Find a job for your money : When you don’t know what to invest, invest your own head first
Hello everyone,
Today we will share another rich dad book,
Let me tell you about the concept of investment,
This book is called the Rich Dad series,
Find a job for your money.
This book talks about the concept of investment,
But unlike other professional investors,
Speaking very deeply, so I want to manage money.
Novice users who want to invest are a must for brainwashing,
If you can’t establish the common sense and logic of these investments,
Then investing is tantamount to suicide.
Many people often ask such a question,
I have tens of thousands of dollars, what should I invest in?
Honestly, this question is difficult to answer,
Rich dad said the same thing,
People of all kinds,
It is impossible to give you a cookie-cutter answer.
Later he learned ghosts,
He said that if someone asks you again,
You say if you don’t know what to invest,
You put him in the bank,
Some people say, this rich dad is too watery.
Actually not,
He said that everyone is hearing too many suggestions.
Not too few, for example, if you open the official account,
Someone will let you buy a house, and some will not let you buy a house,
Someone will let you clear the position, but another group will teach you to open the position.
So listen to other people’s suggestions,
Also facing the problem of stock selection,
Who should I listen to? After listening to him,
Will you always listen to him,
Many people listened to Zhang San’s buying,
Then he listened to Li Si and asked him to sell it.
In addition, many people often take it out of context,
Some people would say that Buffett is a stock god,
He bought a good company and held it for a long time.
It’s that simple,
But most people won’t tell you,
Buffett is an equity investor,
He is not a stockholder at all,
He almost never cared about stock prices,
Just focus on the company’s profitability,
So the last thing rich dad actually wants to say is,
When you don’t know what to invest in,
You should invest your money in your head,
Invest in yourself first,
Instead of blindly inquiring about investment products.
The author talked about a personal experience,
He said that when he was young, someone also gave him advice,
Great investors buy and hold for a long time,
He was also at a loss at the time.
Until one day I found rich dad.
Rich dad asked him puzzledly,
Why buy a fund, do you know him?
Just these two questions confuse the author.
So he repeated what the referee had said,
All the masters are buying and holding for a long time,
Then get rich returns.
Then rich dad started to educate him,
It’s not that you did something wrong,
It’s a good thing to pay attention to investment early.
But rich dad also said,
I am not concerned with what you have invested in,
I am concerned with you.
Long-term investment, buy and hold,
This statement itself is not an investment method.
It’s just a marketing technique,
He is not a financial education,
Many people understand it wrong, including the author,
They regard the marketing skills as financial education,
So I will lose a lot of money later,
these questions,
We will answer them one by one later,
Let’s sell it first.
The next question, the stock market fell,
Where did the money go? Many people don’t understand,
Dozens of trillions evaporate without even letting go?
In fact, he did not evaporate, but just transferred,
The stock market will make most investors poorer,
And only make a few investors get richer,
This is actually the case in any investment market,
Only a few people make money.
The more I say it, the more mysterious it may become,
Do you want to sell the stock now?
This is actually not the point. ,
The point is that you have to be able to distinguish,
What is sales and what is financial advice.
Later, the author was at a loss.
I don’t know what the mystery is,
He continued to buy the fund,
But he is a poor student,
So funding is stretched,
He sometimes goes to see the performance of the fund,
But no surprises, feeling drowsy.
After the rich dad found out, he immediately laughed at him.
Said he was almost impatient,
At this time rich dad finally said,
A very important point,
He said, when you are one,
When impatient investors,
You will be very sloppy,
Impatient buying,
It will inevitably lead you to sell more impatiently.
The author tried to defend,
But they only asked him one question,
How long did you talk to the salesperson before buying?
The author said one hour,
Rich dad laughed even more after listening.
An hour of conversation,
You want to make a decision that will change your life’s destiny,
Isn’t this sloppy?
So the first lesson you should learn is,
The worst investment is for impatient investors.
And this lesson is priceless,
It’s a pity that many people lose a lot of money,
Still haven’t learned this lesson.
If you invest rashly, you will inevitably leave the market rashly.
The time you spend researching an investment,
Determines how firm you hold it,
Don’t ask others about a certain stock, a certain fund,
I bought it by myself, others didn’t buy it,
So I should know better than others.
A holder consults the opinion of a non-holder,
It’s ridiculous in itself.
Rich dad said that most investors’ problems,
It’s in himself and not in what he bought,
He bought very good things,
If he is impatient,
It will also lose a lot of money.
Someone said, we all have jobs,
How can I have time to research investment,
But the question is who is not working?
If you don’t have time to study now,
I also don’t have time to study in the future,
Lack of patience, laziness, lack of knowledge,
Plus the excuse of not having time,
Your investment results,
Can you imagine it?
Rich dad said,
For a person who lacks patience,
Any investment will lose money,
So he never cared about what the author bought,
Because you will lose money if you buy anything.
then what should we do? How to become,
What about a professional investor?
Rich dad said, professional investors,
Always make yourself smarter,
But ordinary investors only focus on making money.
If you simply buy funds every month,
Then you will not learn any relevant investment knowledge,
An empty head will inevitably affect your final patience.
You don’t know the style of the fund,
I don’t know his size,
I don’t even know which stocks he invested in,
Even more ignorant of fund managers,
So the market is going up okay,
As long as the market falls,
You collapsed right away,
Living in the dark forest is the scariest thing,
Because everything is unknown.
In fact, in the world of investment,
The funds will not disappear, he just changed hands,
In other words, your money goes,
Go in someone else’s pocket.
Just like a house, I sold the house to you,
I took away the wealth,
And you got the house,
I hope that in the future there will be a young man with a higher price,
Take the house from you,
But this is just your imagination,
But I actually took your money away. fx
Later, in order to give them financial education, rich dad
I took the author to visit the ranch and the dairy farm respectively,
The ranch is to drive the cows into the cowshed and then slaughter them.
Every cow that enters the barn is full of despair.
But cows are different,
They often enter the cowshed for milking,
So I’m very used to it,
Rich dad said,
This is the biggest difference between pasture and dairy farm,
One is capital gains,
One requires cash flow.
What the two investors are pursuing is,
Completely different benefits,
And many investors always lose money,
Or they think that investment is a huge risk,
Because they always position themselves on the pasture,
Either slaughter others or being slaughtered by others.
And the other part, investors who are pursuing cash flow,
People like Buffett Peter Lynch,
But they live freely,
Live peacefully with everyone,
Not so much blood and rain,
No one has ever said that Buffett cuts leeks,
Because every time he flashes people early,
But you are still rushing in,
And until you cried and cried out,
He just came out to pick up bargains.
So what kind of person,
Is the investor in the ranch,
In fact, everyone is basically,
I often say that my house has appreciated in value,
My stock has gone up,
I made money in the stock market.
And the investors of other people’s cash flow,
Usually don’t chat like this,
They usually say,
The house I invested in,
It can bring me 10,000 yuan in return every month,
My stock dividends are basically covered every year,
My food and wear,
How much money this company can make in the future and so on.
Rich dad said,
The biggest fool is to pursue,
Those with a capital premium,
Those who make the difference will die ugly in the end.
He said that many companies don’t even have a profit.
The stock price can also be fired up,
Then every day there are a bunch of people looking for reasons to buy him.
This is called Bosha,
It’s a game sillier than anyone else,
During the boom of the stock market,
There are often such things everywhere,
The current property market is a silly pattern,
The house can no longer generate value through rent,
But there are still so many people buying crazy,
Just to earn the spread.
Investment is actually a use of today’s money,
In exchange for tomorrow’s continuous income,
So the focus is on income,
Instead of how much money he can sell in the future,
If it can be sold at a higher price,
It was a character explosion,
Or as long as your eyes are on cash flow,
Then there will definitely be one in the future,
Huge capital premium space,
Instead you keep staring at the capital premium,
Often they don’t get this opportunity to make money.
So everyone should have one,
Milking investment thinking,
I buy a stock,
How many years will I recover my investment,
I don’t know how many people have calculated this.
Take, for example, Yunnan Baiyao,
Take 2018 as an example, the price-earnings ratio is 28 times,
His annual net profit growth rate is 15%,
This year’s earnings per share is 3.2 yuan,
So counting, after 10 years,
You will pass the asset of Yunnan Baiyao,
A total of 78 yuan per share was earned.
And his stock price is 87 yuan,
So do the math, do you think it is appropriate?
Assuming that the stock price does not rise,
At that time it is still 87 yuan,
Then your return is 89%,
The annualized rate of return is almost 7%.
This is our cash flow investment thinking,
Next time we will continue to introduce the usage of this kind of thinking,
He will make your investment invincible.
