fan, but I just hope that everyone can get better and better together. In this way, thank you teacher, and then we will ask the teacher to start today's class.

Thank you cat. Ha, cat is a student who has not been scolded by me.

Yes, I am, I can be very harsh sometimes, because I think you are worthy of me being mean to you.

If you hadn't been scolded by me, then you would have become one. This depends on a person's determination and that.

Yes, I have seen that in order to achieve success, no matter how hard it is, no matter what the means, it is necessary to succeed. This is the only way to succeed. This is how human power is.

OK, thank you cat, you helped me a lot by carrying cat all the way.

A lot, we all learn from each other.

Well, thank you Steven Jimmy. If you come up, it means that you also understand my investment. There are still many friends down there. I have seen it. If you are willing, come up.

Then you can speak if you want to.

Then I'd better start my lesson today.

This investment life lecture worth NT$100 million was considered by many people to be unattainable, and some people said it was just for eyeballs. Later, I wanted to come back this week, which meant that I felt it had too little meaning.

Why is this?

I held a program two days ago, about how much you know about wealth. If you haven’t watched it, go watch our program numbered 00450, which was held two days ago. Originally, the content was to be discussed together today, but the content actually only has a few sentences, but it takes a very long time.

It is not easy to explain a simple truth.

The Tao is very Tao.

Well, so you can come and listen to this today, especially freshmen or those who have never heard of it before. This class is really for people who come into contact with us for the first time.

For those who already know our investment philosophy, this is just a refresher.

Then see if you have followed the message and there are handouts. You can download the handouts first.

Then go to the handout, because there are some rubbish, and there are some rubbish, okay, let’s do the same on the second page.

Disclaimer, I think everyone has repeated this a lot, that investment is risky, so everyone needs to be cautious.

The market will fall by 70%, so you first simulate your position in the market. If it falls by 70% tomorrow, what will happen to you?

What will you do if the market is closed for three years in the future?

It doesn't matter if the market is closed for three years in these simulations, because if you are still working, then you have retired. Have you set aside an emergency reserve fund for three years?

This all needs to be thought about first, before investing, just like when we go hiking, you need to predict what will happen if there is a snowstorm?

If you were trapped in a snowstorm, would your clothes and food last until someone came to rescue you?

This is all the same, so it is the same for us in investment. The market is constantly changing.

Therefore, if you do not estimate the default position first and say that the market may be closed for three years, you would be too careless, so you must know that the market will be closed for three years.

Oh, although it has never happened in the past, you have to know that it does not mean that it will be closed for three years, but that the market will fall for three consecutive years, and you cannot sell.

Oh, you can't sell, you can't sell stocks to make a living, if you don't have a pledger, you can't sell stocks to make a living, then what should you do?

We need to pay attention to this, so everyone should control the risks in advance before we can continue the content. Otherwise, if the risks are not controlled, then all investments will be in vain.

Okay, let's go to the next page.

We don't want us to live a muddleheaded life, nor do we want to regret it when we get old. We hope that we will live a happy life.

There are no regrets in the past, I am very happy now, and the future is full of hope. This is what we want. What we want is that the past, present, and future are all great. This is like what Jimmy once asked me, that is, do you have any worries?

I thought about it and said, oh, really, I'm not worried at all.

Why are there no worries?

Everyone knows this because you think everything through.

I'm not saying that I am necessarily the most transparent person, but.

Whatever can be worried about and can be solved, I will solve it.

If I can't worry about something that won't come back, I'll just let it go and leave it alone, so there's nothing on my back. Money is a very important thing in our capitalist society.

There is no one to teach us about opaque things. We have been taught everything from childhood to adulthood, but no one teaches us about money. This is quite special and strange.

Yesterday, I replied to a message. I said that this was deliberately caused by a social capitalist and the financial industry. I said that what was deliberately caused was caused by their subconscious mind.

The school was in Germany. At that time, after the industrial revolution, there was a need for a lot of husbands, so they were training husbands.

You have to know that in England at that time, when workers were very low-class, second-class citizens, they had a book, I forgot the title.

How to tame husbands? Should they be locked up in a factory to be efficient? Don't let them go home, or whatever. You can think of it. If you look at capitalists, then the financial industry will follow. So we grew up in a captive environment. So why do you realize that we are actually captive when you have this awareness?

So I want to tell you something to awaken everyone, that is, the talent of being rich. From childhood, no one taught us that the talent of being rich is to teach us to work hard, study hard, and find a good job after college.

It's like the electric rice field in ancient times. If you want to wake up before dawn, I will wake you up at four or five o'clock, and then follow me to plow the fields, with your feet in the cold rice field.

If you don’t learn to farm well, in the future there will be no people and no land, and the Lord will give you the harvest.

Well, today's society is still the same. Study hard, work hard after college, and find a good company.

I often say that those who come to study in the United States are all husbands, there is no difference.

The husbands of people thousands of years ago were exactly the same as the husbands of today, but why is this so?

Because no one has awakened everyone’s awareness that they are rich and talented. No one has taught them this awareness.

Nowadays, many financial bookstore books only teach you how to gamble, and no one teaches you that being rich is a talent.

If you look at those books, there is no guarantee that they will make money, and no one dares to say that they will definitely make money.

No, then we have changed it. Wealth is a talent. You only need to wake up and you will have it.

Is this a natural talent?

It's natural, everyone has it. It stands to reason that if you reject him, that's not the case for you.

It seems that it was said before that women did not have the right to vote. Why did they wake up later?

When women wake up, will they have the right to vote?

Because it was previously taught that women cannot vote, and now it is said that women can vote, now what?

It's weird that you said women can't vote.

So it used to be strange to say that being rich is a natural weapon, but now I want to tell you that being rich is normal.

It is not your fault that you have fallen into poverty, it is the result of the capitalist captivity of the entire society.

He wants you to be poor, so you can work only if you are poor.

If you are not poor, who can we find as laborers in our factory?

Yes, so you need to know this, that there are many classes between countries, classes within countries, classes within factories, and classes within companies are all classes.

So you say all people are created equal?

No.

But if you know that wealth is a natural gift, then it will be equal.

Oh, I understand, that’s it.

So you need to know that you have this right. Those who don’t know this right simply don’t know how to fight for it.

Yes, everyone is equal, so you have to fight for this, right?

You must be informed before you are told. Everyone’s equality must be informed first before you fight for it. If you are not informed, you will think that it is me. I seem to be inferior to others. This seems to be normal. I was born inferior to others. This must be informed. Therefore, talent must be informed, so I want to tell everyone that you have the potential to make money. It is not your fault that you do not have money. It is the injustice caused by society to your class.

Okay, so you are powerful and gifted and need to be informed.

So I want to tell everyone that wealth is a gift.

You are here to take this class today, especially the freshmen, you are lucky because you have been informed.

Tell me, then you will be rich after telling me. This channel is to make everyone rich.

We want to eliminate poverty and class. We are not just teaching you how to make money without skills. The other thing is talent. You are all equal. What skills do you need?

Any tips?

There is no such thing as talent, it does not require skills, so you just need to be aware.

For those of you who are rich, I started taking classes to teach you how to be rich. I said it is easier to teach you how to be rich, but harder to make you happy.

Now I’m going to talk about one more thing. I want you to understand how difficult it is to spend money. There are steps to this, so I didn’t talk about it in the past. I once had a class specifically called happiness, but it seemed like everyone was losing interest.

OK, now everyone has money.

I have been with you for a long time, and both of you started to have money, and started to seek the meaning of a happy life.

Of course, this is the difference in levels, so happiness is a human right. When we live in this world, no matter how many people you do, you must feel happy, and you must feel happy.

In fact, if you are altruistic, you are also benefiting yourself. I think if you benefit yourself first, you will be altruistic to others.

This is, then you can think about it, I will continue to talk about this, and start one or two lectures to make a class.

So what is your most important goal in life?

You see, since we were young, of course we have aspired to be doctors.

Like Stephen, I aspire to be a doctor, or I aspire to be the president.

What do I aspire to be?

I used to aspire to be a doctor, but I thought, well, if I don't get into medical school, I might have to join the military.

So I said I would take one exam first and then get into a university first.

Later, I told my dad that I was taking the medical school exam in my second year, but when I got into college, I didn’t take the exam a second time.

So what has been your ambition since childhood?

What is the ambition?

Your you, we as a people have forgotten what we wanted to do in the first place.

So when you think back now, what is your current goal in life?

Let me tell you why I want to talk about this?

Because what do you do with the money?

If you don’t have a goal, what will you do with your money?

Why are you giving me money?

So you don’t even know your goal, what is your goal in life?

So what do you do with money?

You always have to think about what my goal is?

I want to use money to achieve my goals.

If your goal does not require money, then state your goal clearly first.

Oh, then you don't need much money, that's okay, but being rich is a gift.

So when you have 100 million US dollars, will your life goals be different?

Would your life be different?

Let me tell you, I took my dad and my mom for catheter treatment.

For new catheter treatment, of course, we will tell the doctor, it doesn't matter, as long as the catheter needs to be paid for at our own expense, we will use the best one.

But when I was about to get off the elevator, I had to go home. There was an Abe in the elevator who called his son. This catheter costs hundreds of thousands. I sold that one. I sold it. I have to do it. Don’t do it. If we don’t have money, we won’t do it. You see, money can save lives. Money is very important. So this can be as small as you taking care of your home, or as big as what is your goal in life?

You have your current goals, maybe.

Oh, I'll just take care of myself and travel well.

How much money do you need for this?

Actually, it’s not much, just 1 million US dollars, that’s enough.

What we talked about about wealth that day was how much that wealth is worth. We talked about this and that. One million is enough for you. It is enough for you to have food and clothing.

But if you suddenly have doubts, I taught you that wealth is talent. But I said there is one. Haven't I been helping you calculate that traditional recently?

I calculated that each person's income is 200-300 million, and it seems that there are very few areas with 100 million.

Just finished the traditional II part, the traditional forest part rarely has less than 100 million.

This made me awaken, that is to say, no one knows how much wealth is worth. If you have so much wealth, your ambition, our ambition and our ability to spend money are lacking, completely lacking. Our concept of money is still there, and in the era of resources, even I have been in the past one or two weeks. I found that my concept of money and the concept of using money are completely childish, so I want to grow with everyone.

When I say you have NT$100 million, what is your goal?

What is the goal?

It seems that no one has thought about it. If anyone has, please share it.

So our course is to teach you to have a rich life, a happy life, be rich, know how to use tools, and make yourself happy. This is our purpose. The focus of this class is here, so we always have a slogan, that is, wealth is a talent, and happiness is a human right. This is very important, very important.

Okay, let's go to the next page, so we're in captivity, we're a husband.

So what is the actual difference between workers and capitalists?

Is this different from a landlord and a computer?

The farmer just sleeps until he wakes up, and the landowner just sleeps until he wakes up naturally, then goes to collect the rent, and I buy some delicious, fun, and good things to take home for my family.

This is the landowner. You are watching the TV. The landowner went out to collect and pay, and came back to buy a bunch of things. The whole family returned the electricity to the farmers. Before dawn, they went to see the Taiyu Company. Sun Canzui went to see if this and that rice field had water.

Yours, if you were a child of computers, you would just go with them. Now you go to school with computers, which is not to say that going to school is not good, but what is the purpose of going to school?

This is very important. Rich people and capitalists tell children, just go and take a seat, as long as there is something you are interested in.

Oh, our family is rich, and you can succeed in whatever you want to do. If you don’t have money, what will you talk about and brag to?

What musical instrument are you playing? Can you eat?

This is a poor man’s electronic farming education. This is how children are taught. Can painting be used as food?

Right?

So what is the difference between capitalists and workers?

Of course it is different. Huang Daogong has to get up in the morning. He is so sleepy that he has to get up. He is a capitalist husband. It is Sunday every day. This is a capitalist. Of course, many people go to Asia and look down on this unjust sanction against capitalists.

Oh, it's so delicious and lazy to make, it squeezes my husband.

The capitalist just smiles, what can he do?

Just keep doing it.

Then you make your own choice, this is about choosing you, you can choose, life is a choice.

We are not saying that I will not work. You see, I have been working since I retired in 2004, and I have never stopped.

Non stop, my boss has been thinking about it and has been doing non stop. He wakes up in the morning and starts working. He responds to emails, helps everyone with Excel calculations, and records videos. I still continue to work, but do I get paid for my work?

I don’t have a dime, I don’t even have YouTube to activate the music mode, so I still have to spend money.

Buying a GC GPT, buying this, buying that, are all very happy, I am very fast, and I spend my money very happily.

That job is a service, not for money. But if you use your labor to make money, you won't make much money.

I am, I'll just do the math with you.

How much will your salary be when you go to work?

How much is the salary increase each year?

If you save for a few years, you will only have so much, and it is impossible to have more than this.

Then you still think you are making money with your labor, right?

Assuming you don't invest, let me do the math.

No more than 5 million.

You can't save 5 million.

So if you still want to buy a house, there’s no need to talk about it, so the house is a trap.

Because you will work hard if you buy a house. If you don’t buy a house, you won’t worry about whether you have a job?

You will choke the capitalists and bosses, and they don’t want you to be like this.

So only by understanding the operation of capitalism, you have to use your money to work, and work hard for money. We people don’t need to work too hard. We are to serve the purpose of life and enhance the life of the entire human system.

In addition to growing ourselves every day, can you think about who I serve?

In fact, if you go out for a meal, you are actually serving that store. Because you ate $200 today, your store’s turnover is $200 more.

The more waiters spend, the better your service will be.

So consumption is a kind of morality and a kind of payment.

Don’t skip consumption. To make yourself happy, to make your family happy, to make the factory, company, and store happy, and to make the store’s employees happy, you have to spend money. Spend what you can afford. Not spending it is immoral. Not spending it is immoral.

So don’t think about labor every day. We Asians in emerging countries just want to work every day and work three jobs. This is wrong thinking.

We keep building factories, but the capitalists behind the factories are behind us. Is TSMC’s factory in the United States owned by TSMC?

No, the factories of capitalists are capitalists, and TSMC is European and American.

TSMC has nothing to do with the Taiwanese people.

Taiwanese people only work as laborers. They study for a while, get a Ph.D., and work for Europeans and Americans.

Although he is in Taiwan, he has actually been working in Europe and the United States for many years. The student came all the way to the United States, and he is still my husband.

I talk about this too much outside.

You may feel uncomfortable, so I won’t talk about it anymore.

My book friend is Tian Wu, so capitalism gives us the best gift. After this class, you will know that you will really be rich.

After you finish this class, if you want to feel it, you will know that you will be rich. If you have talent, you will be rich if you are rich. This is very important.

I am very rich. I grew up thinking that I was rich. I grew up thinking that I was rich. I grew up thinking that I was very rich.

Although I didn’t even know how to make money when I was young, I told myself that I was rich when I was making money. I don’t know why I have this concept. Maybe our family knew how to invest when I was young. My father took me to collect foreign exchange money when I was 7 years old. When I went to collect foreign exchange money, when I took it back, my father said that the money was not ours.

That one quite shocked me.

Why do I have so much money but I don’t have any money? Our family doesn’t have any money.

I told you that at that time, in the new building on Zhonghua Road, people were eating pot stickers, soy milk, and dumplings. I thought, who is there?

When we have a meal, my father may have eaten a month's salary, so why is there anyone in there?

It turns out that we are husbands and they are capitalists, that’s how it is.

So my determination at that time was that I must be rich, and I will be rich, so you will be rich too, you will be rich, you are very rich, very rich, because they are all hundreds of millions, and each of the people I will count for me has hundreds of millions of dollars.

So we must finally gain our own freedom and complete our mission in life.

We are not here to be confused and leave like this, no, we are not here to endure hardship, we are here to enjoy, we are here to be happy, money is just a tool for us to complete our mission, successful capitalists are not short of money, we should not be trapped by power, because money is a tool, how can you be trapped by a tool?

No, you are born with tools. This is what you came to this earth for. You came to this life to give you tools. This is a gift.

OK, this is talent, so manage money correctly.

Why?

Talent, why doesn't it fall from the sky?

I still need to learn or understand this, because you have to be informed, and power also needs to be informed.

So you have to be told that you can have money, you can have money, you have the right to have money, and you can live a happy and prosperous life.

The point is, do you want to be told which direction is right?

There is still a financial industry in this society, which is just a trap. He will expose you to the wrong path, making you both husbands and never being able to get out. It's like a rat dragon will always be a rat and keep running. They need you to run. Then you still fall into the trap, and you are really trying hard to run.

So as long as you are in the right direction, success will come sooner or later. If you are in the wrong direction, it will be useless no matter how hard you try.

So if you want to be a laborer, then you work 9 to 5, can’t eat well or sleep well, and have no money to spend your life. The only one who is old is your husband who pays the loan. Then you are already so tired, will the people in your family be happy?

You go out to work hard every day, you are very tired, and you don’t get along well with your children for only a few hours at home. Is this the right life?

So we have to make money work hard and ourselves have a good rest. Only then can we be rich capitalists. Only then can we live a happy life through happy work, right?

So don’t be trapped by money. This class of mine is to teach you not to be trapped by money, but also to know how to spend money to buy a happy and free life.

Where?

This is the most important purpose of this class.

Ha, my husband is a rat. Right from the beginning, of course we are not the rich second generation, so we have to work hard. We help the boss make money, but of course most of the money is earned by the boss.

Who is the boss?

It's the capitalists.

Then we use our time and lives to exchange money, and then make money to the country, you have to pay taxes, and make money to the bank, and you have to pay loans.

Oh, just now, Billy, come up. I didn't let you speak. If you want to speak or if you raise your hand again, okay?

Because I just saw you come up, I kept talking, and I talked about it until the trial, but I didn't notice you. I want everyone to set it as a moderator for you when you go on stage, so you can start talking.

Oops, I'm interrupting what I'm saying, because you just interrupt me if you have any thoughts or whatever.

Because everyone still needs to discuss it, and because what I said is one-sided, I don’t know if I am wrong.

Do you understand?

I don’t know, so if you don’t understand, ask. If you think what I said is not very appropriate, or what I said is not quite right, you can add something. Then everyone can really understand it. We really don’t mind spending a long time. We hope that everyone can feel it and it will be useful if you understand it. Otherwise, I will finish reading it or you can read the handout yourself.

So what most of our ordinary workers do is called.

I don’t know 70% of the value of this output, but most of it is given to capitalists, to the country, to banks, and only a little is given to myself.

This mouse runs very hard and keeps running after only one mouthful of food. Because you don't know how to find a way for yourself and become capitalists, this society has taught everyone to buy big houses and cars from the beginning and enjoy loans to buy cars. Of course, loans to buy cars are very good, but when you know how to manage money, many people don't invest and borrow money to consume.

Then you will end up like a rat and a dragon, and you won’t be able to finish running.

In the end, you can only come back and say, oh, boss, I am married now, I have a child, and my salary is going to be raised, then you will always be the husband that rats and dragons cannot escape.

This is what it is like, so this is why many working-class people now, or in fact, low-wage people in Taiwan, after I heard it, they work three jobs a day. That’s because they don’t even know they are making money, so you can invest 200 yuan a month or 300 yuan a month.

Oh, 300 yuan?

My investment of 300 yuan is equivalent to 3 million yuan.

You just saved yourself a pension of 3 million.

Then it would be better if you invest NT$1,000.

Just NT$1,000 is enough. If you say you keep NT$10 million for yourself, then you won’t be afraid of the difficulties. That 10 million will soon be replaced by 100 million.

Many people don't understand this. Of course, where does he teach you this? Then we don't need to pay attention to him, don't pay attention to him, because.

Alas, don’t waste your time, because they haven’t taken classes, so of course they don’t understand. Because they don’t take classes and don’t think, of course they don’t understand. Of course they don’t understand.

Oh, Jason, come up here, do you want to share something?

Or what do you think?

Okay, teacher, I just ordered that, and you asked me to share it.

Okay, let me share something. First of all, I am very grateful to the teacher. I have known the teacher for more than two years, and I have been benefiting from the teacher in the past two years.

Especially in 202 and 2022, under the guidance of the teacher, I felt that I had made a relatively large layout for my own family. The first one was to sell the house and then all in QQ.

Then the second thing is that our two children applied for a private school here in the United States, because I think the teacher said that since our money will not be spent in the future, then we should do what we should do.

Then in 2023, I kept asking myself, what is a worthwhile life, which is the first page of the teacher's film?

We finally figured it out on March 8 this year, that is, we want to deliver health and freedom. It is really simple to make these two. Health is very important, and freedom is also very important. But everyone knows that this is very simple, but it is really not that simple to make it into a strategy and implement it.

Just like our investment, including our health, everyone knows that health is very simple, but it is actually not that easy to achieve a healthy lifestyle, insist on our long-term exercise, insist on a long-term balanced diet, and insist on sleeping well every day.

So we took it, so I took this as what I think is to promote this healthy lifestyle, and made it something that I think is worth doing for the rest of my life.

So I also found this one, and I think it is a worthwhile life. I have figured out a lot of things myself in the past two years, with the help of the teacher, so I am particularly grateful to the teacher and to all of you who have met here. I will share this much first.

Okay, thank you, thank you Jason. If you have any questions or anything, please raise your hand at any time. Then direct can help me bring someone up here. Oh, I'm Suda.

You are not watching our videos. If you leave a message, I will know that you are not watching our videos.

Is this a question or an affirmation?

Is it still a question?

This is good, the key to getting rich.

So if you want to get rich, of course you have to work first, but you are not.

If you say it in the affirmative, that's right, it may be more than 100 million. We hope that we can have unlimited assets, and we spend unlimited assets, which means that our money is not left as a legacy, but we have to spend it. We have to spend your money, and the money left is still in the bank. In fact, the bank in your name is sad, and your energy is not spent on it. Is money a kind of energy?

Then you actually put your energy, the energy that you have worked hard to accumulate in your life, since you have not used it properly, so if too many people leave your net worth, it is wrong, bad, and immoral to have too much net worth in your name.

I want to add something to him, I am the one who left Sudala's message, so I will reply, yes, this is an affirmative sentence, but how to execute it?

It’s not that we want to have NT$100 million, we want to live a long life.

Everyone knows that turning 150 is not a dream, everyone, please pay attention. Therefore, this former financial planner told you that we planned to reach the age of 85. Well, that is not appropriate.

Then we go back to how old we live. I think Steven should know best, because from the development of antibiotics, cancer has almost become chronic and controllable.

When our blood sugar, blood pressure, and cholesterol are well controlled, most people will live a long life. Unless there is an accident, most people will live a long life. Isn’t it so difficult?

Not so, especially in areas where the medical system is becoming more and more developed. Of course it is good to live long and healthy, but you have to have enough money.

Oh, although we say that people are gone and money in the bank is a tragedy, but people are not gone and money is gone and it is miserable. These two are still different, Tun Tun.

So when we started working, of course I meant saving money. I used to teach people to save money at the beginning, but young people should save money at the beginning, save money, but don’t keep the money in the end, do you understand?

If you know how to spend money at this level, how can you say you know how to spend money?

You have to know how much money you have before you know how much you can spend.

So when we last talked about 400 and 450 a few days ago, the video about your business and your assets should be very far-sighted, so when you look far away, when you look at your assets 60 years later, when you will have hundreds of millions of dollars, how can you live a life of 1 million dollars with a million dollars?

Oh, this is what I want to share with you in my 00450 video, so we must know how to live a worthwhile life, we are very rich.

Why are we rich?

It’s because we understand and we are told, so you look at the amount of your assets from a very long-term perspective and push it back.

You are living a life of hundreds of millions. How can you not live a life of millions?

Where can we live without tens of thousands of people?

You have billions of lives, and you have to live a life of billions of lives. Then many people say that I am not that important. If I am not bankrupt now, then I will fall into this kind of people again. Let’s talk about the virtual feeling and actual actions. You must understand these two, and only if you really understand them can you find a solution.

So try to save money.

Of course for young people nothing means nothing.

The person who is just starting out is going to have to invest the energy of money to keep him going.

We have two kinds of energy, one is the energy of matter, money is the energy of matter, and the universe is a representation of energy.

Then the thinking in our heads is the energy of the spirit. These two must match. If so, why do many people who have achieved thoroughness end up bankrupt and miserable?

Why don't they have enough mental energy?

Therefore, we need to increase the material energy of our capital. But after you have the material energy, you should read more, study more, and think more, and use the money to convert it into your happy life. Use money to buy time, improve your spiritual energy, and have a harmonious family relationship.

Then you will have more time, your worries will be gone, and you will have nothing to worry about.

Then you will store more material energy, and you will make more money, because you will not worry because you have insufficient funds, and you will not worry because the market is falling, understand?

So when you have enough spiritual energy, you will not be unmoved or deceived. If the market falls, you will not worry about the market falling more. The happier you will be, the more you will buy. This is people with spiritual energy. People without spiritual energy will just follow the market. Therefore, our spiritual energy and material energy must match.

So why do I ask you at the beginning, what is your life goal?

Assuming that you have not set any goals in life, then your material things will not come, no.

When you don’t have spiritual energy, material things won’t come, and you won’t be given a lot of money, and you won’t be happy.

To be honest, too many people are unhappy if they have money.

So there must be a match. Spirit and material must match each other. Use money to buy time, use money to buy happiness, use money to buy thinking, use money to buy your wisdom, and use money to turn it into wisdom.

Then when we go to the market finance industry, they lock us in a cage and make us work for this capitalist.

We must understand now that we must use the financial industry to help us work, rather than paying loans.

he said.

You will be admitted to lectures in 2024, he said no.

Sorry.

Okay, so I want classical Chinese.

Last time you asked me if I wanted to go to class. Then I went to bed at night and suddenly dreamed that I should go to class, so I did the first few. I was notified a few days ago and I did it suddenly.

Because many people can't keep up, they can't keep up. It's because the videos from two years ago are a little out of touch with what they are now. It's not that they're completely out of touch. But our understanding is different from two years ago, it's different from last year, it's different from a month ago.

Let me put it plainly, like Jimmy, you have some experience, come in and listen to my 00450 class a few days ago.

And Jennifer, and some people, I was very excited at that time. I was very excited when you went to see my video, because.

This is something I didn't realize before.

Oh, I didn’t realize it. When I saw it, I felt that I should have written that thing down as what I was going to talk about today, but once it unfolded, I might have to talk for 8 hours today.

Oh, so I will take it out and talk about it first, because it is too in-depth for the freshmen, those who have just attended the class, so I will take it out and talk about it first, so after you finish the class, go back and watch our 00450 video, which is the video of the previous two days.

Okay, let's go to the next page. You have to see this is the picture I made in 2020. I will make this picture every year. When I made it in 2014, the annualized return was 9.54. Starting from 1941, it was 9.51 in 2015 and 2016. 9.55, 9.55 in 2017, and 9.62 in 2018. You have to see that our index has accelerated rapidly upward since 2018. In 2018 and 2020, you can see that the No. 0 reward has changed to 10 points, and it has accelerated, accelerated.

It will accelerate even more in 2021, that’s pretty much it.

After that, because you see the deviation rate is deviating, it will fall in 2022, then return to good in 2023, and return to 8.2 on the next page. This year, due to the decline in 2022, the entire zero return in the past has been pulled back from the highest 10 points to 8.2, and 8.2 is on the low side.

Okay, so take a look at the previous example, the previous one, this one around 9.9.5 is the average standard, which is more standard.

That 10 is too high, then look at how close it is to a few tenths?

The difference is 0.5A. In fact, for the whole river, the difference is 0.5. If this is almost 80 years old, 0.5 is quite a difference.

So our current drop to 8.24 is a deviation comparison, which is lower than the mean.

Okay, moving on to the next page, I later searched for information from the 50th year, and it seemed that I couldn't catch the 4th and 12th years. I could only catch the 50th to 202th years.

Why do I use SPY?

Because QQ q is not that long, when I explain this long-term investment, I always use the index of SPY, which is either s p u i or s p u 100.

But our investment is a Nasdaq 100 index fund. By 2023, adding dividends, it will be 9.65, and then 9.65. This one is relatively low in 2022, and the previous one is 20. How does this one go back to 2023?

This is the beginning of the year. The NT$100 million lecture at the beginning of 2023 was made for the film 00398. It was 8.27 at the beginning of 2023, and now it is back to 9.6. Then it is normal now, okay?

Back to normal, normal level, normal level.

Okay, let's go to the next page. What page is this on now?

It’s on page 10. I hope everyone can keep up with the keys to getting rich through capitalism.

It is long-term investment in the US index. So far, this is my understanding. There is nothing else. Of course, some people will buy it. Sometimes some people hear it, Teacher Ai, what do you say?

Should older people buy 0056?

There is a student named Ba Ba. Did he cancel the 5 million insurance contract?

So why would I suggest him to buy 0.56?

In fact, our investment has nothing to do with age.

It has nothing to do with your age, but everything to do with your risk tolerance.

That dad said that he would not lose any principal if he invested. You will know that he is older first and that his risk level is relatively low second.

Then 00662 may be more volatile, and 0056 may be less volatile, so I say you should buy 0056.

Oh, this is my advice to everyone, so if you are normal, a normal person would buy and invest in the Nasdaq 100 Index Cluster, then everyone who comes to ask me questions, I can feel your risk tolerance based on your content and the way you ask.

If I didn't know, I wouldn't be able to give you particularly different advice.

So how to buy it?

If you have money, buy it, invest for the long term, and never sell it. This is the simplest and best way. There is no better way than this.

You can say anything, you can argue about anything, no problem, this can never be finished.

Then there is no need to argue. If we come back 30 years later or in the past, you have been in the market for 30 years. How can you prove that you are better than me?

You can prove it by using the past 30 years. If you only invest for three to five years, you are too young. Then it is too young. Even 10 years is too young.

Therefore, like landlords, we do not sell land. If we do not sell land, we do not sell U.S. index funds. Nasdaq 100 is real estate and does not sell it, just like land, we do not sell it.

If you want to be like this, I was thinking that day, well, in ancient times, was it better to wait or be richer like this?

In ancient times, people who owned land were relatively wealthy. As long as they cooked, they would have something to eat, and there would be endless food to eat. The whole family would always be together. In the past, when my grandpa was here, we were landlords.

That's right, it seems that all the land has been given away, so we can keep some for ourselves.

Then my grandfather, I heard what my maternal grandfather said, that is to say, Lao Amitao went to find a land to plant it himself, so why don’t you plant it yourself?

There is a lot of land there, and our family has a lot of land, so just go and plant it if you want.

Alas, that's how it used to be.

Oh, that is to say, in the past, as long as you had the land and the capital was not sold, what kind of dividends would the output be?

The output is dividends. If you grow your own vegetables at home, you can grow them yourself. I will find that the earth is rich and fertile, that is to say, very rich, very rich.

If you go to buy that seed in the United States, a pack of cabbage, a pack of more than 100 seeds, one seed will grow into a flower pot.

Wow, I said that these few dollars can increase the high interest rate by more than 100. Nature is very rich, and it has given us humans very rich money, so there is no need to worry.

Then this output is so great, and agriculture alone is so great.

The capital of industry and the output of our 100 companies are even more powerful. Do you understand this truth?

So.

Regarding this capital asset, I say that everyone has hundreds of millions of dollars, hundreds of millions of assets. If you don’t understand, you should go back and watch the video 00450 How much is this asset worth? The first one is that you need to understand the annual application, and if you are far-sighted enough, your wealth will be as high as you want.

How far your vision is, how high your wealth will be. If you can't see it, then you won't have it, because you won't go in that direction.

Therefore, if we want to succeed, we must first go in the right direction. After walking in the right direction, time will help us complete the task.

If you go in the wrong direction, you will never reach your destination. Unfortunately, most people go in the wrong direction, especially when it comes to financial management.

Why?

Except you have to go in the right direction, there are many demons and ghosts in the middle, and you may be pulled away, so we have to be here every week, otherwise you will always be there, you have to go to seek scriptures, and you will never reach it, so although the direction is clear, the road is very bumpy.

The teacher is right.

OK.

Why didn't I see who was on the mic?

I'm talking about Wen Qian.

I'm new here.

Are you new here?

Well, okay, the teacher is right.

Okay, hello Wen Qian, now I finally see you, do you have anything else to say?

Still no agreement.

Okay, okay, then just listen, yeah, go down further, and then it will be page 11, page 11?

I am on page 11. Look, how much will the growth rate of stocks increase in 200 years?

Look at that number, don’t get it wrong, don’t get it wrong.

How much is that?

Count them, how many are they?

That's 27.74 million times, 27.44 million times, 27.74 million times.

27.74 million times.

That day, didn't I say in 00450 that day that you have 1 million now and you will have 200 trillion in the future?

200 trillion U.S. dollars, and the current market value of the United States is only 70 trillion U.S. dollars.

Then if you want 200 trillion, you must have assets with a market value of almost 3 US dollars.

Your current 1 million is equivalent to 200 trillion.

If you don’t agree or don’t quite understand, go watch the audio of 0045450. There is a person who left a message, but he is quite good. He is thinking, and he said, teacher, then your 1 million is equivalent to two or three U.S. market values. Then where did other people’s 1 million go?

Have you ever thought about this issue?

If your 1 million has become the market value of 3 US dollars, then where has the 1 million gone to other people in the US who have US stocks?

Where have all the people with $1 million worth of stocks gone?

Let me tell you, in 200 years the total market value of the United States will be 4. I forgot, 1.4 trillion is 1.4 trillion U.S. dollars, 1.4 trillion U.S. dollars, two trillion U.S. dollars, do you think it is possible?

Of course it's possible, you can figure it out from here.

Let me put it bluntly, in the Ming Dynasty 200 years ago, our current assets did not exceed 1 million times.

The asset value is one to two million times that of the previous Ming Dynasty. Of course, the previous emperors had to fetch and boil water to take a bath, and there was no hot water for washing immediately. You can have it as soon as you open it. Isn't this worthless?

So human technology is valuable. Why will the future market value of the U.S. stock market be 11.4 trillion?

Here’s how it comes about, assuming it’s 1.4 trillion and you don’t get a share of it, then it’s clear whether you are poor or rich, right?

So the annualized return of stocks is 2,727.74 million times, which is 8.94 in 200. You can look at the standard of 8.94. Because growth was relatively slow before, it is growing slightly faster now, so we are now almost 9.5.

The person who buys Goodbye is 5.3. You can only grow to 34,000 times, which is 227 million times. There is a huge difference. 34,000 and 27 million times are different.

Then if you buy a household, you have to buy gold and go to hell. There are 18 levels below hell, so you have to know that this is how classes are divided.

So everyone understands this spirit.

We are no longer Buffett, and we do not learn from Buffett. Buffett is a value investor. We are not value investors because we cannot calculate value, so we are not.

We are completely different from Buffett, ha, Buffett is the operator.

That's right, ha, Buffett is operating, so we are not Buffett.

Many people in our attendance team said, don't keep talking about our class, I'll wait a moment, it seems that I will explain it later in my presentation, so of course ON25 is correct.

Thank you for your message. We will explain this clearly later, because everyone is confused. We think we are all the same as Buffett. No, we are inspired by Buffett. We go our own way, because our path is different from Buffett and Burkett. However, we are inspired by Buffett. This needs to be clarified. Don’t make it clear. Otherwise, if someone finalizes the sale and says it will be sold in 8 minutes, why don’t you sell it?

You also say that you are Buffett, but we are not Buffett. The one who conquers Buffett is completely different. Buffett is a value investor. Value investors will buy the stock because the stock price is lower than the value and then sell it when the business model changes. For example, if PetroChina changes its selling, for example, if the entire situation of the airline stock changes, it will sell.

But what we buy is not individual stocks or industries. What I buy is a human being and the United States, so we don’t care. We don’t have value judgments, so we just make constant values. Those who invest in QQ are all qualified stock market workers.

I don’t know, because we are capitalists and we don’t work as workers. We just buy it and leave it alone, so we shouldn’t be working as workers, right?

Workers in the stock market are part-time workers who work in operations. They have to go to work every day. Look at the Clan House. They open rooms in the morning, open rooms at 6 o'clock, and stay open until 4 o'clock, until the closing of the East Coast. These are workers in the stock market, not us. In fact, what I want is not to go to class. I don't care about the stock market at all, because they are all on the market. Why should I care about him?

I just borrow money to live.

So the workers in the stock market are the operators. Of course, Buffett is also a worker in the stock market, and I say the same.

Is he a capitalist?

He is a worker in the stock market, because he earns more than the index, and he goes there every day, so he is very happy to do this.

I'm unhappy, and not operating makes me unhappy, so I won't do it.

I don’t want to study financial reports, because research is useless. Buffett’s research is useful, but my research is useless because I have no added value.

But Buffett has added value, so you have to judge for yourself whether your knowledge has added value.

Then what I am teaching is absolutely nothing. Yes, you don’t need to care about anything. You don’t need to have any added value in the investment. You can just be a good capitalist. You don’t need to be a husband. You don’t need to be a stock market laborer. Many people become stock market laborers because they want to be more generous. That income is lower than what they earn when they actually go to work.

Oh, to put it bluntly, most of the losses are incurred.

Okay, let's go to page 12 to page 12.

So page 12 is different from page 13. Let’s make it clear about the year first. Page 12 is from 1802, which means that it was very early 200 years ago to 2012. From the cover to 200 years ago, it means that it has experienced the great crash of 1929.

The Great Crash, you see, American capitalism existed in 1802.

I remember that Taiwanese ancient poetry didn’t start until I was almost in junior high school.

At least it has just begun to be recognized by everyone, and it turns out that it was already in existence in 1802.

You know I go to that Cough coffee restaurant in San Francisco

He hung some pictures.

Forgot if it was 1959 or 1950, he had a, he was a bitch over there, it had a missing swimming pool, heated water.

Wow, I was shocked. The United States was so developed in 1950. Let’s look at the photo of the Qing Dynasty in the late 1950s. In that video, everyone was a beggar. From the current perspective, everyone is a beggar.

But America is not about swimming in swimsuits, drinking champagne, and eating cakes.

Jin Yu is right about this, 22 zeros, I remember it is 22 zeros 1.4*22 zeros.

Well, you see, there are only 1,802 people, so it is very difficult for us to catch up. We just don’t fall behind and keep up.

I thought about something yesterday and today. Taiwan’s fiscal expenditure is 3.6 trillion per year.

3. 6 trillion.

4. How big is 6 trillion?

5. 6 trillion is one hundred billion U.S. dollars, one hundred billion U.S. dollars.

Hundred million does not include one hundred billion, one billion, one hundred billion, one hundred billion U.S. dollars.

Billions of billions of dollars, this is Taiwan's annual fiscal expenditure. You have to know that Taiwan has not spent any money for 30 years, not at all. The money saved every year for 30 years can only buy one apple, and Apple has not yet grown. With today's market value, Taiwan has saved money for 30 years to buy the current apples.

In 30 years, of course, Apple's market value will not be like this. Apple's market value is 3 tons. How much will it take Taiwan's fiscal expenditure for 30 years to reach 3 tons? How poor are we?

So we are not trying to catch up now, we are just pulling at the back of the car so as not to fall off. Don’t be too impatient.

So no, we are really just hanging on the back of the capitalist car in terms of not falling off. So although we say it is in the hundreds of millions, you have to know how many people have fallen to the ground.

So we look at this table, come back and look at this table, so on page 12 everyone knows that this time series includes more, so you will find that it will take more than 20 years for you to invest in stocks, more than 20 years, and it will not lose money for more than 20 years. The red dot, the one in 20 years is still at the top, but 20 years?

If you subscribe to government bonds and treasury bills for 20 years, you will still be losing money after investing for 20 years.

Therefore, in the long run, the risk of government bonds and treasury bills is higher than that of stocks. You will not have losses in stocks for more than 20 years.

But if you pay it back in more than 20-20 years, and even 30-year public bonds and stock treasuries still suffer losses, then you will know which one is safer.

So don't listen to those financial experts or financial experts who are talking about investing. Hey, hey, buy government bonds with a low risk tolerance.

Because we treat investment as real estate, we must take a long-term view and assume that everyone will pull it back. If it falls next year, it will fall in 2022.

Don't talk to this kind of person, because ask him to watch the video, otherwise don't talk.

You are not right, you are not right.

Talk about it later.

If you can't fight him, then what's the use of spending all your energy on fighting him?

Because you can't teach that kind of person, and that stubborn stone won't turn into Sun Wukong, so this still needs to be destined, and it still needs to be destined.

Okay, let’s go to the next page and this picture is to tell you that you won’t lose money for more than 20 years, so don’t worry. If you invest in stocks, you don’t want to sell them to spend money. We don’t want to sell stocks, and we don’t sell assets, so don’t worry.

Suppose you want to sell stocks, your life means that you don't have enough funds, otherwise why would the people you work for sell stocks to make a living?

Do you have enough funds for retirement?

No need, just pledge everything.

So for new friends who don’t understand, just watch our past videos and learn slowly, don’t rush.

Then on the next page, the time is different, this time is.

In 1950, the part in 1929 and 1930 was removed, so he made money in ten years.

Ten years, ten years there will be no losses.

With at least 1.24 PERCENT, the maximum return can be 193019.35 percent, depending on which decade you choose.

If you take the golden period from 2009 to 2021, then there are only about 20 PERCENT. From 1980 to the 2020 millennium high, that one has 27%, so the annualized return is.

So let me tell you something, that is, I saw a piece of information a few days ago, that is, it usually hits the bottom. SPY bottoms out and starts to rebound. In the first year, the increase is an average of 46 percent and the average nose. So why do I tell you that you must stay in the market?

If you don't want to hit the low in 2022, then you won't make any money from the rise in 2023. You should have been in the market these two years. If you are not in the market, it will be difficult for you.

You, you just shunted it to the train track, and shunted the train to roll down.

So although our s p i hit new highs this year, QQ q hit new highs, we only rose 53 percent, but the average is SPY, which should be the SP 500 index. The SPUI index only rose 24 percent this year, so in fact, although everyone feels that the rebound this year is a lot, it is actually far less than half of the standard.

Halfway through, look at the one in 2029. How much will it increase in the whole year?

How much does it rise in one year from the bottom?

OK, so leaving the market is very risky. I keep telling you why?

The risk of leaving the market is very high, and if you have money, you can buy it. My friend, I have experienced 3-4 consecutive months, and no day was lower than the previous day.

If you don’t have three or four consecutive months, will you be in the market long enough?

As long as it lasts long enough and you think about it yourself and remember where it is, you will be able to deal with it instead of speaking based on your feelings.

You rarely see me speak based on my feelings. I will definitely find data to verify.

If there is no way to verify it, and there is no logic in my speech, there is no need to tell him about me. My speech can be falsified.

I have data, but you don’t even believe the data. Many people say, well, teacher, the data you calculated are correct, so what’s there to argue about?

Then you just don’t have logic. What should you do if you don’t express logic?

There will be no way to communicate, there will be no way to communicate. If you have to follow the fortune teller and use the fortune teller's fortune telling words to speak, then you won't be able to finish the story, so don't talk.

It’s like if you talk about politics or religion, no matter who you talk about, there will be no results?

There is no conclusion, just individual expressions, right?

OK.

So you see, when we invest for 25 years, you will return to the standard deviation, which is 7.94. Adding two percents, it is the minimum of 9.94.

If it is stretched, it will be like this. Now page 15 is page 15.

Yes, hey, page.

Hey, it’s picture 15, picture 15 page 13.

Hey, picture 15 page 13.

Yes, okay, okay, now that I'm done with this, go to the next page, this is SP500.

Yes, this is the SP500, but, alas, this is the SP500 index, because only this index has been around for so long.

I do not know; maybe in 1950 the S&P 500 was around 18.02. That may refer to the overall total market.

Okay, let's go to the next page. Here, new friends, don't rush to the market all at once, just buy it as soon as possible.

Yes, then he has construction in mind first, saying that the market does not rise every day, and it will fall if it falls.

If the market drops by 70%, will there be any problem in your life tomorrow?

You need to think clearly about this, rather than just go in and do it with your head covered.

What do you say when you encounter a tiger?

Alas, why does the teacher have a tiger?

Of course there is.

Yes, but you need to know how to respond to market declines.

If you don't know how to cope with the market drop, please don't enter the market. Please pay attention to this.

This includes the emergency reserve fund you keep for half a year when you are working, because you will always need money temporarily. If you are temporarily unemployed, you need an emergency reserve fund, which will make you nervous. If the market happens to drop, you will be in chaos.

So when we were in 00450, we told Xiao Cai that when I say investment, I don’t mean that the teacher should not consider mentality issues. Hum, when investing, consider mentality issues first. Nothing else is important. Mentality is the most important. When your mentality is not right, no matter how powerful your strategy is, it won’t matter.

It seems to mean that you will be afraid of war and the sound of artillery. No matter how sophisticated the weapons I give you, you will not be able to fight. It will be too late for you to just hide. How can you use the weapons?

No.

So remember that the market will fall, you must keep emergency backup, don't use it.

For those who have retired, we recommend setting aside 3 years of living expenses and investing the rest only if you can invest it.

Then the money you invested is buying something that you don’t plan to sell, and you don’t plan to sell it. How much money can you invest if you don’t plan to sell it?

You have to remember this sentence, you can, you said I am very worried about that 1 million US dollars or 100, you invest 10,000, if the 10,000 investment drops by 70, percent drops by 7,000 yuan, will you be worried?

If not, Amway can invest 10,000.

So if you invest 500,000 or 1 million, if 500,000 falls to 30 percent, then you will be left with 150,000, will you be worried?

Do you want to think about this first?

Yes, then you shouldn’t invest so much. If you are worried if your investment drops from 10,000 yuan to 1 million yuan or 10,000 yuan to 7,000 yuan, just be obedient and don’t invest, just place a fixed deposit.

Don't force yourself, you must invest. We pay investment, but if you can't do it, don't do it. That's it.

I didn't say you have to be like this.

Lenny, you may be a new friend here. Because we can only use 20 PERCENT directly, many people are in higher grades and don’t know how to ask others to be more direct. You are ignored and don’t listen.

Our maximum is 1 million. If you are direct, you can only use 200,000 at most. If you cannot exceed it, you will go bankrupt and there is a risk of bankruptcy. Then everyone will listen clearly, so it is difficult to tell people outside, because they just grab one sentence and that’s it. Because you have to tell all of our more than 500 films before they understand, right?

So don’t waste time. If he doesn’t learn, why should you teach him?

So if you are new here, then we can only borrow 200,000 for 1 million. If the market drops by 70 PERCENT, you still have 300,000. Divide by 2 and you still have 150 PERCENT. The maintenance rate MA 4 cannot be financed.

Not only do we, we only recommend direct financing.

So if you are retired, you can just keep an emergency reserve fund for 3 years, and you will not worry about the market falling.

Then please leave the market. I think our class really has nothing to do with you.

If you want, just try it briefly and learn slowly.

Reinvest the money you can afford to lose. It is not about borrowing money all at once, and there is no need to invest immediately. It will last for thirty or forty years, a lifetime, and generations to come. There is no need to rush for tomorrow, nor for 2023, nor for 2024. Don’t rush, learn slowly, and you can invest after watching our more than 500 films.

When I told him this, many people were very serious. When we received the introduction one by one, we always wanted to say it at the first sight. He said, teacher, I have watched more than 500 videos twice. Very surprising. He said that besides going to work, he almost cooked. He got on the bus, got on the bus, where was he on the bus?

His Tesla Suzuki is the CREC investment channel.

Even though there are those who are so serious, there are also those who don’t study at all, just not.

method.

Teacher, I would like to echo this matter. I had a friend who assumed that he was good, and he was B. After he was good, A introduced B to ask me about investment. And because I was actually very busy at the end of the year at that time, I actually couldn't find a time with him to call him.

Then he suddenly told me that he just wanted to have a lot of money, and then he wanted to invest in something like Taiwan 00929. Then I told him, in fact, you are in a hurry to invest, and then do it, and then listen to the whole thing first, but he actually couldn't wait any longer, so he entered the market blah himself.

Then my idea is that many young people may not really understand the whole picture, but they are also very impatient.

I think this is not necessarily a good thing, that is to say, it is not the QQ or 00662 that the teacher taught him, no matter how good the tool is for him, but if he does not understand the whole country, he may not actually hold the wine.

Then you can report like us from beginning to end, and the rate of return you earn may not be too high. You really feel that you have studied hard, and only after knowing this truth can you get a very satisfying talent.

Yes.

Thank you for the above.

Yes, no matter how good the tools or knowledge are, if you don’t understand it yourself, it may be just fun and risky. No matter how good the tools are, if you don’t know how to use them, you will hurt yourself.

So we still feel that there is no need to rush.

Don't worry, once you understand it, you will feel comfortable using it.

Has that IDO 9487 come up yet?

I didn't see anyone, but I don't know why.

If you raise your hands, let's order. If you can't get up, go out and come back to have a look. Raise your hands again.

Hey, okay, so you must understand.

Then if the market has been falling for 3 years, look at 202,000, it has been falling to 2,003, for a total of three years, can you remain indifferent to the decline for three years? And if you are still working, you can buy it if you have money. If you have no money, like us, we will not have money, and there will be no extra funds coming in.

Of course, if you have social security benefits, you can buy them again. The sooner you receive them, the better. If you buy them and borrow money to live, then you can keep buying them. When will you buy them?

If you have money, buy it. This is the best situation. We don’t have to worry about it. We don’t have to worry about it.

Yes, if you don’t want to watch the movie, then watch the NT$100 million lecture.

Then if you don't see me, you don't have to teach me.

There is no way to teach that it will be successful if you just buy the Nasdaq 100 Index Fund.

No, it doesn’t mean that if you ask him to buy it, he will succeed. It’s not that simple. It’s not that simple. Cat has been around for at least 5 years, right?

Those five years are also the most basic. It will take me five years to condense thirty or forty years of effort into initiation.

So you are my other people who want to be successful in investing without taking a class.

Difficulty, teacher, I think it is really difficult.

Yes, I think I can learn a little bit from you in five years, because I still have the time to be taught a lesson by the market in the previous 20 years, so yes, those five years are just a little bit.

Yes, because Cat is an industry insider. He has been in the financial industry for 20 years.

Well, the past five years have been quite manageable for him.

Then you want to graduate with a doctorate in 5 years when you don’t even have access to preschool education. How is that possible?

It's impossible, right?

So don’t be impatient. It doesn’t mean that it’s impossible. Don’t be impatient. If you watch the video carefully, you can speed up your family’s problems. He said 6.6 is the real rate of return. Oh, he is not that. It has deducted Tongpeng, and 6.6 has deducted Tongpeng. That t in the message area is asking.

Don't be in a hurry, just read it through the thread.

Then if you can't accept losses, then don't invest.

It doesn't matter, life is just like this, just be comfortable and don't necessarily need to invest.

So I still tell you, it’s not Emily Huang, today is special, we are not special today, today we have to go to class, so we are not asking questions like Saturday morning, oh, we are not asking this, it is class and special topic. Generally, when I open special topics, it will be open from 142:00 to 4:00 almost every period.

The first consideration is that it is not the United States, but has something to do with Americans. I will open rooms related to the United States on Tuesday. If Taiwan and the United States have globally relevant ones, I will open rooms on a pilot basis.

If it's too late, I won't be able to sleep at night because I talk too much. By 8 o'clock, I will sleep. Usually when I go to work in the past, I tell my secretary that I can't schedule meetings after 4 o'clock because I will get off work at 5 o'clock. I won't call at night because if I call, I won't be able to sleep well and my sleep quality is not good, so I always think of myself first.

So what I tell you is that although we want to serve others, it is good for you, or if you want to be happy doing this, you say that helping others is happiness capital. In fact, it is not the case. Self-interest is happiness capital.

I am also like a girl at that time, that is, you have to establish yourself, so I should not keep saying that helping others is the capital of happiness.

No, so this involves a lot of interpersonal relationships, and I do it all for you with the many relationships between couples.

No, if you say this, it means you don’t understand what optional means. You didn’t mess with me.

If you are willing to do it for me, then don’t say this. If you are not doing it for me, you are not willing to do it for me. Then don’t do it. We must do everything willingly, so what does it mean to be willing?

Being willing is just for yourself.

You love me, so if you are willing to do it, it is for you, not for me.

It's your decision that you love me, not mine.

It is my decision to love you, so what I am willing to pay is for myself. Therefore, many people cannot figure out the relationship between husband and wife, the relationship between children, or anything else. If it weren't for me, could you let you go to college?

Let me tell you, don’t say this to a child. Don’t let the child pay you back in his lifetime. Your debt has been paid off. You are just saying this just for fun. I think I understand this very well. I have said that you can’t do it anymore if you bow.

No more.

Oh no.

Okay, we're getting a bit far away.

OK.

Yes, BBL has been there too.

Me and me.

Well, I don’t like to have meetings at night. After the meeting, I, I, I can’t do it at night, I become I, it’s forbidden to do this.

Well, you have to learn before entering the market, and you will lose money. If you are worried about losing, don't enter the market. Don't invest your money, just put it in fixed deposits. Otherwise, if you don't understand, you will often go bankrupt instead of rich, because you will not be rich if you have a good mentality.

Let's go down, now to page 15, Who can't afford a market decline without investing.

People can't invest, so please leave the market and come back after you learn it. Don't be in a hurry. It's your first time to listen to our class today.

Don't rush, watch our lesson today several times, and at least watch our past videos and 2023 videos.

If you like, how did we get here in 2022?

You can also study 2022 and 2033. After reading them, you may be qualified to invest. This is your entrance ticket.

How to say?

Entrance tickets, so short-term funds are needed and cannot be invested.

Some people don't have much money, but they said I want to prepare 200,000 for my children to go to college. Can I invest?

Of course not.

Index funds are already very safe compared to other investments, but they can also fall by 70 PERCENT.

So if even the Nasdaq 100 Index Fund, for example, cannot withstand a 40% drop last year, don’t just ask the teacher why it fell by 2% if it fell by 2%. Of course it will fall, right?

It would be strange if it didn’t fall.

So if you can't bear the risk and don't understand that the market will fall.

Ali doesn’t know how much risk you are taking, so please don’t invest first, take your time, and place your money accurately. It’s too late to start slowly when you feel you have learned it, because the market will always be there. If you invest in something you don’t understand because you don’t understand, you will be defrauded. If you invest in the Nasdaq 100 because you don’t understand, you will be defrauded by the market.

Oh, you don’t understand. You come to invest, but you don’t understand how this game is played. Why is the Nasdaq 100 Index Fund rising?

You don’t even understand, and you don’t even look at the charts over the past 100 years, why stocks have risen 22,700 times, while China’s stocks have only risen 34,000 times.

If you don’t understand this, how can you invest?

You can't invest because you don't know why it goes up.

How to vote?

Can't vote?

Can't vote.

If you put money in if you don’t understand it, you will be defrauded.

Although this market is fair, just, and open, your money has also been laundered.

I thought to myself, so the investment recommended by our channel is the Nasdaq 100 Index Fund QQQ which corresponds to other countries. We choose the best. Of course, many people debate, teacher, this is not like this, it is not that way, because I can't argue with this matter.

If you have been investing for 30 years, you raise your hand and say I have been investing for 30 years. Let me tell you why?

Let me talk about it. You need to get data.

Oh, don't rely on your feelings. Too many people rely on their feelings. Many people say it's random. Why can't it continue?

What is random?

Even Buffett, he said that Buffett is actually random.

Yes, I agree, Buffett may also be random.

But Buffett said that when he was a fund manager, there was a group of people who made a lot of money, and when this group of people got better, this group of stars all made a lot of money. Don’t you know that this group of stars makes a lot of money?

If we assume that this group of stars have the same characteristics and are all from Graham's company, don't you think that one of them is a little different?

If this emerging species is distributed in Africa, there is one in the Arctic, and there is one in each country, then that is what it is, and that is random.

But these people who make money, Buffett said the pick is Graham, all make money, aren't these new stars different?

If you think this is not random, you understand, no.

So some people talk about randomness, and they talk about randomness every time.

Then don't tell him, because he hasn't graduated from kindergarten yet, so the investment recommended by our channel is the NASDAQ 100 index fund.

Oh, no, then some have to talk to teachers. Then the United States will not be able to do it in the future. What should we do?

This is oh, we have a video about not living in the present, always worrying about the future, always the interest rates are going to rise, the interest rates are going to fall, the US dollar is going to rise, the US dollar is going to fall, the Japanese yen is going to rise, the Japanese yen is going to fall.

I worry about things as big as sesame seeds and mung beans every day. There is no use picking up sesame seeds and discarding watermelons.

Don't worry, live in the moment, live in the moment.

If you, you, you are worried, the United States will decline, then why are you not worried?

Humanity will perish. If you want to be like Iomask, the human earth will perish. Is it true that we humans are so precious in the universe?

I want to save it. This is Yilong's ambition. Do you have this ambition?

If you are worried about that Hongyan again, do you have anything to say?

Hello, teacher.

Hello.

Hello, this is my first time to listen to this friend's introduction. Teacher, since you mentioned that stock, it is the SPY QQ type. Compared with the two bonds, I would like to ask the teacher, do you suggest that we should use one or two together?

Or should we just focus on one?

It’s the one you just mentioned, expect QQ, which is a better stock, that is, if it’s still for people who work.

It doesn't matter who you are, as long as you can invest the money, it will be QQQ.

Oh, yes OK, got it.

Haha, there is no other choice.

Look at that watch. Did you look at that watch just now?

That is, only stocks will have the highest return rate in the long term. Bonds are very risky, and we buy them but not sell them.

Well, understanding is to maintain the belief that what is sold is not sold.

Yes, you can buy it boldly.

You, we don’t have the ability to sell, and you don’t know what the selling point is.

If anyone knows what a selling point is, well, I don't know, hell.

Well, that is because we have this belief that we only buy and do not sell. The premise is that as you just said, teacher, we need to plan an emergency reserve first, right, for example, half a year's salary, so that we can invest with confidence, right?

OK, okay, let me chat.

Market fluctuations have nothing to do with us; market fluctuations have nothing to do with us.

Because we have been here for 30 years, from generation to generation, you can watch our past videos, watch the 000450 videos, or watch our videos from the past two years.

We will never sell our assets until death.

So if we don’t sell, what does the rise and fall of the market have to do with us?

It doesn't matter.

So what's there to sell?

There is no need to allocate assets, just get the highest rate of return, the one with the highest long-term rate of return.

The teacher kept saying that if I were still working, the money I would normally be able to invest would be after deducting my usual, um, things like paying for my children’s tuition fees and so on.

But when I retire and have no income from work, I will use my capital game.

It’s not that you can use stock pledges to borrow money to live by then. Let’s do this. You’re new here and you don’t know this?

I will wait until you have more than 10 million Taiwan dollars or more than 30 million Taiwan dollars, and you come to me. I can tell you, or you can read it once and you will know how to do it. We will not sell it.

Oh, so be it.

OK, okay, then I may have to watch the previous one first, yes, so that I can understand.

Taiwan.

You can pledge the stock 00662, and the bank will lend you money 2.2.3. Someone told me today that he borrowed 2.3 percent, 2.35 percent, so of course he borrowed such cheap money.

Okay, thank you for your answer, and this is a very typical question, but you can watch our videos and you will learn more.

How high your financial quotient is, how high your wealth will be.

Ha, your financial IQ must be high enough. Let me give you an example. Someone wrote an email today, teacher, I pledged my stocks, and I borrowed 2.35% to buy a Tesla.

And I don’t have to pay back the principal or interest.

And I sold my old car and took the money to buy 0066 again.

He said that I didn't spend a dime of my own money at all. All my assets were there, and the assets were getting more and more. I used my salary to buy them.

I can drive a Tesla, but my other friends don’t drive Teslas and have always wondered how Tesla is.

That is the mentality of the poor, a bit called sour grapes mentality.

Why are they living so hard?

Because they are going to buy a house.

Then you see the big difference, the fate is very different.

So he pledged his money, borrowed 2.35% interest, and earned 10% on his investment. Then he only paid 2.35% interest. How cool is that?

The Pharmacy and Pharmacist Association, this one is good, that Tom, come up, do you have any questions?

Still talking about you.

Hey, hey, please hear the sound.

heard.

Alas, that.

Yes.

Hello teacher, I am that, I am town, and I work in the technology industry in Taiwan.

Then I am 29 years old now.

Great.

My family background was not good when I was a child, so I relied on studies to support my studies from high school until I graduated from graduate school, just to pay for my daily expenses.

Then at that time, I thought, before I came out of society, it was scary to take out a loan to invest. So then, in 2020, the epidemic was at its worst, and then I retired from the army when the stock market was at its worst, so when I started working, I started buying Taiwan. 0050, but in 202022022, I later came into contact with the CLE seed lecture of NT$100 million, and then met the official teacher, so I knew that I would take out all the loans while I was young. That QQ is Taiwan, which is 00662.

So when my job is stable, I will get a loan from the bank, and the current credit is 2 million, and the interest rate is 2%, so I will sell all 005, plus the 2 million part of the credit, I will buy everything at the market price of 21006, and then ignore it, and then at 2 In 2022, I lost up to 30 yuan. I ignored him and just concentrated on my work. Then I learned about the professional part of learning, so I followed the brokerage in Taiwan. I only pressed 200662, and then I only pressed 6 layers, and then restarted all E 0062.

So the maintenance field is quite high, and my credit interest rate is currently 2.4%, and the 0062 pledge interest rate is 2.4%, and there is no need to repay the principal, and there is no need to pay interest this year.

In this way, if I study a lot by myself, I will extend it to 30 years, and I will be 30 years apart, so it means that I will probably have to pay off my blood debt until I am 55 years old.

And for the past few years, I have paid part of the interest, and every time I listen to the teacher's case as if it were a meal, there is something new already.

Well, if the article except l is study five and there is a part case update, I will always listen to the latest a-level, and then I will make myself more confident about the index fund part, then focus on this page, and then find the friend group all in 0066. This is how my sharing looks like.

Thank them. They asked you here because you are young and have to work, so your risk tolerance is relatively high. But most people don’t do this. They just borrow 60% of the property and then buy it. This is quite a high risk.

Suppose you do this at the beginning of 2022, you may go bankrupt, so this happens to be when you are in an upward trend or at the bottom, which means that it does not fall to 70% if it continues to fall.

Just like the old guy last week, he said, oh, if it drops by 40%, he will lend out 66%, and then all in, if it drops by 40% according to me, he will actually go bankrupt, and will it?

Of course it will, so I said 6 bullets for 6. Well, one of the 6 slots on the revolver fork contains bullets. If you blast it into your head, most of them will not be hit. It may be that if you are hit, you will go bankrupt, so if you hit it once in your life, you will be bankrupt.

Tom, what you did this time is right, it just seems to be the market trend, and it is in the same direction, so you may not take such risks in the future, because you can only receive 2 tens for the part we pledged. Everyone remembers that you can only receive 2 tens, so you will not have a problem if the market falls by 7 tens. They understand it, and I think you should understand it.

OK.

Thank you.

This.

I can interrupt. I want to elaborate more. Tom, you have done a lot in the whole process. Because you also talked about numbers just now, I dare to ask you.

Can you share with everyone that you don’t need to use very accurate figures for your total investment, but how much does it cost?

Are you 29 years old?

Want to know how much it costs?

So is your current situation profitable?

Just about a few PERCENTs?

Can you share it with everyone?

Well, my current profit is level 20 PERCENT.

Well, thank you.

Okay, how long do I have to stay?

How long?

How long is it from the beginning of this year to now, because before, the maximum was 30 PERCENT.

Well, I understand, thank you, thank you.

Okay, the old aunt who left the message, I think you are a new friend. We don’t have it, and we will never sell it, so there is no so-called x strategy. People with x strategy are short-term operators.

Or unless you are like Buffett, your SX strategy may be, and the company you invest in has changed its business model, we hold it for the long term and will never sell it.

Right, so if you invest in individual stocks, that is beyond the scope of our discussion.

When you invest in indexes, you live and die with human beings and U.S. stocks.

That's it, so we don't have x strategy no Zero x, then you don't understand what we mean by never selling, then you are new here, and you are welcome. You can watch our video, it may be helpful to you.

It doesn’t matter if you don’t read it, it means it’s not the same as us, and our investment philosophy is not suitable.

Well, okay, so what we have to teach is to only buy the Nasdaq 100 Index Fund QQQ, and don’t touch the others, as they are all risky.

The second step is to ignore anything the financial management specialist says and the products he recommends. It seems that what Hongyan talks about is asset allocation and asset allocation, which is what the textbook says. There is also the cage of the financial industry. They want you to enter the cage, wipe out your money, and let you continue to work as laborers.

So don’t listen to those in the financial industry, because they are the ones who keep labor in captivity.

Oh, then you listen to the people who keep husbands in captivity, then how can you ever leave the rat dragon one day?

No?

So don’t listen, don’t say, after listening today, rush to open a bank account or go there, you may be arrested by Li Zhuan, so you must be very determined that you only buy one thing, which is the Nasdaq 100 Index Fund.

You may be all over the world, but you still buy Nasdaq 100 Index Fund. You are in the UK, you are in India, even India has Nasdaq 100 Index Fund, you are in South Africa, you are in Malaysia, Singapore, South Korea, Japan, and Canada all have them.

So don’t call without a group. If you don’t have a group, it’s a scam. Don’t join the group.

OK?

Don't join the group, there will be chaos in the group, we are a group, we don't have a group, the group leader can't control you if you join the group, because they will lose their training.

I heard someone say a few days ago that one of his relatives had retired in Taiwan, and all the retirement money was taken by a scam ring. The relative almost committed suicide, and this friend in the United States said he now has to cover that person's living expenses.

My answer is, you have to take care of yourself first and don't be dragged into the water.

Of course I can help them, but the living expenses are food, food and housing, that's it.

Hey, without that fraud it would be quite abominable, I don’t know why the government doesn’t do it.

Governments around the world are unable to come up with solutions to fraud.

That can only educate, it can only educate.

No way, I'm in the United States now. There don't seem to be that many scams in the United States, or we haven't been exposed to them. I don't know what you think about the scams in the United States?

I often receive scam calls in the United States, but they all speak Mandarin. I do not hear English-speaking scam rings. I do not know why. Are Americans harder to deceive while Asians are easier to deceive?

Or are scam rings mostly Asian?

I don't understand this.

Me.

I have also received Vietnamese scam calls, spoken in Vietnamese, so in truth we Asians still have gaps in the popularization of knowledge.

There are still deficiencies in the popularization of knowledge, and there are still deficiencies. In the United States, the law is over there, and its entire regulations are over there. As long as you follow the regulations, you will be fine.

But this way, in the United States, if you say that I am ignorant, there is no such thing.

In the United States, don't say that you are ignorant and people don't understand the law. There is no such thing.

If you've been defrauded, don't go to the government, okay?

If you have been defrauded, don’t go to the government. Are you saying that I am ignorant and the government wants compensation?

No, hum.

No.

You deserve to be ignorant, and you deserve to be deceived because of your ignorance.

This is American philosophy.

Well, let me interrupt you, there are also scams in the United States?

Scams in the U.S. may be even bigger.

Well, but you're not in a certain area and you can't touch it.

For example, a while ago there was a scam called McDonnell Douglas, which lasted for 19 years, and it only deceived rich people, so yes, this is also true.

Yes, but there are not as many cockroaches as there are.

In the United States, something like this coward happened. The court arrested him and sentenced him to jail. Then many people said, well, I want to compensate the country. So what did the judge say?

You are stupid. It is your business to be cheated. I, the judge, am not a debt collection agency, and I will not help you collect debts.

The fact that you were deceived has nothing to do with my court. We only punish bad people, but we are not a debt collection agency. I am not saying that we should arrest this person and ask that person to compensate you.

No, I'm not a judge. It's fun to say this. We are not a debt collection agency, hahaha.

But what are Taiwanese Asians or Taiwanese?

Just call the court again, why should the police be the only one, and why can’t the prosecutor deduct points?

Impossible.

The court is not a company. Generally speaking, the court is just justice, which means fairness. Whoever commits a crime is sentenced.

It's your fault that you were cheated, and that's how it should be all over the world.

Oh, yes.

So how to avoid being scammed?

Then it seems to me that there is no education in the United States?

It didn’t say that this scam is being aired every day and this short film seems not to be there either. I don’t know why the national conditions are so different.

I'm also very good at this, and by the way, I haven't even done any techniques yet.

Yes, alas, they are worth it.

If you do it, he will grab it directly, so you should be safe and take personal safety measures.

It’s different. The investments with the best long-term performance in the world so far are these two 190 pounds. If anyone wants to come back later, I will come back and talk about it. Just live well now and worry about 15, 10, and 100 years later. You don’t have to worry about what’s behind you, otherwise it will be SPY. Don’t worry about the rest.

There is basis for this, there is logic for this, there is logic for this, and there is data for this.

Don't touch the others, don't touch them, the others are all monsters.

Okay, this page, this page is all the codes of the Nasdaq 100 index funds that I know about in the world.

So if any of you write an email to the teacher, I am studying in Canada, and you tell me, then I will say that you are not watching the movie. The configuration of this movie is so clear, it is available in Japan, Brazil, Malaysia, South Korea, Hong Kong, Canada, Australia, the United Kingdom, and Japan, so I will not read this. This is for your reference. Haha, it is now July 18 and going to August 18.

Although you need to understand investing, you don’t need to know a lot. You don’t need to know a lot.

There are some things you really don’t need to know.

I don’t know either, so after you learn it, the first thing I ask the freshmen is, tell them, don’t ask about individual stocks, you, you, you, you ask about individual stocks, the simple one you asked about is not QQ or not QQ. On the contrary, I will only say, I don’t know, I don’t know anyone who is cuter.

Teacher, my investment portfolio looks like this, and I still insist on not selling it to death.

I said, well, none of this is mine. I introduced it. I listened to another channel and I wanted to test it out.

I said, then you go to your place and leave a message. Why are you coming to my place to leave a message?

The fund he bought based on someone else's strategy came to me. Teacher, my pro portfolio is like this, and I won't sell it even to death.

I said you, you, you, I don’t know any of our funds.

Oh, I took someone else's advice.

Then I'm going to give it a try.

Oh, you went there to leave a message, why did you come to my place to leave a message?

It's pretty good and cute, so don't ask about individual stocks.

Don't ask about individual stocks, you won't get the answer if you ask. Don't ask when to buy, buy if you have money. Don't ask how to buy, just buy if you have money. Don't ask when you want to sell. Never sell. Buying at any time is right, selling at any time is wrong.

This is us, don't ask when it will fall, don't ask when it will rise, I don't know, I don't know.

Don’t ask, will it still fall?

Don't ask where it will fall?

Don’t ask if it will still rise?

Teacher, if it has increased this year, will it increase next year?

I don't know, I don't know.

Does this seem like a common distinction?

I don't know, I don't know anything.

Yes, I don’t know either, haha, don’t ask if it will last longer?

Don't ask where it will grow.

Don’t you have to understand what you should understand about investing, and don’t understand what you shouldn’t understand?

It is important to understand the key, and it is important to understand the key. The essence and content of our day are important, and other things are not important.

That old aunt just now, what axis strategy, what you said is great, and the message you left is great, but no, we don’t have access strategy we don’t have strategy.

You can call us stupid, that's okay.

OK.

So if we have money, we immediately buy the U.S. Nasdaq 100 Index Fund and treat the U.S. Nasdaq 100 Index Fund as fixed assets and real estate. If we never sell it, there will be no capital gains and no taxes. If we have enough funds, we can pledge stocks to live, and we will never repay the borrowed money. Just read this sentence every day until you understand it. If you don’t understand, continue to read it.

If you have money, immediately buy the Nasdaq 100 Index Fund and treat the Nasdaq 100 Index Fund as a fixed asset. If you never sell it, you will have no capital.

You don’t have to pay taxes on profits. If you have enough funds, you can use stock pledges to borrow money to live on. You will never have to repay your debts and your assets, just leave your debts and assets to your children as inheritance.

OK.

When I was converting traditional i to rust recently, I found that some people just bought an annuity. As a result, they could get an annuity of tens of thousands every year. The result was miserable.

His social C also has to pay taxes. Of course there is no problem in paying taxes.

He is sure that the problem cannot be solved by talking about it, because after he retires every year, he will not be able to finish the annuity transfer, but the tax rate will be very high, so the annuity is a damage. Not only will it be cheated, not only will the explosion rate be low, but it will also have a huge impact on the financial damage of your traditional to IRA to rust.

So the hazards are not just the same, but there are many hazards. The first one has a low return rate, the second one is risky, and the third one cannot be overcome by your pure improvement.

If you don’t repay the borrowed money, won’t you lose your credit?

No, don’t you know the better your credit when borrowing money?

If you don't lend money, he will say, oh, okay, I'll lend you 600,000, and you can borrow and repay.

Then he will say, wow, oh, do you want another 1 million here?

Why?

Alas, you have to borrow and repay. The higher your credit, the more he will want to borrow from you.

Did I talk about the bank?

What is the bank's inventory?

He doesn't want you to pay back the money because he doesn't want his own inventory to be increased, so you will never pay back what you borrowed.

His happiest question is that you need to have credit and have enough assets. If you don’t have enough assets, he will ask you to pay back the money.

So why does the real estate have to be paid back?

Do you understand?

At least a maximum of 30 years and no more than 30 years.

Why?

Because the house will get older as you live in it, he is afraid that you will not pay it back in 30 years, and that you will just throw the house to him after 30 years.

Because the house is in dilapidated condition, why must the mortgage be repaid?

But as long as we don’t have to repay the stock, because the stock will not rot, if it falls to a certain level, it is sold and it is very safe, unlike the house that may be burned down overnight, it will be miserable.

But stocks don't, so stocks are much safer than houses.

Will you avoid tax on this?

If you don’t sell it, there will be no tax. Is there anything to avoid?

Because there is no income, wedont have income.

How can there be taxes without income?

There will be no tax.

Do you know income tax?

What is income tax?

Income tax?

Isn’t the American English word income tax?

Income tax is taxable only if you have income. I have found that there are always those who have no income and those who are in debt.

The current scams all use digital currency, so don’t touch it if you don’t understand.

But everyone is of the same mind. Even if you are there, he may be enthusiastic.

There are beauties there, like in the class. As long as the speech is hi, hello, I will block it.

There are also beautiful women who are useless. You can tell a scam just by looking at it, especially those of you who have left messages. I can see if you are a scammer and I can tell at a glance. So I would rather block the error than leave a scam here. So hear, know, understand, believe in execution, and those who believe in faith can endure faith. So you are very lucky to be able to hear our video today. But what you hear does not mean that you will be rich. You have to understand and believe that the above four are just at a level of knowledge. It will not make you rich even if you hear, understand and believe it. I believe that many people have not bought it for two or three years.

Should we continue the operation or go to other short-term operation rooms?

Or you can also give suggestions to short-term operators.

Then he said, "Teacher, I am your belief, I am your student, don't insult me."

Okay, so after hearing it and understanding it, I believe it is just the beginning for you, and the final execution is the beginning of your train.

But what comes next is the challenge, that is, you have to firmly believe that there will be a fall in 2022. You have to firmly believe that if you can't sell it, you can't sell it. Only by being patient and believing can you achieve today's fruits.

Today, if you have made a loss in your investment, you have to get out of here. Given such a good opportunity, how could you not make money if it fell so much, right?

So if you look down, the market will never stop rising.

The U.S. Nasdaq Index Fund means that we believe in technology, the United States, and mankind, and we coexist with American mankind.

That old aunt, you just didn’t listen to our videos. Go and NG us. After this show is over, in 0045, you go and see it. The interest is 5 for you, but our capital is 10 for running. Shi Po is running now?

Let me read it to you, this is the handout we gave last week.

Wow, those who haven’t watched it can go back and watch it.

Last week’s handout?

It’s not last week, it’s the lecture notes from the past two days.

The lecture notes from the past two days.

Lecture notes from the previous two days.

Just let me take a look at this, yes, okay.

Teacher, I can speak.

?

Then you tell.

Hello teacher, hello everyone, this year I must talk about this in the teacher’s new version of the NT$100 million investment lecture, because I started to listen to the teacher’s class last year, and I remember that the first time I spoke in clubhouse was about a year ago.

Then this year I really gained a lot. Of course, the best gain is the gain in my own account, because I converted all my other stocks to the Nasdaq last year, so I bought them this year if I have money, and the income at the end of the year is very good.

Another thing is that I learned more and made more friends through the teacher’s channel.

This is a little tidbit. Because yesterday, everyone in our reading group, we did a little entertainment. Because last night was the last opening of the US stock market in the last year, we wanted to do a small quiz. You can guess whether the closing price will be up or down.

About 40 friends participated. In the end, 59% guessed the increase and 41% guessed the decrease. Today, everyone knows that the result is that the Nasdaq fell slightly, but we have a small guess. This is because we have a small stimulation since the guess is wrong. Today, red envelopes will be given out, so everyone is giving out red envelopes in the group, but they are very happy.

So this is.

So what I mean by this is that if we follow the teacher’s strategy, at any time and any day this year, of course, if you buy it yesterday, you may fall a little bit, but you will make money if you buy it on any other day. Just like what the teacher just said, if you listen to the class well and do what the teacher says, you will make money.

Since the beginning of this year, I have made a profit. QQQ has increased by 54.85%, and 513100 has increased by 51.81%.

So I have a small wish, that is, in 2024, I may study how to directly buy QQ q under this situation in China. The simplest way is to open an account in Hong Kong, and then directly use US dollars to buy QQ q after opening the account. This is the safest and the lowest cost, because the handling fee of QQQ is also very low, only 0.2% per year, so this is my first impression. Share it with Jeff teachers and other students.

Okay, the doctor is like this and we are going to continue the class. If you want to share that, we will talk about it later.

I posted my message on the handout of 00450. Look at the last configuration. Old aunt, please look at the last configuration. How do you borrow money for this?

How to use it?

Your assets far outweigh your liabilities. You will understand this if you know how to calculate.

The first is to avoid risks, and the second is to not sell assets. The risk of borrowing money is actually lower because you have cash flow.

If you have cash flow, then I still suggest that you don’t join the group leader casually. You don’t know the monsters and monsters in that group leader?

Who are the monsters?

Even the moderator didn't know, so he connected privately, which turned others into a scam.

We don't want anyone to get hurt.

We have reading group leaders, which are friends’ own. Even cats like Cat also have their own group leaders, but you don’t have to ask them how to join. Don’t ask others to join if you don’t know them. OK?

Don't ask anyone you don't know to join, OK.

Oh, 10 people in a group is enough. If there are more than 10 people, it’s useless to talk all over the place.

Yes, I'm just telling everyone.

Oh, then you have to join the group and you are responsible for it.

OK, then I have to make this clear. One of my comments here said that we don’t talk about politics, but here, ha, I am like this, if I am the president, I, I am the candidate, and I am the finance.

If each young person is given 15 million, don’t buy a house. Don’t make it a requirement to buy a house.

Well, you are buying a house.

Isn’t buying a house a good thing?

If buying a house is a good thing, of course I will help you buy QQ with all 15 million.

You only need to pay two points more as compensation interest, and you don’t have to pay it back now.

In 10 years, my government will invest 10,015 million with you.

Let me tell you, if the government gives each young person 100 million, everyone will retire and we will all be the bosses of Americans. Why do we still need to be laborers?

But why is it right that the Chinese and Taiwanese governments don’t have so much money?

We are poor. It would be great if money was distributed like the United States.

Suppose I talked about it today?

Suppose the government can give each young person 100 million the QQ cuter full rights, and you can get the value-added part after 20 years. I think why not do this?

Why not?

Instead of encouraging people to buy a house, encouraging them to buy a house actually pushes them into the bottomless abyss of labor.

Did we talk about it?

Houses are not a good investment. Why do you push young people into buying houses?

To put it more plainly, do land developers make real estate sellable?

I don't have politics, I don't talk about politics.

OK?

I don't know.

Huhu, don't get involved with politics, I'm just discussing the matter.

This candidate may not have other certificates. It doesn’t mean that if the certificate is not good, it’s not me, and I don’t support anyone. Don’t misunderstand me. But today, if you assume that there is a person, an organization or a country that is willing to lend you 100 million US dollars or 10 million US dollars, you will retire immediately, because the interest is only a small amount, and the stock price will rise as much as possible, right?

Yes, so in theory, every young person should spend 10 million, 15 million, or 2 million US dollars on QQ options. Why won’t it be OK in 20 years?

Well, our investment index coexists with human beings and the United States, so there is no selling.

You can't say tomorrow that you have no confidence in the United States or mankind. Humanity will perish. Then there is nothing to talk about, right?

Then if you don't even have the confidence to live with human beings, then I don't even know what you are doing with your life.

So we will make profits in the long term, but it does not mean that we will not lose money in the short term.

OK?

But because we don’t care about it and will never sell it, if it floats, its stock price will not matter.

If you do not do a good job in risk control, then you will be at risk.

If you don't have money to buy tomorrow's lunch, you are at risk.

I saw this today. There is a Pre crow for closure near our house. This is because the risk was not properly controlled. The house was auctioned, so a 6-foot-tall person would drown in an average of two feet of water.

Why have you ever thought about this?

If you want to understand this sentence, there will be a problem if you can't.

A 6-foot-tall person, which is about 181 centimeters, drowns in an average of 6660 centimeters of water at 60 meters, and drowns in 60 kilometers.

Hey, can a person standing six feet tall not drown?

You will always drown, because it is only one foot deep in some places, and 10 feet deep in other places. On average, it is 3 feet or two feet deep. This is what we call 9 percent annualized return.

Wow, how can you lose money with nine wins in annualized returns?

The annualized return is not nine wins.

Isn't it Jiu Bensheng?

Why does it increase by nine times every year?

No, it will fall by 80% one year, and rise by 208,040% one year. The average annual return is 9%.

So why would a 6 foot tall person drown in 2 feet of water?

But some places are very deep, sometimes falling by 80% in a year.

But in the long term, 20 to 30 years, it is 9.6%. Don’t be fooled into thinking that there is no risk because of 9.6%.

No, you should pay attention to this matter. The long-term lack of strength does not mean that it will not fall in the short term.

These two things are different. It needs to be understood that any high point will be a low point in the future. You have reached a new high now. If you look forward on QQ, which one is higher than today?

Except for yesterday, any high point I talk about will be a low point in the future.

Jimmy Stephen Dave, we talk about 408408408408 every day, is this a low point now?

Yeah, it’s already a low point, right?

So any high is a future low, but some people will still go bankrupt in the market.

Why?

Will anyone go bankrupt from 2022 to 2023?

Yes?

Because the short-term market decline will make you fall into a bottomless abyss, some people will go bankrupt if they sell at a low point.

The extent of the decline is beyond my imagination, so you must be able to treat stocks as real estate. Its price and stock price have nothing to do with it. Only in this way can you definitely not raise funds or use margin.

I said that pledge has nothing to do with the deposit. You cannot pledge to borrow, and you cannot pledge to borrow more than 20%. If you pledge 1 million, you cannot borrow more than 200,000, and if you pledge 10 million, you cannot borrow more than 2 million, otherwise there will be risks.

OK, investors must do a good job in risk control. Only when we control risks can we hope to make profits, otherwise the market will fall by 80%.

PERCENT are you still alive?

You have to think about this every day. If the market falls, it doesn't mean it will fall by 80% tomorrow.

PERCENT will you live?

This is the first thing. The second thing is that the market has not been open for three years. Are you still alive?

Can you live?

If you think about these two things clearly, this is the key to drowning.

Thank you iAsk, does Fidelity have this function?

Yes, it seems that Qiaqia does not have this function. QQ does not seem to be able to place fixed bets and there is no car placement.

Yes, it should be possible. I think there will be changes if there is competition with Chashu. He should be able to do this. Would you like to watch our video about this learning?

Please check COEC's leveraged fund. We have three or four videos specifically talking about this matter, so we won't talk about it here. Thank you.

You.

Okay, look down again, now it's page 21.

On this page, I am only explaining why you should buy when you have money. Look, the red dots are people who buy when they have money. The green dots are people who wait for the market to fall. I am lucky enough to buy at the low point when the market is falling. On average, do the red dots win or the green dots win?

Oh, you can tell at this glance, oh, the first point, the first one, oh, the red point is bought at the high point, then the second point, the green point is bought at the high point, the first point is greater than 3.3 points, oh, the green point is bought, the red point is bought, oh, the green point is bought at a low point, then the two red points are bought at the low point, then a green point, another red point, then a green point at the low point, and then 3 low points.

The green dot is bought at a higher price than the three lows, and the market crash has three highs. After losing the green dot by three points, it goes up again. Later, when you look at the 12345 bull, there are five lows. You only make two purchases later, so buying when you have money will perform better than just buying at lows. This is why people don't understand why you have been going up for 10 years, and you only buy at this low every year?

I think I am talking about this year, but in fact, bulls will be like this year in the future. You buy at the low point this year and buy at the low point.

Well, congratulations, you bought a low price.

What bargains did you buy?

We buy in January, February, March, April, May, June, July and August.

The month you bought happened to be corrected, you bought it in October 345.

Then buying at any time in January, buying in May and buying in June is lower than 345, so why is there no use in waiting?

Waiting for nothing means buying when you have money. In fact, it is the best buying strategy, and then buying strategy.

Okay, this picture is talking about this, so let new friends know that if you have money in the long term and buy performance, it will actually be better than waiting to buy the performance at a low point.

Moving on to the next page, usually when we are in the market, you will see this down week, which is scary, scary, and scary.

I still use SPY to express this. This is very scary, but after the market rises in summer, what is so scary?

Isn't it terrible that many people are coming up to talk about it? It was only in 2014 that it reached a new high and medicine was only introduced in 2014?

We’re not selling, so when did he say it’s none of my business?

Moreover, this decline in the past 14 years has given young people a good opportunity.

Now many people are talking about 2022. If it goes up now, it will be a little bit painful. It would be great if it can fall again. Now anyway, I am happy when it goes down, but sad when it goes up. So the fall is to give opportunities to young people, so for those who have retired, anyway, we have pledged, so it doesn’t matter if we go down. Anyway, I have money to use.

But for young people, falling is a good thing. You can stay at a low point for 14 consecutive years. How great. What a great thing.

Well, what now?

Look at how low the original high point was. How great would it be if you could buy it now?

What was QQ at that time?

I can't see QQQ. At that time, QQQ only reached 100 yuan. Now there is 100 yuan of GUU for you to buy. Do you want to buy it for 100 yuan if you thought it was high at that time?

Do you want to buy it now?

Of course I’ll buy it, so of course I’d be interested in buying it for 100 yuan?

You should be happy now.

Then you said that you still find teeth that are 23 years old, which is not a long time.

Yes, many people think that 23 years is a long time, and that means their vision is not far enough.

So I said that if your vision is far enough, how high will your wealth be?

Your wealth is related to your vision. If your vision can see far, your wealth will be high.

People with short-sightedness will never have wealth.

Teacher, I want Echo too.

This.

OK, please tell me.

Well, I think this is closely related to investment psychology, and then I will talk about my own experience. Well, during the tsunami in 2008, I actually didn’t have it at that time, and I couldn’t see the US stock market. At most, we knew that the US stock market was falling, and then the Taiwan stock market also fell sharply.

Then I remember that it was almost at the lowest point in March 2009, and then it started to go up. Then when it fell, I didn’t dare to buy it?

I really don’t dare because I don’t know where I will fall.

Then I didn’t dare to buy when it went up, because I felt that I hadn’t bought at the previous lows. How could I buy now?

So actually I have been missing it since 2009, and I have been missing it.

I didn’t start buying it until I met you in 2017. Looking back at that time, in fact, QQ at that time was also doing something with SPY, because the price had never been that high.

Yes, so I think, well, if any friends who heard it really need to understand this matter very seriously, then you can overcome your inner demons and jump in now.

Yes, because no matter what the teacher said, the more you buy, the more expensive it becomes. Whenever you have money, it must be at a high point, because at that moment, it must be at a relatively high point.

But the advantage of the exponential ETF is that it is getting higher and higher, so don’t be too afraid.

Yes, I think this is where we need to strengthen our professional skills.

Above, thank you.

I want to turn on the light, thank you.

Don't miss it if you pass by.

You have experienced many people, you have experienced 2,000 years, many people have experienced 2,009, but they have passed by, but they still missed it.

Why haven't you learned it? You haven't learned our life experience at all.

We can be stupid at a time and ignorant at a time.

The first time was ignorance, the second time was stupid, can the third time be allowed?

So you have to learn it when you pass by, don't pass by and miss it.

We can be ignorant once in life, stupid twice, and you don’t know the third time, so what are you doing there?

I don't know.

Is it useful to study so much K-line?

Your vision is not far enough, and you only compete for victory or defeat in a few minutes and seconds.

What is that called "Xia Cong can't fight with soldiers"?

This secret explains it best, right?

Alas, if you don’t understand, you just don’t understand. If you pass by and miss it, how can you survive in life?

Always regretful and completely uneducated.

You can encounter any difficulties, but difficulties are good, but not learning is a waste.

So there will be no pity for those who make mistakes in 2022.

No, no, it's a pity that there will be opportunities in the future, but don't make mistakes in the future, just don't make mistakes again.

Yes, Louis, yes the sheep.

Yes, the teacher at that time is so tall now, how can we buy it?

How much was it at that time?

How much is it now?

Since 2018 and 2019, people have started asking, it’s so high, I’m always asking the teacher, it’s already so high, it’s so high, I think all highs are lows in the future, we need to understand this, we must understand this matter.

Because your investment is forever, you can earn 27 million times in 200 years. How many percent are you still worried about?

Don’t be afraid even if it is cut in half, because it will be 27 million times in 200 years. If you can’t see the people in 2002, then your financial IQ is not high enough.

If you want to watch our 00450 video, I’ve posted the link on the message board. You can watch it later.

So from 1 million now, the future will be 100 million, which will increase 100 times.

This picture is not a fake, this picture is a real picture, this picture is a real picture.

I didn't draw it myself. This picture is real. I didn't draw it myself.

Then how could it be like this when you say 100 times?

It was corrected several times in the middle, and it can still increase 100 times. Do you understand?

So what I said is well-founded.

Yes, Tony is right. When we hit the bottom in 2022, everyone was scared to death. How could we still rebalance and leverage?

But as long as you believe that your assets will be 100 times greater, and add two zeros after your assets, well, that’s it.

This is the point. The market will never stop rising. This is the point.

Okay, moving on we are now on page 26.

Okay, are we going to talk until midnight today?

Therefore, the sooner billions invest in life, the richer they will be. This means that for ordinary young people, that is, or for ordinary people who are 30 years old now, if you say you retire at 60, then you should have 1 million US dollars, how much should you withdraw now?

Suppose it is QQQ. Suppose we use the 12 party to look at you in a more optimistic way. When you retire in 30 years, you want 1 million. Now you have to withdraw 283 yuan every month, which is not much. Then you want 10 million. You only need to withdraw 2,830 yuan now.

In fact, many Americans can withdraw money, and many people with high incomes can withdraw it. The only thing you can withdraw as a fourone is more than 20,000 yuan, right?

Then you have 10 million US dollars to retire in 30 years, which is awesome.

Then if you are a young person who has just launched, just started, just moved, and heard this program, then you will be richer. If you only need 85 yuan, if you invest 85 yuan a month, you will have 1 million. If you invest 850 yuan, you will have 10 million a month.

10 million, so you can be rich easily. It is very rich. When you are 60 years old and have 10 million, then you are 200 trillion.

If you don’t understand 200 trillion, just watch the video of 00450, so this is for everyone’s reference, and then say, oh, you will retire in 20 years, how much money do you have now?

So how much money do you need to prepare?

So you should invest now, and how much money should you allocate for investment?

You can catch up like this, but don't be unprepared for retirement.

No, no, it is easier for young people, but if you can improve your life a little more, then if you have enough, you can spend money well. Spending money is moral, not spending money is immoral.

On the next page, you see that if you invest 500 US dollars every month, you will have 5.9 million in 40 years. Yes, it is probably 100 yuan. 100 yuan a month is 1 million. It is as simple as that. Forget it, you can make 1 million. If you invest 1 million every month, you will have 1 million. If you invest 1,000 yuan every day, you will have 10 million US dollars. 10 million US dollars.

If you invest 100 Taiwan dollars, you will get 1 million Taiwan dollars.

If you invest NT$1,000, it will be NT$10 million. If you invest NT$10,000 a month, it will be NT$100 million?

Oh, it's that simple.

A life of 100 million is not a dream. Many people don’t understand. It is difficult to live without 100 million. They also say that our 100 million is to attract attention. I think 100 million is really conservative. I use 100 million. My lecture with 100 million people is too conservative.

More than 100 million is the basic loan.

Yes, that Alvin.

Yes, that's right, if you can take advantage of the market drop, then the market drop will rain gold, and you have to use a big pot to catch the gold rain.

Don't be afraid.

I really think young people should be praying for a market crash.

Because you can’t use the money in the market now, and you get a salary every day and every month. If the market is bigger, real estate has dropped by 90%. Are you happy?

Young people, if you are very happy about the real estate robbery of 90%, why are you not happy when the stock price falls?

Be happy, you want to encourage the stock price to plummet, what will the retired people do?

Anyway, I’m not selling our pledged loans. It’s none of my business if my stock price goes down. It’s fine.

Yes, so everyone must do a good job in this psychological construction.

Many people said that the stock price plummeted the year I retired, but they said this because they didn't understand.

Okay, let's go to the next page, a supplier, yes, it's also very good, not bad, use a big plate to solve it.

How much money do I need to invest and index funds to retire?

Our answer is roughly.

We have talked about it in many videos in the past, and it was quite detailed. Here I can only give a rough outline.

Multiply your annual living expenses by 33. Assuming you need $100,000 a year, you would need to prepare $3.3 million.

If you want NT$1 million a year in Taiwan, you need to prepare NT$33 million. It’s as simple as that.

If the United States needs 100,000 US dollars a year, it will cost 3 million. If Taiwan needs 100,000 US dollars a month, you will need NT$1.2 million a year, which is 33 times. You will need nearly 40 million.

So if you are retired, you should set aside a 3-year emergency reserve. If the market falls, you will not survive. You will eat well, sleep well, have no worries and are still working. Buy as soon as possible and be brave. When the market falls, it will give young people a chance and give you a chance to turn around. Do you understand?

So be brave and go to the next page. As long as you understand the market, you may be cut in half again at any time.

You must first recognize this matter. The market may plummet as soon as it opens next year. Does it matter?

It doesn't matter, young man.

Welcome, I’m old and I don’t want to sell it. This is all inheritance, what’s there to sell it for?

Life will be ready in the next three or four years.

Oh, then you, you have to simulate the market cutting in half and then cutting it in half.

What does it mean?

It’s 50 itself, and if 50 itself drops by 75 percent, you’re still relaxed and happy, do you understand?

If not, you have to think about yours, how do you prevent it, or how do you adjust your mentality, or how do you prepare, always give an answer?

It's useless for us to worry, you can just sleep peacefully if you want a solution.

There is no use worrying about it happening every day without a solution.

There is no use worrying, only being prepared helps.

If you can't bear the risk and want to reduce your position, or you want to work again, or you want to find some kind of income, or you want to reduce expenses, that's it, you always have to think of a way. If it reaches this level, then we have to cut back on food and clothing to get through it.

Oh, that's great if you have the answer. Then I'll drive an Uber.

It would be great if there is an answer. I don't want to be confused. I will sell the stock at once when the time comes.

No, remember, never sell assets. If you can't bear a slight loss, don't invest. Just leave the market now and just build your own fixed deposit. You don't have to invest, so don't listen to our lesson.

This excitement, this, well, if you bravely go out when the market opens next year, you end up buying at the highest point, oh, right?

It's no use.

I don’t know if it is the highest point, so don’t rely on the courage of words or impassioned words to buy it for him.

No, you have to understand that you can buy whatever you want, but you have to know that what you buy will never be sold. You should pay attention to this and don't go bankrupt just to pay. This is not necessary. There are many Libra, more, and so on in the stock market. I will go bankrupt three times in my life.

It's not necessary, it's not necessary, that's not great, that's not great at all.

Those are retail investors, and Libro is also a retail investor, and will go bankrupt.

If you are a retail investor, you will go bankrupt. Don't think that you will go bankrupt. Those books are all good books.

It's not that it's called retail, it's just that it's bankrupt.

It's going bankrupt again, but this is a story, but that one is a retail investor, OK, it's relatively lucky, retail investors can get up three times and go to the next page. Cash flow and risk control are the most important tasks in investment index and investment.

Cash flow?

What is cash flow?

Is there anything to eat tomorrow?

Did you pay your bills?

You can pay it.

If you can't pay, that's the most important thing.

Do you have money to pay bills?

Are there any tuition fees for children?

It doesn't matter whether we have money for lunch tomorrow. If we don't have this, then don't talk about investment. Don't use all the money to talk about it, because you will go bankrupt after investing.

Well, for you, originally you said that this and that interest can be negotiated, and it has something to do with your profession. Suppose you are a civil servant, or you are an employee of TSMC, the interest rate may be lower. Then you need to have a lot of assets, 100 million stock assets, and 10 million paper assets. I think the interest rate is also different, so the investment index is definitely not a stock price manager. We have nothing to do with the stock price. I don’t care about the stock price, let alone a manager of individual stocks.

We are not CEOs, so we are so worried about which mobile phones each company sells well?

Is the car selling well?

What does it have to do with me?

We have a general manager, a team chef, L, the CEO of Google, and the CEO of Max, they are in charge of us and the capitalists don’t care about us, right?

So we are definitely not worried about this, so no, no need to talk about it, teacher, do you want to analyze it?

There is no need, just use QQ.

Long-term U.S. index fund managers should never react to stock prices. Don't chase the stock price because it rises, and sell when the stock price falls. We don't do that. So long-term investors are wrong to sell at any time, and you will lose your position. QQ Which day is the right day to sell? Can you tell me which day is the right day to sell?

Selling at any time is wrong, but buying at any time is right. In the past forever, buying at any time is right, as long as there is an opportunity for you to buy, so the pulse at any time is wrong, and the pulse at any time is right.

Operation, remember that operation is a sin, you should not do sinful things, go to the next page.

Okay, I want to explain Buffett here. We are different from Buffett. Don’t keep saying this. Buffett sells everything, so why don’t we sell this?

Why are Buffett and I different? How about you?

Well, let me explain, Buffett is a long-term value investor, it has value, we only have a long-term, we have no value, our value is the United States and human technology, we and technology, the American Human Coexistence Network, do not need to analyze Value investors like Buffett will buy when the stock price is lower than the value, and sell when the company's business model changes. You know that Buffett did not sell because the stock price is higher than the value, he never sells Cocoa-Cola.

But is the price of Coca-Cola higher than its value?

As time goes by, sometimes it gets a lot higher.

But will he sell it?

Why would he never sell if he didn't use stocks?

He will not sell it until death. There is only one situation in which he will sell it. It will only sell if the company's business model changes.

OK, for example, they sell PetroChina, and they sell aviation stocks. Why?

The company's model changes and its business model changes, or it changes when he becomes more aware of it. Things like Aibian bought and then sold, like TSMC bought and sold. When he sells later, it is definitely not because of the stock price. Do you understand?

You see, he sold it wrong. After he sold the airline stock, the airline stock still rose, right?

He sold everything wrongly, but has he done it in the long run?

That's right, he didn't sell because of the price, so we must understand that we must not follow the stock price, that is, speculators speculate, and we are a long-term investment, and Buffett is a long-term value investor.

Therefore, what Buffett values is the business model, far more than the relationship between price and value.

You never hear from Buffett that the price of Coca-Cola is too high, higher than the stock price, too valuable, and we sold it.

No.

Boy, boy, oh, no, so everyone must understand Buffett.

But understand me.

I'm not saying that you must understand, but you must know that we and Buffett are different, so don't put us together with Buffett.

OK, we are inspired by Buffett and Munger, I understand this, but we are not, we cannot learn from them, we cannot learn from them.

Oh, although value investors will make buying and selling actions based on changes in stock prices and value incentives, most of the time if you use stock prices to enter and exit, it will be random fluctuations, which is speculation.

So if you look at many value investment funds, since they are all value investments, aren’t they talking about value investment results?

Because they are all values, they believe that the stock price delivers value.

The problem is that it can’t even tell what the value is, so how come the stock price exceeds the value or the stock price is lower than the value? Because it’s buzzing, oh, right?

Therefore, most people who follow Buffett's value investing feel that it will turn into a short-term operation in the end, because they think that they are doing value, price, value, value, price every day.

I have been doing it for a long time. I bought it yesterday if I thought the stock price was cheap. If I thought the stock price exceeded the value today, I sold it.

Oh my god, the value and price are fighting over there, this just doesn’t work.

Yes, can tell him. Come on. Wenhao, you have never spoken before. Please come up and talk about it.

Hey, did the teacher hear my voice?

Yes, your background is a bit noisy.

Because I happened to be outside and kept listening to what you said, nodding my head like garlic.

Hahaha, thank you.

It's me. The background is a bit noisy. I'll slowly walk to a quiet place. Can I speak again?

It's still in this state.

No, you can go to a quiet place and then speak.

OK, well, we still have a long time, so take your time.

Okay, so long-term U.S. index fund investors are not value investments. Let’s be clear, we are not value investments and we don’t understand value.

How much is the value of QQ?

We don’t understand, don’t ask me, I don’t understand.

Long-term U.S. index investors buy the United States and invest in humans. We are coexisting with the United States and Humanity Technology Network. In this way, if investors bought yesterday thinking that humans will get better and better, and suddenly sold today thinking that humans will perish, that would be a bit exaggerated, right?

That seems to be an exaggeration. Human beings have been making progress for thousands of years from the ancient creation of Pengpeng to the present.

European immigration in the Ming Dynasty 200 years ago has been making progress every week, so what do you think the future will look like?

i dont care He said why don't you care?

So what do you think the future will be like?

If you tell me what the future will be like, of course it will continue to progress and progress will accelerate. This is what human beings are.

If you think that human beings will become decadent and perish, then what are you still doing now?

Otherwise, he might be able to save humanity, just like Yilong. Do you have any idea?

Don't speak if you have no other choice.

So if investors bought yesterday because they thought humans would get better and better, and then suddenly found out today that humans will perish and sold, wouldn’t that be ridiculous?

So the reason why we don't sell is that most people here don't have Buffett's ability to see the business model, so they can only be long-term investors.

For those who think they are as capable as Buffett, I don't see that he has this ability. As a result, he operates on the short side.

You don't need to look at those short-term operators to talk about value, then you know they are insane.

OK, okay, let’s not criticize others, go to the next page, go to the next page, page 33.

There are only two kinds of people in the world, one is the poor and the other is the rich, but fate has no way to deal with it, so we should not care about liberals, conservatives, democratic parties, the Communist Party of Russia, the Kuomintang, the Democratic Progressive Party, the People's Party, the Communist Party, it is the same for any party.

Let me tell you, it doesn't matter. Whether you are poor or rich is more important.

Who is in power?

It doesn’t matter whether Trump is in power or Biden is in power, Q1U will rise anyway. This is the power of capitalism.

So we know that the way we invest in the Nasdaq Index 100 in the United States for the long term is to implement it, you will be a rich person, and those who say you don’t understand this will be a poor person.

Oh, this is where the poor are.

By the way, the Wenghua era means that you understand business if you understand it, but do you really understand it or just don’t know it? Because sometimes some people just think they understand it, but when the market falls, they doubt whether they are right or wrong, right?

I will doubt it, so it’s not that simple.

It's not that simple, it's not simple, this is not that, it's really not something that ordinary people can do.

Like when I invested in the past, didn’t I say I invested in Starbucks?

I invested in Starbucks very early. When its market value was only two b points, I invested. If it didn’t have two b points, it would be six b points. I would invest.

I said that if I wanted to buy it, it would be fine if I didn't sell it, but then the market would come and McDonald's would sell freshly brewed coffee.

So why is Starbucks limited in its growth now?

Its acceleration has reached saturation, and many investment stocks are being tortured by demons and monsters.

It's not like I haven't been tortured before, so I know what it's like.

Okay, so we need to know whether we want to be poor or rich. This needs to be decided first. To put it more deeply, it is information asymmetry. In fact, I don’t know whether this is intentional or unintentional. I think the capitalist financial industry and capitalists deliberately keep workers ignorant, do not teach at all, and are prohibited from being educated.

You know when we talk about this, we all have to declare that we are not professionals and we cannot do it.

Let me tell you, I used to have to pay investments. In the United States, I had to pay, I paid investments, and I went to the library to borrow. What did they say to you in the library?

We said that when we were studying, the club would lend us the book once, but it would not lend it to us after it was lent to us twice.

He said you are talking about stocks, how sinful it is to talk about stocks.

It is also sin.

Hey, you know it is forbidden for us to talk about financial management, even in the United States.

Of course not, he said, well, we have this library, hey, you can’t lend it to us. Hey, right, so why should I set up CLC?

That is to say, in the end, we can only use non-profit organizations to see it, and we can borrow it or not.

Later, we no longer borrowed from the library. We basically charged the classroom fee, which was charged for one class per year.

I forgot how much it was, 30 or 60 US dollars, just use that money to rent the venue.

Anyway, so investment and financial management education is correct. Education like ours has been blocked intentionally or unintentionally.

Like us, if you are on a TV show or some financial channel in Taiwan, no one wants to find you, and it’s not possible.

What does it mean not to invest?

Can't buy insurance?

What does it mean not to buy an annuity?

What does it mean not to buy individual stocks?

I don't want anything.

You know, the U.S. and Taiwanese governments have jointly lowered prices and futures trading fees today, and the trading volume has increased. Wow, this country is opening a casino to encourage everyone to trade short-term.

Anyway, they did everything right and we did everything wrong.

So what I am saying is that this is a world with asymmetric information. It wants you to be poor and to be obedient as a laborer.

Therefore, our class is to awaken and arouse everyone's consciousness of capitalism. We want to be rich, we cannot be laborers, and we cannot be enslaved.

But there's something about the subject of enslavement that doesn't sound good.

That is indeed true, but correct information must be interpreted correctly. With so many investors, how many are really winning?

There are many people who are really with us, and I have many students, but sometimes I don’t even know what they say. Is he my student?

He said that he has been with him for more than 20 years.

When?

Hahaha, more ordinary than ordinary people.

So sometimes it is, so our financial information should change the future of more people and make everyone rich.

We don’t care about the Democratic Party, the Republican Party, or what party it is. It doesn’t matter who is the president. Just decide for yourself whether you are rich or poor.

Don’t be trapped by money, this is true.

What matters is whether your family is doing well or not.

Are your parents doing well or is it true?

It’s true if you can take your child to Europe.

Does it matter who is in charge?

So buy US index funds in batches b.

Of course, this has already been said. How to buy is not the point. You can buy whatever you like. As long as you never sell, it will be fine. If you don't sell, you will be a master.

Many people don’t understand what it means to be a master if you can sell, and only if you don’t sell, you are a master, and only then you know what assets are. If you don’t even understand assets, you still have to talk to others about investment, right?

Therefore, how to buy is not the point. Not selling is the best way for the master to buy. It is to test drive and buy immediately if you have the money. This is the best way to invest.

No, I have confirmed this for thirty or forty years. What does it have to do with you buying it immediately?

It has reached a new high in just two years, so there is nothing to worry about.

Go down a little.

So wealth is the right investment, wealth is the right investment, plus the gift of waiting and patience.

You don’t want to say that you can get rich easily, don’t you?

You also need to add waiting and patience.

In addition to investing money, you also need to wait and be patient. Although it is not difficult, the road is not simple either.

I have heard a lot of books about waiting and patience. They say that buying an index will never sell it, or that long-term difficulty in buying an index goes against human nature, which is correct.

It's a bit contrary to human nature, but you can only succeed in investing if you violate human nature.

Because that’s our human nature.

If you seek advantages and avoid disadvantages, the opposite is true in investing. You should seek disadvantages and avoid advantages. That is to say, falling is harmful. You should catch up quickly. Do you understand?

Then many people are here again, and your stocks have all changed to 0. You see, it is here again. We are talking about index funds, which are about 100 index funds. If someone who says this will return to zero, you should not talk to him. There is no room for conversation.

Good going down.

What is not a good investment?

As for Awen, when you can speak, you can open the Maiha.

Teacher, I can do it. Come on, please speak.

Yes, did you hear what I said?

Yes.

Alvin, are you the one who met me at the Grand Hyatt?

Alvin?

Haha, yes, I can meet Teacher James at the experience.

Probably not.

Oh, no.

Okay, then I admit my mistake.

almon you start.

Okay, you say that.

Ah, let me share my experience.

That’s because the teacher gave us a lot of guidelines. In fact, I think those teachers were on the same path that we walked 10 or 20 years ago, and they told us from personal experience.

When I heard this news, I sometimes thought, well, people always hold back their manuscripts.

Oh, let me share my experience, that is, I have experienced three meltdowns in 2020 copy ninety. During the continuous meltdowns, I felt that this was an opportunity, but you did not dare to buy. In that state of fear, you had to start buying and then continue to fall, and then continue to buy after falling. It is not something ordinary people can do, so people will definitely make mistakes. What I call making mistakes means that you must want to say at the moment that I made a mistake and I should not buy at that time.

You see it has fallen again.

Oh, then in the Second Five-Year War in 2021, when I went to Miao to buy the Second Five-Year War, I wanted to say that I should go in again this time.

Well, during the period of the European War, it was not about starting a war or not. When the war officially started, the fall was very fierce.

I said yes, after the fuse was blown three times and I didn’t go into the house, I should go in anyway.

Well, I went in. I went into 662 and bought it for 45 yuan. Alas, after I bought it at that time, it continued to fall, and it continued to fall. At that time, the devil in my heart appeared again.

Well, was I wrong again?

Alas, the teacher was either telling me this or buying that. You see, I seemed to have done something wrong, and I felt very upset.

OK, after the Russia-Ukraine war, and then the ban on semiconductors between China and the United States, Corgi stood well, and Nasdaq was ups and downs, up and down, up and down.

You did it again, and you ran out again when you bought it.

My final purchase price of 6624 was just over 50, 50 to 50.

You have to go in and out. In fact, I included the 757 inside and the period when you ran out. In fact, there was a loss at that time, but the core idea in my heart is to believe what the teacher said, because the teacher is standing in front of the road and telling you how the road is walked. Although it is difficult for you to imagine, but if you follow the instructions, you can slowly find a way. Although you will definitely do something wrong on that road, you will definitely think that you have what you bought, and then you will feel that you bought it wrong.

But along the way, I am now making profits, and my profit is over 20%. So along the way, there will be many devils in your heart telling you that this road is wrong. This is actually a sign that dawn is coming in the darkness, so you have to get through it.

I think what the teacher said is right. To do it, you have to overcome human nature. You will definitely make mistakes, and you must learn from your mistakes, including the three monopolies, the Russia-Ukraine war, and the power of semiconductors. Every drop is an opportunity. Don’t be afraid. It will continue to drop after you buy it.

We have experienced that possibility, and the possibility is very high. Every time you buy something and order it again, you will feel that you have made a mistake. If you buy something again and again, you will make the same mistake again and again, and you will keep making the same mistake.

But now I stand at this point in time and see, well, it doesn’t seem to be wrong, that should be it.

Yes, that one should be a big buy.

But in a situation of fear, you have to buy big.

I think it takes time to experience it. After we have gone through this round, we will do it next time. Anyway, every time the world changes, we have a certain vision for the stock market. At that time, we really have to make up our mind to do what the teacher said, you have to be brave enough to buy.

Then to succeed, you must have the core idea and believe that what you do is right.

There must be this core idea, hey.

So my sharing is probably this.

OK, thank you Awen.

Ha, yes, the core idea is very important, but it doesn't matter. Sometimes I can't learn from it if I make a mistake. I don't expect everyone to be perfect after hearing it once or seeing me once. Just like me, after thirty or forty years of experience, my expression remains unchanged before the collapse of the mountain.

No, I don’t want everyone to know, but it’s okay to make a small mistake, but if you make a mistake, you have to admit it and tell the teacher. As long as any operation is wrong, you see, I still think I am smart, but the result is still the same. The market will teach you a lesson.

So, um.

Can I respond to this.

Jimmy.

What does he look like?

Ivan is now making more than 20 percent profit, and he will encounter this again, because this is a problem of his psychological state, so how can he solve this psychological state?

You don’t need to use that money anymore. If you still have a loan or something else to do, you will still encounter it again, and you will still fall into the same pit.

This life can't be saved, otherwise we can still talk in this room three years from now, because this is very important, and you really don't care about this money, otherwise you won't be able to jump out, and you will always be in that circle.

Another point is that, of course, this question is okay based on the number of artist lectures, but it still depends on how much you want to put in, because these numbers can be calculated. Your ability is to put away 1,000 yuan a month, and then how much you accumulate, and how much money you will have after you are tired. This can be calculated, so this is quite interesting.

I will first respond to the article l, the situation he encountered, and it will be repeated all the time.

Yes, what Jimmy said is correct. Sometimes you have experienced it once, what do you think?

Next time.

But next time you come back, you may still have the same mentality, and you may do better than before, but there will still be problems.

Just slowly grow closer.

Then borrowing money will affect your judgment.

That's right, so I often say, it doesn't mean that you just rush into the Indian Pavilion.

No, if you want to cut it in half, can you cut it in half again?

Okay, next, like Tom just now, he said that he would go directly to 60%. It happened to be that the market was going up, so he was lucky.

If it is like the high point of 2,000 in 2022, if it directly adds 60%, it should be bankrupt now, so it cannot be done. So you must know that although it may not come when you are doing it, you must do the air defense drill yourself. Like the gold coins say, it will come again.

In fact, I have taught you before. I often fall by 80% in the simulated market. I have been simulating annular exercises. Even when this happens, sometimes I still have to tell myself to hypnotize myself.

Didn’t you say that it would be fine if you believed it?

No, when you play "See the Devil", you will be really scared out of your wits, so you must simulate it normally, involve exercise, and actually cut it in half and then cut it in half.

If you are configured like this now, and you want to cut it in half, what will you think about it?

Although I won’t let you say it’s 100% safe and you will pass the test smoothly next time, but have you at least practiced air defense drills?

That would be better. I don’t want to say that everything will be smooth sailing for you, but it is still better. This road is very long, and you can see that we are so shocked by such a simple investment. I don’t even know how those short-term investors live, so they may not know, don’t know how to be afraid, don’t know how to be afraid, where are the counselors?

That's right, so everyone needs to think clearly.

Teacher, let me mention one more thing, that is, how do you overcome the fear of falling?

I think to overcome that fear and to have the motivation to press the buy button, I think people need to have confidence.

What does it mean to be confident?

That is, you should not be afraid of any loss, your loss, and you should not treat money as if it were going up and down.

So why are you not afraid of that loss?

That confidence never comes, it comes from your income, your initiative, whether it is your active income, passive income, etc., you can live a comfortable life.

The money in the stock market will come back anyway. Only when you have the confidence can you overcome that fear.

You will, you will think that the stock price has fallen, wow, it has deviated, and you have to buy more, will you be in that state?

You will want to buy more, because if it falls again, you will have confidence. You don't care about the loss, just like an older friend of mine. At that time, TSMC skyrocketed from more than 200, all the way to 300, 400, 500, and then dropped from 600 again. He told me He told me about the number of tickets he bought, which amounted to several million NT dollars every day. At that time, I thought, wow, several million NT dollars a day, wow, the mentality of a really rich person is similar to his. We really need to experience his state, so that we can speak to the teacher for a long time, and then become compassionate.

Yes, probably.

That's it.

Well, thank you Awenha, what Uncle Weng said is right, and then you have to rely on yourself.

It’s not that I’m particular about you, I’m just a Taoist and a very Taoist. You have to rely on yourself to be Taoist and Taoist.

Well, let me give you an example. If I ask everyone to buy it, I will ask you to buy it sometimes?

It seems that what I said was nothing. Then some people told him not to sell at a low point. Alas, he said no, I must sell, otherwise I won't be able to do it. Alas, I pulled him and didn't sell him, right?

So when the Havomark market goes up, it’s very difficult to tell it not to buy when it reaches a high point. It’s very difficult to tell it not to buy when it reaches a high point. It’s even harder to ask it to sell when it reaches a high point. Likewise, we don’t sell when it’s low.

So it’s hard to tell you not to sell at a low point, but it’s even harder to tell you to buy at a lower point.

This is what Ivan said. Our difficulty is that the first point is to tell you not to sell when you are very scared. It is very difficult. Some people really can’t hold me back. I have paid investment for so long. Some people really can’t hold me back. I tell them not to sell their children. There is no way.

Oh, no way.

If you watch our video of the meltdown in 20, you will know what we were talking about at that time. Okay, let’s continue.

What is not a good investment?

Let’s talk about it here, that is, insurance is not a good investment, houses are not a good investment, long-term bonds are not a good investment, real estate bonds are not a good investment, and I don’t understand why houses are not a good investment.

I just saw someone leaving a message. You are a new friend. Welcome. You can watch our past videos. Our channel is already ruined just talking about houses.

Many people may be tired of hearing this, why are we always talking about houses again and again?

I, so I just want to stop talking about houses. There is a lot of information on it for you to read.

A truly good investment is the NASDAQ 100 Index Fund, and nothing else can compare.

It's not that he won't repay. It seems that the house will be increased. Will there be any repayment?

Yes, but would it be better than holding a 100 index at that time?

No.

We have talked about this many times and calculated it to the point of failure.

So the only thing is the Nasdaq 100 Index Fund plus your cash position. You can put it in a fixed deposit, a savings account, a current deposit, or you can buy a currency fund.

That's not the case, that's not important. It's not for profit, it's parking.

Then if you want to invest, just invest in the Nasdaq 100 Index Fund. Don’t ask about individual stocks if they are gone, and don’t ask about anything or other. Write some symbols that I don’t understand and I can’t understand.

That’s no need.

Okay, now you turn on the mic and you can talk.

Ah, teacher, I want to ask a question, that is, in March of this year, I didn’t tell you this, I wanted to start this.

Well, pass on your courses, and then report the situation to you now at the end of the year.

Well, I'm very pessimistic. I asked several people point-to-point last week. One of them said that he bought a little bit and then sold it after it rose by 10%. Hahaha, it's normal.

Yes, at that time you had told everyone that it had entered an upward channel.

Then there are two people who sold it after it rose by 10%, and there is another person who originally set up a fixed investment, but he set it halfway, and may have changed it later, and did not buy it again, and may not be able to buy it anymore. It is useless to take the fixed investment, but he may see it continuing to rise after half a year, and then cancel the fixed investment. He feels that it is too high and he cannot buy it anymore.

Another thing is that there may be some A-share stocks that are unwilling to be transferred, that is, this action is more difficult to do, and then it is still the same sentence, which is what the teacher said, that is, tell everyone to buy it immediately, but no one can do it.

My question is, will all these new novices and new people go through the same mistakes that we have made before embarking on this path? Or is there any way for everyone to do this very quickly and learn this?

Jason, thank you for your question.

This is what I’m talking about, that is to say, don’t buy when it’s high, don’t buy when it’s rising, and don’t buy when it’s falling. We don’t know when to buy. If you’re bullish, don’t buy. Hahaha, don’t buy when it’s rising that high.

It has fallen. It has fallen so much. Don’t buy it. It will fall again. Don’t buy it. Don’t buy it when it rises. Don’t buy it when it falls.

I said to you, do you still want to invest?

Do you want to invest?

So don’t buy when it’s high, don’t buy when it’s low, and don’t buy when it’s sideways. If you don’t know whether to buy or not, don’t talk about investment. If you don’t buy, how can there be no investment? This is normal, and most people don’t understand.

Is it easy to say that he doesn’t understand?

Do you still understand?

Because there is self, that is to say, the reason why people have serious diseases and parrots are alive is because they are too self-centered.

Why did he say that was high?

What is high?

What is low?

If anyone who took the class today knows that always is d, does anyone else know of anyone who can do it?

Didn't I give you an example?

There is a person who has never said, "Teacher, I want to invest." I said yes, then you go and open an account.

Alas, I don’t know how to open an account.

Alas, I said you don’t know how to open an account, so you will always receive money, right?

Oh, teacher, I won’t get paid. I said, will it be okay for you to come on?

Teacher, I don’t know how to cheer. Are you in the United States?

If you don’t know how to pump gas or receive money, how can you survive?

She said that my husband helped me make friends, and that my husband would receive money and give it to me in cash.

Wow, then he said, how do you invest?

Then my husband said he wanted to allocate a sum of money, and I said I wanted to invest. He allocated a sum of money to me, and I wanted to open an account.

I said yes, then you go to Qiao Shao to open an account. After he opened the account, he suddenly came to my teacher. They didn't help me buy it. I asked why?

They told me to buy online, and I said yes, you have to buy online, don’t you know?

I don't know how, and the brokerage counter won't help you place an order. Later, when he was at the counter, I said, "Let's see if someone at the counter wants you to fill in a form and see if you can fill it in?"

Pay the bill, like in Taiwan, pay the bill and let him go, and then the manager who came to make trouble for him came out, and the manager took him to the room, and the manager helped him place the order.

That person makes the most money, why won’t he sell?

You won’t sell it after you buy it, so what?

Who makes the most?

Ignorance makes the most money.

When I talk about an account, which account makes the most money?

That is to say, no one knows when a person dies, and there is a family property dispute in that account. What else?

There are also people who have forgotten their accounts. Some people just have a 401K, or they have forgotten something after changing jobs.

He made the most money from those accounts, so he made the most money by being indifferent and ignorant, so it was difficult for Jason.

But parrots have voices, and most of us do, and the more powerful the person is, the longer he or she has been in the market, the harder it is for us to make friends and communicate.

There is no way. If someone is very powerful and can be transferred to us, it is usually because he has seen the world or has been injured.

I said that there is no learning unless you encounter great difficulties, and there is no great learning without great difficulties, so there are all kinds of people, but Jason doesn’t have many, he just doesn’t know anything, so I believe him and buy it.

Well, as Mike said, when a master gives you a pen, and you ask why, don’t ask, just take it. This is the highest end and very good.

Otherwise, if you ask yourself clearly, it will be difficult for you to understand which path, and that path will be very difficult.

This road is very difficult.

Wait a minute, I have to deal with something, that is very difficult, wait a minute.

Okay, so, yeah, there are all kinds of people, all kinds of people, but I know it’s hard for everyone and it’s not easy.

But I'm here.

Since I'm here to commit, I don't know how much I can help.

I don’t know either, but it just means i do mybest you ask and answer.

If you ask me, I will definitely answer, but don’t ask about weird things.

I told you not to ask, so just don’t ask, I don’t know either.

Okay, let's go to the next page. We should be almost at the end, right?

I look at page 36. Now 30 is almost over, and then there are books worth reading. Where is our book list?

We just have a book list, and many people sometimes ask, so I will give you this book list, and I will give you this link. Some books on this Facebook seem to be out of print. It doesn’t matter. You can buy them. If you can see them, just read them. If you can’t buy them, forget about them.

So some of my books are out of print;

Well, there is also the Holy Book on our channel, which I am still listening to now. I listen to it every day when I sleep.

I sleep every day now, and I am still learning, so if you tell me, listen, you have heard it all, and you are still listening.

In fact, our subconscious mind is very powerful. When you listen to something, you will get different answers and different understandings. So I keep listening to the same how man. Sometimes when I hear the last sentence, I know what he is going to say next, but it doesn't matter. That's just me.

Just like when I took the college entrance examination, I blacked out all my books for the college entrance examination so that I could know how to read them.

This is how I prepare for the college entrance examination, and this is how I invest as well.

So there is another book worth listening to, and I seem to have left a message about it.

You can go and listen to the last one, which is also the most important one. I understand this one, and the rest should be 99 PERCENT.

This one is the same as the previous one, that is, if you have money, buy it. That is an index of 100, and that is an index fund of 100. Oh, this one can only be bought but not sold. If this one is not sold, there is no tax, so you will never have to pay taxes. If you borrow money to live without capital gains, you will never have to pay it back.

The Nasdaq 100 index is already there. Of course, real estate has not been sold for generations. Now 1 million is 200 trillion. You just think like this every day.

The next step is to stabilize investment. Market fluctuations have nothing to do with me, international situations have nothing to do with me, and market analysis has nothing to do with me.

You don’t need to look at our investment index for financial statements. The economic situation doesn’t matter when you get financial statements.

What does the economic situation matter?

It doesn't matter if you upgrade or downgrade.

The interest rate has not been cut yet, but the market has already skyrocketed, so nothing has anything to do with me. The stock market is ups and downs, and everything has nothing to do with us.

So.

You have to practice until you can see that you have a vision of 100 trillion. You need to practice 00450 on this, and that is to teach you how to practice the vision of 100 trillion and 200 trillion. He will come. Never touch my assets, he will come.

Just for 100 million is wrong, 500 million is wrong, 1 billion is wrong, 10 billion is too little, because if you don’t move, you won’t even spend the money. Isn’t it enough to take you 60 years to reach 100 million?

Tens of billions are possible, so everyone is rich, as long as you understand.

So why being rich is a gift? Our class is to make you rich. Assuming that after you finish listening to this class, you can see 200 trillion in money, that’s right.

If you can’t see 200 trillion dollars, then you have to listen to our video again.

Lingling, if you listen to all our videos slowly, you will see that 200 trillion is still too little.

Yes, we make the money work hard, we don’t make ourselves work hard.

I have not worked or gone to work for more than 20 years. I am just getting better and better, and my life is getting better and happier.

Is it necessary for work?

No need, no need.

When you can see two hundred billion, you will think that the salary is nothing, right?

But we must have this vision, we must have that vision, and we must implement it. We must hear, know, understand, believe, and implement, and we must firmly believe in benevolence and faith.

After you achieve faith, you will suddenly become enlightened.

Of course, it requires training, and it does not mean that it can be achieved easily. However, if you achieve it at once without being completely ignorant, then congratulations, you have the root of wisdom.

Okay, I think our class has reached a point where anyone who wants to speak can raise their hand or moderate.

Does anyone want to speak?

Teacher?

I want to.

Well, let’s talk about it.

Okay, that’s it, teacher. Sometimes I’m the one who doesn’t leave the question and answer, the purpose, hahaha, the time that I don’t leave.

What I want to say is because I can really understand the kind of social news that I often see nowadays, um, abuse or um families, that is, the father commits suicide with his children.

Yes, actually I feel it very much, because I did it when I was a child.

Well, after experiencing these days, before I was a child, before I went to school, my father would take off all my clothes and hang me up because of many small things. Then, my mother would use the flour to help me pack it up and take it out and throw it away. This kind of thing happened to our family and to me many times.

Yes, actually I didn’t understand why when I was a child, but as I grew up, I really felt that this was the fate of very poor people, um, yes, it was really miserable, so I felt quite sad every time I saw this kind of news.

Yes, I think you can study with the teacher.

Well, if there is a chance to save others, I would also like to do so.

For that, um, so the teacher is very fierce.

It doesn't matter, as long as I can learn something, that's fine.

Right, right.

Really right.

Yes, the teacher said.

No, no, no, you say.

In fact, I kind of forgot what I wanted to talk about. Last time, I really felt that I could talk about life that can be reversed.

Yes, it really means that it is in your own hands.

Do you want to reverse it?

Do you want to do this?

Yes, I think the example I gave may not be very appropriate, but sometimes the words I give when I give examples are stronger because they can greatly deepen everyone’s impression.

What I mean by saying that the end justifies the means is that I am serious, because I want to see if you are serious. If you are not serious, why should I teach you, right?

So sometimes we used to say in class that I was very fierce, I was the very fierce one, I had a bad temper, that was that, there was a Peter or something?

After hearing it, he knew that Ms. had a bad temper.

Yes, I have a bad temper, but because I came to the cross house and tempered myself slowly, I learned slowly and not to be so impulsive.

We, we are not the Thousand-Hand Guanyin, so sometimes I also know that sometimes we can’t do it even if we want to, so why do we say that the more money, the better?

If you just want to save an abused child, you just, uh-huh, how much do you want?

Do you want to calculate it?

How much does it cost?

Also, if you want young people to have children, if they are born today, they will be given a second-class salary of tens of thousands.

Those in elementary school will be given the upper-level salary, fifth and sixth graders will be given a corporal's salary, junior high school will be given a Chinese-style salary, high school will be given a superior's salary, and college will be given a second lieutenant's salary.

The government should do this.

National security?

National security issue?

National security?

Of course, the amount of money spent on national security issues is 80%. The side budget is more than the national defense budget. Otherwise, why would we call it national security? What is the use of just calling it national security?

So money is really an issue.

And if you have big ambitions, you will find that you have to be as rich as the United States to solve the problem.

Well, otherwise every country’s finances would be insufficient and insufficient.

Well, if you use it well, it's fine. The problem is that many governments don't use it well.

The U.S. government isn’t very useful either.

Yes, the United States has a lot of money, so it’s not easy to use.

It's okay.

In other words, as long as this is 10% effective, it's okay.

The problem is that the fiscal expenditure of Taiwan or other countries is very miserable in itself.

So there are many problems that cannot be solved, so we have to go first, and we cannot accept so much suffering.

So I often tell myself that we are not holding hands with the government and the people, or we are not the Thousand-Hand Guanyin.

So why should I invest?

This is the only thing I can do.

You, you, is it useful to save someone?

I have no choice but to save each one I see.

There is no end to saving, there are too many, there are too many in this society, and if there are too many, there is no need to play. We can only use education, and teach everyone how to escape from the poverty class. It is possible to escape.

Didn’t I just escape like this?

Right?

Cats can escape in the same way. You have to understand and know that you can escape if you want to.

That’s why I want to teach you to escape from the poor class, and teach you that poverty and wealth are two different classes.

Then if you look at yourself, why are you poor?

Why haven’t classes reincarnated?

Why?

Because your parents don’t understand and teach society, they also deliberately don’t let you know, so it’s best for you to stay in that class.

Then what we teach is to break down this class and make everyone fair. Capitalism is a doctrine of fairness. But you have to know that all people are born equal. You have to know that if you don't know, then you are bullied and turned into a second-class citizen by others. If you still think it is normal, then it is wrong.

Then if you think it is normal for our family to be poor, that is wrong.

So I often say that our education has a long way to go.

Oh, then you are all, wonderful people.

If you are willing to teach like Jason, it will be difficult.

Man, you see, I have been here for 20 years, but I still do our best.

We all work together.

OK, thanks cat.

Does cat have any others? Does anyone else want to share?

Also, I think it’s great to have free investment, because many people really want to learn, but the classes in that room are very expensive, and the teaching is not very good, and you have to spend a sum of money first, which you might earn more if you enter the market before.

Yes, and I also think that, well, for example, if you learn again and memorize the sect, and then other teachers want to collect money, then you will also want to collect money.

This teacher doesn’t charge me any money, and I can earn a lot. I think this is the state I want.

Yes, I think this is good.

Yes, thank you teacher.

This is how you talk to me.

I told him what we had said before, that is, you can make the most money for free, and you can make the most money for free. You must understand this sentence, you can make the most money for free, and you can make the most money for free.

It's actually because of you that I grow like this. Because you have you, I must grow.

Thank you also for letting me grow.

Because I have met too many people, and I have also encountered the questions you gave me or the information many people gave me, which made me think, because one advantage I have is that everyone will throw their problems to me.

Then I have to answer and think. This is the driving force for my growth. This is also the most free money I can make.

If you don’t do it for free and charge 100 US dollars every time you ask, you won’t grow.

How do you grow?

It won’t grow, right?

Then this person will not grow and will earn the most for free.

Also, don’t take investment education that requires payment. The effect is usually not good. If that person is so good, why does he still charge?

I can't even understand it.

If he is so rich, he should be free because he can make trillions in the market, so why should he charge?

I just don't understand.

This is very simple. Let me tell you, the most famous thing at that time in 2,000 was the reach band.

Then these people are all bankrupt. They make money from books, and then you will see that they will fail.

Yes, but he will also be very rich, but it can promote Bang c. I don’t know why, but it is like this. There seems to be a lot of it. In addition, when the teacher is talking about these things, many people can’t listen. Indeed, many people can’t listen. Then it’s normal that we can’t listen to the problem we want to think about.

Why?

Because usually the reason why you can't hear is your ears, your ears can't hear, and your heart can't reach your heart. Your heart is full of all kinds of postures, so it can't be filled in.

There is no such thing as NT$100 million. Because he didn't know him and made NT$100 million from investment, he couldn't listen to it.

So if you want to give birth to a person with a large life space, what is that person called?

But what the teacher just said has nothing to do with it. The problem is that you don’t need to know, because the teacher is teaching this thing. You don’t need to know these things. As long as you can do it and follow it, it will be fine. This is a very magical thing.

So why is it magical?

Because this kind of thing is the same as what Tiger is talking about.

Then you accidentally feel that you can definitely transfer. When you enter, your so-called life space is not big enough, and you cannot hear some words and details, and you will struggle very much.

This requires people to use life experience, so when you hear this method, suppose you have 1 million, you must try it with at least 50,000 yuan, throw it in and don't move, and then when you see the results after three years, will you be like our commemorative book?

Then you don’t study hard. Once you study hard and get results, it will change your mind and you will listen to what the teacher says.

If you don't do well in the exam at the beginning, I'm telling you, you won't listen to the teacher anymore. You definitely won't. You must see your own results, because that's the kind of person you are. Like the example I just heard, it means that he doesn't know how to use it. The money is not his, but the money was given to him, and he doesn't need to earn it. He has such a good life, and it's not easy to just put the money in.

The kind of person who earns the most lives is good. It's not good to earn the most lives. You can't earn it no matter how much you try. I'm sorry.

Many situations are like this, and life experience is like this, so there are indeed many students.

Ha, what people heard, and the teacher said at the beginning, was that the room was full of liars.

Haha, is it possible? This is actually happening.

Then I have been thinking about it, those people will never listen, how can I try to understand.

Oh, it will indeed be quite difficult.

Well, I'm still thinking of ways, so I'm still talking about what methods can be used to change these people?

In fact, this is really difficult, so whether you accept Guanyin or not, you have to accept one.

That would be great. I would be happy if you gave birth to me every day. This is also great for you. I think it is great.

Thank you Jin Ming.

If everyone buys this in, we won’t take it seriously if we don’t laugh at it. If no one makes fun of us, we really have to doubt what we are talking about, so it is normal for most people not to believe it. But do you want to turn on the mic for that song?

Hello.

Oh, hello, teacher.

Well, this is the first time I have heard a teacher speak in so many years.

Okay, let me first thank the teacher and all the moderators.

In fact, let me first talk about my own thoughts on this index investment, and share my background as a small and medium-sized enterprise in Taiwan.

Then I have been thinking about it. When I first heard the teacher, I was really struck by the impulse like the teacher said about stocks. But I don’t know the inherent reason, but I know that this direction must be right. But during this period, I have been thinking, then why and then everyone keeps thinking about the purpose of not selling this part of the index fund investment?

Let me tell you something, what I just mentioned is that my background is a small and medium-sized enterprise, but in fact, because of our lack of ability, we did not go overseas to set up a factory. That is, we just stayed in this part of Taiwan. Then, the operators' profits were slowly eroded, and in fact, they also gradually became a kind of rich second generation, which is a liability to the government.

Then I have been thinking about why people of our generation cannot make money in small and medium-sized enterprises, or actually some young people in Taiwan. Why even my father and I were able to make money at this time when they were developing in the early days?

Then I kept thinking about this.

During this period, I had my own thoughts, and I just wanted to share them with everyone, because I listened to them recently, and I felt that no one seemed to have talked about this point of view. Maybe if there were, I would bring it up to see if everyone can have some thoughts on this thing.

Let me challenge my parents, father and some other elders in small and medium-sized enterprises to a boss, and I asked them why?

How much money can you make?

Then, of course, they are very rich. When we were young, we were miserable and we all had to work hard.

Then I work 6 days a week, and then I don’t get off work until very late every day.

So can you young people now?

I was thinking in my heart, in fact, I am not. It does not mean that I cannot endure hardship, but no matter how hard I work and discuss how to work hard, I still cannot earn the wealth you have like you, so I will challenge them.

I said that I figured out some things later, so I just said it’s just four simple words, why can you make money?

It’s that you’re just going with the flow.

When Taiwan's economy took off, no matter what you did, you could easily get the wealth of your life. But now our world's factory is not in Taiwan, but factories are all over the world. So why do I say these four words?

Going with the times?

Later, I kept studying, thinking, and pondering, and asked why we can just follow the trend if we have already invested?

Because I wanted to say later, well, in fact, most of us just have an iPhone, and then go shopping at Costco, and then everyone has to use AI, and then Shopee is an Amazon.

So I discovered that these companies are what we call this thing in our world, so I really don’t know what the future will be like.

It may change, but I'm not that smart, but I believe there are many smart people who will create this thing.

Then I just follow this market and stay in this market. Then I think this can give me a comparison. Well, in fact, our ultimate goal is to fight to death without selling, and then be sustainable like the teacher, and then we can get a wealth growth from this part of the capital.

So I thought, in fact, when I was Qiao Lin, my elders, when they heard the words "follow the trend," they themselves pondered and thought about it, and he said yes, yes, but later I found out that he said it was very interesting that even if they already knew about it and I recommended it to them to buy this thing, they actually couldn't make the move.

Of course, the first one is because I am not familiar with it, and the second one is because I won’t really say it, because there are actually many elders in small and medium-sized enterprises in Taiwan, and they have not received a very good education.

Then they only know that they worked hard, so they got a fortune from their hard work. Some people have become very conceited, and some people have become very conservative, but they have no way to know about the changes in the entire world and the trend changes in the entire world.

When I gave them the message, in fact, they still couldn't accept it so easily, and they couldn't even do it. To be honest, it was just to put all the wealth they might have in their lives, and then put it all in. Whether this thing does come or not, it may be different for everyone, but this is just to say that during the whole process, I thought about it later and realized that it is actually just four words, just go with the flow. Probably the above are just some of my thoughts and sharing.

Well, thank you Xiang for your very good talk. I will add to Xiang’s message later.

That Liu Xin, Liu Naixin, thank you for your original intention to save all sentient beings, but instead you were saved by all sentient beings. Indeed, I feel this way.

Okay, thank you for your words.

Well, this AAL one said that Taiwan is very hard-working, and the graduation structure is very large, and this is also true.

Yes, yes, okay, let me tell you, that is, capitalism has an evil part, which is fairness and justice.

But evil, you have to understand it, so that you can not be harmed.

Let me start by saying that any change in wealth is a transformation. What Xiong is talking about is following the trend, which is actually a transformational benefit.

Transformation benefits, do you understand?

Transformation benefits, any transformation is a benefit, you have to see that transformation.

Alas, no see you.

If you want to see that transformation, then what is the so-called transformation in capitalism?

It’s destructive creation, it’s paradigm shift.

So in capitalism you have to see a paradigm shift.

What is paradigm shift?

In the early days of Taiwan, when they were young, they were making a transformation. When they were making a fortune through this transformation, it was very simple at that time. The farmland was turned into a factory, and the family was turned into a factory. This was very simple and easy for everyone to do.

For example, raising fish or buying textile equipment for the home. Like my mother, who set up two or three sewing machines at home; that was enough to transform the household and make a profit.

I gained nothing before, but then I turned my home into a factory and worked until 11 o'clock every day. In fact, I made quite a lot of money. At that time, transformation was the benefit of transformation. Everyone should pay attention to the benefit of transformation when investing. In the past, in the agricultural era or the light industry era, the benefit of transformation was relatively easy.

Oh, you open a noodle shop, open this small shop.

Oh, let’s talk about this. In the past, the most popular businesses in Taiwan were the traders. The businesses that had the most businesses in Taiwan were the traders. That one changed its purpose and focused on profits, and it became bigger and bigger.

You know big companies, capitalism, big companies are big, and when Walmart thinks about Pinduoduo Amo, things are so cheap and so convenient, sometimes it may not be cheap, but how can a small store that is convenient for your neighbors on the street become so popular?

It's hard.

What do you mean now?

I used to be in Taiwan, and then I opened a clothing store, a luxury goods store, well, I could change my mind.

There is nothing wrong now, everything has fallen into this category, so the first thing we should pay attention to when investing is to follow the trend as mentioned, that is, we must pay attention to the benefits of transformation. You must know the benefits of transformation. Is the camera about the benefits of transformation coming up?

You, have you come up?

I, I can recall this question like that one just now.

I just listened to Project Gang’s sharing, and I came up with an idea, because his problem is a big vs. small problem. His deputy position is paid a lot. This is a question of more vs. less. The big vs. small, the amount is different from the second generation. What will happen to price inflation?

That will change.

But people in the first generation already had a lot of feelings, because at that time everyone had no money, and as long as you had 1 million, it would be great. Now if you don’t have 10 million, it doesn’t seem like that.

Therefore, we need to understand what the trend is, and it is what everyone follows, because in this environment, the amount of money everyone makes may be fixed.

You go to work, and some people are very good at work, and they become CEOs.

Well, like Cao Xincheng.

Well, this money is earned by others, and it is definitely not earned by oneself. What one earns by oneself is one person's strength.

That's not enough. It's not enough. Just like what we are making now, you see, making 100,000 yuan from 10,000 yuan is a lot, right?

Ten times, right?

But if you have 100,000 yuan to 1 million yuan, it is also ten times, but the so-called amount is completely different. If you make ten times as much as someone who goes from 10,000 yuan to 100,000 yuan, he thinks it is a lot, but yours, your 10, your profit 10 times, and your bottom is the same, it will be completely different.

So this is also a question I have been studying recently, why is big equal to small?

If you look at them as big as we do, we will become smaller, so when your level is different, what you will see will be completely different.

So why is this thing so difficult?

Hey, above, good.

Thank you Jamie Howe.

In fact, the world is changing, so our elders used to buy houses to make money, but not anymore, and it is different now. I didn’t really buy houses to make money before, but not anymore.

That's called transformation. Going with the trend at that time, buying a house at that time, yes, but buying a house now is wrong.

But if that money can be used as an investment, then you see my father spent 1,000, hey, hey, hey, hey, this is 10 million to build one.

Oops, I don’t know if the villa can be sold for 30 million now. It’s almost 40 years, 35 years.

But if that 10 million is an investment, then add two zeros to 1 billion now. So everyone should know that it was not right before, it is right now.

Oh, this is also very important. Everyone must challenge it. Then you have to know that following the trend means that buying a house in the past was just an investment in real estate. Compared with China in the past 20 or 30 years, it is miserable now, right?

That’s not to say that there are no special cases in China. This is the same in every country. Every country has gone through the real estate and financial crisis, and Taiwan has also experienced it. So don’t think that every country can do this. It seems that we have been fighting this since we were young, and we will get this disease.

What disease?

It is natural for a city or a country to develop this and that. It is not surprising that it depends on how the government handles it so that it can survive the crisis.

It's the same for us personally. Just to put it another way, you have to observe whether my matter is changing. For example, in the past, it may have been right to invest in Knife Weight. Later, it was right to invest in SPY. Now, it is right to invest in Nasdaq. This is changing.

If someone who doesn't understand is still in the investment trap, then his return rate will be low, just like someone who sticks to real estate will be miserable now.

So if you want to understand, you have to go around. Is there anything else you would like to add?

In fact, I wanted to ask the teacher a question before. In fact, I think that there are so many coin-operated investments like rooms with low and high quality, but the teacher chose QQ. In fact, I think there should be a big chance to choose. Otherwise, in terms of rooms, it may be more stable with SMP 500.

In fact, there is another idea, that is, regarding what Jun Min just said, I have been thinking about it sometimes. In fact, I have my own ideas. In fact, I feel that sometimes we are in this era, and we are all products of the era.

Just like the teacher just said, in fact, after Germany's industrial development, we have been teaching children to be laborers.

Like our current generation, sometimes I have to teach children to do this so-called thinking ability that everyone is talking about.

But I later discovered that it would be too difficult for them, because we are all products of the era, and after this era, all transactions are in a stop-type manner, and our brains are only receiving information and not doing independent thinking. So in addition, when they go out to look for information now, all the information is the same and the talk is the same. When they are the same, everyone thinks it is correct, but they really can’t think about it, eh?

Does what he says make sense?

In fact, I want to talk to the next generation when I go to Six, saying that as long as you think independently, it doesn't matter whether what you think is right or wrong, but you slowly correct it, but you really don't think that some information found on Google when talking about the room is correct.

So as a product of the times, I sometimes think to myself, in the final analysis, whether the times create Apple, or Apple creates the times, I really don’t know about these. Later, I also felt that I don’t know the two, but I know that there must be some people who will be dissatisfied. It’s not that they are dissatisfied with the current situation, but that they want to create something and change the world. As long as they succeed, they will cause this.

But when they failed, many things fell apart.

So in fact, I also think that for me, in the end, I firmly believe that QQ investment is a very correct path, that is when I convince myself that there are actually some very powerful companies, these CEOs, they run, and then they create this thing, and then just get on this boat, just like the teacher said, get on this train, and then never get off.

Even if this thing changes today, I have no way to create it.

There must be other capitalisms like the United States, and then this kind of technology or software is created with ideas to benefit mankind.

As long as we have this thing, then I think our wealth is actually just like what the teacher said, it is really a talent, instead of forcing it, it is probably just a supplement.

And the teacher.

Thank you, Xiong Ha Lai. I think the first one is that in fact, some lands just can’t grow different things, so this is an environmental problem. Why is the United States so creative?

Oh, they are really creative. I have been in the United States for more than thirty years. It is so amazing.

Their system allows you to play freely, and there are no laws to restrict what you can't do.

Assuming that you are beneficial to mankind, like Yilong, he will keep pumping. When it comes to their government, their American government, at least one good thing about the United States is that it will not block the development of an enterprise. What needs to be changed is the government, not the enterprise. This makes me very surprised.

There is no doubt that the U.S. government is serving the people and businesses.

You have to know that if the US GE or other overseas bidding projects are not successful, the US government will come forward and they will not care about fairness and justice.

In the international arena, the interests of the United States are at risk, and this is correct.

After what Trump has said, every country must serve its own national interests. Is it wrong to still include China?

Of course it is right, so don’t wishfully think that like China or our traditional thinking, if you are good to others, they will be good to you?

No, you have to be kind to yourself. Also, I said there are some things in Taiwan that are like Taiwan. There are some countries in China that cannot grow something, and some things cannot grow.

I have been in the technology industry for so long, how come I don’t know the whole world?

Let me tell you, I was the first person to be afraid of making i.

At least I was the one who could demo and present it. At that time, Apple didn’t even know where it was. I didn’t know if iPad video was available inside it. At that time, Intel said it wanted to invest in me, but I said no.

Why?

Because that land cannot grow, and because you want to use iPad video, how do you get your video?

At that time YouTube, if you want to buy YouTube at a time, can you buy it?

The entire s has been bought, and you still want to buy someone else?

How do you license the eight major industries of your audio and video platform?

For example, Amo can always buy all the licensed movies. We have a way, but there is no other way. We are very well-off, so we can't do some industries.

There is also the problem of the system. Internet banking. In the United States, Internet banks are opened by IT people. In SQ, engineers open banks. Is it possible in Taiwan?

Of course not, so there are many, many, many. In fact, there is also the fact that traditional education cannot create, so I say that of course it is not impossible to change from our generation. Sometimes there is really no way to change. This culture of steel reduction cannot be changed, but you should not give answers to children, don’t just do this or that.

No answer.

My daughter means Dad, every time I ask you a question there is no answer.

Yes, why should I give you the answer?

I won’t have the answer, so even if a child asks me, he won’t have an answer.

You make your own decisions and take your own responsibility.

No more.

This is what we need to teach our children.

The same is true for Americans. You may want to fend for yourself.

Yes, but this is how you look good.

Jiahua customers will die if they go out. If you are alone for a day, the balcony will die, but as long as you keep planting on the balcony, you will not die.

Why do we need to go through the reminder process?

Okay, thank you, thank you all. I think we spent about seven or eight hours today, almost four hours, and this is also our longest class.

The first lesson is the longest, well, I think I should stop there.

That cat, do you want to end it and we can do it?

Okay, I’m really happy today because I had this class in the middle of my sleep years.

Then I wish you all that 2024 will be better, it will definitely be better, and then we will continue to go down together hand in hand, and then thank the teacher for continuing to accompany us, this is very important.

Thank you all. The classhouse will be closed tonight this week. See you next week.

Right, thank you, thank you, thank you, Wen Yanha.

It was quite hard for Wen Yan to help with the platform in China. Well, anyway, it’s because we are all volunteers and we are all great.

Okay, OK, we can wrap up.

Okay, thank you everyone. Friends who are here for the first time can click on the teacher's profile picture and join the teacher. The house will notify everyone when classes start in the future.

Then I would also like to thank Wen Yan for always being our best host, thank you, thank you Dana, thank you.

Everyone.

Thank you, okay, bye.