The bull market is still there, and it is a global law for funds to concentrate on the head 2021-04-04

Speaking of China A Investors in stocks , Lin Yuan is a famous name . Many investors have heard of his achievements , What people like to talk about most is 1989 In the past years 8000 Yuan into the stock market ,2006 year 10 End of month , The total market value of its shares is 20 One hundred million yuan , That is to say 17 Year , Over 20 ten thousandfold .

Recently, Lin Yuan received an exclusive interview from the media , Talking about the current A Judgment of shares . In my opinion, some of his views are not only applicable to A stocks , The same applies to the digital money market . Today, I will share with you some of the views he mentioned in this interview .

1、“ Now it's not about ‘ The top ’ When ,（ bull market ） Just getting started , Everyone is still losing money , How can we reach the top ？ When is the time to rise? Everyone can't believe it , Basically, the whole people have been released ”.

In the near future A Shares have entered a period of adjustment , In particular, many fund products , The decline is quite large . So many media began to say A Stocks have risen for nearly two years , Now it has reached the top .

On this view , I always disagree . You bet A Stocks have risen for two years , I am also 2019 Years because A When the stock price rises gradually, the fixed investment stops , But actually 2019 and 2020 The growth rate in the past two years was basically silent , There's no big news , It's hard to take the increase in these two years into account as part of the bull market .

Now? A There are also a large number of stocks whose prices are not high , This alone shows that we haven't seen much bull market at present .

So Lin Yuan said ： Many investors are still losing money ,A Shares cannot reach the top . And when did it rise so high that everyone didn't believe , When almost everyone makes money , Stocks are at their peak .

Lin Yuan's summary is basically the iron rule of all investment markets , It's also what I once wrote in the article .

In contrast, our digital money market , The situation is better than A Shares are much stronger . Now except for those who play leverage contracts , I'm afraid not many people lose money , It's more because I lost my chips too early .

But according to the iron rule summarized by Lin Yuan , To rise to the point that everyone doesn't believe , Now the situation of digital currency is far from enough . Therefore, we can safely hold the chips in our hands as always .

2、“ It is a global law for capital to concentrate on head companies ”

Lin Yuan's sentence is that the better the stock , The more head stocks , The funds will be held together . I agree with this rule very much . In fact, this aspect is the spontaneous behavior of institutional investors for the sake of investment safety , On the other hand, it is also because the shares of head companies are often liquid , It is convenient to trade and cash out when you want to realize .

In the digital money market , This rule also applies . The currency 、 Ethereum will not say , We often see that many other well-known digital currencies also have heavy positions of large funds . This is why in last year's article , I often suggest that you hold DeFi The reason for the field head project , And last year I repeatedly listed what I think of the head DeFi project . And for some unknown and featureless counterfeit coins, I suggest you touch less .

Of course, the prices of all these head items are already very high , But we can continue to pay attention , In order to lay out in the next bear market .

In the interview , The host asked Lin Yuan ： The mentality of investors is ： Many investors know the analytical framework of investment , But I can't hold it in the process , What if you want to run whenever there is a fluctuation ？ Lin Yuan's answer is that everyone's reaction is different , He has no suggestions , Investors can do whatever they feel good about themselves .

In my opinion, this reply is equivalent to asking everyone to obey their destiny 、 Just go if you want . I was like this when I first entered the stock market , But then after a series of exercise and restraint , Slowly overcome this mentality , The specific process , You can look at the front 《 My investment experience 》 Series articles . Therefore, I don't agree with Lin Yuan's reply , I think this problem can be corrected , And for a mature investor who wants to stay in the market for a long time , This point must also be changed , Otherwise, it will always be fish that can only be slaughtered .

Besides , Lin Yuan also believes that stocks are the best allocation at present . I think if I don't know digital currency at all , I will also invest my main energy in stocks , Especially the layout A stocks . But now I know digital currency , It is better than A There is too much room for stocks .

Think of it here. , I really feel lucky , Can enter a field that many investment leaders don't understand or even misunderstand . And then we will see that this field will usher in a new peak in history .