Why do people born after 2000 and in the 1990s not engage in stock trading? Because making money through stock trading is too slow.
Stop listening to the motivational talks of investment masters. When Lin Yuan entered the market, he had 8,000 yuan and made daily buy-sell operations, earning 120,000 yuan in just over a year. Later, he went around collecting abandoned equity certificates, seeking big opportunities behind the game, including enjoying conversion...
Warren Buffett did short-term trading in his early years with an annualized return seemingly exceeding 60%. The stock god is indeed a stock god. Later, he shifted to long-term investments, not because he couldn't do short-term trading, but simply because the amount of capital was too large.
Xu Xiang, Zhang Mengzhu, and others also started primarily with short-term high profits. As their capital grew, they began to transition into big investors, entering the top ten shareholders. If you plan to use 30,000 yuan or 50,000 yuan to accumulate to tens of millions with an annualized return of 10%...
In a situation of having nothing, losing a few tens of thousands is manageable. Young people are full of energy and can save it back after a few months of hard work. Poor people's opportunity cost is low; once they lose everything, they can accumulate again in a few months or years. The rich can't do that. Just look at those who have accumulated tens of millions or even billions over a lifetime. After one failure, it is very difficult to return to their peak, even for Xiao Yang...
If they succeed, they can turn their lives around. That's why those born after 2000 prefer to invest in gold, virtual currencies, virtual collectibles, the second dimension, etc. Is the plan to slowly become rich with tens of thousands of yuan and remain limited to seven figures for a lifetime?
Having less money means lower opportunity cost; if you can afford to lose, you can pursue higher returns. Gui Ge doesn't even dare to expect an annualized return of 10% now, as having more money means starting to conserve wealth. It's purely because the capital is large, and they don't dare to take big positions unless there is a particularly urgent drop, and they only dare to heavily invest in ETFs...
If you still have the mindset of slowly becoming rich with little money, you are probably still working day by day now. After graduating back then, I went straight home to engage in virtual e-commerce, reselling game items. In less than two years, I bought a house and a car outright, with savings of over a hundred thousand yuan, and the initial capital was just over 10,000 yuan that I saved from working a few months and borrowing from my boss.
Almost all self-made wealthy individuals made their first bucket of gold through speculation, riding the wind and relying on coincidence. One cannot become rich without unexpected windfalls.