💥Let me tell you a true story. I have a classmate who earned more than 10 million five years ago. He did not choose to buy a house, speculate in stocks or buy financial products, but deposited all the funds in a commercial bank, and took out the interest every year and continued to deposit.

I was a little amused and sad when I heard the news. Although this conservative investment method is stable, it may be difficult to resist the erosion of inflation. His 10 million yuan is deposited in the bank. Even if it is calculated according to the highest annualized rate of return of 3%, he can only get 300,000 yuan in interest a year. Such income is difficult to achieve long-term stable appreciation of funds.

I once advised him that he should invest part of his funds in the stock market or buy stock funds to pursue higher returns. However, he frankly admitted that he had no knowledge and experience in investment and was worried about losing funds. I suggested that he could choose some historically stable blue-chip stocks for long-term investment, or choose some well-known stock funds to diversify risks. However, he still insisted on not using any principal.

I have tried my best to persuade him, but in the end it depends on whether he is willing to open his heart and accept new knowledge and concepts. I can only say that sometimes being too smart may mislead yourself. This 10 million yuan may not be able to achieve greater value in the end because of the overly conservative investment method.

Everyone, do you think my idea is right or my friend's idea is right? Everyone has different cognitions, so the investment direction is also different. What do you think?

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