What should I do after the fund is quilt? There are usually suggestions for covering positions. I don't deny that covering positions is feasible under certain conditions, but we can't understand it unilaterally. Last year, many people held the view that "the more they cover their positions, the more they lose money", but now it has become "the more they cover their positions, the more they reduce their losses and the more they make profits". The following small series will tell you how the fund can cover the position.

In 2008, I had a friend who was only 10,000 yuan. After listening to the advice of the "financial planner", I made up my position at 4,500 points and ran out of ammunition until it fell to 3,500 points. 4500 can let him go instead of waiting for 6000, but he was originally charged 1000, and now he is charged 200,000. 10000 yuan fell from 6000 points in the index to 2000 points, with a loss of less than 7000 yuan. But now the index is more than 3,000 points, and he still loses 40,000. Is the theory that covering positions can be released in advance a pleasure or a sigh for him? Even if there are real gains in the future, will the opportunity cost loss be great?

Mark Six was popular four or five years ago, and some people guessed the size. Some people only bet 1000 at first, and intend to bet on small ones forever. If they lose, they will double the original principal plus expected income and then bet. Just stick to it and stop if you win. I don't deny that this "gambling" method is correct, but in reality, if there is one, the ending is often the most tragic. Whenever it is seven or eight times in a row, there will be news that someone has jumped into Lingjiang. In addition to bad luck and greed, failure to examine one's own asset strength and risk control are also the main reasons.

If at 5: 30 in 2007, investors can slow down the idea of suicide; If futures traders insist on margin, they may win, but in fact there is no such if. Gambling is an investment way that transcends its own financial strength and is divorced from financial planning.

Covering positions should be regarded as a three-step way for people to buy new funds. One is to analyze customers, the other is to analyze funds, and the third is to put forward investment suggestions. When analyzing the clients' assets, those funds with losses or profits should only be regarded as the assets with current net value and only as part of the financial planning. When analyzing the characteristics of customers, his previous investment experience will have a certain impact on his investment behavior, but that's all.

Covering positions can only be carried out by customers with spare money that can be used for a long time, and the planned funds in core assets cannot be used for other purposes. How much to make up the position depends on the basic people's financial goals and expectations of the market, and the timing of making up the position also comes from the judgment of the market. The behavior of covering positions can be an integral part of the initial financial planning, or it can be a supplement to the financial planning according to the actual situation, but it will never be the mainstream investment way to reduce losses and increase profits. Covering positions is only a tactic in financial management, which matches the proportion of customer assets allocation and financial planning strategy. This is the purpose of covering positions.

There is no standard answer to how much to make up the position. However, no matter how to make up the position, you can't do without financial planning, and you can't be blinded by temporary joy and confused by temporary mistakes. From a small point of view, this is just a customer's asset. In a big way, it may be the lifelong happiness of customers. In the long run, in real asset management, it is most important to keep assets safe and control risks, and it is most important to gain profits rationally.

In this training, a colleague introduced the experience of recommending funds to old customers who lost money in the fund. She said to the client: "If you don't increase your position, you can't get rid of the fund before 6000. However, if you add a position at 3000 points, you can return to 4500 points even if you are temporarily quilted. " As a result, customers bought funds and made a lot of money this year.

It is understandable to attract customers to buy funds with such sales promotion words. If the market judgment is correct, it is better for them to have a double harvest of performance and customer assets. However, I am worried that this is divorced from the essence of financial management, mobilizing customers to increase their positions, and not considering customers' financial management goals and liquidity security needs. Even if you get good results in a short period of time, it can only be luck. Even if the ability to analyze the market is strong, as long as the analysis and judgment are wrong once, the customer will be in an invincible position.

Skills of extending reading to cover positions

1. When the market is in a downtrend channel or a relay rebound, you can't make up the position, because the further decline of the stock index will drag down most stocks.

2. Weak stocks do not make up. To make up the position, we must make up the strong stocks, not the weak ones.

There are basically three situations to cover positions: the first is the inverted pyramid, that is, the number of positions added is more than the original; The second is unified, that is, the number of overweight times is the same every time; Third, pyramid, that is, the number of holdings each time is less than half of the number of transactions in the previous batch.

Suppose that after we buy A shares in 5 yuan, the stock price rises all the way, and then we increase the price at 5.50 yuan, and then increase the price in 6 yuan to cover the position. Suppose we can buy 70,000 A shares with the total funds at hand. If the distribution is carried out according to the above three methods, there will be three different average prices: 5 yuan buys 1 1,000 shares in inverted pyramid mode, 20,000 shares are added at 5.50 yuan, and 40,000 shares are replenished by 6 yuan, with an average price of 5.7 1 yuan; Buy the same number of stocks in 5 yuan, 5.5 yuan and 6 yuan, with an average price of 5.50 yuan; However, 5 yuan bought 40,000 shares, 20,000 shares at 5.50 yuan, and 6 yuan bought 1 10,000 shares to cover the position, so the average price was only 5.285 yuan. If the stock price continues to rise, the 70,000 shares in hand will earn 0.2 1 yuan more than the inverted pyramid by evenly increasing their holdings. Pyramid bears earn 0.425 yuan more per share than inverted pyramid bears.

Obviously, the pyramids are better at making money. The same is true for reverse calculation. If the stock price is repeated, it will fall back to 5.50 yuan after breaking through 6 yuan. In this way, the inverted pyramid will immediately change from making money to losing money because the average price is too close to the market price, and the original floating profit will be wiped out; Unified overweight can only barely maintain profits or make up for losses in a small amount, which is often easy to give up. Only pyramid-like low average price is a better strategy.

Therefore, the correct way to make up the position is to follow the trend, maintain the pyramid-shaped buying price structure, make the average price relatively low, and ensure safety in price changes. [4]