Core Viewpoint - The article emphasizes the importance of patience and strategic investment during a bull market, particularly for investors who missed earlier entry points. It advocates for a cautious approach to avoid chasing high prices and suggests waiting for market corrections to establish positions [2][3][6]. Group 1: Investment Principles - The primary principle is to prioritize minimizing losses over maximizing gains in a bull market, especially for those who did not invest at lower market levels [2]. - Investors are encouraged to adopt a slow and steady approach, waiting for market corrections rather than rushing to enter the market [3][4]. - Establishing a standard position size based on risk tolerance and expected returns is crucial, with recommendations to invest gradually over time [5]. Group 2: Market Behavior and Strategy - The article notes that increased participation from retail investors can lead to greater market volatility, which presents both risks and opportunities [3]. - It suggests that during market corrections, investors should consider building a foundational position, investing a portion of available funds based on market conditions [5]. - The approach aims to help investors adapt to market fluctuations and avoid the pitfalls of emotional trading [6][7]. Group 3: Long-term Perspective - The article highlights that investors who missed the initial market rally should not feel pressured to enter at high points, and it may be wiser to wait for a more favorable entry [6]. - It stresses the importance of maintaining discipline and recognizing that not participating in a bull market can sometimes be the best strategy [6][7].

Core Viewpoint - The article discusses the characteristics of the investment "second half," emphasizing that while it may offer quicker profits, it also carries the risk of faster losses, making it more challenging than the "first half" of investments [1][2][3]. Investment Characteristics - The "first half" of investments is characterized by a difficult environment where short-term profits are unlikely, but long-term gains are probable. In contrast, the "second half" is marked by a heated market where short-term profits may be achievable, but long-term outcomes are uncertain [1][2]. - The investment "second half" resembles a competitive sports match, where not only skill but also endurance and mindset play crucial roles, making it more difficult [3]. Investment Behavior - Successful investment is not solely dependent on market conditions but rather on individual investment behavior. Correct investment strategies can yield profits even in stagnant markets, while incorrect strategies can lead to losses even in bull markets [4][5]. Recommended Investment Strategies - Investors should either enter the market early or refrain from entering altogether. The best time to invest is now if one has not yet done so, emphasizing the importance of discipline in market participation [7][8]. - When entering the market, investors should avoid starting with a low base position, as this can lead to structural weaknesses in their investment strategy [10][11]. - Investors should refrain from adding to their positions too easily as the market rises, which can lead to emotional decision-making and potential losses [12]. - Once invested, it is advisable to embrace market fluctuations and avoid exiting prematurely unless necessary for liquidity or strategic reallocation [13][14].