Because the fund decline in 2021 is very scary, we can look at Kweichow Moutai. The highest price reached 2,600 yuan per share, but as of now, it has fallen below 2,000 yuan. This drop is unacceptable to many people. The sharp drop of Kweichow Moutai also led to the sharp drop of some funds. For example, China Merchants China Securities Liquor Co., Ltd. has fallen by thirty or forty points. What is very interesting is that many new investors started buying funds after the year. The market conditions during that period were not that bad. After a while, the funds began to fall crazily. Fuguo Tianhui, which is known for its stability, also lost more than ten points. You can imagine how big this retracement wave was. Old Christians have begun to buy debt funds, while new Christians still inexplicably trust those group stocks. As a result, they were educated by group stocks. Many people bought funds from star fund managers such as Li You, Zhang Kun, Ge Lan, Hou Hao, Liu Yanchun, etc. The final result was a sharp decline, so this year’s funds The people were very miserable.

When I was in some fund exchange groups, I saw their fund loss rates. Those who have more principal lose more. One day they lose a few thousand, and another day they lose a few hundred. Combined with our psychology, when we buy funds, we see the craze of funds and feel that we can make more money. However, anyone who knows funds knows that this period is definitely not a good period to buy funds. Many old funds have sold all their shares before the New Year and only buy a small amount after the New Year, thus minimizing the loss rate. New Christians have no such experience. They have always listened to the big Vs on various platforms and followed them to invest. As a result, I didn’t have as much money and experience as a big V, and I ended up losing a lot. There is also the situation of selling one's own things in order to replenish one's own funds.

So the terrible losses suffered by the New Basic People were entirely caused by the market. The loss rate is really high, even for me, but I have a strong tolerance and don’t want to clear my position.