Category: Money Tips Date: 2006-03-06
In the elevator industry met a senior, to consult him on the market view. The older generation is the first batch of fund managers, from the fund out of circles, it has been years in the broker when the Institute of veterans across the investment, research circles, knowing how to do to take advantage of investment in research, doing the research how to effectively support the investment. Often play together before the weekend, each time asked the stock market, whether right or wrong, the older generation always gives a large city on the certainty of the direction of view. This time, the older generation did not go to the big city to make clear instructions. After thinking a moment, only said one sentence: "Rather than guess broader market, it is better to find companies." A "guess" words and a "Find", which graphically depicts this stage, senior members on market attitudes.
Daily newspapers and on television, there are a lot of analysis and forecasting market's point of view, in fact, are in the "guess." I sometimes can not help guessing some. Guess, is not luck; am wrong, and quite normal. If the basis of their own based on the sale of their own or someone else guessed guessed the results above, we had a little too unreal. That their predecessors in order to seek advice on their predecessors on the earnest backward, will express my views on tape, the speaker and the listener will not really, but a predecessor to the backward point of view presentation, with emphasis on real-time fighting under the present analysis. Now the older generation did not even demonstrate demonstrated to illustrate two points: First, do not guess the fun of broader market the past good or ill can guess right a few times, occasionally a fun, but now complex factors, a major turning point season is also the temperature chanuan cold, it is estimated repeatedly guessed wrong repeatedly, down-hearted; One tape did not guess the meaning, and tape used to look a little bit to do with individual stocks, and now who is my thinking to the more broad market, performance may be doing worse. Practical experience so that more and more people recognize that a high throw on bargain-hunting to do band is often a negative contribution to earnings.
Investment that brings me to three basic problems. One is the above mentioned stocks and the broader market. In the future the importance of stock picking will be stronger, not weaker. One is the stock picking method, the election of the theme-round action, or policy reversal, or continue to grow? Judging from the current point of view, the theme-round action in a given year may shine and bright, but often attributed to the following year on the flat, or even far behind, as in previous two years, the automotive sector and institutions, to guide the trend of the manufacturing capacity of hot spot higher, and volatility too. China has not yet been seen to rely on maintaining a stable lead theme of wheeled status. Policy reversal need to reverse thinking, the best in the industry or company involved in the economic downturn in the recovery trend, after recognition by the market to sell, such as iron and steel last year, this year's aviation and the quality of psychological require a higher compressive strength, although millions of people I go to carry on. Growing need for companies have in-depth study and understanding of the company's future performance trends of many years a clear understanding of chest. Currently in front of lead agencies, the basic is to take "sustained growth" of the stock selection method. In other words, at this stage the mainstream market, stock selection method is growing. Another problem is the profit from the transaction, or from holding? Individual investors and small institutions like the deal a few days, not to trade on the uncomfortable, as if that is to be kept in operation, Cai Xing Zuo Gupiao. Observe the others and sum up their experience, get the feeling that: large profits from the possession, petty profits from the transaction. Move to himself not contain himself when the time, we must remind: fees for the enthusiasm, is to do a little petty profits?
Gaze for some time, intended to health benefits and technology, subjects tricyclic, JAC, Hudong Heavy get a small portfolio, with real estate, banking, airport three combinations side by side.
