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This time, Wuliangye's financial washout has had a huge impact on my faith.
Since 2017 until today, my confidence in this market has been completely shattered.
Someone said it's just an excuse, that baijiu is no longer popular, and people are not drinking baijiu anymore.
What a joke!
No matter how bad baijiu is, it still remains the truly profitable company in this market.
All those tech and other sectors are just trash.
I will not sell my Wuliangye holdings, but I will terminate the reinvestment plan for the annual dividends, starting from this year's dividends.
From now on, all dividends received will be fully invested in the S&P 500 ETF at once.
If stability can be maintained, who would want to live a tumultuous life?