"Today is the 851st day that Muzi Duba will accompany you"
People who succeed in investing have their own reasons and systems, but one thing is generally the same: stay humble, keep reading, and keep learning.
The stock market is the testing ground of life. It can make us cautious, rational, humble and mature. If I have any investment advice, it is that it is impossible to make money in this place by luck, and the occasional money you make is just luck.
If you want to change your life in the stock market, you must have sufficient knowledge. It is impossible to make quick money in this place, so the expectations of investment returns are minimized, low returns are regarded as the norm, and occasional high returns are regarded as the icing on the cake. When making any investment, the first thing you should think about is risk, and make sure that you can still accept the worst outcome when it occurs.
Then you have to persist. If you don’t have time to study, fixed investment index funds are a good choice. First ensure that you can make stable profits, and then gradually increase the rate of return. If the principal is tens of thousands or hundreds of thousands, you can use the stock market as a financial management tool.
There are many powerful people in this market, and there are many ways to make money. The investment system that is suitable for others may not be suitable for you. Everyone's investment system must have evolved slowly in actual practice. The key is that it will ultimately allow you to make stable money and be comfortable holding shares. There is no need to deliberately imitate others.
The premise of investment is not profit, but your investment attitude. I would like to share with you three important attitudes towards life:
① Respect
Most of us are ordinary people, not gifted, so never imagine that you can beat the big guys in the stock market. most people. Investing requires both awe and humility at all times.
② Confidence
Muzi’s article 7 Indicators to Improve Sustained Profitability , select high-quality stocks, boldly buy them at a good price with a margin of safety, hold them for a long time, sell them at overvaluation, and are not affected by Mr. Market’s emotions. This is confidence. Because you choose a company that you can understand, you will be happy when the stock goes up, and even happier when the stock goes down, because you can increase your position and increase the number of shares you hold.
③ Honesty
Some people will definitely ask, what is the relationship between honesty and investment? The honesty mentioned here means being honest with yourself. The hardest thing is to be honest with yourself and admit your shortcomings. Humans are creatures that hate to admit defeat. When someone disagrees with us, we can't help but deny the other person.
Sometimes we don’t actually think about the other person’s suggestions seriously, we just deny them blindly and are unwilling to listen to other people’s opinions. We are more willing to strengthen and accept things and opinions that are beneficial to ourselves. The essence is to hope to be recognized by others.
When someone confronts themselves, when faced with mistakes, many people will choose to escape and resist, which is very detrimental to investment. For example, many people will blame their investment losses on poor market environment, unsupportive macro policies, poor management skills, etc.; those who make profits will think that they have inside information, over-confidence in their investment methods, and their own investment level. Higher than others and so on.
It is important to look for the reasons from yourself. It is important to be honest with yourself. Being honest is a good quality. By admitting your shortcomings, you can make progress more accurately and quickly.
"Contrarian Investment" - Lauren C. Templeton
The final words
The stock market can make a person worse and worse, and it can also make a person better. knows how to fear , keep in mind the cruelty of the market, and constantly improve himself; knows how to be grateful to , and I will remember everyone who has helped me and made me grow.
The road to investment is full of thorns, which we need to face seriously. I will cherish it more, keep working hard, keep learning, and stay humble.Seeing the strengths of others, accepting the shortcomings of others, and facing our own mistakes, whether we invest or not, this is the attitude we should have in life.
