Can the Sao operation of "reverse repurchase of government bonds+on-site goods base" be realized in bonus hunter during the long holiday?

The long holiday is coming, and there will be a coquettish operation before each long holiday, claiming to get double cash management income. How? Two tools are needed: reverse repurchase of government bonds and on-site money fund (taking Yin Hua Rili 5 1 1880 as an example).

Reverse repurchase of government bonds is traded in securities software. As you know, there are two states of cash in securities software, available and desirable.

For example, stocks sold on the same day have this fund on the same day (you can buy other securities immediately), but it is not desirable. "Not desirable" means that your method doesn't work, that you can't take it out and transfer the funds from securities to banks.

The same is true for reverse repurchase of government bonds. For example, the National Day holiday is coming, and September 30th is the last trading day. If 1 day reverse repurchase is carried out on September 29th, you can get the money on September 30th, but it is not advisable.

Although this is a reverse repurchase of 1 day, it will be received on September 30th, but the funds will not be received until June 9th 10, so the interest-bearing days of this transaction are 9 days (payment days) 1, and the long holiday income will be obtained.

On September 30, when the funds arrive, you can buy the on-site monetary fund immediately, so you can still enjoy the benefits of the monetary fund during the festival. Using such trading rules, the benefits of dual cash management are realized.

It sounds wonderful (I haven't done it). I always feel that something is wrong, and the risk must be squatting in some grass. Today, I talked to a friend (lighthouse) about this topic, and we talked about the risk points of this operation method.

Because it is impossible to lose money in the reverse repurchase of government bonds, the risk point lies in the on-site monetary fund.

We are familiar with OTC money funds, such as Yu 'ebao and OTC money funds, which will not lose money. What you can see every day is the income of the fund, have you never seen a negative number?

However, the on-site money fund is not. What affects the price is the relationship between supply and demand of fund shares, so the price of money funds in the market fluctuates. But after watching it for a long time, the whole is slowly rising, which is basically the same as the money fund outside the market.

Since it can fluctuate, there will be a risk of loss in operation.

We have found out the situation of this year's Spring Festival holiday and see what rules can be followed. The trading day before the long holiday is 65438+1October 23rd, and the trading day after the long holiday is February 3rd. What are the performances of the on-site money fund?

The above picture shows Yin Hua Rili 65438+1October 23rd, and the thin vertical line is that day. You can see that it is obviously rising (and it is still higher).

After the holiday, on February 3, the following figure showed a downward trend.

It opened lower, although it rose a little at the close, but it was obviously lower than the closing price the day before the Spring Festival. That is to say, on the first trading day after the festival, Yin Hua's daily profit fell.

Also depends on the price. 65438+1The closing price on October 23rd was 100.39 1, and on February 3rd it was 100.353. In other words, if you buy this money fund on June 23rd, 65438, and sell it after the Spring Festival until February 3rd, there is a high probability that you will lose money.

Look at the daily chart of Yin Hua Rili again.

Although it is grinding up, it can also be observed that it will fall from time to time. This is very different from the feeling of buying money funds over the counter.

So, before the Spring Festival this year, if you use the operation method mentioned above. Earn the money from the reverse repurchase of government bonds first, and then buy the on-site money fund as soon as the funds are available. Can I get two cash management benefits?

There is a certain probability of not getting it, even if the money fund loses money on the market, stealing chickens and not eating rice.

The question is, why did Yin Hua's daily profit suddenly rise so much on the last trading day before the Spring Festival this year?

In fact, this growth is the realization of the money fund's income from the Spring Festival holiday-it rose by 5% the day before the holiday. Moreover, I continued to look forward and found that as long as it was the day before the long vacation, it was almost always like this. For example, the national day on 20 19 is also the day before.

What should I do if I want to get the profit of Yin Hua Rili the day before the long holiday? The answer is to buy one day in advance. Because it's probably too late to buy it that day-it's too high to leave and the income is not complete. So there are funds on the 30th, and it may be too late to buy Yin Hua Rili on the 30th.

This article is a mess, not only the reverse repurchase of government bonds, but also Yin Hua Rili. Many people haven't bought these two products and don't know much about them, so they seem to be fooled.

It doesn't matter. What's important is that in such a fully competitive financial market, there won't be so simple, easy and risk-free wool for you. Behind the seemingly beautiful, there are often hidden risks.

Finally, talk about the conclusion.

Yin Hua Rili, the on-site monetary fund, shows its income during the long holiday on the working day before the long holiday. Therefore, if you want to get long-term benefits, you must buy one day in advance (for example, on the 29th of this month), and then buy on the 30th, which may not catch up.

It seems feasible to reverse repurchase 1 day treasury bonds on the 29th, and funds are available on the 30th. However, this is risky. The risk is that the purchase price is too high, which will lead to a decline in the daily profit of Yin Hua after the holiday. Imagined double income is hard to get.

So, how to manage the spare money for holidays?

If you don't have much money and don't want to go to trouble, buy a money fund. If the funds are in the market, you can reverse the government bonds or buy Yin Hua Rili.

However, it should be reminded that neither the reverse repurchase of government bonds nor Yin Hua Rili can be purchased on 30th, and it will be too late. If you buy government bonds for reverse repurchase, you can choose one of the interest rates of 2 -7 days on 28th and 1 day -7 days on 29th. In this way, you can get the benefits of a long vacation.

Anyway, no surgery on the 30th.

note:

1 Similarly, the reverse repurchase of government bonds earned three days on Thursday, but only 1 day on Friday. The calculation of the number of days occupied is a bit counterintuitive. It is "available but not desirable" days. If you can't understand, please remember first.

In fact, it is possible. If the participation amount is only 1000 yuan and the income is lower than the handling fee, it is a loss. But this situation is quite special. The reason for the loss is that the cost is greater than the income, not the loss caused by price fluctuation, so it is impossible to lose money here.

This statement is actually not rigorous. Over-the-counter money funds may also lose money. Both the United States and China have recorded a one-day loss of money funds, but the magnitude is small and unsustainable. The loss will be made up the next day, so there will be no loss here.

This is like the net value of an OTC stock fund in one day (you can't see the fluctuation of the fund's net value in this day, so I will update it for you at night). Stock funds in the market, such as ETF funds, fluctuate frequently every day, similar to stocks.

Considering that the daily profit of Yin Hua dropped on the first trading day after the Spring Festival, it is likely that it rose too much the day before the Spring Festival holiday.