Redemption time
You need to decide when to redeem the fund. Similar to the point where stocks are sold, the redemption of funds is also very skillful.
Transfer of different types of funds
Fund investors are often taught to make "long-term investments". In fact, the long-term here should refer to the continuation of a certain market situation. Market trends can be roughly divided into bull market, bear market and shock market. Some types of funds may only be suitable for long-term holding in certain types of markets. When the market type changes, it is advisable to redeem the funds suitable for the original market type first, and then purchase the funds suitable for the new market type, that is, change hands between different types of funds.
Theoretically, equity funds are characterized by high positions, so that they can run faster in the bull market, but the problem with high positions is that once there is a big adjustment in the market, it is difficult to leave enough cash to open positions at low positions. However, hybrid or balanced funds can often seize the opportunity of opening positions at a low level in a volatile market, because there is room for opening positions, or it is relatively easy to reduce positions. Therefore, when the bull market turns into a volatile market, the performance of some balanced funds may be better than that of equity funds, and it is worth replacing the relatively backward equity funds with balanced ones.
However, in the practice of China stock market, it is difficult to predict whether the market will enter a volatile market. Long-term fluctuations (such as half a year or more) are rare, and the two-year adjustment cycle like 65438+May 0997 ~ 65438+May 0999 is even rarer. Common is a bull market that strengthens after a short-term shock, or a bear market that bears after a short-term shock. If the shock period is short, the conversion may not be cost-effective. For example, since the Golden Week in 2007, the market has to adjust and digest the high valuation for a long time, which may become a shock city.
When the market changes from a bull market or a volatile market to a falling bear market, it is difficult for fund managers to make money no matter how strong they are. At this time, even if it is very reluctant, it is necessary to turn partial stock funds into partial debt and currency, which is also a "safe haven for the stock market." This applies when the A-share market is not good and the overseas market is not good.
Conversion between A-share funds and QDII If A-share funds are not good, and there is a big bull market or high-speed growth market abroad, and QDII invests in this market in China, then a better choice may be to replace A-share funds with QDII.
"2: 30 pm" rule
Many investors who buy stocks and funds are familiar with the "2: 30 pm" rule. The China stock market closes at 3 pm, but the overall situation is usually fixed at 2:30 pm, so it is clear whether the market is going up or down. If you want to redeem a fund in the near future, it is not an old-fashioned practice to choose a day to redeem it at will. It is best to watch the market at 2: 30 pm in recent days and notice that the market has skyrocketed before issuing a redemption application, that is, you can redeem it with a higher net value that day. Of course, many investors are office workers, so it may be too late to go to the bank counter, so it is more convenient to open an online banking account.
Redemption method
The fund is also quite skillful in the way of redemption. If investors can sum up more in practice, it is possible to avoid big losses or gain many unexpected gains.
Set stop loss and take profit points.
Funds may also lose money. The fund's stop loss is particularly important when the market is at a high level. For example, the current A-share market is likely to continue to rise, but no one can say when it will suddenly collapse. At this time, it is necessary to consider setting profit-taking positions for the fund. Because there is often a large floating profit before the fund makes a profit, it is difficult for many people to accept setting the profit position at the break-even point like stock trading (considering the subscription and redemption fees). At this time, the acceptable profit-taking position is the position where the fund has made a profit of 50%, or the position where the fund's net value is 20% lower than the current net value, because the market often falls below 1/3, and the general trend has gone and must be redeemed.
For the base people who enter the market at a high level, the standard of stop loss is different. As the profit is less, it is suggested that the stop loss point should be set at the position of loss 10% after considering the subscription and redemption fees, so there is no need to worry about stepping on the empty space or worrying about excessive loss.
Batch redemption principle
Whether investing in stocks or funds, it is a good rule to open or reduce positions in batches. Investors who invest a large amount of funds or whose fund investment accounts for a large proportion of total assets can consider redeeming a part of the market by a certain margin (for example, 20%), which is conducive to reducing risks and leaving room for the recovery of money when the market plummets.
Reasons for non-redemption
Fund financing is a very serious matter. If your main purpose is to make money instead of entertainment, then it is necessary for you to strictly abide by some basic principles, just like the investment discipline of stock trading.
Long-term incentive fund
A stock does not have to be sold, mainly because the management of listed companies is trustworthy in their ability to continuously increase profits; Funds do not have to be redeemed, mainly because their fund managers have sustainable first-class asset management capabilities, not just because they are managed by excellent fund managers.
Some international public offering management institutions have a long history, outstanding reputation and tried and tested, such as cultivating Peter? Lynch Gerald. Cai's Fidelity Fund Company, etc. , often have a number of excellent funds, some of which even experienced the change of fund managers, can outperform the market in the medium and long term.
The growth and testing history of fund management institutions in China is still short, but some institutions with strong professional strength have initially demonstrated the sustainability of asset management capabilities. For example, Morgan Stanley, its superior fund of Morgan China, shines brilliantly in bear market, value return bull market and bubble bull market, while Morgan Alpha, which was established less than two years ago, and Morgan Growth Pioneer, which was established less than 1 year, all performed well. The funds of such fund companies do not have to be redeemed.
Another reason why such funds can't be redeemed lightly is that once they are sold, they may not be able to buy them back. Because considering that too large a scale will affect performance, such excellent fund companies or excellent funds usually stop subscription when the scale reaches a certain level (for example, 1 10,000 or10.5 million), but they are still open for redemption. Say "pause" but often stop for half a year, for example, Morgan China advantage, Huaxia market selection is a stop for nearly a year. If redeemed, it means watching the high returns created by these two funds in the past six months or a year run away.
A contented mind is perpetual feast.
Some investors feel uncomfortable holding funds for a period of time, so that they have to change their funds into the fastest ones in order to sleep. Most of these investors are perfectionists and always pursue the best. But no fund in the world can always run first, even Peter? Neither Lynch nor Buffett can do it. This kind of investor is physically and mentally exhausted and loses the original meaning of easy investment of funds.
Economist Simon once said, don't seek the best, just seek satisfaction. Fund investment is also expensive in contentment. Due to the plate rotation effect in the stock market, different funds with heavy positions in different plates may lead in a certain period of time. As long as your fund is in the same type most of the time 1/3, it is already a great achievement. In addition, the returns of different types of funds are quite different, and the risks and returns are weighed differently to a great extent. Although the income from buying stock funds is relatively high, it also means that you give up some sense of security.