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Have you checked your fund accounts recently?
With the recent rebound in the A-share market, the net value of many funds has returned to the highs before the Spring Festival and even hit new highs.
South-South statistics, of the 2831 funds with mixed stock and equity-oriented stocks in wind, 1113 have returned to the highest point of the market this year on February 18, accounting for nearly 40% (calculated separately in AC categories). Among them, 208 funds rose by more than 10% compared with the highest point. (wind, 20210628)
Judging from the situation throughout the year, there are 2,412 equity-oriented and ordinary stock funds that have achieved positive returns, accounting for 85%. From the perspective of the track, funds that are planning to tracks such as , medicine, food and beverage, pro-cyclical , performed well.
those benefits and those happiness seem to be back! Even investors who entered the market at the high point before the Spring Festival saw that funds had recovered one after another. It has been half a year since the Spring Festival and now, and I finally got through it.
New question arises: Should be redeemed?
fears the uncertainty of the future market
Nan Nan observed the relevant discussions on the Internet and found that there are two main points:
The first place is 3600 points, and I really thought it could rise to 4000 points. I should redeem it quickly to prevent the profit from being given up again. The second batch of
finally got back to the point of getting back, so redeem it quickly! Don’t learn to buy funds, you won’t have the chance to make a fortune.
Everyone's words and deeds are also consistent. Guosheng Securities once did a study that during the market rise, equity-oriented funds were redeemed more. For example, from January to April 2019, May to July 2020, the market bottomed out after experiencing the previous round of decline, and there were large-scale redemptions during the rise, and this round happened to be at the time when the rebound fluctuated after the big drop in the Spring Festival.
Nan Nan found that these people who are anxious to redeem have a common feature: they are afraid of uncertainty in the future market.
01
Face uncertainty and losses, which is the norm in the capital market.
A public FOF researcher made a set of calculations for high-performance funds with 6 years of establishment, annualized returns of more than 20% and scale of more than 10 billion: After these high-performance funds encountered the largest drawdown, it took an average of 1,415 days (in the past 4 years), accounting for 37% of the total number of days of establishment of the fund, and the maximum increase range accounts for 22% of the total number of days of establishment. The increase in this range contributes 62% to the net value of funds.
Even if it is a very good fund, there is more than one-third of 's time is spent in climbing pits, and more than half of the income is obtained in one-fifth of the time.
climbs the pit, goes out of the pit, climb up, falls down, and climbs again... During the process, the net value continues to hit new highs, which is the norm for a high-performing equity fund. As a holder, you will also experience the process of rising, losing back, rising again, losing again, rising again, rising again, and rising again, and eventually obtaining relatively satisfactory returns.
Uncertainty does not mean loss, and losses are sometimes temporary. Facing the uncertainty and losses in the capital market is a must-pass way to hold equity funds, and this is the first point that Nan Nan wants to say.
02
Second point: The net value of the fund is not the basis for our trading.
often ask me, the fund has risen so high, can I still hold it? Behind
is the concern about the limited room for fund growth in the future. If you have this idea, it is likely to be a confusion of stocks and funds. Generally speaking, we believe that the lower the price, the higher the investment value of the stock.Because the return capacity of stocks is relatively fixed, that is, stocks have intrinsic value. The more the price of a stock falls, the more room it is to rise, the more worth investing. On the contrary, if the stock price is too high, there is risk.
But funds are different. As long as the fund manager has strong investment strength and good performance, his net value will always have the potential to rise, and there is no limit on intrinsic value. And conversely, the high net value of the fund means excellent historical performance and fund managers.
So overall, the rise in the fund's net value has become higher, which is not the basis for us to sell and redeem it. Investing is future-oriented and long-term.
03
Third point Our original intention of investing in funds is to make money, and it never reimburse money. Everyone knows this, but as I invested, it changed: "The fund I bought has made a small profit, sell it quickly! Don't be too greedy. The fund I bought has lost a lot of money, and I will be trapped and lie flat immediately, wait and wait until the capital is recovered." Typically, keep the losses and cut off the profit. What's the problem with
? We all know that investment should focus on the long term, but many people have not really done it. What would happen if you invest in a long term?
In the early South-South period, the annualized yields of equity-oriented funds and ordinary stock fund index generally exceeded 10%, the annualized rate of change in the past three years exceeded 20%, and the annualized rate of change in other periods was between 10% and 18%.
Data source: Wind, 20110604-20210604
But this process is not smooth, but thorns are everywhere and ups and downs. Be mentally prepared to withstand fluctuations before setting off.
is living in houses, not speculation, traditional bank financial management is broken, equity assets ushered in great development, and peering with excellent fund managers, focusing on long-term investment, rationally viewing twists and turns, and sharing the dividends of the growth of a big country by investing in high-quality enterprises is one of the best ways for us ordinary people to achieve wealth appreciation.
Of course, after experiencing this round of rebound, if your returns reach the expected rate of return, or have a better investment target, or if you look at the decision to buy a fund now, it is irrational and wrong to examine the original decision to buy a fund. Nannan also supports redemption, correct deviations in a timely manner, and adjust to more suitable and better funds.
The views in the article are for reference only and do not constitute investment advice.
funds are risky, so be cautious when investing.
Please select the adaptive product based on risk tolerance
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