Category: Money tips Release Date: 2006-03-08
After the withdrawal of the stock market in 2001, Mr. Zhou was originally thought that never entered. "As a 'man-made Daozu, I fish' market, individual investors want to profit very difficult." But later, he became a strong fund investors began his own long-term investment path.
Choose to leave, the market is disappointing
"I also considered old shareholders," said Mr. Zhou of the first sentence of Beijing represents many fund investors in the past, "but then I was too disappointed the market, so I chose to leave." Past his sixtieth year, Mr. Zhou, an opening on the people feel the weight of history.
Since 2001, Mr. Zhou has totally retreated from the stock market out, partly because of the need money, on the other more important reason is based on the market is not optimistic. As China's thousands and thousands of early investors in the stock market, Mr. Zhou was because "living in this mountain," but even more vital to the market at that time felt rather confused. Governance of listed companies, poor profitability, stock prices did not accurately reflect the company's value; market supervision and restriction mechanism is not very healthy, there is a clear "market maker" traces the interests of individual investors can not be guaranteed. As an ordinary small shareholders, Mr. Zhou felt in the market, just like a proverb describes as "human Daozu, I fish."
"That kind of market, I still Daizhe Why? So she decided to withdraw, and will not get in.." Speaking the tone of Mr. Zhou has been very mild, but at this time can still feel his heart's frustration and disappointment.
Withdraw from the stock market since he has not thought about to buy the fund. Mr Zhou said that, because of the prevailing market was disappointed that he could not believe the fund companies to make money for themselves. "At that time the assets, mainly to invest in industry."
"I want to do a long (investment)"
"Gone through so much, I want to do a long (and investment), you know it?" Mr. Zhou said very sincerely. "Morgan has been on the cast with us, our investors say the fund should be long-term investment. I am willing to do so, but the premise is that you have to have been able to give me enough confidence to do so."
According to Mr. Zhou's fund investment file can understand that he had invested in the fund on the millions of money. Morgan China Advantage Fund, the cast of his first fund subscription, and later put another vote in the previous alpha, double-income balance, growth, Pioneer, etc. three funds. Among them, China's advantages and Alpha Fund, the amount of capital to invest in the largest in 2006 and 2007 respectively, additional purchase. All fund transactions have been offered for subscription, purchase, and not once redeemed, Mr. Zhou decided to vote on the long-term investments Morgan began his journey.
"In fact, I have been waiting for an opportunity to turn China's capital market." China's macro economy has been very strong and the governance of listed companies as well as the stock market constraints, regulatory conditions are constantly improving. In particular, in 2005 the government began to carry out drastic reform of split share structure, so that Mr. Zhou to see a major positive. "Once that's off the burden of history, the stock market will certainly rose. Therefore, I would like to invest more to join in.."
To join the stock market, Mr. Zhou was the choice of funds, not stocks. "Overtaken by events, there are now more than 1,000 listed companies, there is no energy to go. Previously bought the stocks, but also forgot." Mr. Zhou is very humorous definition of a fund to invest in his mind the concept of --- "to find some smart people to come to work for themselves. " A man should have known it himself, Mr. Zhou said he could not beat those of professional investors, so I chose the fund is the most appropriate investment.
