Yesterday, my wife and I went shopping together. I suggested that my wife try a newly opened beef and mutton shop. We ended up buying 2 jin (a unit of weight) of beef at this new store. When we got home, we made grilled meat. The newly bought mutton was very tender and smooth, with a rich aroma that filled the mouth. My mother-in-law couldn't help nodding in praise.
In the past, my family used to buy beef from a beef and mutton shop in the vegetable market. The owner was an old lady and her son in his 20s. After buying meat for two years, I found that the quality of the beef she sold to my wife was getting worse and worse. The last beef we bought was tough and full of tendons and bones after grilling.
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So, I decided to try another beef and mutton shop yesterday. I found that always going to the same place to buy things can easily lead to the problem of the seller becoming more careless. We buyers think that going to the same place will ensure better quality, but in fact, it's not the case. Most of the time, when the relationship becomes familiar, the seller is more likely to take advantage of the buyer. On the contrary, buyers who are strangers are more likely to be taken seriously by the owner.
This may be human nature. Not cherishing what has been obtained, always thinking that what has not been obtained will be better. Stock investment is very difficult, but it is also very simple. It is difficult because it seems to require a lot of investment knowledge to learn and master. It is simple because it requires understanding human nature, and understanding human nature does not need to be learned.
The elderly have a huge advantage in understanding human nature compared to young people. Because the elderly generally have decades of rich life experience. Coupled with the fact that the elderly usually have some savings, the elderly must have some advantages in investment compared to young people.
In the past, professional institutions have conducted data statistics, and the results show that the profit level of elderly fund investors is six times that of young fund investors. Investors under 30 years old have an average return rate of less than 3%, and the proportion of profitable people is less than 50%; investors over 60 years old have an average return rate of 19.05%, and the proportion of profitable people reaches 60.42%.
Young people are mostly impatient in investment and are unwilling to hold funds or stocks for too long. Few young people can hold stocks or funds for more than a year. In fact, because they are young, they are the ones with the most time to wait. But they are unwilling to do so.
The elderly are just the opposite. Although the elderly have fewer years left, they are willing to wait, and they hold stocks and funds for a longer time. Many elderly people hold stocks and funds for one or two years, or even ten or twenty years. The rich and tortuous life experience of the elderly makes them more patient in holding stocks and funds. Life experience has a great impact on investment.When I was young, I often saw many trucks on the streets carrying criminal prisoners for parades and demonstrations. The prisoners were bareheaded, with big signs hanging around their necks, and soldiers standing behind them. I had a question at that time - why are most of the prisoners young people? Why is the crime rate obviously low among the elderly?
Later, I completely understood: the elderly have seen and experienced enough setbacks, and they already know what is absolutely not to be done.
I have been investing in the stock market for 27 years, and now I have entered middle and old age. I am no longer as excited and thrilled about the stock market as I was when I was young. When I was young, I chased the leaders, captured the daily limit, and traded hundreds of times a year - I fell into countless market traps and felt countless losses.
Now, I already know what is absolutely not to be done in the stock market. This is the biggest difference between middle-aged and elderly investors like me and young people. Some fans come up and want to learn to speculate in stocks with me. I always ask their age first. Because, I can't teach those investors and fund holders who are in their twenties and thirties.
Most of these young investors and fund holders are very arrogant. They think they are gifted and can catch up with Buffett after learning for one or two years at most. They are full of impetuosity and anger. These young people are just like I was, only after experiencing countless market lessons can they give themselves the correct positioning. I can't teach them, only the market can educate them well.
There is no shortcut in stock investment, it requires many years of experience in life and the stock market. Every young person will make countless and inevitable mistakes in the stock market and life. These mistakes cannot be avoided by book learning and the teachings of famous teachers, only by experiencing and feeling the pain can they truly understand.
Time is the best teacher.
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