讀後心得

On the 2nd, U.S. President Trump signed an executive order announcing "reciprocal tariffs" on multiple countries, with tariffs on Taiwan increased to 32%. China immediately imposed retaliatory tariffs on U.S. goods, leading to panic in global markets and putting the Taiwanese stock market at risk of a significant decline. Investor "股人阿勳" suggested that, under these circumstances, one should seize the opportunity to increase investments rather than escape, emphasizing that the value of good companies will not disappear due to short-term fluctuations. He provided four investment recommendations, including holding cash, restructuring assets, avoiding over-investment, and extending investment horizons, reminding investors to focus on value rather than emotions.

The President of the United States, Trump, signed an executive order on the 2nd, deciding to impose "reciprocal tariffs" on multiple countries, with tariffs for Taiwan increasing by 32%. Subsequently, China also announced retaliatory tariffs on American goods, further escalating the global tariff war and increasing market panic. Many are concerned about a significant drop in the Taiwan stock market when it opens next Monday. Former private equity operator "股人阿勳" stated that a sharp decline in the stock market is inevitable, and that there may be even more bad news in the coming month. However, he provided four suggestions for stock market investment.

• "股人阿勳" stated that Trump's tariff policy has induced market panic, making a sharp drop when the market opens on Monday almost unavoidable, and there may be more bad news released in the future. He suggests that value investors should seek opportunities to increase their stakes when facing declines, rather than trying to escape.
• He pointed out that Trump's 32% tariff on Taiwan shocked the market, with various panic emotions, such as "will semiconductors become the next target," being amplified. Investors are prone to making impulsive decisions in panic and should remember that "the market will not wait for you to pick up bargains."
• Good companies, regardless of how the stock market drops, will not change their essence. Companies like TSMC and MediaTek may see their prices fluctuate due to panic, but their value remains strong.
• For those who are already trapped or lack cash, he suggests not to rush to blame themselves, but to consider asset allocation, identify the "least trusted stocks," and gradually replace them, directing cash flow towards high-quality assets.

Finally, he offered investors four pieces of advice:

• When holding cash and having faith in certain stocks, consider buying in batches when prices are low.
• If you lack cash, take time to quietly think and do homework on restructuring assets.
• Do not use leverage or go all in; leave some space for yourself to breathe.
• Extend the investment period; you will find that the panic from six months ago has been replaced by other news.

Investment should not be driven by emotions but should be based on value. For those investors affected by panic who find it hard to sleep, it may be worth considering exiting the capital market.