A Shares Are Entering The Era Of Value Investing, And Investment Logic Has Opened Up The Human Brain.

As a magic market, the logic of investment in A shares has also opened up the human brain.

Strictly speaking, the investment logic of a large number of brain holes has given speculation instead of investment. Many so-called opportunities, profits and good news have been given, and the performance of share prices is only a flash in the pan.

For example, when diplomatic relations were tense, the company's short listed stocks of "day" or "phenanthrene" had been shot for a short time. The state has disclosed major policy plans, and the market has been popular immediately.

It's because they look interesting.

Many of the investors studied early on what hot spots were listed on the stock market, or which new concept stocks came out, but this opportunity was hard to grasp.

To be sure, there will be plenty of imaginative opportunities in the future, so that the holders of these stocks suddenly feel a brief surprise.

But in the long run, it may continue to follow the same order, because speculative speculation seems to be able to achieve substantial gains at a time, but the trend will not change.

The A share market is constantly changing and improving. The reason why most investors hate the SFC is that the SFC's strict supervision and seemingly unprofessional policy make investors no longer able to return to the early days of the stock market.

However, this era is the era when A shares begin to mature. The logic of investment in A shares also needs to conform to the requirements of this era.

A shares are entering the era of value investing. Many people will sneer at "value investing". But it is undeniable that this is the real capital investment, speaking in terms of the value of the enterprise rather than the story of the enterprise.

Microsoft, apple, Tencent's share price is not based on the external touting, but the performance of real gold and silver. Even if people always question their products, sales volume and market, steady and mature investors will still put money on the stocks of these companies.

Just like the white horse stocks in the two quarter of 2017 are mainly consumer oriented, the key to share price rises is that their performance has been recognized by funds.

But investment also needs to be noted, not that the stock price will continue to rise as the result is good, and the precondition is the price earnings ratio of the company.

When the P / E ratio exceeds the reasonable space, the performance of listed companies can not support the high stock prices. This is the reason why the white horse stocks are short of stamina after a long time.

Careful study is

True investment logic.

Some netizens have questioned some of the listed companies on the social platform. Some of them have been very reluctant to respond. Because the company has already disclosed relevant information, it is obvious that netizens did not read the relevant contents seriously.

If even this basic content is not willing to study and analyze, it is like playing football with eyes closed. You know that Chinese men's soccer players are not sure to shoot with their eyes open.

If we conform to the development trend of the securities market, there are five kinds of current A equity investment logic.

The first is the basic research of the company, which requires investors to have a comprehensive understanding of the company, including its production, operation and management, and study all the public information of the company.

The second is industry based analysis.

We need to have a thorough understanding of the industry and make a subdivision study of the plate that continues to rise for a long time and find the leading stock.

These two logics are based on fundamentals.

The third logic is the analysis of research reports. Many brokers will publish research reports on listed companies with analytical value. They will put forward investment ideas on the stock and analyze their personal and team situations, and indicate that their views are for reference only, not as investment suggestions.

The fourth logic is follow the logic, that is, by studying the situation of the ten largest circulation shareholders of listed companies, we can judge whether the company is optimistic or attractive.

Or to study the situation of private placement and fund increase and decrease, and follow closely the operation of companies with strong strength. Of course, the fundamentals of listed companies should be studied.

These two logics belong to authoritative organizations.

The fifth logic is technical analysis, and it can be used to judge the ups and downs of the stock market through various technical indicators.

Just as long as the body is normal, everyone can participate in it, but the proportion of the real high level athletes in the billions of cardinal numbers is negligible. Most people do not have professional training. Their purpose is simply to take part in or take it as fitness. If they are really in the arena, they will lose but they can not afford to gamble. As for stocks, they can participate in the purchase of 100 stocks in the pocket. Most people do not have professional and systematic training and training. The difference is that they think A shares will become their teller machines. As a result, they are standing on the professional arena, and then they will lose their sight, and then they will blaming the referee and the rules set by the referee. Like running

This is the realistic portrayal of today's A shares.

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