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On investment banking, there is a simulation of the reality of the game called 'cash flow', the minibus once recommended for everyone this kind of investment banking game. Dice chess board games simulate the financial and investment life, every throwing a sieve, go to the corresponding grid, you may face pay, investment opportunities, market volatility, unexpected spending and so on.
The PLB has come into contact with this game for several years, initially as a player, and later as a referee. Over time, the PLB found out that this is indeed a very good simulation game. The game shines into reality, in reality, almost all investors The mistakes in the game will be one by one. Not sensitive to money, 'wait' money instead of 'find' money Since it is about money games, the most basic part is from the beginning of wages. There is a grid in the game is cash flow, as long as passing this grid can receive a salary, but there is a rule must take the initiative to take over their own, not expired. In this simple can no longer be a simple basic link, the beginner is likely to planted a lower heel. According to the incomplete statistics of the PLB, two-thirds of those who play this game for the first time will miss a wage claim. For example, in the most recent one-day game a few days ago, there were 8 players, of which 4 For the first time, 3 individuals forgot to receive their paycheck five times, two of them forgotten after being reminded of the referee for the first time, and the result was later forgotten. Now, our wages are directly hit Cary, certainly will not forget, but the game is actually reflected in a state of mind, beginners are 'waiting for' money and opportunities, and senior players, 'find' money and opportunity. Whether it is buying a house, buying stocks or buying funds, the point of view the minibuses have long been is to take a look at these assets over the past 10 years and to do some research, for example, buying a house and starting preparations when the property market is cold and you do not want to Wait until the heat waves are rushed to the face, and only hurry to consider, lily are cold. I do not know how much money I have How much do you have? The question looks silly, and who does not know how much money you have. The game is just as real as how much cash you have at your fingertips, and you are often overwhelmed by the assets of the entire family. Each round of the game, players will be based on changes in investment and assets, make adjustments in their balance sheets, which is the most wrong part of a link. Not only beginners do well, the performance of many older players Not very good either. How much you really have is a problem for everyone. If you do not believe it, let's try a little test to see how well you know your finances: The first step: Now (or after reading the article), find a piece of paper, first estimate his net assets in the heart, write down, accurate to the first two (for example 123,680, you should be 120,000); The second step: in accordance with the property, stocks, funds, bank management, and other assets, the same as in the past, all their own money calculated, a difference of more than one. Note: net assets, total assets deducted liabilities, such as the house now the market price of 1000000, 500000 mortgage, the house net 500000. The requirement is not high. If your error does not exceed 10%, even if you meet the standards, the minibus estimates that there will not be much, most likely not more than half the people who can make the estimation and the actual error less than 10%. Will not add leverage Do not understand the state of assets there is a deeper state, we can mobilize the assets of the basic completely vague, where the minibus referred to as the situation will not be added leverage. The problem of adding leverage to personal assets is in fact already commonplace. The problem is that many people do not know when, where and how to leverage. In China, there is only one market in which fools use leverage, that is, the property market, loans to buy a house, and many others choose to buy the entire market at such a low interest rate. The other one that can be leveraged is the stock Margin, understand a lot less people. At the start of the game, the referee told everyone to borrow from a bank on a credit loan equal to 10 times their monthly cash flow (net income after deducting the necessary expenses for each month) at an annual interest rate of 10%. Note: 10% now seems high, but considering the game background High inflation in the United States in the 1970s and 1980s, 10% is actually not high, you see when the real estate rental than 10% -50% so high. Novice in the face of an investment opportunity, the general will not choose to borrow money from the bank, one explanation is that 'no alternative, do not like to owe money, I feel very troublesome'. This is still good, after all, is the ability to borrow, but subjectively unwilling. Alternatively, many players do not know how much money they can mobilize - for example, they do not expect that in the game, they can find other players to borrow or even invest together, as long as the interest rate is right. In fact, the minibus encountered such a real case: A good friend to buy a house, down payment of 1.5 million, cash at home, a full range of credit loans 500,000, but also the lack of 1000000. Their family has a bank financial management is still one year before maturity, but he thought the price To rise, can not wait, and the landlord is urging the deal, so he decisively find 10 friends were borrowed 100,000, 3 days later, the money is credited into the account. This is more than a year ago, when he bought a house, up at least 50%. Some people would say that it is not wrong to borrow one million people because of the wealth of money in his home. But even then, not everyone can borrow this money from his friends within three days. Borrowing money to buy a house, even if it is not the mainstream, is by no means a case, some people in the previous two years and in the first-tier cities have borrowed 3 million to buy a house, are real cases. Why we need to uphold our credibility, because only when it comes to borrowing money, to truly reflect the value of credibility. Most of the time, we can get from the open market, lower interest rates, credit is limited, you There are always one or two times in your life, you need friends to take the handle. Plus the principle of leverage, in fact, no difficulty, the key is to borrow money, and a clear estimate of this is also a capability. Investing blindly, can not judge the opportunity is good or bad On the basis of leverage, if we talk down, the problem many people are not willing to owe money is that they can not recognize the opportunity. We often hear that the reason for a novice investor losing money is that despite the risks, the PLB thinks that it is not that it does not care about the risks but does not Concept of risk. If there are several new players in one game, then everyone is following others. The rhythm is taken away, others buy me, others do not buy me or not. As a result, the previous rounds are either very radical or very serious Monotonous, dug himself a pit. Beginners investing in financial management, do not lose is not long memory, and even ate loss, but also did not see a certain long memory. The worst choice for market education is to repeatedly warn you of the risks of investing. Do not buy stocks, buy funds or buy real estate. It is basically useless. The second choice is to show the evolution of the market cycle, ask them a little bit of patience. Relatively better, let them go to test the water in the financial assets, it is better to prepare a plan to completely lose money, the first year of losing lose, hard to toss .As to buy a house, do not try, and change One way, they do not buy a house, someone always buy a house around it, just follow all the steps on the pit again, also know a seven thousand eight hundred eighty-eight. If a beginner really wants to stick to it without knowing it, it can only rely on luck. After all, three-year-olds use sledgehammers and the probability is to drop themselves. A game is a lifetime, senior players is the life experience with a few lifetime, because they play the game, that is, continue to play + summary + exchange process.
In reality, investment and wealth management are the same. You will find that most of the problems for beginners in investing and financing are not simply the problems of knowledge and skills in finance and investment, but also the ways of experience, knowledge and service. Tragedy is the reality that we have only a lifetime, there is no chance to restart a Council, to accumulate a few life experience and knowledge, only by learning to learn and then learn.
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