What's it like to buy stocks and hold them for a long time?

My father is an old leek in the stock market, holding two stocks at the bottom of the box for 14 years.

It can be said that these two stocks are one of his few stocks that make money.

Originally, these two stocks may only account for 10% of his stock market assets, but now they may account for half of the country.

One is Wuliangye and the other is Shandong Gold.

Both stocks were bought at the peak of 2007, among which Wuliangye waited 10 years to lift the ban, while Shandong Gold took off ahead of schedule with the help of the gold market in 2009.

I haven't carefully read the profit and loss of his position, but I know that the floating profit of Wuliangye should be 8 times, and the floating profit of Shandong Gold is more than 1 times.

He often tells me with a smile that your father has no inheritance, so he left you some gold and wine.

Perhaps it is this idea that made him keep these two stocks until now, and I don't expect to sell them in the future.

As an old leek, my father's short-term operation basically ended in tragedy.

Buying at the daily limit, closing at the daily limit and falling by 20% a day are commonplace.

As a retail investor, it is normal to pursue height, because you like to pursue excitement.

It's just that I'm almost 70 years old, and I still learn from others to chase the daily limit. It's really a bit helpless.

He often switches back and forth between sensibility and rationality, sometimes considering short-term operation and sometimes considering long-term investment.

He wants to be long-term when he falls and short-term when he rises. This is his most common mentality.

Many people will feel as if holding it for a long time will pay off, but he will also hold it for a long time and eventually the stock will be delisted.

One is Hairun Photovoltaic and the other is Huarui Wind Power.

Hairun Photovoltaic 1 yuan was sold more, and Huarui Wind Power was delisted and never sold again.

Because Sinovel Wind Power was profitable when it delisted, he is still full of confidence in its return to the A-share market.

On the new energy track, the two so-called bull stocks he selected ended up with heavy losses and were terrible.

I only bought a few stocks of lithium batteries and made some money.

It can be seen that the risks of emerging industries are great, so we must assess the situation and not blindly adhere to it.

Once I asked him if he felt good after holding it for a long time.

He said that he was very at ease when he looked at the floating profit, but he was very unhappy when he looked at the floating loss.

Indeed, it is not a stock, it is suitable for long-term holding.

Good companies become more valuable, and bad companies become more miserable.

When you hold a stock for a long time, your mentality will be anxious with the stock price until the stock price rises or falls sharply.

After the crash, it is basically a state of lying dead, because the mentality has collapsed and I feel that it doesn't matter.

After the sharp rise, the psychological safety zone is established, and the short-term fluctuations of stocks will not be too concerned.

Look at the time, polarization is a natural law.

Many people say that the long term is gold, and the long term can make money.

In fact, taking my father as an example, it's a survivor's rule, not a long-term king.

The so-called survivor's law is that you see a long-term stock he holds rise sharply, but you don't see more long-term stocks, and you are still rubbing on the floor.

Holding Wuliangye for 8 times is not enough to smooth out the money that my father lost in the stock market for more than 20 years.

He bought hundreds of stocks and finally got rid of them, maybe only 1/3.

Holding a delisted stock represents a loss of 100%.

If it is Man Cang's operation, even if a stock rises by 10 times, it can't make up for the loss of 100%.

There are also some stocks that died 50-80% after peaking in 2007, and now they are all in 3-5 yuan.

Therefore, many people only see those stocks that have hit record highs and ignore those chicken feather stocks.

As a matter of fact, there are many more chicken feather stocks in one place than those at a record high.

But in terms of market value, those innovative stocks occupy a larger share of the whole market.

Large-cap stocks are getting safer and smaller-cap stocks are getting more and more dangerous.

The long-term money earned by investors is a very small number of stocks that have grown from small market value to large market value.

I consider myself a value investor, but not a long-term investor.

The investment in stocks is valuable at low valuation and frothy at high valuation.

And money is the initiator of the bubble.

The performance of listed companies themselves is the connotation and essence.

The so-called underestimation is below this essence, and the so-called overestimation is above this essence.

P/E ratio is the standard to measure this essence and valuation, and capital is the standard to determine the standard measurement.

Long-term investment is a trend, and there will be price fluctuations in the trend. It can only be said that the growth of enterprises is good and the trend is upward.

The upward trend is not necessarily related to the stock price rise, because there are still funds at work.

For example.

During the period of 10, the revenue and net profit of a listed company increased fivefold.

Then the stock price rose by 10 times in the first three years, fell by 50% in seven years, and finally rose by five times in 10 years.

Is this reasonable? It must be reasonable.

For investors, if 10 years ago, it is profitable. If they buy it in the third year, they will lose money.

It can only be said that the long-term investment value of stocks and the enterprise value are relatively matched, that's all.

As for long-term investment, short-term investment and band investment, there is nothing wrong with them. Everyone's investment methods and ideas are different.

Buying stocks and holding them for a long time have two different feelings, the feeling of making money and the feeling of losing money.

1. Feelings of people who make money: happiness and sense of purpose. For example, Lin Yuan and Shan Bin, who have bought Maotai shares for more than ten years, have earned a lot of money and achieved financial freedom. They are called "stock gods". They all set up their own private equity funds. Things are getting worse, and they must be flattered. Their sense of happiness and success must be full of life, which is beyond words.

2. The feeling of losing money: pain and frustration. For example, the feeling of holding China Petroleum for a long time mentioned in the question, one of my stock friends really held China Petroleum 13 years. Since 30 yuan bought it, 20 yuan began to make up the position, and there was no money to make up the position until 10 yuan. He has always had a glimmer of hope for PetroChina and has always been reluctant to cut meat. Now the holding cost is still 16 yuan, and the share price is only 4.45 yuan. This stock friend has not eaten incense for a long time, can't sleep, and even has nightmares, which is very painful. Small leek has become an old leek, and it has completely become a loser in the stock market.

3. Buy stocks and hold them for a long time. You must not blindly buy them or blindly keep them. To buy stocks and hold them for a long time, we must first determine whether the stocks we buy are worth holding for a long time, whether they have investment value, and don't be selective and blind; Secondly, we must learn to be flexible, fight if we win, leave if we don't win, and we can't carry it hard; Thirdly, do T in the band, and don't forget to do a new one in order to maximize the benefits.

I have kindly reminded small fans many times that buying and holding on dips is safe for the highest; It is better to buy bank stocks than to save money, and it is better to buy funds than to buy stocks. This is my motto and behavior track. Presumably, someone has been following in my footsteps and gained a lot.

It is better to teach people to fish than to teach people to fish!

When I was young, I worked as a short-term trader. I liked doing short-term trading very much, but I didn't make much money after doing it for many years. I found that after middle age, long-term trading is gold.

I now buy stocks as a long-term investment and hold them for at least a few years. I bought a few stocks last year and still hold them this year. Wangfujing earned the most, with a profit of 296% a year, Hengrui Pharma 90%, BYD 60% and Conch 52%. * * * This year 10 holds more than one stock for one year, and the total profit of * * * is close to 40%!

My feeling is that long-term investment is not only profitable, but also beneficial to the body and mind. You can have a lot of time to do what you like, away from the hard work of watching the market every day, and away from the mental troubles caused by market fluctuations.

I know many people don't know how to make long-term investments. Many people are forced to invest for a long time, often for seven years or even more than 10 years. Such people simply don't know what long-term investment is, but only know how to get good returns.

To make long-term investment, we must understand the profit model, future performance growth point and future performance growth potential of listed companies.

It is necessary to understand and learn to understand the financial statements of listed companies, and conduct industry analysis and development prospect analysis.

I often read the annual financial statements of some listed companies. There will be many surprises. There are many leading enterprises, not only domestic first-class, but also world-class. A shares also have many such good companies.

My strategy is to firmly hold a number of such leading listed companies. And it is held for a long time.

When the company was depressed last year, I bought a large number of industry leaders above 10, and this year's investment return is good.

Tell a true story. Three women, a classmate, a friend and a neighbor, want to buy tickets at 5000 o'clock in Shanghai bull market and ask me what I can buy. They want to make a long-term trip.

Why do you ask me? Because I sold it all at 4800, the stock went up, and I was in a hurry. I tried to persuade them for two days without results, so I had to ask for shares from me.

I said if you really want to buy it, buy ICBC. Classmate, all posts have been killed. My friend bought half the positions of ICBC and half the positions of small-cap stocks. My neighbor didn't listen to me and continued to chase up small-cap stocks, which rose.

Within a few days, it began to collapse, and ICBC began to support the market. The person who bought ICBC followed me to make a big price difference several times, and the cost came down, and then it fell all the way.

Students lose 15%, and the cost is much higher in 4 yuan. Ask me what to do.

I said you said you want to invest for a long time, so you have to believe that I will continue to hold it now. If you don't believe me, you can make a small loss. Small-cap stocks will fall by 50%, but most of them will fall by 50%. You can try if you don't believe me.

I didn't sell it in the end. I took it for more than two years and divided it into three dividends, making a small profit. The cost was 3.2, which rose to 5 yuan, 6 yuan was not sold and 7 yuan was sold. Two years of bear market, more than doubled.

My friend ICBC costs about the same, and small-cap stocks cover 50%+. Looking at the small-cap stocks in a hurry, fighting for the price difference every day and trying to earn it back. Icbc has been operating, and finally earned 20% and finally flew, so it can only buy small-cap stocks to continue to cover positions.

However, this friend is lucky. He plays more than 100,000 to 200,000 new shares a year, and all the losses are made up by China's new shares.

Now honestly do the long line and dare not touch it. It took me several years to hand in my tuition, but fortunately I didn't lose money.

Neighbors are miserable. Last month, they complained, one technology, one aviation, and now one set is 50% and the other is 55%. They asked me what to do. Technology increased their positions, and then they bought a low-level long line. It is estimated that it will take two or three years to return to its original state, and it is estimated that it will not come back for ten years after tampering.

The same three lines have different results.

Therefore, 80% of people who hold a stock for a long time are losing money, 65,438+05% are not losing money, just running away, and 5% are really making money.

Why is the proportion of long-term losses so high?

First, the position is wrong.

Most retail investors are forced to do long-term work. Why were they forced? Many quilt covers are bought at five times 10 times. Retail investors basically buy in the final distribution stage, and may earn more than 10% in the short term. However, once it collapses, it is normal to lose 50% in the short term. If it rebounds, they will not sell it, and then they will get deeper and deeper.

Second, if you decide, you will move, and you will not follow the trend. How to reduce losses, how to reduce costs over time will not, so when it falls to a loss of about 40%, it begins to play dead.

Fortunately, what I bought was not particularly high. After a year or two, a wave of market will solve the problem. Those who are unlucky enough to buy Mount Everest will lose about 50%.

As for how to solve my other questions and answers, I won't go into details here.

Third, I don't know if the company's value is expensive. After buying it for a few years, can it go up? In the end, is there a pit? I just think it's good to go up, so I will chase it. If it's good to go up, then I will buy it.

It can only show that the basic knowledge of stock trading is too lacking and tuition fees need to be paid. But these tuition fees are not expensive.

Fourth, strike while the iron is hot.

In other words, a large part of your quilt stock was obtained from this channel and that channel, or was it the same loss? Why?

Stock trading and financial management need to learn by themselves, find the right stocks, and then combine stocks with human nature to make money. Everyone has his temper, so does the stock. How to make money in line with the stock rhythm, and how not to make money in line with it?

You should learn how to judge the value of stocks, and then find an industry you know to do it.

Once a barber asked me what I could buy. I said your scissors are stainless steel, right? He said yes, I said, has the price of scissors increased recently? He said that it has gone up a lot, and I said that stainless steel has also gone up a lot. The inventory of stainless steel has not increased. Can't I buy it? The stock market is life. In a few days, he made a fortune on three stainless steel plates.

Stock trading that is good at observing life will not be too bad. Doing stocks will also carefully observe the relationship between industries, companies, products and life.

On the other hand, most people are losing money in the long or short term. As for why there are too many reasons, there are 10000 reasons for the loss of people. There is nothing wrong with the stock market, and mistakes can only be resisted by ourselves, fearing the market and adapting to it.

Long-term is to buy at the bottom below the company's value, and then quietly wait for the company's growth and return to value. There is no quick money in the stock market. I've only met one person who makes quick money so far, but I stumbled and finally succeeded.

If you want to talk about value investment, if you insist on not making money for a long time, you don't want to admit your mistake, but the market will make you admit it sooner or later.

I think it is really difficult to hold it for a long time, but the final result will be beautiful. If you don't open it for three years, you can eat it for three years, as long as it is horizontal and vertical.

I still advise retail investors not to spend too much energy on short-term business, because it is easy to miss the opportunity of short-term trading in time. They should go to work, choose someone who has two or three times the chance of five years, and lose a good job. They will lose money even if they toss about for five years every day, and they are not serious about going to work. I wonder how much better.

I started buying stocks in 2006. When I met a bull market, I spent tens of thousands and played more than two million. At that time, I just graduated and had no job. Eat, drink and drink for two or three years. At that time, I thought life was like this! Dream of becoming a professional player.

In 2008, I went to Beijing to watch the Olympic Games, and then I began to take a sharp turn. I always thought I would come back. I made up my position in case it went up or down, and I persisted for a while. As a result, I didn't even have to think about it, leaving nothing, just a bunch of numbers. ...

The market value is about 70,000 to 80,000 yuan. I drank too much at one time, and I also got a discount on my business card. Of course, I still remember my account number and password. Because I set up automatic login on my laptop before, I don't often need to enter my account number and password. After a while, I forgot my account number. ...

I honestly go out to work, but after all, I have to live. I was a little uncomfortable at first, but I got used to it later. what can I do? If you hit a wall, you will be honest.

In this way, work, get married, buy a house and a car, and finally get by! I haven't thought about it in these years, such as going back to my life at that time, which was extremely extravagant, but my life has a center of gravity and I have no thoughts.

I talked about stocks with my colleagues the other day. Colleagues asked me if I had bought stocks, saying that if I had bought Maotai for 10,000 yuan more than ten years ago, I would have achieved financial freedom now!

I just remembered that I have bought Maotai myself, so I drink Maotai every day. Can I not buy a few hands?

So I excitedly went to China Merchants Securities to reissue my card (that is, to find an account) and re-register my password. ...

After an operation, it turned out that I bought PetroChina, only PetroChina and Maotai bought it once, but they all threw it away. ...

Life is like this. This is the stock I bought ten years ago, China Oil. No big deal. Stick to it if you can. There will always be a time when the clouds open and the moon shines. There are gains and losses in investing.

Then work hard and do business seriously, because you want to live and continue to invest, but you must remember that you can't win if you don't become a shareholder of PetroChina.

Holding stocks for a long time is equal to value investment.

There are several suggestions on value investment:

1: specifically looking for undervalued securities. Different from growth investors, value investors prefer stocks with low P/E ratio, book value or other value measures. In other words, look for a buy whose share price is lower than the company's value and hold it for a long time.

3. Adhering to the three basic concepts of value investment is also the cornerstone of value investment, namely, correct attitude, margin of safety and intrinsic value.

Value investment also needs to take time to study and find companies with good performance, companies with sustained growth, companies with strong management capabilities, and companies that benefit the country and the people. Stay away from shell companies, junk companies and hot companies. Finally, persevere. Study hard.

There is no such thing as pie falling from the sky in this world.

True case: I once bought a copy for 7 yuan, Minsheng Bank, and I haven't read it since. It was not until one year that I saw many people talking about stocks that I remembered to look for securities passwords to look at stocks. The price 14 yuan was doubled, and then I sold it for about 3 years.

You can find a stock that can not be delisted and hold it for a long time. It should be easier to make a profit.

After entering the market for more than ten years, there are many stages, including initial ignorance stage, enlightenment stage, in-depth research stage, and later professional investment and value investor stage. Since entering the stage of value investors, it has basically been fixed on value. For investment, it is also a state of long-term holding.

There are two personal feelings about holding shares for a long time: 1. Holding shares is not difficult, but you need to know the company you invest in deeply. Take China Ping An Company as an example (no recommendation, just content). In the process of its decline, many investments were scared away, and even most investors left the market with losses. But if you study this company deeply enough, you will find that this company has strong self-innovation ability, high value attribute and low valuation level at present. This can lay the foundation for your long-term shareholding. Holding shares for three to five years, or even more than ten years, as long as the company's fundamentals remain unchanged, it can hold shares.

Many investors can't hold shares for a long time because they don't know the company they invest in at all, and their understanding of the investment target is only "this is a stock, and it may go up". Therefore, I am afraid of going up, and I am even more afraid of falling down. I haven't held it for three or five days, and I want to go.

2. Study companies, not stocks. There are many listed companies in the stock market today, about 3,900. If you don't have enough in-depth research on the company, investing in stocks is like taking chances again and again, and the failure rate is extremely high. Many investors want to make money in the bull market, but can the future bull market really make money? The difficulty is no less than the high probability. In recent transactions, even if the market rises sharply, many stocks in the stock market fall or fail to outperform the index, there is still differentiation. So it is not the most important thing that the future is not in the bull market. It is important that you study the depth of the company, not the level of the stock.

Let me talk about my experience. First of all, there are only two kinds of people who hold stocks for a long time. The first one is that they are caught in the quilt, and then the dead horse is treated as a living horse doctor. The second is the king of value investment, for example, the old man who bought Tencent in Hong Kong stocks for nearly 20 years and then became the most natural person to interact with. Let's not talk about the second one. That's an investment expert. Let's focus on the first one.

What kind of mentality is the first one? Is the gambling mentality. When he entered the stock market, he was doomed to be a leek. Why do you say that? If the market goes up, you can't control your hands. If you don't buy it, you will feel that you have missed hundreds of millions. Then there is the flow process. The result is set at the highest point. Then tell yourself, go back and get out like this, and slowly set more and more. More and more, finally stop watching, tell yourself. It will rise back sooner or later. It's a matter of time. This is human nature. I refused to admit defeat and comforted myself. Finally, this is a long line, as the saying goes! Short-term changes to middle line, middle line changes to long line, and long line contributes.

What caused this result? That is, you don't understand the market. You don't have your own operating system. Without it, you will panic, be greedy and be a human being. So I want to survive in the stock market! You must have an operating system.