Choose the right direction. At present, the total market value of A-shares is about 80 trillion, m2 is 200 trillion in 2020, and GDP in 2020 is about 1, 0 1 trillion. From the past historical experience, once the total market value of A shares exceeds the total GDP or 1/2, the market will peak. In 2008, the market value of A-shares was 36 trillion, and the GDP of that year was 310.9 trillion, with a total m2 of 47.5 trillion. In 20 15, the market value of a shares was 76 trillion, the GDP68 of that year was 68 trillion, and the total M2 was 150 trillion. Judging from the current deployment of our country, it is a market consensus to maintain slow cattle. In other words, try to control the total market value within the range that GDP and M2 can accommodate. The total market value of GEM is only 10 trillion.

Let's look at the current 84 trillion, assuming that reaching 100 trillion is the bottleneck and the growth space is 16 trillion. If you put this 16 trillion on the whole index, it will only increase the index by about 20%. If it is put on the Growth Enterprise Market, it can provide an increase of 160%. Of course, this is an extreme situation, and it will not only increase the growth enterprise market. From the perspective of capital efficiency, investing in the growth enterprise market is the general trend.

First, therefore, the Growth Enterprise Market ETF is the first choice for fixed investment funds.

So do you want to choose smaller ETFs, such as consumer ETFs, new energy ETFs and medical ETFs? My suggestion is that you can configure some of these three. But, but don't exceed 0/3 of the total position of 65438+. If the direction is right, the overall profit can be improved. The future investment trend is the Growth Enterprise Market ETF, and the technology innovation board ETF that may be launched in the future is the mainstream of the market. Consumption, medicine and new energy are the directions of vigorous development. Although chips, semiconductors and software are also the development direction, these industries are currently subject to too many restrictions. Most of the infrastructure is not located in China, so it is easily influenced by the international situation. At present, they are not stable fixed investment varieties. This is the direction, determine the category. Growth enterprise market ETF+ science and technology innovation board ETF.

Second, choose the time.

How to make a fixed investment to gain the most? Judging from the current market attributes, it is best to choose the fixed investment in May and June and 1 1 and 65438+February every year, with the best effect. The current market is a structural bull market driven by funds, and the stock price is out of reasonable valuation. Floating valuation depends on the richness of capital and market news. 65438+ every year 10 is the best time for market liquidity, and the new credit line is determined. The central bank will release more liquid wealth management products to stimulate consumption. It is also at this time that a large number of funds are raised. As soon as these funds are opened, the Ebo index will be raised. Therefore, the fixed investment of 1 1 and 65438 in February can generally enjoy a wave of liquidity dividends.

In the same way, starting from May every year, on the one hand, the money spent for one year is almost the same, and the quota for the second half of the year has not yet come out. On the other hand, after the disclosure of the annual report, the valuation of enterprises that are less than market expectations will be stifled, and the market will be in a situation of low liquidity and low valuation. Therefore, in May and June each year, 1 1 and 65438+February are more suitable fixed investment windows.

Choosing the right direction and time window is the key to a steady fixed investment.