Today (18/3), investors were in a frenzy as many stocks went from green to plummeting to the floor. In just a few minutes, the VN-Index lost over 30 points, dropping to nearly 1,230 points on the morning of March 18, causing investors to cry out in despair.
Some complained about losing three years of accumulated wealth in one hour, others felt melancholy about “losing a month’s salary on the way to work”, while some were relieved that they “only watched others invest and didn’t lose anything”…
Today, the shadow of “stock market” was everywhere (Photo: Welax)
Amidst the cries of the investors as their money slipped through their fingers, the statement of “stock market queen” Mai Phuong Thuy suddenly became hot again.
2 years ago (April 2012), in a quick interview during a stock market decline, Mai Phuong Thuy said, “For example, when the stock market goes up, you make 10 million, but someone else makes 100 million, 1 billion, 100 billion, or even billions of dollars in one stock market rally. So, when the market goes down, the big investors are the first and most heavily affected, and if they don’t complain, Thuy thinks you shouldn’t complain either.”
Mai Phuong Thuy shared about a stock market crash in April 2012
Afterward, Miss Vietnam 2006 also gave advice that in order to not let money control you, you must understand its nature, just like a singer on stage must be able to control the stage. Once you understand, you can control your greed and fear, not letting the market’s downtrend hurt you too much and not getting too excited when the market goes up.
“When the market goes down, Thuy can’t make as much money as I expected, but it’s not necessarily a loss. So, it’s a state of being… I still get my hair done, get a haircut, and have fun without any problems at all” – Mai Phuong Thuy shared about her state of mind during the stock market crash in April 2012.
She also stated that predicting the market is meaningless: “The biggest mistake in this world is predicting the market. No one can predict the market correctly, but if you predict it wrong, you suffer, and you doubt yourself. So, don’t look at the market, look at it from a business perspective. Predicting the market is a hobby, and it will multiply a lot when you predict it right once. So, you have to control that. Thuy never predicts the stock market, that’s very useless.”
Mai Phuong Thuy is known as the “stock market queen”
If you follow Mai Phuong Thuy on social media platforms, you will probably know that from 2020-2021, she frequently shared her personal views and predictions about the fluctuations of the stock market. What’s worth mentioning is that, although they were just fleeting statuses on her personal page, what Mai Phuong Thuy “foretold” all came true. The nicknames “Queen of Stocks”, “Stock Market Queen”, or “Miss Stock Market” were born from those moments.
Here are a few of the statements made by Miss Vietnam 2006:
1. You shouldn’t follow anyone, because when you’re at a loss, those who advised you to buy this or that won’t lose anything.
2. Every time I make a mistake, it’s a different kind of mistake, I’ve made so many mistakes that I’ve lost my cool, I’m not even sad anymore and I don’t need any sympathy from myself either…
3. Expanding your perspective is something very difficult, answering the question of how much money I truly deserve hurts me tenfold. Investment knowledge isn’t difficult, but I think it’s a different story to know how much I deserve.
5. If you lose sleep over losing 10 million dong, how can you make 20 million?
