Recently, the National Press and Publication Administration issued the Measures for the Administration of Online Games (Draft for Solicitation of Comments), which contains a series of restrictive measures, such as prohibiting the setting of top-up inducement rewards and requiring users to set top-up limits. Like a nuclear bomb, this policy document directly smashed into the entire game industry, causing a major impact on the media and entertainment sector of A-shares and the Chinese concept sector of Hong Kong stocks. Although this is only a draft for public comment, there are no detailed rules, and it is impossible to accurately assess how much the policy will affect the revenue and profits of game companies, but this approach has already dealt a huge blow to market confidence.
The sudden introduction of such a policy is like a hesitation in the market that has been hit hard. Originally, the market had just shown signs of stabilization, but it was "stuffed" by this policy, making the market that was already at the end of the bear market more vulnerable. Not only has the gaming industry been hit hard by this, but practitioners in other industries have also begun to worry, fearing that the next shot will fall on their heads. Affected by this, the stock prices of leading game companies such as Tencent and NetEase have risen sharply by 1235% and 246%。Among the Hong Kong stock indexes, the China Internet 50 Index has **631%, and other China and Hengchang indices fell 5%. In the A-share index, the SHS animation and game index is **1084%, and the anime game index is **1062%, CSI Media Index** 818%。The entire gaming sector has almost come to a halt. This impact even circulated a ** on Futu, revealing that some people bet on Tencent Bull Securities to directly liquidate, and the single-day loss reached 7 million yuan. It can be said that Tencent's stock price has experienced a rapid increase of more than 15% in intraday trading, and for derivatives such as ** and options, zeroing has almost become normal, even if you want to stop loss, it is too late. While Tencent's share price may eventually recover, there is no room for redemption for those who bet on Tencent.
The impact of this kind of policy on the entire market is too great. We can't change the policy itself, but there are lessons to be learned from it to better respond to black swan events that may arise at any time. Black swan events have always occurred in the market for a long time and will continue to occur in the future. First of all, we should try to avoid over-leveraged investments, derivatives have a lot of risk, and it is better for ordinary investors not to get involved in them. As long as we do this, we can guarantee that we will not go bankrupt, because the index will not go to zero. Secondly, we should diversify our assets, and we can consider asset allocation and global allocation, such as investing in bonds**, commodity ETFs and other large types of assets, as well as investing in ETFs in Europe, the United States and Japan for global allocation. Don't focus too much on a certain industry theme, and the weight of a single industry should be set at around 10%. Even for bullish industries, it can't exceed 30%. As long as we do these two things, even in a similar situation, our total asset loss will only be 0Around 5% to 1%.
The suddenness and inadmissibility of black swan events have troubled investors. However, we should not be left helpless, on the contrary, we can learn from past experiences and build an effective investment strategy to deal with possible black swan events in the future.
First of all, it is important to make it clear that black swan events are not allowed. Therefore, we must always be vigilant and cautious. Pay attention to the volatility of the market, adjust the ** and investment direction in time, and maintain good interaction with the market. You should not blindly pursue high risk and high returns, but should formulate a reasonable investment plan according to your own risk tolerance and investment goals.
Secondly, over-leveraged investments are very dangerous for the average investor. In black swan events, leveraged investors are often the first to bear the brunt. Therefore, we need to be cautious and avoid excessive leverage. In the investment process, reasonable control** and avoid excessive concentration in a certain industry or company, so that even if there is a black swan event, the risk can be minimized.
In addition, investors should also make a reasonable asset allocation according to their own risk appetite. A diversified portfolio can be effective in reducing overall volatility, as there is often a negative correlation between different asset classes. By diversifying your investments through a portfolio, you can reduce risk and improve the stability of returns. At the same time, for global investors, choosing a global allocation can also avoid the risks of a single market to a certain extent.
Finally, continuous learning and continuous optimization of one's investment skills are also important means to deal with black swan events. The market environment is constantly changing, and only by continuous learning and progress can we better cope with uncertainties and risks. You can improve your investment ability and decision-making level by reading relevant investment books, participating in investment training courses, and communicating with other investors.
By re-evaluating our investment strategies, we can better respond to black swan events, reduce investment risks, and protect our assets. Investing is a long-term process that requires rationality and calmness at all times. Only in the face of risks and uncertainties can we maintain our firm confidence in overcoming difficulties.
In the future investment process, we must always be vigilant, strictly control risks, and continue to observe and analyze the market situation. Black swan events can happen at any time, but we must not give up on investing because of this, but learn to seize opportunities.
First, we need to focus on the fundamentals of the economy and the industry. Only by understanding and mastering the relevant market information can we make reasonable investment decisions. Second, be rational and calm. Market volatility is inevitable, but we can't blindly follow the herd or panic because of it. It is necessary to have a clear understanding of your investment objectives and do a good job in risk control during the investment process.
Finally, we need to recognize that investing is a long-term process. Short-term fluctuations and events are only a part of the overall market, and long-term investment plans should not be abandoned because of temporary risks and setbacks. In a black swan event, we need to learn to look for opportunities, because as the market adjusts and recovers, there will always be some undervalued investment opportunities.
All in all, investing is a business with both risk and reward, and we can't afford to give up investment opportunities because of a black swan event. By re-evaluating our investment strategies, staying vigilant and seizing opportunities, we are well positioned to deliver long-term robust returns in the face of market volatility. It is hoped that every investor can face the challenges of the market with a positive attitude and achieve their financial goals.