[Read it in one sitting] An intensive reading of "A Walk on Wall Street", a must-read book for traders. Is your money quietly "dying"? A simple way to avoid 90% of investment pitfalls!

Оригинальный автор：睡前故事讀書會

Первоисточник：https://www.youtube.com/embed/QAVBRunOzEA

Have you ever been tempted by the "myth of instant wealth" in your circle of friends, only to have your hard-earned money evaporate in an instant? Do you also feel that inflation is quietly eating away your hard-earned money? The book "A Walk on Wall Street" does not teach you how to get rich overnight, but uses iron laws proven by the market for forty years to reveal to you the secrets of how ordinary people can avoid 90% of investment traps and make their money grow steadily. The author of this book, Burton Malkiel, a "double expert" who is also a professor of economics at Princeton University and a Wall Street investment banker, explains the complex investment world into common sense. He used data to reveal an extremely heartbreaking fact: 60% of fund managers fail to outperform the market index funds every year! Why do professionals' "sexy operations" end up trapping themselves? Why are bank deposits, which you thought were the safest, quietly "eaten" by inflation? We will delve into the core ideas of "A Walk on Wall Street": * The mystery of stock value: How does the collision of solid foundation theory and castle in the sky theory explain the speculative frenzy in history? From the tulip bubble in the 17th century, to the Internet bubble in the 20th century, to the real estate crisis in 2008, the endless cycle of human greed has never stopped. Why do we always believe that "this time is different"? * Exposing Wall Street’s lies: Technical analysts’ “hindsight”, fundamental analysts’ conflicts of interest, and why active funds’ high fees and frequent trading will only end up eating up your returns? "A Walk on Wall Street" tells you that the shortcut to investing is not frequent buying and selling, but "making fewer mistakes." * The wealth password of ordinary people: Modern investment portfolio theory teaches you how to diversify your investments and reduce risks; behavioral finance helps you recognize the weaknesses of human nature and avoid chasing the rise and killing the fall. We will share a set of "Fool's Guide" to help you take control of your wealth: 1. Save as early as possible: Compound interest is the eighth wonder of the world, and time is your most powerful weapon. Even if you only save 500 yuan per month and earn an annualized return of 7%, you will still be able to accumulate 500,000 yuan in thirty years, which is enough for a down payment! 2. Establish a safety cushion: set aside emergency cash and configure basic insurance to avoid falling into poverty overnight. 3. Learn to avoid taxes: Use retirement accounts to let the government help you save more money and accelerate the growth of your wealth. 4. Allocate assets by age: From "offensive" in your thirties to "defensive" in your sixties, let your investment portfolio adjust with age like building blocks. 5. Choose the best tool: Index funds. It has low fees, small tracking error, and outperforms most active funds over the long term. The fixed investment strategy allows you to easily "buy low, sell high" and enjoy market dividends with peace of mind. The essence of investing is not to become a millionaire, but to make life easier. When you stop obsessing about beating the market and instead focus on not making mistakes, wealth will come in the form of exceptionally generous returns. Come and follow the wisdom of "Walking on Wall Street" and start your path to financial freedom! #WanderWall Street#Investment and Financial Management#Fund#Stock#Index Fund#Making Money#Wealth Freedom#Inflation#Investment Trap#Burton Malkiel#Wall Street#Hedging#Financial Management Knowledge#Novice Investment#Asset Allocation# Fixed Investment#Passive Investment#Risk Management#Bubble Economy#Financial Crisis