In the future, the investment of A shares is to deeply lay out the high -tech industry, but the harvesting of retail investors is even worse. Ding Yanhao-Trusted financial quotient
I. A shares are relatively fair as a whole, but investing in A shares must have a cognitive determination.The factors are listed as the top priority
In the distant more than ten years ago, when I first started playing stocks, I first bought dozens of technical analysis books.Investigate the principles and operating logic of each indicator unusually clearly
Every day, busy with various strategies and routines, admire the god of stock gods, and continue to seek a routine that can make stability.I was happy for a time, but after a period of time, not only did I not make much money, but the whole person was not right.Awareness, " hard -working, making money is not hard
In fact, the discount of the A -share delisting system makes it form a mixed fish dragon and inferior coin expelction.The trend of good coins, the chase and killing of retail groups, eventually made it look gambling, covering the attributes of value investment
but behind the A sharesIt is the continuous high -speed growth of the Chinese economy and the industrys methodical upgrade and transformation. In this context, many companies have realized the transformation from entrepreneurship to industry leaders, and natural market value and stock prices have risen.2G9UPET8 "> Just in the context of A shares, the evolution of market value and stock price has become more tortuous and turbulent. In the end, too many people who care about gains and losses can not see the general trend, and they miss the opportunity to make money.
Too many facts cannot be pre -judged in advance. Since it is impossible to predict, give up pre -judgment.No matter how no other law
Based on historical data, it can be concluded that A shares are relatively fair , but in the context of the rotation and funds swarming,It seems no logic for a period of time, but if the time is stretched, the stock price of A shares is generally surrounded by internal value fluctuations
Based on the determination of cognition, the time factor is listed as the top priority , but the period of time is extended, and the probability of uncertainty naturally increases the risk of investment. Natural luck has become another otherFactors2. The current realistic characteristics of A shares determine that investment should pay more attention to the inherent value and valuation of the target, forcing the attributes of the return value investment
The effective interpretation of the A -share market is that time is the basic logic of shining in the demon mirror.= "2G9UPETE"> But human instinct is the gambling that pursues a lot of money immediately. Seeing other stock prices will naturally pursue the motivation.Risks, and want to make a big money immediately, and finally fall yourself into the ditch
The characteristics of gambling can make a lot of money in the short term, but the time is lengthened, there is money to earn moneyIf you have a loss, you must find nothing in the end. The gambling god in the movie is more based on the old man, and in addition to the cognition and determination, the investment is more likely.There are two key points of US stock legends, that is,
1. The positioning of the stock market between China and the United States is different, and the natural stock market has a very different market characteristics.
2. China has not yet formed large -scale enterprises in the world with a large scale. It is more jumping in the country, and it is difficult to break through in the market value. It is easy to encounter development bottlenecks.The stock price naturally does not rise.
Under the severe deterrent of the regulatory agency, through public opinion hype, the agency has concentrated on pushing the stock price of a certain section to achieve the routine of wealth harvesting.The national teams reverse transactions, public opinion induction and window guidance have strangled
The key to the Sino -US game is currently in the central and American games.The international capital retains the opportunity to harvest Chinese social wealth
In addition, after learning the lessons of the development of the US stock market, China has characterized the stock market as the basic attribute to assist the development of the entity, strictly controlling A A into A.The incremental currency of the stock, through a large -scale IPO of the registered IPO, draws the limited currency of the market, so that the currency volume of the A -share market is limited, and the natural stock price is semi -dead.This behavior also makes the market more rational, and more pay attention to the inherent value and valuation of the target, forcing the attributes of the return value investment
Third, the industry cycle and development space have become the key to evaluating the value of A -share investment. At present, the increase in Chinas economic development is mainly from high -tech. The key to A -share investment is to deploy high -tech industries
In this context, the industry cycle and development space have become the key to evaluating the value of A -share investment. The industry cycle is based on the economic environment.
At present, the increase in Chinas economic development mainly comes from high -tech, and it is also in the early stages of industry cycle development.The key factor is the leading of the National Games
This means that the key to currently invest in A -share investment is to deploy the high -tech industry
But in the era of hardcore technology, the high -tech industry is extremely subdivided, and the industry space is limited, the technical changes are high, and the characteristics of the face -to -face competition in Europe, the United States, Japan and South Korea determine the investment risk.
and Chinas biggest advantage over other countries is that the industrial system is complete and the controllable market size is the worlds largest, which allows Chinas high -tech industry to have absolute iterative space and cost control advantages.High -tech industry risk bottom
In the context of the United States leading global industrial reconstruction and comprehensive technological blockade of China, especially ZTE incidents made Chinese companies deeply realize that except for exceptIn addition to considering efficiency, we must take care of the security of the industrial chain. Reality forces Chinese companies to use Chinese technology. It has virtually moved the market space for Chinas high -tech industry.In fact, the process of upgrading Chinas high -tech industry far exceeds the expectations of the outside world, and now it has gradually got rid of the embarrassment of the United States neck of Chinas high -tech industry, which means that Chinas high -tech industry is entering the rapid development period of rapid development.This is the key to the future layout of A shares
Four, hardcore technology pays attention to specialized specialty, can choose good stocks except for research capabilities, in addition to research capabilities, Luck is also extremely critical. In the future, A -shares will harvest non -professional retail investors, and it is difficult to make money
In addition to the inherent value, it is also necessary to evaluate the size of the industry space. The biggest difference between hardcore technology and traffic -based Internet industry is that the industry space is extremely limited and it is difficult to win.
So the market value of such enterprises is destined to be limited, and it is difficult to rise after the growth of natural stock prices to a certain degree.= "2G9UPEU2"> The traditional assembly manufacturing industry dominated the Chinese economy. This type of enterprise pays attention to brand and scale, but In the new era of special specialty, the survival of enterprises is more based on technological leadership and cost controllable costs., Especially the technical leading suppression
This means that hard core technology pays attention to specialized new , that is, a company wants to wantContinuously generate excess added value. Just make a link or product to the extreme, becoming a super leader in the worlds segments, and it is unable to lay out wide
and this requires extremely professional professionalism.In -depth research and tracking has formed a new challenge to the stock market investmentStrictly speaking, The stock market is a zero -sum game that is divided by wealth to a certain extent.Continuity in the stock market not only requires years of professional learning and practice accumulation, but also to control human nature. This requires a little talent.
In addition, in an extremely segmentationIn the new field of specialized specialty, there are many targets. In addition to good stocks, in addition to research capabilities, luck is also extremely critical.
Even if the selected target is super high -quality, the market value is not not available in the market value.In the context of large and limited circulation tray, the stock price is very vulnerable to the ups and downs of a small amount of funds, which has caused many investment logic to fail, which is extremely tested. It is difficult for ordinary people to carry it. In the end In this context, it has nothing to do with too many people by investing in stock market investment, but the stock market is a place for wealth zero and game and cognitive harvesting.The influx, the high recognition group has become a masters duel, the holding of the shares is not moving, the market has no transaction volume, and the natural value cannot be fair. In the future, A-shares will harvest non-professional retail investors, and it is difficult to make money, that is so cruel
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Author profile:
Dr. Ding Yanhaos PhD in real estate economics, Dr. Applied Economics (Investment), focusing on the capital market,Focus on research and investment in the fields of equity investment, capital operation, community futures, options, and macroeconomics, and pay attention to international relations, history, philosophy and religion