Running is like our own life journey. We break down our goals step by step and achieve small goals one by one. Run. When we look back again, we are excited. In life, when I feel scared or timid, really, my method, don't think so much, worry about this and that, just do it in the right direction.
At this moment, sitting in front of my sore desk, I began to code words, recalling my feelings during yesterday's running, and then recalling the bits and pieces of the past 2020, which is thrilling and seems to be vivid.
Looking back, I wonder if the flags set by everyone at the beginning of the year have been realized one by one.
Looking back on 2020, most of my own goals have been achieved and exceeded expectations. There are also several unfinished goals, but I am still very satisfied with the performance in 2020.
I am more willing to help my friends around me with comprehensive asset allocation and investment consultation. Whether it is fixed income, Public Offering of Fund or private equity fund, it has brought us good income and helped us to maintain and increase the value of assets.
In 2020, the most commonly used word is "long time no see", witnessing history every day!
For the capital market in 2020, especially the stock market, if you want to describe it in a few words, I think it is: magical beginning, dreamy ending.
Look at the US stock market first. In the past 2020, under the COVID-19 epidemic that swept the world, we saw the US stock market fuse that Buffett had never seen before. Subsequently, stimulated by trillions of dollars, the Nasdaq index and the Standard & Poor's 500 index hit record highs!
In 2020, the Dow rose by 7.25%, the Standard & Poor's 500 Index rose by 16.26%, and Nasdaq rose by 43.64%, the biggest annual increase since 2009.
The bear market in 2020 has become the shortest bear market in history!
Look at the familiar A shares.
February 3, 2020: On the first trading day, 1000 stocks fell, and the whole market plummeted by 8%. Only 172 stocks in the two cities rose, and all more than 3,000 stocks plummeted. It was really a "long life experience", when fear hung over everyone's mind. Moreover, because of the continuous fermentation of the epidemic, the emotions of people who live in isolation at home are geometrically amplified in the market, leading to repeated crashes.
Blink of an eye time 65438+February 3 1, the last trading day in 2020. What kind of performance is it? The Shanghai Composite Index closed at 3,473.07 points, an increase of1.72%; The Shenzhen Component Index closed at 14470.68, an increase of1.89%; The GEM index closed at 2,966.26 points, up 2.77%. Turn all red. Close it!
What stages have we gone through from the first trading day to the last trading day in 2020? I divide the trend of the whole year into four stages:
The first stage: panic falls.
At the beginning of 2020, under the influence of the epidemic, the global market plummeted.
The second stage: rebound and rise
After the panic fell in March, countries began to liberalize their easing policies and open up printing money.
The liquidity crisis eased, and excess funds began to flow to various assets, which promoted a wave of Big bounce in global stock markets from March to July.
A shares also rose rapidly from more than 2,000 points to 3,400 points in July.
The third stage: sideways oscillation
After July, for about half a year, with the repeated promotion of vaccine research and development, A shares fluctuated between 3200 and 3400 points, with no ups and downs.
The fourth stage: a slight increase
65438+February ushered in a certain degree of rise. Red ending.
For the whole year, the Shanghai Stock Exchange rose: 14%! The cumulative increase of Shenzhen Component Index: 38%! Growth enterprise market index rose by 65%!
Torture of Buddha's soul:
Did you make a share this year?
If you make a profit this year, will the investment income outperform the Growth Enterprise Market? ! Considering the sufferings of many people in the capital market, it seems a great irony to know that you can get a return of 65% by doing nothing but investing in GEM index funds.
Looking at the performance of Public Offering of Fund in 2020, it can be said that it is extremely bright! The fund doubled to 89!
The fund with the best performance, the annual rate of return 166.56%!
Wind information data shows that Zhao Yi's Agricultural Bank of China Huili Industry 4.0 won the performance champion of equity funds in 2020 with a yield of 166.56%, and it is also the performance champion of active equity funds, which reflects Public Offering of Fund's good active management ability.
The performance of private equity funds in 20 19 was eye-catching: in 20 19, its average rate of return reached 26.06%. Among them, the stock strategy leads with an average yield of 29.29%, and the macro strategy ranks second with 24.69%.
Since 2020, under the unfavorable situation of epidemic and economic downturn, private equity performance has continued to rise, and the industry atmosphere is hot.
By 65438+February 1 1 day in 2020, the overall rate of return of private placement will reach 25.60% on average. From the performance of each strategy, the stock strategy and macro strategy continue to be strong, while the management futures and FOF strategy are strong beyond.
What needs to be reminded is that the outstanding performance of Public Offering of Fund and private equity funds in 2020, as well as some retail friends who have achieved good results, need to know that this money-making effect will not last forever and must not be replicated. We need to always be in awe of the capital market.
At present, the phenomenon of de-retailing in the securities market is becoming more and more obvious, and the proportion of institutional investors is gradually increasing. The era of ST shares, which relies on gossip, concept speculation and small market value speculation, is out of date, and the "stock market crash bull market" at the beginning of 202 1 is the best proof.
Especially last week,
On Monday, the three major indexes were all red, and the number of stocks falling in the two cities reached 1 100;
On Tuesday, the three major indexes burst into red, but the number of stocks falling in the two cities reached 2385;
On Wednesday, the three major indexes were all red, and the two cities fell by 2980 stocks;
On Thursday, the three major indexes were all red, with 3282 stocks falling in the two cities.
Faced with such a situation, there are still many people who don't understand.
For most people, the best way is to follow the footsteps of professional institutional investors to participate in the equity market and share the fruits of economic development.
Because in my opinion, the secondary market is an important part of asset allocation and the main source of creating excess returns!
Looking at the historical performance of the world, the long-term return of stocks can be said to be unmatched.
According to the survey data, from 1900 to 20 17, the annual return rate of developed countries' stock markets is 8.4%, and that of emerging countries is 7.4%.
The global stock market yields are 4.3% and 3.2% higher than national debt and bonds respectively. The real rate of return of global real estate is only 1.3%, and the average annual rate of return of art collection is 2.9%. Bonds, real estate, and art collections are not as good as stocks.
In the future, China will transform from a low-end labor-intensive industry to a high-end technology-intensive industry. Moreover, we are now on the road to transformation. Although we are facing numerous obstacles, the torrent of history is unstoppable!
In the US stock market, FAANG's top five technology stocks have risen in the past decade, and IT industry and biomedical industry have become the two industries with the strongest wealth creation ability on Nasdaq.
America, as a beacon, has pointed out the direction for us.
In the future, it will be a great era of China's equity.
Investment has three realms: seeing yourself clearly, seeing the world clearly and seeing all beings clearly.
Crossing the cycle, ignoring market fluctuations and ignoring all kinds of flying information is not simple;
Even if we keep learning, we know the business cycle, just as we know that no matter how cold winter is, spring will always come;
Even if our spirit can penetrate the fog in front of us and see the future, our heavy body will still stay in this time and space and experience the necessary hardships.
If you want to make a good investment, you must practice year after year, and this is a lifelong practice.
Not only investment, but also work and life need constant practice to grow.
There must always be a body and soul on the road. Running and exercise can make you energetic and release stress; Through continuous reading and learning, I really feel that the quantitative change has produced qualitative change, and I feel that "the book has its own golden house, and the book has its own Yan Ruyu".
I happen to be in the investment field again. Learning and investing are just like visiting, connecting the past and the future, constantly falsifying and clarifying the direction. While continuing to empower brain capital, it has also expanded the breadth and depth of life.
I also read many classic books this year, about 100 in total, mainly about history, biography, philosophy and literature. Among them, Su Shimin's My Experience and Lessons and Zhang Lei's Value made me gain a lot. Friends who have time strongly suggest that you take time out of your busy schedule to have a look.
I feel more and more deeply that no matter what kind of work or career we are engaged in, as long as we focus on the long-term, deepen the value, never give up observing the essence of things, and are not affected by short-term temptations and environmental noise, we will certainly stand the test of time and spend or even cross our own career cycle and external business cycles.
We rely on a rainy day, long-term! When we are surrounded by speculation, short-sightedness and impetuousness, we choose to plan ahead and take a long-term view. We have greatly surpassed others!
Because of love, I am willing to meet all difficulties!
In 2020, everyone who works hard is giving an answer with his life. Live up to the years, live up to the years, especially to friends in Wuhan. Thanks again to all the friends who have supported Wuhan. In the new year, let's welcome the brand-new 202 1!