The stock market investors will always  point out how great the stock market such  

股市投資者總會指出股市有多好，這樣的

as the unbelievable rate of return you  could have within a single year. While  

作為你在一年內可以擁有的不可思議的回報率。而

real estate investors will point out the  cash flow that the real state provides.

房地產投資人會指出真實國家提供的現金流。

Each of these groups is right. Both real estate  and the stock market have their pros and cons,  

這些群體都是對的。房地產和股市都有其優點和缺點。

and the truth is somewhere  in the middle, as always. 

而事實是在中間的某處，一如既往。

If you were a stock market investor in 2020,  it doesn't matter what stocks you invested in!  

如果你是2020年的股市投資者，那你投資什麼股票都無所謂了!

You most probably made an incredible rate of  return. If you had invested in tech companies,  

你很可能取得了不可思議的回報率。如果你投資了科技公司。

you probably doubled or tripled your money within  a year, and if you were a real estate investor,  

你可能在一年內把錢翻了一倍或三倍，如果你是一個房地產投資者。

you probably didn't do much.   

你可能沒有做太多。

Property prices increased by around 12%.  

樓價漲幅約12%。

That's nothing compared to how much the stock  market rose but in the context of the real state,  

這和股市的漲幅相比不算什麼，但從實際狀態來看。

12% is a lot because the real estate  market usually grows by two or 3% at best.

12%是一個很大的數字，因為房地產市場通常最多增長兩三成。

So let's try to find out where should you invest  your money this year? Is the stock market better  

那麼我們就來試探一下今年應該把錢投資在哪裡？股市是不是比較好

than real state, or is the real state still  the greatest investment you can ever make? 

比真實狀態，還是真實狀態仍然是你能做的最大投資？

If you have $50,000 or $100,000 that you  saved up, where should you invest it? We  

如果你有5萬元或10萬元的存款，你應該把它投資在哪裡？我們

will answer all of these questions  and many more but before we do that,  

將回答所有這些問題和更多的問題，但在這之前，我們。

make sure to give this video a thumbs up for the  YouTube algorithm, and let's get right into it. 

一定要給這個視頻的YouTube算法豎起大拇指，讓我們直接進入它。


 Real Estate vs. Stock market

房地產與股票市場。

When you buy a stock, it's just  a digital document on the screen  

當你買了一隻股票，它只是螢幕上的一個數字文件

of your smartphone. You almost have no  control over it since your single stock  

的智能手機。你幾乎無法控制它，因為你的單一股票。

isn't going to give you much influence when  the company has another 5 or 10 billion stocks. 

並不會給你帶來多大的影響，當公司再有50億、100億的股票。

While real estate gives you complete  control over your investment,  

雖然房地產能讓你完全控制你的投資。

even if you have taken a mortgage to purchase  it, you can touch it, feel, and control it.

即使你已經按揭購買了它，你也可以觸摸它、感受它、控制它。

What sets real estate apart from other types  of investments is leverage. With 50K dollars,  

房地產與其他類型投資的不同之處在於槓桿。有了5萬塊錢。

you can control 50K dollars worth of stocks, but  when it comes to real estate, with 50K dollars,  

你可以控制價值5萬美元的股票，但當涉及到房地產，用5萬美元。

you can control 500K dollars worth of real  estate. I am a big fan of the stock market.  

你可以控制價值50萬美元的房地產。我是股市的忠實粉絲。

I spend hours every day looking at charts  and numbers or reading reports to find  

我每天都要花幾個小時看圖表和數字，或者閱讀報告，以找到

a good investment, but you have very  little leverage for the stock market.

一個很好的投資，但你對股市的槓桿作用很小。

Of course, there is something  called margin investing,  

當然，有一種東西叫做保證金投資。

where you can borrow from your brokerage firm  to double or triple your income from the trade,  

在這裡，你可以向你的經紀公司借款，使你的交易收入翻倍或三倍。

but it's not as much as real estate. On top of that, margin accounts are usually  

但它不像不動產那麼多。除此之外，保證金賬戶通常

used for trading and not investing since the  interest you have to pay on the borrowed money is  

用於交易而不是投資，因為你必須為借來的錢支付的利息是。

pretty high, while in real estate, you can get a  decent mortgage rate for 30 years, especially now. 

相當高，而在房地產領域，你可以得到一個不錯的抵押貸款利率30年，尤其是現在。


 4. We also have to consider the Cashflow 

4.我們還必須考慮現金流

Have you ever heard the term  - the king of dividends? 

你聽過一個詞--紅利之王嗎？

These are the companies that are within the S&P  

這些公司都在標準普爾的範圍內。

500 that have been increasing their  dividends for the past 50 years or more.

過去50年或更久以來一直在增加分紅的500強企業。

Think about it; 50 years is a long time.  Booms and busts, inflation and deflation,  

想想看，50年是個漫長的時間。 繁榮與蕭條，通脹與通縮。

high-interest rates, and low-interest  rates; these companies have survived and  

高利率和低利率；這些公司生存了下來，並。

prospered through it all and kept raising  their dividend rates year after year. 

興旺發達，年年不斷提高股息率。

One such company is Johnson & Johnson. Guess how  much dividends does it pay? A little over 2.5  

強生公司就是這樣一家公司。你猜它的分紅有多少？2.5多一點

percent. And besides, the stock price did not even  increase by 50 percent in the last five years.
 

％。而且，過去五年中，股價甚至沒有上漲50%。

While when it comes to real estate, you can  get 7, 8, or 10 percent. It all depends on  

而在房地產方面，你可以得到7%、8%或10%。這一切都取決於

the neighborhood and the property. So  if Cashflow is more important to you,  

鄰居和物業。所以，如果現金流對你更重要。

then real estate is the option to go with.
 But The problem with real estate is,  

那麼房地產是可以選擇的。但房地產的問題是。

it's nearly impossible to have such a high  growth like you could have in the stock market  

幾乎不可能有這麼高的增長，就像你在股市裡一樣

unless it's a bubble. Sometimes a company enters  the game and revolutionizes the entire industry,  

除非它是一個保麗龍。有時，一家公司進入遊戲，徹底改變了整個行業。

and a 10 or 20K dollar investment in that company  could worth millions in less than a decade. 

而在該公司投資一兩萬塊錢，不到十年就能值幾百萬。

Netflix is a great example, but it's just one  out of many. Netflix stock price since 2012  

Netflix是一個很好的例子，但這只是眾多例子中的一個。2012年以來Netflix的股價

rose by over 5730%. Which means, every thousand  dollars that were invested in Netflix back then  

漲幅超過5730%。也就是說，當年每投入一千元在網易公司的資金

now worth over 57300 dollars. In other words, if  you invested just 18K dollars in Netflix in 2012,  

現在價值超過57300美元。換句話說，如果你在2012年只投資18K美元在Netflix。

without doing anything else, you would have  become a millionaire today. The stock market  

不做其他事情，你今天就會成為百萬富翁。股票市場

is filled with such examples. When it comes  to growth, the stock market undoubtedly wins. 

充滿了這樣的例子。說到成長，股市無疑是贏家。

But if you are not emotionally stable,  then the stock market isn't for you.  

但如果你情緒不穩定，那麼股市不適合你。

The market jumps up and down every single  minute. Sometimes it's all over the roof,  

市場每時每刻都在上躥下跳。有時候，它是所有的屋頂。

rising like there is no tomorrow, and if you can't  control yourself, you will start buying more when  

漲勢如日中天，如果你控制不住自己，你就會開始買更多的東西，當

you shouldn't since that plunge will be followed  by a correction. And vice versa, when the stock  

你不應該，因為暴跌後會有一個修正。反之亦然，當股票

is falling for a few days in a row, you have to  understand that is temporary and be patient.
 

是連續幾天下跌，你要明白那是暫時的，要有耐心。

But what I don't like the most about the stock  market is that when you invest in a certain  

但我最不喜歡股市的是，當你投資於某個

company, especially if it's a safe investment in a  huge company like apple. You do not feel like you  

公司，尤其是在蘋果這樣的大公司裡安全投資。你不覺得自己

own something. I mean, of course, theoretically,  you are one of the owners of the company, but  

擁有的東西。我的意思是，當然，從理論上講， 你是公司的所有者之一，但。

how much your 10K, 20K, or 100K dollar investment  in the company really worth. How much real wealth  

你在公司的1萬、2萬、10萬的投資到底值多少錢。真正的財富有多少

does it provides you when the company worth over  2 trillion dollars. While when it comes to real  

它為你提供了當公司價值超過2萬億美元。而當涉及到真正的

estate, you own the entire thing.   

財產，你擁有整個事情。

What we also have to consider are taxes! If  you make a million dollars and the government  

我們還要考慮的是稅收!如果你賺了一百萬，而政府

takes half of that such as in the case of income  tax, then you are not making a million dollars.  

取其中的一半，如在所得稅的情況下，那麼你是不是賺了一百萬美元。

And that's where real estate  also wins over the stock market.

而這也是房地產勝過股市的地方。

When your stocks rise in value, remember  that you are only getting wealthier on paper.  

當你的股票增值時，請記住，你只是在紙面上變得更富有。

If you want that wealth to turn into  real money that you can spend on yourself  

如果你想讓這些財富變成真正的錢，可以花在自己身上的話

or buy another asset, then you have to sell  your stocks and pay a capital gain tax, which  

或買入其他資產，那麼你就必須賣出你的股票，並支付資本利得稅，這是

is 20 percent for long-term investments and can  go as high as 37 percent for short-term trades. 

對於長期投資來說，是20%，對於短期交易來說，可以高達37%。

With real estate, there are multiple ways to  avoid taxes and use that cash to grow your  

對於房地產，有多種方法可以避稅，並利用這些現金來發展你的。

wealth. For instance, instead of paying for  the entire property upfront, you can deduct  

財富。例如，你不需要預先支付整個房產的費用，而是可以扣除。

the portion of your mortgages attributable  to interest payments on your tax returns.  

您的按揭貸款中屬於您報稅時利息支付的部分。

You can recover the cost of income-producing  rental property through depreciation.

你可以通過折舊來收回創收租賃物業的成本。

Depreciation expense often results  in a net loss on investment property  

折舊費用往往導致投資性房地產的淨損失

even if the property actually  produces positive cash flow—this  

即使該物業實際產生了正的現金流，這

loss, as well as expenses, such as utilities  and insurance deducted from ordinary income.

損失，以及從普通收入中扣除的水電費和保險費等費用。

Even if you end up selling the house, you can  avoid paying capital gain tax if you purchase  

即使你最終賣掉了房子，你也可以避免繳納資本利得稅，如果你購買了

another property that's bigger. Tax incentives  

另一個更大的財產。稅收優惠

in real estate are unbelievable. It seems like  real estate investors wrote the tax code. 

在房地產是令人難以置信的。好像是房地產投資者寫的稅法。

2021 

2021

Alright, now we know all the ups and downs  of both the real estate and the stock market,  

好了，現在我們知道了房地產和股市的所有起伏。

and in many ways, real estate looks  like a good deal. But the question is,  

而在很多方面，房地產看起來是一筆好買賣。但問題是：

what's the best investment now, this year?

現在，今年什麼是最好的投資？

Well, the answer is a bit complicated but let  me simplify it. Real estate a great investment,  

好吧，答案有點複雜，但讓我簡化一下。房地產一個偉大的投資。

especially when mortgage rates are low.  Even a single percentage is going to  

尤其是在房貸利率低的時候。 哪怕只有一個百分點，也要

play a huge difference in the long run, so  with mortgage rates now around 3 percent.  

從長遠來看，起到了巨大的作用，所以在現在房貸利率在3%左右。

It's definitely one of the best times to  take a mortgage, and for the past year or so,  

現在絕對是一個最好的貸款時機，而在過去的一年多時間裡。

everyone who saved up for the  downpayment did take a mortgage. 

每個人都攢下了首付做了抵押貸款。

The fed was so afraid that the pandemic will  stop people from buying houses that it lowered  

美聯儲害怕疫情會阻止人們買房，所以降低了

mortgage rates from almost 5 percent in  2018 to 2.6 percent by the end of 2020.

抵押貸款利率從2018年的近5%降至2020年底的2.6%。

But that reaction in mortgage rates led many  people to take mortgages to the point where  

但房貸利率的這一反應，導致很多人的房貸到了。

home prices rose significantly, as we have  discussed in one of the previous videos. 

房價大幅上漲，我們在之前的一個視頻中已經討論過。

Home prices usually rise by 2 or 3 percent  just to match with inflation, however in 2020,  

房價通常會上漲2%或3%，只是為了配合通脹，然而在2020年。

in the middle of a pandemic when most people  lost their jobs. Home prices rose by 12 percent. 

在大多數人失業的大流行中。房價上漲了12%。

That's why many economists  predict a certain correction. 

這也是為什麼很多經濟學家預測會有一定的修正。

But that's just a prediction because  we are not out of this pandemic yet,  

但這只是一種預測，因為我們還沒有走出這場大流行。

and the fed might keep mortgage rates low for  another few years. Everyone who couldn't take  

和美聯儲可能會將抵押貸款利率再維持幾年的低水平。每個人都不能接受

a mortgage in 2020 will do that this year and in  the next few years. So there is a very good chance  

2020年的房貸，今年和未來幾年都會做。所以有一個很好的機會

that home prices will keep rising for another  few years as long as interest rates are low.

認為，只要利率較低，房價還會持續上漲幾年。

The same goes for the stock market. During the  2020 crash, the fed stepped in and flooded the  

股市也是如此。在2020年的股災中，美聯儲出手，淹沒了

market with cheap money. It started buying  junk bonds and even lent money to the largest  

市場的廉價資金。它開始購買垃圾債券，甚至借錢給最大的公司

corporation such as Apple or Microsoft. Most of  these companies should have suffered last year,  

蘋果或微軟等公司。這些公司中的大多數應該在去年遭受。

but the fed chose to inflate the market to  prevent a deflation. Of course, that's great,  

但美聯儲選擇讓市場膨脹以防止通貨緊縮。當然，這很好。

but what happens when the Fed increases  interest rates or stops buying corporate bonds?  

但當美聯儲提高利率或停止購買公司債券時，會發生什麼？

Most of these companies will start  suffering, so the market could  

這些公司大多會開始受到影響，所以市場可能會

witness even a bigger correction compare to  what we have seen in the last few weeks. 

與過去幾周的情況相比，我們看到了更大的修正。

But according to the fed, it plans to keep the  interest rates at the bare minimum for a few years  

但根據美聯儲的說法，它計劃在幾年內將利率維持在最低水平上

until the economy is back on its knees. That's  what the fed plans, but that doesn't mean it's  

直到經濟復甦為止這就是美聯儲的計劃，但這並不意味著它是... ...

gonna happen. Only time will tell. 
 If you have enjoyed this video,  

會發生。只有時間會告訴你。如果你喜歡這個視頻。

you will most definitely enjoy this custom  playlist that I have created specifically  

你一定會喜歡這個定製的播放列表，我已經創建了專門的。

for you that has our most popular videos on  business, investing, and the stock market  

為您提供我們最受歡迎的商業，投資和股市的視頻。

that can potentially change your life. And now give this video the thumbs  

可以潛在地改變你的生活。現在給這個視頻豎起大拇指

up that it deserves and make sure to  subscribe if you haven't done that yet. 

如果你還沒有訂閱，請務必訂閱。

Thanks for watching and until next. 


感謝您的觀看，直到下一次。