The A-share market shows great fluctuation, but there are still many Public Offering of Fund products showing the effect of making money. Some funds hit a new high in the net value of reinstatement units since their establishment. Bian Xiao compiled here what to do if the net value of the fund in his hand reaches a new high, for your reference, and I hope you can gain something from reading!
Correctly treat the net value of funds
Investors need to be clear that there is a difference between the net fund value and the stock price.
Whether the net value of the fund can rise mainly depends on whether the assets of the fund can continue to increase in value, that is, whether the assets such as stocks, bonds or commodities invested by the fund can bring more income. If the stocks or bonds that hold positions rise well, the net value of the fund will reach a new high.
If the fund manager thinks that the stock of the position has risen enough and has risen excessively, then the position structure can be optimized by adjusting the position. Simply put, it is to sell the expensive ones and buy the cheaper ones. Because "cheap" often means that there may be more room for growth in the market outlook.
It is precisely because fund managers will adjust their positions through active management, so if a fund rises a lot, it will not affect the subsequent performance at all, and it will not necessarily reach the ceiling.
The net value we look at when buying a fund generally refers to the net value of the unit. In theory, the net value of the fund is not capped. As long as the fund manager chooses stocks, bonds, timing or asset allocation, the net value of the fund will continue to rise.
Small partners who think that high net worth is expensive and low net worth is cheap are generally based on the following two considerations:
First of all, some investors will worry that high-net-worth funds will buy fewer stocks at the same cost and the investment cost will be higher. But in fact, investment is for profit, and the profitability of the fund, that is, the return on investment, is the most important. We buy funds with different net worth, and the final income is the same. Fund investment is not so-called expensive and cheap. The key is to see the rate of return.
Secondly, some investors will worry that high-net-worth funds have limited room for growth in the later period. In fact, funds and stocks are different. We will think that the lower the price, the higher the investment value. Because the profitability of stocks is relatively fixed, that is to say, stocks have intrinsic value. The more the price of a stock deviates from its intrinsic value, the more room it has to rise, and the more it is worth investing. The stock price is determined by the market and related to the relationship between supply and demand. Because the total number of shares of listed companies is certain, when investors are optimistic about stocks and buy them in large quantities, the price of stocks will rise. The so-called rising tide lifts all boats.
But the net share of the fund has nothing to do with the relationship between supply and demand, but is determined by the operating performance and initial net share of the fund company. Because the fund's portfolio is undergoing a dynamic adjustment process, simply put, the fund buys some stocks at a low level. When the stock rises to a certain point, the fund manager sells it and the risk is also sold. Assets changed from stocks to cash, and the net value did not decrease. Then buy other undervalued stocks, and so on.
As long as the fund manager has strong investment strength and good performance, the net value has the potential to rise. Therefore, the high net value of the fund does not mean that there is not much room for future growth. It is the accumulation of historical performance and will not affect the future performance of the fund.
Do you want to sell after the fund's net value hits a new high?
If the net value of your fund reaches a new high, you will also make a lot of money. Continue to invest or sell at a profit?
If it is a partial stock fund, it should be discussed in two categories.
Industry and concept theme fund
In a certain period of time, this kind of foundation has been stimulated by policies and funds, which has soared rapidly, thus driving the net value of related theme funds to a new high. As for whether there is room for making money in the future, it depends on the development prospects and ideas of this industry and the investment in Qian Jing.
If the follow-up is not optimistic, then you can redeem it on rallies.
Fund with flexible stock selection
In addition to a large number of investment industry theme funds, there are many hybrid funds with flexible stock selection in the industry. The investment strategy of this kind of products focuses more on finding investment opportunities in the whole market, testing fund managers' understanding of the research of many industries and companies, as well as their ability to choose stocks and timing.
Generally speaking, fund managers who have been in business for a long time and have experienced the conversion of bulls and bears will be more trustworthy.
If it is a bond fund, we should pay attention to the types of bonds invested by fund managers and their lightning protection ability. Especially at present, the macro economy is still facing downward pressure. In recent years, some bond issuing companies have suffered a redemption crisis, which has led to a sharp decline in many bond funds. Therefore, it is more secure to choose a risk control system, and the products of companies with heavy debts have never exploded.
Specifically, there are the following three modes of operation. It is recommended that investment continue to hold high-quality funds. If the investment target is achieved, you can also choose to take profits in batches so as not to miss the follow-up market. Short-term intraday trading is not recommended, because it will not only increase the investment cost, but also miss the opportunity to increase the probability of positive returns.
(1) Hold on, don't panic.
Funds encourage long-term investment, and the shorter the holding time, the higher the redemption rate. Don't pay all the proceeds to the handling fee ~
I believe that the foundation will hit a new high and there is still a chance in the A-share market. I believe that long-term holders will bring rich returns, so I might as well continue to hold and harvest the roses of time.
(2) Redemption on demand
If money is urgently needed, redemption is a passive choice regardless of the performance of the fund's net value. Add your own choice when you exchange, and don't get lost next time you get on the bus.
If the investment target is achieved, it is safe to make profits in time. If you want to make a profit but feel that there is still a chance in the stock market, you might as well leave a bottom position. If you earn less, you will also earn.
(3) wisdom jiacang
Some friends are worried that such a good fund will not give you a chance to get on the bus, and it has been rising. Or the net value of hesitation is too high, will it take over at the top of the mountain?
In fact, the net value of the fund can be bought at a new high!
Funds are different from stocks. "Stock high point" is not completely applicable in fund investment. Funds can strive for long-term appreciation of assets by optimizing their positions.
In addition, it is worth noting that the net value of the fund will also be affected by cash dividends and share split, and it is not possible to judge whether to buy or not just by looking at the net value of the fund.
If you think it is too difficult to choose the timing, you may wish to choose the fund to vote, saving the trouble of timing and not having to stand guard at the top of the mountain.
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