Snowball Special Issue 050: "12 Ways to Make Money"

Chapter 15 Only earned 8% a year, but learned a lot
Quiet and able to advance, individual investors, published time: 2014-12-31, Xueqiu APP download: http://xueqiu.com/r/2YviQn, original text link: http://xueqiu.com/3900224180/34691648
In 2014, my income was only 8%, which was a year worth pondering and regretting.Among them, Eternal Asia earned the most, and Shuanglu Pharmaceutical lost the most.The biggest lessons learned this year are:
1. Stocks are too concentrated, and too much trust in the information of investment interactive platforms.

This year's stock holdings are mainly concentrated in Shuanglu Pharmaceutical. Because they are blindly optimistic about Shuanglu's future, they ignore the slowdown in the growth rate of the entire pharmaceutical industry, and believe too much in the one-sided words of executives. However, the reality is that the progress of Shuanglu's new drugs has been repeatedly delayed. , resulting in poor handover of new and old varieties, slowing down performance growth.

2. Bias against large-cap stocks.

Investing in the stock market for 8 years, experienced a big bull market and a big bear market, but the assets have been growing steadily. The experience of the past few years has made me develop a prejudice against large-cap stocks. I always think that it is difficult for large-cap stocks with too large a market to rise. Years later, I gradually lost interest in large-cap stocks, so I gave up interest in Tangshan Port and Shenzhen Expressway, which have stable performance growth, extremely low valuations, and stocks that have increased several times this year.There are also bank stocks. For the past eight years, I have been holding bank stocks, but I have not held bank stocks this year. The reason is that I think that after the launch of Yu'e Bao, the pressure on the banking industry will increase. In addition, In the recession of real estate, I gave up bank stocks, but I didn't see that the price-performance ratio of bank stocks was much higher than that of other industries. I missed this wave of opportunities to promote bank stocks in terms of funds, and it turns out that I was wrong.

This year's investment income is not good, but there must be gains for every loss. I have gained experience and lessons, and I have also summarized a few points. I hope the experts can advise:

1. If the valuation is low and the growth rate of performance continues to be stable at more than 20%, no matter what industry, no matter how big the plate is, it is worth owning.

2. Don’t easily buy stocks with low certainty, and don’t believe in the rhetoric of executives. You must analyze it yourself. Shuanglu is a lesson. If new drugs continue to fail to keep up, the stock price may remain depressed.At that time, if stock investors ask Mr. Liang, she may dismiss you with one sentence. The approval speed of new drugs is so slow, and we have nothing to do.

3. Try to invest in several industries, do not know how to study, and avoid too concentrated investment in stock industries.

In 2015, I plan to hold eight stocks of Shuanglu, Jinyu Group, Guangdong Guangzhou Stock, Robam Electric, Conba, Qifeng New Materials, Haid Group, and Changan Automobile, and choose stocks with low valuations and stable growth.

I wish you all, and I wish you a good income in 2015.

(End of this chapter)