[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-JP2025040708354769635":3,"related-JP2025040708354769635":34},{"pageSize":4,"id":5,"productLine":6,"status":7,"articleCode":8,"articleType":9,"showStyle":7,"mediaType":10,"fileInputUrl":11,"articleTitle":12,"coverImage":13,"listImage":14,"introduction":15,"description":16,"nonVipDescription":17,"postTime":18,"viewTime":19,"sortNumber":20,"isFree":21,"isShowList":7,"isRecommend":21,"linkType":7,"isOriginal":6,"hasMiniUrl":21,"miniUrl":11,"miniScheme":11,"miniImage":11,"itemTag":11,"createBy":22,"updateBy":23,"createTime":24,"visitCount":25,"isLiked":21,"realSearch":26,"isRead":21,"productId":27,"isCollected":21,"collectCount":10,"vipExclusive":21,"allowComment":7,"style":28,"likeCount":29,"duration":21,"playStyle":7,"seoKeywords":11,"articleModuleVoList":30,"extendContentList":31,"noteCount":7,"categoryList":32,"dailyKeywordList":33},10,6842,"1",1,"JP2025040708354769635","1041018",3,"","大跌了，机会还是风险？","https:\u002F\u002Fimage.jane7.com\u002F3375725c-d389-414b-8026-187a459f2892.png","https:\u002F\u002Fjane7-prod.oss-cn-hangzhou.aliyuncs.com\u002Fmanager\u002Farticle_default_img.png","开盘前，你可以做这3件事","\u003Csection>\n \u003Csection>\n  \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">之前和大家聊了聊关税战，这两天后台不断收到类似的留言：\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Cp style=\"margin-right: 16px;margin-left: 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;margin-top:0;margin-bottom:0;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cstrong>我买的基金\u002F股票，要不要卖？现在大跌了，我该不该买点？\u003C\u002Fstrong>\u003C\u002Fp>\n \u003Cp style=\"margin-right: 16px;margin-left: 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;margin-top:0;margin-bottom:0;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px 16px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">媒体铺天盖地的报道，加上市场的狂风骤雨，让我回想起五年前疫情刚爆发的日子。\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 1.5em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cspan style=\"font-size: 14px;background-color: rgb(255, 254, 213);color: rgb(255, 41, 65);\">*本文提到的指数仅供参考，不作为投资建议，投资有风险，决策需谨慎，请把决策权牢牢握在自己手中~\u003C\u002Fspan>\u003C\u002Fp>\n \u003Csection>\n  \u003Cp style=\"margin-left:15px;margin-right:15px\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F06a4d63a-c4ea-4810-89d5-2f48621a663e.jpg\">\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Cp style=\"text-align:center;margin-bottom: 16px; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; line-height: 2em; margin-left: 15px; margin-right: 15px;font-family:Optima-Regular, PingFangTC-light;\">\u003Cspan style=\"color: rgb(214, 168, 65);\">\u003Cstrong>01\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"margin-bottom: 0px; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; line-height: 2em; margin-left: 15px; margin-right: 15px;font-family:Optima-Regular, PingFangTC-light;\">2020年初，疫情席卷全球，发生了许多难得一见的事情——\u003C\u002Fp>\n \u003Cp style=\"margin-right: 16px;margin-left: 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;margin-top:0;margin-bottom:0;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">超市里，方便面、卫生纸被抢到断货，甚至有人大打出手。\u003C\u002Fp>\n \u003Cp style=\"margin-right: 16px;margin-left: 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;margin-top:0;margin-bottom:0;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">股市也跟着炸了锅：美股一个月内熔断4次，标普500指数跌去三成，万亿财富灰飞烟灭。\u003C\u002Fp>\n \u003Cp style=\"margin-right: 16px;margin-left: 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;margin-top:0;margin-bottom:0;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">我当时有个美股账户，本想着等市场崩盘了买买买。结果机会来了，我却没下手。\u003C\u002Fp>\n \u003Cp style=\"margin-right: 16px;margin-left: 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;margin-top:0;margin-bottom:0;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">因为连股神巴菲特都说「没见过」，打开新闻，全是空头\u003Cspan style=\"color:#646a73;\">（靠股票下跌获利）\u003C\u002Fspan>的狂欢和惊人的跌幅。在对未来的怀疑中，我犹豫等待。\u003C\u002Fp>\n \u003Cp style=\"margin-right: 16px;margin-left: 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;margin-top:0;margin-bottom:0;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">后来，全球央行联手降息「输血」，3月的恐慌底成了熊市终点，股市掉头向上。我站在原地，眼巴巴看着牛市走远。\u003C\u002Fp>\n \u003Cp style=\"margin: 16px 15px 0px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F7581d1a7-9f76-4f3c-9da0-810f2c38c415.jpg\">\u003C\u002Fp>\n \u003Cp style=\"text-align:center;margin: 0px 15px; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cspan style=\"color:#646a73;font-size: 14px;\">图源：美股账户\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;margin-top:0;margin-bottom:0;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">2021年底，我决定「打不过就加入」，把多数资金投进指数基金。不巧赶上美联储加息，2022年账户缩水15%。\u003C\u002Fp>\n \u003Cp style=\"margin-right: 16px;margin-left: 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;margin-top:0;margin-bottom:0;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">好在2023年经济没那么糟，AI热潮又推着科技股起飞，市场缓过劲儿来。直到最近的关税战，账户又挨了一刀。  \u003C\u002Fp>\n \u003Cp style=\"margin-right: 16px;margin-left: 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;margin-top:0;margin-bottom:0;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">不过，这回我心态稳多了，打算继续「躺平」。几次起落，我琢磨出2个道理——\u003C\u002Fp>\n \u003Csection>\n  \u003Cp style=\"margin-left:15px;margin-right:15px\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F44e9c7a8-b843-4fe4-9e83-76a84589e604.jpg\">\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Cp style=\"text-align:center;font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; line-height: 2em; margin-bottom: 16px; margin-left: 15px; margin-right: 15px;font-family:Optima-Regular, PingFangTC-light;\">\u003Cspan style=\"color: rgb(214, 168, 65);\">\u003Cstrong>02\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Csection>\n  \u003Cp style=\"margin-left:15px;margin-right:15px\">\u003Cstrong>\u003Cspan style=\"background-color: rgb(255, 218, 169);\">1.股市无法预测\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Cp style=\"margin-right: 16px;margin-left: 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;margin-top:0;margin-bottom:0;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px 16px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">《黑天鹅》的作者纳西姆·塔勒布，形象地将投资比作\u003Cstrong>打\u003C\u002Fstrong>\u003Cstrong>\u003Cstrong>台\u003C\u002Fstrong>球：\u003C\u002Fstrong>\u003C\u002Fp>\n \u003Cblockquote style=\"margin-right: 16px;margin-left: 16px;line-height: 2em;border-left: 2px solid #bbbfc4;color:#646A73;margin-inline-start: 0; padding-left: 16px;\">\n  \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 14px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">当你击中第一个球时，你可以非常确定它会去哪里。熟练的玩家可能控制第一个球，击中下一个球时会发生什么。但除此之外，事情太随机了。\u003C\u002Fp>\n \u003C\u002Fblockquote>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">2020年初，谁能想到病毒让市场崩溃？又谁能猜到「疫情底」是牛市起点？\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">下周大新闻很多，某个人的一句话，股价可能上天入地，但具体怎么走，没人猜得准。  \u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cspan style=\"background-color: rgba(254, 212, 164, 0.8);\">\u003Cstrong>2.闪电劈下来，你要在场\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">每隔几年，总会发生各种糟心事\u003Cspan style=\"color: rgb(100, 106, 115);\">（平均每6年一次下跌20%，最近五年2次）\u003C\u002Fspan>。但拉长时间看，股市大方向还是向上的。\u003C\u002Fp>\n \u003Csection>\n  \u003Cp style=\"margin-left:15px;margin-right:15px\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002Ff15258d4-f062-4450-9f0b-2641ef9c15d7.jpg\">\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Cp style=\"text-align:center;margin: 0px 15px 16px; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cspan style=\"color: rgb(100, 106, 115);font-size: 14px;\">图源：富达投资（1985-2024）\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">另外，涨幅最大和跌幅最大的几天，往往紧挨着。错过指数十年里涨幅最大的10天，你的回报率将会非常平庸\u003Cspan style=\"color: rgb(100, 106, 115);\">（少掉一半）\u003C\u002Fspan>。\u003C\u002Fp>\n \u003Csection>\n  \u003Cp style=\"margin-left:15px;margin-right:15px\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F970ec75d-286d-41ee-ab23-b2c98b07418c.jpg\">\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Cp style=\"text-align:center;margin: 0px 15px; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cspan style=\"color: rgb(100, 106, 115);font-size: 14px;\">图源：Hartford Funds\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;margin-top:0;margin-bottom:0;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">所以，长期投资的关键是，别被突发事件吓跑，留在场内才能享受回报。\u003C\u002Fp>\n \u003Csection>\n  \u003Cp style=\"margin-left:15px;margin-right:15px\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fd11c764b-f9d8-4776-87bc-bac40a6adbab.jpg\">\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Cp style=\"text-align:center;margin-bottom: 16px; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; line-height: 2em; margin-left: 15px; margin-right: 15px;font-family:Optima-Regular, PingFangTC-light;\">\u003Cspan style=\"color: rgb(214, 168, 65);\">\u003Cstrong>03\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"margin-bottom: 0px; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; line-height: 2em; margin-left: 15px; margin-right: 15px;font-family:Optima-Regular, PingFangTC-light;\">这次关税战，又让全球市场受到冲击：\u003C\u002Fp>\n \u003Cp style=\"margin-right: 16px;margin-bottom: 0px;margin-left: 16px;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;line-height: 2em;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin-bottom: 0px; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; line-height: 2em; margin-left: 15px; margin-right: 15px;font-family:Optima-Regular, PingFangTC-light;\">纳指从高点下跌22%，标普跌16%。明天A股开盘，跌幅可能不小\u003Cspan style=\"color: rgb(100, 106, 115);\">（美股中概股ETF上周五下跌9%）\u003C\u002Fspan>。  \u003C\u002Fp>\n \u003Cp style=\"margin-right: 16px;margin-left: 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;margin-top:0;margin-bottom:0;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">别误会，我不是喊你抄底，认为会跟2020年一样皆大欢喜。毕竟，上次美国政府是「拯救者」，\u003Cstrong>这次却成了引爆危机的导火索。\u003C\u002Fstrong>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">但疫情时的经验，依然有参考价值——  \u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cspan style=\"color: rgb(222, 120, 2);\">\u003Cstrong>1.场外赚钱的能力，决定场内的收益上限\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">长期投资最难的，就是把路走完。这需要源源不断的现金流，作为财务和心理上的支持。\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">股市或早或晚，能涨回来\u003Cspan style=\"color: rgb(100, 106, 115);\">（短则几月，长则几十年）\u003C\u002Fspan>，\u003Cstrong>可生活不能等\u003C\u002Fstrong>。所以别把所有希望压在投资上，好好工作才是「第一桶金」的根基。\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">另外，要当心的是，市场崩盘并不独立于经济而存在。当资产价格下跌时，会产生恶性的连锁反应，比如招聘冻结、大家不花钱了...这种负面循环会自我加剧。\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">所以，投资之前，先顾好本职工作，\u003Cstrong>同时预留充足的现金，比如6-12个月的生活开支\u003C\u002Fstrong>，以防万一\u003Cspan style=\"color: rgb(100, 106, 115);\">（如裁员）\u003C\u002Fspan>。\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cspan style=\"color: rgb(222, 120, 2);\">\u003Cstrong>2.做好资金、资产配置\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">之前股市不错，看到一些网友借钱炒股，这显然是用「错」的钱投资，遇到下跌，很容易给自己挖坑。\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">你可以参考\u003Cstrong>\u003Ca style=\"color: rgb(0, 82, 255);;color:#409eff\" href=\"https:\u002F\u002Fmp.weixin.qq.com\u002Fs?__biz=MjM5MzA3MjI2NQ==&mid=2650675041&idx=2&sn=73f7f6ea3aeda2b79651bb7c8989a8a9&scene=21#wechat_redirect\" target=\"_blank\">\u003Cspan style=\"color: rgb(0, 82, 255);\">财富水池\u003C\u002Fspan>\u003C\u002Fa>\u003C\u002Fstrong>模型——\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cul class=\" list-paddingleft-2\" style=\"margin:0px;padding:0 0 0 30px;list-style-position:outside;\">\n  \u003Cli>\u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cstrong>现金池\u003C\u002Fstrong>：日常开支\u003C\u002Fp>\u003C\u002Fli>\n  \u003Cli>\u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cstrong>保险池\u003C\u002Fstrong>：家庭保障\u003C\u002Fp>\u003C\u002Fli>\n  \u003Cli>\u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cstrong>目标池\u003C\u002Fstrong>：短期计划\u003C\u002Fp>\u003C\u002Fli>\n  \u003Cli>\u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cstrong>金鹅池\u003C\u002Fstrong>：长期投资\u003C\u002Fp>\u003C\u002Fli>\n \u003C\u002Ful>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">前三个池子填满后，再用闲钱去「钱生钱」。\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">金鹅池里也别All in股市，你可以搭配储蓄险、债券基金、现金这样的安全资产，降低整体波动。\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">格雷厄姆\u003Cspan style=\"color: rgb(100, 106, 115);\">（巴菲特老师）\u003C\u002Fspan>有个经典资产配置原则：\u003Cstrong>股票和安全资产的比例在25%-75%间灵活调整。\u003C\u002Fstrong>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">如果不想承担太多波动呢，把\u003Cstrong>安全资产\u003C\u002Fstrong>\u003Cspan style=\"color: rgb(100, 106, 115);\">（现金、储蓄险、债券基金）\u003C\u002Fspan>\u003Cstrong>的比重\u003C\u002Fstrong>，增加到7成；爱冒险的，安全资产也别少于三成。\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">让你睡得着觉的投资，才是好投资。比如那个美股账户，是我长期不用的钱，能放个20年以上，所以全「套牢」了也没事儿。\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cspan style=\"color: rgb(222, 120, 2);\">\u003Cstrong>3.计划你的交易，交易你的计划\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">在用长期闲钱投资的情况下，回到开头的2个问题：\u003Cstrong>我买的基金\u002F股票，要不要卖？现在大跌了，我该不该买点？\u003C\u002Fstrong>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">你不妨往下追问——\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">卖了，各国关税谈拢，市场一周后反弹，怎么办？\u003Cspan style=\"color: rgb(100, 106, 115);\">（类似2020年疫情）\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">买了，关税战升级，跌得更厉害怎么办？\u003Cspan style=\"color: rgb(100, 106, 115);\">（类似2008年金融危机，全球股市腰斩）\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">市场是无法预测的，尤其有特朗普这样的变量。唯一靠谱的，\u003Cspan style=\"background-color: rgb(255, 218, 169);\">\u003Cstrong>是\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cspan style=\"background-color: rgb(255, 218, 169);\">\u003Cstrong>为最坏的情况做足准备\u003C\u002Fstrong>\u003C\u002Fspan>——\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cstrong>1-评估目前自己的权益占比是否合适（如高了\u002F低了），万一遇到更大的跌幅\u003Cspan style=\"color: rgb(136, 136, 136);font-weight: normal;\">（如30%、50%+）\u003C\u002Fspan>，心理\u002F财务能不能抗住。\u003C\u002Fstrong>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">如果承受不住，可以适当卖出些股票，降降仓位；\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">如果心理能承受，财务有压力\u003Cspan style=\"color: rgb(136, 136, 136);font-weight: normal;\">（急需用钱）\u003C\u002Fspan>，可以优先变现货基、债券基金这样波动不大的安全资产，避免股票低点「割肉」。\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cstrong>2-不同策略的朋友，可以制定各自计划，比如：\u003C\u002Fstrong>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cstrong>定投党\u003C\u002Fstrong>：扣款日自动买，明天别打开账户，少刷新闻，正常上班，不让情绪乱了阵脚；\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cspan style=\"font-size: 14px;color: rgb(136, 136, 136);\">*拓展阅读：\u003C\u002Fspan>\u003Ca style=\"color: rgb(0, 82, 255);;color:#409eff\" href=\"https:\u002F\u002Fmp.weixin.qq.com\u002Fs?__biz=MjM5MzA3MjI2NQ==&mid=2650675782&idx=1&sn=48afdada12fa8b65b717eb1ff45e98f2&scene=21#wechat_redirect\" target=\"_blank\">\u003Cspan style=\"font-size: 14px;color: rgb(0, 82, 255);\">定投选哪天，最赚钱？\u003C\u002Fspan>\u003C\u002Fa>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cstrong>交易党\u003C\u002Fstrong>：今晚设好条件单，定好买卖点和金额；\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cstrong>没想法的朋友\u003C\u002Fstrong>：可以把这次波动当成一次练习的机会。让每一次的成功、失败都在完善你的逻辑。这样，无形的积累将来会在某一天爆发，带来丰厚的回报。\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">《金钱心理学》作者摩根·豪瑟尔说过：\u003Cspan style=\"color: rgb(222, 120, 2);\">\u003Cstrong>「过去每一次市场下跌，看起来都像机遇，未来的每一次下跌，看起来都像风险。」\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">一个人的投资生涯可能长达30年以上，不可能只靠闪躲来应对所有风险，上了擂台期望不挨打是不切实际的。\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">我们可以在开始时做好资金、心态、以及对底层资产了解的准备；过程中及时调整，找到最适合自己的节奏和方法，慢慢把路走完。\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px;line-height: 2em;font-size: 16px;letter-spacing: 1px;caret-color: rgb(51, 51, 51);visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family:Optima-Regular, PingFangTC-light;\">好啦，希望你少点焦虑，安心看待市场的起起落落~\u003C\u002Fp>\n\u003C\u002Fsection>","\u003Csection>\u003Cp style=\"margin: 0px 15px; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">之前和大家聊了聊关税战，这两天后台不断收到类似的留言：\u003C\u002Fp>\u003C\u002Fsection>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cstrong>我买的基金\u002F股票，要不要卖？现在大跌了，我该不该买点？\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">媒体铺天盖地的报道，加上市场的狂风骤雨，让我回想起五年前疫情刚爆发的日子。\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 1.5em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cspan style=\"font-size: 14px; background-color: rgb(255, 254, 213); color: rgb(255, 41, 65);\">*本文提到的指数仅供参考，不作为投资建议，投资有风险，决策需谨慎，请把决策权牢牢握在自己手中~\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cbr\u002F>\u003C\u002Fp>\u003Csection>\u003Cp style=\"margin-right: 15px; margin-left: 15px;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fmmbiz.qpic.cn\u002Fmmbiz_png\u002FAm8Qfs8miaLFP0y47k36rNGDhCM5HeemPTZzibYyT7q97SZBc8cEmoSejpfbhoCxlYgIzj9PyTM3oAzzaCIWbM5w\u002F640?wx_fmt=png\"\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Cp>\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin-right: 15px; margin-bottom: 16px; margin-left: 15px; text-wrap-mode: wrap; text-align: center; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; line-height: 2em; font-family: Optima-Regular, PingFangTC-light;\">\u003Cspan style=\"color: rgb(214, 168, 65);\">\u003Cstrong>01\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 15px; margin-bottom: 0px; margin-left: 15px; text-wrap-mode: wrap; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; line-height: 2em; font-family: Optima-Regular, PingFangTC-light;\">2020年初，疫情席卷全球，发生了许多难得一见的事情——\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">超市里，方便面、卫生纸被抢到断货，甚至有人大打出手。\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">股市也跟着炸了锅：美股一个月内熔断4次，标普500指数跌去三成，万亿财富灰飞烟灭。\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">我当时有个美股账户，本想着等市场崩盘了买买买。结果机会来了，我却没下手。\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">因为连股神巴菲特都说「没见过」，打开新闻，全是空头\u003Cspan style=\"color: rgb(100, 106, 115);\">（靠股票下跌获利）\u003C\u002Fspan>的狂欢和惊人的跌幅。在对未来的怀疑中，我犹豫等待。\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">后来，全球央行联手降息「输血」，3月的恐慌底成了熊市终点，股市掉头向上。我站在原地，眼巴巴看着牛市走远。\u003C\u002Fp>\u003Cp style=\"margin: 16px 15px 0px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fmmbiz.qpic.cn\u002Fsz_mmbiz_png\u002FAm8Qfs8miaLHbyj3dLvOv348Fticr5HlXs8FFIP2aMfrN4IAVaGaFOQ07zpc31yxPNuMjNKTdsxbWM2goPriavUIw\u002F640?wx_fmt=png&from=appmsg\"\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; text-align: center; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cspan style=\"color: rgb(100, 106, 115); font-size: 14px;\">图源：美股账户\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; text-wrap-mode: wrap; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">2021年底，我决定「打不过就加入」，把多数资金投进指数基金。不巧赶上美联储加息，2022年账户缩水15%。\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">好在2023年经济没那么糟，AI热潮又推着科技股起飞，市场缓过劲儿来。直到最近的关税战，账户又挨了一刀。  \u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">不过，这回我心态稳多了，打算继续「躺平」。几次起落，我琢磨出2个道理——\u003C\u002Fp>\u003Cp>\u003Cbr\u002F>\u003C\u002Fp>\u003Csection>\u003Cp style=\"margin-right: 15px; margin-left: 15px;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fmmbiz.qpic.cn\u002Fmmbiz_png\u002FAm8Qfs8miaLFP0y47k36rNGDhCM5HeemPTZzibYyT7q97SZBc8cEmoSejpfbhoCxlYgIzj9PyTM3oAzzaCIWbM5w\u002F640?wx_fmt=png\"\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Cp>\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin-right: 15px; margin-bottom: 16px; margin-left: 15px; text-wrap-mode: wrap; text-align: center; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; line-height: 2em; font-family: Optima-Regular, PingFangTC-light;\">\u003Cspan style=\"color: rgb(214, 168, 65);\">\u003Cstrong>02\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cbr\u002F>\u003C\u002Fp>\u003Csection>\u003Cp style=\"margin-right: 15px; margin-left: 15px;\">\u003Cstrong>\u003Cspan style=\"background-color: rgb(255, 218, 169);\">1.股市无法预测\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fp>\u003C\u002Fsection>\u003Cp>\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">《黑天鹅》的作者纳西姆·塔勒布，形象地将投资比作\u003Cstrong>打\u003C\u002Fstrong>\u003Cstrong>\u003Cstrong>台\u003C\u002Fstrong>球：\u003C\u002Fstrong>\u003C\u002Fp>\u003Cblockquote style=\"text-wrap-mode: wrap; margin-right: 16px; margin-left: 16px; line-height: 2em; border-left: 2px solid rgb(187, 191, 196); color: rgb(100, 106, 115); margin-inline-start: 0; padding-left: 16px;\">\u003Cp style=\"margin: 0px 15px; line-height: 2em; font-size: 14px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">当你击中第一个球时，你可以非常确定它会去哪里。熟练的玩家可能控制第一个球，击中下一个球时会发生什么。但除此之外，事情太随机了。\u003C\u002Fp>\u003C\u002Fblockquote>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">2020年初，谁能想到病毒让市场崩溃？又谁能猜到「疫情底」是牛市起点？\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">下周大新闻很多，某个人的一句话，股价可能上天入地，但具体怎么走，没人猜得准。  \u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cspan style=\"background-color: rgba(254, 212, 164, 0.8);\">\u003Cstrong>2.闪电劈下来，你要在场\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">每隔几年，总会发生各种糟心事\u003Cspan style=\"color: rgb(100, 106, 115);\">（平均每6年一次下跌20%，最近五年2次）\u003C\u002Fspan>。但拉长时间看，股市大方向还是向上的。\u003C\u002Fp>\u003Cp>\u003Cbr\u002F>\u003C\u002Fp>\u003Csection>\u003Cp style=\"margin-right: 15px; margin-left: 15px;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fmmbiz.qpic.cn\u002Fsz_mmbiz_png\u002FAm8Qfs8miaLHbyj3dLvOv348Fticr5HlXsXViayByjNurZib0HiajK5y9fE1q94HQosCJdzebUgsFupgZdymz3PfTHQ\u002F640?from=appmsg\"\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Cp>\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px 16px; text-wrap-mode: wrap; text-align: center; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cspan style=\"color: rgb(100, 106, 115); font-size: 14px;\">图源：富达投资（1985-2024）\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">另外，涨幅最大和跌幅最大的几天，往往紧挨着。错过指数十年里涨幅最大的10天，你的回报率将会非常平庸\u003Cspan style=\"color: rgb(100, 106, 115);\">（少掉一半）\u003C\u002Fspan>。\u003C\u002Fp>\u003Cp>\u003Cbr\u002F>\u003C\u002Fp>\u003Csection>\u003Cp style=\"margin-right: 15px; margin-left: 15px;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fmmbiz.qpic.cn\u002Fsz_mmbiz_png\u002FAm8Qfs8miaLHbyj3dLvOv348Fticr5HlXsgqfGE6uqJ0b3KvTAzDC3YrA4rBGv5aZNiaQTo8yNVdLvhgu7vAvaLFw\u002F640?from=appmsg\"\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Cp>\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; text-align: center; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cspan style=\"color: rgb(100, 106, 115); font-size: 14px;\">图源：Hartford Funds\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; text-wrap-mode: wrap; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">所以，长期投资的关键是，别被突发事件吓跑，留在场内才能享受回报。\u003C\u002Fp>\u003Cp>\u003Cbr\u002F>\u003C\u002Fp>\u003Csection>\u003Cp style=\"margin-right: 15px; margin-left: 15px;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fmmbiz.qpic.cn\u002Fmmbiz_png\u002FAm8Qfs8miaLFP0y47k36rNGDhCM5HeemPTZzibYyT7q97SZBc8cEmoSejpfbhoCxlYgIzj9PyTM3oAzzaCIWbM5w\u002F640?wx_fmt=png\"\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Cp>\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin-right: 15px; margin-bottom: 16px; margin-left: 15px; text-wrap-mode: wrap; text-align: center; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; line-height: 2em; font-family: Optima-Regular, PingFangTC-light;\">\u003Cspan style=\"color: rgb(214, 168, 65);\">\u003Cstrong>03\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 15px; margin-bottom: 0px; margin-left: 15px; text-wrap-mode: wrap; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; line-height: 2em; font-family: Optima-Regular, PingFangTC-light;\">这次关税战，又让全球市场受到冲击：\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-bottom: 0px; margin-left: 16px; text-wrap-mode: wrap; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; line-height: 2em; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin-right: 15px; margin-bottom: 0px; margin-left: 15px; text-wrap-mode: wrap; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; line-height: 2em; font-family: Optima-Regular, PingFangTC-light;\">纳指从高点下跌22%，标普跌16%。明天A股开盘，跌幅可能不小\u003Cspan style=\"color: rgb(100, 106, 115);\">（美股中概股ETF上周五下跌9%）\u003C\u002Fspan>。  \u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">别误会，我不是喊你抄底，认为会跟2020年一样皆大欢喜。毕竟，上次美国政府是「拯救者」，\u003Cstrong>这次却成了引爆危机的导火索。\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">但疫情时的经验，依然有参考价值——  \u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cspan style=\"color: rgb(222, 120, 2);\">\u003Cstrong>1.场外赚钱的能力，决定场内的收益上限\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">长期投资最难的，就是把路走完。这需要源源不断的现金流，作为财务和心理上的支持。\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">股市或早或晚，能涨回来\u003Cspan style=\"color: rgb(100, 106, 115);\">（短则几月，长则几十年）\u003C\u002Fspan>，\u003Cstrong>可生活不能等\u003C\u002Fstrong>。所以别把所有希望压在投资上，好好工作才是「第一桶金」的根基。\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">另外，要当心的是，市场崩盘并不独立于经济而存在。当资产价格下跌时，会产生恶性的连锁反应，比如招聘冻结、大家不花钱了...这种负面循环会自我加剧。\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">所以，投资之前，先顾好本职工作，\u003Cstrong>同时预留充足的现金，比如6-12个月的生活开支\u003C\u002Fstrong>，以防万一\u003Cspan style=\"color: rgb(100, 106, 115);\">（如裁员）\u003C\u002Fspan>。\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cspan style=\"color: rgb(222, 120, 2);\">\u003Cstrong>2.做好资金、资产配置\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">之前股市不错，看到一些网友借钱炒股，这显然是用「错」的钱投资，遇到下跌，很容易给自己挖坑。\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">你可以参考\u003Cstrong>\u003Ca href=\"https:\u002F\u002Fmp.weixin.qq.com\u002Fs?__biz=MjM5MzA3MjI2NQ==&mid=2650675041&idx=2&sn=73f7f6ea3aeda2b79651bb7c8989a8a9&scene=21#wechat_redirect\" target=\"_blank\" style=\"color: rgb(0, 82, 255);\">财富水池\u003C\u002Fa>\u003C\u002Fstrong>模型——\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cul class=\" list-paddingleft-2\" style=\"width: 730.229px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; text-wrap-mode: wrap; list-style-position: outside;\">\u003Cli>\u003Cp style=\"margin: 0px 15px; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cstrong>现金池\u003C\u002Fstrong>：日常开支\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp style=\"margin: 0px 15px; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cstrong>保险池\u003C\u002Fstrong>：家庭保障\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp style=\"margin: 0px 15px; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cstrong>目标池\u003C\u002Fstrong>：短期计划\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp style=\"margin: 0px 15px; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cstrong>金鹅池\u003C\u002Fstrong>：长期投资\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">前三个池子填满后，再用闲钱去「钱生钱」。\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">金鹅池里也别All in股市，你可以搭配储蓄险、债券基金、现金这样的安全资产，降低整体波动。\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">格雷厄姆\u003Cspan style=\"color: rgb(100, 106, 115);\">（巴菲特老师）\u003C\u002Fspan>有个经典资产配置原则：\u003Cstrong>股票和安全资产的比例在25%-75%间灵活调整。\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">如果不想承担太多波动呢，把\u003Cstrong>安全资产\u003C\u002Fstrong>\u003Cspan style=\"color: rgb(100, 106, 115);\">（现金、储蓄险、债券基金）\u003C\u002Fspan>\u003Cstrong>的比重\u003C\u002Fstrong>，增加到7成；爱冒险的，安全资产也别少于三成。\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">让你睡得着觉的投资，才是好投资。比如那个美股账户，是我长期不用的钱，能放个20年以上，所以全「套牢」了也没事儿。\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cspan style=\"color: rgb(222, 120, 2);\">\u003Cstrong>3.计划你的交易，交易你的计划\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">在用长期闲钱投资的情况下，回到开头的2个问题：\u003Cstrong>我买的基金\u002F股票，要不要卖？现在大跌了，我该不该买点？\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">你不妨往下追问——\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">卖了，各国关税谈拢，市场一周后反弹，怎么办？\u003Cspan style=\"color: rgb(100, 106, 115);\">（类似2020年疫情）\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">买了，关税战升级，跌得更厉害怎么办？\u003Cspan style=\"color: rgb(100, 106, 115);\">（类似2008年金融危机，全球股市腰斩）\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">市场是无法预测的，尤其有特朗普这样的变量。唯一靠谱的，\u003Cspan style=\"background-color: rgb(255, 218, 169);\">\u003Cstrong>是\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cspan style=\"background-color: rgb(255, 218, 169);\">\u003Cstrong>为最坏的情况做足准备\u003C\u002Fstrong>\u003C\u002Fspan>——\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cstrong>1-评估目前自己的权益占比是否合适（如高了\u002F低了），万一遇到更大的跌幅\u003Cspan style=\"color: rgb(136, 136, 136); font-weight: normal;\">（如30%、50%+）\u003C\u002Fspan>，心理\u002F财务能不能抗住。\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">如果承受不住，可以适当卖出些股票，降降仓位；\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">如果心理能承受，财务有压力\u003Cspan style=\"color: rgb(136, 136, 136);\">（急需用钱）\u003C\u002Fspan>，可以优先变现货基、债券基金这样波动不大的安全资产，避免股票低点「割肉」。\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cstrong>2-不同策略的朋友，可以制定各自计划，比如：\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cstrong>定投党\u003C\u002Fstrong>：扣款日自动买，明天别打开账户，少刷新闻，正常上班，不让情绪乱了阵脚；\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cspan style=\"font-size: 14px; color: rgb(136, 136, 136);\">*拓展阅读：\u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fmp.weixin.qq.com\u002Fs?__biz=MjM5MzA3MjI2NQ==&mid=2650675782&idx=1&sn=48afdada12fa8b65b717eb1ff45e98f2&scene=21#wechat_redirect\" target=\"_blank\" style=\"color: rgb(0, 82, 255);\">\u003Cspan style=\"font-size: 14px;\">定投选哪天，最赚钱？\u003C\u002Fspan>\u003C\u002Fa>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cstrong>交易党\u003C\u002Fstrong>：今晚设好条件单，定好买卖点和金额；\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cstrong>没想法的朋友\u003C\u002Fstrong>：可以把这次波动当成一次练习的机会。让每一次的成功、失败都在完善你的逻辑。这样，无形的积累将来会在某一天爆发，带来丰厚的回报。\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">《金钱心理学》作者摩根·豪瑟尔说过：\u003Cspan style=\"color: rgb(222, 120, 2);\">\u003Cstrong>「过去每一次市场下跌，看起来都像机遇，未来的每一次下跌，看起来都像风险。」\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">一个人的投资生涯可能长达30年以上，不可能只靠闪躲来应对所有风险，上了擂台期望不挨打是不切实际的。\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">我们可以在开始时做好资金、心态、以及对底层资产了解的准备；过程中及时调整，找到最适合自己的节奏和方法，慢慢把路走完。\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr\u002F>\u003C\u002Fp>\u003Cp style=\"margin: 0px 15px; text-wrap-mode: wrap; line-height: 2em; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light;\">好啦，希望你少点焦虑，安心看待市场的起起落落~\u003C\u002Fp>\u003Cp>\u003Cbr\u002F>\u003C\u002Fp>","2025-04-08 06:25:00","2025-04-07 08:35:41",100,0,"liuweixin@jane7.com","renqiang@jane7.com","2025-04-07 08:35:47",168,false,16900,"1038002",5,[],[],[],[],[]]