HOW BAD LUCK WORKS: OR WHY YOU ALWAYS LOSE GAMBLING (PART I)

How Bad Luck Works: Or Why You Always Lose Gambling (Part I)


<h2>1. What is New Money?</h2>



<p><a href="https://dictionary.cambridge.org/dictionary/english/new-money">New money</a>&nbsp;refers to an emerging group of rich people who are self-motivated and do not need family assets. This word often carries shades of ridicule and contempt.</p>



<p>There are many synonyms for new money such as:</p>



<ul><li>The expression “rags-to-riches” describes a situation where people go from poverty to become rich;</li><li>New rich;</li><li>China has the word “Fu Er Dai”, which refers to the children of the “Rich One Dai” &#8211; the first generation of wealth.</li></ul>



<h2>2. The origin of new money?</h2>



<p>The concept of “new money” existed before the word came into existence. In ancient Rome, the word “novus homo” (new man) was used to refer to people who were born with low status but were later allowed to work. The British also used the word “new man” to refer to the new aristocracy.</p>



<p>Similarly, in French there is a word nouveau riche that refers to people from the lower classes, but thanks to their wealth, they are promoted in society. The opposite of this class is “old money” &#8211; a group of rich people for many generations.</p>



<h2>3. Why is new money so popular?</h2>



<h3>New money pattern</h3>



<p>In 2004, 50 Cent mentioned himself being called “new money” in the rap song “This is how we do” because he succeeded so quickly.</p>



<p>In popular culture, the antagonism between new money and old money is frequently exploited. These two genders are also often labeled with stereotypes.</p>



<p>New money is said to have a lot of wealth but does not receive much credibility, especially when they often show off their wealth. This precept is also often equated with a lack of depth due to a lack of a good education.</p>



<p>Meanwhile, old money families are said to be well-to-do and well-ordered. An example of old money is the movie Crazy Rich Asians (2018), about the rich families of many generations in Singapore.</p>



<h3>New money in culture</h3>



<p>In literature, Gatsby is a typical figure of the new money world. Opposing Gatsby are Daisy and Tom, characters born in velvet. In addition, the movie The Wolf of Wall Street also addresses this topic through the character Jordan Belfort.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="768" height="541" src="https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image-3.jpeg?resize=768%2C541&#038;ssl=1" alt="Gatsby and Jordan are both played by Leonardo Dicaprio" class="wp-image-171" srcset="https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image-3.jpeg?w=768 768w, https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image-3.jpeg?resize=300%2C211 300w" sizes="(max-width: 768px) 100vw, 768px" data-recalc-dims="1" /></figure></div>



<p>Leonardo Dicaprio seems to be very familiar with the new money class as he both plays Gatsby and Jordan. Both characters are described as people who rise from nothing and then indulge in material life with lavish parties.</p>



<p>It can be seen that bad habits, pomp and generosity are the stereotypes that make people hate new money. In addition, TikTok trends specializing in “flex” of wealth also increase prejudice.</p>



<h3>The rejuvenation of the rich</h3>



<p>According to a Bloomberg report, the age of billionaires is getting younger and younger as business owners have been exposed to potential opportunities thanks to technology early on. New careers such as KOLs, influencers and the development of cryptocurrency also help “rejuvenate” the age of the “giants”.</p>



<p>However, it must still be emphasized that young people get rich early, be it people like Mark Zuckerberg &#8211; a self-made billionaire, or Paris Hilton with a rich family for several generations.</p>



<h2>4. How to use new money?</h2>



<p>A: Why do we hate new money but we can’t stop watching them?</p>



<p>B: Curiosity, I guess. Look at the Kardashians, they get all the hate but are still getting rich and famous.</p>


New Money – Why are rich young people be hated?


<p>It’s not easy to manage a business, not to mention the hardest part: Get new customers, especially when covid-19 still has no sign of abating.</p>



<p>These days only businesses that can adapt will survive. Try different channels, I mean if you have an Offline business, you should put it online, if you already have an Online business you should try new ways to promote it to let your customer know about your business. But It really depends on the industry your business operates in and where your target audience is.</p>



<p>Make a research which platform/channel they use the most and use the tools to make marketing there.</p>



<p>Here are some ways that can help you get a new customer to your business.</p>



<h2>Get new customers with Google Adwords</h2>



<p>If you think the people first search for your product online, then running a Google Adwords campaign is not a bad idea. Attract new customers when they search for the products or services related to your business. You can even list your business on Google Maps for free.</p>



<p>Google Adwords is consistently seen as one of the best ways to reach your prospective customer, drive traffic to your business, and ultimately increase sales.</p>



<p>But there’s no point in starting a marketing strategy unless you know what you’re doing, so education is key. There are many sources that you can search for to know how to run your first Google Adwords campaign but in my opinion&nbsp;<a href="https://support.google.com/google-ads/">Google Ads Help</a>&nbsp;is the best of all or Youtube if you prefer learning by watching.</p>



<h2>Get new customers with Facebook/Instagram Ads (Social Media Platform)</h2>



<p>Social media platforms have many big names : Twitter, Facebook, Instagram, Pinterest, LinkedIn,…But for me, Facebook and Instagram are the best places.</p>



<p>If the audience uses these channels the most. There is no reason that you should not try to run ads on these platforms. Millions of people use Facebook and Instagram every day, and your potential customers, clients, and prospects are likely there, too.</p>



<p>Use ads to reach a large audience of social media users, including your contacts, people similar to your contacts, new audiences based on criteria you choose, or people who visited your site.</p>



<p>After you publish your ad, you’ll be able to start tracking ROI, engagement, and cost-per-click results in your Facebook Business Reports. This way, you’ll see the value of every ad dollar you spend. But be careful, you should try with a small budget ($5-$10/day) at the beginning, then track the data, and try to know your potential customers. Only increase the daily budget if it has conversion.</p>



<p>If your services are more business related, it’s a good idea to try LinkedIn Ads.</p>



<h2>Get new customer by create a Affiliate Program</h2>



<p>In my opinion, this is not the best way to get new customers but it’s the safest way i thought.</p>



<p>So&nbsp;<strong>what is Affiliate Program</strong>?</p>



<p>Affiliate Program at its core is just a partnership between your business and a partner(Marketer, Salesman or a Company etc). You will pay the affiliate partner when they refer customers to your business. You can pay per lead, or only pay per actual customer that signs up and buys your product. The best thing about affiliate programs though is that everyone wins.</p>



<p>I hope this guide has helped in that regard and remember</p>



<blockquote class="wp-block-quote"><p>The best way to get people into a store is to give them a reason to go to the store.</p></blockquote>


The most effective way to get new customers in 2022


<p>In this article, I will guide you on how to clean your MacBook laptop or iMac computer.</p>



<p>Did you hear about “cache”? If you’re interested in cleaning your mac or your browser, you must have heard of it, right?</p>



<blockquote class="wp-block-quote"><p>Cache File: For those of you who don’t understand, this is a temporary file that helps your computer run faster. For example, Safari will download and save the image, font … of the website you visit for the first time, next time you visit it again, you do not have to reload this information.</p></blockquote>



<p>Cache files will increase over time and take up a lot of hard drive space, so deleting them is a great idea.</p>



<p>I will separate Cache File into 3 main types:</p>



<ul><li><strong>System Cache</strong></li><li><strong>User Cache (Come from Applications)</strong></li><li><strong>Browser Cache (come from Browser: Safari, Chrome, etc.)</strong></li></ul>



<h2>Clean System Cache on Mac</h2>



<p>In my opinion, you shouldn’t clean the system cache because the application you use will generate some important files here. It’s best not to touch it to avoid errors.</p>



<p>Moreover, the System Cache only takes a few percent of junk files, so you can ignore them.</p>



<h2>How to remove User Cache on Mac</h2>



<p>User cache generates GB of junk files on Macbook, so deleting it is extremely necessary.</p>



<p>Here’s how to clean junk files on Mac and remove user cache:</p>



<ol><li>Open <strong>Finder</strong></li><li>Press <strong>Command+Shift+G</strong></li><li>Enter the following command and select <strong>Go: <code>~/Library/Caches</code>.</strong></li></ol>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="668" height="384" src="https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image-1.png?resize=668%2C384&#038;ssl=1" alt="" class="wp-image-162" srcset="https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image-1.png?w=668 668w, https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image-1.png?resize=300%2C172 300w" sizes="(max-width: 668px) 100vw, 668px" data-recalc-dims="1" /><figcaption>Finder</figcaption></figure></div>



<ol><li>You will see all of your Cache Files.</li><li>You can delete all files by <code>Press Command+A</code> to select and hit the Delete button on keyboards or Right-mouse and select Move to trash. Press Command and click on the folders you want to delete if you don’t want to remove all files at once.</li><li>In the pop-up that appears, you’ll need to enter your user name and password.</li></ol>



<h2>How To Clear Browser Cache on Mac</h2>



<p>If you surf the web a lot on your Macbook, clearing the browser cache is very, very important. Because most of your junk files are here.</p>



<p>Let’s try to calculate:</p>



<p>Each website you visit is 3MB in size. Every day you visit 100 websites so the number will be 300MB. One month you use it, how terrible will the capacity be.</p>



<h3>How to clear cache on Chrome:</h3>



<ol><li>Select <img style="width: 20px;" src="https://i0.wp.com/res.cloudinary.com/dulr2rx9n/image/upload/v1624532470/istockphoto_957096060_170667a_1_1627d97fed.jpg?ssl=1" alt="icon" data-recalc-dims="1"> , at the top right of Chrome</li><li>Select <strong>Settings > Advanced > Clear browsing data</strong>.</li><li>Only select Cached Images and files.</li><li>Select <strong>All time</strong> > <strong>Clear Data</strong>.</li></ol>



<h3>How to clear cache on Safari:</h3>



<ol><li>At the top left, select <strong>Safari > Preferences</strong></li><li>At the Advanced tab, check the box Show develop menu bar</li></ol>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="812" height="417" src="https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image-2.png?resize=812%2C417&#038;ssl=1" alt="Advanced tab" class="wp-image-163" srcset="https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image-2.png?w=812 812w, https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image-2.png?resize=300%2C154 300w, https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image-2.png?resize=768%2C394 768w" sizes="(max-width: 812px) 100vw, 812px" data-recalc-dims="1" /><figcaption>Advanced tab</figcaption></figure></div>



<ol><li>At the Safari menu. Click <strong>Develop > Empty Caches</strong></li></ol>


How to clean junk files and remove user cache on mac 2022


<p>Last year I read more than 120 books. When I posted a collage of my favorites of those 120 reads on Instagram, a lot of people asked me what my secret was to digesting that many topics in 12 months.</p>



<p>I’ve developed several strategies over the years of reading for both work and hobby, and I’ll share them below. If you’re looking to read more books this year, maybe they’ll work for you, too.</p>



<h2>The biggest trick to read more</h2>



<p>When people ask me how I read so many books, they usually expect a speed reading technique that allows their brains to swallow the book whole.</p>



<p>Reading speed certainly plays an important role in reading technique but that’s not my real secret.</p>



<p>Sit down, please. I will whisper the secret to reading many books.</p>



<p>Are you ready?</p>



<h2>1. You should spend more time reading.</h2>



<p>I spend a lot of time reading because it’s part of my job.</p>



<p>In preparation for my podcast, I read client books. When I write articles, I read books to study. Reading is only part of my job.</p>



<p>The amazement at the number of books I read in a year is the same as the surprise at the number of leaky faucets a plumber fixes in a year. It’s not very impressive when it’s what you do for work.</p>



<p>That said, in addition to the books I read specifically for The Art of Men last year, I also try to read 2-3 books a month for my enjoyment. That’s more than two dozen non-work related books in 12 months. That’s the amount of time I think most men with the busiest schedules can achieve in a year.</p>



<p>So the #1 secret to reading more is spending more time reading.</p>



<p>How did you have this time?</p>



<h2>2. Make time to read</h2>



<p>In fact, you can’t find the time to read; you have to make time for it. And the best way to make time for something is to include it in your daily schedule.</p>



<p>You don’t have to spend an hour reading. If you’re just starting to make reading a priority, you probably haven’t given it enough attention yet, and trying to read for that long in one sitting will likely frustrate you.</p>



<p>Instead, spend 30 minutes in the morning and 30 minutes at night reading. More unfortunately, do that about 20 minutes if half an hour is still too long. Instead of wasting your usual time scanning smartphones at those times, you will read.</p>



<p>You will be surprised how many books you read in a month by reading for an hour a day.</p>



<h2>3. Take advantage of your free time to read</h2>



<p>Although your daily schedule may seem hectic, there are always little moments hidden in its crevices that you often waste. A few minutes between activities or appointments may seem trivial, but they create amazing possibilities in your spare time!</p>



<p>Standing in line at the post office? Read a book. Cooling the roots of your teeth at the dentist? Read a book. Waiting to pick up your child from school? Read. I would even read between sets while I was lifting weights.</p>



<p>The easiest way to get ready to read when you’re short on time is to download the Kindle app on your phone. You almost always carry your phone with you and therefore will almost always have a library at your fingertips. (And for cheap if you want; you can get thousands of classics for free.)</p>



<h2>4. Avoid reading on your smartphone</h2>



<p>I just recommend using the Kindle app on your smartphone to read more. Now I will do the exact opposite of that advice by recommending that you avoid reading on your smartphone as much as possible.</p>



<p>Let me explain.</p>



<p>I’ve noticed that when reading on my phone, I tend to get really distracted. I would read for 5 minutes, but then itch when checking email or scrolling through Instagram. I’ll do a quick check of other apps and then come back to read. Five minutes later, the “addiction” returns, and I repeat the cycle. I never got any good and focused reading while reading on my phone.</p>



<p>Therefore, I try to read mostly with physics books. Furthermore, studies show that reading comprehension increases when you read an analog book compared to reading on digital devices. Maybe it’s because you’re more focused when using old media.</p>



<p>Another advantage of a paper book is that I find it easier to highlight and take notes than with e-readers.</p>



<p>While I try to do most of my reading with physical books, digital books still have a place in my reading schedule. I use the Kindle app to read in my spare time and need nothing more. An idle “moment” lasts about 5-15 minutes, or how long I can read on my phone before developing an itch when checking another app.</p>



<p>Of course, I read different books on my phone and paperback. At any given time, I’ll read one book in paperback and another on my Kindle app, often choosing a “lighter” book over the latter because it doesn’t give me the most money. lasting attraction and attention.</p>



<h2>5. Use your travel time</h2>



<p>If you commute to work by subway or bus, use that travel time to read. Before our managing editor Jeremy started working for AoM, he took the bus every day to work and used that time to read. He was able to complete several books during those trips.</p>



<p>My favorite time to read is when I’m on a plane. You’ll be surprised how much reading you can get on a two-hour flight without the distractions of relying on Wi-Fi. In fact, you could finish an entire book from start to finish in that amount of time. Short books, of course. I’ve read The Road, The Great Gatsby, Death of a Salesman, The Bhagavad Gita, and The Innovator’s Dilemma, all in 2-hour rides.</p>



<p>Next time you’re traveling by plane, instead of loading your phone with apps and movies, stock it up with books. Better yet, carry a physical book or two in your carry-on.</p>



<h2>6. Read with your ears</h2>



<p>I don’t listen to too many audiobooks; it’s not my preferred method of taking in literature. But if I’m going on a long road trip where I’ll have to do most of the driving, I’ll buy a few on Audible to spend some time. time. If you’re on the road a lot, your drive could be a golden opportunity to digest a large library of books.</p>



<h2>7. Speed read strategically</h2>



<p>As mentioned above, when people ask me how I read so many books, they often assume that I am reading so fast. But when I use the reading methods above, I usually read at a fairly normal speed (I think my normal speed is a bit faster than average, but not so fast it qualifies as speed reading).</p>



<p>Speed ​​reading courses will confirm that you can have amazing comprehension reading a million words a minute. It’s not true. While there are many exercises to increase reading speed while maintaining good comprehension, there are bound to be some people who lose comprehension if they read faster. For that reason, I don’t like speed reading.</p>



<p>I sometimes read quickly or skim books. But I do so strategically.</p>



<p><strong>Certain types of books are beneficial for speed reading</strong></p>



<p>Specifically, business books and self-help books are “pop-y” – the kind of books you would buy at an airport bookstore. These genres of books are often formatted for easy browsing. They make extensive use of headings, bold first sentences, and bulleted lists. You can read and skim these books fairly quickly and still understand their contents. The subtext in it usually doesn’t really add much to the main points; it often includes anecdotes demonstrating how a certain principle is put into action. Such stories can be interesting, but they are often trifling stories.</p>



<p>Another reason these business/self-improvement books are easy to read is because they all say the same thing. If you’ve read a personal development book, you’ve read them all. I can’t count how many I’ve read with reference to the marshmallow test or that “stealth” gorilla in the basketball court study. As soon as I see the “marshmallow test” in a book, I skip all the pages describing the test and the imperative explanation of the importance of delaying gratification because I read about it all three million times.</p>



<p>While I will skim through personal and business development books, I do not speed up reading things that require concentration and attention to fully understand, like works of philosophy, history, or science. . For example, Alistair MacIntyre’s After Virtue is extremely confusing when you’re reading it at a snail’s pace; will be incomprehensible if you pass it.</p>



<p>I also don’t speed up reading novels. First, with fiction, there’s a lot of nuance in the story that can be lost if you skim it. Second, fiction is often filled with literary flourishes that must be read slowly and deliberately in order to be truly absorbed and appreciated. If you’re reading Dickens or Austen quickly, you’ll miss the prose that’s worth loving. Finally, reading novels is supposed to be fun. Why would you want to go through an exciting experience as quickly as possible? I remember how confused I was when I finished Lonesome Dove for the first time; I just want it to continue.</p>



<p>So reading speed is necessary but only occasionally and strategically.</p>



<h2>8. Taking Notes and Remembering What You Read</h2>



<p>Another question I often get with my reading too much is whether I have a note-taking system.</p>



<p>I have &#8211; but it’s nothing fancy and might not even qualify as a ‘system’. If I’m reading a physics book, I underline the sentences; put brackets around main paragraphs of text; And if there’s a point that I think is really important, I’ll put a star next to it. When I finish a book, I will skim the book and review my notes.</p>



<p>If I’m using a Kindle, I just bookmark passages and revisit those highlights when I’ve finished reading the book. Sometimes I also download those notes and save them on my computer.</p>



<p>A final question I often get asked about my reading is how do I remember everything that I read.</p>



<p>Short answer:</p>



<blockquote class="wp-block-quote"><p>I don’t! I just try to remember the things that are important to me. I mentally strengthen those important things in a few ways.</p></blockquote>



<p>The biggest key to remembering what you read is to synthesize and apply it as quickly as possible. For me, that means writing an article or giving podcast questions based on my reading notes. Those two actions help me better remember what I just read.</p>



<p>With the books I read for pleasure, I will share some of their interesting tidbits with Kate or a friend. It’s much easier for me to jot down what I say to other people.</p>



<p>Another way for me to remember what I read is through repetition. As I’ve spent years reading a lot, I’ve seen the same ideas pop up over and over again. For example, I know a lot about World War II history because I read a lot of books about World War II. I know a lot about Theodore Roosevelt because I have read many books about Theodore Roosevelt. I know quite a bit about psychology because I have read a lot of books on psychology. And when it comes to the self-help genre, while it’s beneficial to hear different authors’ perspectives on things, there’s really not much that’s new! Every time you come across the same ideas and set of facts &#8211; put in slightly different ways and contexts &#8211; they become more and more firmly established in your brain.</p>



<p>So if you want to remember what you read, find a way to synthesize it, apply it, and talk about it right after. That could mean writing a book review, summarizing the important things, or coming up with some ideas from a book in conversation with your friends.</p>



<p>Another way to remember more of what you have read is to simply read more about that particular topic until it is well rooted in your brain.</p>


8 Simple Ways to Read More and Enjoy Books In 2022


<p>Last week must not have been a happy time for US investors, when the Fed announced to raise interest rates in 2023, instead of 2024 as they promised before., while the stock market everywhere fell. then a term surfaced in the newspapers,&nbsp;<strong>“Tapering Tantrum”</strong>, with great concern about economic risks.</p>



<p>So What Is Taper Tantrum mean? And what effect will it have on us? Let’s find out with me.</p>



<h2>The origin of the word taper tantrum is?</h2>



<p>During the recent Covid-19 period, central banks around the world have applied a series of policies, such as: injecting money to commercial banks, lowering interest rates, and buying securities to bring money to the market. school, etc. All of these efforts have been instrumental in the great kind of policy many people have heard of &#8211; expansionary monetary policy.</p>



<p>Among them, quantitative easing is a favorite tool of the Fed. Simply put, they will buy a series of securities and bonds to inject money into the market instead of printing money directly. This policy is even more popular in the Covid period when interest rates are close to 0% and cannot be reduced further.</p>



<p>The US favors this tool so much that the amount of money they use to buy securities in the period 2020-2021 is 4500 trillion USD, double the number of previous years. But everything has its price.</p>



<h2>So what does the above have to do with tapering?</h2>



<p>When money is pumped too much, an inevitable thing will happen, which is inflation. In fact, inflation in the US in May was at its highest level since the 2008 crisis, putting an end to money injection activities. Specifically, the Fed will stop buying securities anymore. That phenomenon is called “tapering”…</p>



<p>But while the market is enjoying abundant money for a long time, tapering can send the market into a “drug shock” &#8211; aka taper tantrum.</p>



<p>Theoretically, when tapering activity starts to take place, the economy can have negative reactions, such as a stock market crash, as investors have become too dependent on strong money injections. strongly from the Fed.</p>



<h2>But things weren’t so terrible</h2>



<p>In fact, it was feared that the taper tantrum that occurred in 2013, when the Fed announced massive bond-buying activities to help the US economy recover from the 2008 crisis, would gradually slow down. There was a bit of a panic among investors at the time, and the Dow Jones fell about 1000 points.</p>



<p>However, less than a month later, the stock market gradually recovered and everything returned to normal. The reason is that the Fed at that time did not taper immediately, but even continued to pump money out until 2015, along with very firm promises to the market that everything would be very gentle. And there’s nothing to panic about.</p>



<p>Thus, in theory, tapering could lead to taper tantrum and have adverse effects on the market. However, so far this has not been proven experimentally, due to the tapering activity.</p>


What is Taper Tantrum?


<p>In fact, China has been clamping down on all crypto-related services since 2013, forcing the country’s first cryptocurrency exchange, BTCC, to shut down. But things have been more tense in recent times, when a ban on mining and investment from the government has forced many Ethereum and Bitcoin miners to commit to leaving.</p>



<h2>China’s ban</h2>



<p>This May, China has just introduced a ban on mining and providing services related to cryptocurrencies, aggressively wiping out exchanges on search engines, even letting the police in if necessary.</p>



<p>According to CoinDesk, many social media accounts of influencers, news sites and bitcoin mining pools have been taken down. Chinese users are increasingly worried when they cannot access major cryptocurrency exchanges such as Binance, Huobi, OKEx on Baidu and Weibo. The only search results returned were “in compliance with relevant laws, regulations and policies, search results are not displayed”.</p>



<p>On social networks also began to spread many bewildering tweets. Some investors shared that they were summoned by the local police and warned of the risks of trading with cryptocurrencies. One person said he was asked to delete trading apps on his phone. Another found it extremely confusing when he was ordered by the police to sell all his crypto assets.</p>



<p>More seriously, a series of coin mining factories have been shut down, including the one in Xinjiang that has also stopped working. Xinjiang has the highest bitcoin mining capacity (hashrate) in China, accounting for 36% of the Chinese hashrate and 23.3% of the global hashrate.</p>



<h2>What is the reason?</h2>



<p>Not letting the public stir for too long, the three Chinese banking and internet financial regulators themselves issued a joint statement explaining:</p>



<blockquote class="wp-block-quote"><p>“Recently, the price of cryptocurrencies has increased and decreased continuously, money speculation activities have been increasing. Virtualization tends to increase again, which can cause serious damage to investors’ assets and disrupt the normal economic and financial order.”</p></blockquote>



<p>In addition, bitcoin mining consumes too much electricity and emits a large amount of carbon, so this ban is also an environmentally friendly direction. Bitcoin carbon emissions researcher and Tsinghua University professor Guan Dabo said:</p>



<blockquote class="wp-block-quote"><p>“This emerging industry does not contribute much to the Chinese economy. It consumes too much energy, but benefits are not worth it”.</p></blockquote>



<h2>How does China affect global bitcoin?</h2>



<p>Certainly everything that happens in China has a direct impact on the bitcoin market, as China accounts for a quarter of the global hashrate (aka hash rate or bitcoin mining capacity). As observed by statistician Willy Woo, hashrate and bitcoin price have always had a similar relationship.</p>



<p>In April 2021, a few incidents in China alone caused the bitcoin market to fluctuate. Mining accidents and power outages in Xinjiang disrupted mining pools, causing global hashrate to drop by 30%, bitcoin price from $63,000 to $50,000.</p>



<p>Most recently, the government’s bitcoin ban has caused bitcoin to climb deeper. Just after the announcement of three Chinese banking and financial regulators, the bitcoin price plummeted from over $45,000 to $43,500.</p>



<h2>What do investors think?</h2>



<p>As of mid-May 2021, after China’s ban and Elon Musk’s stormy tweet, investors have sold off $1 trillion in crypto assets. However, there are still fish that swim against the current.</p>



<p>An example is Charles, a real estate consultant living in Shanghai. Despite losing up to 11 million USD in just 3 days, Charles is still optimistic:</p>



<blockquote class="wp-block-quote"><p>“For me, this is just returning the profit I made a few months ago. My investment vision is 10-20 years”</p></blockquote>



<p>A Beijing-based tech worker, Peter, thinks so too:</p>



<blockquote class="wp-block-quote"><p>“It won’t matter if the investments go back to zero. Who knows, maybe one day they will bring wealth?”.</p></blockquote>



<p>Peter initially invested 20,000 yuan, his account quickly grew to 100,000 yuan, then only 14,000 yuan in a few days.</p>



<h2>Where will Chinese miners go?</h2>



<p>China was once home to bitcoin miners, but when the government introduced a ban on mining, they had to find new lands. The destinations for these miners are cheap electricity, such as Central Asia, Eastern Europe, America and Northern Europe.</p>



<p>Jiang Zhuoer, founder of BTC.TOP mining pool posted on Weibo: “In the long term, most of China’s crypto mining rigs will be sold overseas, as Chinese authorities are blocking the operation. mined here&#8221;. BTC.TOP also said their new destination is the North American market.</p>



<p>Agreeing with that idea, De La Torre, vice president of Pooling in Hong Kong, said:</p>



<blockquote class="wp-block-quote"><p>&#8220;We don’t want to face a new kind of ban in China every year. So we are trying to diversify the global mining hash rate and move to the US and Canada.”</p></blockquote>



<h2>Will these new lands welcome Chinese miners?</h2>



<p>This is difficult to say, at least in the short term, some regions cannot receive a large number of Chinese miners, due to severe electricity shortages.</p>



<p>In February 2021, Iranian cities frequently experienced sudden power outages. When investigating, Iran discovered that Chinese miners were migrating more and more, because it was the dry season and had to wait until the rainy season in China to have electricity, while Iran’s electricity price was 3 times cheaper than America and 5 times more than China. The government was then forced to close a number of licensed mining pools to provide electricity to hospitals, shopping malls and households as the Covid-19 epidemic forced them to stay at home more.</p>



<p>However, one issue that greatly worries residents is that if the government pours a lot of money into projects to renovate the electricity system, will they have to pay higher taxes.</p>


Overview: China banned Bitcoin mining


<p>According to FICO’s studies, approximately 11.7% of the US population has a credit score below 550 which is considered to be poor. This means that they need fast credit repair to enjoy a better life quality.</p>



<p>At the other end of the spectrum, less than 1% of Americans have a <a href="https://businesshilite.com/post/personal-finance-what-is-a-good-credit-score" target="_blank" rel="noreferrer noopener">perfect credit score</a> of 850.</p>



<p>If you’re somewhere in the middle or your credit card rating is very poor, we have good news for you! There are multiple ways you can repair your credit, and you can always work with a credit repair company to fix this problem.</p>



<p>Keep reading to find out a few efficient credit repair strategies.</p>



<h2>What Is Credit Score?</h2>



<p>A credit score represents a numerical representation of a citizen’s creditworthiness. It involves taking into account the credit history, and it reveals if a person is financially trustworthy.</p>



<p>The credit card score shows a number between 300 and 850. The higher the number, the more trustworthy a person is considered to be.</p>



<h2>Causes Of Bad Credit Score</h2>



<p>There are numerous reasons why your credit score can drop, such as:</p>



<ul><li>Paying the bare minimum on credit card bills</li><li>Declaring bankruptcy</li><li>Making late payments</li></ul>



<h2>6 Ways To Ensure Fast Credit Repair</h2>



<p>Although having a bad credit score is difficult, it is not the end of the world. A poor credit score can be reversed if one is committed to improving it.</p>



<p>Here are a few steps to repairing your credit:</p>



<h3>1. Check Your Credit Reports</h3>



<p>There are three major credit bureaus: Experian, Equifax, and TransUnion.</p>



<p>You are entitled to access the information from these credit bureaus for free once a year. The Fair Credit Reporting Act grants you this right by law.</p>



<p>Contrary to the popular belief, checking the credit reports from these bureaus won’t affect your overall score.</p>



<p>You should check the information on all three of these reports because the data can differ. This happens because the credit bureaus rely on receiving information from your creditors. They don’t actively look out for your financial information.</p>



<h3>2. Check For Mistakes</h3>



<p>Once you have your credit reports, you should check the data for errors. It is important to know that credit bureaus are not obliged to check the data before publishing it in your credit report.</p>



<p>If mistakes occur, you can file disputes with the credit bureau. They are required to modify the credit report if a mistake has been reported.</p>



<p>There are numerous things you can check for when inspecting your credit reports.</p>



<p>For example, misspelled names can negatively impact your score. More complex problems involve identity theft which can drastically bring your credit rating down.</p>



<h3>3. Negotiate Lower Interest Rates</h3>



<p>This might appear like a difficult step, but there is a chance that your creditors can lend a helping hand.</p>



<p>High-interest rates can decrease your credit rating. You should discuss with your creditors and negotiate lower interest rates to bring your score up.</p>



<p>This might mean you need to take out a loan and use it to pay off a high-interest debt. Some loans can be stretched up to 60 months, ensuring that the interest rates are minimal.</p>



<h3>4. Make Use Of Old Credit</h3>



<p>There is a tendency to get rid of old credit cards, but this can be a mistake, especially if you have a bad credit score.</p>



<blockquote class="wp-block-quote"><p>15% of your credit rating is represented by the age of your credit accounts. This includes both old and new credit cards.</p></blockquote>



<p>If you close old credit accounts, you’ll appear as a greater risk to creditors. On the other hand, if you preserve and use old credit cards, you show that you can handle long-term debt and pose a smaller financial risk.</p>



<p>Make sure that you use old credit cards often. It is possible that a credit card issuer will close it if you haven’t used it for a year, so remember to make periodic payments to keep your credit account open.</p>



<h3>5. Pay Credit Card Balances</h3>



<p>The way you use your credit card can have a huge impact on the credit rating. That’s why you should keep an eye on your current debts and spending habits.</p>



<p>If you carry a high debt on your credit cards each month, your credit score will drop significantly.</p>



<p>One way to fix this problem is to pay credit card balances. Specialists recommend keeping your credit utilization below 30%.</p>



<p>For example</p>



<blockquote class="wp-block-quote"><p>if you have a card with a credit limit of $10,000 and your balance is $4,000, your utilization rate would be $4,000 divided by $10,000 which equals 0.4 or 40%.</p></blockquote>



<p>By paying down this balance, you can reduce your utilization rate and have your credit score increase.</p>



<p>Furthermore, you can also negotiate with your creditors to increase your credit card limits. Although this might sound complicated, some issuers are willing to offer a soft pull on your credit limit.</p>



<p>As a result, your utilization rate will be adjusted in your advantage, but make sure that you still make efforts to pay down credit balances.</p>



<h3>6. Try To Remove A Late Payment</h3>



<p>A 30-day late payment can significantly decrease your overall credit score, so if you have one on your credit card, you should try to remove it immediately.</p>



<p>It is not easy to remove a recent late payment, but it is worth a try. For example, you can call your creditors and see if you can negotiate a goodwill adjustment.</p>



<p>If this is not possible, try to agree for automatic payments in exchange for the removal of the late payment. This might work in most cases, but if it doesn’t, you can also dispute the late payment on the basis of inaccuracy.</p>



<h2>Conclusion</h2>



<p>These fast credit repair strategies can put you on an ascending path when it comes to finances.</p>



<p>It is difficult to push your way through a bad credit rating, but it’s not impossible. Make sure that you read our articles to learn more about <a href="https://businesshilite.com/post/the-essential-credit-repair-guide-for-beginners" target="_blank" rel="noreferrer noopener">credit repair laws for beginners</a> and how to find a financial solution to your problem.</p>


6 Steps For Fast Credit Repair in 2022


<p>Last year, Apple released its first 13-inch MacBook Pro using its M1 chip. However, this is only a replacement for the basic configuration MacBook Pro model with 2 Thunderbolt, 8th generation Intel chip. And the high-end 4 Thunderbolt version with Intel Ice Lake chip has not yet had a successor.</p>



<p>Therefore, it is almost certain that this year Apple will have to release a new high-end MacBook Pro model to replace the old Intel MacBook Pro. At the same time, the MacBook Pro M1 model can also receive an upgrade in configuration, even design to synchronize with the high-end version. This upgrade is rumored to be the <a href="https://www.businesshilite.com/article/mac-book-pro-m1-x-launch" target="_blank" rel="noreferrer noopener">14-inch MacBook Pro</a>.</p>



<h2>14 inch MacBook Pro release date</h2>



<p>Rumors about the 14-inch MacBook Pro have been around for quite some time. At one point, TF International Securities analyst Ming-Chi Kuo even suggested that the 14-inch MacBook Pro would be available by the end of 2020, but he later changed his forecast &#8211; suggesting that the plan Apple has been pushed back to 2021 because it wants to use mini-LED screens as well as the Covid-19 pandemic affecting the supply chain.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="576" src="https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image-1-1024x576.jpeg?resize=1024%2C576&#038;ssl=1" alt="Macbook pro 14 inch 2022" class="wp-image-144" srcset="https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image-1.jpeg?resize=1024%2C576 1024w, https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image-1.jpeg?resize=300%2C169 300w, https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image-1.jpeg?resize=768%2C432 768w, https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image-1.jpeg?w=1280 1280w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1" /><figcaption>Macbook pro 14 inch 2022</figcaption></figure></div>



<p>And as we all know, no 14-inch MacBook Pro will appear in 2020 or early 2021, and there is even less chance for this MacBook to appear at WWDC 2021 next June.</p>



<p>In March, a Nikkei report indicated that the MacBook launch had been pushed back to the fall of 2021 due to a global shortage of chips and components.</p>



<p>Frequently accurate analyst Ming Chi Kuo also shares that we won’t see a new 14-inch MacBook Pro until the fall of 2021.</p>



<p>In the past, Apple usually launched new MacBooks at its spring event (March or April), at WWDC in June, and year-end event in October (or 11). So based on the above analysis, the 14-inch MacBook Pro is likely to launch around October at the earliest, a month after the iPhone 13 series announcement event. However, recently a source from DigiTimes has also reported that Apple may delay the launch of the 14-inch MacBook Pro and 16-inch mini LED screens until 2022, so we may not see a MacBook. New Pro this year.</p>



<h2>14 inch MacBook Pro redesign</h2>



<p>Both analyst Ming Chi Kuo and Bloomberg’s Mark Gurman point out that we can expect a completely new design for the 13-inch MacBook Pro.</p>



<p>According to the January 2021 report, we can expect significant design changes including iPhone 12-like design with flat bezels; no Touch Bar; the return of the MagSafe charging port; and more ports &#8211; including an SD slot.</p>



<p>Kuo adds that the 14-inch laptop will use the same heat-pipe system as the 16-inch MacBook Pro, which will increase heat dissipation and allow for better performance.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="576" src="https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image-2-1024x576.jpeg?resize=1024%2C576&#038;ssl=1" alt="Macbook pro 14 inch 2022" class="wp-image-145" srcset="https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image-2.jpeg?resize=1024%2C576 1024w, https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image-2.jpeg?resize=300%2C169 300w, https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image-2.jpeg?resize=768%2C432 768w, https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image-2.jpeg?w=1280 1280w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1" /><figcaption>Macbook pro 14 inch 2022</figcaption></figure></div>



<p>Mini-LED was delayed due to production difficulties as well as issues related to the pandemic, but in May 2021 it was reported that TSMT supplier had overcome technical barriers and is currently ready to deliver mini LED for MacBook Pro in 2021.</p>



<p>Amid rumors that the new MacBook Pro will have a mini LED display, a report from DigiTimes (in March 2021) suggests that Apple will use an OLED display for the MacBook Pro later this year. Digitimes report indicates that Apple is considering mini LED, micro-LED and OLED technologies for use in MacBook and iPad lines. But with the current situation, mini LED is still the best candidate. OLED may have to wait until at least next year, and micro LED is not yet complete to equip small screen devices.</p>



<h2>New Features &amp; Spec</h2>



<h3>Processor</h3>



<p>The basic 13-inch MacBook Pro has been equipped with an M1 chip, while the more advanced version (4 Thunderbolt) is still using the Intel Ice Lake chip. So it’s almost certain that Apple will launch a new chip to power the 14-inch MacBook Pro, which will probably be the M1X or M2. This chip is also expected to appear in an upgrade of the 16-inch MacBook Pro and an upgrade of the 27-inch iMac (probably a 32-inch iMac).</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="600" src="https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image-1024x600.png?resize=1024%2C600&#038;ssl=1" alt="M2 chip" class="wp-image-146" srcset="https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image.png?resize=1024%2C600 1024w, https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image.png?resize=300%2C176 300w, https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image.png?resize=768%2C450 768w, https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image.png?w=1280 1280w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1" /><figcaption>M2 chip</figcaption></figure></div>



<p>Apple M2 is expected to have at least 12 cores, including 8 high-performance cores and 4 energy-saving cores. Even Apple can provide up to 16 cores + 4 power-saving cores for a total of 20 cores. With the Apple M1 not requiring a fan to operate, it is possible to launch a 20-core chip with a new cooling system as mentioned above.</p>



<h3>Graphics</h3>



<p>In terms of graphics capabilities, Apple is expected to redesign the GPU, and equip the M2 with at least 16 cores, maybe even up to 32 cores to be able to replace the Radeon Pro 5600M or Radeon Pro 5700 XT with the Radeon Pro 5600M or Radeon Pro 5700 XT. on the 16-inch MacBook Pro and the 27-inch iMac. And it would be interesting for Apple to bring such awesome graphics performance down to a 14-inch MacBook Pro.</p>



<p>In a developer document Apple said:</p>



<blockquote class="wp-block-quote"><p>“The integrated GPU in Apple processors is optimized for high performance graphics tasks”</p></blockquote>



<h3>RAM</h3>



<p>All Mac M1s are limited to 16GB of RAM. However, the 13-inch Intel MacBook Pro currently offers 16GB and 32GB options. That means the upcoming chip will almost certainly support at least 32GB, even more if Apple wants to include this chip in the iMac.</p>



<p>However, Apple states that Unified Memory Architecture (UMA) doesn’t need to have a lot of RAM because all RAM can be accessed quickly from the CPU, GPU, and other components, so Apple can still offers options from 8GB for the upcoming 14-inch MacBook Pro.</p>



<h3>Battery</h3>



<p>The 16in MacBook Pro has a 100W battery (which is the biggest battery allowed in laptops before they would be banned from planes). This bigger battery means the 16in model now offers 11 hours of use.</p>



<p>The 13in MacBook models with Intel processors currently offer 10 hours of use.</p>



<p>It’s possible that Apple Silicon will make it possible for Apple to achieve more battery life from the smaller models: The 2020 M1 MacBook Pro offers 20 hours of battery life &#8211; so it looks promising.</p>



<h3>No Touch Bar</h3>



<p>According to a January 2021 investor note from Ming Chi Kuo, the OLED touch bar (Touch Bar) will be removed from the new MacBook Pro and physical function buttons will be restored.</p>



<p>In fact, very few people have liked Apple’s Touch Bar since it was first released in 2016. Many users consider the Touch Bar to be rather useless and harder to use than the row of media function keys.</p>



<h3>Speakers &amp; Microphone</h3>



<p>The 16in MacBook Pro has improved speakers with deeper bass and a noise-canceling microphone. Will the 14in models gain the same update at some point?</p>



<p>Possibly we may see an improvement, although not on the same level. The improvements in the 16in may not be possible in the limited space of the smaller model: there are three speakers on each side of the 16in MacBook Pro (two of which are woofers). The smaller model may simply be unable to accommodate this: even if the screen is 14in the size of the Mac is unlikely to change significantly.</p>



<p>As for the microphone, the 13in model probably doesn’t need the three-mic ‘studio’ array required by professional creative users.</p>



<h3>Ports</h3>



<p>Both Kuo and the Bloomberg report suggest that Apple will restore the ‌MagSafe charging connector. Another Bloomberg report in January 2021 includes a piece of code indicating that the new MacBook Pro will offer an SD slot.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="576" src="https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image-1024x576.jpeg?resize=1024%2C576&#038;ssl=1" alt="Macbook Pro 14 inch 2022" class="wp-image-143" srcset="https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image.jpeg?resize=1024%2C576 1024w, https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image.jpeg?resize=300%2C169 300w, https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image.jpeg?resize=768%2C432 768w, https://i0.wp.com/54.193.88.134/wp-content/uploads/2022/05/image.jpeg?w=1280 1280w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1" /><figcaption>Macbook Pro 14 inch 2022</figcaption></figure></div>



<p>Another leak shows that the next MacBook Pro is fully equipped with ports including HDMI, Thunderbolt, SD card reader and ‌MagSafe‌ power port.</p>



<h3>Face ID and Webcam</h3>



<p>A lot of users expect Apple to include a better FaceTime camera on the MacBook. Currently the MacBook Pro still only stops at 720p cameras, Apple should upgrade them to 1080p on the next-generation MacBook Pro.</p>



<p>Apple may even add a Face ID sensor for quick, convenient unlocking like on an iPhone or iPad Pro.</p>


MacBook Pro 2021: What we know about Apple's new MacBook Pro 14 inch

MacBook Pro 2022: What we know about Apple’s new MacBook Pro 14 inch


<p>The path to the stock investment in the 20s is very diverse. There are those who actively participate by observing and learning from their predecessors. There are also new friends “jumping in” because of FOMO due to the recent hot increase in stocks. However, whether proactive or due to FOMO, the pitfalls for newcomers to the stock market are many, requiring good preparation. So what are the pitfalls here? How do we prepare?</p>



<h2>Pitfalls in cost</h2>



<p>The first pitfall is fees and taxes in stock investing. There are public fees, but there are also very vague fees.</p>



<p>The publicity fee is the fee that investors have to pay to the securities company (broker) every time they buy and every time they sell. Depending on the broker, service package, and transaction value, the feed rate can be from 0.1% to 0.35% of the transaction value. Besides, there are other fees related to the maintenance activities or other transactions of the account.</p>



<blockquote class="wp-block-quote"><p>For example, the fee is 0.15%, applied to an investor with an initial capital of $10.000 and buys and sells again and again with a frequency of 4 times/month. With 48 transactions to the limit of the account, the total fee will then be 48 x 0.15% x $10.000 = $720, or 7.2% of the capital spent.</p></blockquote>



<p>As such, the investment return must be much higher than this to offset the transaction fees, taxes, and other fees. If investors use x2 leverage, the cost can be up to 14%/year. It is not easy for long-term professional investors to have such a stable profit.</p>



<p>Another hidden cost that also greatly affects the bottom line of an investor is the spread, i.e. the difference between the buying and selling prices.</p>



<blockquote class="wp-block-quote"><p>For example, if the market price of a stock is $10, the bid price is %15 and the ask price is $9.5, the spread will be 1%. If the bid price is $11 and the ask price is $9.9, the spread will be 0.2%.</p></blockquote>



<p>The size of the spread does not only affect the investor’s final profit. It is also an indication of the liquidity of the stock. The larger this number, the lower the liquidity.</p>



<h2>The Pitfalls of Using Leverage</h2>



<p>The second pitfall is using leverage to invest without much experience. Many investors win a lot when they first enter the market, just like a new hand gambling legend.</p>



<p>At first, they may only spend a little capital to explore, but when they win, they become subjective, thinking they are very good. Little did they know that it could be luck, right at the time when the market cycle was up.</p>



<p>Overconfidence has led many new investors to invest all (all-in) into securities, moreover, to borrow money through margin to invest.</p>



<p>But using margin is a double-edged sword, it can help increase returns, but can also make losses faster and more severe. For example, in the case of using margin x2, if you lose 10%, your real loss will be more than 20% because you still have to pay interest.</p>



<p>The danger is that when using margin, the amount of investment capital has increased much. Usually, when exploring, investors spend a small amount, like $1000, for example, seeing a profit of 10% in a few days is happy.</p>



<p>But when you put in $100.000, use an extra x2 margin, even if the market adjusts only 5%, the loss will also reach $10.000, enough to wipe out the previous profit. Compared to the original capital, now 100% loss.</p>



<h2>Trading Without a Stop Loss</h2>



<p>The third pitfall is not cutting loss in time. In finance, when calculating the profit/loss ratio of continuous investments, we must use the geometric mean.</p>



<blockquote class="wp-block-quote"><p>For example, a 50% loss, then a 50% gain is still a 25% loss, not a breakeven. Assuming there is $10.000 to invest, loss before profit, then the capital will be $10.000 x 0.5 x 1.5 = $7.500.</p></blockquote>



<p>You can easily find on the Internet the calculation of how much profit you need to cover your loss. For example, a 10% loss requires an 11.11% profit, a 20% loss requires a 25% profit, and a 50% loss requires a 100% profit.</p>



<h2>Being too adventurous</h2>



<p>The fourth pitfall is being too adventurous, and then investing in complex financial products like derivatives, risky products like CFDs, or investing on unlicensed exchanges.</p>



<p>Direct investment in underlying securities through securities companies is also very risky. Therefore, investing on online exchanges, with complex products, with high leverage, the risk will certainly be more than double.</p>



<p>Investing, like any other business, requires preparation. Faced with so many pitfalls, what should new investors prepare?</p>



<h2>Prepare for knowledge</h2>



<p>In stock investment, the first thing that needs to be equipped is knowledge. The knowledge here is the foundation related to the financial position of the business because the intrinsic value of a stock is the discounted present value of the future cash flows.</p>



<p>In addition, it is necessary to understand and distinguish between book value (book value of equity), intrinsic value, and market value (market value or pricing). The truth is that even many experienced investors can’t distinguish between valuation and pricing for a stock.</p>



<p>But knowledge of corporate finance alone is not enough. The performance of an enterprise is highly dependent on the ability of current and future leaders, that is, corporate governance.</p>



<p>In addition, investors also need to have a macro knowledge of the industry, the economic cycle, the monetary policies of the major central banks as well as the fiscal policies of these governments.</p>



<p>Take for example in the economy. Let’s ask the same question as with industries such as finance, energy, real estate, consumer goods, technology, etc., in each period, which industries will prosper and which will decline?</p>



<p>When there are major changes in policy, for example:</p>



<blockquote class="wp-block-quote"><p>in the US, the Democratic Party takes power instead of the Republican Party, which industry will benefit?</p></blockquote>



<h2>Mental preparation</h2>



<p>The second preparation in investing is psychological. The stock market is an unpredictable place, no matter how hard everyone tries to do it.</p>



<p>Over the long term, markets all grow with the size of the economy, but there will always be corrections or crashes. Among these, corrections can be frequent and unpredictable.</p>



<p>Two important psychological signs in the stock market are greed and fear. Too greedy will easily fall into a swinging peak, and too afraid will fall into a sell-off, selling at market value when the market is plummeting.</p>



<p>Therefore, experienced investors differ from new investors in that their psychology is stable. These investors do not flinch when the market corrects sharply, or impulsively when the market is hot.</p>



<h2>Investment methods</h2>



<p>The third preparation is the investment methods. In investing, it can be divided into two schools: buy and hold and buy and hold. Regardless of school, it is necessary to understand the principles, ways of portfolio diversification, and portfolio risk management.</p>



<p>For example, for an asset class with a high level of risk, ie large price volatility, it should only account for a small proportion of the portfolio. For example, cryptocurrencies should only account for a maximum of 10% of total assets.</p>



<h2>Practice and build good habits in investing</h2>



<p>In investing, there is a saying that “knowing is not doing”, which means knowing is not enough, you have to do it. This is to avoid falling into the situation of Rote Learning.</p>



<p>The psychology of simulation investing is very different from real investing. Opening a virtual account, losing 30-50%, the mentality is not the same as spending $10.000 real money to invest. The 20% loss on the $10.000 portfolio is also very different from the 20% loss on the 1 billion portfolio.</p>



<p>When the mind is different, the action will also be different. In most cases, when not calm, it is easy to make the wrong decision.</p>



<p>In your 20s, investing in your career is the most important. It is a sure source of profit and is likely to increase many times in the future. Investing in your expertise, developing a professional network to advance at work is an effective investment.</p>



<p>When there is an accumulation, this is the time to consider investing in securities. Before starting, you need to have the preparations as mentioned above. And make sure you’re aware of the pitfalls.</p>



<p>Investing is a long road and it’s not easy to get rich quick. When starting out in your 20s, think that you have 20 to 30 years to execute your financial plan.</p>



<p>The hardest thing in investing is to practice discipline, perseverance and a strong mentality. If you can do it, you will be successful.</p>



<p>Good luck fellows with your investment and wish you success in your future endeavours.</p>


How to Start Investing in Stocks: A Beginner's Guide

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