“`html
CNBC AI News, August 19th – A-shares surged across the board yesterday, with the Shanghai Composite Index hitting a near decade high of 3745.94 during intraday trading.
However, the rally hasn’t been a universal celebration, as highlighted by popular online math educator Li Yongle. A Weibo post from Li stating, “Shanghai Composite hits a 10-year high, but my funds, purchased within the last five years, are still losing money. Interesting, very interesting,” has resonated with a significant number of investors.
Li, a former national physics competition champion and Peking University alum, holds a graduate degree in Electronic Engineering from Tsinghua University – a double threat of academic excellence.
Since 2018, Li has gained popularity for his videos that use mathematics to explain everyday phenomena, such as calculating the minuscule odds of winning a 220 million yuan lottery (1/40000) or pointing out that 220 cups of Moutai-flavored latte contain roughly the equivalent of one bottle of the pricey spirit.
The irony isn’t lost on many, with some social media users quipping that even a strong grasp of math and physics doesn’t guarantee success in the stock market.
Li’s Weibo comments section is flooded with relatable anecdotes from fellow investors. One user lamented buying funds at 3500 points on the Shanghai Composite, only to be down 20-30% despite the index now hovering above 3700.
Another commentator wryly observed, “What else would you call us but financial consumers?”
Li’s complaint resonates as a common sentiment amongst retail investors, underscoring the reality that fund investments are far from a guaranteed profit. Even against a backdrop of apparent market health, prudent selection and rational decision-making are crucial to avoid the pitfalls of blindly chasing trends.
“`
Original article, Author: Tobias. If you wish to reprint this article, please indicate the source:https://aicnbc.com/7501.html
