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Last night, the US stock market experienced a super reversal, with the USD index falling, but looking at it today, the USD index rose again and has been consistently high. It has to be said that the USD is currently too strong. If you want to ask what the strongest currency is recently, I think the USD must be the first choice. Our Hong Kong stock market has fallen below its lowest point 11 years ago. It's hard to find a thematic stock that lasts for only one or two days. Only the USD index has been hovering around 112 and has not fallen below 110, even during its pullback. The exchange rate of the USD to RMB has exceeded 7.2, and it has stayed above 7.
Recently, I believe everyone has heard of this joke: Last year, I exchanged 1 million USD for 6.3 million RMB, spent 0.1 million USD on food, drink and entertainment for a year, and now has 0.9 million USD left. Now I can exchange it for 6.4 million RMB, and I have earned 0.1 million RMB for doing nothing! This is because of the appreciation of the USD. Take a look at the weekly candlestick chart below, and you will see a strong bullish trend in the USD to RMB exchange rate, with no sign of a downturn. And the exchange rate is something that slowly rises, and even if it falls, it takes a long time. So for quite a long time, I think the USD to RMB exchange rate will stay above 7. If it stays above 7, the USD is not cheap, and USD-denominated funds offer good returns.
It's no doubt that the stock market is currently a bear market. The easiest way to deal with a bear market, I think, is to be either someone with no positions who can take advantage of cheap prices at any time, or someone with a light position who still has bullets. The most painful people are those who have no more bullets in their pockets and are still in a heavy position. The essence of successful investing is to have a sense of deflation, which requires great patience and a deep understanding of the operation of the market. If you want to be successful in stock investing, you must have a long-term vision. Never be captivated by short-term gains and neglect the essence of investing.
Recently, I believe everyone has heard of this joke: Last year, I exchanged 1 million USD for 6.3 million RMB, spent 0.1 million USD on food, drink and entertainment for a year, and now has 0.9 million USD left. Now I can exchange it for 6.4 million RMB, and I have earned 0.1 million RMB for doing nothing! This is because of the appreciation of the USD. Take a look at the weekly candlestick chart below, and you will see a strong bullish trend in the USD to RMB exchange rate, with no sign of a downturn. And the exchange rate is something that slowly rises, and even if it falls, it takes a long time. So for quite a long time, I think the USD to RMB exchange rate will stay above 7. If it stays above 7, the USD is not cheap, and USD-denominated funds offer good returns.
It's no doubt that the stock market is currently a bear market. The easiest way to deal with a bear market, I think, is to be either someone with no positions who can take advantage of cheap prices at any time, or someone with a light position who still has bullets. The most painful people are those who have no more bullets in their pockets and are still in a heavy position. The essence of successful investing is to have a sense of deflation, which requires great patience and a deep understanding of the operation of the market. If you want to be successful in stock investing, you must have a long-term vision. Never be captivated by short-term gains and neglect the essence of investing.
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