【Adam Khoo】美联储换帅，凯文·沃什将震惊市场

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八年之后

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凯文·沃尔什

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他正在利用人工智能大幅激进地降息

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这对市场意味着什么

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这对你的投资组合意味着什么

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让我们一探究竟

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U

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美国股市几乎每两周就创出新高

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标普500指数今年以来上涨超过8%

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我的投资组合表现不错

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年初经历了一段回撤

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年初阶段

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我的投资组合今年以来上涨16%

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事实上

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在过去的月份里

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他们说逢高卖出

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五月离场

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投资组合上涨了四点

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五一点一百分比仅在过去一个月

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市场为何持续飙升

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主要有两个原因

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首先是企业盈利远超预期

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刚刚就职的凯文·沃尔什

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大家都知道

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在特朗普首个任期内

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他已经任职八年

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但在特朗普第二个任期

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正如大家所知

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特朗普一直在不断

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贬低他

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侮辱他

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说他是个老古董、蠢货

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为什么特朗普如此指责

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或指责沃尔克

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要求降息

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但鲍威尔拒绝降息

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因为他的论点是如果降息

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通胀就会卷土重来

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我们都会遭殃

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这就是特朗普任命凯文·沃尔什接任的原因

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执行他的指令

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尽管他声称要保持独立

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是的

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好吧

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总之

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这对市场是重大影响吗

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我认为是的

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让我解释原因

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所以

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在他就职之前

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他一直在电视上接受采访

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并且一直在为激进降息设置舆论框架

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他一直在主张激进降息

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现在

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你可能会问如何降息

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当通胀仍然很高时

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当股市处于历史高位时

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他是不是疯了呢

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嗯

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让我解释他的论点

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我们知道美联储政策传统上遵循

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在经济高速增长时

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高增长可能引发通胀

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因此美联储需要维持或提高利率以抑制通胀

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这就是传统经济模型

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而沃尔什现在主张规则已改变

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我们将迎来新的政策转向

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他的论点是这次情况不同

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因为这次我们迎来了AI革命

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AI生产力爆发

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如今企业可以用更少投入生产更多商品

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用更少员工和资源

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产能大幅提升

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这会提高企业生产力

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大幅降低企业成本

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减少企业开支

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最终企业能降低产品价格

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这将导致结构性通缩

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但他认为在这个新世界

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经济可强劲增长而不引发通胀

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他预计即将出现价格结构性下跌

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现在不妨提前降息

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在价格下跌前

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但目前的问题是

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价格尚未下跌

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当前通胀依然顽固

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最新CPI和PPI数据高于预期

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但他认为

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所有通胀指标都反映过去

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都是滞后的

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我们需要提前行动

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现在必须立即降息以防价格下跌

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如果他真的按此执行

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并很快启动降息

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股市会怎样变化

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哪些股票将受益

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哪些股票将受损

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嗯

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让我们看看可能发生什么

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首先

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谁是赢家

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如果他大幅降息

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房地产股

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尤其是科技股

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将会是巨大赢家对吧

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因为利率降低

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加上AI利润率飙升，这对这些长期增长型公司将是巨大利好

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像这些传统巨头公司

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没错

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你的英伟达

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你的谷歌

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你的帕兰提尔

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你的帕洛阿尔托

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如果降息这些将继续疯狂上涨

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但哪些股票可能成为输家

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如果降息

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但通胀未如预期下降

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且通胀仍高企

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这些实体企业将陷入危险

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现在

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什么是实体企业

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这些是制造业

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物流业

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运输业

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比如航空公司

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比如邮轮公司

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呃

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消费稳定型公司

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它们属于高风险类别

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因为这些企业可能被当前能源和大宗商品成本挤压

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这些公司成本高昂

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大宗商品能源成本

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这些成本因通胀上涨

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但无法快速获益于AI

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生产力提升的速度

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利润空间可能被压垮

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像联邦快递、UPS

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达美航空

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事实上所有航空公司都将陷入困境

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这

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我在想为什么伯克希尔哈撒韦

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我们刚再次买入达美航空

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我不明白为什么克罗格

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这家超市连锁

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杜邦化工

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呃

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汽车制造商将受到重创

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尤其是我与通用汽车的斗争

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传统汽车制造商

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嗯

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你知道的

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像Target和嘉年华这样的实体零售店

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邮轮公司

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所有这些都可能因通胀激增而受到负面影响

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那债券怎么样

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嗯

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众所周知

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长期债券持续下跌

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比如观察TLT

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这是长期债券指数

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TLT目前正在暴跌

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如果这种情况发生

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情况会更糟

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好的

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这对长期债券非常利空

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尤其是久期超过八年的长期国债

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因为如果债券市场认为美联储降息过快

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陷入能源危机

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陷入高通胀

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长期收益率将继续飙升

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长期收益率上升

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我的意思是

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长期债券价格将继续下跌

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TLT

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这对长期债券再次非常利空

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但对于短期和中期债券

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实际上是看涨的

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因为它们能捕捉降息带来的收益

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因为美联储无法控制收益率曲线长端

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美联储无法控制长期利率

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其影响仅控制短期利率

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联邦基金利率

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短期债券

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如一年期债券

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两年期债券

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五年期债券

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更与联邦基金利率同步

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这些将捕捉降息带来的收益

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它们将上涨

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收益率下降且不受长期通胀陷阱影响

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作为投资者

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这对我们的投资组合意味着什么

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众所周知市场有很多讨论

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市场估值过高

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这是泡沫

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应远离市场

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当然我们知道缓冲

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当然很紧张

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但Butcher Heather Way正手握4000亿美元现金在场外观望

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许多人正在关注这一点

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并持续关注这一动态

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你知道的

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持有场外观望的现金

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不敢贸然入场或退出市场

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在这种新局势下

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这对这些人意味着什么

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我必须承认是的

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如果你留在市场中

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存在风险

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留在市场始终有风险

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尤其是持有严重高估的股票时

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但再次强调

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正如我之前所说

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并非所有股票都在历史高点市场中高估

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确实存在严重被低估的优质股票

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当然你可以通过研究像Oracle这样的工具

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在几分钟内就能找到

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可以核查内在价值

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可以筛选这类股票

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稍后我会举例说明

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好的

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正如我说的留在历史高点市场有风险

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但如果考虑水闸开启

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我认为持有现金的风险更大

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我认为不在市场中的风险更大

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这就是我的观点

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我选择留在市场中

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好的

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现在想想原因

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这里有两种情景

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情景一是Kevin Wash对其新理论正确

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正确理论

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如果他正确并开始降息

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会发生什么

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股市将飙升而通胀也会下降

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正如他所说

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好的

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在这种情景下所有人皆赢

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太好了

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经济快速增长

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股票投资者将积累巨额财富

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皆大欢喜

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这是第一种情景

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00:09:29,850 --> 00:09:31,659
但情景二

245
00:09:31,659 --> 00:09:32,600
如果他错了

246
00:09:33,759 --> 00:09:36,289
如果Kevin Wash判断错误

247
00:09:36,289 --> 00:09:41,809
激进降息却时机过早

248
00:09:41,809 --> 00:09:44,870
所以利率开始下降

249
00:09:45,230 --> 00:09:49,629
但由于伊朗持续的地缘政治紧张局势

250
00:09:49,629 --> 00:09:51,570
由于油价高涨

251
00:09:51,570 --> 00:09:55,309
通胀急剧飙升

252
00:09:55,309 --> 00:09:59,789
因此在这种情况下股票仍将上涨

253
00:10:00,070 --> 00:10:02,909
但通胀也会随之上升

254
00:10:02,909 --> 00:10:06,009
在这种情况下谁将获利

255
00:10:06,009 --> 00:10:08,610
拥有资产的人，比如你持有股票

256
00:10:08,610 --> 00:10:09,529
你拥有房地产

257
00:10:09,529 --> 00:10:15,019
你会赢，因为资产价值将大幅上涨

258
00:10:15,019 --> 00:10:19,549
保护你的财富免受通胀侵蚀现金

259
00:10:19,549 --> 00:10:21,590
但在这种情况下

260
00:10:21,590 --> 00:10:26,019
手握现金的旁观者将遭受重创

261
00:10:26,019 --> 00:10:28,799
因为你的购买力将被完全抵消

262
00:10:29,960 --> 00:10:32,610
所以我说在这个新时代

263
00:10:32,929 --> 00:10:34,230
无论发生什么

264
00:10:34,230 --> 00:10:37,049
成为资产所有者有利可图

265
00:10:37,049 --> 00:10:40,730
现在投资股市是有利的

266
00:10:40,730 --> 00:10:41,409
说到这里

267
00:10:41,409 --> 00:10:41,889
当然

268
00:10:41,889 --> 00:10:44,620
在市场中要谨慎

269
00:10:44,620 --> 00:10:47,480
存在严重高估的股票

270
00:10:47,480 --> 00:10:50,070
这些股票正处于疯狂的泡沫中

271
00:10:50,070 --> 00:10:52,710
所有人都在追逐这些

272
00:10:52,710 --> 00:10:54,750
这些新奇的热门对象

273
00:10:54,750 --> 00:10:55,309
你知道的

274
00:10:55,309 --> 00:10:56,090
如果你持有它们

275
00:10:56,090 --> 00:10:56,909
必须小心谨慎

276
00:10:56,909 --> 00:10:58,960
因为一旦市场回调

277
00:10:58,960 --> 00:11:00,700
这些可能大幅下跌

278
00:11:00,700 --> 00:11:05,379
但如果你持有优质公司且估值合理或被低估

279
00:11:05,379 --> 00:11:07,700
这才是更安全的投资方式

280
00:11:07,700 --> 00:11:07,940
哦

281
00:11:07,940 --> 00:11:09,440
在这历史性高位市场中

282
00:11:09,440 --> 00:11:13,090
是否仍有被低估或合理定价的股票

283
00:11:13,090 --> 00:11:14,690
其实数量相当多

284
00:11:14,690 --> 00:11:16,990
事实上其中许多质量很高

285
00:11:16,990 --> 00:11:17,690
完成

286
00:11:17,690 --> 00:11:18,629
让我给你几个例子

287
00:11:18,629 --> 00:11:21,970
你也可以快速在Oracle上查看

288
00:11:21,970 --> 00:11:26,370
顺便说一下，未来一个月左右我们将推出Oracle

289
00:11:26,370 --> 00:11:32,980
一个股票筛选器和热力图，能快速找到股票

290
00:11:32,980 --> 00:11:34,379
当然到年底时

291
00:11:34,379 --> 00:11:37,149
我们还将上线新加坡上市股票

292
00:11:37,149 --> 00:11:41,408
以及香港上市股票

293
00:11:41,408 --> 00:11:44,200
所有这些都将很快推出

294
00:11:44,200 --> 00:11:45,279
对此非常期待

295
00:11:45,279 --> 00:11:45,759
是的

296
00:11:45,759 --> 00:11:46,820
一些例子

297
00:11:46,820 --> 00:11:49,059
微软就是一个明显例子

298
00:11:49,059 --> 00:11:52,000
微软目前实际上被严重低估了

299
00:11:52,000 --> 00:11:54,149
如果你看看微软

300
00:11:54,149 --> 00:11:59,639
当前内在价值为553美元，而现价仅为4美元

301
00:11:59,639 --> 00:12:00,539
所以是的

302
00:12:00,539 --> 00:12:03,360
你拥有估值合理的优质公司

303
00:12:03,360 --> 00:12:05,580
没错，如果仅看市盈率

304
00:12:05,580 --> 00:12:07,679
但这并不总是有意义

305
00:12:07,679 --> 00:12:13,519
但前瞻市盈率低至21倍，而公司增长率为

306
00:12:13,519 --> 00:12:13,919
呃

307
00:12:13,919 --> 00:12:16,399
未来3-5年增长19%

308
00:12:16,399 --> 00:12:17,840
你可以看到非常稳健

309
00:12:17,840 --> 00:12:20,299
预测性极高

310
00:12:20,299 --> 00:12:21,559
盈利能力强劲

311
00:12:21,559 --> 00:12:23,340
中等增长

312
00:12:23,340 --> 00:12:24,279
非常强劲

313
00:12:24,279 --> 00:12:25,419
白色经济更多

314
00:12:25,419 --> 00:12:25,960
呃

315
00:12:25,960 --> 00:12:29,620
财务实力强劲，当前估值合理

316
00:12:29,620 --> 00:12:31,379
如果看图表的话

317
00:12:31,379 --> 00:12:32,559
看起来非常不错

318
00:12:32,559 --> 00:12:33,139
一波上涨

319
00:12:33,139 --> 00:12:33,820
一波下跌

320
00:12:33,820 --> 00:12:34,960
上涨下跌交替

321
00:12:34,960 --> 00:12:40,539
看起来可能在双底形态后再次反弹

322
00:12:40,539 --> 00:12:43,940
现在没有保证会上涨

323
00:12:43,940 --> 00:12:44,460
呃

324
00:12:44,460 --> 00:12:47,059
但机会概率相当高，再次

325
00:12:47,059 --> 00:12:49,899
这不是投资建议，请勿据此买入

326
00:12:49,899 --> 00:12:51,529
这只是个人观点

327
00:12:51,529 --> 00:12:52,070
呃

328
00:12:52,070 --> 00:12:54,210
我持有的股票以及持续增持的

329
00:12:54,210 --> 00:12:57,159
从教育角度观察的

330
00:12:57,159 --> 00:12:58,080
更好的平台

331
00:12:58,080 --> 00:13:01,039
这不是业绩强劲的公司典型

332
00:13:01,039 --> 00:13:03,659
但股价未随

333
00:13:03,659 --> 00:13:05,200
评估结果同步

334
00:13:05,200 --> 00:13:06,259
进行调整

335
00:13:06,259 --> 00:13:08,990
微软仍然严重低估

336
00:13:08,990 --> 00:13:10,169
内在价值

337
00:13:10,169 --> 00:13:12,309
当前内在价值905美元，现价

338
00:13:12,309 --> 00:13:15,279
610美元，目前严重低估

339
00:13:17,399 --> 00:13:19,059
我仍在持续增持

340
00:13:19,059 --> 00:13:20,120
如果看图表

341
00:13:20,120 --> 00:13:20,879
再次可以看到

342
00:13:20,879 --> 00:13:22,879
正在形成良好回调

343
00:13:22,879 --> 00:13:25,279
目前基本盘整

344
00:13:25,279 --> 00:13:27,419
在最终拉升前

345
00:13:27,419 --> 00:13:29,320
现在突破7点以上

346
00:13:29,320 --> 00:13:31,179
还有其他被低估的公司

347
00:13:31,179 --> 00:13:31,639
是的

348
00:13:31,639 --> 00:13:32,340
例如

349
00:13:32,340 --> 00:13:34,620
如果你看看标普全球

350
00:13:35,019 --> 00:13:36,039
这是一家

351
00:13:36,039 --> 00:13:36,500
呃

352
00:13:36,500 --> 00:13:37,559
金融公司

353
00:13:37,559 --> 00:13:41,339
金融分析与评级机构

354
00:13:41,339 --> 00:13:43,739
他们还拥有标普品牌

355
00:13:43,739 --> 00:13:46,739
所以每次看到标普相关的内容

356
00:13:46,739 --> 00:13:48,500
道琼斯工业平均指数

357
00:13:48,500 --> 00:13:50,340
他们拥有这些品牌

358
00:13:50,340 --> 00:13:51,519
因此每次都能获得特许权使用费

359
00:13:51,519 --> 00:13:52,779
每次我吃地球

360
00:13:52,779 --> 00:13:54,639
每次一个有趣的

361
00:13:55,120 --> 00:13:56,799
使用这些品牌

362
00:13:56,799 --> 00:13:57,500
你知道的

363
00:13:57,500 --> 00:13:58,940
所以再次

364
00:13:58,940 --> 00:14:01,629
这实际上已经

365
00:14:01,629 --> 00:14:02,950
经历了一段回撤

366
00:14:02,950 --> 00:14:04,929
近期走势较为震荡

367
00:14:04,929 --> 00:14:06,830
但那个

368
00:14:06,830 --> 00:14:10,590
基本面却显著增长

369
00:14:10,590 --> 00:14:11,379
嗯

370
00:14:11,379 --> 00:14:12,620
内在价值

371
00:14:12,620 --> 00:14:14,179
五百一十五美元

372
00:14:14,179 --> 00:14:17,159
目前以四百一十七美元出售

373
00:14:17,159 --> 00:14:18,679
这也是为什么

374
00:14:18,679 --> 00:14:24,899
许多超级投资者近期都在增持

375
00:14:24,899 --> 00:14:26,698
对了另一个例子是万事达卡

376
00:14:26,698 --> 00:14:28,220
万事达卡和维萨

377
00:14:28,220 --> 00:14:31,179
虽然维萨略显高估

378
00:14:31,179 --> 00:14:36,429
而实际增长更快的万事达卡目前严重低估

379
00:14:36,429 --> 00:14:39,149
内在价值为五百六十一

380
00:14:39,149 --> 00:14:41,500
目前售价四百九十八

381
00:14:41,940 --> 00:14:44,509
且年增长率约百分之十五

382
00:14:44,509 --> 00:14:47,809
未来三到五年预期增长

383
00:14:47,809 --> 00:14:48,750
所以再次

384
00:14:48,750 --> 00:14:49,710
仅举几例

385
00:14:49,710 --> 00:14:50,629
好的现在

386
00:14:50,629 --> 00:14:54,070
你持有的哪些股票现在被高估了

387
00:14:54,070 --> 00:14:54,450
你知道的

388
00:14:54,450 --> 00:14:57,460
我社区的学生在问我亚当

389
00:14:57,460 --> 00:14:59,200
有些股票并不被高估

390
00:14:59,200 --> 00:15:02,220
比如我认为谷歌目前略显高估

391
00:15:02,220 --> 00:15:04,259
谷歌是我最大的持仓之一

392
00:15:04,259 --> 00:15:05,740
让我再确认一下

393
00:15:05,740 --> 00:15:08,190
我记不太清楚

394
00:15:08,190 --> 00:15:08,970
但确实

395
00:15:08,970 --> 00:15:11,710
谷歌略有高估

396
00:15:11,710 --> 00:15:16,350
当前内在价值约九十八，现价八十⼆

397
00:15:16,350 --> 00:15:17,929
所以呃

398
00:15:17,929 --> 00:15:22,039
八十二减去两百九十八

399
00:15:22,960 --> 00:15:23,519
呃

400
00:15:23,519 --> 00:15:25,799
大概二十

401
00:15:25,799 --> 00:15:28,100
溢价八个百分点

402
00:15:28,100 --> 00:15:29,620
所以人们一直在问我

403
00:15:29,620 --> 00:15:31,559
亚当的价值约占三成

404
00:15:31,559 --> 00:15:33,440
我应该卖掉吗

405
00:15:33,440 --> 00:15:34,539
这确实取决于具体情况

406
00:15:34,539 --> 00:15:35,840
你的目标是什么

407
00:15:35,840 --> 00:15:38,679
如果你是短期波段交易者

408
00:15:38,679 --> 00:15:40,889
或者需要资金用于其他用途

409
00:15:40,889 --> 00:15:41,850
那确实

410
00:15:41,850 --> 00:15:43,490
现在出售没问题

411
00:15:43,490 --> 00:15:44,570
它确实被高估了

412
00:15:44,570 --> 00:15:45,809
但对我而言

413
00:15:45,809 --> 00:15:46,529
我不卖

414
00:15:46,529 --> 00:15:47,809
因为我不需要这笔钱

415
00:15:47,809 --> 00:15:49,539
而我看重的是

416
00:15:49,539 --> 00:15:50,320
呃

417
00:15:50,320 --> 00:15:52,720
未来十年二十年的发展

418
00:15:52,720 --> 00:15:55,480
其价值肯定会持续增长

419
00:15:55,480 --> 00:15:56,850
所以啊

420
00:15:56,850 --> 00:15:57,730
我不会卖

421
00:15:57,730 --> 00:15:59,409
仅仅因为轻微高估

422
00:15:59,409 --> 00:15:59,950
你知道的

423
00:15:59,950 --> 00:16:02,679
我只会在考虑出售优质公司时

424
00:16:02,679 --> 00:16:05,379
仅当严重高估时

425
00:16:05,379 --> 00:16:09,820
严重高估比如超过百分之百价值

426
00:16:09,820 --> 00:16:11,840
是的并开始逐步减仓

427
00:16:11,840 --> 00:16:12,019
所以

428
00:16:12,019 --> 00:16:12,940
换句话说

429
00:16:12,940 --> 00:16:17,179
如果谷歌今天股价六百美元

430
00:16:17,179 --> 00:16:19,480
这已超过其内在价值两倍

431
00:16:19,480 --> 00:16:19,840
是的

432
00:16:19,840 --> 00:16:20,240
我的意思是

433
00:16:20,240 --> 00:16:21,779
开始逐步卖出

434
00:16:21,779 --> 00:16:23,740
溢价三成

435
00:16:23,740 --> 00:16:26,000
但仅凭这点我不会卖

436
00:16:26,000 --> 00:16:29,000
我想长期持有以复利增值

437
00:16:29,000 --> 00:16:29,669
你知道的

438
00:16:29,669 --> 00:16:35,919
另一个例子是网络安全股票

439
00:16:35,919 --> 00:16:37,460
几周前被彻底看空

440
00:16:37,460 --> 00:16:38,799
而现在已大幅反弹

441
00:16:38,799 --> 00:16:39,980
当人们意识到

442
00:16:39,980 --> 00:16:41,019
我们需要网络安全

443
00:16:41,019 --> 00:16:41,779
对吧

444
00:16:41,779 --> 00:16:42,578
当然

445
00:16:42,578 --> 00:16:44,318
所以我持有帕罗奥图

446
00:16:44,318 --> 00:16:45,339
我持有四十股

447
00:16:45,339 --> 00:16:46,399
我拥有CrowdStrike

448
00:16:46,399 --> 00:16:48,318
最近股价走势就像

449
00:16:48,318 --> 00:16:48,658
哦

450
00:16:48,658 --> 00:16:51,919
正在急剧攀升

451
00:16:51,919 --> 00:16:53,500
如果你现在看Palo Alto

452
00:16:53,500 --> 00:16:56,620
我认为Palo Alto目前已被高估了

453
00:16:56,620 --> 00:16:57,259
是的

454
00:16:57,259 --> 00:17:01,479
所以内在价值199美元目前在260美元

455
00:17:01,479 --> 00:17:03,058
确实被高估了

456
00:17:03,058 --> 00:17:06,118
你可以看到股价持续上涨

457
00:17:06,118 --> 00:17:06,660
就像

458
00:17:06,660 --> 00:17:07,019
你知道的

459
00:17:07,019 --> 00:17:08,099
正在急剧攀升

460
00:17:08,099 --> 00:17:08,579
人们说

461
00:17:08,579 --> 00:17:10,759
Adam已经过度扩张了

462
00:17:10,759 --> 00:17:11,940
买入了高估的股票

463
00:17:11,940 --> 00:17:12,680
我应该卖出吗

464
00:17:12,680 --> 00:17:15,539
我说这取决于是否需要资金

465
00:17:15,539 --> 00:17:17,299
现在卖出没问题

466
00:17:17,299 --> 00:17:19,880
如果你需要资金投资其他项目

467
00:17:19,880 --> 00:17:22,059
需要用于个人开支

468
00:17:22,059 --> 00:17:23,400
需要筹集现金

469
00:17:23,400 --> 00:17:24,140
没有问题

470
00:17:24,140 --> 00:17:25,460
但对我来说

471
00:17:25,819 --> 00:17:27,839
Palo Alto是我重要的持仓之一

472
00:17:27,839 --> 00:17:28,880
大仓位之一

473
00:17:28,880 --> 00:17:30,680
我不会卖出任何股票

474
00:17:30,680 --> 00:17:31,099
好的

475
00:17:31,099 --> 00:17:32,740
因为我不需要这笔钱

476
00:17:32,740 --> 00:17:33,480
嗯

477
00:17:33,480 --> 00:17:34,950
如果我卖出

478
00:17:34,950 --> 00:17:37,250
必须找到同样优质的公司

479
00:17:37,250 --> 00:17:39,740
所以我会继续持有

480
00:17:39,740 --> 00:17:41,339
即使暂时下跌

481
00:17:41,339 --> 00:17:44,720
因为短期股价被过度推高

482
00:17:44,720 --> 00:17:45,240
我无所谓

483
00:17:45,240 --> 00:17:46,888
因为我相信长期来看

484
00:17:46,888 --> 00:17:52,209
内在价值和199美元将持续增长

485
00:17:52,209 --> 00:17:55,659
这就是我坚持的观点

486
00:17:55,659 --> 00:17:56,558
你知道的

487
00:17:56,558 --> 00:17:58,439
我从不给别人建议

488
00:17:58,439 --> 00:18:00,378
从不建议买入

489
00:18:00,378 --> 00:18:02,519
从不建议卖出

490
00:18:02,519 --> 00:18:05,220
你也别听别人建议

491
00:18:05,220 --> 00:18:08,920
因为我们的目标不同

492
00:18:08,920 --> 00:18:11,920
有些人是长期投资者像我

493
00:18:11,920 --> 00:18:15,019
我会考虑十年二十年后的投资组合

494
00:18:15,019 --> 00:18:16,549
有些人更注重短期

495
00:18:17,710 --> 00:18:20,109
你知道的

496
00:18:20,109 --> 00:18:22,730
所以没有统一标准

497
00:18:22,730 --> 00:18:23,849
你可能需要现金

498
00:18:23,849 --> 00:18:24,569
所以你要卖掉

499
00:18:24,569 --> 00:18:25,349
我不需要现金

500
00:18:25,349 --> 00:18:26,309
我不卖

501
00:18:27,660 --> 00:18:29,180
这就是我从不提建议的原因

502
00:18:29,180 --> 00:18:32,140
你知道我唯一做的事就是分享我的学生

503
00:18:32,140 --> 00:18:33,279
我在做什么

504
00:18:33,279 --> 00:18:34,579
为什么这样做

505
00:18:34,579 --> 00:18:35,900
我分享我的研究成果

506
00:18:35,900 --> 00:18:40,099
但之后我会说买卖的决定由你来做

507
00:18:40,099 --> 00:18:43,078
基于你的独特情况

508
00:18:43,078 --> 00:18:43,759
好的

509
00:18:43,759 --> 00:18:45,929
仅仅因为我卖了东西

510
00:18:46,128 --> 00:18:47,328
或者我买了东西

511
00:18:47,328 --> 00:18:49,528
并不意味着你应该跟随我，对吧

512
00:18:49,528 --> 00:18:51,528
但我会解释我为什么这样做

513
00:18:51,528 --> 00:18:52,888
如果你处于相同处境

514
00:18:52,888 --> 00:18:53,388
那确实

515
00:18:53,388 --> 00:18:55,009
卖掉或者做任何事

516
00:18:55,009 --> 00:18:55,599
是的

517
00:18:55,599 --> 00:18:56,200
好的

518
00:18:56,200 --> 00:18:57,200
就这样了

519
00:18:57,200 --> 00:18:58,799
这就是我想在这视频中分享的内容

520
00:18:58,799 --> 00:19:00,039
希望有帮助

521
00:19:00,039 --> 00:19:05,319
正如我说的 重要的是投资优质公司

522
00:19:05,319 --> 00:19:08,940
市场时间比试图预测市场更重要

523
00:19:08,940 --> 00:19:09,359
你知道的

524
00:19:09,359 --> 00:19:13,099
今年早些尝试预测市场的人

525
00:19:13,579 --> 00:19:15,099
年初阶段

526
00:19:15,099 --> 00:19:16,019
当市场下跌时

527
00:19:16,019 --> 00:19:16,779
他们恐慌

528
00:19:16,779 --> 00:19:17,480
然后卖出

529
00:19:17,480 --> 00:19:18,380
现在后悔了

530
00:19:18,380 --> 00:19:19,859
现金像吮拇指般焦虑

531
00:19:19,859 --> 00:19:20,059
观察

532
00:19:20,059 --> 00:19:21,500
市场每天都在上涨

533
00:19:21,500 --> 00:19:22,210
比如

534
00:19:22,900 --> 00:19:24,079
而你持有现金

535
00:19:24,079 --> 00:19:25,259
现金在贬值

536
00:19:26,259 --> 00:19:26,880
更糟的是

537
00:19:26,880 --> 00:19:28,740
做空市场的人

538
00:19:28,740 --> 00:19:34,089
听信末日预言的人正在被收割

539
00:19:34,089 --> 00:19:35,390
没错 我们不想这样

540
00:19:35,390 --> 00:19:38,049
我们要以低风险方式增长财富

541
00:19:38,049 --> 00:19:39,200
轻松无压力

542
00:19:39,200 --> 00:19:39,680
好的

543
00:19:39,680 --> 00:19:40,759
谢谢观看

544
00:19:40,759 --> 00:19:41,319
订阅

545
00:19:41,319 --> 00:19:43,119
如果你还没这样做的话

546
00:19:43,119 --> 00:19:44,599
我们下期再见

547
00:19:44,599 --> 00:19:46,359
如果你想观看我的最新视频

548
00:19:46,359 --> 00:19:47,799
请点击订阅按钮

549
00:19:47,799 --> 00:19:48,699
现在就点击

550
00:19:48,699 --> 00:19:49,679
点击铃铛图标

551
00:19:49,679 --> 00:19:51,118
以便即时收到通知

552
00:19:51,118 --> 00:19:53,429
当我上传最新视频时

553
00:19:53,429 --> 00:19:55,769
如果你想了解我的在线课程

554
00:19:55,769 --> 00:19:58,019
访问piranha profits.com

555
00:20:01,299 --> 00:20:04,230
并从全球各地创造收入

556
00:20:04,230 --> 00:20:07,650
如果你想加入我的实时财富学院计划

557
00:20:07,650 --> 00:20:10,190
前往wealth academy global.com

558
00:20:13,980 --> 00:20:14,740
我是亚当·库尔

559
00:20:14,740 --> 00:20:16,660
愿市场与你同在

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