Wen/Qing Shu Xiao Zhan
Fund trading strategies are generally divided into four categories: timing, fixed investment, asset allocation and rotation. I have talked a lot about fixed investment and asset allocation, and I believe everyone is familiar with it. Timing is also easy to understand, that is, when you are optimistic about a certain fund, you should make a single investment. Of course, it is best not to invest all the shuttles. You can refer to the pyramid method introduced by Qing Shu earlier. I haven't said anything about it.
It is suitable for pyramid investment method with profit-taking added
Recently, some people said that they couldn't understand the 28th wheel movement. Let Qing Shu explain. Well, Qing Shu likes to translate things that people can't understand into simple things that they like to see and hear.
The reason why people can't understand the 28-wheel movement is because this strategy is a trend investment strategy, which is very different from the value strategy of fixed investment and asset allocation that we have always been familiar with. The value strategy is to pay attention to buying low and selling high. The more you fall, the more you buy and sell overvalued.
but the principle of the trend strategy of rotation is "momentum effect". Pay attention to chasing up and killing down, that is, if the index rises, it will think that it will continue to rise later, then buy it, if it falls, it will fall even more, then sell it.
We are most familiar with the 28-wheel drive. Qing Shu will explain this in detail later.
1. What is the 28-turn strategy?
Generally speaking, it is the strategy of large and small turns. "2" stands for large-cap heavyweights accounting for about 2%, "8" stands for small and medium-sized stocks accounting for about 8%, and the 28-turn strategy refers to constantly switching between large-cap stocks and small-cap stocks and holding them in turn. At present, the strategy of each platform has added a timing indicator. When the market is not good, stocks are short and transferred to bonds or money funds.
Generally, the Shanghai and Shenzhen 3 Index is selected as the constituent stocks of 3 large enterprises with high representativeness, high liquidity and active trading in the Shanghai and Shenzhen stock markets, so it can approximately represent the overall trend of large-cap stocks.
"Eight" are all CSI 5 indexes, which exclude the constituent stocks of the CSI 3 Index and the stocks with the highest market value, and then select 5 stocks as constituent stocks, so it can approximately represent the overall trend of small-cap stocks.
There are two kinds of the most common 28-wheel drive, one is the snowball's egg roll 28-wheel drive, and the other is the Earl 28-wheel drive in zhang yi.
snowball omelet 28 bullfight
(1) After the daily closing, compare the closing data of the day with the closing data before 2 trading days, select the one with a larger increase in the Shanghai and Shenzhen 3 Index and the CSI 5 Index, and switch to holding the index at the closing of the next trading day;
(2) If both indexes fall, they will switch to holding government bond index at the close of the next trading day.
Wait a minute, zhang yi's Earl 28 Wheel Movement
(1) When the market closes every Friday (or the last trading day of this week), switch the CSI 3 Index and CSI 5 Index to weekly status, and check their cumulative gains in the past four weeks respectively. Which has seen a big increase in the past four weeks, then buy the corresponding ETF before the close and hold it for one week until the next switch.
(2) If the index that has increased greatly in the past four weeks is still losing money in four weeks, then choose short positions until the next switch.
The difference between the two is that snowball has 2 trading days and the slow one is 4 weeks. In fact, in general, 4 weeks is equal to 2 trading days, and the time is actually similar.
However, Snowball looks at the daily line and calculates the position adjustment every day, and slowly looks at the weekly line instead of calculating the position adjustment every week, so Snowball's more sensitive transactions may be more frequent.
In addition, when distinguishing short positions, the snowball is the bond fund, and the slow one is the money fund.
are the two products suitable for investment?
In fact, any strategy will be very effective and useful, but it can't be used forever.
28-wheel rotation is more suitable for the market with obvious trend, especially in the bull market. Holding an index can get better returns for a long time, and it can give early warning in time. When there is a retracement, it can redeem short positions in time to avoid the bear market, especially the cliff-like decline of A shares.
It's very unsuitable for the shock market. Using the 28-wheel strategy in the shock market will cause day trading to repeatedly hit his face, and it's easy for all the gains to be contributed to the fund company's handling fee.
Qing Shu pointed out that this product is frequently traded when Snowball launched the Egg Roll 28 Bullfighting. You see, he wrote that the historical test yield is very high, but one obviously said that the transaction cost is not calculated, and the income is actually very poor. Wait a minute, this is the result of considering the rate.
you can buy whatever financial manager v recommends. Have to pay IQ tax again?
No matter snowball or wait a minute, the selected revolving funds are Tianhong Hushen 3 and Tianhong CSI 5. The reason for choosing these two funds is that Tianhong's fund conversion rate is low, and the redemption fee is only .5%. Generally, the redemption fee for funds less than one year is .5%.
but the disadvantages of choosing these two funds are also obvious. Tianhong CSI 3 has a scale of only 1.1 billion, Tianhong CSI 5 has a scale of less than 6 million, but the egg roll has a scale of 2 million, and it will not be too small if it is not found. A small fund with a scale of only 6 million is passive, and 2 million funds are purchased and redeemed back and forth. The impact can be imagined, and poor tracking will inevitably lead to inaccuracy.
Third, can you still make a rotation strategy?
As Qing Shu said earlier, the rotation strategy is not suitable for the shock market, but more suitable for the bull market and the bear market with obvious trends, especially the gains from the bull market.
A few days ago, the Shanghai Composite Index was 11 consecutive years, and many people shouted that a bull market was coming. If you are optimistic and think that the bull market is really coming and relatively stable, you can make a rotation strategy. Anyway, the bull market is either a big market or a small market.
if you are pessimistic and think that this is just a small wave that shocks the market, then don't do trend rotation and stick to fixed investment or asset allocation. It is best to do grid trading, which is most suitable for the shock market. However, even if you do the rotation strategy, Qing Shu does not recommend snowballing or waiting.
on the one hand, the strategic platform charges a part of the fees; on the other hand, even though Tianhong's transaction fees are relatively low in the off-exchange fund, there is a .5% to .3% fee for each transaction, which is much more than the handling fee for the on-exchange fund rotation.
(Wait for the fee)
(Snowball fee)
You can make your own ETF trading according to the information released by the platform after you are optimistic about the strategy. If you open an account with Qing Shu, the transaction fee of ETF is .1% in one direction, and the share-based conversion base is only .2%, which is only 2/5 off-site. The share-based conversion base is only 1/5 off-site, and the stock-based conversion base is only 1/1 or 1/3 off-site.
if you open an account with another big brokerage firm (the staff won't let me disclose the name of the brokerage firm publicly), you can still get a 3% discount on the handling fee, and the fund transaction is 1,.7
Don't underestimate the difference of these handling fees, because the rotation strategy transaction is frequent, and the snowball back test data is 1.88 times per month on average, and the transaction cost is 3.4% in 12 months. The handling fee is a large sum over time. Think about buying government bonds with only 3.8% interest on a regular basis.
well, after the explanation of the 28 th round, who still doesn't know how to leave a message and ask questions?