🚨🚨🚨How much can you afford a luxury house, luxury car, luxury goods? Let me give you a reference:
If you buy a house, your total net worth can cover more than 6 times the price of the luxury house; if you buy a car, your total net worth must be at least 40 times the price of the luxury car; as for luxury goods, your annual income must be able to afford more than 10 times it. The net worth here refers to those assets that you can convert into cash at any time, such as Bitcoin, stocks that can be sold, bonds, etc. If you have cash on hand, then this standard can be relaxed a bit, just give a 50% discount.
What if you buy it without meeting these standards? In fact, it’s nothing, that is, you may have had the opportunity to move up one step, but now you have become a "poor person" who drives a luxury car but carries the pressure of a loan, and the opportunity to rise may be gone. Rich people are still rich people even if they don’t live in luxury houses, and poor people are still poor people even if they drive supercars. Nothing can be changed, it’s that simple.
The current market has been in a wash from April to early July, but since the 15th, the market has rebounded significantly. We have to follow the market and not waver. We can't care about false breakthroughs or opportunities to escape the top. We just need to follow the trend!