Category: Money tips Release Date: 2006-10-24
"Come with me Come on, dawn to start waking dream has come true, the heart is no longer afraid."
A "happy home" to our picture of tomorrow's "investor's paradise." China's stock market the past ten years of "paradise for adventurers" Fifteen years after the transition to a "paradise for investors", not like the speed multiplied by the Chaofaxizhi train, sleep wake up one day reached the destination, while the just take the first steps. A thousand miles begins with a single step, the future a long way to go, there are many seemingly around, but the "threshold" to bypass the go, as we have to climb Emei Golden Summit, you must first board will be How do you look "hero Poe, "through the strategically located and difficult of the" thin strip of sky "in order to view the same to the highest realm of Buddha. Freezing cold day for three days, China's stock market speculation in vogue a long time, can be said that the product of a planned economy. Among them, poor quality of listed companies for a variety of little long-term investment, supply and demand imbalance, investors disdain careful study of listed companies, are horizontal in the long-term in front of a Road, "Hum." Let us on how to bypass these "threshold" for some discussion:
1, must be established for long-term investment, "eco-environment"
Suitable for long-term investment, "the environment" requires the securities market through joint efforts of all parties involved, and careful protection, and persistent deep plowing spy.
First of all, the securities regulatory authorities, local governments, the sponsor, properly closed, in the approval of a listed company, they should be conscious to have a "fixed shares" stock screening out potential and to give sustained policy support. Can no longer engage in the planned economy the set of indicators listed according to geographic distribution. Listed companies also can not melt into the capital to repay the debt or a replacement after the arrears of wages, shift enterprise crisis, listed after "Jianguang Si." This requires regulators and the underwriting side off to a good IPO IPO, new from the old is not only the full circulation of the draw-off of non-tradable, and should be good company and the company's designated bad break. To re-examine the approval system of loopholes, not to let the counseling period through the motions, for approval of the financial statements of listed companies to re-verify the packaging market nipped in the bud in order to block the source, the foundation is not strong defects. June 21, 2007, China Securities Regulatory Commission Chairman Shang Fulin, to attend the "First Forum of listed companies," said the SFC would focus on doing a good job in order to work under five: First, to actively promote multi-level market system, and strive to expand the market breadth and depth. The second is to encourage and attract high-quality large-scale enterprises and the issuance and listing of high-growth small and medium enterprises to optimize the structure of listed companies. Third, improve and perfect the mechanism of internal checks and balances of listed companies to further enhance the level of normal operation of listed companies. Fourth, continue to improve and strengthen the supervision of listed companies, and effectively improve the effectiveness of supervision. 5 is to promote industry self-regulatory organization, gradually forming administrative supervision, legal regulation, self-regulation and social regulation of complementary multi-level, comprehensive regulatory system. Shang Fulin said that the current capital market environment and operational mechanism for a series of important changes taking place, listed companies tradable as soon as possible to adapt to the new situation of market environment, and further improve quality. If we can do these five long-term investors are very welcome and expected.
Second, the listed companies to establish a "century-old" business ideas, business behavior in response to a highly responsible investors. Changes in the capital markets as an "ATM" to investors as a "gambler" the old concept. Spending at the cutting edge of sustainable development, we should establish a business reputation, as the same to establish their own "investment credit." To the extent possible to extend the life cycle, steady flow of blood through the stock market itself as a "longevity enterprise." To reassure the investor to hold their stock and, consequently, "slowly getting old together", to the holders of the lucrative no regrets.
As an investor must establish "a hundred years stake," the new concept. The so-called "hundred years stake" does not want to share a muffle to death, but a long-term investments of psychological preparation and able to endure loneliness, there is a strong risk tolerance. To investors in developed countries like the United States, once you have a good texture, "non-moving stocks," not only to hold for life, but also inherited to the next generation. This is a true story: American Sam was born in 1926, her parents bought for him with 800 U.S. dollars a U.S. index fund the development of SMEs as a memento. When Sam's birthday in 2002, when 76-year-old, and occasionally pulls out the piece of yellowing of the fund certificates. The consultation was informed that the then 800 U.S. dollars, 76 years later became 380?千美? Incredible is that during this period the U.S. experienced a number of the stock market crash and the Great Bear, is "not moving stocks," so that they survived to become the biggest winner of the previous risk.
2, short Zhuanggu low tide must be from the road
Chinese at this stage as "Zhuanggu era" is a very accurate and relevant. Refer here to only the banker is dedicated speculation Duanchao of Martial Law. Usually we say that a stock, "stock of living", is actually a "gambling and strong," Stock Analysts terms with is: "clearly involved in a big village, stock market outlook will be double." Praise Makers, encouraging manipulation of stock market behavior, in power, with Chuang Chuang seek to become a trend. However, the dealer pulled Taiwan share prices are not generous, but from the pockets of small retail fishing silver. In the wave of the great bull market universally recognized, and yet there are still more than Liu Cheng is supported by the new investors losing money. If so rampant unbridled makers go small and medium investors never receive a return on investment, achieving "You have me all a" pattern of a total surplus. Recently, the management fired a heavy fist, while reiterating the fight against insider trading, market manipulation practices, launched a real-time monitoring of early warning for each client's trading account new initiatives intended to allow the dealer exposed in broad daylight. Under the supervision of the strong deterrence "Zhuanggu era" will fade into the rivers and lakes has become a trend, or shipped or transferred to long-term Zhuanggu Lock. Along with the dealer's "mission accomplished", the index and strong Zhuanggu may be retreated, and this is a golden opportunity for long-term investment: fall big opportunity, slipped a small chance, if the average city rate can win close to 30 times, the most suitable for long-term investment. Others must worry, nobody PLAY, and the stock market will turn from the cattle Bear? No need to indulge in this heart, open-end funds, QFLL, insurance funds, private equity funds, and separate ways based on long-term capital flows are dominated by the market. In addition, the idea that no one banker spin to the concept of tray is untenable, as long as banks continue to move them to change the primary and secondary shares owned by investment philosophy, generally adhere to the long-term shareholders do not make a little money only to make big money, never withdraw troops were not Italian, and then rose up and have a large plate Shenqingruyan. This has been proved by the developed countries, the truth: no village stocks still cattle.
Third, changing the old attitudes and modes of operation just in time
Shanghai and Shenzhen stock markets run the original model: the beginning of sideways, mid-year inflation, the end of fall, during which most of the time by small and medium investors in the "In the case carry bell," the banker earlier this year to suppress food goods, and then pulled up in the year, in the the end of shipment fulfilled, again and again. Retail joked: "cold spell, summer heat, cool autumn and winter cold." With Zhuanggu fade away, this model will also come to an end, it is necessary to survive in the stock market and can become a winner, you missed a listed company for long-term in-depth and thorough study of the quality and vitality of listed companies is the most critical issues, a However, holders of the company's shares must be the same as the radar tracking investments in order to make Masukura or lighten up the correct investment decisions. Believe my eyes passed over the grapevine that someone else's mouth should be much more solid. Portfolio investment is a wise investment for the result of cultural constraints, can not read the financial statements of the investor funds can be assigned to different investment funds to the operation, in order to control risk. Access to private equity funds, no doubt added to the medium and small investors an investment channels.
Some investors may ask, would it not to long-term investment money to cover the living dead, have to wait for the money still have to sell at a loss with the flesh? Management will soon be introduced in individual stock collateral finance a way to solve this difficult decision. In the United States as long as you produce the stock account, the banks simple Lock confirmed that not a few hours, loan goes into your account. If you invest in is a fine texture of the "non-moving stocks," both bring you continued value-added investment in fun, but also let you add a new financing tool that allows funds readily converted into cash; ready to enjoy profitable results.
In addition, as long-term investors should also be set: Do not make a sub-cents, angle cents, bits and money to make on the concept of making your fill; not short-term fluctuations in stock prices, Zuohuaibuluan concept; not blindly follow the trend of high-concept; get rid of the concept of absolute dependence on the stock analysts; unfamiliar with the concept of not touching; forget the concept of the cost of equity; bought the stock is like buying real estate, gold jewelry, like antiques, do not seek short-term realization of the concept; unless the holders of there is a qualitative change in shares of the concept, and so determined not to flesh.
Based on the center line, looking long-term, gradual change in the short, medium and long-term investment portfolio weighting, patiently waiting for investment opportunities emerge, it will invest more effort in that have been listed and listed companies will study the last stage of the investment strategy.
We have invested in the right direction towards a solid step forward; on the road, we are faintly visible in front of that "investor's paradise," she seems far away, but close at hand!
