5 Years of Unemployment

After the National Day in 2017, I stopped working and entered the current state of unemployment through naked resignation. It has been 5 years.

At that time, the floating profit exceeded the salary for the rest of his life. As long as he did not lose money for the rest of his life, it would exceed the highest level that he could have achieved in terms of economy.

Looking at it now, not losing money is by no means an easy task.

At that time, I only had two stocks, Shanghai Pudong Development and Peace Bank. According to the previous resumption, the closing prices of the two were 10.59 and 10.2 before the National Day in 2017, and they are currently 7.04 and 11.84 respectively, with changes of -33.5% and +16% respectively.

Compared with the regular deposit in the bank, 100 yuan of Shanghai Pudong Development shares are now only 66.5 yuan, but after the 100 yuan is deposited in the bank for 5 years (the fixed interest rate at that time is about 4%), there is 120 yuan, which is far worse than the deposit in the past 5 years. Bank regularly. Even Ping Yin’s earnings have not outperformed banks on a regular basis. This result makes me sad.

Looking at it with a 5-year period, my investment in bank stocks in the past 5 years is a complete failure. Since I don’t have much time to spend the rest of my life, starting from mid-2021, I have gradually replaced 70% of my bank positions with other stocks. At present, I just jumped from one pit to another: if I change now, I can change more. some.

It is impossible to go back to the original job, and I don’t plan to look for other jobs at the moment. I have been with these stocks in my life, and there should be some dividends. As long as I am not hungry, I plan to lie down. That’s a far cry from the minimum investment goal of consistently making a profit before layoffs.

There are also some things that are gratifying in the past 5 years:

1) In the middle of 2021, some flat silver will be sold for up to 25 yuan, and a set of three bedrooms and two halls will be replaced. Now the same number of shares can only be exchanged for one bedroom and two halls with half the area.

2) Some of the flat silver positions were exchanged for tens of thousands of flat silver shares through the exchange with Xianle Health.

3) Insist on some arbitrage operations with good results.

4) Completely get rid of leverage and reduce losses.

5) Diversify positions and reduce the risk of all positions in a single industry.

These gratifying operations have preserved most of the fruits of victory and reduced the risk of investment.

learn from past experience.

Xueqiu and the big V who amazed him on Weibo have suffered some major blows in the past five years. The typical performance is that they no longer speak. The living conditions of these big Vs who rely on securities investment as their source of life can be imagined after huge losses, but they will not be listed one by one. Inspired by these big Vs, I quit my job to travel with them, but the result is that there have been fewer and fewer travelers in the past five years.

Some of the stock price drops surprised me:

Ali has fallen by 231 yuan from the previous year’s high of 309 yuan to 78 yuan, and has lost 4.9 trillion Hong Kong dollars in market value;

Tencent Holdings has dropped by 481 yuan from last year’s high of 747 yuan to 266 yuan now, and its market value has dropped by 4.6 trillion Hong Kong dollars;

Most Chinese property stocks are close to zero;

China concept stocks were almost wiped out;

…………

It is not easy to survive in such a market!

$ Shanghai Pudong Development Bank (SH600000)$ $ Ping An Bank (SZ000001)$ $ Alibaba-SW (09988)$

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