No one in this world has ever been able to succeed casually, and the same is true in the world of investing.
The bear market environment of the past two years has made such a strong impression.
Long-term investments and value investments are usually contrarian investments.
Contrarian investing seems very simple, buy when it falls a lot, and sell when it goes up.
But contrarian investing is the biggest difficultyLies inThere is really a continuous ** and panic is too bad.
This time it's different" makes people don't believe that ** can rise again, of course, there is no way to implement the "buy low" strategy.
Fear, torment, deepening fear, emotional collapse in the bear market, and finally raising your hands in surrender.
I believe that most people who practice contrarian investing will have this experience in the first place.
Recently, I talked to different investors and read or watched some of the "experts" on their macro-level strategies and outlooks.
"This time it's different" seems to have becomePart of the peopleconsensus,Investors who can't see the direction are taken by such forces"Coerced".Drifting with the tide has caused the market to continue
**It will strengthen the negative sentiment, and the strengthened negative sentiment will cause the market to go further**,ThusA negative closed loop is formed.
Looking horizontally, the side of the ridge becomes a peak!”We need a different perspective.
Don't be superstitious about the opinions of those so-called experts, because it is easy to find problems, find faults, and talk about difficulties, and the institutions that raise these experts have not made superior investment performance.
When the market is pessimistic to a certain extent, we should choose to trust common sense.
I'd rather believe itEach and every one of usbody constantlyeffortsMove forwardDefinitelywill continue to promote societyEconomydevelopment and progress.
I prefer to believe in usThe "problems" we face todayIt is nothing more than structural adjustment that must be faced when economic development reaches a certain stage, in other words, it is nothing more than a problem of the general cycle.
Since it is a big cycle, it means that there will be a trough, and there will inevitably be a high tide, but the adjustment of the economic structure cannot be accomplished overnight, and it requires sufficient time and sufficient patience.
None of us as a single ordinary investor has the power to change the market trend, but we can choose not to follow the crowd, not to cut the meat and sell at this time, but to be firmAnd patienceImplement the "buy low" strategy.
With enough time and patience, it's easier said than done.
In terms of actual operation, we must slow down the pace, leave leeway, and be prepared to fight a protracted war.
Don't expect a quick win, it can't be.
Let's talk about another investment common senseThat is, investment must be a risky thing, even ifusInvestedis a broad-based index
This risk is not only reflected in volatility, but also in the uncertainties that need to be faced in the investment process.
And higherThe reward is a compensation for the higher risk we take.
If you are not willing to take additional risks and pursue higher returns, it is also a good choice to buy pure bonds** or currencies**, or even make fixed deposits.
All the views and opinions involved in this article do not constitute investment advice, but are just a true record of my own thinking and practice.