" the future of investor" is shrewd to want

Carry outBUY-HOLDStrategy melts

It is ordinary and quiet ( development slow

The trap of growth rate: Profession and the burgeoning company of fast development even the investment returns of country often differs from very much. Only when growth rate then can have high repayment when exceeding the too optimistic expectation of investor, otherwise, is trap, because investor passes high price to increase to pay , and creates the benefit major consumer's dangerous investor as well as domestic investment bank of flow direction of soft breeze that brings , enterprise can not also often get many benefits, because competition is too intense, enterprise has to let benefit.

Investment returns does not rely on high increase , and depends on reality to increase whether exceed the expectation of investor ( investor profit basic principle, the grant of dividend and make investment again can magnify the role of this principle. ).

The labourer force of developing country will be tasted for the manufacturer of old man of developed country, at the same time, the investor of developing country will purchase the asset of the elderly of developed country

Under long-term condition, the profit of

Dividend is the

Company's bad news,

Continued higher growth

Possess pharmacy enterprise

Good enterprise possesses the most of expressions: Summary is higher than in average horizontal fair dividend rate and the price/earning ratio of average level , is higher than the long-term profit growth rate of average level , this is the feature of flagship enterprise( the quantity of concentrated force main business, the service and product offered customer needs). In which, have no science and technology or telecommunications kind of company

The investment returns

It is clear to develop prospect and does not signify to be able to bring obvious profit for investor. Investing in contraction or the expansion of this department and the earning rate of certain department have not contacted obviously

When making investment for a long

The department of daily use of consumer goods has trained many famous company of old brand , stabilizes very much. But the non necessary department of consumer goods( automobile, hotel, department store, amusement etc.) has gone through too many confusion and is upheaval. Only in the not necessary department of consumer goods, the principle of " creative destruction " just applies to investment field really- - -The profit that new company offers really exceeds old company. The company in this department can not guarantee product quality, therefore is nearly impossible to also cultivate the loyalty of consumer. They ignore competition.

When plenty of new companies enter certain field,

For a long period, see1/3Related to atrophy or the expansion2/3

In a profession, new company's earning rate is often lower than old company. When profession expands fast, the rate of investment returns of the new company that enters profession index is especially low

Do not like your stock , look out

In foam, the

When discovering

IPOInvestment combination not only

It is two different matters that economy has increased profit increase. The development of productivity may be the poison of profit and stock value. The development of science and technology can not guarantee Gao E profit and rich profit. Because of science and technology can not quilt few enterprise monopoly, when many enterprises adopt , profit has reduced. For those best companies, the role of science and technology is less important. It is outstanding to manage ( contain culture ) invest in profit for Gao E is more important

The stock market expression of highest capital expense is most lacked , signifies the destruction of value and the disappearance of profit after high capital expense. The changes of technical condition and consumer's demand may make the expense of today invalid

A company that gets more share in a profession of not former stagnation( raise production as far as possible efficiency and reduction cost, training core competitiveness) than a in the profession of a fast increase the company that struggles to protect market share good is many

Pay attention

High dividend grant rate signifies high profit. Stock investment profit unique most come from dividend makes investment again. Dividend is the important contact between company's profit and stock value. Read stock , cash rate of flow is dividend instead of profit.

Possess the company of plenty of fund input and good increase opportunity to often become fund hollow, total sale is lower than cash the company that preserves will also look out. Give the company of shareholder extra cash to be worth for more to pay attention to. Shareholder and management level are highly consistent also again investment returns may just send dividend less very much it is high, for example Palestinian not special company.

Dividend has not only increased the profit of

Dividend not only when in inflation, increase as well as value level change difference plays the part of buffer role, and still reducing inflation, increase as well as value level the combined influence of change.

If share price fall has exceeded dividend to be declining range, dividend earning rate will go up. If be able to stand , it is too big and desolate , repayment will be very good. In bear market, cut meat person to often become home that loses. Though market period lets investor exhaust , is shrewd to exhaust to consider , but can create wealth for long-term investor. This kind of profit is gotten through assurance market , but passes through dividend to make investment again to get.

Bear market is not only period of investor pain, is still very high for investor to make investment again through dividend to get the major reason of repayment. Stock earning rate not only depends on profit and dividend , still depends on investor to flow out the price of payment for these cashes. When stock holds person for market pessimistic, those investors of the stock held to pay dividend become big winner.

Bear market dividend makes investment again may accumulate more stock mitigate the decrease of investment combination value, so, it is the protective umbrella of bear market. When market picks up , these extra stocks can raise future earning rate substantially , become profit accelerator. This has also effective stock only for entire market and sheet

The stock of grant dividend shows better after experience passes market period cycle, because carry out dividend the investor that makes investment again when bear market has accumulated more stock. The more dividend earning rate is high, the more it is short that investor remedies the time needed by loss.

Dividend makes investment

The more the speculation

Researching and developing cost

Dividend is

If population do not increase with profit,

The raising of productivity elephant raising worker quantity the same have offseted the population that aged tide arouses is not balanced , but raise savings ratio is not large for raising productivity influence.

The raising of productivity major

It is not the method of solving