I was born in 1992, graduated from college, and worked as a surveyor on the construction site when I first graduated. I started investing at the end of the bull market in 2015. I just bought half a month and experienced the limit of 1,000 shares. I was very desperate. At that time, I just graduated and only got three or four thousand yuan a month. I bought a few stocks and forgot what I bought. I lost tens of thousands of dollars. At that time, I was very desperate. I asked the driver on the construction site what to do (he is an old investor). He said that this amount of money is nothing. You will know later. Indeed, I lost dozens of dollars this year. Really sour.
But soon, I found out that investment is not about the K-line. There is a man named Buffett who is very powerful. He talks about value investing. From that time on, I began to know that there is such a thing. It seems that the crooked road has not gone much. Later, I came to Shenzhen in 2016 and started working. There was always some money in the stock, and I bought it randomly, but I was a long-term investor. I bought a stock called Dongjiang Environmental Protection, and I didn’t make any money. I heard that it is safe to buy bank stocks and fixed investment index. I bought the Agricultural Bank of China and the CSI 300. I took it for a long time. I was lucky that I didn’t lose any money. , I had some money in my hand. I saw that everyone said that they wanted to buy core assets, and the stock kept falling. At that time, I bought China Merchants Bank, CSI 300, and Seazen Holdings, and they all made money. The logic is that the big v said yes, I bought it. The holding is because Li Daxiao said to buy Sunac China, but I can’t open Hong Kong stocks, so I can only buy a domestic real estate company, because I have seen a lot, I began to know that there must be differentiation in doing business, so as to be competitive, I will buy it With Xincheng Holdings, he has Wuyue Plaza. The Shenzhen complex is indeed very popular. After buying it, it has doubled for a long time. I didn’t sell it. Later, I sold some because of an accident at home. , make some money.
Anyway, from 2019 to the present, I have made money from several investments, and the winning rate is as high as 90%. I don’t know why I made money. Anyway, I just don’t sell it.
The time has come to 2020, the epidemic has come, but I have no money, I think this is a good opportunity to start borrowing money to buy on the Internet platform, I know it is wrong, but I still think this is a chance to make a fortune, I bought some CSI 300 and China Merchants Bank, Seazen Holdings, and Zhonggai Internet, indeed, I made money by mistake. During this period, I was also reading some investment books, but I couldn’t remember them. Anyway, it’s value investing. If others are afraid of you, you will buy it.
In the second half of 2020, I started to see a few big Vs on Snowball talking about COSCO SHIPPING. Did I understand the ones I bought? Shit, I don’t understand either, I just bought it. The opportunity was still in the Moments. I saw some practitioners say that there is a shortage of containers and how congested the terminals are. At that time, COSCO only cost five or six yuan. Then I read a lot of research reports, and read a lot of articles written by big v. After reading it, I felt that I understood it, and I started to buy slowly. After I bought it, it went up immediately, and it went up a lot. The more I bought, the more I kept going. It was 1617 yuan, and then I ate a lot of lower limits. I really resisted it, and I have been learning. I think I understand it. I have found a lot of information to read, and sold other stocks. China also opened a financing account, because the first few times I borrowed money from the platform, I have tasted the sweetness, so I feel that I am very cow, and I am lucky. The stock has risen all the way to 30 yuan. At this time, I am not satisfied, and all the assets are already there. It was about 1.3 million. I started to look at houses in remote areas of Shenzhen. Alas, in the end, because of the guide price and other reasons, I thought that when COSCO reached 40, I would sell it and buy a house.
Next, as everyone knows, the stock has fallen all the way. Today, due to various reasons, I have removed leverage, sold a lot of COSCO, scattered my positions, and reflected a lot. At present, there are about 500,000 shares left, and 100,000 cash for the wife.
I did still make some money in the stock market, but it was all luck, and I made some money by relying on others’ fear of my greed. Over the years, I have almost always had a full position and bought it when I had money, and it has always been like this.
But this year’s huge drawdown has made me so miserable, and I’ve started to think, what the heck is investing, where am I going wrong, and whether I’ve been lying to myself. Yes, I have indeed been lying to myself. I haven’t even read a financial report. I bought some books and spent three days fishing and two days drying the Internet. It’s a blessing to be able to live in the capital market and make some money. All right.
Now, I know what I should do. I should learn the basics of reading financial reports, read some books on value investing, and understand how the world works. It has accumulated over time, but I really don’t know if I can do it well. I hope there will be a Just a little success. I also set some investment principles for myself.
1. Determine the nature of the stock before buying. It is slow growth, stable development, rapid growth, cycle, and predicament reversal. Each type of holding time is different, and the focus is also different.
2. Don’t lose money
3. No leverage
4. The same industry cannot exceed 30% (there are too many black swans in the industry in recent years)
5. A single stock cannot exceed 30% (after the position reaches 30%, even if the stock falls, you cannot continue to cover the position. Take yourself as a possible mistake. If it is right, you will make money as well, and if it is wrong, you can also reduce losses)
6. Don’t feel like you’re right in every decision
7. Understand the company and ask yourself if you have lied to yourself
Speaking of my current holdings, in fact, I still hold 20% of COSCO. I don’t know if I am right. I am optimistic about the future world economy, optimistic about China’s manufacturing industry, and optimistic about the survival of Chinese products. Let’s go back to COSCO. The company, the net cash exceeds the market value, because there is a long-term agreement, 25-30 billion next year (I will observe the performance of COSCO in the fourth quarter to see this), the normal profit in the future will be 10 billion, and the three-year dividend plan is also good, and I will lose money. admit.
I also followed the trend and bought other holdings, but I still couldn’t achieve the unity of knowledge and action. I bought some gaming stocks of my own ideas, some oil stocks that have been hyped by V, and some funds that have helped me make money before, oh yes. There is Tencent.
Alas, I’m just stupid, I’m not good at expressing myself, and I’m not good at thinking. I’m not sure if I can continue to make money in the future. I just have to read books and force myself to study. expression ability.
Let me talk about my mistake in buying COSCO SHIPPING Holdings, that is, buying it as a value stock and delusionally holding it for a long time. In fact, it is a cyclical stock, but whether it will become a weak cycle in the future, I don’t know, and I need to continue to observe it.
The above is purely a personal record of blowing water. For a long time, investment has been made by me alone, and everyone can think that I am a fool.
By the way, I still have a vision, I hope I can love investing, so that I can study hard, come on.
Thanks $COSCO SHIPPING Holdings (SH601919)$
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