A stock market crash is inevitable just like a winter blizzard that is bound to come. When the stock market crashed during Covid-19, the internet was filled with pessimistic predictions claiming it would be an eternal winter.
市场最有价值的时候，是没有人想买股票的时候，而不是你身边扫地的阿姨都能向你讲出某只股票会涨到多高价格的时候。一次次股市牛熊转换的历史告诉我们，当市场中每一个人都在避免购买这些资产的时候，往往是股票价格最低的时候。如果把眼光放得长远些，股市低迷恰恰是价值投资者选好股的机会。所以你要懂得在人声鼎沸时离场，在一片黑暗时进场，这才是真正的高抛低吸。 ...
最近读了 《Enough_ True Measures of Money, Business, and Life》 by John C. Bogle ，让我对市场的本质有了更深刻的理解。与其说是技术分析和频繁交易，不如说是对企业价值的长期坚守。我想把这些思考整理一下，方便日后回顾，也希望能给正在投资路上探索的朋友一些启发。 ...
两个月前做了一次操作 第一次有意识的投机操作 ， 在一个月前我还进行了一次狡辩 现在看来这是一次完全失败的投机。我收获了一些教训： 投机是一个负和游戏 因为交易成本的存在。 无论你分析得多么有道理，投机必定失败 在这个股票市场，比你聪明，比你判断力强的人多了去了，你是在与上亿股民做对手盘。这不是三人行必有我师的问题了，这是亿人同台，比你傻的多了去了，但是比你强的人也数以万计。如果你投机，你就只是别人的利润 ...
你並非無堅不摧。要是你承認運氣帶給你成功， 與失敗打交道的訣竅在於，採用一種即使做成爛投資、搞砸財務目標，也不致於擊潰你的方式來安排你的財務生活，這樣你就能撐下去，直到幸運女神上門。 ...
市场暴跌不是你应该避免的事情 市场暴跌是为了获取市场收益而必须付出的成本，你绝对不应该尝试逃避他。你也不可能逃避他，如果你想要作弊，那么你还会因此而受到严厉的惩罚。你会在低点失去很多的优质资产。 ...
The stock market is a powerful wealth-building tool and you should be investing in it. But realize the market and the value of your shares will sometimes drop dramatically. This is absolutely normal and to be expected. When it happens, ignore the drops and buy more shares. This will be much, much harder than you think. People all around you will panic. The news media will be screaming Sell, Sell, Sell! ...
Throughout my investment journey, I have come to trust the S&P 500 and consider it the core of my wealth storage. By understanding the US Constitution, the free society, and the powerful military behind it, I believe that the S&P 500 represents the strongest companies and the most stable economy in the world. Here’s why I made this decision and the thinking behind it: The US Constitution and Free Society are the Strongest Guarantees I firmly believe that the US Constitution and the free society structure are among the most valuable assets in the world. The rule of law and the powerful military, particularly the aircraft carrier, provide a unique guarantee for global investors. If the US Constitution protects investors’ rights and the economy relies on the free market, it will provide a solid foundation for my chosen assets. ...
市场只相当于一个中等智商的人 作为交易市场中的一分子，你不大可能在最高点卖出，也很难在最低点买入…… 为什么呢？理由很清楚也很简单： 人就会冲动，情绪化 最高点和最低点，都是因为一小部分交易者的“冲动”造成的…… ...
频次才是决定一切的根本因素 短期来看是投票机，长期来看是称重机 交易频次越高，交易越是接近零和游戏 频繁交易的结果就是交易手续费累积，累积到吞噬你的所有利润和本金。 越是短期的预测，越接近于抛硬币； 越是长期的预测，越容易接近真实的逻辑推断…… ...
入场资金枯竭 交易市场里有很多特别气人的定律，比如： 一旦你需要用钱的时候，市场就会大跌！ 看起来没有逻辑支持，所以你可以暂时不信，但你一定会体会到这个定律的魔力。 对所有新手来说，这个定律几乎永恒不变： 你一买，它就开始跌； 你一卖，它就开始涨…… 为什么会出现这种吊诡的情况呢？因为，每一次行情结束的根本原因是入场资金枯竭。换言之，当连街边卖茶叶蛋的大妈都在讨论股票的时候，那么股市的“入场资金”已经到了枯竭边缘……你想啊，连你这个八竿子打不着的人都知道了，要冲进来赚钱的时候，那交易市场的行情是不是到头了？ ...
BTC 突破 10 万美金，但是我完全不懂这里面的逻辑。 所以我也不想参与，不懂的东西不要做。 今天 0.68 卖出了手上的全部 750 个 POL ， 也没有原因，就是觉得反弹的足够高了。而我不看好 polygon 链的未来。 ...
风险是必须品 很多风险无法避免，我们应该做的事评估风险承担风险。某些风险即使回报再高也不值得一试。 风险评估 一、你的最終目標是什麼？如果實現，那會是何種光景？ 二、如何在沒有風險或風險極小的情況下實現目標？換句話說，有什麼元素能保證你順利達標？ 三、上述沒有風險的選項是否可行或可取？若非如此，你需要承擔多少風險才能得到想要的？ ...
任何形式的预测都只是投机 投资是一种概率性的活动，用很合理的方式做出的决定有时结果反而很糟糕。即使有时决策者制订了完善的计划，并顺利实施，还是会产生不利的结果。然而，从长远看，把重点放在遵循正确的流程，而非任何具体的中间结果，总归是明智的。 ...
DON’T UNDERESTIMATE THE COST OF OWNERSHIP This is a significant pitfall you might fall into when purchasing a car or a home.
October 10, 2024 我的首次投机尝试 当时我分析认为，政策制定者意图通过拉升大盘股来暂时稳住市场，并通过发布相关消息来增强市场信心。 目前工商银行的股价已经到了 6.14，但是我又不想买入了，因为我觉得工行不值这么多钱，还是准备进长江电力 主要的逻辑是现在息差太低，可能会影响分红。 而电力需求一直旺盛，并且随着电动车普及，长期更为看好。 ...
If you want the upside building wealth, you have to accept volatility and periodic declines that come with it. it’s the price of admission for long term investment success. If you’re not willing to react with equanimity to a market price decline of 50% two or three times a century you’re not fit to be a common shareholder and you deserve the mediocre result you’re going to get. 换句话说，市场在一个世纪才会出现两到三次完美买入机会，你绝对不应该错过它 ...
After you stop working your 9 to 5, your money can keep working for you. 停下你的朝九晚五工作后，你的钱可以继续为你工作。 Conclusion: The Just Keep Buying Rules Highlight(yellow) - Page 281 · Location 4366 Saving is for the Poor, Investing is for the Rich Find where you are in your financial journey before deciding where to focus your time and energy. If your expected savings are greater than your expected investment income, focus on savings; otherwise focus on investing. If they are similar, focus on both. (Ch. 1) ...
大多数股票市场大部分时间都在上涨 包含世界大战期间,与 COVID-19 期间 Most stock markets go up most of the time. 虽然感觉我们总是处于市场崩盘的风口浪尖，但事实是，重大崩盘非常罕见。这就是为什么 Average-In 在历史上的大部分时间里都表现不佳的原因。 ...
First, figure out how much you expect to comfortably save in the next year. Next, determine how much you expect your investments to grow in the next year. Finally, compare the two numbers. Which is higher, your expected savings or your expected investment growth? If your expected savings are higher, then you need to focus more on saving money and adding to your investments. However, if your expected investment growth is higher, then spend more time thinking about how to invest what you already have. If the numbers are close to each other, then you should spend time on both. ...
Introduction 介绍 Highlight(yellow) - Location 236 Many people who have a great deal of wealth do not even live in upscale neighborhoods. Highlight(yellow) - Location 250 Wealth is not the same as income. If you make a good income each year and spend it all, you are not getting wealthier. Highlight(yellow) - Location 259 Many people ask this question of themselves all the time. Often they are hard-working, well-educated, high-income people. Why, then, are so few affluent? ...