Retail investors are an inseparable part of the stock market, accounting for 80% of the stock market, but they are also the most injured group in the stock market. They are restricted in the trading system. In the face of risk hedging, both stock index futures and securities lending have a threshold of 500,000. Even if the peripheral stock market has been out of the bull market for ten years, the market that can only do more is the long-term bear. I wanted to make some profits and improve my life, but I was forced to lose more than half of my principal, which led everyone to talk about stocks.
In the most promising market in the first quarter of 20 19, the A-share market experienced a wave of skyrocketing. When market confidence began to recover and everyone had hope for the stock market, they let go of stock index futures to allow institutions to hedge risks, but kept cleaning up off-exchange fund-raising, which caused the market to plummet by 3,288 points, leaving most investors who had been quilted with no chance to close their positions, making most investors who had made profits in the previous period get their profits back, resulting in loss of principal.
What other reasons do investors leave the A-share market? 1, re-financing weak investment. Paying too much attention to the financing function and ignoring the investment function has led to a long-term decline in the stock market. Once the rising factors are affecting the market, it is not conducive to a long-term healthy upward trend. In addition, we can only buy up but not down, which has locked in most investors and lost confidence in the stock market, making A shares lack the role of long-term investment.
2. Shareholders frequently reduce their holdings. The frequent reduction of listed shareholders and the lack of perfect norms of various fraudulent behaviors have led to many shareholders' clearance and frequent fraud, which has led to frequent mining in the A-share market and caused huge losses to shareholders. Many investors rushed to invest, but they were quilted for a long time and eventually left.
To sum up, if it is a healthy and stable stock market, most investors must be scrambling to enter the market. However, the A-share market is developing, the system is in a perfect stage, and there are many problems, which lead to the destruction of the ecological environment of the stock market and the high investment risk, which makes investors choose to leave.
Scattered people and investors need a fair and open stock market. Big A is a big feature now. When purchasing and listing, they can order in large quantities and make some money. Without this function, who will finance it? In addition, 200 billion shares are issued every year, which means that trillions of restricted shares are forcibly accepted by the market every year, because shareholders can set limits, so where does the money come from, the state and foreign capital? Scattered people have been cut again and again, and even their shorts are almost gone. The advantages are as follows: ① enterprise financing supports the development of real economy and is beneficial to the development of national economy; (2) Each company's listing has created dozens of billionaires, which is good for the consumer market; (3) subscribed investors can make some money by going public. I can't help it Wu Jinglian said that the stock market in China is not as good as the old casino. Reform, enrich the country and strengthen the people, and the people should enjoy the fruits brought by the rich countries.
No return, even loss. I think this is the main reason why investors leave the stock market. Everything else is just a cloud. In fact, the Shanghai Composite Index is now 2500 points, and many stocks have fallen to the previous situation of 1000 points. For many investors who expect returns, this is simply a nightmare! In fact, many people are puzzled why other stock markets, such as Hong Kong stocks, perform so well, but our stock market behaves like a stagnant pool. Obviously, there must be something wrong with this! The key lies in the courage and method to solve the problem. In short, if others do well, we should do well. This is the minimum spirit.
Although the A-share market is basically criticized, many people still have a good impression on the A-share market. They are glad when they get up, and clap their legs and scold their mothers when they fall. But few people can leave the A-share market, mainly because the A-share market can satisfy all your desires, and many people can't beat it. So what makes investors choose to leave the A-share market?
To sum up, there are two reasons.
The first reason is to realize wealth freedom or wealth accumulation, see through the stock market and enjoy life. There are not many such people, because the magic of the A-share market is really too great. Even if you earn 1 10,000, you still want to earn 1 10,000, or even 1 100 million. People's desires will be constantly amplified in the A-share market. However, some people really understand the truth of life through the A-share market and can leave the market at the high point of life to pursue a more meaningful life. As the saying goes, life has not only the stock market, but also poetry and distance. The person who can do this is the perfect life.
The second reason is that the extremes meet, and the losses in the stock market make you have to leave the stock market. Although the stock market has a low threshold, it does need some capital and trading skills. If you have no principal, even if you want to play in this market, you will be kicked out. This kind of people account for the vast majority, and they also try to save some money, hoping to realize their dreams through the stock market. But I didn't expect the stock market to be so cruel that they lost all their principal in a few rounds and had to leave in a daze.
In addition to the above two reasons, people can leave the stock market, and more than 90% people will be obsessed with stock market trading all their lives, regardless of ups and downs.
Make money or not? It is the fundamental condition for the existence of the stock market. Go or not? It depends on what you can get in the stock market.
Falling for more than three years in a row, the market has no profit-making effect, which will definitely lead some investors to lose confidence in A-shares, and huge losses will lead investors to choose to leave the A-share market. Of course, in addition to the huge factor of market loss effect, the continuous issuance of new shares also makes investors particularly depressed. We must know that in the past two years, nearly 680 new shares have been issued, and the price of 600 billion financing is that the market value has evaporated by nearly 10 trillion. Even if the market keeps falling, the pace of issuance has not slowed down, which undoubtedly makes many investors very sad.
At the same time, it is sometimes immoral for major shareholders to reduce their holdings. Once the stock price is high, it is often accompanied by their reduction, and the bill is always small and scattered. In addition to reducing holdings, increasing secondary financing is also a drama of cutting leeks, and there is also a pledge of equity due to lack of money, which has reached a strong level. It's hard for investors to mourn the injuries caused by the stock price crash. This is why the reality of speculating in A shares is seven losses, two draws and one profit. Counting the time cost, it was a narrow escape. Faced with such a market, it may be the reason why some investors choose to leave the A-share market.
How many retail investors can make money in the A-share market? The unprofitable A-share market has made more and more investors choose to leave.
I used to be an old stockholder. There are several reasons why investors can't make money in the A-share market.
First, the A-share market pays too much attention to the financing function and ignores the investment function.
A-share was founded with only eight companies, and now it has reached more than 4,000, making it the second largest capital market in the world. These companies are piled up with real money, especially the hard-earned money of retail investors, but there are more listed companies that never pay dividends. Some companies lost money soon after they went public, some made false listings, and some major shareholders simply circled money and left. The A-share market has created countless billionaires, leaving investors with chicken feathers.
Second, the A-share market can't break the strange circle of "one rise, two draws and seven losses", because in the 30 years since the establishment of the A-share market, only 10% investors have made money on average, and many of these investors have resource backgrounds or policy sources. Divide these, it is really rare to make money. The losses are sometimes staggering. According to industry estimates, the stock market crash in 20 15 years wiped out at least 600,000 middle class whose current assets were above10.5 million yuan.
Third, retail investors and institutions have always been at a disadvantage. The advantage of the organization is that it has abundant funds and keeps warm. Retail investors fight alone, just like an egg hitting a stone. Moreover, some institutions act as bookmakers, pulling up and down, making stocks jump up and down, causing investors to chase up and down. Bankers can see the cards of retail investors, and winning money is definitely guaranteed.
4. With the development of science and technology, the operating tools of the capital market are becoming more and more advanced, and institutions operate intelligently in the A-share market, while individual investors are still looking at the K-line chart, and institutions are easy to deliberately make maps to confuse people. Retail investors accidentally fell into the trap and were cut off.
5. The A-share market is unconsciously going through the process of de-retailing, guiding investors to abandon stock investment funds. However, in the capital market, the process of de-retailing is very cruel. Investors must withdraw from the stock market when they can't stand the loss, and even see their funds shrinking when the market rises.
I am an old stockholder who entered the market in 2000. In 20 15, I escaped from the top around 5000 points by virtue of years of accumulated experience and lessons. I thought it was a little money, similar to the money invested in the stock market and deposited in the bank to earn regular interest. If inflation is included, it is still a loss.
Since then, I resolutely bid farewell to the A-share market and will never entangle with it again. In the past five years, my physical and mental health has been greatly restored, and my life has become much more meaningful.
There is only one direct reason for investors to leave the stock market: losses. Objectively speaking, the number of investors in China stock market is increasing year by year, but the growth rate of active investors is slowing down. In fact, to find out what causes investors to choose to leave the A-share market, it is better to summarize some factors that can survive in the stock market for a long time.
First, insist on value investment. All investors who trade in the stock market have heard of value investing. But what is value investment? Many financial data can explain whether a listed company is a value stock. Simply put, the better the financial data, the more it can prove to be a value stock, and of course it must show an average data. It takes several years for the average data to balance, such as three years, five years. The corresponding financial data include dividend yield, return on net assets, relative price-earnings ratio and so on. Only better financial data can show value. Many investors may think that there are data deviations and errors, but the errors are few.
Second, formulate corresponding implementation strategies. "Strategy is greater than trend" is a very popular expression in the stock market, which means that if the strategy is executed perfectly, even if the trend is wrong, it can avoid great risks. However, investors who enter the market are more likely to have no strategies to implement. How to buy, how to sell, how to execute, and where to stop loss and take profit are all unclear and unknown. What are the consequences? Is to invest by feeling when the market stumbles, and what are the chances of making a profit by feeling investment? Very low. Only when a bull market appears can it make a profit, or it can be solved, but when a shock market and a bear market come, it is more a loss. So the strategy is to standardize investment. With standardization, the probability of loss will be reduced, and it will be better to survive in the stock market than to leave it.
The sharp drop will make many new investors leave the A-share market. Although there are many investors in the A-share market, most of them are short-term speculators and deep-seated losers. Every plunge will make many investors choose to leave the investment market for the simple reason of losing money. A large number of losses occurred in a short period of time, and most investors could not afford such losses. For example, the fuse-down of 16 and the sudden sharp drop of the rise will lead to a large number of investments leaving the A-share market. Because most of the investors who leave the investment market are inexperienced new investors, they are the investors who are most easily cheated by the plunge.
There is no hope that more investors will leave the A-share market. Seeing no hope is an important reason for more investors to leave the A-share market. For example, the three-year decline of the Growth Enterprise Market, the three-year bear market and the continuous decline this year will make a large number of investors leave the A-share market hopelessly. The rise and fall of the stock market is actually a game between people, and it is also a murder. There is nothing more sad than death. Therefore, the long-term decline will make more investors disheartened and eventually give up. Now investors leave A shares, which is the most terrible situation. The trillion-dollar trading volume has now shrunk to only about 200 billion, and it is conceivable how many investors have withdrawn from the A-share market.
Of course, due to the low profit-making effect of the A-share market, it is not only difficult for investors to make money, but also easy to lose a lot of money. Moreover, A-share bears have stayed in gloomy mood for too long, which really makes people feel hopeless and tired. Naturally, they decided to leave the A-share market and look for other investment channels to make money. Those who stay in the A-share market are either deeply locked-in investors, and it is really impossible to cut the meat out of the market. They are looking forward to making money one day, continuing to work with regulators, listed companies, main funds in the stock market, or investors with certain technical and investment analysis skills to achieve a stable and winning pattern in the A-share market, hoping to seize the big bull stocks in the future and realize the tumbling of wealth. At the same time, there is a steady stream of new leeks flooding into the A-share market. When they first came in, they were all "ambitious" and wanted to show their talents in A shares and make a lot of money.
First of all, it can be summarized in one sentence: the listed companies in the A-share market are mixed, and there are many financial frauds, so it is difficult for investors to make money in the A-share market.
The number of active accounts in the stock market reached 65.438+0.5 billion in the bull market in 2065.438+05. After the bear market began on April 38, 2065, the number of shareholders dropped sharply. After three and a half years of decline, the number of active accounts in the stock market is currently only about10 million, and most of the investors have been trapped or cut off, resulting in fewer and fewer people now trading stocks and leaving without making money.
Shareholders enter the stock market to make money, but the A-share market can only do more. It is a bear market for a long time, but it has fallen for a long time in a stock market that cannot be short, which leads investors to guess the bottom passively and finally get deep. In addition, the system of the developing stock market needs to be improved, and there are too many negative events and mines in the stock market, which leads to very low profit-making effect. In 20 15 years, the per capita loss is 60,000, and the market loss probability reaches 80%. 20 17, 80% of the shareholders lost money, which led to a partial bull market for blue-chip stocks and a bear market trend for small and medium-sized stocks. By 2065438+2008, 9.5% of the shareholders suffered losses, with a per capita loss of 65438+ 10,000. These data reflect that it is extremely difficult for a bear market to make money in A shares, and basically all shareholders are losing money.
In addition, investors have insufficient confidence in A shares. Judging from the global stock market, A-shares have recently gained a lot, which is not the bottom of the world. From the perspective of listed companies, 436 A-share companies listed in the whole year, far exceeding the United States; Judging from the number of investors, it reached a new high at the end of 20 17, reaching nearly1340,000 households. By 20 18, A shares currently have about1500,000 personal stock trading accounts, but many of them are zombie households (no trading for a long time), accounting for about 2/3.
Those who buy up don't buy down, those who have no money are helpless, and those who wait and see continue to wait. More people still don't believe in the stock market at all, especially A shares. They need enthusiasm and money-making effect.
In fact, investors leave the market, in the final analysis, the market is not good and people become cautious. Once the market improves, dormant accounts will be activated. Therefore, the current situation is that investors want to go up, and regulators also want to go up, but the market is disappointed. Listed companies also live up to expectations and have problems one after another. No, recently, the performance of a large number of listed companies has changed, and their share prices have plummeted. Therefore, only when the market is good, the funds will dare to operate, the transactions will be active, more people will operate the stocks, and the investors who have left will come back.
Healthy slow cattle is the fundamental measure to let investors return to the market.
I'm Hao Ge, and now I'm a financial analyst at CITIC Securities. Share financial anecdotes, stock fund practices and real estate information from time to time every day.