If it is now facing a continuous shock cycle, how should we maintain a correct investment mentality?
Insist on doing the right thing and always reflect on yourself.
When the market goes down, I panic. I'm worried that the funds I hold will fall again and again. I panicked when the market went up. I want to redeem it, but I am worried that the income I earned will be spit out the next second. What should I do if I always fidget in the face of market shocks?
First of all, we must know that investment not only tests our cognition, but also tests our mind. We should not only stick to the right things, but also reflect on our own mistakes in time. It is most important to grasp the balance.
Buying funds should start from the long term, so if it doesn't rise or even fall in the short term, as long as the long-term logic hasn't changed, we must stick to it. On the contrary, if our stock selection is wrong, we also need to reflect.
Avoid chasing up and down.
Gui Kai, director of harvest fund's stock investment department, once said: "The change of market style is normal, and the most taboo for investment is the random drift of style. What I do is to persist in and constantly improve my methodology and pursue a long-term stable Alpha.
My stock selection principle is 12: quality first, valuation second, long-term first and short-term third. Starting from the three dimensions of business model, competitive advantage and industrial trend, we will invest in high-quality companies that can continuously enhance their intrinsic value with a longer-term investment perspective. In the medium and long term, we are optimistic about the core assets in the four fields of science and technology, big consumption, big health and advanced manufacturing. "
For us ordinary investors, the concept is the same. We insist on long-term value investment and improve our investment expertise through continuous learning.
Avoid conformity and believe in the power of professionalism.
Fund investment is equivalent to handing over funds to a professional fund manager. When we choose a fund, we must conduct an all-round analysis and recognize the management ability and investment philosophy of the fund manager. Since you have chosen, you should trust the fund manager, avoid conformity in investment and believe in professional strength.
It is very important to choose a fund that suits your risk preference, which can improve your sense of identity and trust in fund managers. At the same time, good fund companies and excellent fund managers depend on the recognition of investors. Those who can persist for a long time will eventually reap the roses of time. In the long run, timing is not so important.