Recently, the stock market has been very stretched, and people’s temper has been worn away.
Especially the white horse stocks, which existed like gods before 2019, and the bull stocks that have fallen in recent years are gone. Look at Ping An, Hengrui Medicine, Gree Electric, Sany Heavy Industry, Vanke A, etc., they really fell. numb.
I was recently asked, what is the earnings target for this year? What’s your current state of mind?
My expectations may be lower than many people.
1. Profit target
Readers and friends who often read my articles know that I added a lot of positions from April to May this year. Recently, the stock market adjusted, and I made up a little more.
That is to say, my rhythm this year is to increase and build positions, so the income target will not be very high.
In the past few years, I added positions in 2019, and made up a little in 2020. In 2021, the positions were changed, but I did not increase positions as a whole. This year, I entered the rhythm of adding positions.
In general, I don’t have very high requirements for income in the year of adding a position, because adding a position means searching for the bottom, which means waiting, and it is difficult to accurately judge when it will be pulled up.
However, I am still very optimistic about the 2-3 years after the increase, because the short-term volatility of the stock market and the long-term trend correction, so if it falls too far, it will inevitably rise, and if it rises too much, it will inevitably fall.
My income target this year is lower than last year, 10%-20% is enough, as long as I can maintain continuous profits, earn more in good years and lose less in bad years, the effect of compound interest is still very obvious.
2. Mentality of holding shares
Many people say that my mentality is better, and I am not chaotic in the face of big ups and downs.
Actually it’s not quite so.
In April of this year, I was also very anxious when the market fell below 3,000 points, because most of the assets were in the stock market, and my account was losing money every day, and I continued to increase my positions when it fell. At that time, the pressure was still quite high.
If someone says that investing in stocks is stress-free and makes money easily, then he is definitely a simulated market.
As long as there is a certain amount of funds in the account, the pressure will be great in the face of falling, because the daily losses are real money, some even all the belongings.
Fund managers, including fund managers, are also top pressure and high pressure when they are falling. They are constantly reviewing and researching, adjusting positions and changing stocks, hoping to reduce losses when the market is not good, and hope to ambush early when the market is good.
I know many fund managers who have a lot of gray hair before they are 40 years old. They use too much brain power. That’s it. When performance is not good, managers are often more anxious than retail investors.
I have also seen some investors with a particularly good mentality, but without exception, their funds in the stock market are a very small part. Even if these funds lose 50% or more, it will not have much impact on their lives. .
Therefore, people often see a lot of big V’s real accounts with millions or tens of millions, and their mentality is as stable as Mount Tai. In fact, these funds are only a small part of their assets for them, and they are relatively light.
I think the mentality is actually the same for everyone. They are all greedy and fearful. It’s just that some people are a little better and can hold on to some important decisions.
But most people are in line with the market. They want to buy when they go up, sell when they go down, be happy when they make money, and go down when they lose money.
Me too, my mood is also affected by the ups and downs of the stock market, but if I stay in the stock market a little longer, even if I have emotions, I can still execute the strategy according to the original plan, instead of following the market’s feverish mind.
Just like this adjustment, my expectation is that the market will adjust to the 60-day moving average, around 3,200 points. When the market really adjusts here and starts to grind the bottom repeatedly, I am also helpless and my mood will be relatively low.
It’s just that I’m different from a lot of people. Adjusting below 3,200 points, I’m buying, and many people are selling.
Therefore, investing in stocks is not all about analysis, research, review, and reading financial reports. Mindset is the cornerstone of investment .
I love a Graham quote: You can’t make money if you always do what’s obvious or what everyone is doing. For rational investors, mental attitude is more important than skill .
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