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两大指数走势极端分化,投资者如何应对?
Zheng Quan Shi Bao·2025-10-12 22:54

Core Insights - The A-share market has shown extreme divergence in performance this year, with the Sci-Tech 100 Index rising over 60% while the Dividend Index has fallen nearly 8%, resulting in a nearly 70% difference between the two indices [1][2] - Approximately 500 stocks have doubled in value this year, accounting for nearly 10% of the market, indicating significant opportunities for investors [2] Market Performance - The Sci-Tech 100 Index and Sci-Tech 50 Index have increased by 61% and 56% respectively, while the Dividend Index has decreased by 7.19% [2] - The price-to-earnings ratios for the Sci-Tech 100 and Sci-Tech 50 indices are 300x and 200x, respectively, compared to just 7.5x for the Dividend Index [2] Investor Behavior - Many investors experience feelings of regret and jealousy when they miss out on high-performing stocks, which can lead to irrational investment decisions [2][3] - The mindset that others' gains equate to personal losses can be detrimental, causing investors to chase returns blindly [2][3] Investment Principles - Successful investing is not about achieving the highest returns but about reaching financial goals with the least risk [3][4] - Legendary investors emphasize the importance of adhering to fundamental investment principles, such as valuing stocks based on the underlying business rather than market price fluctuations [5][6][7] - Maintaining a critical mindset and emotional discipline is crucial for long-term investment success, regardless of market conditions [7]