上证报: Cần duy trì kỳ vọng thu nhập đầu tư hợp lý

The article points out that the A-share market has been continuously adjusting recently, and the overall performance of public equity funds has been unsatisfactory. In the context of scarce investable assets, investors should maintain reasonable profit expectations. Unrealistic high expectations lack a source of income support, which is also an important reason for many investors’ losses. For secondary market investments, profits usually come from three aspects: enterprise growth, which is the most fundamental source; valuation increase, which is related to liquidity; and trading counterparties, which earn profits by earning spreads. From the above three sources of income, it is not easy to obtain high returns at the moment. From a logical point of view, it is difficult for investors to obtain high returns in the short term, but from common sense, they should maintain an optimistic attitude over a longer period. Based on past investment experience, respecting common sense is crucial in the ups and downs of the market. For investors, they should avoid buying crazily at the peak of the bull market and avoid being afraid to buy at the bottom of the bear market.