The Shanghai Composite Index has experienced two drastic depth adjustments since it saw the top of the stage of 5 178. Many investors have suffered heavy losses as a result. The reporter found out that the four groups with the most serious injuries can refer to long-term high-leverage fund-raising people (off-site fund-raising), people with strong capital integration ability (securities brokers' securities lending) and classified B-type investors who suffered discounts. The following small series analyzes for everyone, what should I do after the scale of B in the venue shrinks by 40%?
A fund expert said: "As a seriously injured group, the graded B investors who suffered a discount still have a glimmer of hope compared with the first three groups. Although the scope of this discount is very wide and the degree of injury is different, in general, there are still two countermeasures to learn from. "
After the discount, the market "lost blood" seriously.
Looking back at the hottest fund variety in this bull market, the non-graded B is none other than it. During the bull market, under the rotation of the sector, popular varieties such as military B, convertible bonds B, securities B and growth enterprise market B all increased several times. Under the powerful effect of making money, graded funds have become a temporary "trend" and spread rapidly among individual investors.
However, like many high-risk investments, it is often after the low tide that we know who is swimming naked. Since mid-June, A-shares began to adjust deeply, the original "artifact" to make money has become a "sickle to cut leeks".
During this period, the B-class downward folding tide intensified. According to incomplete statistics, between the two rounds of plunge since mid-June, there have been more than 40 graded B's, involving more than 1000 billion shares, which also makes the total scale of graded funds in the market shrink rapidly. According to the data, as of August 26th, the scale of on-site graded funds dropped rapidly from1.81.50 billion at the end of June this year to1.01.30 billion, with a shrinkage rate of over 40%.
Large-scale "blood loss" is only one aspect of the weak graded fund market, and it cannot fully reflect the tragic situation of the holders after the discount. Take VC B in the latest wave of discount as an example. If you buy 40,000 shares of GEM B at the average price in 0.6 yuan in the last wave of rebound, with a total market value of 24,000 yuan, after the discount on August 26th, 40,000 shares of GEM B will be converted into 4 150 shares, and resume trading at the opening price of 0.924 yuan on August 27th, with a total market value of 3,834 yuan, with a loss rate of 84%. Waiting for the fund to return to its original value requires an increase of more than 500%. Based on the current double leverage and the opening point of the GEM index at 1959 on the 27th, the index needs to rise by 250%, that is, the fund will have the possibility of unwinding at 6800. Considering the negative factors such as increasing net worth and decreasing leverage effect of interest expenses, the chance of getting rid of the original variety in a short time is very slim.
Two ways to deal with downward folding
Then, is it really impossible for a graded B investor who has suffered a discount to admit losses and never turn over? There are two ways to reduce the loss of a fund master. He lost a lot in stock trading in 2007, but he made a comeback through the fund.
The person said,
Method one can be described as "rebirthing".
For example, the reason why GEM B is desperate after the discount is not only the direct loss caused by the high premium, but also the elimination of high leverage after the discount. In order to make up for the disappearance of high leverage, we can replace it with the share of high leverage B with the same theme and close to discount.
That is to say, investors who suffer from the discount of GEM B can change GEM B into Venture B with higher leverage after the underlying index has bottomed out twice or hit a new low, so as to maximize the rebound and recover losses.
In particular, the highly leveraged B shares on the verge of discount are a double-edged sword. If the market outlook continues to weaken, it may still cause further losses and even face another discount. This method is only applicable to investors with huge losses, less funds and confidence in the underlying index. Don't try unless it is absolutely necessary.
The second method is "Li Ying".
The person analogously said that the graded fund is like a pair of brothers. My brother lends money to his brother for stock trading, regardless of profit or loss, the income is his brother's. A share is like a younger brother, charging a fixed interest of 5%~7%. Although the income is less, it is safer. B-shares are like brothers, with high risks and high returns, but they need strong professionalism to control, which most ordinary investors do not have. If the investor's loss is between 40% and 50%, it is better to consider changing the B share into the A share, gradually increase the investment amount, earn a fixed income, and smooth the loss with time.
The fund experts reminded that after the discount, investors should seriously study relevant knowledge, sum up investment experience and avoid making mistakes blindly.
Financial information comes from cooperative media and institutions, and is the author's personal opinion, which is for investors' reference only and does not constitute investment advice. Investors operate accordingly, at their own risk!