The Scale Of Investment In Stock Market Has Reached 2 Trillion Yuan.

From the market value, 2 trillion yuan is the total market value of 8%, according to the proportion of 20% of developed countries, we should say that our problem is not big.

But the market difference is huge. Our Chinese stock market is not mature enough, and most of the investors are retail investors rather than institutional investors.

Therefore, the positive feedback effect will be very obvious.

The so-called positive feedback effect refers to: when the money rises, thirst for money and greed are unruly, so that the market continues to rise; on the contrary, avoid the market and chatter away.

The key problem is that stock investment belongs to long-term investment, while debt financing belongs to short-term financing. Stock investment belongs to no period investment, while debt financing belongs to term financing.

Here is a question of term mismatch.

Some people say that the stock is highly mobile and can be bought and sold at any time, so the deadline match can be achieved.

In theory, it is good, but in practice, it is often far from the theory.

Because, when rising, the timing of financing buying is scattered, more today, a little bit more tomorrow, and then gradually accumulated; but when sold differently, it is likely that the cumulative energy burst out, at least when the selling power of the selling disk will be far greater than the increase.

In this regard, we must be cautious in financing.

In the future, do not wait until the market really sees the top and run again.

When do we run? Yang Yang has a famous saying: do not eat fish head, do not eat fish tail, only eat fish body.

That is to say, when we see "fish head quotes", it is time to run.

What is the fish head Market? It's hard to tell the truth, and often the market is extremely crazy when it comes to fish market quotations. When is the summit of madness? No one can tell clearly.

At this time, the test is the practice of investors, to see when you can reasonably "good luck".

It is also a word of "empty head melon brain". What is "good for good"? Let's see "good" now. Can I accept it? I have nothing to say.

But we can recommend a way: we can enjoy the pleasure of leveraging at the beginning, but the more we go backward, the more we need to reduce leverage until leverage is taken as an example.

This allows you to become more relaxed and face the ups and downs of the stock market.

Don't worry, calm down.

Businesses need time to ferment those promises to market investors.

The most important thing to invest is to wait for a word -- wait quietly.

This is what Buffett said, the stock price can go up for a few days, but the enterprise has done well and has been making more money, which needs to be calculated year by year.

But it doesn't matter. Even if the market is down, you only need to get real good stocks, and you really want to grow up with the enterprises, don't care too much about the stock price's ups and downs. The premise is not to borrow money.

Otherwise you can't afford to lose.

Isn't Buffett doing this? We all envy him, but how many people can really do that?

Washington Post has been holding shares for 30 years with a yield of 128 times.

We also have such a person in China. Liu Yuansheng, the largest individual shareholder of Vanke, has never bought and sold for 18 years. As a result, the original stock of 4 million yuan was turned into a market value of 2 billion 768 million yuan in 18 years.

Do we have such luck? There is no doubt that now is the opportunity.

Looking at the history of human and Chinese economic development, every round of ups and downs in the stock market indicates the explosive growth of a number of excellent enterprises.

Therefore, we must have the strength, and our own strength comes from our own institutional arrangement. If you introduce the financing system for your investment, you will not be able to become a 18 year and 500 profit Liu Yuansheng.

Many people worry about the stock market bubble, and often tell us from the history of many bubbles such as the South China Sea bubble. We are glad to be reminded.

But I'm also very sober. Bubbles can't be simply analogous.

First, the South China Sea bubble is a bubble of fraud, and the basis of our stock price rise is not fraud. Second, equity capital favors new things. This is instinct and hobby, and new things are not profitable at the beginning. They can not be evaluated by traditional valuation methods. This is the unique characteristics of the stock market.