Learn the trend of investment and select a stock of the reason why the loss or you?

I have seen so many private-equity managers, shouting the selection of stocks, turnover rate is higher than retail. An individual investor, to select a stock, which means that his understanding of the enterprise at least to meet the company's general manager or chairman of the level, because he must understand the intrinsic value of the enterprise, retail investors have this ability, I can only say, estimated early rich! Trend investment and select stocks which is more reliable? In the A-share market, Some investors have always liked to flaunt themselves as "select stocks", meaning that it is said that the stock index of the ups and downs, good stocks in the hands of waiting for the time to open the Rose, this part of the exchange rate is very low, not brokers like to take, another faction, is the so-called trend of investment, this part of investors like the band operation, emphasizing large class , such as a period of heavy warehouse or empty warehouse, a period of heavy storage blue chips or gem stocks. Which of these two types of investment style is more suitable for retail investors? For the trend investors, the emphasis is on investment strategy, that is, a period of time is the heavy warehouse participation? What kind of heavy warehouse? For example, since 2015, the face of blue chip has soared in the A-share market, investors can continue to heavy warehouse participation? If so, In the end, the heavy stock market, or gem stocks? From now on, if you have a heavy warehouse in the gem stock, then you can only congratulate you: you are really good! If you have a heavy portfolio of insurance stocks, it may also be good. But if you have a stock brokerage, it may be a bad start. But what is the future of brokerage stocks? This will require investors to make a study of future trends. From now on, this year investors should be the most heavy warehouse is in fact the internet finance led gem stock, but at the beginning of the year, the mainstream voice on the market, is the bank, insurance, brokerage, coal-headed blue chip is still very cheap, and in the background of capital-driven, large blue chip capacity, These stocks are also the subject of margin lending, and 2015 will rise, at least 3,500 points, or even 5,000 points. and Gem stock overall valuation is too high, even CCTV's "news broadcast" are named criticized a number of gem stocks, so gem stock valuation after a longer period of the squeeze bubble process. At that moment, the point of view is of course meaningful and even persuasive. The trend of a-share market this year has once again proved that the market is always surprised to run! Or, the trend of the market, and the original mainstream view of the prediction, most of the contrary. You see, gem stocks since the beginning of a lot of fierce Ah! In particular, the Internet financial stocks, the rise of the fierce, see straight let people regret not to heavy warehouse. Why is there such a situation? The truth is not complicated, from the historical experience, the real trend of the market is difficult to predict, or the vast majority of investors simply can not predict the real trend in the future, because of liquidity, fundamentals, emotional surface, Expectations of the future and so on a factor affecting the stock market as long as one aspect of change, will be like a butterfly wings, affecting the entire a-share market situation. In practical terms, the marketAfter all, blue-chip represents the traditional cyclical industry, although the profit is still growing, but the growth rate relative to the quality of gem companies, has been far behind. After the return of these stocks to a certain level, they also face the constraints that the performance expectations are not enough to support the valuation level. In other words, the valuations of these stocks are likely to return to normal levels, even to a certain discount, rather than a valuation premium above the performance level. Bank stocks, for example, could reach 6 or 7 times times the valuation area, and the process of valuation regression would come to an end, awaiting proof of the follow-up results. The bank-led stock market will enter the shock period, which may not be short-term. Although the future market of blue chips also have the opportunity, but not like the previous systemic opportunities, structural opportunities may be more, such as the financial sector in the insurance stocks. Gem Stock The reason for this period of time to rise more severe, from the annual report can be glimpse, many gem stock performance growth rate of more than 40%, and the efficiency of private enterprises than the state-owned enterprise is much higher, the system is more smooth, the cost is lower, private enterprises to the owner of the enterprise from small to large, in addition to those and powerful collusion outside, The entrepreneurial spirit of most private enterprise bosses should also be praised, reflected in the valuation level, in addition to the rapid growth of the performance can be diluted high valuations, gem shares represent the entrepreneurial spirit, should also be converted to the stock valuation. Therefore, the market gives gem stock appropriate valuation premium, of course. From the future trend, the gem represents the development direction of emerging economies, at any time, investors may be unable to ignore the gem, but the gem stock valuation will be more differentiated: good better, bad worse. Unfortunately, the market in the short term is always full of irrational, this is a lot of times, gem stocks will rise, if you are sophisticated enough and flexible, enjoy the results of this irrational, is it a sin not? To select stocks, many celebrities in the stock market, such as private equity funds, Always used to take Guizhou Maotai, Vanke A, Yunnan white powder, Internet technology these past cattle stocks, to prove the selection of stocks, the need for long-term holding. But you have to be clear, in the A-share market over the past more than 20 years, how many investors can see the eye of Guizhou Maotai ah? In addition to Guizhou Maotai, Vanke a very few cattle stocks, and how many stocks to believe in value investment, long-term holding of investors losses! For institutional investors such as private equity, Long-term holding even in exchange for losses, at least the management fee income can make their own food and clothing worry, not to mention the loss is not their own money. If it is a retail investor, long-term investment losses will not only seriously affect their mood, but may even affect the "great cause" of the family. I can only say that if you are not a stock market master, select a stock, long-term hold this kind of thing, or less to believe as good! I have seen so many private equity managers, shouting the selection of stocks, turnover rate is higher than retail. An individual investor wants him to pick a stock, which means his knowledge of the business is at leastThe level of the general manager or chairman of the company, because he must understand the intrinsic value of the enterprise, the individual investors have this ability, I can only say, estimated early rich! Investing in trends requires investors to have a deep understanding of macroeconomics, monetary policy, market sentiment, industry boom, and so on, and to have enough foresight to see the future , do not say to see the next two or three years, even see the next year, or even six months of trend, may be in a a-share market to make a big fortune. Many times, public or private placement, in retrospect to their past record, will put their own past point of view to play some, so as to prove how rich forward-looking, in fact, they are often selective memory, judged on the show out of some, can so many wrong, but secretly snow hide! If you want to select a stock, on the one hand, require investors to do in-depth research and understanding of listed companies, on the other hand to endure market fluctuations, which is the fear of their own human nature and greed challenge. How hard it is! For ordinary investors like me, regardless of trend investment, or select a stock, unless you have the ability to do it, you can not believe too much. In many cases, we are investing in trends, and we are doing a select stock. And the result is that we're not investing in trends and not on selected stocks, so most retail investors are always losing money. It's just that trend investing and selected stocks are like the other side of the world where we are constantly moving towards that goal, and in the process we are constantly cultivating ourselves. The closer you are to the other shore, the closer your investment is to success.