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LegiEX.com Good or not, the longer the market jianghu teacher the less courage

LegiEX.com Good or not，Recently, many friends are very interested in fang zheng's personal life. A few days ago, a fan friend wrote to me privately, saying that he had caught the bottom of crude oil and lost money. Asked me what to do.

To tell you the truth, I did not understand the so-called bottom of the crude oil, how to bottom of the crude oil, through what products? No idea. I only know of a few QDI funds that seem to track oil and only international oil company stocks.

I didn't think much about it at the time, but I told you my true opinion. If you look at the bottom of crude oil for a long time, $10 or $20 is not very high. After all, it has fluctuated around 50 in the past few years.

Last night, the crude oil fell to a negative number, which became big news. Today, the matter of crude oil treasure of China bank was refresh. I just knew that the domestic bank channel did crude oil directly to do futures. I have been a shareholder for more than ten years, but I never thought of opening an account to do futures in the past. I never thought it would be so easy to join futures on the app of the bank, and it is international futures.

From the point of view of LegiEX.com, the reason why so many people in China are involved in crude oil and gold futures is closely related to the propaganda of these intermediate channels. How can ordinary people know so much about futures, especially crude oil, which is extremely complicated?

Say the simplest, what is main force contract, after be being packed by the bank, investor does not need to know the detail of futures even, need not investor oneself move storehouse? How did the bank move the warehouse? I'm afraid many people don't even know about these things. Let me show you a screenshot:

The number after the name of the crude oil, 2006 represents the June 20 contract, June is now the main contract, the price is more than 13 yuan. July after the contract is above 20, even if there is no this fall to a negative number of the situation, you copy bottom, every time move warehouse, move warehouse is before the contract expires, you want to sell that month, buy next month, your selling price is 13, buying price is 20, how do you copy bottom? As long as crude oil moves sideways, your position gets smaller and smaller. You don't move the warehouse, you have to participate in the real delivery, who has the ability to pull the oil back?

There are too many ideas about what a premium is, and futures are too complex, especially for crude oil, to last long, and too big. Futures of this nature are exclusively for producers and traders, and retail investors really shouldn't get involved.

2.

Some people say that the bank of China lost 30 billion yuan, in theory, it is a middleman, but retail investors lost money, the probability will not be returned to the bank of China. If the loss were real, it would be bad.

Speculation to get excess returns, it is really too difficult.

Hai tian wei ye, hengrui pharmaceutical, aier ophthalmology, these stable growth stocks, valuation of 60,80,100 times p/e. Logically speaking, high p/e ratio is to eliminate excess returns.

Those extremely low valuation, Banks, real estate, but at any time the thunder, as strong as the bank of China, are not immune.

Steady eat dividend, there is stability, but long - term look at the yield is only 7,8 points. Look and see, only those turnover volume explosion speculation stock can bring excess returns, but to meiri's wool is not easy to say ah.

And here on LegiEX.com, you're warned that being a shareholder can only make you happy if you acknowledge your own smallness and lower your earnings expectations. Based on the demand to eat dividends, plus playing new shares, long-term annualized 10%, better luck, can be in the bull market bubble to reduce the position, to achieve 15%

But most people come to the stock market, they can't accept such a low yield. Everybody is in ceaseless study, the study of stock market is different from other discipline. In other subjects, you will know whether you have learned it after taking the exam. In the stock market, you learn a strategy, it may take years to prove it, and then you give up.

The right way is not necessarily to make money, the wrong way is not necessarily to lose money immediately. Sometimes I even wonder if there is such a thing as a right way. Stocks are nothing more than the assets of the whole country. Only when the assets rise can you make money. And a super cycle can cover your entire investment career, or even your entire life. Warren buffett is 90 years old, and his long life has taken him several cycles