The first category:
Funds, insurance, social security and overseas investors:
The main value of these funds is investment, and the companies they invest in are generally the leaders in the industry, with a large market value. The operation style is long-term, and the transaction will not be so radical. Stability is the main tone. Don't try to beat the market, just keep up with the index. Social security related to people's livelihood cannot be used as hot money for speculation, so as to manage funds to achieve stable growth;
The second category:
Hot money, big family:
These funds should be the most active funds in the market, and the start of the market cannot be separated from them. You can also judge the market sentiment by judging whether the activity of such funds makes money. Such funds are the head funds in the market and have the ability to lead the start of a wave of market. Mainly speculation, hot speculation, leading speculation and occasional value speculation. For example, the recent liquor market is inseparable from the contribution of hot money;
The third category:
Retail investors:
The proportion of retail investors is still the highest. It must be said that the biggest main fund in the market should be retail investors. We really need to find a way to protect retail investors, otherwise leeks will be cut one after another. Who will play with you? Due to the large number of retail investors and great personal differences, it is often difficult to jointly launch the market. Usually, after the hot money enlivens the market, it begins to follow suit, and the last paragraph of money is often bought at a high level;
It is about 30% of institutions and main funds that can dominate market sentiment and make money. Although there are a large number of retail investors in the market, due to the lack of consistency in operation, it is not easy to have differences and cannot achieve the effect of the main capital transaction.
But now many foreign investors and institutional seats are doing the same thing as hot money, that is, speculation. It is increasingly felt that some institutions are hot money and some hot money is institutionalized. This may be the process of automatic evolution of market funds.
For the main fund, there is no standard for this concept. I think it is the main capital that can influence the market sentiment and drive the market to rise. I think it doesn't matter whether the main funds are institutions, hot money or retail investors.
Pig dad watches the stock market, focuses on investor education, moves columns and learns more about dry goods.