Easy-to-understand fund entry post _ 3

Article 4 dividend Marketing

Is there a large proportion of dividends?

Because open funds are used for a large proportion of dividends in the current market, we will first analyze them with open stock funds. After we entrust the money to fund companies for investment operations, fund companies have indeed achieved good profits through reasonable investment. We use the example at the very beginning to explain that you and I have invested a total of 100 yuan to Lu Jun, that is, they have bought 100 funds, now the net worth of each fund is 2 RMB, that is, our 100 funds are worth 200 RMB. So is the risk higher for this fund with a net worth of 2 yuan and the Fund with a net worth of 1 yuan when we first invested? In the past, was the one-dollar fund more likely to increase? Of course not!

The net worth of the Fund rose from 1 yuan to 2 yuan. Why? In this process, Lu Jun used his own analysis to buy and sell stocks and earned the price difference. The RMB 2 represents the actual value of the Fund. The principle is very simple, on this day, if Lu Jun sold all his shares and bonds and exchanged them back to cash, it would be 200 yuan. If he no longer buys any stock, he will put the cash in the bank. Do you think the net worth of this fund will fall? Even if the stock market falls by 2000 points, it will not fall. Therefore, the risk of a fund lies in the number of shares it holds, that is, the shareholding ratio we mentioned in the previous article, and whether the shares it holds have room for growth, it has nothing to do with its current net worth! Then you may say that the stock price of a fund with a net worth of 2 yuan must be high. Otherwise, it is wrong to increase its net worth to 2 yuan. Because its net worth only reflects the value of the stock in the Fund, and in the process of its net worth rising from 1 yuan to 2 yuan, tian knows how many times the fund manager has bought and sold shares. Today, the stock in the fund may be the new shares it purchased at the issue price yesterday. Therefore, when determining the risk level of a fund, we should be concerned with its shareholding ratio (that is, the position) and the potential of its shares.

Now let's take a look at what is going on with the dividend. First, the dividend will not increase our assets any more. The 100 RMB net worth of 2 yuan fund will be paid a 1 yuan dividend, our assets have changed to 100 RMB in cash + 100 RMB in net worth of 1 RMB, and our total assets are still 200 RMB. From our perspective, if we need money, we can choose to redeem the amount we need. If we determine that the next dashboard will call back or go down, we can consider redeeming all our funds, therefore, there is no bag-filling problem here;

From the perspective of a fund company, if the fund company thinks that the market will go down to a bear market, it is understandable to sell shares and then pay a large proportion of dividends to reduce risks. However, the strange phenomenon is that the story is not over after a fund company pays a large percentage of dividends. They then carry out large-scale marketing activities and use a large proportion of dividends as a means to attract new users to subscribe, the scale is multiplied. Assuming that the original fund size is 4 billion yuan, the first dividend is 2 billion yuan, and then the sale is 8 billion yuan through marketing, we can think about it, even if the remaining 2 billion yuan after the dividend is 2 billion yuan, all of them are stocks, currently, the stock proportion is only 20%, which does not comply with the 70% shareholding ratio stipulated in the fund contract. What should I do? According to the regulations, the company must reach the specified stock position within 10 days, that is to say, within 10 days, it must buy a 5 billion Yuan stock back. As a result, the stocks sold previously had to be bought at a high price! Who is the most happy at this time, those old funds that do not have a high proportion of dividends, because of the rise in the water, the stock price rose, their net worth naturally Rose, this is why

The stock market rose sharply in early last December and early January this year, because there were too many funds in the fourth quarter of last year that were being issued and on dividend marketing. The money they make must be invested at the specified time.

In the stock market, the stock price naturally rises all the way. When they build a warehouse, and the issuance of new funds is under control, there will be a recent drop in the stock price.

Article 5 fixed Fund Investment

there are a lot of posts about fund dingting in the Forum, and they also talk about the benefits of dingting. However, when I think I saw these similar posts when I didn't understand anything at the time, I think new users of investment funds will have a similar question: I don't feel the benefits of fixed investment! First, let's clarify the definition of a fixed investment: we invest a fixed amount in a fixed period (for example, one day per month, one month per month, it should be emphasized here that it is a fixed amount, not a fixed share. You can choose to invest 500 yuan or 1000 yuan per month, but you must not choose to buy a fixed fund of 1000 yuan, the final cast effect cannot be achieved. Well, after the definition is made clear, let's look at this example of a fixed investment. On the 6th day of each month, I invested a fixed investment of 1000 yuan for six consecutive months. During these 6 days of my fixed investment, the net worth of this fund is RMB 1.20, RMB 1.10, RMB 1.00, RMB 0.90, and RMB 1.00 respectively; the fund shares I bought are 833.3, 909.1, 1000, 1111.1, 1000, and 909.1, respectively. A total of 5762.6 shares are calculated based on the current net worth (1.10 yuan, 5762.6*1.10 = 6338.86 yuan. Compared with your investment of 6000 yuan, the profit is 338.86 yuan. But what if you buy 6000 yuan directly from the beginning? Only 5000 copies can be obtained. Currently, the value of 6 months is 5500 yuan, and the loss is-500 yuan! This computation is very simple, but for new users who have never been involved in the final investment, the question is: why must I invest 1.20 yuan at net worth, why can't I make more money if I don't buy it for 0.90 yuan? But when we prepare to invest, can someone tell us how much the price of this fund will be tomorrow? No one. Buffett's famous saying : never predict the stock market! As far as this year's Chinese stock market is concerned, the shock is almost inevitable. No one knows whether the index of the next month is higher or lower than it is now, regular investment in this environment should show its charm!

So what kind of fund is suitable for regular investment? Funds with high price fluctuations. This is because we chose regular pricing because fixed pricing helps us avoid risks in the course of price fluctuations. When the price increases, risks increase accordingly and we invest the same amount of money, the purchase share is relatively reduced; when the price is reduced, the risk is correspondingly reduced, and the share of the same amount of money is increased. Simply put, we buy more when the price is low, when the price is high, the risk is naturally reduced. As retail investors, we always want to buy at the lowest price and sell at the highest price. However, the chance of successful band operations is similar to that of coin-throwing, however, regular investment can help us find the average cost of the purchase price. The longer we set the investment time, the closer our purchase price will be to the average market price. So if we are optimistic about the market trend for a long time, but it is difficult to grasp the admission opportunity, regular investment should be the best choice. At present, the stock fund is definitely the biggest fluctuation in the fund products, and among the stock funds, the biggest fluctuation in the index fund, which is why the following popular sentence: select an index fund and let it grow older with you :) why? From a global perspective, with the continuous development of the economy, the overall market trend is always upward. Even in the past 80 years, the U.S. stock market has experienced several large-scale stock market disasters, but we are still creating new heights. So in such a long-term upward trend, when will it be better to set a vote? The answer is now! However, it should be noted that the current Chinese market is not basically as effective as the U.S. market, so many stock funds (active) can achieve performance beyond the index fund, therefore, you do not have to choose an index fund if you make a regular investment. You can select an excellent stock fund for regular investment.

The last few points that need to be reminded are: regular investment is a long-term process and you must stick to it. In the future, if the stock market falls sharply, you should insist on regular investment, in this way, more fund shares will be obtained, and the biggest return will be given after the stock market rises. In addition, it is best to change the dividend method into dividend-based re-investment, so as to obtain compound profits in this long-term investment process. In fact, in foreign countries, many families make fund-based investment, which is not only a good habit of saving, but also up to 20 ~ 30 years of regular investment can save a fortune for your children's education or elder care.

Article 6 Index Fund

Index Fund

Because laterArticleAnd then I will introduce the stock fund categories. I mentioned that stock funds can be divided into open and closed types by contract type. according to the proportion of the shares they invest in, it is usually divided into aggressive, mixed, and conservative configurations. The classification of this part is not critical, and the classification of different fund research institutions is not the same, the key is to determine its risk type by analyzing its shareholding ratio and shareholding type. Finally, we can divide them into active stock investment and passive investment funds based on their investment methods. The first two classification methods have been introduced before. Now we will focus on the third classification method:

Active investment funds are actually the stock funds we often contact and hear about, such as guangfa fortune, jingshun domestic demand, and Castrol. They all have their own investment strategies and styles, different fund managers of different fund companies will select shares and invest according to their research reports. Such funds that determine whether to invest are determined by actively analyzing market fundamentals and stock quality are called active investment funds;

According to a survey by a fund authority in the United States, only 31% of U.S. funds have won the market in the past five years, and only 18% have won the market in the past 10 years, in the past 25 years, 41% have won the market, and U.S. funds have won only about 1/3 in the past 35 years. It should be pointed out that the above data is based on the common funds that have survived for at least 35 years. They are called "Survivors" and "leaders" among their peers ", in addition, many funds were eliminated in the competition and failed to participate in computing.

From the above statistical analysis, we can see that only about 30% of fund management companies known as securities market experts can beat the index within a relatively short period of time. As a general investor in the securities market, there is nothing strange about the phenomenon of "Ten-person stock trading, one earning, two earning, and seven losing people.

For this reason, in the 1970s s, the first passive investment fund Index Fund appeared in the U.S. stock exchange market, that is, the index fund. Before the establishment of the index fund, it will first inform investors of the index it intends to follow. For example, the SSE 50 index is composed of 50 most representative stocks in the Shanghai stock market with a large scale and good liquidity. The SSE 50 Index Fund tries its best to track this index, how to trace it? The ratio of the market value of the 50 stocks is used to buy the stocks. In the end, the effect of the rise and fall of the 50 stocks on the net worth of the fund is consistent with that on the index. Assuming that the stock increase of Baosteel (600019) will cause the 50 Index to rise by 2%, the net worth of the Fund should also be increased by 1% theoretically, that is to say, the fluctuation of the net worth of the fund completely copies the SSE 50 Index. This is the index fund. Its goal is to achieve the average rate of return on the market, so as to avoid the embarrassment of "earning an index and losing money". From this example, we can find that, index funds do not rely on fund managers to conduct market analysis and research, but passively replicate index changes. Therefore, they do not need to buy or sell stocks frequently, reducing transaction costs, that's why index funds are also called passive investment funds.

At present, several popular indexes in the domestic securities market are Shanghai Stock Exchange 50, Shanghai Stock Exchange 180, Shenzhen 100, and Shanghai Stock Exchange 300. There are also a total of more than 10 index funds, each index has its own characteristics. You can select an appropriate index fund based on your own risk preferences. However, because the stock position of the Index Fund is very high, it is about 90% or more, so the fluctuation in the net value is as intense as that of the index. Before you invest in the index, you 'd better determine your risk tolerance capability first, this is also the reason why we recommend regular investment for the index fund.

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