Do you have an answer in mind?
This seems to be a psychological game, because the same increase is more uncomfortable than making money. But which fund should we throw away?
If you are in a market with incomplete information disclosure, you can't know whether the loss or profit of the fund is caused by the performance of the fund itself, or by the change of the fund manager or the change of the whole market environment. It doesn't seem to matter which one to sell. Even under the action of mental account, you will give priority to selling the profitable fund in your hand, and keep the loss-making fund until it is profitable 1 165438+.
Just like many small whites did not have the analytical ability of stock selection when they first came into contact with financial management, as long as they learned the basic operation of stocks, they immediately followed suit to buy stocks. Once the stock market fluctuates, even if the profitable stocks have made up for the losses in their accounts, when they are short of money, more people will choose to sell profitable stocks to make up for the losses. As a result, due to performance problems, the stocks in hand tend to fall more and more.
However, in a market with full disclosure of information, if investors can easily draw the conclusion that the fund they hold is good or bad, then for a fund that can't make money continuously, even the loss will continue to enlarge the fund, and the outcome will be reversed. They often sell bad funds and continue to hold funds that can bring them sustainable income.
Because even if you lose 10%, it is much better to cut your own meat than to sell the fund that makes money and hold the fund that loses money. The loss in your account may be even greater and more unacceptable in the future.
What's more, as long as the fund that makes money can keep fluctuating upwards, it may be easier for the money that loses to return to the capital. Even, you can easily find similar funds with better performance and lower risk in the market by obtaining the results of good or bad funds.
This kind of ending is reversible, which is determined by whether the stock or fund in hand is good or bad and whether it is easy to get from the market. This seems simple, but it is not so easy to realize in real life.
The reason is simple, but the reality is not so easy to decide.
First, as product organizations, they only sell the products they represent or sell, and do not sell or recommend other best products, so the information disclosure will not be sufficient.
Second, in most cases, as a fund sales organization, it will not be responsible for the future performance of the products it sells, just like buying and selling with a hammer, and it will not be responsible after buying. Will not be responsible for the follow-up of investors.
Third, it is difficult for investors to obtain effective information from the market to distinguish the stock itself or the fund itself. Even if the financial statements of the third quarter of the stock come out at the end of this month, even if investors can see the annual report, semi-annual report and quarterly report regularly disclosed by the fund, it is still difficult to analyze the quality of the stock and the quality of the fund.
This is the asymmetry between specialty and market, which makes it very difficult to obtain information.
At this time, you may need to consult a completely independent third-party consulting organization, or you may have to pay a certain consulting fee for the research and suggestions behind them. But this may be the best way for investors to obtain market information more effectively.