1, thinking about the use of funds

First of all, we should think carefully about the use of the money we put in, and have an accurate judgment on whether it is urgent to use it and the fluctuations we can bear.

If there is a plan to buy a house in the near future, or there is an urgent need for money, then I suggest that it is safer to redeem the bag. Even if there are still three or four months before the funds are used, you can redeem it for some short-term wealth management products.

Or, if you are a conservative investor, you can redeem the fund you bought just out of curiosity or ignorance. After all, compared with ordinary wealth management products, this kind of income is already very good.

If this money is idle money, put it in the account for three to five years, it will not affect your life, and you can accept the fluctuation of the net value, then we need to make the next judgment.

2. Make market valuation judgment.

Marx said that the value determines the price, and the price fluctuates around the value, so it is used in the capital market.

Take A shares as an example. At present, the P/E ratio of the Shanghai and Shenzhen 300 Index is about 15 times, which is in the historical 70% percentile and above the center. If it is a fund that can be invested for a long time after the first step of thinking, then it is necessary to judge whether the valuation of 15 times is reasonable.

Of course, this is only an example, because everyone has their own judgment on the market. Maybe I think 15 times is still cheap, and I will choose to keep it, but some investors think 15 times is expensive, so it's time to redeem it.

3. Study the funds you hold.

It is also a fund, but because of the target of investment (such as stocks, bonds, commodities, indexes, etc.). ), the income risk will be very different; In addition, there are different types of funds, such as pure debt funds, primary debt funds, secondary debt funds, hybrid funds, stock funds, index funds and so on. The positions of stocks and bonds will be very different, resulting in different income risks; Also, even if they are all stock funds, they will be different because of the different styles of theme funds or fund managers. Research on funds is a very professional matter. For details, please pay attention to our column "The Housekeeper Says Funds".

At this time, you need to study the funds you hold. If the fund manager is not good enough and the performance is not as good as the market average, it is necessary to decisively choose profit-taking. If it is because of the choice of industry theme, it is necessary to combine the judgment of the market at this time to see whether to continue to hold funds or take profits. For example, this year's pharmaceutical sector is very good, but if it is judged that the current market has overdrawn the medical valuation, then choose to take profits; If you think that the current valuation of the pharmaceutical industry is not high, then you can choose to continue holding it.

In fact, there is a particularly simple method, which is to recall the reasons why you bought the fund at the beginning and whether the reasons for buying are still valid. For example, the explosions issued last year have increased in value. At that time, many people went to fund companies and fund managers, so at this time, companies and fund managers can still hold them without major changes. When I buy stock funds, I judge that future equity assets are the best investment varieties, so if this view has not changed now, I can still hold them.

Finally, I want to remind you that the fund itself has entrusted the fund manager to help us manage our assets. Fund managers will judge the current market, industry and individual stocks. , thus determining the equity position and individual stock allocation. If we don't make profit redemption for the above reasons, we don't recommend making frequent timing again.