In terms of research, the macro level pays attention to production factors, including rising labor costs, increasing environmental and energy pressures, and the development of mobile Internet technology. Pay attention to industrial upgrading and consumption upgrading at the meso level; Pay attention to industries and companies that meet and lead the development trend of the industry at the micro level.
In terms of valuation, the valuation of growth stocks should not only rely on simple static PE, but also adopt market value valuation method, not limited to short-term PE or PEG valuation; Besides, high growth rate is as important as high quality. Looking forward to the three-year dimension, the industry in which high-quality growth companies are located usually grows faster than GDP.
In operation, the author aims at pursuing sustainable absolute income and compound interest income, and pays attention to exit risk. In the specific operation, choose stocks with attractive risks and returns to build a portfolio, while maintaining a certain degree of dispersion in the industry; In terms of the number of individual stock positions, it is maintained at around 25, and the individual stock positions are low to reduce investment risks.
On the market side, the author will judge from four aspects: valuation, profitability, liquidity and market sentiment. Judging from the valuation, A shares are currently at the bottom of the middle and lower level in history. In the past 10 years, the Shanghai and Shenzhen 300 Index was in the 40th percentile of PE valuation and the 20th percentile of PB valuation, which was a relatively low position. Compared with American market, European market, Brazilian market and Indian market, the domestic market is now cheaper and more attractive to foreign investment.
It is not difficult to say that investment and financial management are difficult, and it is not simple to say that it is simple. For people who know how to manage money, what kind of financial products to buy and how to allocate their own funds have come to a conclusion without much consideration. But for people who don't know how to manage money, even if they have the heart to manage money, they will always hesitate, resulting in a waste of time. You know, in financial management, time is money. If you don't fully grasp the time, it is tantamount to wasting money.
1. If you want to choose wealth management products, you must proceed from your own situation and consider your own economic ability and risk tolerance. It is not that the higher the income, the better the wealth management products. Choosing the right financial products and obtaining stable income is the correct way to manage money. When you choose a wealth management product, its risk, safety, liquidity and so on should be taken into account. Of course, its income must also be taken into account.
2. If you don't have much money, don't want to take too much risks, and need to use money at any time, choose financial products with capital preservation and current demand, such as money funds, reverse repurchase of government bonds, and bank deposits. These are the things you should choose when choosing financial products.
3. If you have sufficient funds, little liquidity demand and can take certain risks, you can pursue some high-risk and high-yield investments, such as stocks, gold and futures. These are the directions you can choose when choosing wealth management products.
4. Summary: Make clear your risk preference. If you can't stand the loss of more than 10%, don't buy high-risk wealth management such as stocks, futures and foreign exchange. Know whether your funds need liquidity. Some wealth management products have high returns but poor liquidity. You can look at the deposit products issued by banks in Internet finance, which are higher than ordinary deposit banks, and some products have good liquidity.