When choosing a fund, we should first consider the fund company, whether its management system is perfect and whether it has an excellent investment and research team. Secondly, consider the fund manager's past performance, work experience, education and so on. Thirdly, choose the investment concept of the fund, whether it is growth (that is, it fluctuates greatly, rises quickly and falls quickly) or value (it pays attention to long-term income and has little fluctuation).
Below, provide some reference materials for reference only! Good luck! ! !
Buffett recommended index funds eight times.
■ Fund Bainaohui
Huitianfu fund management company
Liu Jianwei, chief investment planner.
According to Morningstar statistics, among the top 30 fund performance in the first half of the year, index funds accounted for 16 seats, accounting for more than half, and the fund performance champion in the first half of the year was also an index fund.
Seeing the ranking of this fund, I can't help shouting. I don't listen to the stock god, and I suffer.
As we all know, Buffett has a commandment that he never recommends any stocks or any funds. There is only one exception, that is, index funds. From 1993 to 2008, Buffett actually recommended index funds eight times.
First time: 1993 Buffett's letter to shareholders
By investing in index funds regularly, an amateur investor who knows nothing can often beat most professional investors.
The second time: 1996 Buffett's letter to shareholders.
Most investors, including institutional investors and individual investors, will find sooner or later that the best way to invest in stocks is to buy index funds with low management fees.
The third time: 1999 Buffett recommended book review.
John bogle founded Pioneer Fund Company and became one of the largest fund management companies in the world by developing index funds. 1999 published the Law of Winning with the Same Fund, and strongly recommended investing in index funds. "Convincing, very pertinent and to the point, this is a must-read book for every investor. Through continuous reforms, Baugel has provided better services to American investors. " Buffett spoke highly of this book.
The fourth time: Buffett's letter to shareholders in 2003
Those index funds with low fees (such as Pioneer Fund) are very suitable for investors to do product design. Buffett believes that for most people who want to invest in stocks, index funds with very low fees are the best choice.
Fifth time: Buffett's letter to shareholders in 2004.
By investing in index funds, you can easily share the outstanding achievements created by American companies. However, most investors rarely invest in index funds, so their investment performance is mostly mediocre or even disastrous.
Sixth interview: May 7, 2007, American Consumer News and Business Channel TV Station.
Buffett believes that the best choice for individual investors is to buy low-cost index funds and continue to buy them regularly for a period of time. If you insist on buying index funds regularly for a long time, you may not buy them at the lowest point, but you will not buy them at the highest point either.
Seventh time: Berkshire shareholders' meeting on May 3, 2008.
Tim Ferriss asked: "Mr. Buffett, suppose you are only in your thirties, have no financial resources, and can only make a living by working full-time, so you don't have much time to study investment at all, but you have a savings, which is enough to maintain your living expenses for one and a half years. How will you invest the first million you have saved? Please tell us the asset type and allocation ratio of the specific investment. " Buffett replied: "I will invest all my money in a low-cost index fund that tracks the S&P 500 index, and then continue to work hard."
Eighth time: In 2008, Buffett made a million-dollar bet on index funds.
On June 9, 2008, Fortune magazine reported that Buffett personally made a bet with Protti Jie Investment Company that the income from long-term investment in an S&P 500 index fund from 2008 to 20 17 would outperform five hedge fund portfolios carefully selected by Protti Jie Company, with a bet of up to one million dollars.
Buffett's confidence in recommending index funds eight times comes from historical statistics: 1968- 1978, and the Standard & Poor's 500 Index beat 83% of fund managers. In 1979- 1999, the S&P 500 index beat 79% of fund managers.
Even Peter Lynch, a famous star fund manager, lamented that there are only a handful of fund managers who can consistently outperform the market index for a long time.
If you don't know anything about investment and funds, you are stock-blind and basic-blind, and you have no time and energy to study investment at all. Listen to Buffett and invest in index funds regularly and hold them for a long time. You investment fool, you can beat most investment experts. This has been the case in the past six months, and it will certainly be the case in the future 10 or even 20 years.
Index fund: "Like a star, it shines for a long time"
Transfer from: a clam.
At the beginning of the year, a friend asked me to recommend the varieties of funds, and I recommended index funds to him at once. This is because I know Warren Buffett often recommends index funds to people, so I followed suit.
The so-called index fund refers to the fund that buys all or part of the securities in the securities market included in the index according to the index standard, and its purpose is to achieve the same income level as the index. In the United States, 1976 saw the first index mutual fund, namely Pioneer 500 Index Fund. The emergence of index funds has initiated a revolution in American securities investment industry, forcing many competitors to design low-cost products to meet the challenges, which is of great significance. But in the following 10 years, no one followed suit. However, in1985-199712, the index mutual fund has developed rapidly, with an increase of nearly 140, and its assets have also soared by 19357%, reaching13.2 billion US dollars, which shows it.
From the perspective of investment income, index funds have two key advantages: first, certainty, and the rate of return always keeps pace with the market rate of return; First, low taxes and transaction costs. Equity funds usually have a group of securities analysts who have to bear huge transaction costs when buying or selling. However, because index funds only track the performance of the stock and bond markets, they follow a stable strategy. Its advantages in the securities market not only include effectively avoiding non-systematic risks, low transaction costs and delaying tax payment-both of which will have a great impact on the fund's income, but also have the characteristics of less monitoring investment and simple operation. In addition, the simplified portfolio will make it unnecessary for fund managers to contact brokers frequently, or to choose stocks or determine market opportunities. Therefore, in the long run, its investment performance is better than other funds. However, because the index fund keeps pace with the market index, it can't get surprisingly high returns. But for amateur investors who are satisfied with the same income as the market or don't know anything, this economical and safe method is very popular with them.
Also in the field of funds, john berger, the founder of Pioneer Group, who is as famous as Buffett in the field of stock investment, initially created an index fund for his fledgling company to find a way to survive. At that time, his idea was to establish an investment method with low transaction cost for individual investors. Later, it was proved that the indexed investment method really "shines like a star" because "investors with excessive cost burden can't run away from the market", and only this inaction method is more effective than those thoughtful methods. In the following years, Pioneer Group grew into the second largest mutual fund company in the world, with assets under management reaching 950 billion US dollars, equivalent to 50% of all US dollar assets held by 654.38+03 billion China people. Therefore, Fortune magazine named him "one of the four investment giants in the 20th century", and The New York Times also praised him as "the top ten global fund managers in the 20th century".
John Berger gave investors this advice: "We must remember that we are in an uncertain financial environment and we should rely on the principle of common sense." The so-called common sense principle is, principle one: knowledge is power; Principle 2: design a fund portfolio that adapts to the current financial management goals; Principle 3: Investment should not only focus on the long term, but also adjust the asset allocation ratio in a timely and dynamic manner. Investment means "tying your destiny to the enterprise". John Berger has a good reason-enterprises have improved our lives and improved our living standards, which is the same in the United States and all over the world. When these companies improve our lives, don't you want to invest in their stocks?
In an interview, Berg said, "The classic indexed investment is to have an index covering the entire US stock market. 1975 when I first founded the index fund-it was a long time ago. At that time, it was called Berg's folly, and everyone said no. How could it not? We used to use the Standard & Poor's 500 index, which is almost as good as and almost the same as the index covering the whole stock market. There are many large-cap stocks in the Standard & Poor's 500 Index, but few small-cap stocks and mid-cap stocks. Sometimes small-cap stocks and mid-cap stocks will perform better than large-cap stocks, but in the long run, their performance will be worse, but this is not important. So I think an index covering the whole American stock market is a better choice. I have some views on this strategy. So let's focus on the indexed investment in the United States. This is very important if you own shares in every company in the United States. I believe that the advantages of indexed investment are much greater today than ever before. "
Berg strongly recommends investing in index funds in the book "The Law of Winning with the Same Fund" published by 1999. In order to obtain the maximum possible market rate of return, it is necessary to reduce the cost of buying and holding funds. What the basic people need to do is to buy funds with low operating costs and no or little commission, especially low-cost index funds, and then hold them for as long as possible. Buffett is very appreciative of this: "Very convincing, very pertinent and timely. This is a must-read for every investor. Through continuous reforms, Berg has provided better services to American investors. " So "I personally think that the best choice for individual investors is to buy a low-cost index fund and keep buying it regularly for a period of time. Because then you will buy a very good investment variety. In fact, if you buy an index fund, it is equivalent to buying all industries in the United States at the same time. " "If you insist on buying index funds regularly for a long time, you may not buy them at the lowest point, but you will not buy them at the highest point."
That's why I "follow the trend".
Attached is a list of some domestic index funds:
Code Abbreviation Tracking Indicator Management Company Remarks
050002 Boss Yufu CSI 300 Index Boss
200002 Great Wall Jiutai CITIC S&P 300 Index Great Wall
5 19 100 Changsheng 100 CSI 100 Changsheng Index
5 19300 Dacheng 300 Shanghai and Shenzhen 300 Index Dacheng
040002 Huaan A-share MSCI China A-share index yield Huaan enhanced index fund
5 10 180 Huaan 180tf SSE180 Index Huaan Tian Tian Fund Online The fund code is 5 10 18 1.
5 10050 Huaxia 50ETF SSE 50 Index Huaxia
159902 small and medium-sized board ETF SME board price index Huaxia
160706 Harvest 300 CSI 300 Index Harvest
16 1604 financing 100 Shenzhen stock exchange 100 index financing
16 1607 Financing Tide 100 Target Index Financing Enhanced Index Fund
5 19 1.8 million 180 SSE 180 Index 1 10,000.
1619.03 million public utility index ten thousand optimization index fund
1 10003 One Base 50 SSE 50 Index E Fund
15990 1 Shenzhen 100ETF Shenzhen 100 Price Index E Fund
180003 Yin Hua 88 Dow Jones China 88 Index Yin Hua
5 10880 AIA Dividend ETF Shanghai Stock Exchange Dividend Index AIA Huatai Tian Tian Fund Online The fund code is 5 1088 1.
0200 1 1 Cathay Pacific CSI 300 CSI 300 Index Cathay Pacific
48 1009 ICBC UBS CSI 300 Index Fund ICBC Credit Suisse.
In addition, there are: Southern CSI 300 Index Fund, Guangfa CSI 300 Index Fund, Penghua CSI 300 Index Fund, etc.