Recently, the market has fluctuated, and the number of small partners who are concerned about the fixed investment of the fund has also increased. Some people decided to set up their own fixed investment plan immediately. I heard that the longer the fund invests, the better the effect, and decided to set a fixed investment for ten years and eight years. How long has Bian Xiao organized the foundation here? It has the best effect for your reference. I hope you can gain something in the reading process!

What is the return on the fixed investment of 16?

Let's look at a set of data first.

With the Shanghai and Shenzhen 300 Index as the investment target, we started to invest regularly every month from June 5438+1 October 1 to April 20021,and * * fixed investment1for more than six years.

The highest cumulative yield of fixed investment is 5438+ 10 in June 2007. Since then, even if we have a longer fixed investment, the cumulative rate of return has not been higher.

What the hell is going on here?

"Passivation" Phenomenon of Average Cost of Fixed Investment

The answer is simple: there are too many fixed investment periods, and the average investment cost is "passive".

For example, the cost of the first fixed investment is 10 yuan, and the second is 6 yuan, so the average cost is 8 yuan, and the average cost is well shared.

If 100 has been fixed, the average cost of the first phase 100 is 10 yuan, and the cost of the first phase 10 1 6 yuan, then the final average cost is (100 _/kloc-

This is the average cost of "passivation" of fixed investment.

It means that due to too many fixed investment periods, the latest fixed investment has little impact on the whole fund investment, and the fixed investment has lost the advantage of "diluting the unit cost in market fluctuations".

Huatai Securities found through calculation that after the fixed investment 1000, the average cost chart of the fixed investment strategy is basically consistent with the trend of the fund's net value, which reflects this "passivation" phenomenon.

Within 20 fixed investment periods, the cost sharing effect is better.

In this case, how long is the right time to vote?

According to the research of Huatai Securities, if the number of fixed investment periods is 20 or less, the average investment cost can be well reduced. After 20 periods, the average investment cost tends to be stable.

Therefore, from the perspective of cost sharing, if it is a monthly fixed investment, then it is best to invest for 2 years.

But pay attention! It does not mean that you can get the highest rate of return after two years of fixed investment.

The final rate of return of the fixed investment of the fund depends on the market situation after the fixed investment.

It is also a two-year fixed investment, one is a bear market that falls unilaterally, and the other is a bull market that rises unilaterally. The income situation is definitely different.

In addition, we cannot predict whether the market will go up or down in the future.

Perhaps the yield of fixed investment has reached 50%, which is higher than ever, but it does not rule out the possibility that the market will continue to improve and the income will reach a new high.

Therefore, it is unrealistic to pursue the so-called "best fixed investment income effect".

A more practical method is to set a profit-taking line. After the fund's fixed investment yield reaches the profit-taking line, it will choose redemption (one redemption or partial redemption) and then start a new round of fixed investment.

abstract

1, the fixed investment of the fund is not fixed investment, the longer the better. If the fixed investment period is too long, the average investment cost will be "passivated", and it is difficult to take advantage of cost sharing.

2. If the number of fixed investment periods is 20 or less, fixed investment can well reduce the average investment cost.

3. The specific rate of return of the fund's fixed investment depends more on the market situation after the fixed investment than on the fixed investment time. It is unrealistic to want to get the "best fund investment effect". The correct way to open it is to set a profit-taking line-redeem it after reaching the profit-taking line-and start a new round of investment.

In fact, we still have a choice, that is, choose a fund with excellent long-term performance, buy it in batches in the early stage by fixed investment until the planned investment amount is reached, then stop fixed investment and choose to hold it for a long time.

In the past two years, the returns of funds purchased by many investors are generally unsatisfactory. What caused the large losses of most funds? Mars, an analyst at Shanghai Securities Fund Evaluation Center, pointed out that, first of all, the essence of fund products is the combination of securities, and the performance of fund income is closely related to the performance of the underlying market. In the continuous decline of the stock market, it is difficult for equity funds and hybrid funds, which mainly invest in stocks, to achieve positive returns. In the case of rising stock market, most partial stock funds can often achieve positive returns. Therefore, it is impossible for funds to create myths and create high positive returns in the continuous decline of the market in recent years.

From the long-term performance, in most cases, the overall performance of funds is better than that of individual investors, especially in bull markets and volatile markets. For example, in 2006 and 2007, more than 80% of equity funds achieved a return of more than 100%, while the proportion of individual investors was less than 20 12 years. Nearly 50% of equity funds have achieved a return of 5% to 30%. According to the survey, more than 50% of individual investors have lost between 5% and 50%. Therefore, the fund is still a good investment tool for individual investors to participate in the capital market.

All kinds of problems, whether China's stock market construction, economic development or asset management industry, can't be eliminated in a short time, and all need the rationality of the market as a whole to promote it. However, as investors themselves, we must measure our risk tolerance clearly and not blindly listen to the propaganda of sales staff. If your risk tolerance is weak, or the funds you want to use in the short term, you can't invest too much in a single stock fund to avoid being greatly affected by the risk of stock market fluctuations. Therefore, for individual investors, it is more meaningful to have a long-term investment mentality, choose appropriate fund products according to their own risk tolerance and renewal, avoid excessive pursuit of popular funds with outstanding short-term returns, pay more attention to funds with relatively stable long-term performance, and spread risks through fixed investment and portfolio allocation to obtain long-term stable returns.

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