After the year, the net value of various funds retreated a lot, including many star products of star fund managers. The rate of capital withdrawal is simply the biggest decline. Refers to the extent to which the net value of a fund falls from the highest level to the lowest level within a period of time. The following is the obvious types of 202 1 fund withdrawal collected by Bian Xiao _ the method of portfolio control fund withdrawal. I hope I can help you.
Five types of fund withdrawal
1 periodic fluctuation of periodic stocks. Many industries have strong cyclical fluctuations, such as automobiles, non-ferrous metals, construction machinery and other industries. If you buy at the peak of the cycle, that is, at the high profit point, and then in the down cycle, with the decline of profits, the stock price will often have a relatively large retracement.
2 Davis double-kill growth stocks. This kind of stock often happens when the industry prosperity of growth stocks changes or the investment logic is destroyed, because the stock market may have higher expectations. When the prosperity changes or the investment logic is falsified, the valuation and profit of this stock will face greater downward pressure, thus killing the stock price.
3 the impact of new technologies on the business model. The fundamentals of enterprises are facing challenges, and the impact of new technologies brings about the destruction of traditional business values. A typical example is the changes in the digital industry. In the early days, people may take pictures with Kodak film, but later, with the emergence of new digital technology, more and more people use digital camera products. If film companies can't complete the transformation, they will gradually decline.
I bought the stock of a poor company by mistake. If you buy the stock of a poor company, the business field is expected, or it is fraudulent or thunderous, there have been many similar cases in the capital market. Some financial problems can be judged by analyzing financial statements. Some companies may have clean financial statements, but behind them are financial fraud, but if we do in-depth industrial chain research, we can also see some tricks.
5 buy after the increase is too large. Some companies are good and the industrial logic is fine, but if the chasing rate is too large, there may be a retracement, or it will take a long time to digest the expectation of high valuation.
The method of portfolio control fund withdrawal
1 Asset position configuration. Asset allocation is to always do the right thing and put the most positions on the assets with the best risk-return ratio. For example, by continuously tracking the yield comparison between stocks and bonds, at the end of 20 18, we can see that the attractiveness of stocks is significantly higher than that of bond assets. When this happens, we should increase the allocation of equity assets.
2. The industry configuration is relatively scattered. Control the proportion of positions in a single industry, such as less than 30%, reduce the risk exposure of a single industry, and avoid more violent fluctuations in net worth. From the past experience, the large fluctuation of net value is unfavorable to the holder and the holding experience is not good. It is easy to chase up and down, which will bring unnecessary losses.
Liquidity matching of three stocks. It is necessary to emphasize the matching of individual stocks' liquidity, so as to avoid the fund manager from making mistakes and unnecessary losses to the holders due to liquidity problems.
Four taboos of investors' stock trading
1 full, the so-called full means that investors keep operating all year round. The most important thing in stock trading is to judge the general trend. When the general trend is good, actively do more; When the general trend weakens, you should rest in an empty position. Some investors don't do this. No matter whether the stock market is cold or hot, they keep on working. Like hardworking bees, they are busy for petty gain. In doing so, they will not only be in vain, but also encounter more risks. In the stock market, investors should learn to assess the situation and take a break according to the trend changes, so as to accurately grasp the opportunity that they should participate in the stock market. Only when you have a rest can you make money, otherwise all the profits you finally get will be handed in. Even after the stop loss, take a break, because you need to use the stop loss to prove that your mind was in a mess at that time. You must rest at this time, otherwise you will only stop loss.
2 Full profit. Full profit means that investors always want to buy at the lowest price and sell at the highest price, blindly pursuing profit maximization. Some investors like to pursue huge profits and always want to win all the profits of a stock. Therefore, they often take the elevator back and forth. Since last June 10, there have been three waves hitting 1700 in the market, but many investors have lost money instead of winning. The reason is that in order to earn more profits, they didn't stop taking profits in time, and the profits were eroded back. The fundamental principle for investors to maintain long-term stable profits is not to strive for maximum profits, but to strive for as many profits as possible. Steady growth is the right way to make money
3 Man Cang. Most of the first-generation large households in China stock market were broken because of the excessive Man Cang (overdraft), and were finally forced to close their positions by the exchange. Stock trading, like being a man, needs room for manoeuvre in order to advance and retreat freely. For retail investors, if all the money invested in the stock market is life-saving money to support their families, once Man Cang is trapped, the anxiety caused by huge psychological pressure will definitely affect the analysis and judgment of the market outlook, and the final result is self-evident. Even if you March and fight, you must have a reserve team and the stock market must have reserve funds. In fact, what Man Cang did more was a concrete manifestation of greed. The operation intention of not letting go of any opportunities and profits often leads to more opportunities being forced to give up.
4 complacency. Some investors often make gains when they first enter the stock market. When they became old investors, they gradually became blind and confident because they made some money, learned some indicators, read a few books, chased up and down, and quickly entered and exited. As a result, they lost more and won less, resulting in serious losses. Pride and complacency will hinder investors from improving their operational level and make investors' understanding of the stock market biased. The stock market is developing with each passing day. Anyone who is complacent will stagnate and eventually be eliminated by the stock market.