date: 2021-05-30
description: The author shares insights from reading investment books and blogs in the past two months, introduces that the “Youzhiyouxing” product focuses on the psychological education of investment users, conveys viewpoints such as lowering expected returns, and also recommends the book “Achieving Financial Freedom through Regular Investment in Ten Years”, which details the methods of regular fund investment.
keywords: investment, Youzhiyouxing, Achieving Financial Freedom through Regular Investment in Ten Years, regular fund investment, realizing the value of investment cognition
tags:
- investment
title: Investment is the Realization of Cognition
Recently (about two months), I’ve come across some investment books and blogs that I think are really well - written. They clearly explained many things that I had only a vague understanding of before.
The title is from an article, and the complete sentence is as follows:
Investment is the realization of cognition. Investment success ultimately comes from becoming a better version of ourselves.
Thinking about my experiences over the past few years, this sentence is truly excellent.
Youzhiyouxing
“Youzhiyouxing” is a new product by Meng Yan, available on both web and client - side. Those interested can search for it on their own. This product mainly focuses on user education in investment and investment book - keeping. I haven’t used the investment book - keeping feature, so I won’t comment on it. However, I’ve read all the articles on user education.
Unlike various “teachers” online who recommend stock codes, Youzhiyouxing places more emphasis on the psychological education of users.
There are several series of articles. My favorite is the “Youzhiyouxing Investment First Lesson” series. Articles in this series cover topics from cognition to emotions and then to practical operations. They not only present practical knowledge points but, more importantly, constantly instill three viewpoints in readers:
- Lower expected returns.
- Be patient.
- Invest with spare money.
Although these three viewpoints seem simple, and most people should agree with them, in fact, very few people can actually follow them. Otherwise, a big shot like Meng Yan wouldn’t have to put so much effort into conveying them in the first lesson of user education.
Take myself as an example. I read similar viewpoints in college and thought they made sense. But in the actual investment process later, I failed to follow them. It was not until the beginning of last year that I started to realize the problem and gradually deliberately required myself to act in accordance with these requirements (but I didn’t clearly describe these viewpoints to myself until I saw them in the blog recently, and then I suddenly felt that I understood a lot).
In the years when I didn’t invest according to these viewpoints, I lost a lot of money. Sometimes, I clearly knew that if I waited a little longer, I would surely make money. But due to the need for money, I had to sell at a loss, turning the paper loss into an actual one. It was not until the winter of the year before last that I slowly started to make money. Just as the title says - investment is the realization of cognition.
Achieving Financial Freedom through Regular Investment in Ten Years
“Achieving Financial Freedom through Regular Investment in Ten Years” is a book about regular fund investment by “Bank Screw”.
Some time ago, WeChat Reading recommended the “Snowball Investment Classic Series” to me. There are 7 books in this set, and the first one is “Achieving Financial Freedom through Regular Investment in Ten Years”.
This book can be roughly divided into two parts:
- Why invest regularly (the benefits of regular investment).
- How to invest regularly.
I read this book after finishing the Youzhiyouxing series of articles mentioned above, and I suddenly had an epiphany. Youzhiyouxing focuses on transmitting viewpoints, but doesn’t cover much in terms of practical operations. However, the book “Achieving Financial Freedom through Regular Investment in Ten Years” introduces various methods of regular fund investment in great detail.
I don’t expect to really “achieve financial freedom through regular investment in ten years”, but I hope that my current investments will bring me substantial returns in twenty or thirty years.