投资中的两重考验｜投资小知识

Core Viewpoint - The article discusses the challenges and psychological hurdles investors face during market fluctuations, particularly during the transition from bear to bull markets, emphasizing the importance of patience and experience in investment strategies [2][3][6]. Group 1: Market Performance and Investor Behavior - The market experienced significant growth from a low of 5.9 stars to around 3.x stars by early January 2026, indicating a recovery phase where pessimistic sentiments decreased [3]. - Many investors began to realize profits during the market upturn in 2025, but the initial recovery phase was challenging as investors often felt compelled to sell once they broke even [4][5]. - By the end of Q2 2025, a dense recovery phase was noted, with many investors seeing average returns increase as the market continued to rise in Q3 [5]. Group 2: Investor Challenges and Learning - Investors faced two main tests: the initial recovery from losses and the temptation to sell upon breaking even, which many failed to navigate successfully [4][6]. - Research indicated that approximately 36.6% of fund investors were still at a loss by the end of Q3 2025, highlighting the prevalence of losses despite overall market gains [6]. - Investors who endured the bear market from 2022 to 2026 gained valuable experience, understanding the risks of market volatility and the benefits of holding undervalued investments for the long term [7].