Youth is an Asset (年轻就是本钱)
“I am still young, losing this amount of money does not really bother me, I can easily earn this back through hard work.” The writer believes most people heard this during the hot market back in August 2020, where newer and younger investors love to say this as they would not like to miss the chance to earn more. They would much prefer “go big or go home” mentality, like all in a single counter, trading very frequently or so.
However, is that true that youngster should care less about losing money and grab any chances even though the risk is there? The answer should be a solid no. Every single cent that you earned and invested in the market still came from hard work. Hence, making this statement is like throwing your money into the sea and saying that you can earn back that amount of money, might as well leave it then. Young investors with this mentality should really be hit with a reality check. Yes, your job may have a high salary, but that does not deny the fact that you are spending this money in a wrong way.
We all know that if we bought a share at RM1.00, and it dropped to RM0.50, it will be a 50% loss. However, we will need to earn 100% in order to make RM0.50 back to RM1.00, that’s twice the difficulty of earning money than losing money. Let say you really have this mentality and you have RM10k initially, loss all your money within a year, and fortunately, earned back this Rm10k two years later. You may be proud that you are able to recover from absolutely nothing to your initial money, but it does not deny the fact that you lost 3 years, and in this 3 years, you gained literally nothing and all your hard work has gone to recovering your losses. Frankly speaking, even interest from fixed deposit did better return that your portfolio.
In short, no matter how young you are, manage your risk properly. There is no need to risk everything in order to earn money. There are two things that need to be captured from this, one of it is from Warren Buffett that is his rule number one, do not lose money. The second thing is that investment is not about high risk high reward, but to have high reward at much lower risk.
“我还很年轻，输掉这些钱也不过如此，我做工就能够把这些钱赚回来”。笔者相信大多数人多多少少都会在2020年8月疯狂的市场时听过这句话，特别是年少气盛的投资者不愿意失去这个赚钱的机会。他们宁愿有着 “一不做，二不休” 的心态，就好比全部资金投入进一个股里面，亦或者长时间频繁交易等。
但是，难道年轻投资者就应该不管输不输钱都捉着可以赚钱的机会，即使有着很大的风险？答案绝对是否定的。任何你所赚到的钱或者投进股市的钱都是血汗钱。因此，这样说就好比把钱丢进海里，对此不理，并且说到这些钱可以赚回来。有着这种心态的年轻投资者真的应该被现实好好掌掴。即使你的工作有着可观的薪水，但这不能扭曲你把钱花错了的事实。
我们都知道如果你用RM1.00来买一个股，假设它跌到RM0.50，代表你损失了50%。但是，你却要赚100%才可以从RM0.50回到RM1.00，那就代表你要花两倍的努力来回本。我们来假设你真的有这个心态而你开始放入RM10千来投资，但是你在一年里面输掉了这个RM10千。幸运的是，你成功地用另外两年来赚回这个RM10千。你可能会很光荣，觉得自己能够从什么都没有到回本的境界，但你不能忽视你确实浪费了3年，而这三年里，你是什么增长都没有的，所有的努力就只是为了填补当时留下的亏损。老实说，把钱放在定期收利息还好过你的投资组合。
总结，不管你有多年轻，你还是要做好自己的风险管理。我们并不需要为了赚钱而受到很大的风险。从这里我们可以得到两个道理，第一个就是巴菲特的第一首则，不要输钱。而第二个就是投资并不是高风险高回酬的地方，投资反而是一个让你以稍微低风险的情况赚取高回酬的地方。
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