In 1998, at the age of 20, she accumulated 1 million in assets and even planned to acquire a securities company—this sounds like a fairy tale, but it indeed happened to some of the earliest practitioners in China's securities industry.
There is an interesting investor in Vancouver who always claims she is lucky. But a closer look at her experience shows that it’s not luck, but rather timing the era perfectly. In 1998, the domestic securities market was just beginning, and market participation was far less than today, with enormous gaps in information and opportunities. Early entrants were like the first people to pick up pickaxes during a gold rush—no need for complicated strategies, just going with the trend could lead to great wealth.
Her ability to achieve initial wealth at such a young age essentially came from seizing the biggest wealth window of that era. This experience also offers insights for current investors: market opportunities often appear during times when confidence is low and participation is minimal. Those who can identify cycles and dare to enter often reap the greatest rewards. This logic has remained unchanged from the securities market to crypto assets.
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POAPlectionist
· 8h ago
Damn, this is the real time in the market beats timing the market. Back then, information advantage was money.
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WhaleShadow
· 8h ago
Speaking of 98 being the entry point was definitely exciting, but now? The information gap is gone, and catching the trend is more about luck.
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tx_or_didn't_happen
· 8h ago
Damn, the information gap from 98 is really outrageous. Now it's even hard to replicate.
In 1998, at the age of 20, she accumulated 1 million in assets and even planned to acquire a securities company—this sounds like a fairy tale, but it indeed happened to some of the earliest practitioners in China's securities industry.
There is an interesting investor in Vancouver who always claims she is lucky. But a closer look at her experience shows that it’s not luck, but rather timing the era perfectly. In 1998, the domestic securities market was just beginning, and market participation was far less than today, with enormous gaps in information and opportunities. Early entrants were like the first people to pick up pickaxes during a gold rush—no need for complicated strategies, just going with the trend could lead to great wealth.
Her ability to achieve initial wealth at such a young age essentially came from seizing the biggest wealth window of that era. This experience also offers insights for current investors: market opportunities often appear during times when confidence is low and participation is minimal. Those who can identify cycles and dare to enter often reap the greatest rewards. This logic has remained unchanged from the securities market to crypto assets.