For me, is it happy that the stock price has gone up or is it happy that it has fallen?
It's not pretending, I really don't feel anything.
Compared with the long-term value and compound interest ratio of the investment, the short-term ups and downs are just fluctuations, and they are all small money. If at my age, emotions still fluctuate with stock price fluctuations, then I won't play.
Some people say that for value investing, the more the stock price falls, the happier it is.
In fact, this matter cannot be simply said, and there is nothing to talk about whether you are happy or unhappy, it mainly depends on whether you value equity or market capitalization.
For example, I once said: Shenhua has risen to about 30 yuan, which is really better for me than not to rise.
Shenhua's stock price is 20 or 30, I won't throw it, then the market value of this account is a number, and Shenhua's dividends have nothing to do with the stock price, so the stock price fluctuation has nothing to do with me (when do you see when I care about whether Shenhua's stock price has reached a new high?).It doesn't make any real sense.) But the amount of dividends I pay is related to the stock price.
So is it okay for Shenhua to rise to 60 yuan next year?Of course it's good, I threw it out and cashed in the income of a few years of value investing, why is it not good?It's just that at the beginning, it was not judged that the stock price could reach 60 before buying.
If Shenhua's stock price falls to 10 yuan due to fundamental changes next year, is it okay?Of course, it is not good, which means that I made a mistake in my original investment judgment and the investment failed.