Buying funds, especially active funds, is to find someone to help us in stock trading, so it is very important to find the right person. We must find a principal among the fund managers.
Of course, Xueba is also a human being, and it is impossible to get full marks every time. It's normal to make mistakes once in a while, but Xueba usually recovers quickly. Generally speaking, as long as there is no big problem, the later scores can be caught up. After all, this is the ability.
The first step is to find a fund manager who has performed well all the year round. The second step is to silently wait for the opportunity, wait for the Xueba fund manager to play abnormally occasionally, and then go to the bottom.
The first step is to find the fund manager. Let's take Xie Zhiyu of Xingquan Fund as an example. This fund manager can be said to be a recognized scholar among fund managers.
Xie Zhiyu, the fund manager, has 8 Golden Bull Awards and 8 Star Fund Awards in the fund industry, all of which are very authoritative awards.
Equivalent to the Oscar of the fund. In terms of performance, Xie Zhiyu's fund manager has been in business for more than eight years, and the annualized income of funds managed is as high as 28%. Warren Buffett's long-term average annualized income is around 20%. Of course, Buffett's stock trading time is much longer. The maximum retreat is 3 1%, which is very well controlled.
Then the second step is to wait. For example, in the bear market, the funds managed by Xie Zhiyu began to decline and began to retreat. When they retreat from the highest point 10%, they can start buying in batches, and they can choose to buy a gear for every 5% increase in retreat.
All investment experts are not pursuing a steady win, but always standing on the side of high probability.
The underlying logic of this strategy is to believe that excellent fund managers will eventually be among the best when their performance declines due to external factors.
When choosing a fund manager, we should also look at the working years first, and give priority to fund managers who have experienced a complete bull-bear market cycle.