Charlie Munger once said, the first $100,000 is a ticket to get on board the investment world.
With this 100,000, you truly get on board the table of compound interest, making money with money, rather than relying on selling your labor or depending on luck.
Converted to today's purchasing power, it is roughly equivalent to 250,000 USD.
Recently, newcomers have been eagerly asking me: since the prices have dropped, what should we buy?
My reply has always been simple: cherish every income until you actually save up this 250,000.
Especially during market downturns, it's even more important to learn to preserve your gains and cherish what you've already earned, rather than rushing to bet on turnaround opportunities in projects you don't understand at all.
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Charlie Munger once said, the first $100,000 is a ticket to get on board the investment world.
With this 100,000, you truly get on board the table of compound interest, making money with money, rather than relying on selling your labor or depending on luck.
Converted to today's purchasing power, it is roughly equivalent to 250,000 USD.
Recently, newcomers have been eagerly asking me: since the prices have dropped, what should we buy?
My reply has always been simple: cherish every income until you actually save up this 250,000.
Especially during market downturns, it's even more important to learn to preserve your gains and cherish what you've already earned, rather than rushing to bet on turnaround opportunities in projects you don't understand at all.