There is a saying circulating in the market: it is the apprentice who will buy and the master who will sell. If you buy it, it means that you have some basic knowledge and entered the door, but what really determines whether you can make money is where you sell it. Therefore, it is the master who will sell it. When we invest in a fund, we also have to face the problem of when to redeem it, especially the recovery of the fund's losses, whether to redeem it if the fund loses money, and how much?

First of all, we must correct an idea. We should consider whether gold should be redeemed, not whether it should be redeemed after a loss, or how much it should be redeemed. It is irrational to redeem the fund blindly when the fund loses money or the market falls. You can even consider adding positions, seize the opportunity to intervene at a low point, and diversify investment costs.

Whether the fund needs to be redeemed depends on two points:

First, whether this fund no longer meets its own investment needs;

Second, the investment target of this fund has been completed.

In fund investment, I have always emphasized the concept of portfolio investment and long-term investment.

The establishment of portfolio is personalized, and everyone's situation and needs are different. For example, if you are 25 years old, you want to prepare a pension for yourself as soon as possible and have spare money to invest in the fund. At this time, even if you lose a lot of money, you can bear it, because the pressure of life is not so great during this period, and your ability to make money will grow with age, that is, your risk tolerance will be stronger and your investment cycle will be stronger. Because retirement is far away, most of them can choose more radical stock funds. If you are 50 years old, your earning power may decline, your investment cycle will be shortened and your risk tolerance will be greatly weakened. Then you may choose a more stable fund portfolio. So at this time, it is necessary to adjust the proportion of equity funds, redeem some equity funds, and increase the proportion of bonds and monetary funds.

This is the change of the whole portfolio strategy, and the fund redemption adjustment needs to be considered. For the change of a single fund, redemption adjustment should also be considered. If the investment strategy of a fund you hold has changed greatly, or the fund manager has changed, or the scale of this fund has shrunk or expanded significantly, you should consider whether it should be redeemed. It should also be inconsistent with the original intention of your investment strategy. If the fund performance fluctuates due to market factors in the short term, you don't have to be too cautious, just hold it with confidence.

If the current investment cycle is coming to an end and the investment goal is about to be realized, you should also consider redemption, but this redemption is not necessarily a one-time one, depending on the specific needs. If you want to buy a house or a car, you may need to pay a large sum of money at one time, so you can only choose to redeem it all. If it is an education fund or a pension fund, it can be partially redeemed. After all, tuition fees are paid year by year, and the living expenses can be used slowly, which can also extend the investment cycle.