readx;?readx; There are only a few possibilities for making money in the securities market.

The first opportunity to make money is to make money from the central bank's monetary policy, for example, the central bank has released more water and printed more money, and all kinds of prices have skyrocketed, including the stock market, but this is a false prosperity. Pen @ fun @ pavilion wWw. ｂｉｑUｇE。 ｉｎｆｏ

The second opportunity to make money is to make money from other investors and take advantage of the mistakes of other investors to make the difference, for example, other investors are willing to take over the bubble at a high price, or some investors cut the meat at a loss when the stock is very low.

The third opportunity to make money is to make money from listed companies, that is, company growth, profitability and dividends, which is sustainable.

The so-called value investment is both to study how to make the company's money. Of course, there are also countless disagreements within value investing. Some value investors only consider the company's current book wealth, some value investors consider future cash flow, and even some value investors are overly optimistic about the growth of a certain industry and a company.

Because, after a deeper understanding of the capital market, Wang Qinian feels more and more that it is the corporate entity that really creates value. And in the secondary market, it is very difficult to buy a very good and promising company at a low price. After all, if the company is really promising, then it must not just be you know, in fact, what you can see is the common sense that countless people know, so many people who are also optimistic about the company continue to buy, and after a large amount of money buys, it will inevitably cause the stock price to not be so cheap. The main reason why these good companies cause investors to lose money, or cause investors to have mediocre future returns, is that the stock prices of good companies are too expensive. Historically, the vast majority of good company stocks with very expensive stock prices have given investors even less return than buying shares of an ordinary company with decent performance at a normal price.

Some investors do not choose stocks that are highly speculated, but choose to pick up bargains. But here comes the problem again, although it is possible to pick up the underrated ones by picking them up. But it is also possible to step on landmines without a deep knowledge and understanding of the target of your investment. Then it is easy to fall into the trap, and some companies that are not favored do have the possibility of bankruptcy or other bad things.

Therefore, Wang Qinian looked at the establishment of the domestic gem market. Resisted the urge to speculate. Don't speculate in China, if the scale of speculation reaches a certain level, you may violate the bottom line, and it is possible to be arrested and imprisoned. Since it is impossible to speculate happily, Wang Qinian's "investment" in the GEM is also to the point. Let the partner company invest hundreds of millions of funds evenly distributed among the 28 GEM stocks, and in the future, unless it will increase its holdings in a particularly cheap period, he will not have further action.

After Wang Qinian increased his holdings of 28 GEM stocks, he quickly appeared in the financial news: "Wang Qinian, who is known as the director of the stock god and the director of the stock god, is highly optimistic about the newly established GEM of China's A-share market. Spent more than 300 million yuan to buy the first batch of 28 stocks on the GEM. It is reported that Wang Qinian's small partner group. Many years ago, it has made a strategic investment in the original shares of Huayi Brothers, and after listing, the 40 million original shares held by it are all restricted shares. And Wang Qinian increased his holdings by 1 million shares with the help of the platform of the professional investment institution of the small partner group, the small partner value investment co., ......"

After the news came out, Huayi's boss Wang Zhongjun called and asked: "Brother Nian, if you are interested in Huayi, it is not impossible for the major shareholders to give it to you......"

"Brother Jun, you misunderstood me!" Wang Qinian explained with a smile on the phone, "This fund is used as a long-term financial investment, which is equivalent to financial management, and I have a controlling stake in Huayi." Not interested. What's so good about taking over Huayi, I still have to send someone to take care of it, how can the people sent have Brother Jun, your old team knows so much about this business? The stock price after listing is too expensive, so I buy it all. It costs nearly 10 billion, and I was stupid to buy it! ”

"What do you mean?" Wang Zhongjun said puzzled.

"I am relatively optimistic about the first batch of 28 shares on the GEM, and the national policy encourages the issuance of new shares on the GEM. To continue to issue new shares, the first batch of 28 stocks must be a role model, so that people can see the wealth effect, so that the GEM can open up the situation in the early stage. The future is uncertain. However, in the early stage of the GEM, there will definitely be policy support! Although the stocks listed later may also be speculated, it is also possible to further increase the market value in the future if they are listed first! Huayi, as the first film and television company to be listed on the domestic A-share market, also has scarce resources. People will be optimistic about the development of the film and television industry and project it to invest in film and television concept stocks. I optimistically estimate that in five or six years, the domestic film market will be like a bamboo, and the box office of 10 billion, 20 billion, and 30 billion will break through one after another, and the ceiling has not yet been seen for the time being! Rapid growth will inevitably make the listed companies in this industry feel like an aphrodisiac, and with my crazy level of emerging-market investors, it is possible to ...... Huayi's future market value will be more than the box office of the Chinese film market in a year! ”

"What? Investors can be so crazy? Wang Zhongjun looked a little unconvinced.

"It's just my personal exaggerated prediction, I hope it doesn't happen!" Wang Qinian sighed.

The stock surge is not a good thing for long-term investors, it is just a stimulant for gamblers. Countless gamblers kept buying and selling, and in the end, they coerced countless leeks with heart-like markets to pay for the bubble.

According to Wang Qinian's view, the long-term downturn in the stock market should be a good thing for long-term investors.

The risks are all up. is not active, there is no so-called bull market, then, all assets are valued cheaply, then, investors will not lose money in the long run, and even make a big profit.

All losses are "malicious long" in the bull market, which leads to asset bubbles, and in the end, creates a crash and a bear market. However, the interest groups in the securities markets of various countries basically encourage people to speculate and create a bull market, and after the bull market collapses, what to "short" will be blackened.

Really short sellers made crashes and bear markets? Big mistake, everything is crazy speculation, the valuation of all assets overdrafted, all assets are not cheap, and naturally there is a stock market crash.

Many domestic crises are also similar, for example, steel, coal, glass, shipbuilding, electrolytic aluminum and a bunch of other industries, why there will be a crisis in the future, in essence, it is nothing more than because the market is good, everyone is blindly optimistic, constantly launching new production capacity, as long as there is capital, as long as you can borrow money, you will continue to invest and reinvest, everyone is crazy to invest, even if there is a surplus and continue to invest to make overcapacity worse. In the end, nature laid the groundwork for the later overcapacity crisis, the loss and loss of the whole industry for many years, layoffs and layoffs, and bankruptcy and bankruptcy.

To put it simply, you must be conservative in everything you do, and leave some room to spare. Everyone is overly optimistic about this industry, and there are crazy people who come in to invest, and there will definitely be times when the whole industry will suffer losses in the future! (To be continued.) )