In fact, we often say that long-term holding is more for one-time investment, but for the fixed investment of the fund, the rate of return of the fixed investment of the fund will not always increase with the increase of the number of fixed investment periods.
We can take the Shanghai and Shenzhen 300 Index as an example, and make a monthly fixed investment on the Shanghai and Shenzhen 300 Index to see the relationship between the number of fixed investment periods and the rate of return.
If the fixed investment starts in 2005 and lasts until 202 1, and the fixed investment is 16, the peak of the yield appears in 2007, and there is no obvious linear relationship between the yield and the number of fixed investment periods and years. It fluctuates with the market.
How to understand the phenomenon of average cost passivation in fixed investment of funds?
With the increase of fixed investment periods and the continuous accumulation of principal, the impact of a new fixed investment on the whole fund investment has been smiling, and the fixed investment has lost the advantage of diluting unit cost in market fluctuations.
Some institutions have found that after the fixed investment of 1000, the average cost trend of the fixed investment strategy is basically consistent with the trend of the net value of the fund, which also reflects the passivation phenomenon of the fixed investment of the fund. Their conclusion is that the number of fixed investment periods is less than 20, and the effect of cost sharing is the best.
Fixed investment for 20 periods, if it is a monthly investment, it is about two years, so it cannot be inferred that the yield effect of fixed investment for two years is the best, because the final yield of fixed investment depends on the market situation after the start of fixed investment.
The correct way to open the fund's fixed investment is to make a fixed investment plan, set profit targets, make profits in time, and start a new round of fixed investment.