Money” has become the most popular activity in the beginning of 2021. First of all, those Shenzhen girls who only talk about money instead of gossip, let people see their pragmatism and independence. Zhang Kun, a fund manager, was once popular on the Internet for his excellent ability to make money. The hero and heroine in “The Superfluous Son-in-Law” are also known as the “money-making couple”. Whether you buy a fund, speculate in stocks or join a net store, the desire to make money is always flowing.
But the road of “making money” is not always so smooth. In the past few days, the stock market has fallen, and young “fundies” have had to face losses. The Netflix stores are joining, many of which are found to be unprofitable deals in the end. Even if you enter the real estate market, you may also be trapped. In this world of risks and surprises, there is always a part of the “money maker” to meet the end of failure.
Through our call, “money makers” who are not successful at the moment have shared their experiences.
These shares are not only about failures, but also more reflections and discoveries. In this practice of money, many people have found answers to their Life questions.
Entering the game majestically
“Young people’s ways of getting money are far more diverse than before. Jitterbug, B station, Little Red Book, tap on any social software, the system will automatically push these money making methods. The purchase of financial products has also become much simpler, the cell phone App can do. Getting into the game has become a very easy thing to do. “
@ Li Xiuli
Bought Zhang Kun’s fund after brushing up on Shakeology.
@sickle
When I first entered the stock market in 2019, I was very ignorant and did not understand even the basic common sense issues. At that Time I only had a heart to make money, my college tuition was very expensive and I wanted to earn it back. After the introduction of a public number, I purchased the first stock. As a result, the day after I bought it, it directly came to a halt, and on the third day, it fell again. Consider it a long term investment, I thought.
I started to find those experts who analyze stocks, those videos and articles, all say the same thing. It’s all about “today’s market is down, very unpromising follow-up” kind of thing, all is a horse’s back. I started reading books on my own, both financial books and other philosophy books. If you want to speculate in stocks, it is particularly good to read the Tao Te Ching. Stocks are essentially a human game, a kind of Tao. There is also a book called “The Value and Meaning of Life”, which tells you that there are many things to pursue besides money.
By the time June and July 2020 rolled around, the whole stock market was doing well, but my stocks were still in the same shape and I had to let go with a 40 point loss. The result of following the public to buy junk stocks was to get trapped straight away. The money I put in was given by my mother, which made me feel like I had failed her. What I felt more strongly was the anger at my own ignorance, helplessness and hopelessness, especially since the whole world was making money and I was the only one losing money. I sincerely advise people not to enter, want to make quick money will certainly lose money, your greed is no way to control.
@a glorious
I’ve read some “financial tutorials” and half-understood the knowledge of some funds, I majestically entered the pit. The most hot burst of liquor, adding a heavy position, thinking to make a quick buck, the results buy at the top of the mountain, and finally did not have the courage to get off halfway.
@zsy
The first investment I made was only 10 bucks. The first thing I did was to buy a new phone and download all of the major applications, and open Alipay, which sent me a 6 yuan bonus, as long as you buy a specific fund you can use the bonus, so I invested 10 dollars in it. 10 dollars in the fund for six months, up a dozen percent, when it went down, I added 1,000 dollars. Since I started investing, information about this came to me. Then I learned about fixed income and wealth management products, and put in a few thousand dollars each.
Last year the military fund was hot and I followed the trend and purchased. 2,000 yuan of the fund and it dropped 100 yuan on the first day I bought it. I was very nervous, but I could only watch it fall all the way down to a negative 17 or 18 percent now. I still think that the only real loss is when I sell it, and as long as I hold it, I still have a chance.
@LingYun
After the 2020 Epidemic, the stock market plummeted and I started to learn about funds. I slowly learned to manage my money and gradually increased the amount of money I put in as the market rebounded. I am a single person, so apart from my daily expenses, I put all my money into funds. In January-February 2021, the stock market fell sharply. more than half of the gains in 2020 were lost in 2021, and now I watch the market fluctuate every day, and my heart ebbs and flows. I hate that every day is a working day. Sure enough people can’t earn money beyond knowledge.
@ Zhang
I don’t know anything, I know the index fund risk is small. The actual fact is that you can find a lot of people who are not able to get a lot of money from the internet. I’m not sure if I’m a big fan of the idea. The highest earned more than 500, but now add up to a loss of 7,000 to 8,000. But I think it can rise back one day. In the meantime, I understand that speculation is not for me, and I have never been right when it comes to exams, and I still have to study and understand to make money.
The past trend
“Speculation, speculation in coins, P2P …… these somewhat distant words are actually still profoundly influencing “money makers”. The trend has passed, but left some permanent traces to those who participated in it. “
@LittleManMan
When I took graduation photos in my senior year of college in early 2018, I met a photographer friend who often posted something related to virtual currency in his circle of friends. I followed him to do investment, at first invested 500 yuan bitcoin, rose, looking for my mother to ask for 20,000 yuan and then invested in. I added a lot of groups, groups of people playing futures, in the group shouting to add a single, others shout, I followed to buy. There is a saying in the cryptocurrency world: “One day in the cryptocurrency world, ten years on earth. “The variables in futures are very intense, just like a roller coaster, and also like gambling. You always see fluctuations in your account, showing how many bitcoins you won, and if you don’t get out in time, the display goes negative. Every 2 minutes, I had to look at my phone and watch the futures go up and down, my heart thumping.
Now that I think about it, it’s a no-brainer to follow. Your entry time and others are time lagged, and by the time you buy, your entry position is no longer safe. Others are making money, I have been losing money, and occasionally burst. I bought it in February and lost a lot of money, but I thought I could still earn it back, so I took out a campus loan and invested $8,000. When I got to July and August, the bitcoin bear market, from more than 10,000 down to 4,000, I lost almost all my money.
I had to pay back 800 yuan in interest on the 8000 yuan loan. In my first year of work, my monthly salary was only $3,000, and I had to pay back the loan, so I borrowed money from friends to get by. The money comes too fast in the cryptocurrency circle. Before, everyone in the group said: “It is impossible to work part-time, it is impossible to work part-time in this life. “But now I feel more and more that people can only earn money within their own Perception. The two APPs for buying futures, I also uninstalled today.
@Jiang
At the end of 2017, when my child was born, I bought the suite on my first visit because the sales kept emphasizing that house prices have been rising, and maybe you don’t earn 100,000 a year as fast as house prices are rising. Rising house prices are indeed a sore point for me and something I fear the most. I graduated from university in 2016, that year Wuhan house prices have doubled several times, the property behind our school, in 2014 is five or six thousand a square meter, by 2016 when it rose to 18,000 or 19,000. In my husband’s unit, many master’s doctoral graduates because they did not buy a house early, living is not as good as colleagues who graduated early from undergraduate school to join the workforce. Many people joke that they should have known not to read this master’s or doctoral degree.
So we are very irrational to buy the first house in life, bought in a small city around Wuhan. Why buy in the periphery, very simple, because there is no money. We put together 230,000 to pay the down payment, after 3000 monthly payments, using the provident fund, then a month to pay 2000. but from the second half of 2018, Wuhan prices did not rise, my house in that one area, the second-hand house prices have been falling. The total price of the house is 750,000, we have invested more than 350,000 in it, and if I were to get rid of it, I would lose more than 200,000. Now we work in downtown Wuhan and have to rent a house to live in.
There are always people around you who will knock you down. Whenever my colleagues or relatives talk about the house, I will think of this failed investment. For this reason I often quarreled with my husband and I would blame him. The reaction to the failure was a chain reaction. If I were to buy a second house, I might still need financial support from Mom and Dad, so what about their retirement? At the worst emotional times, I would repeatedly hate. We are the people with the immediate need for housing, but bought a house that is not the immediate need, so we are trapped in it!
@MissPan
One day in the second half of last year, I opened my Renren loan to check for a refund and to continue to invest part of it, only to find that there was obviously an error in the system and that two maturities had not arrived after a long time. I had a bad feeling and searched the internet and found out that RenRen was a P2P platform that had exploded.
I had a feeling of being in the abyss. I have invested in Renren since 2014, when P2P became popular, and I have been investing until today. At the beginning, I was very cautious and did not put more than 100,000 yuan in it, but gradually, I also put almost 200,000 yuan in it. At that time, it happened that my husband finished a project and more than 200,000 came in, so I thought I would put in the Renren loan for a month and put this money in as well.
My money was ready to be cashed on the 18th and 19th, but it just so happened that on the 17th, it went on the blink. At first I wanted to wait and wait for it to slowly pay off the debt. But it took two to three months just to pay off the 17th. My friends advised me to get out quickly, so I got out with a 6.5% discount and lost almost 200,000. I usually spend money more stingy. This is a relatively big twist in life after the loss of a loved one, right?
I’m still feeling scared to death. At the time of the collective P2P crash, I thought those were small companies and that Renren was the leading company and would not be affected. And in late 2018, it also did a lot of activities that made it feel like its business was still thriving and running well. When these things happen, you realize that some of the things you once believed in are so illusory.
Figuring out a lot of things after a failure
Investing is not just about money, it’s also about life. A “money” failure, bring insights in addition to the way to get rich, but also for the feelings, relationships, thinking about the encounter. “
@teenager
Just a short time into the fund pit, encountered this year’s “down” mother did not recognize. This incident instead made me think through some things. In fact, fund investment is a bit like the attitude towards emotions, when you eat a little sweet, you may be trapped. When hurt one way is to immediately protect yourself, the other is to expect that something good will happen and he will come around. It’s a choice you make anyway, just don’t affect the people around you. If this will make your life terrible, then be sure to stop the loss in time. Fortunately, this loss, even if it’s all of it, won’t make me a terrible person, it’s just a matter of getting the worst case scenario in place. I plan to just keep the fund in place, it’s not going to throw my life away if I have to lose it.
@Mela
I was in college and my dad was in stocks. My dad started out in business, and at a time when everyone had no money, my Family was well off. Then in 2007, a friend suggested that my dad do stocks, just one month 100,000 tripled, so my dad, a working man from a farmer’s background, found a shortcut to wealth, the money originally used to invest in real estate all bought into stocks. Later, we can guess what happened, the financial crisis in 2008, lost a lot of money, when you want to buy the property, in fact, is considered land, now up dozens of times. But he did not give up, for more than ten years a mind to make a lot of money in the stock market, I went to college is also on his advice to enroll in the finance major. Now the money is not earned, pay a lot of tuition, the family business is also worse than a year. After the epidemic, the business was closed and the store was sold to pay off the debt. After learning the professional knowledge in the school system, I knew that he could not make big money in the financial market due to the lack of professional knowledge. No matter how I theorized with him, he always had an obsession that he would be able to flip the market next time, which made me sad and helpless. The negative side of investing is not only the monetary loss, but also the idea of getting something for nothing, which can kill one’s promising future. If you can get down to business, you will make good returns on your career and investments, don’t dream of getting rich overnight.
@sharkjun
In early 2020, because of the epidemic and nothing to do at Home, I taught myself a set of financial management and financial knowledge, and took out 500 yuan to prepare to invest in funds. This time my dad jumped in and suggested that I invest the $500 in his Food truck, and then we both split the dividends in half, which I declined. As a result, a year has passed, I fixed the fund to earn 300 yuan, my dad’s food truck good when the daily income of 100 to 200 …… Now my dad has not seen me, in cheating my 12-year-old sister with the money invested in his food truck. It seems that earning money on the ground is the hard truth.
@littleorange
My Parents gave me a sum of money when I practiced, earned a little and lost a lot. The reason for the failure was that I didn’t do my own research, was gullible and adventurous, and didn’t keep up with the management after I bought. But they didn’t say a word, and realized even more that my parents see me as very important, and that it’s okay for them that I’m safe and happy.
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