When is the right time to buy a debt base?
First of all, choose the fund investment method, which is divided into one-time purchase and fixed investment, but the fluctuation of bond funds is too small, and the effect of fixed investment is not obvious. It is basically impossible to generate a smile curve. Comparing the benefits of one-time purchase and fixed investment, because the bond fund is relatively stable, the decline is small when it falls, and the fixed investment bond fund has no smile curve advantage, so the fixed investment has no advantage compared with one-time purchase.
Fixed investment in bond funds, the income is lower than one-time purchase of bond funds. The purpose of our fixed investment is generally to buy many times and share the cost equally. The average bear market decline in the bond market is 6.8%, and the bond fund fluctuates little, so the effect of fixed investment is not obvious. Just buy it once.
Since it is better to buy at one time, it is more important to choose the investment opportunity. When choosing debt-based investment opportunities, you can consider the following two factors:
1. Look at the performance of the stock market
There is a negative correlation between the stock market and the bond market. When the stock market is bullish, the bond market will perform worse. When there is a bear market, the bond market will welcome the market. Therefore, when buying bond funds, you can also take the performance of the stock market as a reference.
2. Look at the market interest rate
The performance of bonds will be greatly affected by the market interest rate, especially the medium and long-term bond funds. Bond prices are also inversely proportional to market interest rates. When the market interest rate rises, the bond price will fall; When the market interest rate falls, the price of bonds will rise. How to judge whether the interest rate is high or low? You can refer to a data-the yield of China's ten-year government bonds. The yield of ten-year treasury bonds is determined by market behavior, and the central bank can only influence it, but not directly control it.
Since 2004, the expected yield of China's ten-year treasury bonds has been fluctuating around 3.5%. Therefore, generally speaking, when the yield of 10-year treasury bonds is above 3.5%, we can regard it as a high interest rate. When the interest rate rises to a high level or is in a downward channel, you can invest in some medium and long-term bond funds at this time. When the interest rate is low or rising, it is necessary to allocate less bond funds and mainly invest in money funds and bank wealth management.
However, the interest rate risk of medium and long-term bond funds is greater, because the term is longer and is greatly affected by interest rates, so the price of bonds will also be greatly affected. Therefore, investors can choose short-term debt funds with a short term, usually about one year, which will be less affected by interest rate and price fluctuations.
Some investors may put all their money into equity funds, which is not good. Low-risk and high-yield funds are good fund portfolios, and investors can appropriately allocate some low-risk products on the basis of allocating stock funds.