Qiu Guogen was born in Pingshui Town, Shaoxing County, Zhejiang Province. His father is a veteran. 65438-0987 was admitted to the Investment Economics Department of Renmin University of China. This popular major does not teach securities investment, and the courses are mainly project evaluation, bidding and so on. China's state-owned economy is transforming from a planned system, which is very necessary.
199 1 year, Qiu Guogen was admitted to the graduate school of this department, and something happened that deeply affected him. As soon as he entered the school, Teacher Lu Zhongyun asked him to organize people to write books. This book is called "A Complete Collection of Stocks and Bonds", with a plan of 3 million words. It was planned by Dr. Wu Xiaoqiu from the Economic Research Institute and edited by Jin Jiandong. At that time, Shanghai Stock Exchange and Shenzhen Stock Exchange had just started to operate, and there were no similar books on the market.
Qiu Guogen spent five months looking for information in the library every day. In the era without computers and networks, "eight or nine thousand words are often written in a day on holidays", and one person has completed nearly 6,543.8+0,000 words. Although he wrote it, you need to understand this knowledge first, and the system framework of the book is complete, so Qiu Guogen systematically mastered the basic knowledge of securities investment. At the end of 1992, Qiu Guogen and his elder brother went to Shenzhen to work on behalf of the department. For the first time, they heard students describe the lively stock trading. At this time, there were no more than 50 stocks traded in Shanghai and Shenzhen stock markets, but after writing a book, he was deeply interested.
Qiu Guogen's first job did not immediately involve himself in the securities industry. 1993, Qiu Guogen, who graduated early, was hired by Shenzhen Special Economic Zone Development Company with government background and assigned to the development department to do projects, which was enviable at that time. Soon, Tefa established a joint venture with Junan Securities, and Zhang Guoqing Ai Cai, president of Junan, sent him away. From the famous Tefa to Junan, which has just been established for less than a year, Qiu Guogen's investment career started from Junan's own traders, although reluctantly.
When he graduated, Qiu Guogen had 30,000 yuan in savings. In addition to the manuscript fee of 6.5438+0 million words, he also earned some income by running classes and attending classes, which was a huge sum at that time. He returned to his hometown and married Luo Yi, whom he met in high school. When he arrived in Shenzhen, he only spent 65438+ 10000 yuan. His sister worked as an accountant in Shaoxing township enterprises and gave him more than 30 thousand yuan in savings to take care of. This 50,000 yuan is the starting point of Qiu Guogen's personal investment.
From 1993 to 1994, China stock market experienced a big expansion, with a large number of new shares issued and the index soaring and plunging. By the end of 1995, Qiu Guogen had accumulated a certain amount and decided to resign and start a business. /kloc-0 registered Yima Investment in Shenzhen at the end of 1996 and took over the asset management business in the circle of acquaintances. The name of the company comes from the surnames of Luo Yi and his wife.
In Qiu Guogen's memory, there were only two bull markets in China, namely 1996- 1997 and 2006-2007. He was lucky enough to seize these two opportunities, during which his wealth exploded. In the first bull market, he achieved an increase of nearly 20 times; In the following eight years, it increased eightfold; From 2006 to now, his wealth has increased nearly 20 times.
Qiu Guogen concluded that investment depends on compound growth, but the growth is uneven. Only when the opportunity comes can we seize it, and when there is no opportunity can we hold it and achieve long-term satisfactory compound growth. The opportunity has come, and the rate of return is very important. He believes that his success lies in not only paying attention to frequency, but ignoring speed. Some investors may win 9 times in the investment of 10, but the total rate of return is only 15%, while some investors lose 8 times and only win 2 times, but the total rate of return may be 70%.
In two bull markets, Qiu Guogen has a clear thinking and a clear main line. First of all, to judge what a bull market is, the classic bull market he recognized is "the price rises with the growth of performance", "investors make profits repeatedly, the demonstration effect of making money is obvious, and the market momentum is like a rainbow". Secondly, the bull market or economic improvement is ultimately achieved by investing in companies and tapping the main line companies.
In 1996- 1997, his main investment varieties were Ji Shen A, Sichuan Changhong and Shenzhen Development A. In 2006-2007, his main line was brokerage, finance and real estate, and he invested in Jilin Aodong, Changjiang Power, Baiyun Airport, China Merchants Bank and Industrial and Commercial Bank, among which Vanke A had the heaviest position.
In Qiu Guogen's view, it is important to obtain excess returns in a bull market, but it is more important to maintain good performance in a bear market and obtain normal profits in a balanced city. But for most investors, it is difficult to have both. In the eight years between two bull markets, Qiu Guogen achieved a compound annual growth rate of nearly 30%. He also did an important thing. 200 1 Registered Shanghai Yige Asset Management Co., Ltd. (renamed Shanghai chongyang investment Co., Ltd. in 2006) and moved its business center from Shenzhen to Shanghai.