I have invested some money in fund and stock purchases over the past few years and want to understand this holiday.
Either the stock or the stock market is reflected in the stock market. The essence of the stock market is to raise funds and return dividends. Whether a stock has value should be reflected by its dividend return, but the Chinese stock market is not. Looking at CNPC's profit last year, it can be said that it was the best in the world. How much did it score? When we buy stocks, we hope to get a return through the dividend. If there is no or few dividends at all, what is the value?
The rest is only the rise and fall of stock prices. without the support of dividends, what are the basis for these increases and downs? It's like a casino, where there are large and small bankers, betting, and building momentum, but there is no actual value source (bonus), and we cannot get profits from the huge profits of these companies, occasionally there may be sporadic handouts, but the money in the casino is circulating in different hands. Even more, non-tradable stocks become circulating, which means the banker collects water, a bit like snatching money.
Then, the question is: Can we win in a casino? Basically, it is impossible. Not all casinos are made by a banker. In this case, we can see that sometimes the game is right and we can get a small amount of money, basically, it cannot be expected.