It also includes the market style of the fund. If the market shows obvious blue-chip style in the short term, it is necessary to buy funds that favor large-cap stocks and values; If there are small and medium-sized stocks, buy a fund that favors small and medium-sized stocks and growth.

2. In the long run.

Any fund should adapt to changes in macro-economy and policies. For example, before 2065438+June 2003, the bond market experienced a bull market for nearly two years. However, under the influence of the interest rate hike and local debt audit caused by the shortage of funds, the bond market has been declining since then, so the bond assets should be reduced in time. Around 20 15, the interest rate keeps moving down, which is a good opportunity to increase the layout of the bond market.

3. Merrill Lynch investment clock

Different investment targets will have better or worse expected performance at different stages of the market cycle, and investors should observe the big environment before making a choice. The most famous theory is Merrill Lynch investment clock.

Recovery period: moderate growth and low currency, moderate economic growth, stable price level and low interest rate. At this time, we should buy stock funds and bond funds to share the high returns brought by the securities market.

Overheating period: high inflation, sustained economic growth, rising prices and rising interest rates. Reducing the proportion of equity funds and increasing money funds and short-term bonds can avoid the risk of rising interest rates.

Stagnation: deflation, falling prices, lower interest rates and economic slowdown. Increase long-term bonds and bank time deposits, and the fixed interest rate of long-term bonds can guarantee assets to a certain extent.

Recession: the growth rate of money continues to rise, and the risk of stagflation increases. Hold real assets such as houses, cash and money funds to avoid risks.

4. Correlation between different types of funds and economy.

Different types of funds have different main investment targets and different correlations with the economy, so the best time to buy funds is also different.

1) equity fund

And the economic cycle are inseparable. Timing needs to be based on changes in the securities market. The higher the position, the greater the correlation. Here are three ways to buy stock funds at any time.

Withdrawal of buying method: In the bull market, the rise and fall of excellent partial stock funds are continuous. Therefore, when the fund's net value continuously drops to the last 1/2 or even the last 1/3 of its weekly and monthly similar rankings, it may be possible to buy a relatively low price at this time.

Start buying method: even if you don't grasp the opportunity of bargain hunting, you can buy decisively on the second or third day of the fund's continuous rising stage.

Buying in the early stage when the fund manager's performance is outstanding: when the fund manager is replaced, the performance is obviously improved, indicating that the fund is fundamentally investing in financial technology.

When is the right time to buy a fund? The following situation tells you.

Wealth Management House Wealth Management House 20 17-07-25 16:36 Different types of funds have different investment targets and different degrees of relevance to the economy, so the best time to buy funds is also different.

The last article said when to redeem the fund. When these things happen, your fund can be redeemed. When should you buy a fund?

1, in the short term.

It also includes the market style of the fund. If the market shows obvious blue-chip style in the short term, it is necessary to buy funds that favor large-cap stocks and values; If there are small and medium-sized stocks, buy a fund that favors small and medium-sized stocks and growth.

2. In the long run.

Any fund should adapt to changes in macro-economy and policies. For example, before 2065438+June 2003, the bond market experienced a bull market for nearly two years. However, under the influence of the interest rate hike and local debt audit caused by the shortage of funds, the bond market has been declining since then, so the bond assets should be reduced in time. Around 20 15, the interest rate keeps moving down, which is a good opportunity to increase the layout of the bond market.

3. Merrill Lynch investment clock

Different investment targets will have better or worse expected performance at different stages of the market cycle, and investors should observe the big environment before making a choice. The most famous theory is Merrill Lynch investment clock.

Recovery period: moderate growth and low currency, moderate economic growth, stable price level and low interest rate. At this time, we should buy stock funds and bond funds to share the high returns brought by the securities market.

Overheating period: high inflation, sustained economic growth, rising prices and rising interest rates. Reducing the proportion of equity funds and increasing money funds and short-term bonds can avoid the risk of rising interest rates.

Stagnation: deflation, falling prices, lower interest rates and economic slowdown. Increase long-term bonds and bank time deposits, and the fixed interest rate of long-term bonds can guarantee assets to a certain extent.

Recession: the growth rate of money continues to rise, and the risk of stagflation increases. Hold real assets such as houses, cash and money funds to avoid risks.

4. Correlation between different types of funds and economy.

Different types of funds have different main investment targets and different correlations with the economy, so the best time to buy funds is also different.