From the perspective of ordinary people, she explains all kinds of financial knowledge in a simple way through Xiang Shuai's Financial Notes, helping readers to build a financial knowledge system and making finance a tool that everyone will use, not an elite patent.
After reading this book, I have the following four deep feelings to share with you:
Suppose you could get on the time machine and go back to 10 years ago, and you had 654.38 million yuan in cash, how would you arrange the money?
1. Bank deposit
Based on the long-term fixed deposit interest rate, about180,000 yuan can be obtained after 10 years.
Buy stocks
If you buy shares in PetroChina, 6,543,800 yuan has now become 30,000 yuan; If you had bought all the shares of Tencent at that time for 654.38+10,000 yuan, the money should have become about 3.6 million yuan now.
buy a house
According to the down payment ratio of 30%, 654.38+ 10,000 yuan can buy a house worth 300,000 yuan in a certain district of Wudaokou, Beijing. This investment is now worth about 3.3 million, and it is still rising.
/kloc-The decision made 0/0 years ago has profoundly affected your situation, life and future after 0/0 years.
In other words, in the financial world, time is money, and an inch of time is worth an inch of gold. These are all objective facts.
At this stage, there is a strong desire for consumption, but the income is not high, and there is not much money left to invest. But it has one biggest advantage: its future is very long.
Financial instruments can just realize the transformation of funds in time. Property purchase is actually the most important one. It gives young people the right to "exchange future time for space".
Then, some people want to say, what if young people have no money to buy a house?
That must be to improve your ability and income first, and at the same time learn to invest and manage money, actively save and accumulate the first bucket of gold as soon as possible.
For young people, buying a house is both an investment and a savings. Of course, buying a house is a university question and needs more research and practice. Once you aim, get in the car first.
Stock and option investment is the direction of capital allocation in the prime of life. At this stage, there are generally old people at the top and small people at the bottom, so it is necessary to make diversified arrangements for asset allocation, which is safer and enhances the ability to resist risks and increase value.
We should pay special attention here. Only when a person has certain financial resources and little demand for liquidity can he learn from Buffett and Munger and make long-term investments.
The best way for ordinary people to invest is to invest according to their professional ability and different investment channels, and jump out of the poor mouse circle through time compound interest.
Reduce the allocation of risky assets and increase the proportion of safe assets such as national debt. At the same time, the ratio of current assets should be increased.
After combing this paragraph, the author can't help but sigh:
For any ordinary person, at any stage, making good use of financial instruments is the first step towards freedom of life.
Most ordinary people live in a "rat circle" where wealth is not free, and they can't extricate themselves all their lives. The reason is that ordinary people are short-sighted about the past and the future, are not afraid of cause and effect, and only care about temporary joy.
The biggest gain from playing cash flow games in Shanghai a while ago is that cash is king.
Because you have a certain amount of cash flow in your hand, you won't watch the loss of wealth opportunities.
By the same token, a person should also build his own core competitiveness in his career. On this premise, we can further borrow leverage thinking and compound interest thinking.
For example, if you start a business to seek the help of venture capital and venture capital, the risk will be dispersed. Others should also have hard-core professional ability, give you the opportunity to leverage further, and create greater value through leverage.
In other words, the lever is created by itself, not touched.
The biggest problem for ordinary people is that they are easily controlled by emotions and desires, easily chasing up and down, driven by the different rhythms of bear market and bull market, and even easy to cut leeks.
Investment experts are often experts who understand human nature, and they make full use of this weakness of human nature to make money in the market. The stock market will always be the 5% people, and the 95% people will make money.
This is why Buffett said: others are greedy and I am afraid, and others are afraid that I am greedy.
So, how can we ordinary people effectively resist human instinct?
In this regard, the famous scholar Wu Bofan mentioned: In the market, what is scarce is not skill, but mental method.
He proposed the following three ways to manage instinct:
The methods of improving metacognition advocated by Li Xiaolai, such as meditation, reflection and exercise, are actually anti-instinct, which makes you face all kinds of problems that may cause your emotional challenges more rationally.
Zeng Guofan and Franklin also kept diaries or made lists at this time to avoid falling into them.
After talking about the above four feelings, readers sincerely look forward to continuing to learn financial knowledge with you, because:
Financial knowledge is indeed one of the basic logical knowledge frames necessary for life. The sooner you practice your study, the sooner you will benefit. The sooner you benefit, the sooner you have the opportunity to realize your freedom!