Hello everyone, today is the 70th day of the global entrepreneurial figures reading with you. I read the first book - "Survival".
(survivability that EMBA cannot teach)
Article 3: The system is king
01
Survival rules 70 Don’t invest in stocks casually
The investment here is also a better adjective called: Don’t buy and sell stocks casually, or don’t want to speculate and get rich. Because I have seen too many examples, many people know that stocks should be bought at lows and sold at highs. But most people buy stocks at the highest point and sell at the lowest point. Why is this happening? Because the one thing that human nature is difficult to overcome is greed. When the stock is rising, you must think it will continue to rise; when the stock is falling, you also think it will continue to fall.
In fact, when a good stock falls, you should think that it will rise. Some stocks are already very high. You should think that everything will turn back, and it will fall. But it is difficult for people to fight against these human natures, and most of the people who can fight against this human nature are successful stock investments, investors who make long-term profits, or the world's richest man, Warren Buffett. I am not that professional in investing in stocks and have no such experience, so I don’t invest in stocks very much. Even if I invest in stocks, I will give it to professionals in a long-term investment way, not making short-term price difference. Therefore, long-term investment and long-term profits, I think what Buffett said should not be wrong.
Find a good opportunity to find stocks with low stock prices but valuable, hold them for a long time, wait patiently, and use compound interest. You may have heard of these adjectives, but it is really not easy to do, , so I simply put the stock investment affairs commission to help me operate. But I still put most of the money and assets in real estate.
02
Three iron laws to make money
- Focus on your career. The highest rate of return on investment is to invest in a career that you know and understand. If you don’t know, don’t understand, and you can’t control it. Therefore, the best way is to invest in your own career and focus on your own business. 10 years, 20 years, 30 years, this is the best method and the best money-making code.
- Long-term investment in real estate in the best locations. We keep talking about the benefits of investing in real estate in the book. One of my clients is the leader in overseas real estate (Australia real estate, New Zealand real estate, UK, etc.) I also invest in real estate myself.
3. assists in long-term stock investment through experts.
I think there are probably only these three ways to get rich successfully. Many rich people at home and abroad also succeed in creating wealth and becoming rich through these three methods. When you set your goals and become a rich person, please actively find ways to expand your assets, buy properties around the world, make money from all over the world, buy houses from all over the world, and focus on your own business, become a billionaire, and impart this financial knowledge to your next generation.
[Interaction] When others are greedy, you should be afraid and think about wealth and life in reverse. Do your own investment and financial management. 1. How to invest and expand your career? 2. Please write down when you start buying real estate and land? 3. How much proportion of funds can you provide? Please help you invest in stocks for a long time?
Tomorrow's reading, we will further decrypt the next rule of survival, to be continued!
Real reading plan for global entrepreneurs
Read good books with everyone every day, start the era of deep reading, enter the new knowledge economy, and reject light reading that you can try out easily
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