How to buy at a good price?

Meng Yan shared five principles in "Investment First Lesson":

1. Stay in the market as much as possible.

2. In the long run, returns mainly come from the growth of corporate profits. The longer the investment time, the lower the proportion of returns contributed by valuation changes.

3. For each investment, if the holding period is long enough, there is no need to be overly concerned about buying at the lowest price, but also do not buy too expensively.

4. During the long-term holding process, buying during undervalued opportunities can further improve returns.

5. If the valuation in a bull market is too high, selling part of it can significantly increase long-term returns.

Buy firmly at a position where you can accept losses, and the essence remains unchanged!