so tangled!When the Fund I went back to the back, I encountered adjustments. Do you want to sell it?Soul torture: Buying a fund, the purpose is to return to the book?

In the generation of Z, Brother Z is the most realistic.

The weekend is when thinking in depth.

Recently, many readers asked Brother Z in the background. The funds that were difficult to hold back were returned. As a result, the net value of the fund began to adjust again. At this time, do you need to sell or redemption? I am afraid that I will be packed again, but I am afraid of the market behind the air, so entanglement!

Photo source: Photo Network-500560291

This is indeed a more complicated problem in the actual operation. When you set it, everyone can hold it. As long as you hold it, you will return to the book sooner or later. When you stay away from the cost area, you can also hold it, let the profit run, and hold the most comfortable.

The hardest thing is now that after half a year, many products have been difficult to return. As a result, they encounter market shocks and fund adjustments. Is it sold or not sold?

How do I choose to be empty again, how should I choose?

In fact, it has reacted in the market.

Let's talk about the index first. On Tuesday, the Shanghai index rebounded to 3424.84 points, and then the adjustment began to appear. By Friday, the index fell to 3356 points, and once again stayed away from the 3400 -point integer level.

It should be noted here that the short -term high point of 3424 points is actually very close to the Shanghai Index annual line (3435 points).

In terms of news, there are many reasons for market adjustment, such as the plunge in international oil prices, the epidemic situation has repeatedly appeared, and the former Prime Minister Shinzo Abe's assassination, etc., has adversely affected the market.

Technically, the pressure brought by the annual line is also obvious. The Shanghai Index annual line can also be understood as the average cost of the entire market in the past year. If you can stand on the annual line, then it is the average cost line that has been on the past year, and most people will start making money.

As a result, at this point of this festival, the market has been adjusted, and maybe it has a lot to do with everyone's shareholding mentality. Finally, it is back to the book.

Therefore, at this time, many fund investors began to consider redemption, and the Eyejun (Eye Eye: NJCJNEWS) felt that it was normal. If more and more foundation people choose the redemption fund and the fund has a net redemption, then it means that the fund manager needs to sell stocks to cope with it, then the stock market adjustment is inevitable.

Whether it is redemption or continuing to hold, it is the choice of different investors. At this time, if you choose a redemption fund, the consequences that may bring is the empty market.

To explain this conclusion, the China -EU Fund recently published an article to discuss this issue. The China -EU Fund believes that when the fund is sold immediately, it is necessary to prepare for the follow -up.

According to the historical data of Guosheng Securities Research, a large -scale redemption occurred in the process of rising in the process of rising. During the market rising, partial stock hybrid funds have been redeemed, such as January-April 2019, May to July 2020. However, in combination with the subsequent market performance, it can be seen that after the redemption operation of the above two time periods, the CSI 300 Index still maintained rising, indicating that investors who redeemed at that time missed the rising market rising market.

Of course, historical data counts what happened in the past. This time, the fund finally returned to the fund. Who can accurately judge whether the future market goes up or down?

After thinking about these three questions, make a decision

Therefore, at the moment, we still have to make a choice. Although history will not be simply repeated, when we want to make a choice, we can still ask ourselves the following three questions.

First, do we have an urgent use of the money of the fund?

The so -called urgent use, for example, if you want to buy a house to pay the down payment, you have to change the new car immediately, or the child is going to university immediately, or you need a lot of additional overhead because of the treatment?

If you do need it, then the redemption should be redeemed. If there is no additional overhead, then there is no need to choose to redeem now.

Second, if you redeem it, can you find a better investment target?

If we have no additional expenses and find better investment targets, then there is no problem with redemption. For example, in the first half of this year, the market fluctuated very violently. After this round of decline, investors find that their risk tolerance cannot adapt to the current market environment, then he can consider investing in some products with small fluctuations and relatively low income expectations, such as bond funds or currency funds Solid -income product, this is also possible.

However, if there are no other better investment targets, then consider continuing to hold the funds on your hand. Because, since the first half of this year, it is only a few products that can really allow you to return to the book, or to achieve positive returns. If your product is returned, or the right is positive, it means that the fund itself is good and better than most products, so why not continue to hold?

Third, whether the fund you hold has undergone essential changes.

For example, did the fund manager replace some fund managers with a relatively shallow experience and less practical experience? Or does the fund manager become the investment style drift, and does the investment direction change? If so, you can also consider redemption. Of course, after these funds are published in the second quarter report, it will be more obvious.

The last thing I want to say is that when we buy a fund, is it the purpose to return to the book? Obviously not, if we buy the products, the fund manager itself is excellent enough, and after the experience of a large retracement, we can recover in a short period of time. Such funds, in an extreme market environment, can rebound faster, indicate that its fund manager's stock selection ability may be better. Excellent stocks are expected to resist the black swan incident and keep up with the rate of warming the market.

Then, such fund managers, they have the ability to choose positions at the same time. When the market improves, they rely on the position of positions to reduce positions in advance when the market fell, and increased positions in advance when the market rebounded to pursue the elastic space for improving net worth repair.

Well, summarize, the fund is back to the book, whether the redemption or not depends on our subjective judgment, whether it is necessary to use money, whether there are new and better investment targets, and also depend on objective factors, such as the fund itself itself What is the texture, whether the fund manager is excellent enough.

People look at the market in the second half of the year: not pessimistic

In addition, there is another point, which is also very important, that is, there must be a rough understanding of the trend of the next stage of the market. After the bottom of this year, what will happen to the market? This is certainly critical.

Recently, Du Changyong, the founding partner of Ruijun Assets, shared on the current market stage and the main contradictions of the market and the main contradictions in the market.

Du Changyong was one of the early iron triangles of Xingquan Fund. It was the first fund manager of the domestic convertible bond fund. In 2015, Ruijun Assets was founded for nearly 30 years.

Du Changyong said that after the market rises sharply, we feel that at this stage, whether the market can continue in the short term, we may need to see the relevant policies later and keep observation at any time. We did not say that we were optimistic, and there was a big reversal immediately, but it was not pessimistic, because the market valuation was still in an acceptable range, and the overall stimulus policy would inevitably come.

Regarding some of the current popular tracks, Du Changyong believes that its popularity far exceeds expectations. Therefore, in general, I think that at this market stage, we may still adhere to our past judgment. In the second half of the bull market, fluctuations will be larger than in the past.

The market is not pessimistic in this position, but it will be repeated and fluctuating in the future, which is basically in such a stage.

In addition, many securities firms have recently released their views on the market in the second half of the year, and it is also summarized and shared here.

CITIC Securities said that the total policy will continue to make efforts in the second half of the year, and the accumulated policies that have accumulated in the early stage will begin to take effect in June. The monetary policy "mainly me" is still loose. It is expected that the LPR1 annual downgrade will be reduced by 0 ~ 5bps in the third quarter, and 5 ~ 10bps will be reduced in 5 years. In the fourth quarter, the LPR may continue to be lowered according to domestic inflation and economic situation. In terms of finance, it is expected that the special debt quota will be more active in the second half of the year. The expansion of the special debt, the new issuance of special government bonds, and other tools covering the deficit gap may become potential. Structural policies are expected to accelerate, each with highlights. Next, the market entered the valuation switching stage, and the achievement of stable growth performance and the "new specialty new" gradually dominated.

According to CITIC Construction Investment, in the mid -term, A shares will be like the market in the second half of 2012 to the first half of 2014: the total growth rate is weak, the liquidity is abundant and continuously improved, the growth style is dominant, and the style of the small and medium -sized disk is dominant. The strongest main line of the market will be the direction of continuous growth in the small and medium -sized disk- "Small Small Small Display".

CICC believes that overseas transitions from transaction from transactions to "how to get out of stagflation" in transactions, and China strives to "steadily grow" in the prevention and control of the epidemic. The current valuation of the Chinese stock market is at a low level of historical interval and has the mid -line value. In the second half of the year, the inner and outer environment of the market may still face certain challenges, and more active catalyst support is required. It is recommended that investors first seek "stability", and then wait for the opportunity to "enter." CICC expects that with the gradual effect of the negative impact of the epidemic and the gradual effectiveness of the growth, the overall profit of A shares is expected to rise quarter -on -quarter. In 2022, A -share profit may achieve a slightly increasing growth of about 2.3%.

Xingye Securities said that after the plunge since the beginning of the year, the market has been in the medium and long -term bottom area. However, some investors still have no time to have been in the past few rounds in terms of time and decline based on this round of decline, which is worried that the adjustment is not in place. However, the agency believes that A shares have been changed by institutionalized forces. Standing at the current point, the market should bid farewell to the bear market thinking for long -term layout.

Xingye Securities said that since the beginning of this year, the agency has summarized the three sections of new energy, semiconductors, and military industry as the "new semi -army". After the systematic adjustment since the beginning of the year, the "New Half Army" in the second half of the year is expected to become a breakout direction and lead the market to "win in chaos."

(Risk reminder: Equity funds are high -risk varieties, and investment needs to be cautious. This information does not serve as any legal documents. All information or opinions in the information do not constitute the final operation suggestions of investment, law, accounting or taxation. The content in the middle of the operation is made of any guarantee. In any case, I am not responsible for any loss caused by any of the content caused by any content in this information. China's fund operation time is short, which cannot reflect the development of the stock market development. All stages. The performance of fixed investment past does not represent future performance. Investors should fully understand the difference between the fund's regular quota investment and zero deposit and other savings methods. Period quota investment is a simple and easy to guide investors to make long -term investment and average investment costs. The investment method of the bank. But regular fixed investment cannot avoid the risks inherent in the fund investment, cannot guarantee investors to obtain benefits, nor is it an equivalent financial management method for savings. Fund legal documents such as contracts, recruitment instructions, etc., comprehensively understand the fund's risk income characteristics and product characteristics, and fully consider your own risk tolerance. On the basis of understanding the product or service situation and listening to the appropriate opinions, it rationally judge the market. Carefully make investment decisions based on factors such as their own investment goals, deadlines, investment experience, and asset status, and independently bear investment risks. The market has risks and needs to be cautious. The fund manager reminds investors 'fund investment in the principle of "buyers' self -corruption" principle. After investors make investment decisions, the investment risks caused by the fund operation status, the price fluctuation of the fund shares, and the changes in the net value of the fund shall be responsible for itself.)

Daily Economic News

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