Bonds can be pledged to securities companies in exchange for standard bonds, and then the scale of funds can be expanded through repurchase. As mentioned above, buy pledged urban investment bonds, expand pledged repo, and then buy similar urban investment bonds. The risk he didn't say was mainly the location explosion. Since the end of 20 13, Deng Zhongjie has been temporarily reducing the conversion rate. Due to poor risk control, it faces the problem of repaying funds to the exchange, but it has no cash and can only sell bonds, resulting in losses. But this is also an opportunity for OTC funds to make up for loopholes.

During the bond holding period, the remaining maturity of the bond will gradually shorten, and its yield will decline along the yield curve. The benefits to investors are called riding effect. Due to low liquidity, bonds are an excellent place for retail harvest institutions. The institutions here mainly refer to bond funds, because bond funds usually need to rate the bonds they invest in when issuing, and then the opportunity comes. When the bond valuation decreases, no matter whether the bond fund is willing or not, it must be thrown out. Many bond funds lost money as a result. Bond fund managers rushed to sell, and bond prices fell sharply.

It is necessary to establish your own stock selection pool, dynamically manage and track stock selection, and then you can buy. You can avoid the Man Cang Black Swan incident or a heavy stock, and avoid the impatience of not rising or being stuck for a long time. The stock portfolio should be stocks of different industries and different themes.

There is no need to add positions, reduce positions or empty positions against the trend. Strictly abide by the lifeline operation discipline. When the market and individual stock prices are running on the life line, you should do more, and vice versa. Lifeline mainly refers to the moving average. Generally speaking, short-term operation is 10 moving average, and long-term operation is 20-day or 30-day moving average. Bulk sale. When you have the opportunity to enter the market, you should buy multiple stocks in batches. Similarly, when there is a selling opportunity, we should also sell in batches and pay attention to position control. When the market rises sharply and individual stocks generally rise, they should be heavily operated; On the contrary, it is necessary to lighten or empty positions.