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Hello everyone, welcome to the 88th issue of my fund's regular investment, first of all, during this May Day period, our market is still rising well, as of the end of this week, A shares have ushered in four consecutive weeks of rise, the trend is gratifying. At present, all the funds I hold in China are positive returns.
At 2 a.m. Beijing time on May 2, the Federal Reserve issued its May interest rate decision, continuing to keep the target range of the federal funds rate unchanged at 5.25%-5.5%, and maintaining it at the highest point in 22 years, in line with market expectations.
Since the Fed began its rate hike cycle in March 2022, the cumulative rate hikes have reached 525 basis points. Since September 2023, interest rates have been kept unchanged for six consecutive meetings.
On the afternoon of May 9, the Xi'an Municipal Bureau of Housing and Urban-Rural Development, the Xi'an Municipal Bureau of Natural Resources and Planning, the Xi'an Housing Provident Fund Management Center, and the Xi'an Taxation Bureau of the State Administration of Taxation issued the "Notice on Further Promoting the Steady and Healthy Development of the Real Estate Market", adjusting and optimizing the housing purchase restriction policy, lottery policy, down payment ratio of provident fund loans, and provident fund loan tenure in Xi'an.
It is worth noting that on the morning of the same day, Hangzhou also announced the cancellation of the property market purchase restriction policy. Two "new first-tier" cities have successively lifted purchase restrictions, causing strong repercussions in the real estate market. So far, nationwide, only the four first-tier cities of Beijing, Shanghai, Guangzhou, and Shenzhen, as well as Hainan Province and Tianjin, still retain certain purchase restriction policies, and completely liberalize purchase restrictions, which has become the mainstream choice in many places. The further easing of real estate policies also shows that the current housing market is not good. Personally, I don't think these will stimulate the real estate to improve, the so-called purchase restriction policy should have been lifted a long time ago, and it is time to make a big move to stimulate the economy
Okay, back to our fund portfolio, we are still making regular investments in this issue, and the main bullets are still on the Nasdaq Insurance Fund and the pharmaceutical and medical aspects, and the Hang Seng Technology Index has been cleared.
At present, a single fund in my fund portfolio has lost a team to win a Chinese concept stock, and now it is reducing its holdings, but on the whole, the income has turned positive, and the income of my fund portfolio this year is 7.12%, more than 94.88% of the national people
The return for the past year was 13.47% CSI 300 -8.13%
First of all, I sold out all my Hang Seng Tech Index during the current period, the Hang Seng Tech Index has risen very well recently, but I sold it before that, but after checking the information, on the whole, this fund did not lose money, and of course did not make money.
The most nervous fund was very good, with a weekly rise of 13%
In the meantime, I reduced my holdings by nearly 20%-25% in batches, and the reason is very simple, I can't stand it anymore, and my mentality collapses.
But the subsequent rise made me feel even more devastated...
According to market analysis, there are three main reasons for the recent surge in Chinese concept stocks; First, Tencent Music, JD.com and many other Chinese concept stocks disclosed performance that exceeded expectations.
First of all, Tencent Music's revenue in the third quarter was 6.569 billion yuan, a year-on-year decrease of 10.81%, and its net profit was 1.263 billion yuan, an increase of 15.55% year-on-year, and its performance exceeded market expectations; JD.com's revenue in the third quarter was 247.7 billion yuan, a year-on-year increase of 1.7%, higher than the expected 244.7 billion yuan; Net profit (non-GAAP) was RMB10.6 billion, exceeding market expectations.
Second, China's retail sales data came in better than expected. According to the October economic data released by the National Bureau of Statistics, China's retail sales of consumer goods increased by 7.6% year-on-year in October, exceeding market expectations of 7% and the previous value of 5.5%, rebounding for the third consecutive month.
In addition, inflationary pressures in the United States have eased. According to the latest data released by the Bureau of Statistics (BLS) of the U.S. Department of Labor, in October, the U.S. seasonally adjusted CPI rose by 3.2% year-on-year, lower than the expected 3.3%, and a decline from September.
Against the backdrop of an unexpected slowdown in U.S. inflation, the market began to expect that the Fed's interest rate hike cycle has ended, and may even start the interest rate cut cycle in June 2024, which has significantly increased the risk appetite of foreign investors.
Under the combined influence of the above-mentioned good news, the sentiment of the Chinese concept stock sector has been repaired to a certain extent.
The Nasdaq has risen since the pullback, and this rhythm is familiar, and this is without a rate cut. Unknowingly, the return of this fund that we can invest in is 20%+, and we are still insisting on regular investment.
I don't know if I don't know that some of the gold I bought casually actually brought me such a big profit, which I never expected, only less than 300, 33 are all income, really touching
Okay, about the domestic sector, at present, we are mainly doing medicine and medical care, as well as insurance, the reason for choosing these two sectors is also very simple, the population is seriously aging, whether it is medical care or insurance is the benefit of this phenomenon industry.
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