Here's the book.
- Low risk to high yield
- Large return on investment returns, is the biggest killer of long-term high compound yield
- To make money, not to lose.
- Choose a reasonable portfolio and a reasonable position
- The key to profitability is not what you buy, but how much you buy. This is the position management skills, in the certainty of profit, to dare to large positions, which is the key to low-risk high-yield
- It is only when the certainty of profit is high that a large position can be taken, and when the guarantee is guaranteed, it can be leveraged.
- Stock market Short-term is the capital of the voting device, and long-term business performance of the weighing device
- The long-term upward trend of stocks and corporate roe basically consistent
- For a low-risk investor, a single breed will never be filled
- When choosing an investment variety, it is usually not recommended to hold a highly correlated portfolio
- Choose the investment variety with the expected return rate as positive
- Stock warrant is a financial derivative. Buy a warrant to buy a stock at a certain price
- A bond is a repurchase of a certain size of bonds into the funds, and promised to buy back the securities in the future transaction behavior
- Defensive assets are usually guaranteed and well-flowing assets, such as cash, short-term high-rated corporate debt, bond funds, and debt-strong convertible bonds. The advantage of such assets is that when stocks fall or even collapse, they can be used to copy the bottom; the downside is that when the stock market rises sharply, it drags down the overall rate of return on capital.
- Balanced assets include convertible bonds with low premium, but strong debt, guaranteed equity in asset reorganization, and lower credit and high yield corporate debt.
- Offensive assets are usually non-guaranteed, or far from the guaranteed price of the investment variety. For example, closed-end funds, the price of more than 130 yuan convertible bonds, stock index futures, grading funds Class B and so on.
- For low-risk investors, as far as possible to choose the balance of assets as the main investment varieties
- ETF Redemption (t+0) is spread trading, arbitrage investors can buy ETF funds at a discount, and immediately redeem a basket of stocks in the level two market to sell, to earn spreads
- If there is loose money participate in the purchase of new shares, as far as possible, the most time the yield of new shares more than other types of cash management tools
- Convertible bonds is a bond that can be converted into a company's stock under certain conditions, has the dual attribute of creditor's rights and options, and its holder can choose to hold the bond maturity, obtain the fixed income of the company's debt and interest, or convert it into stock in the agreed time, enjoy the income of dividend distribution or capital increment.
- The premium rate is the ratio of the price of a convertible bond to a stock a that is overvalued when the investor converts it into equity a. The smaller the premium rate, the better the aggressiveness of convertible bonds.
- Closed-end fund, refers to the fund's sponsors in the establishment of the Fund, the total amount of the issuance of the Fund, after the total amount, the fund is declared and closed, and for a certain period of time no longer accept investors new investment, but also do not allow investors to withdraw funds
- OTC Open-end funds, which means that investors can only purchase or redeem funds through the fund's sales channels, and cannot trade through the stock market.
- Open-End fund arbitrage: As far as possible to participate in suspension stock arbitrage
- Find the open-ended fund that holds the suspension and pick out the fund with the highest net worth, so the calculated arbitrage proceeds are the biggest
- After the stop stock is re-set, redeem immediately, regardless of profit or loss
- A tiered fund is a fund variety that, under a portfolio, is divided into two-level (or multilevel) risk-earning performance based on the decomposition of the Fund's income or net assets, and gives different distributions of income according to the distribution of share types. The sum of the net value of each sub-fund of the Grading Fund and the percentage is equal to the net value of the parent fund
- The value of dividend rate to long-term investors under the same ROE, the higher the dividend rate, the higher the yield of low PB stock dividend
- For the same listed company listed in different markets, the Roe are the same, the lower the price of the market, the lower the net rate, when the dividend rate is higher, choose to buy appear in the discount market stocks, long-term holding will get a higher return on investment
- Paying attention to cost price is the biggest psychological misunderstanding of investors
- Rising stocks are likely to be undervalued stocks, and falling stocks are likely to be overvalued stocks
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