We must admit the fact that no fund manager can adapt to all market conditions.
The personal style and investment philosophy accumulated by fund managers in their long investment career are sharp tools to lead us through bulls and bears, but it does not mean that star fund managers can adapt to all market conditions.
If fund managers are compared to craftsmen, their investment style and concept are their advantages. What fund managers need to do is to continue to polish their skills, so that the managed funds can cross the bulls and bears and get rich long-term returns. However, no one is perfect, and it is not omnipotent to become a star fund manager in time. When the investment concept matches the market-oriented style, funds often perform well. On the contrary, the short-term performance of the fund may appear mediocre.
Due to internal and external pressures, there has been a continuous correction in the market, and investors may have doubts about the funds in their hands and the originally optimistic fund managers. But in fact, even if it is now ten times as large as Niuji, the fruits of investment are not smooth sailing, and there have been many sharp pullbacks in history.
If you buy a star fund, you need to know more about the investment style and concept of the fund manager and be more patient. If you invest with idle money that has not been used for at least 1 year, the stock fund itself fluctuates greatly. If you happen to encounter urgent need of money during the market callback, you can only bear the loss and leave. Subsequent gains have nothing to do with you. This investment method is obviously not desirable.