According to ChinaClear's arrangement, new securities accounts submitted between October 1 (Tuesday) and October 8 (Tuesday) will be available for trading from October 9 (Wednesday).
Today is the first day for "new investors" to enter the market, and they have mixed feelings in the face of the stock market in the past two days.
Stimulated by the rise in the stock market, many new investors ran into the market, according to brokerage statistics, nearly seventy percent of the new accounts opened in the past week before the holiday are post-90s and post-00s, of which about 30% are post-95 and nearly 25% are post-00s.
Xiao Li is a post-00 "new shareholder", following in the footsteps of her father and joining the "stock market" army.
Letter to new investors! A number of brokerages spoke out in unison
Recently, a number of brokerages have sent letters to new investors on the official account in the past two days.
CITIC Securities, the "first brother" of the brokerage, released "To Friends Who Entered the Market for the First Time" on its official account on October 8. According to the article, the most difficult time for A-shares has passed, confidence is reuniting, and most of the various targets are at the bottom of the valuation.
CITIC Securities said that it was lucky and happy to choose to open an account at this time. I say lucky because bull and bear switching is the norm, and this is true in the global market. When we say happiness, it is because when the general trend is relatively clear and good, we can take advantage of the trend and it is relatively easy to get on the bus.
Under the leadership of CITIC Securities, CICC Wealth, Guosen Securities, Debang Securities and Ping An Securities have also issued a letter to investors.
- CICC Wealth Management said that it should be a disciplined investment, not an emotional investment;
- Guosen Securities pointed out that the short-term carnival is not lasting, and the long-term income is the most important;
- Debang Securities answered how to enter the market quickly as a newcomer;
- Ping An Securities shared what to do next under the sharp rise in the market.
Brokers explain the difference in this bull market
Guosen Securities pointed out that in this round of bull market, investors have a complete set of underlying assets (stocks, bonds, business, cross-border) and investment advisory service models (fund investment advisory) for the first time, and can choose to invest in a complete asset allocation through stocks and funds. This round of bull market is just the starting point of the allocation of large types of assets, and investors can make steady progress in the capital market with a more calm attitude and a more balanced allocation.
Ping An Securities said that the market has indeed changed. The stock market has changed from a simple investment and financing trading place to an important path to undertake changes in residents' wealth management and economic development models. Even though the market atmosphere has picked up significantly, it is not the basic pattern of the market to rise and fall together, and to make money when you buy stocks. The construction of an asset market value management system that adapts to the development of Chinese-style modernization will inevitably correspond to the long-term development of high-quality assets. In other words, the long-term opportunities in the future market will still focus on core assets and high-quality assets that support economic transformation and upgrading.
In a letter to buy-side investors, CICC Wealth Management said that "over-falling rebound" is a simple law in investment. After a three-year adjustment period, the overall valuation of domestic assets has reached a historically low quantile level, and after a squat, wait for a time to trigger a reversal. A series of recent policy packages have reversed previous pessimistic expectations and sluggishness, and have also driven the revaluation of Chinese assets.
In addition, CICC Wealth believes that the current medium-term bottom of the market may have been formed, and more importantly, we should believe in the fundamentals of the mainland economy and the breadth of the market, believe in the resilience and great potential of the mainland economy, and maintain long-term confidence in the sustainable development of the mainland capital market. Next, let's focus on two aspects:
First, a series of policies including fiscal policies in the near future and in the future will continue to exert force in an all-round way;
The second is the support of macro fundamentals, which will be the key to long-term trend opportunities and market stability.
Long-term money is better than short-term money
Looking back on history, the reasons for most people's losses in each round of bull market are convergent, which has nothing to do with macro, individual stocks, and funds, and is directly related to the irrationality of investors' investment behavior.
Guosen Securities believes that short-term betting is equivalent to gambling, which may bring short-term excitement and benefits, but it is more likely to be long-term losses. In a round of bull market, new investors need to be clear about their investment goals and the amount of investment they can invest at the beginning, and they must not constantly raise their expected goals and add funds as the market heats up.
Debang Securities also proposed that "the shorter the shorter, the more difficult it is to predict" is the axiom of stock market investment, and even Warren Buffett cannot predict the direction of tomorrow's stock market. Especially when our understanding of investment and market experience are not rich enough, short-term trading is equivalent to gambling. Therefore, we might as well choose to follow the general trend, invest for a long time, and gradually accumulate returns, which is easier and more secure.
Ping An Securities said that although the current market has established a reversal, after a rapid rise in the early stage, there is a high probability that it will gradually return to rationality. The sharp ups and downs of the Hong Kong stock market during the holiday also indicate that the rapid rise of the market is unsustainable. During this period, do not chase the rise and kill the fall, and take over at a high level. The core clues of market interpretation will gradually reveal after the investment sentiment gradually calms down.
CITIC Securities also said that long-term money is better than short-term money. For the market, investment is not deep, the short-term is equivalent to gambling, it is better to use time for space, put long-term, and accumulate returns.
In addition, CITIC Securities also said that the money of the trend is better than the money of individual stocks. No matter how good the market is, specific stocks will also get out of the divergent market. By buying indices or portfolio investments instead of betting on individual stocks with a full position, the winning rate will be higher.
Bay Area Finance and Economics Comprehensive 21st Century Business Herald report
Editor: Xiaoya