Now u financial interest rate is 20% annualized
What is the concept of Bank of China’s base interest rate of 1.7%?
This is even more attractive than a dollar with inverted interest rates.
Funds rushed into the market and even loans came in for arbitrage.
This is more than just upside down, it is simply the opposite of Tiangang. The interest rate for online loans is only 15%.
You can also earn 5 points by taking out a loan for financial management. What's more, there are many great people who can get low-interest and low-mortgage loans. There are also those who originally did other financial management. An annual return of 10% for stocks will defeat 90% of users, and a trust that returns 10% annually will make the middle class flock to it, and the deposit interest rate of 20% is the key to maintaining it. Because the interest rate charged by the contract is higher, almost 30% annually.
Funds enter the market - the market is active - the number of contracts increases. 30% of the contract fee is charged and 20% of the deposit interest is paid.
It's like this and it's a crazy cycle.
This is the bull market, a scary bull market. Many elementary school students may not have any idea about the annualized profit of ten or twenty. Let’s put it this way. When Buffett was young, he was at the level of ten, and he only achieved it when he got older and gained popularity. Twenty years old.
This kind of madness is scary, so pay more attention to changes in interest rates. Once it drops, capital will flee, which will be another kind of madness.
The same goes for going upstairs. A slight fluctuation can determine whether many people go to the second floor or the rooftop.
Again, try to stay away from the contract. If you really want to play, just play mahjong and play less. If you are particularly confident about the market trend, if you want to trade in it, use low leverage. But I can restrain myself from playing and only take the spot. I admire such people, just like I admire people who quit smoking and drinking. They can quit contracts and achieve great things.