Category: Money tips Release Date: 2007-06-09
Many years have passed - I believe a few years later, Yuan-Sheng Liu's investment story will still be people constantly mention. Yuan-Sheng Liu was able to return on stock investments beyond Buffett, because he was "unrequited love" on the Vanke (000002.SZ), even though the years squandered, he Sishou Vanke stubbornly persists.
Story begins almost 20 years ago. In December 1988, Vanke officially released to the community shares a commitment to foreign investors had pulled out playing drums, Yuan-Sheng Liu Shi-partner has been licensing the Shenzhen Stock Exchange, with foreign capital status of A-share accounts opened purchased Wanke initial offerings and invest in 3.6 million yuan. 19 years later, in accordance with Vanke July 25 this year, closing price of 35.20 yuan terms, Yuan-Sheng Liu Vanke in the hands of the market value has reached 2.05 billion.
LIU Yuan-sheng's "myth" can be replicated? Do not copy do? Faced with the shares of the mysterious sea, you have not thought about, as long as you can have a stock with its hand in his home. Unrequited love, let love long-distance given rise to dazzling sparks.
Why does a stock can? If your investment value of 20% a year, then the investment 100 million yuan, then 20 years later, you will have 38.34 million yuan. Herein lies the magic of compound interest. Compounding the world's most famous beneficiaries of Buffett, buy and hold strategy of a firm to obtain an average annual compound return of 28.6% of the 40-year period, revenue 20000 times. Some economists have made, if you invest in the Song Dynasty, when a coin, now you can buy it in New York.
Then the short-term riches of myth? If your investment in the first month of growth of 100%, a loss of 50% of the second month, and so the cycle, then 20 years of experience, you still have only one million on hand, but also ran lost CPI. If you have too much trouble, we can assume that the introduction of more complex point, citing Zhu Ping, director of Guangdong Development Fund's investments, then, "If you do three pens investment in two ways, one is the first time earned by 100%, the second earned by 50%, the third loss by 50%; the second is making around 20% each time, but it stays at three. "All told, the answer and you think the same?
If the idea of buying companies to look at the stock, short-term price fluctuations will seem unimportant. For investors who want to buy a business for the future of the enterprise's industry, product positioning, governance structure, cash flow, assets, liabilities, condition, etc., must be carefully considered. Since before the investment enterprise, you will think again and again; So before buying a stock, how can you just listen to the message, and the crazy speculation concept?
You might have heard one after another myth flourishes, but, to wait until low tide, you can look at them clearly in the end there is no swimming naked. Securities issued in Fujian ranks first race simulation stocks individual investors Zeng told the weekly financial reporters, although he had during the bear market 40% -50% of the revenue, but a mistake is sufficient to destroy all the profits . "In the past probably no one more than I know how to speculation, convertible every day," but now, "the extreme view, short-term trading or even immoral, because you make with other people's money losses."
Investment is to uphold the essence of value investing
Money Weekly found that many retail investors Commenting on long-term investment, will be right from their own hands, "Zoutuo" the blue chips a rude awakening, "If getting now ... ..." These people have not yet been understood, is to buy shares in graphics to "look right" in.
For value investing, I believe investors are familiar with, but the true followers, and were not really so much. Short-term to win the rapid expansion of wealth, investors drew a huge cake. After some rain, but after the painful lesson that some short-term customers, after re-to "cash" back to their old-age shares.
5.30 of the crash spread overnight, the awareness of the long-term investment, we should know that only long-term holding of stocks, will finally make money.
�Oriental Pearl two years, five times as large Zeng
In the circle of friends, the previously mentioned long-held retail Zeng Pearl of the Orient (600832.SH) Wurenbuxiao things. From April 2005 buying, this year began to sell, Zeng holds the time Pearl of the Orient has been nearly three years. "Stock reform, I have also sold Oriental Pearl Tower, when 30% of the share reform brings profits. But it is the first batch of stock reform, but I did not fully grasp the meaning of stock reform." Zeng told the weekly financial reporters, three months later, in understanding the meaning of the shares after the reform, he once again higher than the price of 10% of the price to buy back more shares of the Oriental Pearl. If you buy from the first date, Zeng earnings close to 500%.
"The first time buy, we have taken two waves of diving, a loss of about 30%, but I have always held firm. Because before I bought the Pearl of the Orient made a very detailed analysis. GDP growth in the main there are three carriages - investment, exports and consumption. investment risks faced by the macro-control, while exports are also facing the RMB appreciation, so I chose to consumer stocks. Oriental Pearl Tower are engaged in the media industry, is monopolies. so that it also has growth, and monopoly. It also has a Oriental Pearl TV Tower, the Oriental Dragon TV cable network, as well as equity, which involved the whole industry chain. "
Zeng began to enter the market in 1999. "At that time I may be better than anyone speculation, almost every day for the stock. In 2003 to participate in analog Minfa competition stocks when the won the monthly yield of 40-50%. But after several years of hands-on, found that short-term like a gamble, because the stock prices of short-term are unfounded. "In this way, Zeng's short-term experience in 2003, when abruptly put on hold.
I will hold China Yangtze Power for 10 years
"In the short term China Yangtze Power (600900.SH) are strong, and I will always hold, at least take 10 years", individual investors, financial weekly Mr. Lee told reporters. In saying this, he also sold China Vanke and remorse for the year.
Mr. Lee has been copied in the second half of 2005 at the end of Vanke's great, but after the share reform Wanke Wanke sold on the ground not that good, but because the warrants market was hot, unable to bear their own loneliness. "I am optimistic about China Vanke, when the fund managers do not many good, but unfortunately I have the psychological desire for riches too strong," Mr Lee said he sold China Vanke, the do it warrants, but until now, the proceeds of the far and long-term holders of Vanke.
For the reasons to take a long power, Mr. Lee said that one promising long power management team and play a long the CLP's profits is very stable. Mr. Lee last year, four-quarter price of less than 3 yuan to purchase long-electricity warrants, in the beginning of this year, has a long power warrants to 8 times than a dollar per shipment, and then to grow at 11 yuan for power stocks, though less than a year However, a lot of money.
In fact, always reminiscent of sharp handling and Kuaijinkuaichu private equity funds, value investing there is no lack of "fans."
�Private 6 gold stocks did not move for three years
Shenzhen, a well-known private equity fund manager told the weekly financial reporters after the company was founded in early 2004, he has also bought China Vanke, Maotai, China Merchants Bank, Yantai Wanhua, China Life and Ping An of China. Today, these stocks are amazing.
Why Moutai? "In the past the value of Maotai liquor inventory of more than 200 million, while the market value of just over 100 million, this figure alone can make buying decisions. We were able to determine Moutai 10 years beat the market volatility." "As for the buying opportunity, As long as you think that price is lower than the value, can be considered to intervene. "
Until now, this private company did not sell the above-mentioned six stocks. "The reason is very simple, can not find the reason to sell. As long as the company changes the texture did not happen, as long as the company still meet the original selection criteria, there is no need to throw." The private equity fund managers also cited the famous words of Shakespeare, mutual encouragement and financial weekly readers , "No experience of wind waves, how can we grasp the great wealth?"
�Ren Guang-Fen Maotai Stock Appreciation 500 million
In the first two cities had been high-priced shares Moutai (600519.SH) behind, Ren Guang-fen of this name was a lot of people deeply remember. Ren Guang-Fen is known to hold Maotai began in 2001, coincided with China's stock market before the wave of the bull market's highest point, is that as long as four years after the slowly Xiongtu.
Maotai 2001 annual report, he was among the Moutai Guangfen's sixth-largest shareholder, at that time, she holds Maotai 98.38 million shares, compared with 0.39% stake. In accordance with the right to re-price fixed-point of view, Maotai December 31, 2001 closing price of 38.55 yuan, while this year's July 25 closing price of as high as 529.10 yuan. Maotai Deputy General Manager told the weekly financial reporters, Ren Guang-fen is still "Chilian dismay" Maotai.
�Huang Mu-Shun is the shareholder of Asia Standard construction of the first circulation
March 31, 2006, Huang Mu-Shun not the building in the Asia Standard (000046.SZ) of the top ten shareholders of tradable shares on the list. In the year's mid-year report released in August, he has to 694.3 million shares, accounting for 2% of the size of equity among the top five. Since then, Asia Standard construction began to burst higher, to July 25 this year, 48 yuan daily income, compared with March 31, 2006 to 4.92 yuan turned over nearly ten-fold. In the meantime, the building appeared four times Fanhai big shock adjustment, Huang Mu-Shun was unmoved, and always adhere to Opening.
�China Merchants Bank is the son of Education Fund
"You are a financial journalist, it should be a better understanding of it, do you think of how kind of China Merchants Bank, recently there is no negative news, right?" To meet with Emma, the first thing actually accept her first "interview."
Just before his son in 2002 to enter primary school, Emma selected China Merchants Bank. "At that time I've been using China Merchants Bank credit card for some time, I think the line move much better service than other banks, business philosophy is also very clear. I feel in the future such a bank should be more competitive."
Emma's start-up capital only 5 million, buying time is in April 2002 has just been listed China Merchants Bank, shortly positions average price of 10 yuan. Have the "big deal to have been clutching, or simply wait until the time when his son to college with" the idea that, Emma "muffled" the China Merchants Bank, and a "muffle" is 5 years. In June this year, when the stock market fluctuating at high levels, China Merchants Bank under adverse economic strength to become the eyes of investors and analysts "golden shares." Emma at 5 years, the return on investment close to 600%.
�W all the way down all the way to buy the set of
"Dead do not sell" one night singing China. Financial weekly reporters found that the real attachment in a stock investor, there is always one's own "Classic."
"I bought the set of 2003, when the price is probably more than a dozen yuan. Then catch up with the container business is the economy, the set suddenly rushed 30 yuan, and later from the approximate 16 per diluted down to 7 yuan, I bought all the way. "W summing up the ownership experience, Mr. said:" I feel like I understand this industry and its business model, we concentrate on enjoying the company's growth. "
In addition to his "professional judgments", you can also "borrowing" to get rich. Has a strong research capacity to follow the footsteps of the Fund, select and "catch on" their old-age shares, may well be good policy, retail Liu Shi is doing.
Although some people have doubts about rather to buy funds, however, due to the Fund's investment in a ratio of restricted stock, so if you have eyes that to pick the one "on the stock," then, Cheong enjoy higher returns than the Fund is not a natural If the next.
�Buy Wuliangye earn three times is not enough
Liu Shi, the end of October 2004 began buying Wuliangye (000858.SZ), then through constant Opening, Wuliangye currently holds the number of shares, holding an average price of 12 yuan.
He tell the financial weekly's logic is: Wuliangye the rich as China's wine consumer, product prices can only rise and not fall forever; the other hand, although the Wuliangye and Maotai product pricing is almost the same, but the stock price is always Moutai yes Wuliangye 3 times more, "there Maotai the high pole, Wuliangye increase in the price of space should also be significant."
"Pre-market crash, I did not lighten up a little, or tune warehouse, after the operation also the main Opening." Shi Liu said, Wuliangye has always been optimistic about the robustness of the long-term fund-type investment products, while they themselves are prepared to treat it as old-age pension shares. For the short-term fluctuations, Liu Shi, rich and respected fund managers, Chen Tianyi Ge famous - "My specialty is numb."
Proximity and easier access. There is also a category of investors, in the side discovered "America." After all, the recent creation of the deepest understanding of the distance, if you only stock in which the industry, the company behind the well known operating conditions, do you think it can escape from your palm do?
�Z Minsheng Bank to buy every month
Minsheng Bank (600016.SH) employee, Mr. Z confidently told financial weekly newspaper reporter: "I also intend to continue to buy at least 5-10 years of Minsheng Bank shares." Z Mr. Minsheng Bank's investment began in 2001 and thereafter year with the idle funds to buy a little, and sometimes two million shares, sometimes 3-4 million.
"Long-term point of view, I have been optimistic about the Minsheng Bank, but every year when buying their own will find a price that values are relatively undervalued." Overseas working experience, with due respect, Mr. Z, "from the annual performance growth, asset quality, scale, Future trends point of view, I think Minsheng Bank are good, but the entire financial industry is to benefit from economic development. in the bank stocks, I think the best corporate governance Minsheng Bank, asset quality and profitability levels are satisfactory. "
