Investment Strategies: Setting Goals and Maintaining Discipline

The main subject is investment. The core insight is emphasizing the importance of setting annual investment goals and maintaining a trading journal for reducing mistakes and controlling greed.

### Strategies for Successful Stock Investing and Trading
* 🎯 It is crucial to understand the **primary reason for investing**, which is to **accumulate wealth for future financial goals** such as retirement, travel, and inheritance.
* 💰 Setting a specific annual return goal, such as aiming for **20% or higher**, helps to control greed and maintain a **focused investment strategy**.
* 📝 Keeping a trading journal is essential for **tracking performance, identifying mistakes, and continuously improving** one's investment approach.
* 🌍 Historically, stock market indices have shown an average annual growth rate of around **12%**, making them an **attractive long-term investment option**.
* 🔄 Lowering the turnover rate of the investment portfolio has been associated with **higher returns**, as excessive trading tends to lead to **increased mistakes**.
* 🕰 Continuous monitoring of global market news and economic developments is crucial for making **informed investment decisions** and **adjusting strategies accordingly**.
* 📈 By treating investing as a **long-term journey**, focusing on achieving **annual goals**, and developing a **systematic approach to trading and analysis**, investors can increase their chances of success.
* 🔍 Regularly reviewing and reflecting on one's trading journal entries helps to identify **recurring mistakes and areas for improvement**, similar to receiving feedback in sports training.

Hello, nice to meet you. Today, rather than anything else, let's start from the beginning about investment. Why did everyone start investing in stocks? Then, we have been continuously talking about trading journals. Why have we been emphasizing that? Next, I will talk about how we should proceed with this in the future. Ultimately, when it comes to investment, the most important question is why we invest. I always emphasize this. Whether it's earning a salary or running a business, if we can continue to make money, it doesn't matter. When we get older, we want to travel and pass something down to our children. In that case, we need to have a certain amount of capital.

The key is that we need to make an income to get out of our monthly salary. So, if that's the case, you should start a little earlier, make some money, and then think about how much you want to earn and how you want to live when you turn 50, 60, or 70. Based on that plan, we talk a lot about investments. The people here are very interested in investments. But, is there anyone here who made a profit this year despite the low profitability? Except for a few people who made money, some might have lost. Even if it's a plus or minus, some might have made a profit. So, if you haven't sold yet, how did you resist the temptation for a moment? Oh, the pain remains a bit. Oh, it's okay. If you earn again.

It's okay, but why aren't you raising your hand? I have some cuts and beekeeping to do now, so I can't study until then. I still have some remnants of accidents. Even so, I have been gradually experiencing more positives. Everyone has tried investing, so you must know, but at first, investing seems easy. It seems easy because you can just sit and click-click and think you can make money. But after doing it once, twice, three times, four times, the winning rate gradually decreases, and as it drops, there are things that are hard to handle. So, in that aspect, there are a lot of concerns. Should I quit investing? And when I go back to my original intention, how can I make money from this?

I used to think about how much I wanted to be rich, but in the end, it gets more and more complicated like life, you know? When things get complicated, you have to think about it again. Why did I start investing? At first, I just vaguely wanted to be rich, but now I have to think about how much principal I have and how much it will grow if I put it in the bank for several years. However, I am more active in managing this. I do stocks, real estate, and investments to make some money. Thinking like, How much can I make? I started with this mindset, but then I got distracted by stocks hitting the daily limit up, or getting caught up in skyrocketing stocks. If I had made decisions faster than others about the news, thinking, Oh, if I did this, and the stock went up by 10% or 20% a day, even up to 30%, I would have been ecstatic.

From then on, there were many mistakes in the part about greed [music] that arose a lot, so in that aspect, in a way, you have to set standards. Now, I am creating a lot of content, giving lectures, and so on. I also wrote a lot in the early years of starting. Even now, there are employees with me, but in the past, when I was in college with my friend, we talked about stocks, including Woongjin. We still laugh about it when we talk. Looking back now, I wonder why I invested there. It doesn't make any sense now. There was no trading volume, no idea, but at that time, I got into it and thought the stock looked good just because it was a hot topic. We talked about it, and my friend also had stocks that he thought looked good. Yes, there was a bad ending to this. How about us?

When you look at it, I've been doing stocks for a long time now and still doing a bit of stock trading. But the first step is the same for everyone. I am still in the process of improving, so I hope you have checked this part a lot. What I emphasized the most in the lecture was to write a trading journal. I repeatedly mentioned to recalculate the annualized return from the trading journal. It is always important to establish a standard no matter what you do. I would appreciate it if you could always keep this in mind because the reason why the annualized return is important is that when setting a goal for stock investment, most experts say that you just need to earn more than the index. Whether it's the S&P or the KOSPI, we are the index.

With the sun setting, there is an index. In the end, whether you can earn more than the index or not ultimately depends on your abilities, whether on Wall Street or in Yeouido, even for individual investors. Because everyone knows about ETFs now, and in the case of the KOSPI, we invest a lot in ETFs. We do a lot of index trading. Just watch a few episodes of Spy cartoons. But why am I talking about this? Because historical data and statistics tell us that indices continue to rise. On average, they increase by about 12% annually. So, for those who realize that bank deposits only yield 3%, they choose to invest in indices instead of bank deposits. By continuously collecting ETFs, the indices will eventually rise. Here, there is the logic of capitalism, and then there are various discussions about the American market and so on.

I know you're listening, but I don't understand all that. Anyway, American companies are growing, global companies are growing, and in capitalism, the one with more capital wins. But companies have more capital than individuals, so kids keep rising. In relationships, only 12% satisfaction. When we look at deposits, it's like, Oh, I entrusted my money to the bank, and they give me money. Oh, how amazing. But in the past, banks used to give 10% or 6%, now with interest rates rising, they give 3-4%, but when we had savings accounts, they only gave us 1-2%. So, that's dissatisfying. In this situation, we turn to stocks, cryptocurrency, and real estate because we want to earn more. But the answer is already there.

It is an answer sheet called an index. So, how will I set my goal? Here, you need to set a goal to earn a little more. Therefore, you should set a goal of earning 20% per year. You should aim to earn 20% annually. Or you can set a goal like this: I will earn double, I will earn 255% annually. Then you need to work backward from this criterion. How do you work backward? Since I want to earn more than the index, in order to earn 25% per year, how much should I earn in six months? How much should I earn in three months? Then, you need to continuously maintain a certain level of profit each month. Of course, it's difficult to achieve it every month, but since earnings are announced every quarter, setting a goal of how much to earn in three months increases the probability of steadily maintaining that.

When you focus on it, you tend to be more cautious about investing or just do what you don't do, which reduces a lot of mistakes. So, if you set annual goals for how much annual return on investment you want to make and achieve it every year while focusing on it, you can avoid making mistakes and not be greedy in your account. This way, you can become more detailed, and you don't need to buy many stocks or trade a lot. Even if my account turnover rate goes up by 300%, it only goes up by 400%. So, even if it goes up a lot, it means that I only turn the wheel a few times. But when I say turning the wheel in the account, you should think that the portfolio changes every earnings announcement.

Once every three months because every three months, they present their report cards, something that gives them direction. How much did they earn, how much did they save to eat, and how much will they give back to you. They announce their sales, profits, and dividends every three months. So, depending on that, they say, This company did well this time, it will get better in the future. Oh, I was holding onto this, but it's not good, so I should reduce it. While buying and selling a lot, they keep the cycle going. It's good to reduce the turnover rate a bit. Looking at past statistics, if the turnover rate is low, the return on investment increases. In fact, in the old days, in stock markets like in Europe in the 17th and 18th centuries, there were actually exchanges in the Netherlands.

Yes, in the Netherlands, they also had stock markets during the age of exploration. In fact, if you read the writings left by the captains back then, what does it say? It says that when they entered England once, right? They had to cross the sea, right? So, every time they did that, there were people investing in stocks. They would say, Hey, put this in. When we set sail later, sell this for me. No dividends were received from all the back and forth voyages done every month. But the point is, it's nothing. It's not about dividends, but it's their own anxiety. Sell this. Hey, buy this for me. Sell this. There are actual records of this. People tend to immerse themselves deeply in that direction, and when they do, they often start imagining and distorting things on their own. So, even if you fall behind a bit, or get immersed deeply, or rise, it's okay. That's what I see when looking at it.

No, it's about looking at the end like this so that we can maintain some composure. Even people in the old days were the same. People nowadays are even more so. When you turn on MTS, it's right there. The reason we do business every day is there. If you keep looking at the bid-ask spread, you get sucked in. Once you're sucked in, you want to sell at a higher price and buy more at a higher price. This is how it goes. But always thinking about this, you should look at longer-term goals, and when you plan your investments, when you write your daily trading journal, you should approach it by setting a plan. For example, if I see a 5% gain in this in 3 months and a 20% gain in that, I approach it by planning like this. As the amount grows, it's inevitable that your mind will waver, but you can catch that wavering. So, in this aspect, I emphasize the importance of keeping a trading journal, and in the end, not keeping a trading journal is a problem.

I write because there is so much information coming and going that it's more like having a trading journal automatically running in your head. And then, how long do you watch those who don't watch it? How long do you watch it? It updates automatically. When it reaches that level, you can also broadcast, you can also give lectures. So, in this regard, it's important to make your own habits and routines. Many wealthy individuals have routines like this: they wake up in the morning, based on Korean standards, they wake up and check the news of the U.S. market. After checking the closing news of the U.S. market, they look at global market news, then Korean market news, and while observing how the Korean market is doing, they also look at the news coming out during the Korean market hours. They may trade something, search for information, and then the market continues.

After finishing, we watch the closing news in our country, then watch the news in China, and also watch the news about addiction. Why do I often talk about addiction news? If I explain it based on the U.S., investors in the U.S. first look at the news from the Middle East and Europe when they wake up in the morning. So, while we look at the U.S., the U.S. focuses on the Middle East. Due to the energy supply from that region, when something happens in the Middle East, it can actually have a significant impact on trading. Therefore, in this aspect, while we look at the U.S., the U.S. looks at Europe and the Middle East, and they probably don't look at each other. Europe probably just looks at themselves. However, as this cycle continues, if you keep an eye on the market, when the U.S. market closes, the Japanese market opens. So, when the U.S. market closes, the Korean market opens.

As of 5 a.m. local time, people are sleeping. At 8 a.m., the Japanese market opens, followed by the Australian market. From that point on, when the Australian market closes, the Middle East opens, then Europe opens. When it's lunchtime in Europe, the U.S. market opens. After the U.S. market closes in a few hours, Asia opens again. Since the Earth is round, except for one to three hours, the markets are continuously connected and operate in a cycle for 24 hours. Therefore, those who have money track these trends. They check the news a lot, whether it's related to the economy, diplomacy, or politics, as soon as they wake up, to see what happened while they were asleep. After being well-informed, they observe what's happening in our country or region, and once that's done, they move on to see what's happening next.

Continuously checking these things is about creating routines and making them routine, exchanging information in your head, thinking about what will be profitable, and ultimately connecting it to whether you can achieve 20% this year. It leads to continuity, and in the end, that's how investments are made. What I want to emphasize in the first place is setting big goals so that you can control your desires, and the reason I keep mentioning it on an annual basis is that it helps control your greed. By writing a trading journal, you can track what you are doing well and what you are doing wrong, which helps reduce mistakes. And by reducing mistakes, as you know from using a trading journal, you don't know it well until you use it. You have to submit it after using it, or after using it, you look at it and think, What did I write? and then you realize, Why did I do this?

That's how it's written, right? So, you have to pick up the stick of correction. The important thing is that when you write, you may not know, but when you review it again, you think, Oh, what did I write wrong? What did I miss? Oh, what did I think to make this judgment like this? Continuously, when it comes later, from the perspective of a third party, even when I write and look at it, please look at it again with the eyes of a third party. Oh, I need to fix this. Even if you can't fix it at once, if you keep doing it, you will realize, Oh, I make mistakes at this point. It becomes data and confirms, so you can leave those parts as a record. From that record, I can gradually improve. Oh, I keep making mistakes here. I need to correct this. That's possible. Then, just like athletes receive feedback on their shooting posture or similar things through a camera, ultimately, trading and investing are the same.

Likewise, in that regard, it is important to continue making efforts in developing one's own ideas, trading, and corporate analysis methods. By practicing and repeatedly writing about it, it can be completed. I hope you have thought a lot about these aspects. My lectures also focus on these aspects, emphasizing the goal of making money. In the past, I used to just listen to what friends or acquaintances said without really analyzing much, only looking at whether the company's name was famous or if I knew the company before investing. I had many experiences of not having a good sense of money and burning a lot of it. When I did that, it was difficult to blame anyone when losses occurred. Anyway, now, as Teacher Taebeo talks about, something...

Trading is an area of investment in the investing sector, and I feel like I have studied more about it. As I have been doing this, I have gained some confidence in my investments. Those things have been very helpful to me, and now I know that you are giving lectures. It's quite difficult to get information about American companies and such. There are some cases where it is a bit challenging to find sites or paths to easily obtain the information I want. So, I think it would be really nice if you could guide us a little better in those aspects.

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설명왕_테이버

The Motive Behind Stock Investment and the Challenges Faced

People invest in stocks to generate income for the future and achieve financial goals.

Emphasizing the importance of maintaining a trading journal reflects the challenges of sustaining profitability in stock investment.

The initial perception of easy money in stock trading is often replaced by the complexity of decision-making and the emotional impact of market fluctuations.

The Importance of Setting Standards in Stock Investment

The speaker reflects on past investment mistakes driven by the hype around hot stocks.

They emphasize the importance of establishing standards and keeping a trading journal to calculate annualized returns.

The discussion touches on the preference for index trading over bank deposits and the growing dissatisfaction with low-interest rates, leading to increased interest in stocks, cryptocurrency, and real estate.

Setting and Achieving Annual Investment Goals

Setting a goal to earn 20% or 25% annually can help guide investment decisions and reduce mistakes.

Breaking down the annual goal into six-month and three-month targets can help maintain a steady level of profit.

Focusing on earnings announcements every quarter can provide direction for adjusting the investment portfolio, and reducing the turnover rate can increase the return on investment.

Stock investment during the age of exploration involved people immersing themselves in trading, without receiving dividends, and experiencing anxiety over buying and selling.

It is emphasized that investors should maintain composure, focus on longer-term goals, and keep a trading journal to track their investment plans.

Many wealthy individuals have a daily routine of checking and trading based on global market news, emphasizing the importance of habits and routines in the investment process.

The Impact of Global News on Investment Strategies

prioritize news from the Middle East and Europe due to the impact of the energy supply on trading.

The 24-hour cycle of interconnected markets leads to a continuous routine of staying informed and making investment decisions.

Emphasizing the importance of setting big goals, controlling greed, and using a trading journal helps reduce mistakes and improve profitability in investment.

I can see that you're really focused on self-improvement and learning from your mistakes, which is a great quality to have.

It's clear that you're dedicated to developing your skills in trading and investing.

Finding reliable information about American companies can be challenging, so it's understandable that you're seeking guidance in that area.

Keep up the good work in analyzing and improving your investment strategies!