Analyze how to spend garbage time in cold weather.

Analyze how to spend "garbage time" in cold days.

Faced with this kind of market, many people's friends, especially the new people who have just entered the market, have a fear: they are afraid to buy at the mountainside when they add positions, and they are afraid to sell at the foot of the mountain when they clear positions. Nothing seems right. Bian Xiao sorted out how to spend "garbage time" in the cold days of the market for your reference. I hope you can gain something from reading!

A shares are "garbage time" most of the time.

Historically, A shares have been in a volatile market most of the time. The rapid rise of A shares only exists for a short period of time, and most of the time it fluctuates.

We review the performance of A shares in the past 16 years (2005-2020). Take Wonder All-A Index as an example. During this period, the maximum increase was 166.2 1%(2007), the minimum was -62.92%(2008), and the average was 25.265438+.

However, the market is constantly changing and the future is unpredictable. The violent fluctuation of short-term trading environment may have a certain impact on the current market trend, but in the long run, short-term fluctuation will not change the long-term trend of the market.

In the past 10 years, the daily volatility of the Shanghai and Shenzhen 300 Index was relatively large, especially in cities that fell, such as July 20 15 to June 20 16. The daily average volatility of the Shanghai and Shenzhen 300 Index was 3.29%, but in the long run, the Shanghai and Shenzhen 300 Index showed an upward trend.

If the real time for A-shares to rise will not exceed 5%, the market will sometimes be tottering and may last for a long time, but I am afraid that 95% of the time is easier to grasp. We will only be ready in 95% of the time, and we may have you in 5% of the time! Although garbage time is difficult, it is also very important.

Cooling-off period, better sort out investment expectations.

Sometimes, this is the essence of the market, which will have a negative impact on our return on assets from time to time. The cold market period also gives us investors a cooling-off period to think about the investment purpose.

If we invest a sum of money, what will it be used for in the future? How long the money is invested, how much the expected income is, and so on. For different investment funds, the future income expectations will be very different.

How to establish reasonable expectations? According to the statistics of CITIC Securities, the income of different assets since 20 16, the previous annual income and the maximum withdrawal can all be used as reference values for us to set the expected income and risk tolerance.

In the absence of obvious market conditions, short-term fluctuations mainly come from our own expanding emotions. For example, investors are happy to see the past performance of the portfolio, but they are not aware of the risks accumulated behind it. When the holding fund falls, some investors will overreact and only want to sell risky stock funds, but they hope to buy back when the market turns better. After a period of time, they may not make money and increase the investment cost.

Don't give up easily, be more patient and observe for a long time.

There is no market that only rises and does not fall, and there is no market that only falls and does not rise. In the two years since the resumption of trading, the index of common equity funds has been adjusted back many times since 20 19. After a short or long period of time, the market will still rebound.

201April 8, 9-2065438+June 6, 2009, retired12.39%; Then it rebounded for more than 6 months, with a cumulative increase of 43.87%;

From February 26th, 2020 to March 23rd, 2020,15.72% was withdrawn; Then it rebounded for more than 3 months, with a cumulative increase of 48.03%;

From September 3 to September 2020 10, 7.63% was withdrawn; Then it rebounded for 5 months, with a cumulative increase of 3 1.53%.

Judging from the market situation in the past two years, we have learned at least one lesson: be more patient and strive for more funds. When the market falls, don't give up funds easily, but look forward more. If we hold excellent funds, the current position is not high, and we can even add positions on dips, which will allow you to get more cheap chips at a relatively low position, which will not only help to dilute the investment cost, but also help to be faster in the subsequent rebound or rise.

In addition, investors should also trust excellent fund managers. If a fund manager has experienced the test of market bull and bear, and the income of the fund he manages is in the forefront of similar funds for a long time, then he is more likely to maintain his advantage in the future.

Now we might as well learn to get along with the "junk time" in the stock market, pay less attention to the short-term market, shield the noise interference and adjust the investment mentality. The short-term trend of the stock market may be determined by valuation, but the long-term trend is determined by fundamentals. A faithful wife can only survive in the garbage time of the stock market.

In the past two years, the returns of funds purchased by many investors are generally unsatisfactory. What caused the large losses of most funds? Mars, an analyst at Shanghai Securities Fund Evaluation Center, pointed out that, first of all, the essence of fund products is the combination of securities, and the performance of fund income is closely related to the performance of the underlying market. In the continuous decline of the stock market, it is difficult for equity funds and hybrid funds, which mainly invest in stocks, to achieve positive returns. In the case of rising stock market, most partial stock funds can often achieve positive returns. Therefore, it is impossible for funds to create myths and create high positive returns in the continuous decline of the market in recent years.

From the long-term performance, in most cases, the overall performance of funds is better than that of individual investors, especially in bull markets and volatile markets. For example, in 2006 and 2007, more than 80% of equity funds achieved a return of more than 100%, while the proportion of individual investors was less than 20 12 years. Nearly 50% of equity funds have achieved a return of 5% to 30%. According to the survey, more than 50% of individual investors have lost between 5% and 50%. Therefore, the fund is still a good investment tool for individual investors to participate in the capital market.

All kinds of problems, whether China's stock market construction, economic development or asset management industry, can't be eliminated in a short time, and all need the rationality of the market as a whole to promote it. However, as investors themselves, we must measure our risk tolerance clearly and not blindly listen to the propaganda of sales staff. If your risk tolerance is weak, or the funds you want to use in the short term, you can't invest too much in a single stock fund to avoid being greatly affected by the risk of stock market fluctuations. Therefore, for individual investors, it is more meaningful to have a long-term investment mentality, choose appropriate fund products according to their own risk tolerance and renewal, avoid excessive pursuit of popular funds with outstanding short-term returns, pay more attention to funds with relatively stable long-term performance, and spread risks through fixed investment and portfolio allocation to obtain long-term stable returns.

Little knowledge:

First, we should pay attention to arranging the proportion of fund varieties according to our own risk tolerance and investment purpose. Choose the fund that suits you best, and set an investment ceiling when buying partial stock funds.

Second, be careful not to buy the wrong "fund". The popularity of funds has led to some fake and shoddy products "fishing in troubled waters", so we should pay attention to identification.

Third, pay attention to the post-maintenance of your account. Although the fund is worry-free, it should not be left unattended. Always pay attention to the new announcements on the fund website, so as to have a more comprehensive and timely understanding of the funds you hold.

Fourth, pay attention to buying funds, and don't care too much about the net value of funds. In fact, the fund's income is only related to the net growth rate. As long as the fund's net growth rate stays ahead, the income will naturally be high.

Fifth, we should be careful not to "love the new and hate the old" or blindly pursue new funds. Although the new fund has inherent advantages such as preferential prices, the old fund has long-term operating experience and reasonable positions, which is more worthy of attention and investment.

Sixth, we should be careful not to buy dividend funds unilaterally. Fund dividend is the return of investors' previous income, so it is more reasonable to change the dividend method to "dividend reinvestment" as far as possible.

Seventh, we should pay attention not to talk about heroes in the short term. It is obviously unscientific to judge the pros and cons of the fund by short-term ups and downs, and it is necessary to make a comprehensive evaluation of the fund in many aspects and conduct a long-term investigation.

Eighth, we should pay attention to the flexible choice of investment strategies such as steady and worry-free fixed investment and affordable and simple dividend transfer.

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