Category: Money tips Release Date: 2006-11-14
From the stock market crash began last Wednesday as investors a nightmare, said the day's biggest decline in nearly four years of record. All in all, I was also a victim of this fall, because just the day before the crash, I told a friend recommended a stock - G's widely. This is the first four years, I only recommend stocks to man To her surprise, surprise defeat to such position, in which depressed feelings words can not describe.
Recommended buying price from the date of my friend who is already in the stock lose 12%. Although he is a relatively generous person, and did not complain about anything, but for self-inspecting the general trend has been fairly clear that the author is concerned, this failure is indeed a serious blow to the self-confidence.
Speaking of the recommended stocks, and between them一段小插曲. As saying that five years ago, that is, in 2001, I was in a securities company affiliated Web site work, the daily job is to make the fund, B shares of the analysis. As a result of the relationship, often receives a number of shareholders an advisory telephone, thereby to know a friend who mentioned earlier.
At that time, state-owned shares have been on the agenda, market trends at stake. But my friend is a hand despite their hearts will not take the stock is not practical people, there is no way in the circumstances, I recommended to him two funds - Jijinkehui, Jijinkexun, thinking that even if the stock market to fall, the Fund always falling to a little less bar!
Subsequent adjustment Ruqierzhi. Recommended time to buy the fund in August 2001, in the ensuing stock market dropped 1400 points from 2000 points during the Jijinkehui, Jijinkexun are not being spared, or were over 20%.
The passage of time, I also forgot to gradually put the matter behind. Until last Tuesday, has eventually becoming associated he suddenly gave me a telephone call to say that those spent 6 million on the purchase of those two funds, through dividends and rising profits have more than 40,000.
Hearing this news, I was stunned surprise, not because four or five years before the recommended stock doubles complacent (as too shameless a), but admire his perseverance. Just think, in the four years of bear market in the hands of the stock market value of seeing a shrink every day, which may withstand much pressure. And he has all along insisted did not throw, and finally to the one finally Yuet-ming Shou-I do not know whether there were any elements of luck inside.
Out of curiosity, the author has had to date in August 2001 for all closed-end funds rise. Not do not know, all these funds really are many "good showing" in addition to Jijinkehui, Jijinkexun outside Jijinkexiang Fund Jingyang, funds with the intellect, the fund industry downturn, the fund had outperformed the same period in an waiting broader market over 50%. It appears that financial experts for nothing.
Since this market really has to hold five years allows you to earn double varieties, then we really want to change its strategy to invest in the mentality to buy stocks, rather than cling to the idea of making pieces of eight hair to chase sell into it ? Prior to this, the author of China's stock market is holding a gambling mentality, because without him, because the lack of real investors in this market long-held and profitable variety.
I remember a few years ago, a well-known scholar made his famous "casino theory", which has caused much controversy. In fact, the stock market is a casino criterion is very simple, it is that it is not a "zero sum" market. The so-called "zero sum" market is in a closed market system, its output is less than or equal to the inflow of some people's profit to a loss of others as a precondition.
If the pure statistical data to calculate if the current profits of the two cities more than 1,300 listed companies do not seem to increase the market value of part of the amount of financing is higher than previous years as well as the total amount of funds into the stock market. So, essentially speaking, A-share market is still a "zero sum" market, that is, the casino.
Of course, in this casino that not all species are "zero-sum" game, as mentioned above, closed-end funds, if the closed-end funds as a closed system, then it's output is greater than the Christian Democratic input, So far as closed-end funds, is the concept can be an investment to the long-term hold.
