Chapter 166 Painful Suffering
"Xinyue, do you still remember the top priority work this year from last year's Central Economic Work Conference?" Li Feng asked in a persuasive tone.
"It seems to be to prevent risks..." Zhao Xinyue said uncertainly.
"Yes, it's about preventing and mitigating major risks. The Shanghai Composite Index has fallen from over 3,500 points to over 2,500 points. Isn't that a risk?" Li Feng continued his analysis. "Following the targeted 0.5 percentage point reserve requirement ratio cut on June 24th, there was another 1 percentage point cut on October 7th. Three relevant departments have spoken out to support the healthy development of the stock market."
"The policy is already taking effect."
"So, at this point, there is not much room for further decline, but there is more room for further rise."
"Then why isn't it rising now?" Zhao Xinyue asked.
"The macroeconomic situation doesn't allow it," Li Feng continued. "Although the index risk isn't high right now, the Federal Reserve is still on the path of raising interest rates, and the impact of the trade war is still there. Although various measures have been and will be introduced domestically to support the stock market, it will take time for these measures to take effect."
"Now, there's only one word: hold on. Hold on until the Federal Reserve's interest rate hikes are over, the impact of the trade war diminishes, and our domestic support policies take effect..."
"How long will it take?" Zhao Xinyue continued to ask.
Li Feng thought for a moment and sighed, "I don't know either. Maybe a few weeks, maybe a few months, maybe a few years..."
"Take Kweichow Moutai, which Menghan holds in its entirety, for example. The industry and individual stock valuations are not too risky at this point. However, if you want to see further gains, you have to hold out until this day. Those who can hold out will be rewarded by the market, while those who can't will be eliminated by the market."
As we were talking, we arrived at the hospital.
Li Feng bought some maternity and baby products, as well as water, fruits and other things, and carried them into the ward.
Mother Lin looked much better.
In this world, money is indeed the most powerful thing.
"Aunt, when Menghan is discharged from the hospital, can you bring her to my house?" Li Feng suggested.
"Your home? Can you take care of it? Do you have experience? In the end, I will be the one taking care of it?" Lin's mother retorted.
"How about this, I'll book a confinement center and let Menghan stay there. It's a professional institution and the people there are very experienced in helping pregnant women with confinement. The food is good and the service is good." Li Feng thought for a while and said.
"Like this..." Lin's mother pondered.
"Mom, I'm going to the confinement center." Lin Menghan made the final decision.
Three days later, Lin Menghan was discharged from the hospital and moved directly into the most upscale Shiyun Confinement Center in City B.
I stayed there for more than three months.
The Shanghai Composite Index has been fluctuating around 2,600 points, and the Sino-US trade war is still raging.
On December 1, Meng Wanzhou was arrested in Vancouver, Canada.
On December 20, the Federal Reserve cut interest rates by another 25 basis points.
After the Shanghai Composite Index reached 2,700 points, it began a round of sell-off on December 14, falling to 2,465 points on January 2, 2019.
If calculated from 3587 points at the beginning of the year, it has fallen by 1122 points, or 31%.
The ChiNext is even more miserable because it didn't make any money last year and was severely beaten this year.
It fell from 1918 points in March to 1250 points at the end of the year, a drop of 668 points, or 34%.
Over the past year, the entire market and almost all sectors have been falling from the beginning of the year to the end of the year, without a decent rebound, leaving people with no hope at all.
Li Feng held the Kweichow Moutai tightly, not moving at all.
Although Lin Menghan misjudged the general trend of her investment this time, at least she was not wrong about the industry and individual stocks, so there is still room for recovery.
As long as we persevere and wait until the general trend improves, Kweichow Moutai's stock price will continue to rise.
However, this road is too difficult to walk, because no one knows when it will end. During this period, countless bad news will spread to the ears of investors, stimulating their nerves again and again, making them regretful, afraid, and confused.
This kind of hope that seems to have no end.
It's particularly painful.
As long as people's will can no longer hold up, they will sell and lose their chips. At this time, it is very likely that the market will turn around and leave them behind.
This is also the reason why Li Feng took over the account and no longer let Lin Menghan manage it.
It was hard enough for her to take care of the children, and she no longer had the energy to fight this kind of torment.
The same torment also happened to Xiao Bo.
After he bought China Ping An, the price initially rose to more than 80 yuan, but then it continued to fall.
In July, it fell to 54 yuan but I didn’t sell my stocks. It rebounded to over 60 but I didn’t clear my position. Now it has fallen all the way back to 54 yuan!
The most difficult situation in stock trading is the current situation. First, the decline makes you despair, and then the rebound gives you a glimmer of hope. Just when you think you can make back your money, it plummets again, directly shattering your hopes.
He opened the China Ping An stock forum and browsed the posts. It seemed that every post was mocking his actions and irritating his nerves.
He couldn't stand it anymore.
He has to make a decision.
"Sell it, sell it, it's over, I'm never going to trade stocks again! I can't go through this anymore. I'd better just focus on selling my computer parts. I've been checking the market every day for the past few months, and my business has been affected. I can't go on like this..."
He made up his mind and was about to clear his inventory, but suddenly stopped.
"How about giving Li Feng a call and asking for his opinion? He's always been great at stock trading."
Thinking about this, Xiao Bo dialed Li Feng's number.
"Li Feng, can you help me take a look at Ping An of China's stock? I've held it for a year and want to sell it."
Li Feng answered the phone in the confinement center and said, "Let me take a look."
Then, he opened the K-line chart of Ping An of China, and saw that it had been falling all the way throughout the year. After a slight rebound, it plummeted to 54 yuan. If calculated from the highest point, it has fallen by 33% this year.
Logically speaking, it is impossible for a new stock investor like Xiao Bo to hold on for such a long time unless someone guides him.
"Xiao Bo, what took you so long?" Li Feng asked back.
"Oh, I read a post by a famous V, and the price went from over 80 yuan to over 70 yuan, then over 60 yuan, and now it's over 50 yuan," Xiao Bo said with regret.
"That influencer always says Ping An of China is worth investing in and worth holding for a lifetime. He always lists a lot of numbers and reasons, and they all seem to make perfect sense, but the stock price just keeps falling..."
"This time, I really can't drink the poisonous chicken soup he gave me. I want to clear out my inventory, so I came to ask you."
I see.
Li Feng pondered for a moment, then said, "Xiao Bo, has that big V posted any articles in the past few days?"
"It's posted. It's tens of thousands of words! Let me read it to you. I won't talk about the numerical reports in the front. I'm tired of reading them. Let's talk about the back," Xiao Bo read while flipping through the post.
"The biggest dark horse among white horses, the biggest investment opportunity in 19 years, a rare investment target in five years. Investing means being friends with time, navigating the existence of bull and bear markets... a white horse that was mistakenly killed..."
"I no longer believe it at all, because he said that before, and the more I believed it, the more I lost."
"What do you think? Li Feng."
"What do you say?" Li Feng picked up a cup of tea, drank it in one gulp, and said, "If you believe me, just hold on for a few more months. If you can't hold on and want to sell, just read this big V's post again."
"Still reading? I won't read it anymore. He made me lose so much money, why should I read it again? Now that I see it, I feel like eating a fly and want to vomit. Why was I so naive before that I actually believed his nonsense!" Xiao Bo shook his head like a rattle and refused.
"I'm not asking you to believe him. I'm asking you to pretend to believe him and deceive yourself. Because now is the bottom of the market, I'm afraid you can't withstand the torture of the market and sell it early."
"Is that so..." Xiao Bo thought about it for a few times before he realized what was happening. He said, "Then I'll give it a try."
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