? There are two core points in making money by fixed investment, namely, stop profit and stop loss. Take profit is to sell or sell a part in time when the market is high. Why take profits? Because according to the performance of A-shares in the past decade, the market is obviously short-lived and long-lived, that is to say, it always rises several times. So if you don't make a profit in time, the income is limited.
? When do you need to take profit? First, judging the general direction is to see what the current market is like under the big situation, such as bull market, bear market or shock market. What is the short-term state and what is the long-term direction. Second, to judge whether the market is expensive or not, we can refer to the valuation of major indexes and compare the average valuation of the past three years. If it is good, you can consider taking profit. Or you can refer to your own income target to make a profit, sell a part when it exceeds the target value, and then sell it after it exceeds it.
? It is also important to stop loss in time. Although there is an old saying, under normal circumstances, it is indeed a fixed investment to take profit and not stop loss, because the loss is just the time to reduce the holding cost, but it is a big mistake for funds with quality problems.
? What is the quality problem of the fund? First, the proportion of single product positions is too large, such as more than 20%. Second, holding stocks with stock storm or lightning storm risk and exceeding 5% of its investment quota. Third, in similar comparisons, funds with related indexes can't outperform for a long time. Fourth, the investment type is not very optimistic and the risk is not great.
Daily table 323
September 2020 1