Recently, Ukraine and Russia have not been peaceful, which has made people panic, and at present, our most intuitive feeling in the economy is the rise in oil prices and energy prices. Of course, the rise in oil prices is not entirely to blame for the war between Russia and Ukraine. Previously, the inflation of the epidemic has raised oil prices, and now the war is only worse.
Another intuitive feeling is the shock of the stock market. In recent times, the performance of this large market has not been very good, and it belongs to a feeling of shakiness. A few days ago, the S&P 500 index has fallen into the correction range, anyway, the current situation is that the epidemic is not completely over, inflation is still high, the Fed still has to raise interest rates, on the basis of this chaos, the result is now a war.
Share some of my thoughts. There's about personal development, there's about investment, and there's war. Before I saw a sentence on a forum that said investment, especially this kind of long-term investment to buy the index, in fact, is to bet on the national fortune of the country. It's like having a building, for example, there are 20 floors, and then three people are on the first floor, and then they sit on an uphill elevator, but these three people are not idle in the elevator, one person is standing still in the elevator, one person is hitting the wall with his head in the elevator, and one person is lying flat in the elevator. Then all three of them went to the top floor of the 20-story building, and the person on the top floor asked, "How did the three of you get up?" The first person said, "I stood still, and I went straight to the 20th floor." The second person said, "I hit the 20th floor with my head against the wall," and the third person said, "I didn't do anything, I just lay flat on the 20th floor." Then we all know that what really allows them to go from the 1st floor to the 20th floor is this elevator, not everyone does anything, and this rising elevator is the national destiny of a country.
China's rapid economic development since the reform and opening up, in 2001 when China joined the WTO (World Trade Organization), the economy has gone to a new level, in fact, for us after the 80s and 90s, it is indeed a witness to China's reform and opening up, many people have received a complete basic education in China, and then study abroad work is really to do the national fortune to rise this elevator. Then at this age, college graduation is basically 2009, 10 years and 11 years, if you are studying for a graduate school graduation time is probably in 2012 13 years is not very late, at that time if you stay in the United States to work, and start to invest in the U.S. stock market, it is very comfortable now. Because at that time, the US stock market had just emerged from this subprime mortgage crisis in 2009, which was the beginning of the 10-year bull market in the US stock market, and most importantly, the house price was relatively low at that time.
I personally feel that if you are optimistic about the long-term development of a country, which has a stable market, a stable social system, and a hard-working and kind people, I don't think there will be too much of a problem in buying the country's large-cap index.
Having said that, I will talk to you here about some views and opinions on peace and personal development. Whether I live in China or abroad, I have never experienced war, I have lived in a peaceful society, that may be on the other side of the world, for example, many Ukrainian media people may knock on the keyboard, and then the direct missile will fly down, and then I will take the gun to the front line, at that time I am still talking about personal development, and talking about personal wealth freedom, all for the purpose of survival. Therefore, I sincerely hope that our Ukrainian people can hold on, hope that the war can end as soon as possible, cherish peace, and only under the premise of a peace can we, as individuals, talk about personal development, talk about the accumulation of wealth, and truly realize the value of life.
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