股市里最重要的事。A股市場是一個非常豐富的市場。說它豐富,不僅是上市公司越來越多,各種行業(yè)都讓投資人了解個遍,更因為參與者眾多。個人投資者被稱作散戶,專業(yè)投資者被稱為機構。散戶不見得水平低,機構也不見得水平高。機構應該構建投資組合,分散風險。但是有些機構和散戶炒股一樣一個產(chǎn)品只配置一只股票且加杠桿,市場大幅波動時,產(chǎn)品凈值短時間大幅下挫,為投資人造成較大損失。這些機構其實不是在投資,也不是在炒股,而是在賭博。而拿著投資人的錢賭博,有違受托責任和職業(yè)道德。個人投資者也有很多加杠桿虧掉本金的例子,特別是2015年股災期間。一只股票加了一倍杠桿之后,如果股票質押折扣率比較高,股票一個跌停可能就把本金虧沒了。2015年的股災因為部分個股的估值太高,跌停通常都高達十多個,有些投資人因此損失慘重。只投資一只股票其實非??简炄说娘L險承受能力。美國的FAANG股票和微軟都是科技巨頭,股價持續(xù)上漲多年??墒瞧渲械奈④浐吞O果在2000年網(wǎng)絡泡沫破滅之后都跌去80-90%的股價。在網(wǎng)絡泡沫前買入微軟和蘋果并能承受住這個跌幅一直持有到現(xiàn)在的投資人應該寥寥無幾。這需要非常樂觀的精神和無比堅定的信仰。所以,投資股票最重要的就是管控風險。無論是個人投資者還是機構投資者,如果不能管控好風險,就很容易被淘汰出局。巴菲特說的投資第一條原則是保證本金安全,第二條請參見第一條是有深刻道理的。
A股和港股上漲,美股漲跌不一。周三A股和港股上漲,港股科技股領漲。市場從對網(wǎng)游股的打壓中恢復。因疫情在澳門擴散,博彩股全線大跌?;ㄆ祛A計今年的博彩股賭收將恢復到2019年40%的水平,持續(xù)推薦。7月份財新服務業(yè)采購經(jīng)理人指數(shù)較6月份大幅上揚。美國10年期國債收益率非常令人費解地再度下行,連美聯(lián)儲副主席都對此感到驚訝。經(jīng)濟數(shù)據(jù)喜憂參半,7月小非農(nóng)就業(yè)數(shù)據(jù)大幅低于預期,但7月供應管理協(xié)會服務業(yè)采購經(jīng)理人指數(shù)超市場預期。道指下跌近1個百分點,納指小幅上漲。投資人擔憂經(jīng)濟、刺激措施和企業(yè)盈利三方面都已經(jīng)到達頂點。美聯(lián)儲不具投票權官員認為縮減債券購買規(guī)模正當時,不會引起市場恐慌。
The most important thing in stock market. There are so many companies listed in A-share that investors can get a glimpse of every kind of sector. There are also investors from all walks. Some do not get trained professionally but still buy and sell stocks as a daily routine. The others, though lack professional background as well,improve themselves by learning the principles of investment on their own.These investors usually can make money in the stock market. Some investors do not have any risk control. A case in point is in 2015 stock market crash. It seems not unusual that some investors invested in one stock via leverage and lost their principals after the stock reached down limits. It is not so difficult to find out that under certain mortgage ratio an investor would lose all of his or her principal once the stock reaches down limits. Obviously these investors did not calculate this simple math. Or they calculated but invested in the stock by hoping that the worst thing would not happen. For these investors they are actually gambling in the stock market and doomed to lose all of their money as that is the nature of gambling. Also investing in one stock not a portfolio would be a big test for investor’s belief. Both Microsoft and Apple are ten-baggers. Yet in 2000 internet bubble burst their stock prices fell by 80-90%. That’s why what Buffett said for investment is full of wisdom. He said the first principle of investment to keep principal safe and the second principle is to revisit the first one. It is easier to lose money in the stock market than to make money. Risk management is the most important part in investment.
A-share and HK stocks rose while the US stocks were mixed. Gaming stocks recovered from the previous day losses in both A-share and HK market. As ADP data came in much lower than expected and GM earnings disappointed, DOW fell close to 1% while Nasdaq rose slightly. Fed Vice-chairman still saw inflation go up and expected to raise interest rate in 2023. The US 10-year treasury yield continued to fall amid pessimism that economy, earnings and stimulus were peaking out.
聲明:本市場點評由北京楓瑞資產(chǎn)管理有限公司(以下簡稱“楓瑞資產(chǎn)”)“楓瑞視點”微信公眾號提供和擁有版權,授權上海海獅資產(chǎn)管理有限公司轉載。在任何情況下文中信息或所表述的意見不構成對任何人的投資建議,楓瑞資產(chǎn)不對任何人因使用本文中的內(nèi)容所引發(fā)的損失負任何責任。未經(jīng)楓瑞資產(chǎn)書面授權,本文中的內(nèi)容均不得以任何侵犯楓瑞資產(chǎn)版權的方式使用和轉載。市場有風險,投資需謹慎。
免費咨詢電話:0757-2833-3269 或 131-0659-0746
公司名稱:上海海獅資產(chǎn)管理有限公司 HESS Capital, LLC
公司地址:廣東省佛山市順德區(qū)天虹路46號信保廣場南塔808
Copyright 2014-2020 上海海獅資產(chǎn)管理有限公司版權所有
滬ICP備2020029404號-1