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Likes ReceivedBy the way, let me tell you a horror story: Do you think US stock indices, like the most stable $SPDR S&P 500(SPY.US), meet the following requirement? Even calculated on a pre-adjusted basis, from January 1, 2000 to January 1, 2013, for 13 years, SPY was continuously trapped in losing positions (only briefly breaking even for a very short time in 2007).
I'm pondering a cliché question: what are some things that everyone considers assets, but are actually consumer goods (negative assets).
My definition of an asset has two criteria: 1. It generates stable positive cash flow under the premise of continuous value preservation;
2. It has stable and certain long-term appreciation, and it's highly likely that its market price will outpace inflation overall.
According to this standard, cash, most real estate, cars, educational qualifications, and most common luxury goods are consumer goods or negative assets. Of course, a good business model might transform a negative asset into one that generates cash flow.
From the same perspective, which of the securities you hold do you think can be considered assets, which are chips (speculative instruments), and which are consumer goods?
In the market, do you prefer assets, chips, or consumer goods?
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