It's up a little bit more today, and the news is a little too much.
Avenue Message 1:
Avenue Message 2:
Of course, there are also grapevines:
Some things are not convenient to comment on, just let the bullets fly for a while.
1.0
Unexpectedly, the first fitness brand in China "One Trillion Wade" fell into a deep predicament.
Closing shops, arrears of wages, members returning money late and unable to pay their bills...
As a card member, Uncle Net showed that this leek may be cut.
After a few glances on the Internet, I found that One Trillion Wade had announced in May that it had received 115 million yuan led by Junzhuo Capital. But now in mid-June, the crisis has not been resolved, and whether it can survive is a big question mark in everyone's minds...
The pandemic endured for three years, but survived to recover but was completely pulled.
It's embarrassing!
In this year's economic environment, everyone dares not spend money indiscriminately, nor dare to invest indiscriminately, especially entrepreneurship.
There are companies, desperately laying off employees; Ready to be a company, I'll talk about it later.
More than one friend has advised Uncle Net, live first, and don't invest in any entrepreneurial projects for the time being. In the past, the word "blind" would be added in front of the investment, but now everything is saved. To do is to be wrong.
2.0
Many words are very easy to understand literally, but they are not necessarily really understood, and usually we just listen to them casually as "truth".
Only experience will bring unforgettable insights, such as the understanding of the word "inertia".
The moon of fifteen is sixteen round, and there is a huge inertia in the development of things.
In good times, even if there are already signs of decline, it will continue to prosper for a while, or even break new highs. When it's bad, even if the decline has stopped and started to develop in a good direction, the lowest point will be late.
In the past half month, economist Ren Zeping has been emphasizing that "the year of recovery, there are twists and turns." Although this emphasis seems a bit "hindsight", it has basically set the tone for China's economy this year.
The hardest thing is often not winter, but early spring.
Even if the harvest is not harvested in a disaster year, the warehouse in the cold winter will still have surplus grain from autumn. But in the early spring when all things are revived, the suffering caused by the "poor harvest" will really come, because the surplus grain has bottomed out...
At this time, although the earth is dyed with new green that represents hope, the distant water cannot save the near fire, and this green cannot be used to fill hunger.
In early spring, the bitter is not the spring cold, the bitter is the green and yellow!
Regardless of the fact that the whole world is in comparison, the current "predicament" is probably the same in the first year of China's economic recovery after the pandemic.
3.0
The performance of long slopes and thick snow is back!
On Thursday, Uncle Net was ready to send 2 cars of thick snow on the slope.
But looking back and thinking that day was rising, long slope thick snow can pick time to buy, so I held back and did not post, and the investment was withdrawn first.
As a result, it continued to soar on Friday...
Looking back, I bought it today. Drag around, and the rhythm may be out of order.
Today, I have backtested the data of long slopes and thick snow.
On March 31, Uncle Net carried out a "blood exchange" for Changpo Thick Snow, with only one goal:
Fall less, rise steadily, suitable for ordinary people to play.
Today, I saw that the funds invested after the blood exchange have been fully profitable, and they have finally returned!
Experienced a big "V" word.
Many people don't understand why Uncle Net is so determined to change blood and upgrade at the end of March, just look at the data.
Let's take a look at the performance of the long slope and heavy snow after March 31:
The yield was -1.17%, while the CSI 300 yielded -2.91% over the same period.
(Because it was bought in batches, it is actually profitable)
The maximum drawdown was -6.22%, while the maximum drawdown of the CSI 300 over the same period was -8.96%.
What is going up more and falling less!?
That's it!!!
Let's go back and forth to measure the latest year's performance of Long Slope Thick Snow (2022.6.15-2023.6.15):
The yield was 6.09%, while the yield of the CSI 300 over the same period was -7.07%.
Outperformed the CSI 300 Index by more than 13 points!
The maximum drawdown was -8.67%, while the maximum drawdown of the CSI 300 over the same period was -21.94%.
13.27 points less than CSI 300!
Let's go back and forth to measure the latest year's performance of long slope thick snow (2020.6.15-2023.6.15):
The yield was 54.54%, while the CSI 300 yielded -0.66% over the same period.
Outperformed the CSI 300 Index by 55 points!
Annualized 16%!!!
The maximum drawdown was -10.07% and the maximum drawdown of the CSI 300 during the same period was -38.73%.
28 points less than CSI 300!
Many people don't know what to experience from June 15, 2020 to June 15, 2023, look at the trend of the CSI 300 Index:
These three years have been all the way down from the top of the structural bull market in early 2021...
Stumble!
In the process of the big fall, it created an annualized 16% and a total yield of 54.5%, which can be said to be very stable.
Looking back, let's look at the performance of the star fund managers we once thought were the "best":
In order to be fair, Uncle Net put Zhang Kun, Zhu Shaoxing, Xie Zhiyu, Fu Pengbo, Glen, Zhou Weiwen and other 6 people into a combination, super super all-stars, backtesting the performance of the same period in the past 3 years.
The yield was 3.97%, while the CSI 300 yielded -0.66% over the same period.
Outperformed the CSI 300 Index by 4 points, with an annualized rate of 1.34%.
The maximum drawdown was -40.19%, while the maximum drawdown of the CSI 300 during the same period was -38.73%.
More than 1 point lower than the CSI 300...
It's not that the ability of these top star fund managers is not good, but most likely, they are not suitable for us ordinary people.
Either the scale is too large for CSI 300;
Either the style is too extreme, and some stages are very profitable, but after the time is extended, there are ups and downs.
For risk tolerance is generally small, stable growth of performance must be the most important consideration.
This is the growth curve that stretched the long slope and thick snow since 2018:
This is the growth curve of the various funds held by Changpo Thick Snow since 2018:
This is the growth curve of Zhang Kun, Xie Zhiyu, Zhu Shaoxing and other super super all-stars as a combination:
Rise high, fall harder!
This is the growth curve of specific funds managed by Zhang Kun, Xie Zhiyu, Zhu Shaoxing and others:
Almost all of them are the same, first rising sharply and then falling sharply, ups and downs.
4.0
Finally, let's take a look at this week's market valuation:
A wave of rise, the Shanghai Composite Index, the CSI All Index and the CSI 1000 P/E ratio have all exceeded the 30th percentile in the past 7 years. The 5-star chance slipped to 4.8 and the double investment was stopped next week.
Recently, the Nasdaq has gone crazy, and it is only 10% away from its previous high.
The sum bought by Uncle Net at the end of last year has risen to 42%, which is amazing.