Category: Money tips Release Date: 2006-04-19
Index rose in early 3000, many of the people they clamored to the stock market bubble bigger, higher risk, if you choose get out at that time, it now only look at the way the stock market too far away, sigh sigh ran. Today, the stock has earned 4100 points, look at those empty words still linger.
Their caution stems from China's stock market may be most painful lessons of historical experience. However, faced with a large number of accounts each day the number of abundant liquidity in the market, the stock market's "Hoof" appears in the short term will not stop there. In the 4100 point mark, the investors how to invest?
Compared to direct investment in stocks, the fund itself is a more prudent investment. But has reached the 4100 point mark, investment funds must not be as indiscriminately as the grocery shopping, we should conduct in-depth consideration, prudent investment
1, the selection of high flexibility in asset allocation funds
Hu Zhi 4,000 points above the long-short as the market differences between the two sides become increasingly clear that stock market volatility is also increasing the frequency and amplitude. As the proportion of the stock position to configure the different equity funds and balanced funds, or fluctuations in bond funds may vary by.
The relevant data shows that a balanced fund because stocks and bonds in other asset classes, the ratio between the flexible configuration, thus subject to market fluctuations is relatively low. In addition to lower risk than with a flexible configuration features a balanced group of funds whose income is not bad, like last year throughout the year, balanced funds average return of 130%, while the equity fund average return of only 128%.
Defensive strong gains not bad, why not choose "move forward and attack, retreat and defend" the type of fund it?
2, selection of an appropriate scale and flexible investment fund
Morningstar Ranking data show that this year, the top front of the open-end funds are smaller, adjust the flexible funds, while the super-carrier is flat. Longer be established before 2006, the partial stock funds, for example, statistics show that in 2006 growth in front of the net equity funds of funds in both the size of the main one is about 3 billion fund, another class is The average asset size of around 1.5 billion fund (source: Morningstar information).
Therefore, the investment rate in the deep to withstand market shocks may wish to consider selecting the scale is moderate, good flexible fund products.
3, guard against excessive concentration of ownership of funds
Excessive concentration of ownership of funds belonging to the more aggressive style, type, usually do not have a strong character. If you lighten up such funds, the impact on prices will be formed, which will also fund a significant impact on the net.
Therefore, for such a radical style, while small holdings are more concentrated and the fund, investors still need to be cautious.
4, choose good old fund
Relative to the new fund, the old blue-chip stock fund has positions, and the new Fund in the 4000 points will have to face higher costs Jiancang. Meanwhile, the new fund if the same old fund has been buying a good stock, then the new fund is nothing more than for the old fund "lifting the sedan chair" so the old fund may be in the new fund Jiancang benefit.
Of course, in addition to the product itself, the company is also a need to focus on the strength of the important target for investigation. If a company a large number of fund products, only one outstanding product, the performance of the rest are poor, then the firm's investment research capabilities can not be regarded as sound good.
5, diversified allocation funds
Basket of eggs, said a long time, Buffett tells us, they should put all their eggs in one basket, in the known root Zhidi circumstances, give it everything. However, the number of the world, Warren Buffett do? Especially in the frequent fluctuations, condition unknown in the second half, we can guarantee that their choice of fund proceeds must be the best "Golden Rooster" mean?
In fact, the risk control is still the best way to diversify their portfolios. Peter Lynch as an investment with the Master is the typical diversified investment. He has repeatedly warned us, "Do not put all their eggs in one basket."
Similarly, we do not make money in a "Golden Chicken", in addition to conservative monetary funds and other products, most of the open-end funds, after all, is to invest in China A-share market, in other words, the fund is also buying shares in large Most of the time the stock fell, the fund will also fall.
Type or partial purchase of the stock, while shares of funds, may wish to consider and then choose for themselves 12 different types of funds, for example you have 10 million in idle funds, prudent approach is to buy 50% of the equity funds, 50% of the partial debt-type or bond funds.
Similar to the fund manager to the Fund's assets will configure different stocks, as investors in the fund can also invest in micro-configuration to create a fund portfolio for themselves. Thus, to some extent a single species can spread the risk of investment.
6, be treated with caution passive index-type funds
As early as 2006, the market believes that in 2008 the 5,000-point overlooking the voice of the endless. However, over the last half of 2007, not yet, jump up on the indexes had 4,000 points. As of May 18, the Shanghai index rose 169.20% have been achieved. Statistics show that an open-end fund one-year total return perspective, the top 10 in index funds accounted for four seats, and the four index funds have outperformed the broader market. In the stock funds ranked in the top 10 there are eight index fund. Can be seen in the previous bull market index fund has become the most dazzling star.
However, index funds are passive funds, after all, products, stock index by an exact copy of the constituent stocks of passive investment. In other words, such products only in the unilateral rising bull market can be regarded as investment in high quality goods, and for the increased risk of frequent shocks market, 4,000 points, then have a smaller initiative and risk control.
Perhaps in the past you have huge profits in an index fund, but in the subsequent market, rather than let earnings shrink as the stock ups and downs, why not take the initiative to fund outstanding product.
7, efficient allocation of total assets
Create a portfolio of funds or the micro level, asset allocation, macro level, we can also configure the total assets of an individual arrangement. Bull market of the stock market so that people come up with many years of savings, swarm onto the influx of the securities market. In this moment of the non-rational investors should be a clear understanding that, come what luck can be a result of luck altogether. A Western proverb says: "Easy come, easy go faster." Stock market has also kept the fast money with this statement confirmed.
The real investment should be a scientific theory of investment. Of total assets, and we may have a clear understanding of individual expectations. For example, a portion of the assets into the stock market, part of the assets into the fund, and the other part of the asset or savings into the property preservation varieties, the rational allocation of their assets, you can let us have a better life.
