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

Chapter 5 Although I have made money, I still have a lot of regrets

Liberated mogwai, individual investor, published: 2014-12-17, download Xueqiu APP: http://xueqiu.com/r/2YviQn; original text link:
http://xueqiu.com/1674117751/34177663
After a while, Xueqiu's 2014 investment summary will come one after another.But for me, the investment activities in 2014 are basically over, and this point is the time to summarize.Money can never be earned, and it can never be lost. It is more important and more interesting to let go of investment and welcome the arrival of a new life.

I re-entered the market around 2000. At the end of last year, I withdrew from real estate investment and switched to stock investment. This was written on Xueqiu at the beginning of the year.At present, the trend judgment is still correct.

However, there are still some problems in the specific operation:
1. There is no heavy hand when it should be heavy

In the first half of the year, the stock market adjusted and many stocks hit new lows, but I did not buy heavily.For example, Nanjing Hi-Tech fell below its net assets to more than 9 yuan per share.A certain capital tycoon in Jiangsu has been buying, regardless of ups and downs.It is estimated to be from 14 yuan to more than 9 yuan, and I have been buying it.I hesitated and did not buy.

It wasn't until the parent company issued a notification letter on October 10 that I realized why the boss had been buying. It wasn't the large amount of financial assets he held, but the reform of state-owned enterprises.

In the age of capital, information is always asymmetric.If individual investors want to beat the market, they can only rely on being cheap.If it is cheap, people will come to buy it, and then there will be capital operation. This is the last word.

2. Still not achieving unity of knowledge and action
What I wrote in Xueqiu reminded myself not to forget, but I still forgot a lot of obvious investment opportunities.

I once wrote that A-shares must pay attention to broken net stocks. Even if it is a bad company, you can get out of it by buying bad nets.For example, the stocks that soared in the second half of this year are all asset-heavy cyclical industries such as banking, steel, and infrastructure.

I once wrote that A shares must pay attention to companies that repurchase stocks, and companies that repurchase stocks must not be missed.I paid attention to Financial Street and was raised by Anbang Insurance, but I still didn't get it, and missed the opportunity to double within a few months.

I once wrote that you can’t miss the industry leader who fell to the net assets. I missed SAIC again when the net assets were close. It was a serious mistake that could not be tolerated.

3. The understanding of the enterprise is not deep enough
I don't have a deep understanding of some companies, so I can't hold the stocks of the companies I invest in, and I want to run away as soon as I make money.For example, FAW Xiali, I wrote about FAW Xiali’s investment ideas on Xueqiu. At that time, I went there with the speculative idea of ​​reorganizing FAW Group. Although the purchase was not smooth, the buying point was basically 3-4 yuan. Later, I felt Junpai's sales were not good, so it was decided to sell.The selling price is not bad, 6 yuan.After that, the company had several months of adjustments, but now it has hit a new high, and the stock price climbed to 7.6 yuan.With the listing of BAIC, FAW is left among the five major groups, and integrating the vehicle business is an imperative and urgent choice for FAW Group.To see the situation clearly, we must hold on to the stock.

Jilin Aodong also earned 30%, and ran away after successfully making a band.As a result, the stock price has doubled now, which is the result of not seeing the explosive trend of brokerage firms.

Stocks only explode 20% of the time. If you are not there for 20% of the time, you will miss 80% of the waiting.

A lot of things were done right this year.

Buying FAW Xiali, Everbright Bank, Luolai Home Textiles, Wuliangye, Nanshan Aluminum, Ping An, Nanjing Hi-Tech, Weichai Power at low prices...all make money.So far, all the A-share investment targets bought have made money.

The money in this market is endless, and it is also endless.I haven't filled my position so far, and I keep a 28% cash ratio, let alone leverage.

The current idea is to keep the current position, and ignore many speculative opportunities.The child is about to be born, so we can't make all the money, we need to leave some wealth for future generations to earn slowly.It doesn't matter if the speed is slower than others, as long as I am still alive in this market 10 years later.

At 2000 points, I would dare to sell a house and buy stocks, but now at 3000 points, I would definitely not dare.Seeing the slogans of brokerages selling houses and buying stocks, I can only say "hehe".

In 2015, I am full of expectations.

(End of this chapter)