00696 2026 First Investment Lesson: A 1 Billion Yuan Investment Lecture, Chapter 3, May 7, 2026 (128kbit_AAC)

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Voice note: 00696 2026 First Investment Lesson, "A 1 Billion Yuan Investment Lecture," Chapter 3, May 7, 2026 (128kbit_AAC)

[0:00:00,000 – 0:00:07,320] Hello everyone, this is the CRC investment and financial management channel

[0:00:07,320 – 0:00:11,200] Today is May 7, 2026

[0:00:11,200 – 0:00:20,560] Today we are again talking about the First Investment Lesson, the 1 Billion Yuan Investment Lecture.

[0:00:20,560 – 0:00:22,560] Let’s talk about Chapter 3 today

[0:00:22,560 – 0:00:36,560] Before we start, let me let you look at the market going up today, which is pretty good.

[0:00:36,560 – 0:00:44,560]Look, this QQQ can rise by 2%

[0:00:44,560 – 0:00:48,560] It is quite rare for the index to rise by 2%

[0:00:48,560 – 0:00:52,560] So the market will keep going up.

[0:00:52,560 – 0:00:54,560]So everyone must know this

[0:00:54,560 – 0:00:56,560]Don’t hesitate

[0:00:56,560 – 0:01:00,560] To buy in the market, you need to buy immediately at the market price.

[0:01:00,560 – 0:01:03,560] Too many friends have been asking the teacher recently

[0:01:03,560 – 0:01:08,560] If it goes up now, I want to buy a leveraged fund. Should I wait until it goes down before buying?

[0:01:08,560 – 0:01:12,560]My asset allocation 433Am I in

[0:01:12,560 – 0:01:17,560] Or everyone knows that asset allocation is not so important

[0:01:17,560 – 0:01:19,560] Probably fine

[0:01:19,560 – 0:01:21,560] It’s very simple.

[0:01:21,560 – 0:01:23,560] There is no need to allocate leverage funds

[0:01:23,560 – 0:01:25,560]The point is to do it immediately

[0:01:25,560 – 0:01:29,560] If you have money, buy it immediately at the market price.

[0:01:29,560 – 0:01:31,560] Just buy it all in one transaction

[0:01:31,560 – 0:01:35,560]The point is to hold on no matter what and never sell.

[0:01:35,560 – 0:01:41,560] Let’s start first and everyone knows that you can’t wait in the current market.

[0:01:41,560 – 0:01:43,560]Okay

[0:01:43,560 – 0:01:47,560]This is our third chapter

[0:01:47,560 – 0:01:52,560]The focus of Chapter 3 is that what we are going to talk about today is asset allocation.

[0:01:52,560 – 0:01:55,560] Asset Allocation Cash is Air

[0:01:55,560 – 0:01:58,560] So you’ve been hesitant to buy it.

[0:01:58,560 – 0:02:00,560] You might as well keep enough cash

[0:02:00,560 – 0:02:02,560] Which cash position do you think is safe?

[0:02:02,560 – 0:02:05,560] The rest is just to buy at the market price immediately.

[0:02:05,560 – 0:02:08,560] So asset allocation

[0:02:08,560 – 0:02:11,560] Actually, it’s embellishment. It’s embellishment.

[0:02:11,560 – 0:02:17,560]The point is that you probably have the right asset allocation and then get on with it.

[0:02:17,560 – 0:02:19,560]That’s it

[0:02:19,560 – 0:02:25,560] Then we have been along the way from the public start of classes in 2018 to now

[0:02:25,560 – 0:02:28,560] They all buy at the market price immediately when they see it

[0:02:28,560 – 0:02:33,560] Then if you want to divide the rest, that’s your own business.

[0:02:33,560 – 0:02:34,560] Then

[0:02:34,560 – 0:02:37,560]Of course you think it would be more comfortable to do it in batches

[0:02:37,560 – 0:02:40,560]But the performance of batching is relatively poor

[0:02:40,560 – 0:02:44,560] It has been academically proven

[0:02:44,560 – 0:02:47,560]The point is not the batch

[0:02:47,560 – 0:02:50,560]The focus should be to make a single purchase immediately at the market price

[0:02:50,560 – 0:02:56,560] Then you just said that if you want to buy, you should buy it immediately.

[0:02:56,560 – 0:02:59,560] The rest, if you are worried about market fluctuations

[0:02:59,560 – 0:03:01,560] Just keep the cash

[0:03:01,560 – 0:03:02,560]That’s it

[0:03:02,560 – 0:03:04,560] Asset allocation

[0:03:04,560 – 0:03:08,560]The most important thing is why asset allocation is necessary

[0:03:08,560 – 0:03:11,560]The most important thing in asset allocation is to stay alive

[0:03:11,560 – 0:03:13,560] That means the market

[0:03:13,560 – 0:03:15,560]You have to think about one thing every day

[0:03:15,560 – 0:03:24,560] That is, the market will fall by 80% tomorrow, fall by 20% or the market will halve tomorrow.

[0:03:24,560 – 0:03:33,560] Or suddenly someone launches a nuclear bomb on this earth

[0:03:33,560 – 0:03:38,560] Suddenly the whole market stopped

[0:03:38,560 – 0:03:42,560] Then this accident will arrive earlier than tomorrow

[0:03:42,560 – 0:03:47,560] And today I saw an email

[0:03:47,560 – 0:03:53,560] I have a friend whose dad had a stroke yesterday.

[0:03:53,560 – 0:03:59,560]Then the brain is a stroke

[0:03:59,560 – 0:04:05,560] Later the doctor said that the aorta might need a stent.

[0:04:05,560 – 0:04:09,560] That’s about NT$1 million

[0:04:09,560 – 0:04:12,560] Then if you don’t have cash

[0:04:12,560 – 0:04:13,560]What do you do?

[0:04:13,560 – 0:04:16,560] Then if the market goes down again

[0:04:16,560 – 0:04:18,560]What do you do

[0:04:18,560 – 0:04:20,560]If you market

[0:04:20,560 – 0:04:24,560]You have an accident and need some money

[0:04:24,560 – 0:04:26,560] And the market is going up right now.

[0:04:26,560 – 0:04:30,560] Then you might be able to borrow money as a pledge

[0:04:30,560 – 0:04:32,560] Then if the market happens to drop by 80% now

[0:04:32,560 – 0:04:34,560] Then you came unexpectedly again

[0:04:34,560 – 0:04:36,560] Then you didn’t leave any cash

[0:04:36,560 – 0:04:37,560]What do you do?

[0:04:37,560 – 0:04:44,560] So why do I keep telling you so earnestly?

[0:04:44,560 – 0:04:46,560]You must keep enough cash

[0:04:46,560 – 0:04:51,560]Because you don’t know which one will come first, the accident or tomorrow.

[0:04:51,560 – 0:04:53,560]Many people can talk about it

[0:04:53,560 – 0:04:55,560] Keeping cash is not efficient.

[0:04:55,560 – 0:04:57,560]Me too

[0:04:57,560 – 0:05:03,560]But you want to spend it smoothly

[0:05:03,560 – 0:05:07,560]We still need to speed up.

[0:05:07,560 – 0:05:10,560] risking a car accident

[0:05:10,560 – 0:05:14,560] Or the risk that the whole ship might sink.

[0:05:14,560 – 0:05:24,560] I think everyone should design their asset allocation safely to reach their destination.

[0:05:25,560 – 0:05:28,560]There are often people who want to ask the teacher

[0:05:28,560 – 0:05:30,560] Is it okay for me to allocate assets like this?

[0:05:30,560 – 0:05:32,560] Can I allocate assets like that?

[0:05:32,560 – 0:05:35,560]In fact, asset allocation is quite personal.

[0:05:35,560 – 0:05:38,560] Let us tell you that this is about it

[0:05:38,560 – 0:05:41,560]But I can only tell you

[0:05:41,560 – 0:05:43,560]This pepper is very spicy.

[0:05:43,560 – 0:05:46,560] Then this vinegar is a bit sour.

[0:05:46,560 – 0:05:48,560]This candy is sweet

[0:05:48,560 – 0:05:51,560] Then this salt is salty

[0:05:51,560 – 0:05:55,560]That soy sauce is fragrant and salty

[0:05:55,560 – 0:05:57,560] etc.

[0:05:57,560 – 0:05:59,560]How much do you want to add?

[0:05:59,560 – 0:06:01,560]Everyone is different.

[0:06:01,560 – 0:06:03,560]So I can give you a general idea of your asset allocation.

[0:06:03,560 – 0:06:05,560] Which indices

[0:06:05,560 – 0:06:08,560] What is its growth rate?

[0:06:08,560 – 0:06:14,560] What is the dividend settlement rate of QQQI

[0:06:14,560 – 0:06:22,560]That cash is the central bank’s overnight interest rate

[0:06:22,560 – 0:06:32,560] Then QQQ annualized return of growth rate is about 12 to 15%

[0:06:32,560 – 0:06:41,560] QQQThis dividend is almost 1% a month

[0:06:41,560 – 0:06:43,560]That’s it

[0:06:43,560 – 0:06:45,560] So probably

[0:06:45,560 – 0:06:48,560]Then you start because of these seasonings

[0:06:48,560 – 0:06:50,560]Because these entrées and sides

[0:06:50,560 – 0:06:52,560] Then you can match it yourself

[0:06:52,560 – 0:06:54,560] Match what you need

[0:06:54,560 – 0:06:57,560] So everyone’s asset allocation is different.

[0:06:57,560 – 0:07:02,560]You shouldn’t ask what asset allocation you want

[0:07:02,560 – 0:07:05,560] Just like when you eat beef noodles

[0:07:05,560 – 0:07:06,560]You eat noodles

[0:07:06,560 – 0:07:09,560]You’re not going to ask me

[0:07:09,560 – 0:07:11,560]Teacher, how much chili should I add?

[0:07:11,560 – 0:07:13,560] If you want to be more jealous, please help me

[0:07:13,560 – 0:07:16,560] Add pepper for me

[0:07:16,560 – 0:07:17,560]No way

[0:07:17,560 – 0:07:21,560]So you want me to help you with asset allocation

[0:07:21,560 – 0:07:25,560] I shouldn’t have done it for you

[0:07:25,560 – 0:07:31,560] Because you need to know the function of each seasoning

[0:07:31,560 – 0:07:34,560] Then you have to prepare it yourself

[0:07:34,560 – 0:07:39,560]We are going to talk about two asset allocations here

[0:07:39,560 – 0:07:42,560]One is the asset allocation of people who are still working

[0:07:42,560 – 0:07:46,560]Also retired people who need cash flow asset allocation

[0:07:46,560 – 0:07:48,560] So about today

[0:07:48,560 – 0:07:54,560]I won’t make hundreds of videos like we did in the past

[0:07:54,560 – 0:07:57,560] Talking about investment and financial management asset allocation

[0:07:57,560 – 0:07:58,560] Leveraged funds

[0:07:58,560 – 0:07:59,560]What else is smart?

[0:07:59,560 – 0:08:00,560] None of this

[0:08:00,560 – 0:08:04,560]Because it’s too complicated

[0:08:04,560 – 0:08:07,560] Most people don’t need

[0:08:07,560 – 0:08:09,560] Most people don’t need

[0:08:09,560 – 0:08:12,560] If you want to know more

[0:08:12,560 – 0:08:14,560]Of course you can learn it yourself

[0:08:14,560 – 0:08:16,560] Otherwise

[0:08:16,560 – 0:08:21,560] Today’s asset allocation should be suitable for 99.99% of people

[0:08:21,560 – 0:08:23,560] It can be very simple

[0:08:23,560 – 0:08:27,560] The blur is correct and it can be used

[0:08:27,560 – 0:08:33,560] I hope simplicity is the right answer

[0:08:34,560 – 0:08:37,560]Our life shouldn’t be too complicated

[0:08:37,560 – 0:08:40,560] You don’t have to make anything too complicated

[0:08:40,560 – 0:08:41,560]Don’t worry

[0:08:41,560 – 0:08:43,560]Don’t worry

[0:08:43,560 – 0:08:49,560] Then don’t think about what’s going to happen an hour in the future.

[0:08:49,560 – 0:08:53,560] Let go of what has happened in the past

[0:08:53,560 – 0:08:57,560] There are more recent ones

[0:08:57,560 – 0:09:01,560] There are some wives who invest

[0:09:01,560 – 0:09:07,560]The gentleman was very angry when he found out

[0:09:07,560 – 0:09:09,560] Also filed for divorce

[0:09:09,560 – 0:09:12,560]This is not good

[0:09:12,560 – 0:09:16,560] If you find out that your husband or your spouse

[0:09:16,560 – 0:09:18,560] Or your parents

[0:09:18,560 – 0:09:22,560] very responsive to your investment

[0:09:22,560 – 0:09:26,560]Then one thing you have to do is

[0:09:26,560 – 0:09:29,560] Stop talking to him about investing.

[0:09:29,560 – 0:09:31,560]The second thing is

[0:09:31,560 – 0:09:34,560] If he says you want to sell now

[0:09:34,560 – 0:09:37,560] For example, when the market crashed in March

[0:09:37,560 – 0:09:40,560]Of course those who don’t agree with your investment will call you

[0:09:40,560 – 0:09:42,560]Sell it now

[0:09:42,560 – 0:09:44,560] If you don’t sell, I will divorce you.

[0:09:44,560 – 0:09:50,560]Your only answer is not to argue with him

[0:09:50,560 – 0:09:53,560] We tell you not to argue

[0:09:53,560 – 0:09:54,560] Just say

[0:09:54,560 – 0:09:55,560]Okay okay

[0:09:55,560 – 0:09:57,560]I will do

[0:09:58,560 – 0:10:01,560] Then let’s decide whether you do it or not.

[0:10:01,560 – 0:10:06,560] You have to say yes verbally and superficially

[0:10:06,560 – 0:10:08,560]You’re right

[0:10:08,560 – 0:10:10,560]That’s it

[0:10:10,560 – 0:10:13,560]That’s because he can’t see your account.

[0:10:13,560 – 0:10:16,560]So he thinks it will be fine if you just listen to him

[0:10:16,560 – 0:10:20,560] Wait until you have hundreds of millions of assets

[0:10:20,560 – 0:10:23,560]I don’t think he will ask you for divorce again.

[0:10:23,560 – 0:10:25,560] So

[0:10:25,560 – 0:10:27,560] Sometimes don’t have conflicts

[0:10:27,560 – 0:10:30,560]Don’t always be in front of him trying to teach him

[0:10:30,560 – 0:10:33,560] Or want to change him

[0:10:33,560 – 0:10:35,560] It’s not easy

[0:10:35,560 – 0:10:37,560]So

[0:10:37,560 – 0:10:40,560] That fixed thinking

[0:10:40,560 – 0:10:42,560] Are you going to change him?

[0:10:42,560 – 0:10:44,560]No need

[0:10:44,560 – 0:10:46,560]We don’t want to change others

[0:10:46,560 – 0:10:47,560] Just do your thing

[0:10:47,560 – 0:10:52,560] Sometimes I even say that couples should have some thoughts

[0:10:52,560 – 0:10:55,560]But if you think about him, he will start to get angry

[0:10:55,560 – 0:10:57,560] Then start preparing for divorce

[0:10:57,560 – 0:10:58,560]Then don’t

[0:10:58,560 – 0:11:01,560] Then avoid this

[0:11:01,560 – 0:11:03,560] Avoiding conflict is important

[0:11:03,560 – 0:11:04,560] Avoid conflict

[0:11:04,560 – 0:11:05,560] Then just say yes

[0:11:05,560 – 0:11:06,560] Agreed

[0:11:06,560 – 0:11:07,560]You’re right

[0:11:07,560 – 0:11:10,560]That’s it

[0:11:10,560 – 0:11:14,560]Sometimes it’s better to just show off.

[0:11:14,560 – 0:11:16,560]Sometimes some parents say

[0:11:16,560 – 0:11:17,560] Oops

[0:11:17,560 – 0:11:21,560]I’m worried about you taking out credit or a mortgage to invest.

[0:11:21,560 – 0:11:23,560]The worries of the elders

[0:11:23,560 – 0:11:26,560]You have to know that he is really worried

[0:11:26,560 – 0:11:28,560]So

[0:11:28,560 – 0:11:30,560] You can borrow money to invest

[0:11:30,560 – 0:11:34,560]But you still have to talk to him on the surface

[0:11:34,560 – 0:11:35,560]Okay, that’s right.

[0:11:35,560 – 0:11:37,560]I will be careful

[0:11:37,560 – 0:11:39,560] Then maybe I won’t borrow it

[0:11:39,560 – 0:11:41,560] Then you actually borrowed it

[0:11:41,560 – 0:11:45,560] I just want to make my parents feel at ease.

[0:11:45,560 – 0:11:50,560]Don’t keep forcing him to accept your ideas

[0:11:51,560 – 0:11:53,560]Okay

[0:11:53,560 – 0:11:55,560]Disclaimer

[0:11:55,560 – 0:11:58,560] None of us are professional investment advisors

[0:11:58,560 – 0:12:00,560]Not a professional tax person either

[0:12:00,560 – 0:12:05,560] All investments have the potential to be lost due to short-term fluctuations

[0:12:05,560 – 0:12:06,560]Everyone must understand

[0:12:06,560 – 0:12:08,560]Learn by yourself

[0:12:08,560 – 0:12:09,560] Decide for yourself

[0:12:09,560 – 0:12:11,560] Take responsibility for yourself

[0:12:11,560 – 0:12:12,560]Okay

[0:12:12,560 – 0:12:16,560]The cash we are talking about here is air

[0:12:16,560 – 0:12:17,560] Invest to stay alive

[0:12:17,560 – 0:12:20,560] So no matter what your asset allocation is

[0:12:20,560 – 0:12:21,560]You must have cash

[0:12:21,560 – 0:12:23,560]Cash must be

[0:12:23,560 – 0:12:25,560] Because the next second

[0:12:25,560 – 0:12:29,560] You may need 1 million in medical expenses

[0:12:29,560 – 0:12:31,560]So I’m still working

[0:12:31,560 – 0:12:33,560] Because you might still be young

[0:12:33,560 – 0:12:36,560] Maybe mom and dad too

[0:12:36,560 – 0:12:41,560] Then you can keep half to one year’s living expenses

[0:12:41,560 – 0:12:46,560]Buy everything else immediately QQQ

[0:12:46,560 – 0:12:48,560]Taiwan is 0066

[0:12:48,560 – 0:12:50,560]China is 513100

[0:12:50,560 – 0:12:53,560] Recently many friends from China came to talk

[0:12:53,560 – 0:12:55,560] There are problems both on and off the court.

[0:12:55,560 – 0:12:57,560] Let me say it again

[0:12:57,560 – 0:12:59,560]You’d better buy on the floor

[0:12:59,560 – 0:13:01,560] It doesn’t matter if there is negotiation in the venue

[0:13:01,560 – 0:13:03,560]Don’t ask about price negotiation again

[0:13:03,560 – 0:13:04,560] Okay?

[0:13:04,560 – 0:13:06,560] Ignore the price negotiation

[0:13:06,560 – 0:13:09,560] You negotiate the price and buy it immediately at the market price.

[0:13:09,560 – 0:13:11,560] He may negotiate for his whole life

[0:13:11,560 – 0:13:13,560] The price will be negotiated in the 20s and 20s.

[0:13:13,560 – 0:13:15,560]You didn’t buy it just to negotiate the price.

[0:13:15,560 – 0:13:17,560] Then it keeps going up

[0:13:17,560 – 0:13:19,560] You won’t buy it just to negotiate 10%.

[0:13:19,560 – 0:13:21,560] Finally it doubled.

[0:13:21,560 – 0:13:24,560]You’re still waiting for the price to be reduced

[0:13:24,560 – 0:13:25,560]There’s no other way

[0:13:25,560 – 0:13:27,560] Negotiate 10%

[0:13:27,560 – 0:13:31,560] But he always negotiates a 100% increase in the market price

[0:13:31,560 – 0:13:33,560]You also make 100%

[0:13:33,560 – 0:13:37,560] Negotiation has nothing to do with profit

[0:13:37,560 – 0:13:40,560]Don’t lose big for small things

[0:13:40,560 – 0:13:42,560]That’s weird for some people

[0:13:42,560 – 0:13:45,560] There are always domestic price negotiations

[0:13:45,560 – 0:13:47,560]Then should I go to Hong Kong?

[0:13:49,560 – 0:13:50,560]No more

[0:13:50,560 – 0:13:52,560]You can even negotiate small things

[0:13:52,560 – 0:13:55,560]You are not willing to overcome it

[0:13:55,560 – 0:13:57,560]Why would you go to Hong Kong?

[0:13:58,560 – 0:14:00,560]Taiwanese speaking

[0:14:03,560 – 0:14:05,560]It’s a waste of money

[0:14:05,560 – 0:14:08,560]It’s just unnecessary

[0:14:09,560 – 0:14:12,560]There are also people who say teacher

[0:14:12,560 – 0:14:15,560] That this this this

[0:14:15,560 – 0:14:18,560] No transaction fees over the counter

[0:14:18,560 – 0:14:20,560] There are transaction fees on the floor

[0:14:20,560 – 0:14:23,560] Am I buying on-market or off-market?

[0:14:23,560 – 0:14:26,560] There is a limit for those outside the venue

[0:14:26,560 – 0:14:28,560] Then whatever you want is good

[0:14:28,560 – 0:14:29,560] It’s good to have another horse

[0:14:29,560 – 0:14:31,560] I want the horse not to eat grass again

[0:14:31,560 – 0:14:32,560]How is that possible?

[0:14:32,560 – 0:14:33,560] Then say it

[0:14:33,560 – 0:14:37,560]I really care about the handling fee.

[0:14:37,560 – 0:14:39,560]Should I open an account in Hong Kong?

[0:14:39,560 – 0:14:40,560]Look

[0:14:40,560 – 0:14:44,560]This is just unclear.

[0:14:44,560 – 0:14:46,560]My head is unclear

[0:14:46,560 – 0:14:49,560]This is for a small fee

[0:14:49,560 – 0:14:51,560] Going to Hong Kong to open an account

[0:14:51,560 – 0:14:52,560]You don’t feel

[0:14:52,560 – 0:14:55,560]What on earth are going on in these people’s heads?

[0:14:55,560 – 0:14:59,560]So everyone should remember that life is not that complicated

[0:14:59,560 – 0:15:01,560]Investment is not that simple either

[0:15:01,560 – 0:15:03,560] is the best answer

[0:15:03,560 – 0:15:06,560]If you have something

[0:15:06,560 – 0:15:10,560]You are in China or you are in Taiwan

[0:15:10,560 – 0:15:12,560] Then you buy it

[0:15:12,560 – 0:15:15,560]What kind of buying is the most convenient?

[0:15:15,560 – 0:15:17,560] Whichever way you buy it

[0:15:17,560 – 0:15:21,560]Don’t think about fees

[0:15:21,560 – 0:15:23,560]That’s not worth your consideration

[0:15:23,560 – 0:15:27,560] is what can be purchased at the immediate market price

[0:15:27,560 – 0:15:29,560]That’s right

[0:15:29,560 – 0:15:31,560] So we do everything

[0:15:31,560 – 0:15:33,560] Buying and selling are the same.

[0:15:33,560 – 0:15:34,560] Immediate market price

[0:15:34,560 – 0:15:36,560]Buy

[0:15:36,560 – 0:15:39,560] The same goes for selling your house.

[0:15:39,560 – 0:15:40,560]Sell at market price immediately

[0:15:40,560 – 0:15:42,560] If someone offers you, sell it

[0:15:42,560 – 0:15:43,560] It’s that simple

[0:15:43,560 – 0:15:46,560] Then you say that I will be grateful for 20%

[0:15:46,560 – 0:15:49,560] Thanks to 20%, it’s 20%

[0:15:49,560 – 0:15:51,560]Look at the market going up

[0:15:51,560 – 0:15:54,560] It increased by 20% in one month

[0:15:54,560 – 0:15:55,560] Right?

[0:15:55,560 – 0:15:58,560] So the more you care about

[0:15:58,560 – 0:16:00,560]The more you lose

[0:16:00,560 – 0:16:01,560]No matter in life

[0:16:01,560 – 0:16:03,560] Or investing

[0:16:03,560 – 0:16:05,560]The more you think about it, the more

[0:16:05,560 – 0:16:07,560] Definitely a failure

[0:16:07,560 – 0:16:09,560] Absolutely wrong

[0:16:09,560 – 0:16:11,560] Let me tell you something

[0:16:11,560 – 0:16:13,560]Life is not that difficult

[0:16:13,560 – 0:16:17,560] Let go of all the things you have.

[0:16:17,560 – 0:16:19,560] If you have to sacrifice, sacrifice

[0:16:19,560 – 0:16:23,560] The more you suffer the more

[0:16:23,560 – 0:16:25,560]The more advantage you get

[0:16:25,560 – 0:16:31,560]This will definitely give you half a day’s leisure in your life

[0:16:31,560 – 0:16:34,560]For example, I should save money

[0:16:34,560 – 0:16:36,560] Still have to spend a little more money

[0:16:36,560 – 0:16:40,560] Let me reach my destination very conveniently

[0:16:40,560 – 0:16:44,560]Then I have to worry about the cost of the hotel

[0:16:44,560 – 0:16:48,560] Then I can take a look and adjust it.

[0:16:48,560 – 0:16:50,560]Can save NT$1,000

[0:16:50,560 – 0:16:52,560]No need

[0:16:52,560 – 0:16:54,560] That’s all giving you a headache.

[0:16:54,560 – 0:16:55,560] It’s a headache

[0:16:55,560 – 0:16:58,560] Just your cells will die a lot

[0:16:58,560 – 0:17:00,560]Your toxin is here

[0:17:00,560 – 0:17:02,560]The pressure is on

[0:17:02,560 – 0:17:06,560]The gain outweighs the loss.

[0:17:06,560 – 0:17:09,560]So use money to buy happiness

[0:17:09,560 – 0:17:11,560]Use money to buy time

[0:17:11,560 – 0:17:14,560] Then use money to relieve stress

[0:17:14,560 – 0:17:18,560]This is what our wealthy minds do

[0:17:18,560 – 0:17:20,560]So don’t worry about anything

[0:17:20,560 – 0:17:22,560] Investment transaction fees

[0:17:22,560 – 0:17:24,560]What to invest in

[0:17:24,560 – 0:17:26,560]I don’t even know why I care about it

[0:17:26,560 – 0:17:29,560]Things like transaction fees and price negotiation

[0:17:29,560 – 0:17:34,560] The transaction fee is only 0.5% at most.

[0:17:34,560 – 0:17:36,560] Oops

[0:17:36,560 – 0:17:38,560] People who want to make tens of billions

[0:17:38,560 – 0:17:43,560]Why are you fussing over something worth tens of dollars?

[0:17:43,560 – 0:17:46,560]We must cultivate rich minds

[0:17:46,560 – 0:17:47,560] Do you understand?

[0:17:47,560 – 0:17:51,560]In our channel

[0:17:51,560 – 0:17:54,560] Millions are small numbers.

[0:17:54,560 – 0:17:56,560]Don’t worry about it

[0:17:56,560 – 0:17:58,560] Because you’ll have a billion

[0:17:58,560 – 0:18:00,560] Now we’re talking about a billion

[0:18:00,560 – 0:18:01,560] Everyone did it

[0:18:01,560 – 0:18:03,560] Come again for a while

[0:18:03,560 – 0:18:08,560] You will see that the lecture notes I gave are worth 10 billion

[0:18:08,560 – 0:18:12,560] You don’t want me to talk about investments worth 10 billion

[0:18:12,560 – 0:18:13,560] During the first class

[0:18:13,560 – 0:18:18,560]You are still worrying about those few thousand Taiwan dollars.

[0:18:18,560 – 0:18:19,560] Okay

[0:18:19,560 – 0:18:20,560]No more

[0:18:20,560 – 0:18:24,560] Live a happy life

[0:18:24,560 – 0:18:28,560] To live a stress-free life

[0:18:28,560 – 0:18:30,560]Okay

[0:18:30,560 – 0:18:31,560] So people at work

[0:18:31,560 – 0:18:34,560] That’s six months to one year’s living expenses

[0:18:34,560 – 0:18:36,560] The area is immediately bought at market price

[0:18:36,560 – 0:18:39,560]People who have retired

[0:18:39,560 – 0:18:42,560] Unless you look at you

[0:18:42,560 – 0:18:44,560]You see, you want to invest in high dividends

[0:18:44,560 – 0:18:46,560] Or you don’t have to invest in high dividends

[0:18:46,560 – 0:18:47,560] No matter what

[0:18:47,560 – 0:18:49,560] Your asset allocation should be 20%

[0:18:49,560 – 0:18:51,560] 20% to 30%

[0:18:51,560 – 0:18:53,560] is in the cash position

[0:18:53,560 – 0:18:55,560]I will explain it later

[0:18:55,560 – 0:18:59,560]You don’t understand retirement asset allocation here.

[0:18:59,560 – 0:19:02,560]I will explain to you later

[0:19:02,560 – 0:19:07,560]Many people will come and ask the teacher whether I want to do it individually or in batches

[0:19:07,560 – 0:19:10,560] So here I say single transaction in batches

[0:19:10,560 – 0:19:12,560]That’s not the point

[0:19:12,560 – 0:19:15,560] It should be a single immediate market price purchase

[0:19:15,560 – 0:19:18,560]The key is asset allocation

[0:19:18,560 – 0:19:21,560] Then the asset allocation is also vague and correct.

[0:19:21,560 – 0:19:23,560]The key is to keep enough cash

[0:19:23,560 – 0:19:25,560]This is the key point to grasp

[0:19:25,560 – 0:19:26,560] Key points to grasp

[0:19:26,560 – 0:19:27,560] Do you understand?

[0:19:27,560 – 0:19:29,560]This is what I’m telling you

[0:19:29,560 – 0:19:30,560] OK

[0:19:30,560 – 0:19:32,560] Key points to grasp

[0:19:32,560 – 0:19:37,560]A single investment is important

[0:19:37,560 – 0:19:42,560] Asset allocation is vaguely correct

[0:19:42,560 – 0:19:46,560]Keeping cash is a top priority

[0:19:46,560 – 0:19:47,560] OK

[0:19:47,560 – 0:19:48,560]Okay

[0:19:48,560 – 0:19:50,560]Our investment should be simple

[0:19:50,560 – 0:19:52,560]After you have done your asset allocation

[0:19:52,560 – 0:19:56,560] It is a single market price purchase

[0:19:56,560 – 0:20:03,560] Single market price purchase

[0:20:03,560 – 0:20:07,560] So

[0:20:07,560 – 0:20:12,560]I usually invest in buying

[0:20:12,560 – 0:20:14,560] Buy one piece

[0:20:14,560 – 0:20:16,560] is to buy immediately at the market price

[0:20:17,560 – 0:20:21,560]I didn’t know there was so much need to struggle

[0:20:21,560 – 0:20:25,560] So don’t ask about single transactions or batches now.

[0:20:25,560 – 0:20:28,560] A lot of people have been scolded by me recently.

[0:20:28,560 – 0:20:32,560] That is to say, you ask me whether it is a single transaction or in batches

[0:20:32,560 – 0:20:36,560]Teacher, I want to wait for the price to fall before buying.

[0:20:36,560 – 0:20:37,560]I’ll follow you

[0:20:37,560 – 0:20:39,560]I’ll kick you back

[0:20:39,560 – 0:20:41,560]Watch our video

[0:20:41,560 – 0:20:43,560] After watching a thousand videos

[0:20:43,560 – 0:20:45,560] Let’s ask this question again

[0:20:45,560 – 0:20:48,560] There are people who come to teach you

[0:20:48,560 – 0:20:50,560]Are you not worried about this in the United States?

[0:20:50,560 – 0:20:54,560]Is this sub-prime debt or deficit problem?

[0:20:54,560 – 0:20:58,560]Teacher, there is still a war in the Middle East

[0:20:58,560 – 0:21:02,560]Teacher, should I wait for the price to drop?

[0:21:02,560 – 0:21:03,560] It’s higher now

[0:21:03,560 – 0:21:06,560] I want to wait until the price drops before buying leveraged funds

[0:21:06,560 – 0:21:08,560]I want to configure 433

[0:21:08,560 – 0:21:10,560] I’m 40% bought in

[0:21:10,560 – 0:21:12,560] My 30% leveraged fund

[0:21:12,560 – 0:21:15,560]Should we wait until the price drops before buying?

[0:21:15,560 – 0:21:19,560] People like you asking such idiotic questions

[0:21:19,560 – 0:21:21,560]I’ll kick you back

[0:21:21,560 – 0:21:22,560] Let me tell you

[0:21:22,560 – 0:21:26,560] Just don’t mistake stupidity for fun

[0:21:26,560 – 0:21:27,560] Do you understand?

[0:21:27,560 – 0:21:30,560]Don’t mistake stupid questions for fun

[0:21:30,560 – 0:21:31,560] Do you understand?

[0:21:31,560 – 0:21:36,560]If you don’t do your own research

[0:21:36,560 – 0:21:38,560] Then you should take advantage of our value

[0:21:38,560 – 0:21:40,560] That concludes the 1 Billion Yuan Investment Lecture

[0:21:40,560 – 0:21:43,560] Do it this simple way

[0:21:43,560 – 0:21:45,560]You don’t have to learn anything

[0:21:45,560 – 0:21:48,560]You gave a billion-dollar investment lecture

[0:21:48,560 – 0:21:51,560] It’s easy to read and follow the instructions

[0:21:51,560 – 0:21:53,560]Don’t worry about the market.

[0:21:53,560 – 0:21:55,560]It has nothing to do with us

[0:21:55,560 – 0:21:57,560]It has nothing to do with us

[0:21:57,560 – 0:21:59,560] Do you understand?

[0:21:59,560 – 0:22:01,560]Okay

[0:22:01,560 – 0:22:04,560] Let’s get into asset allocation

[0:22:04,560 – 0:22:06,560] Retired

[0:22:06,560 – 0:22:08,560] And you have enough assets

[0:22:08,560 – 0:22:14,560] Let’s say your assets are 50 times your annual expenses.

[0:22:14,560 – 0:22:17,560] That means you need 100,000 a year

[0:22:17,560 – 0:22:19,560] Then you have 5 million

[0:22:19,560 – 0:22:22,560] You can use 2% of that 5 million every year

[0:22:22,560 – 0:22:23,560] 5 million 2%

[0:22:23,560 – 0:22:27,560] Then your withdrawal rate is 2%

[0:22:27,560 – 0:22:30,560] Then if you want 150,000 a year

[0:22:30,560 – 0:22:32,560] Then your 5 million

[0:22:32,560 – 0:22:34,560] Then you have to withdraw 150,000 a year

[0:22:34,560 – 0:22:36,560] Then your withdrawal rate is 3%

[0:22:36,560 – 0:22:39,560] That’s 5 million times 3%

[0:22:39,560 – 0:22:41,560] That’s 150,000

[0:22:41,560 – 0:22:43,560]The withdrawal rate is like this

[0:22:43,560 – 0:22:46,560]Only people with enough assets

[0:22:46,560 – 0:22:50,560] That is, the assets are almost 50 times

[0:22:50,560 – 0:22:53,560] or 33 times the annual expenses

[0:22:53,560 – 0:22:56,560] Then use the following asset allocation

[0:22:56,560 – 0:22:59,560]That is, you have to withdraw 2% every month

[0:22:59,560 – 0:23:04,560] Then your asset allocation is 80% QQQ

[0:23:04,560 – 0:23:06,560]Taiwan is 00662

[0:23:06,560 – 0:23:09,560]China is 513100

[0:23:09,560 – 0:23:12,560] Australia, Europe, Canada

[0:23:12,560 – 0:23:15,560]You can find out if you have your own

[0:23:15,560 – 0:23:20,560]The other 20% is to keep cash

[0:23:20,560 – 0:23:23,560] Of course the cash is placed in short-term bonds

[0:23:23,560 – 0:23:25,560] Or money market funds

[0:23:25,560 – 0:23:26,560]Don’t ask again

[0:23:26,560 – 0:23:30,560]Teacher, can I buy high dividends with cash?

[0:23:30,560 – 0:23:32,560] Cash is cash

[0:23:32,560 – 0:23:34,560]Don’t be too smart

[0:23:34,560 – 0:23:36,560] Go buy high dividend

[0:23:36,560 – 0:23:40,560]That cash in the United States is BOXX

[0:23:40,560 – 0:23:42,560] Or SGOV

[0:23:42,560 – 0:23:46,560] Or there is SWVXX

[0:23:46,560 – 0:23:48,560] That’s less popular

[0:23:48,560 – 0:23:53,560] Talents who need to increase their assets through stock pledge need to use

[0:23:53,560 – 0:23:57,560]The one from Taiwan is 00865B

[0:23:57,560 – 0:23:58,560]This multiple 0

[0:23:58,560 – 0:23:59,560] 0865B

[0:24:02,560 – 0:24:04,560]What about China?

[0:24:04,560 – 0:24:11,560]You can use this 161115 from E Fund

[0:24:11,560 – 0:24:12,560]Okay

[0:24:12,560 – 0:24:15,560] Then if the withdrawal rate needs to be higher

[0:24:15,560 – 0:24:16,560] Want 3% of the people

[0:24:16,560 – 0:24:20,560] Then the asset allocation is 70% QQQ

[0:24:20,560 – 0:24:23,560] 00662 or 513100

[0:24:23,560 – 0:24:25,560]30% cash

[0:24:25,560 – 0:24:28,560]That’s money market funds

[0:24:28,560 – 0:24:30,560]SameBOXX

[0:24:30,560 – 0:24:32,560] Or SGOV in the United States

[0:24:32,560 – 0:24:38,560] In Taiwan, the cash position is placed at 00865B

[0:24:41,560 – 0:24:42,560]Okay

[0:24:42,560 – 0:24:44,560]This one is retired

[0:24:44,560 – 0:24:47,560]The person with more assets

[0:24:47,560 – 0:24:51,560] Then this is the result of our simulation

[0:24:51,560 – 0:24:54,560] Then you can live a pretty good life just by looking at this

[0:24:54,560 – 0:24:56,560] 80% 20% or 70% 30%

[0:24:56,560 – 0:24:59,560]But your withdrawal rate exceeds 3%

[0:24:59,560 – 0:25:02,560] For example, if you want to withdraw 3.5%

[0:25:02,560 – 0:25:05,560] Then your daily balance allocation should be 35%

[0:25:05,560 – 0:25:06,560] Then 65%

[0:25:06,560 – 0:25:09,560] This is not efficient

[0:25:09,560 – 0:25:12,560]I don’t recommend 35% 65%

[0:25:12,560 – 0:25:14,560] is 35% of QQQ

[0:25:14,560 – 0:25:15,560] 65% cash

[0:25:15,560 – 0:25:17,560]This is not efficient

[0:25:17,560 – 0:25:20,560] So we are

[0:25:20,560 – 0:25:23,560] If your withdrawal rate is 2% or 3%

[0:25:24,560 – 0:25:28,560] Then just use 80% 20% or 70% 30%

[0:25:28,560 – 0:25:30,560] More than 3%

[0:25:30,560 – 0:25:33,560] Then you need to use another high-dividend asset allocation

[0:25:35,560 – 0:25:39,560] The retirement withdrawal rate is between 2% and 3%

[0:25:39,560 – 0:25:41,560] Asset allocation of pledged borrowing

[0:25:41,560 – 0:25:43,560] Let’s say you want to borrow against

[0:25:43,560 – 0:25:44,560]The same as you

[0:25:44,560 – 0:25:46,560]Withdraw 2% every month

[0:25:46,560 – 0:25:49,560] Your asset allocation is the same 80% and 20%

[0:25:50,560 – 0:25:53,560] Then rebalancing every year

[0:25:53,560 – 0:25:55,560]Rebalancing every year

[0:25:58,560 – 0:26:02,560] This should be rebalanced wisely

[0:26:02,560 – 0:26:04,560] This should be smart and rebalanced

[0:26:04,560 – 0:26:06,560] Rebalance smartly every year

[0:26:11,560 – 0:26:13,560] Smart rebalancing every year

[0:26:13,560 – 0:26:17,560] Smart rebalancing is simple

[0:26:18,560 – 0:26:20,560] Without this, there should be no need to be smart

[0:26:20,560 – 0:26:21,560]Because you don’t have

[0:26:21,560 – 0:26:22,560]You don’t have leveraged funds

[0:26:22,560 – 0:26:23,560] No need to be clever and rebalance

[0:26:23,560 – 0:26:25,560] Just normal rebalancing.

[0:26:25,560 – 0:26:26,560] It’s that simple

[0:26:27,560 – 0:26:29,560] So you’re 80% 20%

[0:26:29,560 – 0:26:31,560] Then your stock pledge loan

[0:26:31,560 – 0:26:33,560] Even if you don’t use it, it will be balanced every year.

[0:26:33,560 – 0:26:36,560] Just go back to 80% and 20%

[0:26:36,560 – 0:26:39,560] Then if you have to pledge loans every year

[0:26:39,560 – 0:26:40,560] 3%

[0:26:40,560 – 0:26:42,560] Then you use 65% 35%

[0:26:42,560 – 0:26:45,560] 65% of QQQ

[0:26:45,560 – 0:26:48,560]There is no stock pledge in China

[0:26:48,560 – 0:26:50,560]So here it says China 51310

[0:26:50,560 – 0:26:52,560]But there is no stock pledge in China

[0:26:52,560 – 0:26:55,560]Don’t think about this

[0:26:55,560 – 0:26:58,560] That 35% of short-term bonds

[0:26:58,560 – 0:27:01,560] Then you can borrow 3% as collateral

[0:27:02,560 – 0:27:04,560] Stock pledge loan

[0:27:04,560 – 0:27:06,560]Rebalancing every year

[0:27:06,560 – 0:27:09,560] Just mindless rebalancing

[0:27:09,560 – 0:27:10,560] Just mindless rebalancing

[0:27:10,560 – 0:27:11,560]No need to be smart

[0:27:11,560 – 0:27:14,560] Our investment is now very simple.

[0:27:14,560 – 0:27:17,560]As an average person, if you don’t have any fancy

[0:27:17,560 – 0:27:18,560] It’s very simple just use this

[0:27:18,560 – 0:27:20,560]You don’t have to learn anything anymore

[0:27:20,560 – 0:27:21,560] Others

[0:27:21,560 – 0:27:24,560] We have the entire asset allocation

[0:27:24,560 – 0:27:27,560] It’s very simple whether you pledge or not.

[0:27:29,560 – 0:27:31,560]This is the result of the simulation

[0:27:31,560 – 0:27:33,560] If you borrow 80% 20% 2%

[0:27:33,560 – 0:27:36,560] If 65% 35% borrow 3%

[0:27:36,560 – 0:27:37,560] Then you have to borrow 4%

[0:27:37,560 – 0:27:39,560]You want 50% 50%

[0:27:39,560 – 0:27:41,560] That’s not efficient.

[0:27:42,560 – 0:27:45,560]Of course you said I still want stock pledge

[0:27:45,560 – 0:27:46,560] Borrow 50 50

[0:27:46,560 – 0:27:49,560] Just borrow 4%.

[0:27:49,560 – 0:27:52,560] But your asset allocation is 50 50

[0:27:52,560 – 0:27:54,560] Then you use the prototype of 30

[0:27:54,560 – 0:27:55,560] 70 in cash

[0:27:55,560 – 0:27:56,560]You can borrow 5%

[0:27:56,560 – 0:28:00,560]But your assets may appreciate very slowly.

[0:28:00,560 – 0:28:01,560]There’s no need

[0:28:01,560 – 0:28:05,560]You can use the following to borrow money without collateral

[0:28:05,560 – 0:28:09,560]How can we use high dividends to obtain cash flow?

[0:28:10,560 – 0:28:12,560] Well, the problem is that you don’t have enough assets.

[0:28:12,560 – 0:28:17,560] And you’re withdrawing more than 3% per year

[0:28:18,560 – 0:28:21,560]You just have to calculate your annual expenses first

[0:28:21,560 – 0:28:25,560] Then calculate the monthly expenses from the annual expenses

[0:28:25,560 – 0:28:28,560]That means you

[0:28:28,560 – 0:28:30,560] Need 50,000 a month

[0:28:30,560 – 0:28:32,560] 600,000 a year

[0:28:32,560 – 0:28:34,560] People who want NT$50,000 a month

[0:28:35,560 – 0:28:38,560] Then you need 50,000 times 100 times

[0:28:38,560 – 0:28:39,560] Then you need 5 million

[0:28:39,560 – 0:28:41,560] First put it in QQQI

[0:28:41,560 – 0:28:46,560] Get 1% dividend every month to live your life

[0:28:46,560 – 0:28:50,560] So you take it as your monthly living expenses

[0:28:50,560 – 0:28:51,560] times 100

[0:28:51,560 – 0:28:54,560] That’s what you want to put in QQQI

[0:28:54,560 – 0:28:58,560]The remaining 70% and 30%

[0:28:58,560 – 0:29:00,560]Make good asset allocation

[0:29:00,560 – 0:29:01,560]The rest

[0:29:02,560 – 0:29:05,560]After investing in QQQI

[0:29:05,560 – 0:29:06,560] remaining funds

[0:29:06,560 – 0:29:09,560]You invest 70% in QQQI

[0:29:09,560 – 0:29:10,560] 00662

[0:29:11,560 – 0:29:14,560] 30% invested in money market funds

[0:29:16,560 – 0:29:18,560] 00865B

[0:29:20,560 – 0:29:21,560]That’s it

[0:29:21,560 – 0:29:24,560] That’s because you are a dividend

[0:29:24,560 – 0:29:26,560] You already have dividends to live on

[0:29:26,560 – 0:29:28,560] So actually you don’t get from this

[0:29:28,560 – 0:29:32,560] The remaining assets are 70% and 30% used for living.

[0:29:32,560 – 0:29:34,560] So this 70% 30%

[0:29:35,560 – 0:29:37,560]Rebalancing may not be necessary

[0:29:37,560 – 0:29:38,560]No need

[0:29:39,560 – 0:29:40,560] Because you just don’t touch it

[0:29:40,560 – 0:29:42,560] You think of this as a

[0:29:43,560 – 0:29:46,560]Accelerator of asset appreciation

[0:29:47,560 – 0:29:50,560] Most of this should become a legacy

[0:29:50,560 – 0:29:53,560] This part is enough because of your QQQI part

[0:29:53,560 – 0:29:54,560]You live

[0:29:55,560 – 0:29:58,560] Unless you have an emergency need 1 million 2 million

[0:29:58,560 – 0:30:00,560] Of course, from this 70%

[0:30:00,560 – 0:30:04,560] 30% of this is spent

[0:30:05,560 – 0:30:07,560]This is you

[0:30:07,560 – 0:30:10,560] People who have a drop rate of more than 3%

Asset allocation of [0:30:10,560 – 0:30:12,560]

[0:30:13,560 – 0:30:17,560] So that should be it for today.

[0:30:19,560 – 0:30:20,560] Very simple

[0:30:20,560 – 0:30:22,560]There’s nothing complicated about asset allocation

[0:30:22,560 – 0:30:24,560] We don’t deserve leveraged funds either

[0:30:24,560 – 0:30:26,560] That’s it

[0:30:26,560 – 0:30:27,560]No need

[0:30:27,560 – 0:30:29,560]Smartness lies in peace

[0:30:29,560 – 0:30:32,560] If you have stock pledge

[0:30:32,560 – 0:30:34,560] Just balance without thinking.

[0:30:36,560 – 0:30:37,560]That

[0:30:38,560 – 0:30:39,560]That’s it for today

[0:30:39,560 – 0:30:42,560]The message board has our handouts

[0:30:43,560 – 0:30:44,560] You can get it

[0:30:45,560 – 0:30:49,560]That’s because someone said he wanted to teach English to children

[0:30:49,560 – 0:30:53,560] Because Chen Feng has that

[0:30:53,560 – 0:30:56,560] Translate our videos into Chinese

[0:30:56,560 – 0:31:00,560] Convert that voice content into text

[0:31:01,560 – 0:31:04,560] So I suggest you go over there and get his transcript.

[0:31:04,560 – 0:31:05,560]That

[0:31:06,560 – 0:31:07,560]Yes

[0:31:09,560 – 0:31:11,560] I have the opportunity to complete Chen Feng

[0:31:11,560 – 0:31:13,560]I’ll post that transcript on the message board

[0:31:13,560 – 0:31:16,560] Give him a copy of the manuscript

[0:31:16,560 – 0:31:19,560]Please ask the check gpt to translate it into English for you

[0:31:20,560 – 0:31:23,560]You can provide it to your children who do not understand Chinese

[0:31:23,560 – 0:31:25,560] Or watch with friends

[0:31:26,560 – 0:31:27,560] I think that’s fine

[0:31:27,560 – 0:31:31,560] It’s a bit troublesome for me to help you convert documents to English.

[0:31:32,560 – 0:31:36,560]I will convert Chen Feng’s information

[0:31:36,560 – 0:31:39,560]Post the text file data

[0:31:40,560 – 0:31:41,560] Maybe a day later

[0:31:41,560 – 0:31:44,560]I posted this because Chen Feng also needs to deal with it.

[0:31:45,560 – 0:31:46,560]Okay

[0:31:46,560 – 0:31:48,560] Let’s do this first

[0:31:48,560 – 0:31:49,560] If there’s a question

[0:31:49,560 – 0:31:50,560]Write me an email

[0:31:51,560 – 0:31:53,560] Or leave a message on youtube

[0:31:53,560 – 0:31:58,560] Let’s start with today’s sharing of asset allocation here.

[0:31:59,560 – 0:32:01,560] So what we’re going to talk about next time

[0:32:02,560 – 0:32:03,560]Think about it again

[0:32:03,560 – 0:32:06,560]Maybe we’re talking about world finance.

[0:32:07,560 – 0:32:10,560] So if there’s anything else you want to hear

[0:32:11,560 – 0:32:12,560] want to know

[0:32:12,560 – 0:32:15,560] I want to explain it in the first lesson

[0:32:15,560 – 0:32:19,560] Then you can leave a message or write an email to me

[0:32:19,560 – 0:32:22,560] Then I’m considering making a chapter to explain it.

[0:32:23,560 – 0:32:25,560]Okay, let’s do this first

[0:32:25,560 – 0:32:26,560]Thank you everyone