If I could go back to 2013
I would go all in on Bitcoin, putting in 1 million, and ten years later making 2.6 billion;
I'd also invest in Tesla, making 120 million;
And add some Apple stocks, taking home 98 million...
Just thinking about it feels great.
Unfortunately, the time machine hasn't been invented yet. The chart shared in the group today showing 'If you had invested 1 million in different assets 10 years ago, how much would it be worth now' only leaves us staring in disbelief.
The chart is thrilling:
Bitcoin 2600 times
Tesla 120 times
Apple 98 times
Even BYD and Xiaomi have risen to unimaginable levels.
And government bonds, CSI 300? After ten years, they barely keep up with inflation.
So, everyone in the group is lamenting:
"If I had known..."
But upon calm reflection, there are three overlooked truths in this chart:
First, it only talks about the winners.
It's like only reporting lottery winners while neglecting how many people lose everything.
Bitcoin is strong, but most people were scared away after a crash;
Who remembers the long lines of people when Tesla dropped from 900 dollars to 100 dollars?
Let alone the likes of LeEco, OFO, P2P - many were wiped out overnight.
Second, holding on for ten years is harder than making money.
The returns in the chart represent an ideal state of 'holding it dead until now.'
In reality, greed during surges and cutting losses during crashes are the norm.
Being able to hold from beginning to end is a skill of the masters, not a standard for ordinary people.
Third, being at the bottom doesn't mean it's bad.
Government bonds rising to 1.4 million over ten years may seem average, but they are stable and serve as a lifeline in crises;
Although the CSI 300 has low returns, it has avoided countless pitfalls.
So, such charts are just for looking, don’t get swept away by the hype.
Behind the stories of getting rich quickly are three hurdles: luck, mindset, and time, all of which are essential.
What ordinary people should focus on is not chasing that 0.1% chance of windfall, but instead using a steady approach to steadily increase their accounts.
What can truly carry you through the storms are those assets that don't show off, aren't quick, but keep rising steadily.