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Data:2009-12-12 2:34
China's stock market surged in 2006, stock funds on average net growth rate of 115.7 percent, the Fund's money has brought the fund market effect of hot, the Fund has become one of the family are a major species. Investors entering the fund market, the desire to understand: how to buy funds? What to buy funds? How to avoid risks as much as possible under the premise of making more money? According to our investment experience, as well as customer behavior analysis, summarized the following four major investments of the Fund Mistakes and four winning magic to help you achieve your wealth gains.
Four Fund Investment Mistakes
Misunderstanding 1: Buy a new fund, do not buy the old fund.
Considerable number of investors only when the bank launched a new fund when the purchase, and some people even to buy a new fund of funds will rise much more to sell. Sale of new funds, banks line up outside hot scene seems to have proved the correctness of such acts. But this is a typical blind investment behavior.
Because open-end fund is open subscription of each trading day, there is no scarcity, in the fund, after the new one can still buy. The new fund has no track record, investment strategy may not be proven, but mostly by the new fund manager, investors can not judge the merits of its management capabilities. In addition, the new fund Jiancang a longer time, in the Jiancang if the market rose during the period, the Fund net gains will be lower than similar funds. On the other hand, investors can study the old fund's past performance, analyze its pros and cons of performance, whether a continuing nature, as an investment basis.
Therefore, the "new funds" should not constitute a reason for investors to choose funds, the old fund should be the focus of investors to choose.
Misunderstanding 2: High-net worth phobia.
Scenario: "The Fund net so high, there is no upside, and can not buy it!."
Share of the net value of the Fund as an investment is based on the level of investments of the Fund to another misunderstanding.
In the same circumstances, the net value of fund shares outstanding high performance of the Fund, as well as fund managers strong performance management capabilities. The Fund's upside depends on the overall performance of the stock market and fund the company's management capacity, and fund share of the net value of the absolute level does not matter, there was no net increase of cap-and-space.
China's fund industry is still relatively young, in 2006 China's open-end fund industry experienced its first great bull market, the current net value of fund shares the highest net worth just more than 3 yuan. The United States Fidelity Magellan fund management company's Fund was established in 1963, has been operating for about 44 years, by the end of April 2005 the net had reached 114.96 U.S. dollars, or about more than 900 yuan. I believe as time goes by, the domestic outstanding performance of the Foundation, the Fund continue to create a new high net worth. Wang Zi is estimated that the fund investors to limit the practice of the net proved to be a failure.
For example, from 2004 to 2005 the majority of the Fund's net worth is 1.2 yuan, long-term bear market so that investors think the 1.2 Yuan a distant ceiling. However, in early 2006, 1.2 million had been easy to break, some good has been the Fund's net rose to nearly 2 Yuancai callback. 2 yuan has become a net cap the eyes of many investors, the fund close to or exceed the net when you encounter a large number of redemption 2 yuan. Not long ago, investors have doubts about 2 yuan more than the fund can go up where? However, as of January 22, 2007, there have been a net worth reached 3.087 yuan, the cumulative net worth to reach 3.4169 yuan to the fund. Facts have proved that there is no net value of the fund subject to a ceiling, high net worth funds do not exist up limited space issues. On the contrary, in the same circumstances of high net worth funds are mostly a good strong fund management capabilities. Because the fund of high net worth, not buy, investors would lose a very valuable investment opportunities.
Misunderstanding 3: Long-term funds, short-term trading; Change to the Fund under the stock-band operation.
Scenario 1: The fund rose a lot and went back to previous high point, and immediately redeemed, or too late.
Many investors buy the fund's money could be used for long-term investment, if the fund is much more up on the net redemption of years, then the money and invest in what species do? When re-entering the market? Band operation proved to be the investment strategy is wrong.
According to my company's management of a Fund as an example, when the beginning of 2006, the Fund net 1.2 Yuan after the break, a large number of investors to redeem funds, short-term profits. However, the net redemption does not stop the fast-rising pace, forcing investors to recognize that not to invest greater risks. When the fund net value of more than 1.5 yuan, investors only a large number of subscription, in the middle has lost 0.3 yuan rise. Net value of the Fund in the month of 2006 reached 6,7 phased high, close to 1.9 yuan, then the callback letting short-term operation of the fund investors frightened, when the fund net again bounced back to around 2 yuan process, a lot of money withdrawal of the Fund. Later, the performance of the Fund will make these investors begun to regret it, in less than two months, the fund is up by 50%. The beginning of 2006 to January 19, 2007, the fund has risen more than twice the net, but if any of the above band operation, yields may have only around 60%.
Scenario 2: It seems that stock should be adjusted, or redemption of some, until the stock bottomed out and buy back.
Such a fund investment strategy seems reasonable, but the investor has the ability to predict stock movements do? Down the number of stock in order to judge the stock to be adjusted, rather than short-term volatility?
Investors no specific time, professional knowledge on the macro economy, policy direction, the market capital supply and demand, corporate profits and other factors that affect the index direction, it is impossible to predict a more accurate index of Change. Are often more obvious in the stock market decline has emerged circumstances, investors can judge the index may be adjusted, when Zaiqu redemption, is likely to sell a low. Last year in July to early August, A share index more than 1700 points down to more than 1500 points, it seems that the market will enter a deep adjustment phase, early in August on two consecutive days I managed a fund, there was greater amount of redemption, but after that the market on a strong rise in net funds rate has not been there deep adjustments. The timing of redemption of the funds is almost the lowest stage.
Judgments based on the index, band operating funds, it is impossible to achieve success.
Misunderstanding four: lack of risk awareness, the whole warehouse into rush redemption.
Scenario 1: I have heard a lot of money funds, stock index rose more than good, hurry to buy the fund will deposit funds to buy out the whole bar! Case 2: Oh, the fund fell, the original will be at a loss to buy the fund, or redeem the bar.
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Fund invests in stocks, stock price fluctuations, both the potential high returns may also bring higher risks. If the hearsay, blind investment, especially in pursuit of higher returns can not be the original venture capital investment in the Fund, will inevitably bring a greater risk.
In the first half of 2004, for example, when a long absence, a substantial stock market rally, from November 2003 to April 2004, the stock rose about 30%, many of the funds net gains larger, below the face value of the Fund also have achieved a positive return. Fund sales of a very prosperous situation, the gate queuing up to buy the fund in the bank. Heard about the fund makes more money, the original do not understand the investment, people also do not understand the funds have to buy those funds deposit. And more than 10 billion fund was born. The results was a big market rate fell, investors suffered heavy losses, most investors until early 2006, before some sort of relief.
So investors in the investment, they must know the investment risks, be careful decision-making.
Mistakes to avoid investing more than the same time, we have also listed the following four types of the Fund's investments winning magic.
Success magic one: according to their risk tolerance and investment objectives to invest in the proportion of species arrangement.
If the money can be a long-term use, profits and losses of the funds does not affect their standard of living, but is mainly used for the pursuit of maximizing asset value, then the funds can be fully operational or a combination of equity funds in order to secure high returns. In the same categories of funds, you can also invest in the 1-3 spread relatively good corporate governance fund products, the best investment of funds by the investment strategy and quite different varieties, so you can play the role of risk diversification. If some funds will be spent in the last 1-2 years, do not want to profit and loss assets, fluctuations in the steady value of the assets can be satisfied, or not to pursue the largest, you can utilize the funds will mainly invest in hybrid funds, debt funds and partial bond funds or their combination, while a small amount of configuration stock funds. If you have some money want to maintain good mobility, can be easily drawn, while others want to pursue a stable value, you can invest in money market funds, short-term debt funds, bond funds, the proportion of equity funds at a low level to control.
Investors should be set up based on risk tolerance and investment objectives, asset allocation percentage of the concept of the ratio of the specific arrangements, consultation with the banking, securities companies and fund management companies, investment consultants.
Success magic 2: Select a strong investment management capabilities of the performance of fund managers on better management of the fund.
I said before, not because it is a new fund of funds with low net bought and should not be hearsay, then they should buy what fund? How to analyze it? The key there are two points: First, investors must do their concern about the fund, because investors want to own money, decision making, no one could replace you to make a decision. Second, is to choose the Fund depends primarily on fund management companies and fund managers of the investment management capabilities, which can help you make money.
While investors can not all go to the fund management company for himself, there are still more ways to help you to judge. Of funds and fund management companies to understand the information channels are the following: First, the fund rating agencies, securities newspaper, Morning Star, Galaxy Securities, Lipper for fund companies are rated at newspapers and agencies found on the website rating results; 2 is a fund management company's Web site; 3 is to use an Internet search engine on the fund, fund companies, investment management personnel, news, information, etc.; Fourth, pay attention to and participation in banks, securities companies and fund management companies organizations, fund reports, and to meet will.
First, we can look at the fund management company's overall management capabilities, the company's fund four, five-star small quantity of funds, whether the company obtained authority in selection of fund investment management awards, intermediary institutions, the media of the company's evaluation, whether there is default behavior. Secondly, the election of a strong management capabilities, multi-award-winning, public evaluation of a high compliance operating fund management company, in its underlying funds selected stars higher net growth rates high and can continue to stay ahead of the performance of the fund . Here we must note that there are different types of funds can only be compared to similar funds. Finally, then look at the fund manager's background, experience, past performance and so on, whether they have a high quality and rich experience.
Several varieties of the shortlisted options, may observe a period of time, as compared with the ebb and flow in the market circumstances, the performance of these funds and stock index rose fell, as well as other funds comparison.
If you do the above steps, the basic ability to elect the management of investment management companies manage the performance of a good fund, it is investment.
Success magic 3: long-term investment, not to band operation.
Can be long-term investment funds, should be the Fund's long-term investment, not to-band operation. Do not care about the Fund daily net up or down, up to a month or quarterly to see once. Six months or a year, according to the winning magic yourself two evaluate investment is not "good funds."
Fund management company is a professional body will be judged according to the market to adjust positions as well as the variety structure. Since the purchase of a fund, it will be the professional thing to do to the professional bodies will be better than he.
Success magic 4: regular fixed, add up.
Fixed investment law on a regular basis not only can help us to develop good savings habits, but also the power of compound interest is huge, and can give us a huge amount of wealth. For example, we bought 2,000 yuan a month the Fund insists on 20 years, the principal of the Fund's investments to accumulate to 48 million, if we choose to fund in 20 years, the average annual rate of return of 5%, then 20 years later, the fund will total net value of increased to 819.4 thousand yuan; if we choose to fund higher levels of access to an average annual return of 8%, then 20 years later, the fund will increase to 1.1453 million yuan net. In addition, retail investors is almost impossible to accurately determine the market up or down, and therefore can not determine when is the right time to buy the fund. France to take on a regular basis can greatly reduce the fixed timing of fund investment risk and investment costs can be apportioned, access to better investment results.
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