Recently, there has been a wave of market decline, and the net value of funds in the hands of many investors has suffered heavy losses. Fortunately, the group stocks have finally rebounded in the past two days, and we novices have begun to struggle whether to increase or reduce positions. Today, Bian Xiao will share with you whether to increase or decrease positions in the continuous rebound, for your reference only!

Has A-share stabilized?

Jufeng Investment Gu pointed out that both the boost of financial data and the stimulus of overseas policies have a positive impact on A-shares that have been frustrated continuously in the short term, including the rebound of emotions, which will push the market to usher in a strong rebound, but it is hard to say whether this strong rebound will be within a day or a few days. You can actively play individual stock games, but the overall position is not recommended to blindly bargain-hunting.

In addition, what needs to be prevented is the repetition of the market. After all, it has experienced a staged plunge. At present, a lot of logic in the market has changed. Both the optimism in the later period and the changes in the market pricing system are actually important reference factors affecting the next market trend. What's more, at present, we need to pay attention to the possibility of institutions lightening their positions or adjusting their positions with the help of rebound. After all, many previous reactions were lagging behind, and there was also a common effect of fund redemption on the market.

Of course, the market bull market pattern is still there, but the overall bull market has ended. In the middle and late period of economic recovery and the current tightening of liquidity margin, this bull market has entered the later period, which is more structural and partial. There is still a foundation for the index to continue to rise, but the specific configuration needs more attention. According to similar historical trends, it is suggested to focus on tracking financial, cycle, leading consumption and other varieties, and also consider the synergy of performance.

For investment operations, Liu Ming, general manager and investment director of Oriental Alpha Fund, said that the structural bubble of A shares still exists because the marginal tightening of liquidity may suppress market expectations. Therefore, at the current time, keep a cautious and optimistic attitude, don't chase high, and dare to add positions when stocks fall.

Investors can consider knowing more about the awkward stocks and fund managers of fund products. If you are a fund manager with excellent long-term performance, holding stocks is also a high-quality company in their respective fields, and the industry distribution is relatively balanced, you don't have to worry too much. Especially after the short-term sharp decline in the market, the risk is smaller than before. Investors with short positions can choose to open positions in batches. Judging the results, which can stand the test of the process, is a compulsory course for every successful investor.

Should the fund be redeemed by rebound?

1, first look at self-status: see if this money is spare money.

If you need money urgently, you may need it within three months. Then don't struggle, wait until it rebounds and then redeem it. I am afraid of missing a wave of rebound, I will redeem it in batches, and I will redeem 30% if I go up a little. You can make money for a long time, but your money can't wait, so don't push yourself to the point where there is no way out.

There is no urgent need for money, which means that the money is also lying in the deposit account when it is redeemed. Without a better investment channel, there is no need to redeem it. But some friends will be very entangled, and it will be uncomfortable to watch the account fall! Just rent a facade and open the door to do business. Now all you lose is decoration and utilities, and come back when your business is up. After 2-3 years, the income will not be worse than that on a regular basis.

If you are very anxious because of the decline of the fund, you can't sleep, you are in a daze at work, you want to watch the dish every few minutes, and you want to call names as soon as it closes. This is a typical "kicking cat effect", and the decline of the capital market makes you more anxious. In this case, we must take advantage of the rebound and gradually lighten the position, and we can gradually lighten the position to our comfortable position according to the ratio of 10%. And after lightening your position or making a partial stop loss, don't be unconvinced and don't give up. Investment is a lifetime thing. Now I'm just unlucky. I'll get off the table first. There will be plenty of opportunities later.

2. Look at the market trend: look at the trend and divide the varieties.

See what stage the overall market trend is at.

When the market is in a bull market, don't redeem the fund because of its high net value, and don't care about the short-term net value decline. You can continue to hold or add positions appropriately. Because funds hold a lot of stocks, bull market stocks generally rise better. Don't redeem funds because of short-term shocks, because the stock market has risen and fallen. Short-term shocks can't change the long-term trend, and long-term holdings can make a profit.

On the other hand, when the market is in a bear market, don't buy because the net value of the fund is low, and don't blindly bargain-hunting. Many people may buy more and more sets. If you really want to try, you can participate in the form of large fixed investment and prepare for long-term investment. At present, many varieties have obviously entered the technical bear market.

See what kind of fund you hold.

Not all funds are related to the stock market. If you buy a bond fund or a money fund, the rise and fall of the A-share market has nothing to do with you. Or you bought a QDII fund that invested overseas, which has nothing to do with you. For example, at present, the stock funds in the A-share market are not very good, but some currencies, pure bonds and hedging quantitative products have become safe-haven products, and some commodity funds have performed well, so they can't be compared when choosing.

3. Finally, look at whether the investment goal has been achieved: set the take profit/stop loss point and correct the mentality.

Buy funds, of course, we all want to buy at the lowest point and sell at the highest point. But in fact, we can only expect this kind of "buy low and sell high", and it is difficult to really do "timing trading".

Therefore, before investing in funds, we must first determine our investment expectations and risk tolerance, and ask ourselves two questions: How much do you want to earn? How much can you lose? How much money you want to earn (investment expectation) is not just arbitrary, just as you can't expect the deposit bank to get 20% interest. Investment expectation is to set a "take profit point" by combining the type of investment funds, historical performance and your own investment expectation. If you continue to be optimistic about the future trend of the fund, you can choose to redeem part of it and keep the remaining share. This will not only lock in some profits, but also have the opportunity to enjoy future benefits.

After setting the take profit/stop loss line, you must abide by the investment discipline.

Many investors who were originally profitable were too greedy and wanted to make more profits, so they delayed redemption. As a result, they not only failed to make profits as expected, but all lost money. The stock market has ups and downs. If you don't understand the market and don't redeem it in time, the fund you hold is very likely to lose money.

Greed is a disease, which is always accompanied by fear. I hope I can get everything without going through any hardships. People who dig gold in the capital market always have fear in greed. As soon as the market fell, many people began to complain about the country, the government and the fund managers. But when they enjoyed the bubble in the capital market, did they study the market seriously and strive to improve their cognitive level? In order to avoid becoming a greedy person, we need to control our fears.

If the overall market trend has not changed much, and you are optimistic about the investment opportunities in the capital market in the next few years, then you can hold it for a while and wait patiently. Otherwise, it would be a pity to lose the higher redemption fee!

Investment is the realization of cognition, a psychological game and a live broadcast. Everyone's decision-making behavior will lead to changes in the market, and a little change in the market will lead to the decision-making behavior of participants. In other words, the market trend is a comprehensive expression of "human behavior", which is full of uncertainty and unpredictability. Being a "wandering fool" may enjoy investing more.

To sum up:

1. If you only intend to make short-term investments, for example, within one year, the position of holding equity funds is heavier. Considering that there are no obvious signs of stabilization of A-shares and the volume of transactions has not expanded significantly, we can consider reducing some positions and leaving some liquidity. In the selection of funds, products with performance support and clear industry development logic can be retained.

If you plan to make long-term investment and don't need money urgently in the near future, then you don't have to worry, just choose "watch more and move less". After all, historical experience tells us that in a long period of time, the impact of short-term fluctuations is not as great as you think.

3. If the current position is very low and there is more spare money to invest, you may wish to consider increasing the amount of fixed investment on dips. This is a good opportunity to meet the "smile curve".

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