Analyze when is a good time to make a fixed investment. The recent stock market market has been relatively flat, with mixed ups and downs. The index was red one day, but it will be green the next day to prove the quality of a "scumbag".

After repeating it several times, I couldn't bear to redeem it, and I couldn't make the move to increase my position.

The editor here summarizes when is a good time for fixed investment for your reference. I hope you will gain something from the reading process! What is the real return of fixed investment? 20 years is too long. Let’s take a look at the market highs in recent years.

It has been held since June 1, 2015, and the income is based on fixed investment or one-time purchase.

Since the one-time investment on June 1, 2015, except for the Shanghai and Shenzhen 300, which has slightly increased, the other three major indexes have been negative, and the Shanghai Composite Index has fallen as much as 27.98%.

In comparison, fixed investment can be said to be booming.

During this period, if you choose high-quality fund products for fixed investment, the average income obtained is likely to be higher.

The market point on June 1, 2015 was 4828 points. The deadline for the above data calculation is April 19, 2021, and the market point is 3477 points.

(Data source: wind) Are you a little confused when you see this? Why can investors make money even if the market has not returned to its original position during fixed investment? Everyone is familiar with the "Crooked Smile Curve" of fixed investment.

A smile represents that the market first fell and then rose, returning to the original starting point. Both sides are symmetrical.

Now fixed investment does not require the market to go through a complete "smile curve". Before it returns to the original point, only the "crooked smile curve" can make a profit! The "crooked smile curve" means that the market trend is "high on the left and low on the right."

"The state is like a person smiling crookedly.

The "crooked smile curve" is not something we created out of thin air. There are profound mathematical principles behind it, which come from the very famous "mean inequality" in mathematics.

When a bunch of numbers such as a1a2a3 are greater than 0, their two averages and the harmonic mean are generally less than or equal to the arithmetic mean.

In "fund fixed investment", the bunch of numbers a1/a2/a3 represent the net value of the fund. The average cost of fixed investment is equivalent to the "harmonic average", and the average of the fund's net value during the fixed investment period is the "arithmetic mean An".

As long as the net value of the fund fluctuates, the harmonization will always be less than arithmetic, and the average cost of fixed investment will always be lower than the average net value of the fund during the fixed investment period.

Therefore, the average cost of fixed investment in a fund is much lower than you think. You don’t have to wait until everything that fell in the early period to recover from the fixed investment returns. As long as the average net value of the fund exceeds the average cost of fixed investment, fixed investment will start to make money.

Is now a good time for fixed investment? Now that I understand the charm of fixed investment, is now a good time for fixed investment? The editor has two colleagues, Chaochao and Xiaohong. Times have changed and they have been insisting on fixed investment for more than 5 years, but

The entry points are one after another, the points are one high and the other is low. Who is more profitable? Let me give you a review of the past. Chaochao is a die-hard fan of fixed investment. In 2015, when many people were still worried about the big drop that year,

He started fixed investment in the Shanghai and Shenzhen 300 Index Fund on Christmas.

Chao not only strictly implemented it himself, but also often "brainwashed" us, so my colleague Xiaohong also signed a fixed investment plan.

I remember that at that time, Chaochao started to place fixed bets at 3627, Xiaohong’s was at 2833, and the entry point was even lower.

From then on, the two started a marathon of fixed investment.

Using the Shanghai and Shenzhen 300 Index as a simulation, as of December 31, 2020, Chaochao's rate of return was 42.12% and Xiaohong's was 39.82%. Considering that Chaochao had invested earlier and had more principal, the absolute amount of income gap was even greater.

Big.

Xiaohong's entry point is lower, obviously cheaper than overbought. What's going on? The reason is that fixed investment is a long-term uninterrupted investment, not a single purchase.

Choosing a lower time point to start fixed investment only means that the investment cost of this period is lower, but it does not guarantee that the investment cost of the entire fixed investment cycle will be low.

Although Xiaohong started betting at a lower point.

But compared with Chaochao, it was much later. During this period of time, the market fluctuated and fell, and Xiaohong missed more opportunities to buy shares at low prices.

In the past two years, the returns of funds purchased by many investors have generally been unsatisfactory. What has caused the substantial losses of most funds? Regarding these questions from investors, Li Ying, an analyst at the Shanghai Securities Fund Evaluation Center, pointed out that first of all, fund products are essentially a package

The return performance of securities investment portfolios and funds is inseparable from the performance of the underlying underlying market.

In the market environment where the stock market continues to decline, it is difficult for stock funds, hybrid funds, etc. that mainly invest in stocks to achieve positive returns.

When the stock market rises, most equity funds tend to achieve positive returns.

Therefore, it is impossible for the fund to create a myth and create high positive returns under the continuous market decline in recent years.

From the perspective of long-term performance, in most cases, the overall performance of funds is better than that of individual investors. Especially in bull markets and volatile markets, the comparative advantages are more prominent.