It is normal for funds to go up and down, especially partial stock funds, which mainly invest in the stock market. When A shares fluctuate, the net value of the fund will also fluctuate. Bian Xiao sorted out suggestions on buying funds at the end of the year for your reference. I hope everyone will gain something in the reading process!
Six suggestions on purchasing base
1, don't just buy short-term gains, or sell them if they are not good!
It is normal for funds to go up and down, especially partial stock funds, which mainly invest in the stock market. When A shares fluctuate, the net value of the fund will also fluctuate.
I don't know if anyone has ever encountered such a thing. You always lose money by holding funds. After you sold it, you found that the fund went up. As a result, you bought it again, then the fund fell again, and then you chose to sell it. As a result, the fund went up again.
Actually, this is not a curse. If you look at the short-term income of the fund and buy well, it is likely that this wave of market will really rise. When you enter the market at a high level, it is likely that the market will level off or repair, and you will have a holding period loss. Once and for all, you won't get any benefits, and you will pay a lot of tuition (fees).
CITIC Securities recently plotted the weekly performance of the common stock fund index, with the rising week marked in red and the falling week marked in blue. Every week, it rises 56% of the time and falls 44% of the time. It is almost impossible for us ordinary people to set foot on the Red Square and avoid the Blue Square perfectly.
In a volatile market like this year, if it follows the trend, it is estimated that it will not make much money in the end.
2, don't look too high to buy!
Many friends buy funds based on their net worth. Do you have it with you? For example, if you see a fund unit with a net value of 3. _ _ _ yuan, you dare not buy it. If you think the price is too high, you will definitely fall behind.
Such a comrade, you should wake up. There is no room for the net value of the fund to rise. Whether it can rise in the future is not necessarily related to how much it has risen in the past!
The net value of a fund is determined by the price of a basket of securities (such as stocks and bonds) it holds. Take partial stock funds as an example:
The price of a basket of stocks held has risen (assuming that the prices of other assets have not changed much) → the net value of the fund has risen.
Although the upside of a single stock may be limited, it does not mean that the upside of partial stock funds is also limited. Because partial stock funds gain income by holding multiple stocks, when fund managers think that one or several stocks they hold have risen enough, or even oversold, they often choose to find new stocks with room for growth to optimize the position structure.
Simply put, it is to sell the "expensive" ones, buy the "cheap" ones back, and then sell the gains when the "cheap" ones increase in value?
3. Don't look at the fund name with "XXX Industrial Fund", just get on the bus!
Is technology hot these days? A friend saw the word "technology" in the name of the fund and bought it. Just like buying a pharmaceutical fund last year, some friends even hold more than a dozen theme funds in this industry at the same time.
Industry theme funds fluctuate greatly, so it is suggested that you must prepare for certain losses according to your risk preference.
This year's hot science and technology theme, CITIC Securities screened the funds with the word "technology" in their names, excluding index products and products invested in other industries, and finally got 40 products (excluding the established and expired parts this year). Since the beginning of this year, the yield differentiation has been serious. The highest rate of return can reach 9 1.64%, while the lowest rate of return is only 25.07%.
If you rush in and buy a few funds on the left in the above picture in the middle of the year, it is likely to be a loss. Catch up with the "window" of hot industries. Not all funds in this industry can "fly", and blind betting will lose money.
Hot industry theme funds can't be bought. Paying attention to industries with long-term high growth potential, funds with sustained and steady performance and funds with excellent investment ability of fund managers are the correct ways to open our get industry theme funds.
4. Don't hold too many fund products!
"The funds I saw were all good. I picked my eyes and bought them all." Finally I counted 40 funds.
As the saying goes, "Don't put your eggs in one basket", but don't hold too much money. Diversification doesn't mean that the more money you hold, the more diversified you are.
First, if the funds you buy are concentrated in one or two industries, it means that the funds you hold are highly correlated and the risks are more concentrated. You think that you bought more than one fund, which is essentially equivalent to "buying a fund"; There are too many second funds to track. If the research on each fund is not deep enough, it is easy to buy bad funds, which is also a risk. For example, some people buy funds according to short-term performance rankings and hot spots, and the performance sustainability is not necessarily good.
According to Morningstar's statistics, if you hold more than four randomly selected stock funds, the risk will not be significantly reduced. As shown in the following figure, from holding 10 funds, with the increase of the number of funds held by investors, the risk of different fund portfolios decreases very limited.
So you don't need to buy a lot of funds, just 5-6 ordinary people. You need to allocate different types/styles of funds, such as large-cap funds or small and medium-sized funds, and then allocate some bond funds to reduce investment risks, and allocate a certain proportion of money funds to meet daily cash needs.
5. "Buy new base" or "buy old base"? Don't be too entangled!
In the past two years, the explosion of new funds in the market has been hot, and there are many phenomena of selling out and snapping up in one day. There will be a popular new fund next year. Should I choose a new fund or an old fund? A lot of gay people are struggling.
It is suggested to consider from two dimensions:
First, the market situation. There is a saying in the stock market that "the bull market buys the old base and the bear market buys the new base". The reason behind this is that in the bull market, the old fund has a higher position, which can keep up with the upward rhythm of the market and the net value rises rapidly; However, in the bear market, new funds are still slowly opening positions, and the proportion of opening positions is low, which can better avoid the collapse.
Second, buy according to your actual needs. If investors have their own judgments on the market, have in-depth research on different funds, and have optimistic fund managers, the old funds that have completed their positions and operated for a long time are more suitable; If investors are worried about future market instability, they can also consider new funds and hand over position control and timing to fund managers. If they can't control it, they may also consider a certain closed holding period.
6. Don't forget the "discipline" of the friends who voted for it! ! !
If you are a small partner who makes a fixed investment, don't rashly interrupt or stop the fixed investment because the market has gone up or down. Fixed investment is to help us dilute our judgment on the market. If you have to "choose the time" halfway, you will lose the original meaning of the fixed investment.
Compared with "deliberate" timing, the effect of pure fixed investment may be better, because fixed investment itself is a batch investment, which weakens timing and does not care about market prices. For investors who want to avoid chasing up and down, this investment method is more disciplined. If you put your money into long-term investment, you will have a better chance of getting a relatively even return in the market.