Analyze how to dig gold in the fund fluctuation retracement
The market price fluctuates, and the investment income advances and retreats. Only a good strategy can pass the market test and achieve better performance. Investment should not only be able to choose, but also need a sense of rhythm. Xiaobian here has compiled how to dig gold in the fund fluctuation retracement for your reference. I hope everyone will gain something in the reading process!
how to dig gold in fund volatility retracement
Ordinary investors are afraid of retracement, but retracement and volatility are both inevitable parts of investment. It can be said that if they can't stand retracement and volatility, it is impossible to pursue better returns. How to deal with the retracement? Chen Shuliang also has his own rational judgment: "Retreat is not terrible. Using retracement well can also be a source of future income."
Chen Shuliang said that we prefer to try it in a relatively safe area, or to open a position on the left. Just like the current market, it has accumulated a relatively large risk release, and when the valuation has returned to a reasonable range, we should be brave enough to try. At this time, the retracement is far more meaningful than our retracement on the right. This is the difference between the left side and the right side. Don't touch the retreat on the right side. The retreat on the left side is worth trying.
"Retreat should be used at the bottom, not at the top". He believes that try not to make the last rising money, and if you judge that the market has reached the top area, you will always be vigilant and gradually retreat. At the same time, don't bet on the absolute bottom, but rather endure some moderate retracement and fluctuation when opening positions at the bottom. Chen Shuliang explained that if there is a decline at a higher point in the market, then investors may have to wait a long time to smooth out the losses; And if this decline is at a relatively low point in the market, even if it suffers a certain loss at this time, it can gradually enjoy the dividend brought by the market recovery in the subsequent trend increase.
The two funds obviously hold basically the same positions, so why is the income difference much
This question is actually related to the "disclosed positions" and "current positions" of the funds.
1. The positions of funds are usually disclosed only in regular reports (such as quarterly reports, semi-annual reports and annual reports), so when you see that the positions of two funds are similar, it only means that they held similar positions at the last disclosure. The fund manager may have switched positions and exchanged shares, which is different from the positions disclosed last time. It is normal to have different performances.
2. All positions of the fund are only fully disclosed in the semi-annual report and the annual report, and the quarterly report only shows the top ten stocks with heavy positions. When you see that the top ten stocks in the quarterly reports of the two funds are similar, it cannot be equated with the remaining positions. This situation should also be noted.
3. The positions disclosed in the fund's periodic report accurately disclose the positions held by the fund as of the date, and cannot reflect how long the fund has held this stock, the time of purchase and the number of transactions. For example, on March 31st, the quarterly report revealed that both Fund A and Fund B held 6% of a stock, but it is also possible that Fund A only bought this stock last month, while Fund B has held it for half a year. The performance of the two is naturally different.
Quarterly reports and semi-annual reports are static data. How do you know when to open a redemption application when there are closed funds?
There are two kinds of "closed funds" in the market: one is regular open-end funds, and the other is holding funds. The closure period of the fund may be one month, three months, six months, one year, two years, etc. Although there is no uniform standard, there are traces to follow! Here are two ways to judge:
1. Look at the name
Looking at the name is the simplest and most intuitive way! "Fixed opening" and "holding" are usually displayed in the name of the fund, such as the familiar "China-Europe Vision Two-year Fixed Opening Mix" managed by Zhou Yingbo and Cheng Yuxuan, and the "China-Europe Ingenuity Two-year Holding" managed by veteran Zhou Weiwen. Everyone should pay attention to the information disclosed in the fund name!
2. Look at the announcement
The operation of the fund will be disclosed in the fund contract and prospectus. Before buying the fund, investors should carefully read the relevant documents of the fund to understand the closure of the product and see if it meets their liquidity needs.
Besides, if you want to know when the fund will open for redemption, is there any way?
yes! Before the fund with a closed period opens for redemption, it will disclose the temporary announcement of opening for redemption, detailing the specific time of opening. For example, the "China-Europe Selection" set by Xiaobian every month, the announcement shows that the opening time in June is from June 1 to June 3. (You can find these announcements in official website, the fund company, or through the purchasing channel ~)
The screenshot is from the Announcement on the Opening of Subscription, Redemption and Conversion of China-Europe Select Flexible Allocation and Regular Opening of Hybrid Initiated Securities Investment Funds
In addition, it is added that the new fund also has a closed period, which is easy to judge. According to the regulations, the closed period of newly-issued funds does not exceed three months, and the application for redemption can be opened after the expiration.
be dynamic and keep observing!
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