When I met a Mediterranean rich man, I showed

[Book scrap]
When I met a Mediterranean rich man, I showed him my stock balance. At that time, my stock balance was full of stocks without cash, and more than half was negative. He said, kicking his tongue.

"What's the point of holding a lot of stocks? They're all negative. You can't take any additional measures because you don't have cash. If you do this, you'll only continue to make urgent investments. So you should always have about 30% in cash in your balance. You would have spent a lot if you had set aside the proceeds whenever you made a profit."

After listening to him, he refuted that even if there is a profit, it is better to invest in all of them, saying that this can make more profit on welfare.

"It's more important to keep a profit than to make a lot of money. It's impossible to make a profit every time from investing in stocks, but what if you invest all that money three or four times and lose all of it?"
        
After that, I created a separate bank account for the proceeds. It became easier to manage stock investments as it became easy to understand how much profit was made compared to the principal and how much cash could be mobilized.

- <Invest in stocks like a Mediterranean rich man> by Park Jong-ki