Brothers and sisters, it's the first time I've seen such a big scene in my life!
The three major A-share indexes opened epic high, with a full screen of rising and falling tide + a historical amount of 3.45 trillion + multiple brokerage servers were down, and the bank-securities transfer function was stuck + 10:30 The market mutated, the panic dived, and the tail market rose, and the Shanghai Composite Index pulled out a long lower shadow line + The number of "20CM" ETFs related to the Growth Enterprise Market expanded from 22 at noon to 76 at the end of the day......
So the mentality of shareholders today is like this: Niu → is → panicked → happy, and the mood is like a roller coaster, up and down.
01
A shares exploded and opened
Looking forward to the stars and the moon, A-shares finally ushered in the first trading day after the holiday, and lived up to expectations, setting a number of historical records in one fell swoop.
At the opening of the morning session, the Shanghai Composite Index soared to 3,674.4 points, the largest opening gain since 2000, while the Shenzhen Component Index rose 12.67% and the ChiNext Index rose 18.44%, setting the largest opening increase in history. There are as many as 942 stocks with a bidding limit, and there are almost 1,000 shares up to the limit.
The skyrocketing market is also accompanied by a large number of transactions, and the turnover of A-shares exceeded 1 trillion yuan in just 20 minutes after the opening of the market, refreshing the record of the fastest trillion yuan in history of 35 minutes set on September 30.
Suddenly, the volume of daily turnover, the exchange prepared for expansion in advance, emphasizing that relevant important indicators such as brokerage IT should be more than three times the historical peak, but many users of different brokerages reported in early trading today that the bank-securities transfer function could not be operated, and money could not be transferred in and out.
In this regard, a leading brokerage IT person said that this is a temporary jam in the brokerage APP, rather than "downtime" or "collapse". The lag of the brokerage APP is mainly due to the sudden increase in trading volume and the significant increase in the number of new account openings.
In the end, the Shanghai Composite Index closed up 4.59% at 3,489 points, the Shenzhen Component Index rose 9.17%, and the ChiNext Index rose 17.25%. The full-day turnover of 3.45 trillion yuan refreshed a record high, an increase of 858.9 billion yuan from the previous trading day, setting a record for the daily turnover!
02
A thrilling day!
Although A-shares have set a record for the number of transactions in the past few days, the sudden intraday change and frightening dive of A-shares that opened violently have indeed made shareholders feel uneasy.
At around 10:34, A-shares dived in a large area, and a large number of stocks opened the daily limit, and the epic opening increase of 10.13% of the Shanghai Composite Index suddenly narrowed to 1%, with an amplitude of more than 9%, and the index fluctuated so much that it was rare in history.
Originally, I thought that I could pick up money all over the place at the opening of the market on October 8, but A-shares suddenly took a frightening dive, and directly gave people a whole face, what should I do later?
In fact, many investors are a bit contradictory at present, while they want to continue to take positions and take advantage of this wave of rapid rise; On the other hand, he remained vigilant, hoping to avoid the drastic adjustment that would come at any time.
It's understandable to want and want, but it's easy to make mistakes when using it as investment logic. As investment guru Duan Yongping said: "Buying the bottom is not necessarily a good thing".
Because you can copy the end, you must be concerned about what the top is, which may miss some market opportunities.
The biggest feature of the bull market in history is that it rises and falls, and there must be adjustments after the sharp rise, and many people tend to run blindfolded when the big rises, and jump out of the car in a hurry when they pull back, and finally suffer a slap on both sides, and lose more money in the bull market.
On October 7, Zhang Yidong, the global chief strategy analyst of Industrial Securities, predicted that the "three major ones" of A-shares after the holiday were "big rises, big fluctuations, and big differentiations".
Zhang Yidong said meaningfully:
"Don't think it's best not to look back, and if you don't look back this week and next, it will bring more volatility. We now hope that the big fluctuations will come a little earlier, and after the shocks, the big differentiation will begin, and the big differentiation must be the strong and the winner takes all. ”
Regarding the specific configuration direction, Zhang Yidong said: "If you can't choose, you can configure CSI 300. ”
For newbies who are just starting out, ETFs are indeed a simple and easy-to-understand investment tool to invest in the entire market in a comprehensive and convenient way, without the need for in-depth knowledge of individual stocks.
Based on the advantages of ETFs, Warren Buffett has also repeatedly recommended ordinary investors to invest in ETF index funds.
03
Warren Buffett has repeatedly suggested investing in ETFs?
Warren Buffett's words may be a bit "confused" for many novices.
For example, take 300 ETF (159300) and its feeder fund (Class A: 021832; Class C: 021833) as the representative of the broad-based ETF, everyone knows that it is an index representing the "national fortune", covering most of China's leading companies in all walks of life.
Since the beginning of this year, large institutions have continued to buy ETFs tracking the CSI 300 Index, which is very rare in history.
In the past two weeks, more than 120 billion funds have frantically poured into the ETF market, and the related ETFs tracking the CSI 300 Index have strongly "absorbed" more than 50 billion yuan, which can be seen that the market highly recognizes the ETF.
But when asked what is the difference between these related ETFs that track the CSI 300 index, many investors may be in a daze.
You must know that there are 33 ETF products tracking the CSI 300 index in the market, and it is right to say that you can buy a large scale, and you can say that you can buy a lot of turnover and have good liquidity, and you can say that you can buy a small tracking error, and you can say that you can buy a super return...
Although index funds represented by ETFs are passively managed funds, unlike active equity funds, which rely on management capabilities, the operation level of managers is often closely related to the tracking error, scale and liquidity of ETFs.
For example, as one of the "old ten" public fund companies, Wells Fargo Fund has the largest long-term assets under management, and has been deeply involved in the field of index investment for many years, with more than 50 non-stock ETF products, and has formed a complete ETF product line, covering broad-based, industry themes, cross-border, etc., with a non-stock ETF management scale of more than 100 billion.
Another important point is that one of the core considerations for buying ETFs is to look at the fee rate, and the fee rate of 300ETF (159300) is the lowest in its class.
Looking back at today's performance of A-shares, ETFs continue to emerge in batches, and GEM related ETFs continue to play the sharpest spear of the bull market "20CM", from the "20CM" closed at noon 22 to close at once expanded to 76, and the two-board GEM ETF Wells Fargo (159971) has risen by as much as 78.35% since September 24.
I have lived for so long, and I have seen the rush for salt, masks, alcohol, and house purchases, and now it's my turn to grab ETFs. ETFs with a daily limit can't be bought, they can't be bought at all.
What to do? At present, one of the more recognized methods in the market is to subscribe to ETF feeder funds through over-the-counter subscriptions, and ETF feeder funds can subscribe to ETF feeder funds as long as there are no purchase restrictions. 90% to 95% of the assets of ETF feeder funds are invested in the corresponding ETFs.
Taking the two-board ChiNext ETF Wells Fargo (159971) Feeder Fund as an example, if you can't buy the ETF at the limit, you can consider buying the ETF's feeder fund over-the-counter, ChiNext ETF Wells Fargo Feeder Class A: 161022 and ChiNext ETF Wells Fargo Feeder C: 013277.
What is the difference between a Class A fund and a Class C fund? Taking 300ETF (159300) as an example, OTC feeder funds are Feeder Class A: 021832 and Feeder Class C: 021833.
The main differences between the two are the fee structure and the applicable investment horizon. Connection A has a subscription and redemption fee, but no service fee; There is no subscription and redemption fee for connection C, but there is a service fee.
Class A funds adopt a front-end fee model, charging a subscription fee at the time of purchase, and the redemption fee will gradually decrease or even be waived as the holding time increases.
Class C funds adopt a back-end fee model, no subscription fee is charged at the time of purchase, but a sales service fee will be charged, and a sales service fee will be charged according to the holding time at the time of redemption, and the fee is calculated on a daily basis and paid monthly.
For short-term investors, a Class C fund may be more suitable, usually held for 7-30 days with no redemption fee.
As a reminder, according to the regulations, in order to protect the interests of long-term investors, no less than 1.5% of the redemption fee will be charged at the time of redemption, regardless of whether it is a feeder A fund or a feeder C fund, as long as the holding time is less than 7 days.
In a thousand words, it is difficult for investors to make money beyond their own cognition, and everyone can only make decisions based on their own cognition. I hope that in the volatile market, we can all stabilize our mentality, choose the method that suits us, and reach the other side of the light.
Risk Warning:
The above views, opinions and ideas are based on current market conditions and are subject to change in the future. Past performance of the Index is not indicative of future performance and does not constitute a guarantee of investment income or any investment advice. Indices operate for a relatively short period of time and do not reflect all stages of market development. Funds are risky and should be invested with caution.