The way to make money

So far, 18 years and 4 months, 1141.22% accumulated increase, 14.73% annual income.

This is the transcript since the stock market fund index listed.

The Secondary Fund Index reflects the overall performance of the full market stock fund.

Data Source: WIND

Data is beautiful, but there are still many Chinese people say they don’t make money.

In the first quarter, Alipay announced a data – a \”net red\” fund of 120% of the annual rate of return, and its over 80% of the holders lost 5% or more. There is 65%.

After the \”Fund makes money, the foundation does not make money\”, it is not only subjective reasons for investors, but also objective reasons for fund managers and A-share markets.

chase rose killing

Investor buy fund’s enthusiasm and market quotes Highly correlated.

When the market is in the bull market, the explosive fund is frequent;

When the market is sluggish, the fund does not ask.

There is a picture of the truth:

Data Source: Wind, Small Run

The share of stock funds gradually in the market Increased, net buying in the highest point;

The stock fund share gradually decreases in the market, and the net sells the most at the lowest point.

This shows that most people are buying in high point with wind, and low-end reluctance.

[ 123] 02

China Fund Industry Association released the \”2019 National Public Equation Fund Investor Survey Report\” show:

[123 ] 45% of investors hold a single fund average than 1 year;

80% of investors hold a single fund average time for more than 3 years.

A group of results of a public fundamental FOF researchers have made a set of results of more than 20% of the annual income of over 20% and more than 10 billion models:

These performance The fund is under the largest retractionAfter returning to the previous high point, 1415 days (nearly 4 years), accounting for 37% of the total number of funds,

, the maximum increase in the total number of days, which is 22%, this interval is rising The fund net value contribution is 62%.

In other words, even if these performance funds, more than 1/3 of time is in the middle of the time;

More than 60% of these funds are completed in 1/5 of time.

So, after you bought the fund, it may be the junk time without the market, or even the loss of the loss.

The holding period is short, and it is impossible to cross the stock market, and cooperate with the operation of changing the fell, which means that this part of the loss comes from buying in the previous high, and there is no patience. Waiting for the market to reach strong strength, cut your meat.

03

low throwing high absorbing band

Investors sell funds with speculative mentality, often did not make money.

\”2019 National Public Equation Fund Investor Survey Report\” found that 40% of people will choose to buy funds in the market.

When is personal investor to buy fund statistics

Unlike the long-term bull market of US stocks, the volatility of the A-share market is greater. In the A-share market, the time of bull market and the bear market is relatively short, and the market is in a swaying market.

This means that low-absorbing and high-proof policies cannot achieve higher income.

In fact, the fund investment in the A-share market needs to use time change. It is often facing 80% of the net value of the time fund. It can only earn 20% revenue; only 80% revenue will earn more than 20% of bull market time.

A share market 20% of the time earned 80% of the money

[123

Many investors like to chase the market hotspot and buy funds based on the market hotspot. When you use the white wine, you can buy a photovoltaic when the photovoltaic fire …

But the hotspots of the A shares are always switched quickly. When a certain topic or industry is hot, related stocksThe price may be in a high level, this time the investor is buying again, and the short-term probability will face a retreat.

The first quarter has increased the first quarter of the first five inquiry industry

Data Source: Wind

Superstition \”Champion Fund\”

Look at the rankings, it is a routine operation of many people.

Because of this way, it is most in line with humanity.

On the one hand, everyone disgusts losses, preferences, and other aspects, everyone likes to save trouble, take shortcuts.

In particular, the \”Champion Fund\”, the open publicity, it is difficult to make people feel uncomfortable.

However, historical data showed that the previous year’s fund is often flat in the second year or in the third year.

We have done a statistics before, buy the next year’s Champion Fund VS to buy the first year of the previous year in the previous year (bottom fund):

From 2011 By 2020,

In the first year, the champion fund is bought, and the accumulated yield is 83.44%;

Buy every year The \”countdown first\” last year, the accumulated yield is 111.70%.

Buy the bottom fund for each year, win!

06

Fund Manager’s performance Sustained weak

Whether it is a stable fund manager, it is difficult to ensure the continuity of performance.

Stable Fund Manager, in the past year, due to its style and market matching, the fund performance is excellent, but when the market style switch is switched in the second year, the fund performance is naturally easily reversed; 123]

Although the fund manager of style drift, although excellent performance through combined management in the past year, it is difficult to grasp the market in the second year may be affected by configuration preferences, cognitive deviations, over-confidence and flock effects. It is also difficult to continue performance.

There is a truth:

2249 established prior to 2019 only actively manages the biasing fund (Wind classification, different charging mode merge) Calculate its natural annual yield from 2005 to 2020, ranking the first 20% in N-yearSituation:

The first 20% of the 2 consecutive years, a total of 394 / time, accounting for 3.78% of all samples (10433);

For 3 consecutive years, it has been ranked first, 40 / time, accounting for 0.47% of all sample quantities (8508);

For 4 consecutive years, 20%, A total of 4 / time, accounting for 0.06% of all sample quantities (6583);

For 5 consecutive years, the top 20%, a total of 2 / time, accounting for all samples (4984 0.04%;

For 6 consecutive years, the top 20%, a total of 1 / time, accounting for 0.03% of all sample quantities (3796);

[ 123]

The top 20% of the 7 consecutive years, no

…

Data Source: Wind, Calculation Mode: Choose 2001.09.21 (First Open Fund was established) A total of 2249 active babies (Wind classifications) were established on January 1, 2019, calculating the complete annual yield of each fund from 2005 to December 31, 2010.

07

A shares on investors \”unfriendly\”

for ordinary investors For, A shares can be considered a difficulty of hell level.

First, the fluctuations are large.

The horizontal contrast global main stock index, the annualization fluctuation rate of A shares represents the forefront.

The rising rose fell, and the substantive fluctuations made the fund investment experience.

Data Source: WIND Data Statistics Date: 20050101-20210831

Second, the market style is easy to switch.

As in the past few years, A shares repeatedly jumped between the large-catch blue chip and small plate growth.

It is difficult for investors to get better benefits based on market style selection funds.

\”Fund makes money, the foundation does not make money\” complete.

So, how do I solve the problem of \”fund making money, people do not make money\”?

For ordinary foundations, the objective environment of the fund manager and A shares is we are uncontrollable, but we can do betteralready.

1, understand the fund you want to buy

Look at the fund performance is good, the mind is hot, the result It is often not too good.

Take out the goods than the three attitudes, and pick up the money, they will live up to the money.

Before buying a fund, the at least to the investment direction, the fund manager, etc.

2. Avoid buying funds in the market (123]

How to determine the high and low points of the stock market?

We have previously articles \”Is it still cheap now? Hand teaches you how to judge \”, share 5 very practical indicators, interested in small partners can go see.

3, try to take the fund to take a longer

We have done data statistics, from historical data Long-term investment is expected to significantly improve the probability of fund profitability.

Data Source: Wind, Small Run

Data Statistics Zone: December 31, 2003 – 2021 3 Yue 31

Note: 1 Three months, the fund, calculate the daily price of the index according to the weights of each fund daily income.

The above results are derived based on historical data, for reference only, does not represent future index performance, nor does any benefit commitment.

4

Especially in the market that waves this large fluctuated, it is especially important to be an emotionally stable base.

After investing, adjust the mentality, patiently hold, hold slowly, rather than making quick money, you may have a better fund investment experience.

References: Strong Securities \”\” Fund to make money, do not make money \”, 20201215