Investment

"A person who can make 10 million yen" is "a person who can make 100 million yen"

◆ It is 40's that can make assets 10 million yen
Looking at the average savings of Japanese people, it seems that people in their forties can make an asset of 10 million yen.

However, even in the same forties, people who made 10 million yen at the age of 40 and people who made 10 million yen at the age of 49 are quite different.

◆ If you are 40 years old and made 10 million yen
If you are 40 years old and have 10 million yen, you can increase that 10 million yen to 60 million yen in 25 years after retiring [calculated at 7.2% of compound interest].

If, after retirement, in the last 25 years, you could invest 50,000 yen each month, it would be safe to say 100 million yen instead of 60 million yen.

That's how long-term compound interest management opens up possibilities.

◆ If you are 49 years old and made 10 million yen
On the other hand, those who have reached 10 million yen at the age of 49 can do the same thing, but at the age of 65, they can only get 31 million yen, not 60 million yen. About half of the former.

Even more, to make 100 million yen by the age of 65, you need to invest 200,000 yen every month. Just reaching nine years different in age will actually increase the burden fourfold.

So, it's not that everyone can make 100 million yen because they made 10 million yen. Those who can jump from 10 million yen to 100 million yen actually have a certain strong point.

◆ The three Ps who can make 100 million yen
It is three Ps.

◇ Plan
Anyone who can steadily increase their money has a plan. We have a simple numerical plan such as "How many years will we increase our assets now, and what is the required rate of return for that?"

Without it, people may be motivated to increase as much as they can, or once they have increased, they may be at risk of losing it, or they may not be able to move their money because of anxiety.

You don't need to be willing or brain-clear. But it's important to believe in a plan that works.

◇ Process
People who have the stability to make money have a process that doesn't fail.

The process is the investment process of setting goals, creating a plan, collecting information, carefully acting, verifying the results, and reviewing the plan. Because you can repeat it with awareness, good results are repeated.

A person who spends time searching for products and searching for stock without having a process can make money, but cannot repeat it, and there is no reproducibility because there is no law.

◇ Policy
A policy is an investment policy. For example, your own code of conduct: invest only in physical assets, do not buy or sell in the short term, do not concentrate on self-help, do not know the probability.

If you have your own policy, you won't get into boring tales, and you won't be fooled by seemingly tasty fraud. Those without a policy can get into risky speculation, depending on the size of the return.

Ask an expert to learn what plans, processes and policies you should have. You won't be rewarded for chasing stocks that make you profit.

Sentence = Kunihiro Kitagawa [money guide]
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