I am a university student, and I have a lot of spare time. I want to learn the knowledge related to stocks and funds, but I do n’t know how to start.
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I am a university student, and I have a lot of spare time. I want to learn the knowledge related to stocks and funds, but I do n’t know how to start.
You must be logged in to post a comment.
The misunderstanding of several fund investment hopes to help readers:
1. Fund investment should have sufficient patience and adhere to long -term investment.
Ben according to my experience, at least the holding fund should be more than three years, the longer the time, the better. As far as I am concerned, there is no reason to sell funds, unless the end of the world is coming. It is very likely that when I died, my fund was still not sold. Fund is better than any art, jewelry gold, antique cultural relics, guns and ammunition.
The long -term reasons can be explained by a very simple example: from the beginning of spring to the summer solstice, the temperature must be rising, but it does not mean that every weather from the beginning of the spring to the summer solstice is not lower than the previous day. When a cold current patronizes, it may be greatly cooled for a period of time, and even Wang Ba, who may even end the hibernation. It can be considered that the stock market has continued to rise in the long run, but there may be a big decline in the short term. When buying at a decline, you face losses, but as long as you persist for a long time, you will be profitable. The road of investment and holding funds is twisted, but the prospects are bright.
I unfortunately many investors make their own "falling bags for peace", throwing it out after a slight growth, and missed future growth. In August 2002, when I was in office in Bank of China, I bought the Yifangda Steady Growth Fund. At that time With the fund, all the rest are thrown. At that time, the cumulative net value was about 1.3, and the current accumulated net value was more than 2.1 yuan. In December 2003, the Yifangda Strategy Growth Fund, the highest redemption price of colleagues I know was 1.22 yuan cumulative net worth, and the current accumulated net value is about 3.4 yuan.
The fund investment is definitely risky. Most of the time I bought the funds and lost money after buying. But the decline is temporary. It is not terrible. For example, the fund Xinghua, which was established on April 28, 1998 until March 4, 2005 rose 121 %, and the Shanghai Stock Exchange Index fell 3.4 % at the same period; the net value of the fund science and Huihui established on April 2, 2001 rose 53 %. Fall 39.4 %. Take a look, in the case of the bear market at that time, the stock market declined, the fund experienced how many "Black Monday", "Black Friday", the 911 incident, the state-owned stock reduction, and the expansion of the stock market. The fund can still achieve 10-20 10-20 %Of the annual income even doubled. What's terrible to fall? Fund Kehui has accumulated a net value of nearly 3 yuan. I think I should not find any fund behind the stock market index. Because of the professional and experience of the fund manager, the fund has always been able to lead the stock index.
. Although the current net value of the fund has doubled, it is relatively small if even the income is worthy of satisfaction. This is just the first step in the Long March of Wanli. Fund investors should maintain the spirit of the wind and look at the spirit, keep the wind and waves, and unswervingly hold the fund to obtain greater benefits.
2. The specific investment varieties should be selected from the products of the fund companies that have performed well, and they should buy old funds and reject new funds.
The principle is very simple. For example, a student, the results of each semester are ranked three in the school, which lasts for four years. So what will happen in the fifth year? Obviously, the probability of continuing good grades is great, because behind the four years of good grades is the basis of intelligence, diligence, and advanced learning methods. Therefore, the old fund company, which has always been good, is trustworthy. Because of its excellent performance, there is a basis for achieving this performance later. And the newly established fund, I don't understand why so many people buy it. It's like a new student who is studying for a study. How can people have too much hope for his academic performance? At the same time, some funds seem to perform well, and the net worth has grown rapidly in the short term. But, have you seen whether it was the lowest point of the bear market when it was established? If so, you can buy the cheapest stock at will, of course, it is good. Therefore, although the fund of Morgan Company performed well, I couldn't recognize it because it did not experience the baptism of the bear market. The same is true of Guangfa Fund. However, in 2001, the Yifangda Fund Corporation was established before the Chinese stock market entered the big bear market. It can be described as when it was born in crisis, but his performance has always been good. How can I not believe her?
Fortunately, the first and second funds I bought were from the E Fund Fund. In the bear market from 2002 to 2005, I observed the net value of the fund company of the Etida Fund and the changes in the stock market index almost every day. When the stock index fell, its net value also fell. The rise, but the rise is greater than the stock index. In the process of falling or rising in the stock market, the probability of this kind of incident is almost 100%. I have observed it carefully every quarter that the Ten Stocks of the Fund's positions announced each quarter. The Stable Growth Fund holds a maximum of more than 65%of the stocks. In the bear market from 2004-2005, it has long occupied the first fund accumulation of net worth for a long time. Based on the reports of the E Fund Fund Company, I have a more detailed understanding of its operating model, including the understanding of the two major fund managers, Jiang Zuoliang and Xiao Jian. Yifangda has launched a 10,000 yuan and 10,000 yuan fund to send investment reports. I participated in and studied carefully. Therefore, in my eyes, there are only three fund companies in China, Efelida, Harvest, Huaxia, and other fund companies do not exist, and funds that can invest in only E Fund. The best fund is the growth and active growth of E Fund's strategy and the fund.
The general fund investors, have you understood the historical achievements of the fund company you want to invest? Have you understood the historical achievements of the fund manager? Have you compared the performance of fund companies and fund managers with the index of the stock market? Have you compared with the performance of other fund companies and fund managers? How can Shanghai University compare with Peking University? How can I compare with the graduates of the University of Shangda?
3. The cheaper of the new fund is a big misunderstanding. Many investors are sold after the net value of the fund they buy, and then buy a newly issued fund. The net value is only 1 yuan. This can be said to be stupid.
The simplest analogy. At present, the old fund with a accumulated net value of 3 yuan. At the beginning of the weighted average price of 10 yuan, the stock bought the stock. Fund, net value rose to 3 yuan. But now the newly established fund, although the net value is only 1 yuan, it can only buy stocks at a weighted average price of 30 yuan. In this way, when the stock market rose, the average price of stocks rose from 30 yuan to 33 yuan, the net value of the old fund rose from 3 yuan to 33 yuan, and the net value of the new fund rose from 1 yuan to 1.1 yuan. For investors, 30,000 yuan of investment, without considering the handling fee, you can buy 10,000 old funds with a net value of 3 yuan each, or a new fund with a net value of 1 yuan per port. In fact, the income is 3,000 yuan. For example, the stock market fell, the average price of stocks fell from 30 yuan to 27 yuan. Investors whether they bought new funds or old funds, the loss was the same.
If this is not an objective fact that idiot should understand? But I found that more than 80 % of fund investors did not understand. Why has there been a large proportion of old funds with high net worth recent value, reduced net worth to 1 yuan, attracting investors to purchase, and investors immediately subscribe for a large number of? It is because investors think that 1 yuan fund is cheaper. After thinking that the net worth returns to 1, the fund can return to the past through the space -time tunnel to buy cheap stocks. CICC also criticized this approach. In fact, this is a way that the fund has no way. The foundation of the people has to adopt a confused method. The fund has to sell high -quality stocks, because it has obtained cash in this way, turning floating income into real income to divide it. The high -quality stocks sold in this way have to buy back again. This is actually a way to damage the original fund holder.
4. Don't expect huge profits.
The development process of the US stock market in the past century shows that the yield of the stock market has maintained a compound growth of about 11%. That is to say, when the growth of a certain period is far higher than 11%, there must be a period of time far below 11%. For example, before 1929, the US stock market skyrocketed, so it began to plummet since 1929, falling at about 90%. In this way, the rise in the stock market in 2006 is unlikely to continue to be replicated in 2007. The so -called "golden decade" of the Chinese stock market is even more irresponsible. It can be considered nonsense. (For details, see the "Chinese stock market for ten years of gold in the golden stock market" in my blog for details.) For investment, it is best to reduce the expectations value to avoid disappointment. Because huge profits are impossible, it was profitable to invest in the fund in 2006. This is worthwhile to be vigilant for all fund investors. The word "Infinity" is to mix out and always pay back. A certain period of profit must be repaid by future losses. Although some of the huge profits in 2006 are repaying the debt of the bear market from 2001-2005, the bear market from 2001-2005, why not repay the bubble debt of the Chinese stock market before 2001? Personally, investing in funds, long -term average, 10-20%of annual income can be expected, and the expectations of huge profits are unrealistic.
5. The fund does not only make money, and the investment is risk of losing money.
It, whether it is stock or fund. In the long run, the yield is much greater than bank deposits or bonds, but why do you not invest a lot of funds on stocks or funds? Psychologists have already given the answer: 10%of profitable to investors is far less than the pain caused by 10%to investors. In order to avoid pain, many investors choose bank deposits without risks.
The increase in net value of the fund in 2006 is a unique year since the birth of Chinese funds. This year, the stock market basically did not continue, a significant decline, and the natural fund has been profitable, and its profit is generally more than 100%. According to the fund investment experience starting in 2002, 10%of the fund's annual income can be expected. Excessive profit expectations are unrealistic and absolutely unrealistic. Buying funds in the stock market is relatively high, the stock market has fallen, and the fund losses are almost inevitable. For example, the Ichida 50 Index Fund was established in the first half of 2004, and the stock market was established at a relatively high level. At the lowest, the net value fell from 1 yuan to nearly 0.8 yuan. Such examples abound. This risk, although people who invest in funds may not have experienced it, they must understand the time, and they must have psychological expected expectations. I predict that in 2007, the stock market will inevitably have a big decline. At that time, the fund's net value may shrink significantly, and fund investors will face tests.
6. Do not stare at the open funds (hereinafter referred to as the "Kaiji"). The closed fund (hereinafter referred to as the "seal the foundation") has an advantage.
Since China ’s first foundation in 2002, after the launch of the Huaan Innovation Fund, Kaiji has sprung up as rapidly. However, there is a small gold mine, that is, the foundation is forgotten by the market, and it is ignored by many new investors.
The biggest difference between closed and open -based: First, the share of the base is fixed, so the foundation can only be sold and cannot be redeemed to the fund company. Fund company redemption; the second is that the purchase and sale price of the foundation depends mainly on the net value of the fund, but it is also affected by the supply and demand relationship. Therefore, it can be discounted and bought at the current discount.
. This is the following obvious advantage relative to the foundation:
(1) The net value of the same 1 yuan, the price of the kiometer should be bought at a price of 1 yuan, and the sealing foundation is generally only 0.8 Yuan. In May and June last year, you can even buy a sealing foundation at 50 %.
(2) The processing fee for Kaibi is 1%and the purchase is 1.5%. Even if you use online transactions, it is generally 0.6%. The redemption fee is 0.5%. The purchase fee is 0.15%, and the selling is also 0.15%
(3) Since the sealing share is fixed, investors cannot be redeemed, so that fund managers can have long -term investment plans. The plan will not be disrupted by the redemption of investors. The basis of Kaibi has basically shrinking, and it takes time and less. The operation plan of the fund manager is often disrupted, affecting the rise in net worth.
mainly due to discount, I throw a large number of open funds of Yifangda and replace it with a closed fund of E Fund.
7. The timing of buying is very important.
When the stock market has a bubble and the irrational rising, this rationality is unlikely to last for a long time. At this time, investing in the fund, facing a large risk, but the possible income is small. Similarly, when the stock market fell sharply and many investors were like earth, they could buy cheap funds, and funds could also buy very cheap stocks. It is what the investment master Buffett said: "When the market is greedy, it should be afraid, and when the market is afraid, it should be greedy." Mao Zedong said: "Truth is always in the hands of a few people." It is very likely to have a lot of money throughout his life. At present, the stock market has accumulated nearly 200%, and the risk is very high. And some Xinyin people are attracted by the money -making effect, and it is not advisable to invest in the fund regardless of venture. From 2004 to 2005, I suggested to buy funds from more than 20 colleagues and friends, but only one person bought and made money is also regrettable. For general investors, it is better to miss it, don't make mistakes. Remember Buffett's famous saying: "Investment success should remember two principles. One is not to lose money, and the other is to remember the first principle." Although most of the fund managers are investment experts, they are not fairy, nor God, or Sun Wukong It was also overwhelmed by the two mountains of Yinjiao. Facing the stock market plunge, the loss of net value of the fund is inevitable.
8. Small disk fund is better than the large market.
Mimin likes to have tens of billions or even tens of billions of meter funds, thinking that such funds have strong strength and more guaranteed income. It's like a circus actor. You can perform his hands alternately to throw eggs. It has the ability to keep 5 eggs from landing. If you increase it to 6 eggs, it will be more difficult. 10 eggs will be broken. And if there are only 3 eggs, it is very easy, and even perform for 24 hours. Similarly, a fund manager is prone to good results, and fund managers will inevitably be unsatisfactory. Therefore, although I bought the Castrol Service Fund, because of the scale of more than 10 billion, I immediately redeemed it and replaced it with the Evana Strategic Growth Fund.
50 questions in stock -simple Q
Take the ID card directly to the securities company to open an account. It is best to use the money at hand to practice in 2000, and then realize it. I don’t understand, I am also a student at school
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