In the past, roughly every 10 years, there will be a financial storm outbreak.
When the media is filled with good economic news, we should quickly exit. Because the stock market is already very close to its peak and it's lonely at the top.
✨When pessimistic news dominates the media, it's a good time to buy.✨
✨Money should not rush into urgent doors.✨
Investing in stocks is like running a marathon, it requires a steady pace and maintaining a certain speed.
Slow is fast, fast is slow.
Slow and steady wins the race 😉
To get rich in the stock market, it is important to focus on emotional intelligence (EQ), as the biggest fatal blow to investment is caused by greed and fear leading to buying high and selling low resulting in losses.
Doubting life at a stock market drop, panic-selling shares at cheap prices makes it difficult to accumulate wealth.
Do not blindly trust the target price given by investment banks; thinking like an entrepreneur is what makes a smart investor.
Winners in the stock market rely on their vision and use their brains, never relying on listening to experts to get rich by hearsay.
✨Banks and insurance benefit from inflation.✨
Real estate appreciates, new owners borrow more money from financial institutions and also have to pay higher insurance premiums.
The cash in banks comes from depositors, while insurance companies rely on collecting insurance premiums (premium).
Banks are the mother of all industries, as long as the economy is prosperous, the performance of banks and insurance companies will not be poor.
📈When bank interest rates are low, money will flow out of banks into the stock market & real estate.
📉When bank interest rates are high, the stock market will decline, and money will flow to banks to be placed in fixed deposits.