Category: Money tips Release Date: 2006-03-26
Trend Hengqiang not weak stocks camp differentiation, ordinary investors, if not too greedy, learn the Fund's methods of operation, to build a portfolio of their own to get the market's average return is a good choice.
In the non-systematic risk, systemic small-market conditions in order to composability advantages for the operation, one portfolio of multi-asset allocation can be mutually offset by the non-systematic risk of individual stocks; Second, portfolio investment can ignore the market's face just need to appropriate the assets of the portfolio adjustment and optimization of on-line. Take a look at those funds, in 2001, when the broader market 2,200 points, their positions about 65% share, in the years 2002,2003,2004 tape more than 1300 points, their positions, or about 65% in last year's 998-point the time, their positions are still about 65%, but they are the previous five-year bear market in the loss is the smallest in this year's earnings Quotes are enormous. Rely on what is relied on the continuous optimization of the portfolio.
Ordinary investors portfolio of operations There are several ways, the simplest is the selective cloning of a fund's portfolio. Due to the large volume of funds, and the stock may have a position on a single restriction on the amount of their portfolios are often dozens of different types of stocks, "filled with a basket of" ordinary investors in the cloning of the most effective way to find out the fund portfolio of different types of (usually industry) stock position distribution (position ratio), and then the same type of stock fund's holdings, only one of the best options to buy shares in the proportion of bought positions equivalent to the same type of stock fund the proportion of positions. So this way, the average investor's stock portfolio in fact only a few months, and the combined structure is more than the Fund's investment portfolio optimization.
If investors to build and optimize the investment they have the ability to mix, then the advantage is even more prominent. Because the "small boat U-turn" of the competitive advantage, enabling ordinary investors can comfortably conduct portfolio optimization in a combination of different characteristics between the timely conversion. For example, in the general trend Quotes of the high area, the portfolio should focus on the defensive in nature, the assets should be inclined with a variety of defensive nature; On the contrary, in the broad market from the bottom up stage, the portfolio could focus on growth species; in its annual report the distribution period will be could focus on income-producing species. Having a severe degree of shock or trade the turn of the economy, but also means the use of hedge portfolio asset allocation. Market becomes more mature and investment have become increasingly professional, learning portfolio investment, before being tested in the market, long-term profitability
