The First Important Thing to Invest in US Stocks In Shage's opinion, the first thing to invest is not to look at the candlestick or study the target But rather observing the market itself Observing the market always comes first Without this premise, even if we do a good job in researching individual stocks, it still won't work Just give me an example: From 1926 to 2024, all US stocks created a cumulative wealth of $55T 96% of stocks have a net contribution of zero or negative (profit or loss offset) Only 4% of stocks create all wealth (approximately 1000 companies) 0.3% of stocks (86 companies) create 50% wealth The market characteristics of the US stock market are such that wealth is so uneven The creation of wealth is almost entirely consumed by big blue chips Therefore, long-term holdings of large blue chip stocks have higher returns compared to small cap stocks in terms of large numbers The best strategy to deal with is to concentrate on large stocks and heavy positions If market characteristics were not observed and analyzed in advance, it may have taken several years, I made a profit by losing money on the receipts, but in the end, I was sweating profusely and didn't make any money. I don't know the reason yet Because the answer is not on the ticket, but on the institutional design of this market A few days ago, I said that I haven't figured out many things about the US stock market, Mainly because of insufficient understanding of the characteristics of the market But overall, it is still in the beginner stage. Last year, I played around and barely beat S&P Now it's a bear market in the cryptocurrency market, and I finally have time to systematically think about the US stock market