This week's fund holdings analysis:
As of April 13, Luo Ji Family and Friends Fund Portfolio fell 2.04% this week, stronger than the weekly decline of 2.58% in the CSI 300 Index. On Thursday, Luo Ji Relatives and Friends Fund converted enhanced bond funds into long-term bond funds and money market funds, accounting for 81.36% of equity assets and 18.64% of fixed income assets as of this week.
This week, the major indexes continue to weaken, considering that the Shanghai Composite Index may step back below 3000 points in the future, the first will enhance the bond to change positions, other index funds due to most of the profits are not much or a small loss, frequent operations are easy to increase transaction costs, so do not make changes, just hold positions and wait for the market to adjust and continue to increase positions.
Market Analysis:
There was good news after trading on Friday, this time it was the third "National Nine Articles", and there have been three "National Nine Articles" in previous history, namely January 31, 2004 and May 9, 2014. After these two occurrences, there have been two big bull markets in 05 and 15 years respectively in the long run, so the long-term "national nine" can indeed be regarded as the basis for a new round of big bull market policy, which is reflected in the two peaks of the Shanghai Composite Index on the K-line chart. However, in the short and medium term, these two "national nine articles" did not immediately appear in the bull market, but there is a high probability that the previous trend will be maintained.
And since August last year, there has actually been a lot of good news, but from the perspective of market performance, it is not good that it can be saved, which is also consistent with my judgment in the second quarter that the short-term is still at the end of the bear market, and it will take time to confirm that it will completely turn bullish. Now there is no shortage of good news, what is lacking is continuous new capital entry, and only a steady stream of new funds can completely change the decline.
This week's market is exactly like this, in the case of the main domestic and foreign capital sell-off, the major indices are weakening, although the "national nine" is a good stimulus for next week, but will it immediately change to new funds continue to enter I think it is still difficult. Therefore, for the short and medium-term "national nine" does not change the market trend, it is still regarded as a shock, and it is okay to open a position on dips, not to chase high. In the long run, the benefits are superimposing, and if the policy benefits can be superimposed on the economic improvement and the Fed's start of the interest rate cut cycle, then the probability of a long-term bull market is gradually increasing.
Market outlook:
If there is an opportunity for adjustment, such as the opportunity for the Shanghai Composite Index to adjust below 3,000 points, you can consider appropriately adjusting fixed income assets to equity assets.
The above is this week's weekly report of real funds, this portfolio is mainly based on real funds, only as a personal reflection on fund trading, not as a trading recommendation. Investment is risky and should be traded with caution.
I focus on indexed investment, advocating the theory of stock market cycles and comprehensive allocation. Update the A-share review log and fund real trading notes on a daily basis, and search for "Luo Ji Wealth Management Trumpet" in the Tiantian Fund APP to view Luo Ji Family and Friends Fund Portfolio (Stable). The above content is only a testimony of the unity of knowledge and action in your own investment, and friends who are interested in indexation investment are welcome to leave a message or pay attention to not get lost.