[Book Sip] If You’re Serious About Investing, ‘Inflation Is Actually Good’
Some sentences encapsulate the entire content of the book itself, while others instantly resonate with the reader's heart, creating a connection with the book. We present meaningful sentences excerpted from the book. - Editor's note
In today's era, where getting married, buying a house, and raising children well have become difficult dreams to achieve, the author says, "Nevertheless, there is a way out." He emphasizes that 'faith' is more important than study and analysis to succeed in investing, and the object of that faith is 'inflation.' The author states that those who maintain this faith can become wealthy. He advises discovering and focusing investments on tangible assets such as real estate, where inflation is likely to occur, and shares his know-how.
When the stock market crashed during the 2008 financial crisis, many people sold their stocks and left the market sadly, vowing "never to look at stocks again." However, there were those who held on until the end or even bought stocks at that time. Those who patiently invested in stocks eventually succeeded in growing their wealth.
If someone bought Samsung Electronics stock 20 years ago and another person bought an Eonma Apartment in Gangnam with the same amount of money, who would be wealthier now? The life of the person who bought Samsung Electronics stock is much wealthier.
Especially in 2023, interest rates are rising and supply is increasing, so house prices are expected to fall. House prices are likely to decline as early as 2022 or at the latest in 2023. Is it still good to buy a house even though a price drop is expected? For young adults without a home, the answer is "yes."
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- [Breaking] Samsung Labor-Management 'Performance Bonus Negotiations' Fail in Third Mediation... Union Says "General Strike to Proceed as Planned Tomorrow"
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- Bull Market End Signal? Securities Firm Warns: "Sell SK hynix 'At This Moment'"
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
Rather Good Inflation | Written by Shin Dongwon | Gilbut | 16,000 KRW
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.