This is a documentary novel about the real living conditions of Chinese retail investors. In March 2008, Liu Xing took all his savings of 12,000 yuan and rushed into the stock market. At that time, the Shanghai Composite Index was 5,265 points, and everyone said that the "golden decade" had just begun.
The first stock he bought was called Industrial and Commercial Bank of China. His friend said, "If you are a member of the national team, you will never fail." The buying price is 5 yuan and 3 cents.
In the next eighteen years, he experienced all the major events in the A-share market:
The collapse of 6124 points, the carnival of 4 trillion yuan, the madness of leveraged bulls, the absurdity of the circuit breaker, the negative decline of the trade war, the thousand-stock limit drop due to the epidemic...
He had no inside information and no understanding of technical analysis. He only did one thing right - hold on.
When the friends around him who were chasing the ups and downs disappeared one by one, and when the sales department went from being crowded to empty, he was like a clumsy farmer guarding the tree that was slowly growing.
Eighteen years later, the principal of 12,000 became 170,000. The annualized return is approximately 14%.
Not high, but he survived.
This is a story about patience, awe and survival.
There is no such thing as getting rich overnight, only the real K-line chart of eighteen years, and what every retail investor can see about themselves.
Reader comments
Thanks to Lao Liu and the author.
A book suitable for novices
Learn to survive in the stock market first and then think about making money
Based on 18 years of retail investors' experience in stock trading, it explains the underlying logic of the stock market, teaches people to hold on to high-quality targets, and avoid the trap of chasing the rise and killing the fall. It is a down-to-earth survival guide for retail investors! ! !
Very similar to my concept, the plot is real
Really, you can do it first, it's a good investment concept
Real, straightforward, simple and practical! ―Definitely give it a five-star rating!
Thanks to the author! I have always held ICBC. Is this your actual bargaining position? Or learn from other people's experiences?
Looking forward to reply.
Thanks!
A book you can also read!
Only if there is compound interest
It is objective and true. Investment is a process of slowly getting rich. This is a very well-written investment book, and it is worth learning from Li Laili. It is a wake-up call to many people and is worth recommending.
Very good, it gives people a systematic understanding of the ups and downs of A-shares over the years!
Thank you. After reading this, I have a better understanding of my investment targets, and it also allows me to face the ups and downs of the stock market with a longer-term mentality.
As a new retail investor, the mentality and thoughts described in the book are the same as mine now, so I decided to read this book!
What the author wrote is very real, I learned from it!
It's very realistic and rustic, and it's useful for both novices and veterans. Value investing, keep a calm mind.
Worth studying
Take it, you must hold it
The content is true and reliable.
It's very real and real. Holding a good stock is the long-term solution for ordinary investors. If you don't want to spend a dollar, investing is a lifetime thing [Like][Like]
It would have been nice to have read your book 10 years ago, and I wouldn't have ended up in this situation now.
Thanks to Lao Liu and the author.
A book suitable for novices
Learn to survive in the stock market first and then think about making money
The content looks real and not exaggerated at all
Worth learning, worth learning, worth learning, five-star praise
Based on 18 years of retail investors' experience in stock trading, it explains the underlying logic of the stock market, teaches people to hold on to high-quality targets, and avoid the trap of chasing the rise and killing the fall. It is a down-to-earth survival guide for retail investors! ! !
Very similar to my concept, the plot is real
Really, you can do it first, it's a good investment concept
Real, straightforward, simple and practical! ―Definitely give it a five-star rating! Thanks to the author! I have always held ICBC. Is this your actual bargaining position? Or learn from other people's experiences? Looking forward to reply. Thanks!
A book you can also read!
Only if there is compound interest
It is objective and true. Investment is a process of slowly getting rich. This is a very well-written investment book, and it is worth learning from Li Laili. It is a wake-up call to many people and is worth recommending.
Very good, it gives people a systematic understanding of the ups and downs of A-shares over the years!
Thank you. After reading this, I have a better understanding of my investment targets, and it also allows me to face the ups and downs of the stock market with a longer-term mentality.
As a new retail investor, the mentality and thoughts described in the book are the same as mine now, so I decided to read this book!
What the author wrote is very real, I learned from it!
It's very realistic and rustic, and it's useful for both novices and veterans. Value investing, keep a calm mind.
Worth studying
Take it, you must hold it
The content is true and reliable.
It's very real and real. Holding a good stock is the long-term solution for ordinary investors. If you don't want to spend a dollar, investing is a lifetime thing [Like][Like]
It would have been nice to have read your book 10 years ago, and I wouldn't have ended up in this situation now.