It is a very simple idea to use the power of compound interest

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It is a very simple idea to use the power of compound interest  Smart people are easily attracted by complex things, and underestimate the great influence and importance of simple ideas. But Monish Pabrai is a full pragmatist, and he will not fall into this trap. "It is a very simple idea to use the power of compound interest, a very simple idea to imitate, and a very simple idea to be honest." He said. However, when you apply some powerful ideas with great enthusiasm, the cumulative effect is "incomparable".
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Buy private equity funds, Why is there a requirement for 3 million personal financial assets?

The purchase of private equity funds needs to meet the requirements of "qualified investors"

Conditions.

It is not only required to have corresponding risk identification ability and risk-bearing ability

The amount invested in a single private equity fund shall not be less than one million.

In addition, the following requirements shall be met:

Personal financial assets shall not be less than 3 million yuan;

Or the average annual personal income in the last three years shall not be less than 500000 yuan.

One of the two is OK.

So why set such conditions?

The regulation is also to protect investors.

Ensure that investors have certain asset strength and risk in the market

If you can afford it, then invest in private equity funds.

This is because there are many types of private equity funds, such as

Private equity funds investing in the primary market and individual stocks

Private equity funds, some private equity funds may also invest in some

Derivatives, futures, and other high-risk varieties.

Therefore, investors also need to pay more attention when choosing private equity funds

Be cautious and carefully understand the risks behind it.

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