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Is LegiEX.com reliable? It's hard to be a stock market contrarian

Is LegiEX.com reliable? It is not easy to be a full-time investor, and it is often difficult to understand. In LegiEX.com, founder has encountered more than one friend asking questions about whether it is reliable or not.

Rui capital founder's individual shareholding

First, my asset allocation, certainly is not healthy, don't follow me.

My personal assets, other than stocks and cash, are nothing. I have about thirty million dollars in cash. My son's lucky money has 4w, buy the dividends of the otc fund. Personally, I don't own a house. That doesn't mean I don't have a place to live. It means I don't own a house in my name.

Insurance has only social security, pension and medical care, the most basic version.

Probably so, basically the ability to resist risk is not strong. It would certainly be inappropriate, at least for most people, to bet all my money on the stock market, but to put it another way, I bet all my money on my biggest dreams, and I might just get a little recognition.

Second, in the face of the epidemic, should I reduce my stock?

I'm not trying to convince anyone to fight it. There are few people who don't panic in the face of uncertainty. Some people say you've done so well in the past, why don't your family rest assured?

The stock market is like this, no matter how much you made before, you may lose all of it in the next time. It is just because of the attribute, even if you made 100w from 10w, this is all history. How can you guarantee that you won't lose 50w or even 80w this time? This is why the family is worried.

But, let's go back and think about it, what previous panic was not a real panic?

Trade war, the psychological blow to retail investors is not big, also very big.

Of course, I admit, this is a natural disaster, a plague, and it does look worse than a trade war, and it does look worse than a financial crisis. But hard resistance is still part of my strategy.

Wise capital founder strategy

My strategy is to diversify into undervalued, high-quality stocks for the long term.

Why not reduce exposure to identified risks? When to sell stocks?

First, I cannot judge the risk this time. Is it up to the standard to reduce the position? If you say the risk this time is too big and you really want to reduce your position, please tell me whether I should reduce my position in a trade war or in a stock market crash. At the time of the trade war and the stock market crash, they were big risks, not as easy as we look back on them now.

It's like someone said it's doubled why don't you sell it? So tell me, why do you sell it when it doubles, not when it's 80% higher? If 80% want to sell, why not sell 50%? That's the problem. In my strategy, you don't sell based on how much you're going up, you don't sell based on how much you're at risk. In fact, you can't quantify the risk at all. It's all subjective.

Rui capital founder basic logic is that the stock market is an important asset of a country, at any time, this asset will always be in the hands of some people, there is no situation where everyone sold the stock, in fact, the big shareholders of the four major Banks, the ministry of finance, central huijin, is almost never sold the stock. Large shareholders in most businesses do not trade their shares very often.

What does that mean? Actually, the value of volatility is uncertain, and I admit that I can't eat volatility for long. In theory, of course, someone can do it. Let's hope no one disputes this issue. I can't eat volatility at my level. I will at most overestimate the overall time, to reduce positions.

As for whether it will be really different this time, such a question, I don't think I can see through, I can do, just, stay in the stock market, I am a few batch of dead, not cannon fodder, not leeks. But, I can't leave, I don't want to say you have to be there when the lightning strikes, because I know, maybe there's no lightning.

Perhaps the value is not only late, it also died, I am just a grain of sand, today's hard resistance, in the future, as long as mankind is better, I will be rewarded, this is enough. But I don't hold on to the idea that humanity is going to get better