In the face of recent shocks, the phenomenon of hot plate fast-forward and fast-out, it is difficult for ordinary investors to keep up with the rhythm. On the contrary, they may follow the "industry trend" and frequently encounter "Man Cang stepping on the air". Today, Bian Xiao will share with you the hot spots in the fund market. Don't blindly chase hot spots, for reference only!
Hot spots in the fund market have repeatedly jumped. Don't blindly chase hot spots.
The rotation of industries and styles in A-shares often exists, which is a manifestation of the short-term trend of the market. In each round of market, the rotation of the industry is fast and short-lived, even once a day or two, and the leading industries are different every time the market rises or rebounds.
In fact, just like forecasting the short-term trend of the market, most short-term hotspots of styles and industries are also driven by market sentiment, and the catalyst and duration of hotspots are difficult for ordinary investors to grasp.
Buffett said that few people can stand the pain of getting rich slowly. Investors themselves can't stand loneliness and always want to make quick money, so they like to "chase hot spots". In fact, it is difficult to make money by chasing hot spots every day, especially funds.
Therefore, fund investment should not chase hot spots, but look for hot spots.
Hot spots do bring opportunities, but they also easily lead investors to deviate from the established investment strategy and make mistakes in decision-making. The way to control yourself, calmly face opportunities and calmly grasp opportunities is to stick to strategies.
Funds don't have the best investments, only the most suitable ones. If you are a master of short-term operation and have a deep understanding of the cycle of an industry, of course, you can choose the time through the industry theme fund.
However, most investors are not professional. The premise of investing in an industry is that you have a certain understanding and research on this kind of industry, or you are optimistic about the medium and long-term prospects of this industry, not just attracted by the short-term market rise, otherwise it is difficult to grasp the trading opportunities and it is easy to catch up with the rising quilt.
A good track should have reasonable investment logic, long-term growth and solid performance support. At the moment when we decided to invest, we might as well think about it: is there a big market space for this industry in the future? Are companies in the industry capable of making money?
Buying a fund means telling the truth, choosing an industry with stable long-term performance growth, such as medicine and consumption, choosing a broad-based index to vote, or choosing an excellent fund manager to hold it for a long time. In the face of hot spots that appear in turn, if you lack the ability to get rid of the false and keep the true, then stick to the fixed investment of the fund and wait for the rose of time!
Lengthening the cycle of examining fund performance, don't worry too much about short-term fluctuations.
Judging from the recent performance and historical performance, the fluctuation of the A-share market is relatively large. So if you "pay too much attention to the market", it is likely that your mood will fluctuate with the ups and downs of the market. At this time, it is advisable to lengthen the time for fund investment and avoid making impulsive decisions because of temporary market fluctuations.
What we need to be clear is that there are two kinds of industry sectors. The first is to make money later; The second is to earn past money.
The future money is, what opportunities will this sector and this stock have in the future, and we are betting on future expectations; In the past, it was around value, making money around PB and PE.
There will be great differences between industries in different economic cycles. For example, five golden flowers (coal, automobile, electric power, bank and steel) performed best in the bull market in 2007, best in real estate in 2009 and best in bull market media in 20 15, all of which were branded with the era of China's economic development.
Every industry has its own characteristics and cycle. For example, medicine, consumption, science and technology, and the Internet all belong to the long-term cattle industry. Don't worry if the short-term income falls behind. Insist on long-term investment, and you will certainly reap the roses of time. There are also some relatively stable sectors, such as banks and public infrastructure, which are worth long-term investment; There are also some industries that have the function of hedging (military industry, nonferrous metals), and some industries with speculative value (brokers) are more suitable for short-term investment and seize the opportunity to make profits.
Do a good job in fund asset allocation
Asset allocation is a good means of risk management. Put some assets in equity, some in bonds, and the other in overseas assets and gold, and make a good distinction between asset categories, so as to achieve the effect of diversifying risks to a certain extent.
So how should we decentralize the industry configuration now?
For theme funds, it is necessary to build a portfolio, such as liquor theme, military theme, medical theme, environmental theme, financial theme and so on. Five or so combinations are relatively more suitable, depending on the amount of funds.
The core+satellite configuration strategy can be adopted, in which the core sector is mainly to obtain stable income, and some industries with long-term stable growth can be selected; The satellite sector is mainly to increase income, and you can choose some industries with large fluctuations. It is suggested that the allocation ratio of a single industry should not exceed 15-20%.
Although funds can help us get a good return on investment, we still need to be rational and cautious. Blindness and greed are not desirable.
In order to achieve excess returns, an ordinary investor needs to beat his peers-as long as you are more stable than others, calmer than others, less reckless, and more confident in sticking to a fixed investment when the market falls, you will naturally have the confidence to beat the average return at harvest.
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