After years of ups and downs, it is not difficult to understand the panic of the people. Whenever the market goes up and down, it is a time to really test investors. Bian Xiao sorted out 3600 fund investments here, whether to go back or stay, for your reference, I hope you can gain something in the reading process!

Return to 3600 points. Should fund investment go or stay?

1, control your restless heart

A shares returned to around 3600 points. On the one hand, it is a small partner who has already invested. Do you want to make a profit On the other hand, there is a small partner who has not invested, considering choosing a car.

In the final analysis, it is a question of investment mentality. Most of us belong to the type of "both want and want", which is also the result of human nature. We are both "greedy" about the rising market and "fearful" about the possible market decline.

The rapid rise of the short-term market will bring some wrong investment behaviors after investors have relatively high income expectations. For example, they think that their principal investment is less and they don't earn enough, so they start chasing up; Or believe in your timing ability, and want to avoid short-term decline to earn market income. , but frequent operation may not be ideal in the end.

For the current market situation, there are three types of people who are more entangled:

Investors with short positions did not expect this round of rise at all, and finally ushered in a "rice market", but they could only silently watch others "dry rice".

Investors with light positions rarely have a round of income. Because their positions are too light, they feel that they have earned the index and have not made any money.

Investors who are afraid of falling and lightening their positions, the market has just risen a little, and the fund will be redeemed as soon as it comes back.

With the ups and downs of the stock market, emotions certainly have ups and downs. Compared with deliberate timing, fixed investment will be much more practical. Fixed investment itself is a process of continuous jiacang. There is no need to entangle whether to increase or decrease the position. If the fixed investment period is set for a long time, then the market is going up or down now, and it is only a short-term "small spray" in the long run.

In addition, setting reasonable expectations can also avoid our mood swings, but whether the expectations are too low or too high, investors will easily fail to fully enjoy the money-making effect of equity funds. So how many reasonable expectations have been set? Referring to historical data, according to the annualized average rate of return of 10- 15%, the long-term income expectation of equity products is reasonable.

2. Have a basic understanding of the market fever.

When considering whether to lighten up, although we can't accurately predict the rise and fall of the market in the next trading day, we can try to have a basic perception of the market heat.

The valuation level, trading volume and turnover rate of the index, the number of new accounts opened, and the share of fund issuance. These data can help us to have a general understanding of the heat of market sentiment.

Don't lay out in fanaticism, don't be timid in cold and cheerless. Excessive market heat often means that the probability of future heat decline will be significantly greater than the probability of heat continuing to climb.

3. Investigate whether the funds in hand can continue to make money.

(1) actively managed funds with long-term historical performance

Although the past performance does not represent the future performance, the past long-term performance is excellent, which at least shows that the fund can maintain a relatively stable level for a long time, and the probability of obtaining stable and sustained performance in the future is relatively high.

Therefore, if the fundamentals of the fund are good, the performance and investment style of the fund manager are relatively stable, and the investment strength and reputation of the fund company are good, you can consider holding it for a long time.

(2) Short-term outbreak of theme funds

Whether active or passive, the investment scope of theme funds is relatively narrow. If the theme is over and the market cools down accordingly, it will be difficult for funds to keep rising.

In this case, it is particularly important to do a good job in matching and selecting funds. Once the market has passed or the related industry index is obviously overvalued, you can consider lightening your position.

For individual investors, fund managers suggest "actively building positions and balancing the structure", giving up small-band judgment, returning to the main line of economic operation, trying not to do or only doing small-position industry or theme rotation, insisting on long-term investment and ignoring short-term noise and interference.

History 3600 points

I believe investors can still remember the last 3600 points. At the beginning of February this year, the Shanghai Composite Index broke through 3,600 points in one fell swoop, reaching a peak of 373 1.69 points, and then all the way back. During this period, many funds withdrew more than 20%, but so far many funds have recovered their lost ground.

In the face of such a recent "bull market", many people began to worry: can they still buy funds at 3600? Will history repeat itself and the funds in hand be redeemed?

Judging from historical data, it is normal for the Shanghai Composite Index to rise and fall since its establishment. Looking from the big historical cycle, the Shanghai Composite Index has passed 3600 points for six times, among which, the Shanghai Composite Index once exceeded 3500 points at 20 18 1 month, but failed to go up to 3600 points.

Even with the data of 6 124.04 and 5 178. 19, the Shanghai Composite Index fell by 40% and 30% respectively, while the partial stock hybrid fund index still achieved outstanding excess returns in the same period.

Therefore, for a good fund, the rise and fall of the market is a sufficient condition to determine whether it makes money, but it is not a necessary condition. A good fund can surpass the ups and downs of the market and obtain excess returns.

How to choose a fund for 3600 points?

First look at the concentration of fund managers' positions. The allocation of which industry the excess return comes from can better reflect the strength of fund managers and is more suitable for ordinary investors.

Second, observe fund managers from a longer time dimension (at least three years) and choose those fund managers who can show excellent ability in both bull and bear markets.

Third, try not to buy too many funds at a high level to avoid chasing up and down.

If you want to buy a promising fund, but the market is already at a high level of 3600 points, and the callback risk is relatively high, then you can consider buying in batches. Even if you call back to 3480, there is nothing to be afraid of. Think of it as accumulating shares, and then rebound to earn more income.

In short, no matter whether the short-term market is up or down, not predicting the market, always participating, interacting with time and waiting for the flowers to bloom, is the best investment method, taking advantage of the trend and doing things with high probability.

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