Second, how to invest in equity funds
If stock funds want to invest in funds, it is best to establish fund positions according to the market valuation level to ensure that they are not in the low valuation range.
What is the specific bottom position? I have made a fixed investment index in the valuation table now. The fixed investment index is equal to the reciprocal of CSI P/E ratio (PE/PE historical median). The higher the fixed investment index, the higher the fixed investment amount in each period.
My suggestion is that the bottom warehouse ratio is equal to "fixed investment index-1". For example, there are 65438+ million investment funds on hand, and the fixed investment index is 1.2, then the bottom position is1-kloc-0/= 20%, that is, the bottom positions of 20000 funds are laid out first.
If the fixed investment index is less than 1, then the bottom warehouse is negative, and it is not recommended to lay out the bottom warehouse.
Then, we divide the remaining stock funds into 24 shares, each of which is the fixed investment base, and then make a monthly fixed investment according to the fixed investment index * fixed investment base (about 100 shares per week). At this time, if you follow the normal fixed investment speed, it will be 2 years.
If the market drops rapidly and the fixed investment index reaches 1.5 or even higher, then our layout speed will be very fast, achieving the effect of accelerating buying at a low level, and the actual layout time is less than 2 years.
For example, at 2500 last year, the fixed investment index reached 1.6. At this time, it is the base of 160% that accelerates buying, thus completing the layout in more than 1 year.
If the market rises rapidly and the fixed investment index reaches 0.5 or even lower, then our layout speed will be very slow, and the actual layout time will be more than 2 years, achieving the effect of reducing holdings and buying at a high level.
Make a profit-taking plan, reorganize the stock after profit-taking and keep the cycle.
In fact, it is not difficult to make a fixed investment. It is difficult to observe discipline, which is one of the core elements of fixed investment yield.
Third, what kind of index fund should I choose?
Striving for progress in stability series 1
CSI 300: CSI 500( 1: 1)
This combination is almost as classic as Titanic. The CSI 300 represents the top 300 stocks with good liquidity and market value in Shanghai and Shenzhen stock markets, and the CSI 500 represents the top 500 stocks with good liquidity and market value except the constituent stocks of the CSI 300.
This combination can be said to be both offensive and defensive. At present, the PE and PB scores of CSI 500 have dropped to an unprecedented low level, while the constituent stocks of CSI 500 belong to small and medium-sized stocks. The profit growth rate of CSI 500 has maintained a good momentum in recent years with good growth.
Although the valuation of CSI 300 has not yet fallen to a historical low, it has been performing steadily, and it has been able to obtain an annualized rate of return of about 10% since its establishment.
If you plan to make a fixed investment according to 1: 1, it is not bad to buy CSI 800 directly. My personal suggestion is to buy separately. If the price rises less, you can buy more, and if the other price rises less, you can ensure that the market value of CSI 300 and CSI 500 is around 1: 1.
Combination advantage: covering most A-share targets and tracking the trend of A-share market perfectly.
Disadvantages of combination: quite satisfactory.
Summary: The expected rate of return is moderate and the risk fluctuation is moderate.
Related objectives:
Tian Hong CSI 500 (000962);
E Fund CSI 300( 1 10020).
Therefore, from the historical data, we know that the historical performance of index-enhanced funds is generally better than that of ordinary ETFs and index funds. So at present, Sizhe recommends that you allocate index-enhanced funds, such as Xingquan CSI 300 and Guo Fu CSI 500.
In addition, I want to mention a detail that is easily overlooked when choosing index funds. After determining the enhanced index fund, we should carefully compare the detailed expenses of different funds. Because the fund is a long-term investment, for example, the management fee difference is 0.5%, then the income difference is 12% if you hold the naked management fee for ten years. Therefore, among many 300 index funds, I am more optimistic about Xingquan CSI 300. Excellent historical performance, management fee as low as 0.8%, custody fee of 0. 15%, the conscience of the industry.
How to carry out the basic version of the fixed investment strategy
Because the price-earnings ratio is not very good-looking, so I use the big market point to approximate it instead. According to the historical average P/E ratio of the Shanghai Composite Index, I found the corresponding point at 3400 points, which was divided into upper and lower limits as the central axis. According to this month's valuation, I will increase and decrease my positions appropriately. If the Shanghai Stock Exchange rises to 4,000 or even 5,000 points in the future, I will invest less or even not this month. If the Shanghai Stock Exchange falls below 3,000 points, I will increase my position this month.
According to the P/E ratio of Shanghai Composite Index, I converted it into 300 points in Shanghai and Shenzhen, and made an investment ratio chart.
Suppose I have a monthly balance of 5,000 yuan, and I'm going to spend 2,000 yuan each month to make a fixed investment in the fund. Then I will take 2000 yuan as the fixed investment base, and the monthly investment ratio is as follows.
If the Shanghai Stock Exchange is within a reasonable range (3 100-3400 points), we will buy at the normal salary base. When the valuation deviates from the benchmark level, such as high valuation, and the number of points reaches more than 3,400, then I will buy less according to the proportion of the fixed investment base, such as 4200 points corresponding to 70%, and I will buy 2000× 0.7 = 65438.
The above table is most suitable for Shanghai and Shenzhen 300, SSE 50, SSE dividend, SSE 180 and other indexes, while SSE 500, SME board and GEM are relatively unsuitable.
What needs to be reminded here is that it is dynamic to determine the investment ratio according to the point. At present, 3400 points is the central axis, and it will not be in the future. The central axis needs to be adjusted every 1 to 2 years (it is recommended to increase synchronously with the latest national GDP growth rate), because the point of the index will continue to grow with the profit, but its P/E ratio is actually unchanged or even reduced.
The core of valuation fixed investment method is to earn less bubble money and more "cheap" money, but the bubble in history is so crazy that few people can hold it under the greed of human nature.
Based on this condition, combined with the profit-taking strategy mentioned by Sizhe, the investment risk of index funds can be greatly reduced.
I call this method valuation fixed investment method, that is, when the market is low, we will buy more weights and finally have a very low cost. According to the data calculation, the yield of direct investment in Shanghai and Shenzhen 300 in recent three years is 12. 14%, but the yield can be increased to 25.8% through the valuation investment method. Combined with the profit-taking strategy mentioned above, when the market is high,
Fourth, how to stop winning?
CSI 500 has a fixed monthly investment of 1 1,000 yuan. After 24 months of investment, * * * invested 24,000 yuan, with a total book value of 29,040 yuan, and the annualized income reached 10%, which triggered the take profit.
Calculated by the annual rate of return, 29040 MINUS 24000. Divided by 24,000. , equal to 2 1%. Divided by 2 years, it is expected to reach 10%. You can sell it when you arrive.
Strategic advantages:
You can get a fixed expected annualized rate of return.
Disadvantages of the strategy:
Like the previous strategy, it is impossible for a bull market to "eat" all the rising prices. In addition, if there is no big market in the follow-up market, it may not trigger take profit.
Fifth, investors who do not have the rich investment ability of the fund.
You can consider index funds and buy CSI 500 and CSI 300.
Based on the above considerations, we can invest in E Fund CSI 300 and Guo Fu CSI 500.
Attachment: Income from other types of wealth management investment
Actual fixed investment
1. Select E Fund CSI 300.
2. You can consider southern CSI or rich CSI.
Rich country CSI 500. 1 Because it is an index fund and a passive investment that tracks the corresponding index, the error with the index is small, which is a core point for evaluating index funds. Or buy an index-enhanced one, and this fluctuation will be greater than the performance benchmark. 2. The subscription rate of rich countries is 0.03 points higher than that of the south, which is only acceptable in the enhancement of the rich country index, and the plate is also large. The rate of multiple 0.03% is actually not much. But you can choose one of these two.
In addition, the official account of WeChat, Xiaocai recommended the enhanced version of Guo Fu CSI 500.
E Fund, CSI 300 and Fuguo Select Fixed Investment
How to make a fixed investment plan,
If CSI 500. Take the pe ratio for example, the reciprocal of 0.76 is 1.3 15, which is 1.3 1, which means that the proportion of fixed investment can reach 1.3 times. The historical median of pe is low, as low as 27%. Taken together, it can be concluded that the fixed investment ratio of CSI can be about 1.3 times the base.
So we set up two fixed investments, one is 1200 and the other is 1300.
Based on the date of 10 every month, the profit-taking point in Shanghai and Shenzhen is set at 12. 14%, which is the average of the last three years.
Considering CSI 500. The CSI 500 will fluctuate greatly, and the take profit point can be 15~20%.
A friend suggested that you can take a profit near 15, but don't be too greedy. It is better to make an annualized profit of about 12 for two years.
The initial fixed investment may lead to floating losses due to market fluctuations, but with the increase of fixed investment times, the risks and benefits will gradually level off.
It is suggested that if you want to diversify risks, you can also consider joining the combination of Nasdaq 100 and Standard & Poor's 500. I looked at it and said that the valuation table was still red when the market improved. The other party said that if you wait for more than 3-5 years before making a fixed investment, the impact of buying when the valuation is high or low will not be great. The valuation is mainly that one-time purchase is not recommended.
One-time purchase, bought for a year, still losing money.
Well, the fixed investment of the fund has been done from theory to practice. Learn the knowledge of the fund, organize the knowledge in the official account of WeChat, and prove each other. From choosing the fund type, choosing the fund, formulating the investment strategy, calculating the proportion of fixed investment, setting the fixed investment in Huatai's app, and then determining the profit point, it is completed.