A look at investing rather than speculation

 If you have accumulated cash assets, I would like to explain what to do next.

For example, let's say you have accumulated tens of millions of won in cash to make your own money bowl like the article above.

Now, you will be wondering what to do with this money.

Some people will increase their assets with deposits, or there are countless ways to increase assets with stocks, real estate, and businesses.

Among them, I would like to talk about stocks.

It was the same during the Corona season and it is the same now, people start to gather one by one after hearing rumors that a certain stock/coin is going up (or someone got rich).

Of course, I also started participating in stocks during the Corona season.

And I always asked friends around me who seemed to know a little about stocks, just like beginners.

What should I buy? Should I buy? How much should I buy? When should I sell?

Thinking about it now, I feel ashamed of how stupid it was.

Investing your hard-earned money just by listening to others? If you think about it carefully, you will realize that it is a really scary and wrong behavior.

In particular, there is a high probability of blaming others.

You listen to it, invest, and later when it goes wrong, you blame that acquaintance.

So, I must study and realize why I have to put my hard-earned money into this stock.

You should not make the wrong behavior of investing only believing in the information that the company will go up without knowing how to read the financial statements of the company.

Or, you should also avoid the illusion that someone will increase your money by going to a reading room.

No one acts to increase other people's money.

And let's say you get lucky a few times and make several million won in a day.

Then, you should be careful about that too.

If you earn your monthly salary in one day, you may feel skeptical about what you are doing and easily fall into the delusion of becoming a full-time investor.

I have read many economics books and listened to many great people.

What they say is always the same.

You should make real investments, not speculation, and that long-term investment is the only shortcut to success. Money earned suddenly tends to go out suddenly, and unless you maintain your income/expenditure system normally, all the money you save will go out.

I hope you do not waste the money you earned through sweat and tears, and expand your investment bowl through study and experience.

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