Many investors are brand new, inexperienced, not knowledgeable about finance, and their knowledge of the market is zero, so there have been stories of bad and bad jokes.
Phan Hieu (28 years old) is an office worker in Hanoi. In December 2021, listening to his friends playing the stock market, Hieu was located in groups and closely followed stock rooms. After a short research, he asked his wife for 100 million to invest in 4 stocks including FLC; FCN; HAI and HNG…
Hieu decided to spend 50% of his assets buying FLC shares with the slogan "the lowest target is 28". After several consecutive trading sessions, Hieu quickly experienced the feeling of "falling off the cliff" when FLC stock fluctuated strongly after the illegal sale of shares by FLC Chairman Trinh Van Quyet.
From the purple color, the codes FLC then HAI, FCN, HNG were lying on the floor, all codes in the list were only 1 color "blue". After 1 week, from being profitable, Hieu lost nearly 40% of assets invested in. In the days when he did not dare to open the app, he asked his friends if he should continue to "fish at the bottom" of the average price. Hieu received shaking his head: Now know where the bottom is.
The stock market in 2021 is probably an unforgettable year for every investor. Vn-Index broke through the historical peak of 1,500 points in November. The liquidity sometimes reached more than 2 billion USD, a number that must be said as a dream. (Graph: Trading View)
In 2021, even up to the present time, the above story is not only Hieu's specialty but becomes the common situation of many F0 investors (new investors in the market).
Although there are many people among them who are inherently "bruised" with the market, full of experience in fighting decades ago, but there are also investors who are brand new, inexperienced and uninformed. In finance, knowledge of the market is a round zero. That's why there were funny stories that brought tears to tears.
Shared on a recent Securities forum, an investor and forum admin released a picture of a conversation with a new investor. The conversation reads: "You transferred 100 million and I will guide you to help. F0 is very confused. For example, if you make a profit of trillions or a few hundred billion in future transactions, if you withdraw to your account, you will be attacked. Will you investigate, are you afraid of breaking the law?".
