The Year of the Tiger tiger is mighty, and the big A is also threatening!
The three major stock indexes rose collectively on the first trading day after the holiday, and the Shanghai Composite Index rose by 2.04%. The opening is a good omen, but it is really difficult to say whether the market can be so powerful throughout the year, after all, the Fed is expected to raise interest rates during the year, and the stock market this year cannot be overly optimistic.
There are also many people who believe that the domestic prejudgment of the Fed in advance, in January 2021 began to tighten the currency action, leaving room for future easing, it is expected that this year's monetary policy will maintain a reasonable and abundant liquidity, A shares full of opportunities.
But after years of investing in the stock sea, everyone has a number in mind - even if the A-share tiger roars and threatens, it is still difficult for retail investors to "add hundreds of millions of dollars".
China Fund News and Morgan Stanley Huaxin Fund did a 2020 annual survey of the basic people, and found that even in the structural bull market in 2019 and 2020, there are still 14.63% of the basic people who lose money.
The main reasons for losing money:
First, the holding time of the fund is too short, and he likes to chase hot spots and frequent transactions;
Second, when the market fluctuates sharply, it is easy to be affected by emotions and operate blindly;
Third, when the market rises sharply, it often can't help but buy at a high level.
Ye Tan Finance has always stressed that taking care of wealth is never an easy task, even if it is to buy a fund, although it is to hand over the money to professional people to take care of, they must always learn, in order to know when to buy, buy what, when to sell, develop good financial habits to rationalize the wealth, so that wealth can be steadily increased.
Many small partners have tried to learn financial knowledge, but all kinds of boring professional terms and model charts are easy to confuse people, and they forget the first half after watching the second half.
We noticed that on February 8, Ant Wealth launched the investment and education talk show "Big Coffee Confrontation", not only with well-known financial commentators Ma Hongman and Guan Qingyou, but also 8 fund managers, but also invited talk show actor Hu Lan and Strange Talk Debater Chen Ming to discuss "how to invest in the fund in 2022".
After watching the first issue, I sincerely recommend that you go to see this show, there is no trace of the stereotypes of the previous investment courses, the whole process is relaxed and humorous, and you can learn the correct posture of fund investment.
To reach the end of the journey smoothly and comfortably, you must first determine the means of travel, whether to take a plane, high-speed rail, self-drive, or ride a beloved motorcycle.
Similarly, to reach the end of your financial goals, you have to first determine what to buy. Specific to the fund, which fund to buy? Buying the wrong one, equal to 1,000 kilometers of travel, but you are riding a small motorcycle, not only tired, but also not necessarily rubbing to the end.
We often say that the fund is a long-term investment, and we must choose those industries with broad market space, high growth and great prospects to invest and share the dividends of the long-term growth of the industry. Let's hear what the big coffee in "Big Coffee Vs. Bumps" has to say.
Since the second half of 2021, the pharmaceutical sector has fallen blue and swollen, and the small partner holding the pharmaceutical fund has lost doubts about life and once wanted to cut meat and leave.
However, Wu Xingwu, a famous general of GF Fund, said in the program that the pharmaceutical industry has been a good industry for a long time, and it is a very suitable industry for investment.
Why?
From the demand side, under the background of population aging and continuous improvement of national income level, the pharmaceutical industry has the logic of consumption upgrading;
From the supply side, the pharmaceutical industry has a variety of attributes, involving many sub-industries, some sub-industries have strong scientific and technological attributes, and some sub-industries emphasize service models.
If the demand is good and there is a difference in the supply side, the leading company can be selected and the company with the difference can be invested. From the perspective of supply and demand, medicine is a sunrise industry and is indeed worth long-term investment.
However, any industry will have local interference, such as local adjustment of industrial policy, which will affect the phased performance of the plate. Ignoring short-term shocks, surviving the cold winter is spring.
This also gives the small partners who hold the pharmaceutical fund a reassuring pill - there is nothing wrong with the pharmaceutical industry, do not cut the meat when the downward adjustment.
Lin Weibin, fund manager of E Fangda, believes that if the main line of investment in 2021 is green energy, the main line of 2022 is the digital economy, which is very promising from the perspective of policy and investment logic.
As he said, the digital economy is the third major economic form after the agricultural economy and the industrial economy, and it is also a new way of organization and production.
At the same time, the 14th Five-Year Plan also mentions that by 2025, the digital core industry will account for 10% of GDP, which will bring a wide and high growth space to the digital economy.
There is no boring concept popularization, which tells you directly why this industry is worth looking forward to and where the logic is, which is very friendly to Xiao Bai.
And technology pioneer Zhou Keping, of course, continues to be optimistic about science and technology.
He said that since 2015, several industries represented by semiconductor chips, autonomous driving artificial intelligence, and biomedicine have appeared in China, and a large number of returnees have returned to China, a phenomenon that can be called "new two bombs and one satellite", which can inject new vitality into the national economy.
During this period, many excellent technology companies slowly ran out, and experienced a complete monetary cycle in 2018-2021, experienced wind and rain, and greatly improved the status of the industry, and these high-quality securities will become an important part of future investment.
At the same time, during the period of 2018-2021, under the monetary cycle, these technology companies, especially newly listed companies, have undergone significant reductions and adjustments, and their valuations have been digested. High-quality securities combined with the right valuation are very good investment opportunities.
One of his words makes people can't help but want to like the coin to pay attention to the three consecutive:
"From a larger perspective, the science and technology track will have a high probability in the future, and China, like the United States, will become the largest weight in China's CSI 300 Index, and it is also the largest proportion and weight of public funds or the entire investor allocation."
Different fund managers are not optimistic about the same track, but these industries have one thing in common - the state focuses on supporting development and the industry has a lot of room for growth.
This part not only clearly and clearly pointed out the investment direction to the basic people, but also conveyed a good habit of investment and financial management - the concept of asset allocation.
There is more than one industry worth investing in, and there is no need to stare at an industry stud when buying a fund, and you can diversify different good industries. When a single industry falls, the rise of other industry funds can offset or reduce the loss of the entire portfolio, smooth the gains, and take you through the volatile market smoothly.
The travel tools are selected, and the new question comes again - when to get on the bus?
Traveling too early takes up time that should have been taken up to do something else, and the opportunity cost is high; traveling too late, missing the boarding time, and voiding the ticket.
Many small partners buy funds the same, do not dare to buy when the fall, and wait for the market to burst into the market when they jump high, the result is often to stand next to the high bone pile, listening to the bookmaker talk about the past.
Like a semiconductor fund, the performance of the first quarter of 2019 took off, and by the third quarter of 2020, the scale soared to the highest, and it was from this time that the semiconductor market rebounded sharply, the net value of the fund went all the way, and the basic people cut meat and fled.
Is chasing up and killing down, is it really the fate that the people can't escape?
In "Big Coffee Vs. Bumps", the big coffee gave us a trick again.
Strange said that the debater Chen Ming is not a person in the financial industry, he mentioned before that since his wife bought the fund, he looked at the market trend of the day at 3 o'clock every day and knew what posture to use to enter the door
So as a financial white, how did he buy funds himself?
He talked about a fund he bought in 2008, but he forgot about it later, and when he thought about it, the fund was actually doubled in surprise!
It may be that this experience made Chen Ming realize-
"Funding is the same as getting married, and when you're done, you have to forget that you've married... Like me and my wife got married, I forgot about it when I got married, like I was in love all the time. ”
2008 coincided with a big bear market, and buying during this period was like just getting on the bus and starting to take you downhill at a 90° right angle, losing to your scalp tingling.
Chen Ming told us that the point of getting on the car is actually that you can also get on the car when you fall sharply, but you must forget the short-term rise and fall, be patient for a long time, do not fall into the whirlpool of human nature, want to drive a little, forget a little, and finally there will be a sweet surprise.
Liang Xing, the fund manager of Cathay Fund, is quite similar to Chen Ming's view, she speaks literary and easy to remember -
"Whatever is in the past is the prologue; where there is a big fall, it is good to make up the position."
Specifically, don't start buying on the left side of the rush, because your cost will continue to rise during the upswing process. If you make a fixed investment on the right side, that is, when it is falling, you can spread the low cost all the way.
In other words, buy down not buy up, buy in batches, the more you fall, the more you buy.
This is also what Ye Tan Finance has been telling everyone, using the way of fixed investment to participate in equity fund investment, in the falling market continues to spread low costs, and so on, the fund has a high probability of returning to the capital and making profits faster.
Liang Xing said that the representatives of large consumption, such as food, beverages, and medicine, have great fluctuation adjustments, and they can patiently make fixed investments. Like the big technology sector has the characteristics of rising and falling, in addition to fixed investment, it is more suitable for investors with high risk appetite.
In general, after choosing a good track, do a long-term batch of fixed investment to buy, the more you fall, the more you insist on buying. In this long-term investment process, the return may not be the highest, but it must be profitable.
Many small partners buy funds to use the set of stock speculation and timing, but even fund managers are difficult to choose the time, just like the saying on Wall Street, it is more difficult to accurately step into the market in the market than to catch a flying knife in the air.
This episode of the show conveyed another good habit of financial management - when to get on the car is not the most important, buy the fund to give up the timing, choose a good target after insisting on fixed investment, long-term holding, in order to enjoy the sweetness.
Getting in the car, oversleeping, or getting off early, you won't be able to reach the end of the journey.
The same is true for investment, grasp the timing of not getting off the car, and the floating profit may eventually become a floating loss.
Originally, the good end earned 50%, but thought about holding it for a long time, and watched it fall all the way down, becoming 30%, 5%, -5%... Or like the market in 2020, many small partners just climbed out of the bottom of the pit and sold, and they missed a large wave of dividends behind them.
Talk show actor Hu Lan issued a soul question for everyone - you said that you want to hold it for a long time, but how long does the "long-term" really have to be? Three years? Youth, middle age, old age?
It is the master who will sell, the fund take profit is very critical, and several fund managers have shared several different practical take profit methods with everyone.
The method of Wang Xiaoling, a fund manager at ICBC Credit Suisse, is that for ordinary people, if you want to take profit, you can take profit, and if you want to stop loss, you can stop loss.
But take out a small book and write down what reasons you want to buy and sell, such as buying because you think the fund manager is handsome? Selling is because the valuation is expensive, or a lot of people start talking about the industry, or it's falling too badly.
Then regularly check the notes, review the reasons and results of buying and selling, in order to train their logical thinking ability, through practical exercises to improve the ability to nourish the foundation.
Wang Xiaoling's "long-term" is actually not time, a bit similar to the target take profit method, that is, according to your own ideas and risk preferences to take profits, such as earning 20%, 30% on the bag.
Liang Xing's time of holding the fund is to "analyze the specific problems".
Some partial-cycle funds hold for a relatively short time, which is equivalent to doing swings. However, this requires more professional ability, because you have to judge the degree of matching its valuation and profitability, and most investors do not have this ability.
If you invest for a long time, if the fund is held for 3 to 5 years, the probability of making money is relatively large.
Because the stock market cycle is about 5 to 7 years, the fixed investment fund can go through a complete bull-bear conversion cycle, and it can rise from the trough.
Hulan is worthy of being a stand-up comedian, although the paragraph is late but arrived——
The fund is like raising children, their children still hope to get better in the future, but they will always be hurt, so there is no way but to wait slowly.
Treat the fund like a child, don't cut it off because the child is rebellious, give them more time, and wait for them to grow slowly.
However, it should be reminded that equity funds mainly invest in the stock market, even if they are managed by professional fund managers, they are medium and high-risk investments.
Ye Tan Finance has always stressed that it is never easy to manage wealth, and good habits can be used to manage wealth in order to survive the great earthquake with peace of mind.
This time at the beginning of the year, we can search for "opening red" on a treasure, watch "Big Coffee Confrontation", and learn practical knowledge of financial management in a relaxed and interesting atmosphere.
Finally, I hope that everyone can manage themselves as Chen Ming said, make money immediately, and create their own "management horse fund"
(Disclaimer: This article is an objective analysis made by Ye Tan Finance based on public information, and does not constitute investment advice, please do not use this as an investment basis.) ）
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