"No matter how confident I am to bet, I may still be wrong. Reasonable diversification is the key to reducing risks without reducing returns." Bian Xiao compiled the basic skills necessary for beginners here for your reference. I hope everyone will gain something in the reading process!

As the saying goes, eggs can't be put in the same basket. Since 2005, the trend of stock market and bond market has been ups and downs, and the bond market has risen slowly. Wouldn't it be nice to combine the two, like a nutrition package with meat and vegetables, and use a variety of strategies to dynamically allocate various assets in order to pursue the steady appreciation of fund assets? However, the premise of successful investment is to fully understand that it is difficult for ordinary investors to master various assets such as bonds and stocks and diversify their investments. It is a solution to allocate bond funds and stock funds separately, but many factors such as the ratio of the two types of funds need to be considered, which is also quite technical. Is there a relatively more convenient way? For example, the partial debt hybrid fund in the hybrid fund is the choice of investors who pursue long-term steady appreciation of fund assets and have limited risk tolerance. Generally speaking, the partial debt hybrid fund refers to the hybrid fund whose bond position accounts for more than 60%.

How to choose?

1. Look at the fund manager

Investment years: A long investment experience can at least show that the fund manager has personally experienced the past bulls and bears, which is conducive to coping with possible market conditions in the future.

Past performance: the medium and long-term return level of similar funds of fund managers, the relative ranking of similar funds, etc. For this kind of hybrid partial debt fund, we need to pay attention to exit control and fluctuation. However, the past performance also needs to be treated dialectically, and the past performance of the fund cannot predict the future performance.

2. Look at the fund manager and investment team.

Just as wine gets better with age, mature fund companies have a relatively perfect investment and research system, which helps to optimize investment concepts, form better investment strategies and better serve fund management.

3. Look at your investment habits

Through the back test of the past performance of different types of funds in the whole market, it is found that the longer the overall holding time, the greater the probability of the fund obtaining positive returns.

Compared with direct investment bonds, investors investing in bond funds mainly have the following advantages:

1, low risk. Bond funds can effectively reduce the risks that a single investor may face by pooling investors' funds to invest in different bonds.

2. Expert management. With the increasing diversification of bond varieties, ordinary investors should not only carefully study the issuer, but also judge the macroeconomic indicators such as interest rate trend, which is often beyond their ability, while investment bond funds can share the results of expert management.

3. Strong liquidity. If investors invest in illiquid bonds. Only when it is due can it be cashed, and indirectly investing in bonds through bond funds can obtain higher liquidity and can transfer or redeem the bond funds held at any time.

Because the risk brought by stock market fluctuation is too great, they transfer their funds to bond funds through fund conversion and other means.

Operation skills:

1. See the market outlook before you operate.

The income from fund investment comes from the future. For example, if you want to redeem stock funds, you can first look at whether the future development of the stock market is a bull market or a bear market. Then decide whether to redeem or not, and make a choice on the timing. If it is a bull market, it can be held for a period of time to maximize the benefits. If it is a bear market, redeem it in advance and put it in the bag.

2. Switch to other products

Converting high-risk fund products into low-risk fund products is also a kind of redemption, such as converting stock funds into money funds. This can reduce the cost, the conversion fee is generally lower than the redemption fee, while the money fund has low risk, equivalent to cash, and the income is higher than the current interest. Therefore, conversion is also an idea of redemption.

3. Regular fixed redemption

Like regular investment, regular fixed redemption can do daily cash management and stabilize market fluctuations. Fixed-term redemption is a redemption method of fixed-term investment.

In the past two years, the returns of funds purchased by many investors are generally unsatisfactory. What caused the large losses of most funds? Mars, an analyst at Shanghai Securities Fund Evaluation Center, pointed out that, first of all, the essence of fund products is the combination of securities, and the performance of fund income is closely related to the performance of the underlying market. In the continuous decline of the stock market, it is difficult for equity funds and hybrid funds, which mainly invest in stocks, to achieve positive returns. In the case of rising stock market, most partial stock funds can often achieve positive returns. Therefore, it is impossible for funds to create myths and create high positive returns in the continuous decline of the market in recent years.

From the long-term performance, in most cases, the overall performance of funds is better than that of individual investors, especially in bull markets and volatile markets. For example, in 2006 and 2007, more than 80% of equity funds achieved a return of more than 100%, while the proportion of individual investors was less than 20 12 years. Nearly 50% of equity funds have achieved a return of 5% to 30%. According to the survey, more than 50% of individual investors have lost between 5% and 50%. Therefore, the fund is still a good investment tool for individual investors to participate in the capital market.

All kinds of problems, whether China's stock market construction, economic development or asset management industry, can't be eliminated in a short time, and all need the rationality of the market as a whole to promote it. However, as investors themselves, we must measure our risk tolerance clearly and not blindly listen to the propaganda of sales staff. If your risk tolerance is weak, or the funds you want to use in the short term, you can't invest too much in a single stock fund to avoid being greatly affected by the risk of stock market fluctuations. Therefore, for individual investors, it is more meaningful to have a long-term investment mentality, choose appropriate fund products according to their own risk tolerance and renewal, avoid excessive pursuit of popular funds with outstanding short-term returns, pay more attention to funds with relatively stable long-term performance, and spread risks through fixed investment and portfolio allocation to obtain long-term stable returns.

Therefore, we might as well pay attention to holding funds. It is not unreasonable to set a minimum holding period for fund products. On the one hand, it can help ordinary investors avoid the short-term game of "chasing up and killing down", on the other hand, it is also conducive to fund managers to improve the utilization rate of funds and focus on tapping long-term value.

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