After reading some of Meng Yan's views on value investing in my senior year, I started consciously considering the matter of investment. Since 2019, I have been regularly investing in domestic funds, from initially buying index funds to track overall development, to later choosing some highly-rated aggressive funds for better returns, my investment philosophy began to gradually shift. However, no matter how I chose, it couldn't resist the overall environment and trend. When the entire domestic market was in poor shape, the choice was essentially meaningless. Coupled with the discovery of various oddities, I became more clearly aware that the domestic stock and investment market is a joke.
Why did I gradually lose faith in long-term value investing? In my understanding, value investing is essentially using money to support and accompany a company's growth, and then to gain a portion of the value from this growth. The essence of the stock market should be to help companies raise funds for better development and growth. However, the current domestic stock market seems completely devoid of this sense. Financing is just a part of people trying to get money, more like companies taking money from retail investors and then spending it or distributing it. Simply put, we retail investors are just handing over our money for them to spend. The stock market is like this, and the derived funds naturally aren't much better.
In fact, I had a question before, that is, if value investing or so-called long-termism truly waits for a bull market to start profiting and exit, but does it really need to be long-term enough to hold for several years or even decades? If the profits are spread over so many years, is the return rate really good? Secondly, both the money and the profits need to be locked up for so long and cannot be used, greatly reducing the value of having money/assets.
Therefore, I plan to switch to the US stock market and stop investing in the domestic market. I couldn't make up my mind before, but today when I was scrolling through Twitter, I realized that I had always lacked the ability to stop losses/take profits. The economy has been bad for a long time, but I was always reluctant to stop, always comforting myself that it would rise back one day. Plus, the money I invested regularly wasn't much, so I kept investing until now, when the total return is almost -20%. Losing some money is one thing, and on the other hand, the money I invested regularly could have been put in other places to make money.
Making money has become a more explicit pursuit for me after starting to work, and I increasingly feel that making money is a matter of course. I will no longer limit the ways of making money, nor will I limit my thinking about making money. Any way that can make money is a good way (of course, it must be legal, compliant, and ethical).
I hope to make more money, and I also hope the economy gets better, so everyone can make money.