文 | 银行螺丝钉 （转载请注明出处） 月薪宝组合，采取了 股债均衡的投资策略。 底层投资的是，40%的股票基金和60%的债券基金。 如果遇到股票市场短期上涨或下跌，股债比例发生较大变化时，会触发再平衡机制，重新恢复股债40:60比例。 可以起到「低买高卖」的效果。 适合希望比较稳健地参与市场的朋友。 波动风险降低后，持有时也更容易长期坚持下来。 不同股债比例下，投资的收益和风险，此前也做过回测，数据见下图，供大家参考。 （1）3年以上不用的存量资金，想要做好股债的均衡配置； （2）新增资金中，3年以上不用的部分，希望比较稳健地参与到股票市场； （3）有定期现金流需求，希望通过投资，每月或每周获取 长期 相对稳定的现金流。 另外，月薪宝组合 还有可灵活开关的「定期现金流」功能，可以满足大家在养老、教育等场景下的现金流需求。 什么资金适合买入月薪宝组合？ 如果有： 那么，在4-5星级市场便宜阶段，可以考虑投入到月薪宝投顾组合。后续可以长期持有，整体收益比较稳健；也可以打开现金流开关，获取定期 现金流。 组合投资策略解析 ▼ 策略特点1： 采用 股债均衡策略，比较稳健 月薪宝组合，底层的股债比例保持在40:60上 ...

这里有一门限时免费的福利课程，能帮助你搞清楚这些问题。 想要获取这门课程，可以扫下方二维码添加 @课程小助手 ，回复「 基金定投 」领取哦～ 更有课程笔记、思维导图，帮您快速搞懂课程脉络，学习更高效。 ◆◆◆ #螺丝钉小知识 文 | 银行螺丝钉 （转载请注明出处） 基金定投是非常适合懒人的投资方式，但是如何才能聪明地做好基金定投？ 定投前要准备什么？如何制定好定投计划？ 4种定投方法，哪个更适合你？如何止盈？ 由于低成本等优势,指数基金快速崛起,会 逐渐成为市场主流。 不过，可以肯定的是，长期来看，精选一些 长期坚持自己投资理念和风格的优秀主动基 金经理,并且选择规模合适（通常为几亿到 几十亿）的基金，可以带来相对指数的超额 收益。 参考美股，在指数基金快速崛起的过程中， 主动基金并没有消失。也涌现出类似富达（ 彼得·林奇工作室所在的基金公司）、桥水 等擅长主动管理的基金公司。 不过，需要注意的是，一个长期有效的策略 并不总是一直有效的。 「精选优秀基金经理」这个策略长期有效, 并不代表优秀的主动基金会一直跑赢指数, 而是会阶段性地跑赢跑输。 就好像一个长期表现不错的球员，也会有阶 段性表现不佳的时候。 wn ...

Core Viewpoint - The overall market has shown an upward trend, with significant gains in both the A-share and Hong Kong markets, indicating a positive sentiment towards technology and value stocks [1][12][7]. Group 1: Market Performance - The overall market index has risen to 4.2 stars, reflecting a positive market sentiment [1]. - Both large, mid, and small-cap stocks have experienced similar upward movements [2]. - The ChiNext index has also seen a substantial increase, currently at a normal to slightly high valuation level [4]. - The technology sector has been a primary driver of profit growth in both A-shares and Hong Kong stocks this year [7]. Group 2: Earnings and Valuation - Leading companies in the ChiNext have reported good earnings growth, which is essential for the long-term rise of the index [3][5]. - Different sectors are recovering at varying paces, with value stocks showing less volatility compared to growth stocks [6][9]. - Recently, previously undervalued dividend stocks are approaching their normal valuation levels [10]. - The estimated valuation metrics suggest that as the market approaches around 3 stars, the green rate in the valuation table will be low [11]. Group 3: Investment Strategies - The investment strategy includes pausing regular investments in the index-enhanced portfolio as it returns to normal valuation, while continuing to hold existing positions [14]. - The active selection portfolio is also close to normal valuation, indicating a cautious approach to new investments [14]. - The "monthly salary treasure" investment strategy, which consists of 40% stocks and 60% bonds, is recommended for stable market participation [14]. - The introduction of an "automatic stop-loss" feature for investment portfolios aims to enhance risk management by automatically executing profit-taking strategies when market conditions are favorable [43].

Core Viewpoint - The article presents a comprehensive index map for investors, detailing various stock indices, their codes, selection rules, industry distribution, and average and median market capitalizations of constituent stocks, which will be regularly updated for easy reference [1][2]. Group 1: Types of Indices - The index map includes several categories of stock indices: broad-based indices, strategy indices, industry indices, thematic indices, and overseas indices [4][5]. Group 2: Broad-based Indices - Important broad-based indices in the A-share market include the CSI series such as the CSI 300, CSI 500, CSI 800, and the CSI All Share, which are selected based on the market capitalization of listed companies and cover a wide range of industries [9]. Group 3: Strategy Indices - Common strategy indices in the A-share market include: - CSI 300: Represents large-cap stocks - CSI 500: Represents mid-cap stocks - CSI 1000: Represents small-cap stocks - CSI 2000: Represents micro-cap stocks [11]. - Strategy indices enhance investment options and cater to diverse investor needs [13]. Group 4: Dividend and Value Indices - Dividend indices select stocks with high dividend yields, while value indices focus on stocks with low price-to-earnings and price-to-book ratios, as well as high dividend yields [12]. - Low volatility indices target stocks with lower price volatility, and fundamental indices select stocks based on revenue, cash flow, net assets, and dividend size [12][13].

Market Overview - The overall market has seen an increase, currently rated at 4.3 stars [1] - Small and mid-cap stocks have experienced a slightly higher increase compared to large caps [2] - Value style has seen a slight increase, while growth style has increased more significantly [3] - The ChiNext index has risen nearly 2%, and the higher-valued Sci-Tech board has seen a minor increase [4] - Hong Kong stocks exhibit greater elasticity compared to A-shares [5] - Following a period of decline, Hong Kong stocks have rebounded significantly today, with the Hang Seng Index rising over 2% and the Hang Seng Tech Index increasing by 3% [6][7] Earnings Reports - Recent quarterly reports from listed companies have continued the profit growth trend observed in Q2 [8] - A comprehensive analysis of the Q3 earnings growth for major A-share and Hong Kong indices will be shared after the end of the month [9] Market Volatility - In a bull market, fluctuations are normal, as evidenced by past bull markets in 2007 and 2015, which experienced several corrections of several percentage points [10] - Since last year, the CSI All Share Index has increased by nearly 60% [11] - The significant gains occurred during two specific periods: the last two weeks of September last year and the third quarter of this year, accounting for about 7% of the time [13] - Other periods have been characterized by sideways movements or corrections [14] - For instance, A-shares experienced a 15.1% correction in early October 2024, followed by various corrections in subsequent months [15][16][17][18] Long-term Trends - The Hang Seng Index has increased by 74% since last year, with notable gains following the Spring Festival and during the last two weeks of September [20][21] - The volatility of Hong Kong stocks is greater than that of A-shares, with significant corrections recorded [23][24] - The data indicates that while corrections vary in magnitude and duration, they ultimately lead to recovery and higher peaks, reinforcing the notion of long-term index growth [26][27] Investment Strategy - The focus should not be on predicting the magnitude of each correction but rather on identifying low valuations and high earnings growth rates, which increase the likelihood of significant market movements [32] - Investors are encouraged to maintain a long-term perspective, focusing on good valuations and strong earnings growth, as short-term fluctuations are often noise that does not impact long-term returns [34][35] - A calm mindset is essential for investors, emphasizing the importance of looking beyond short-term market fluctuations [36]

有朋友问，关税危机再次袭来，是 "真落地" 还是 "雷声大"？ 和4月份那次有啥区别，哪类品种受影响较大？ 我们该如何应对短期波动，把握机会？ 针对大家的这些疑问，螺丝钉也通过直播课，进行了讲解。 长按识别下面二维码，添加 @课程小助手 微信，回复「 1014 」即可观看直播回放。 （提示：回复后可以耐心等待几秒哦～） 高关税更多是谈判工具，难以长期落地 10月初，特朗普宣布要在11月1日，视后续行动变化，对中国加征100%的关税。 受此消息影响，全球股市也出现较大波动。 那关税危机再起，对我们投资有什么影响呢？ 其实关税危机，现阶段雷声大，雨点小，主要是短期情绪影响。 在美元利率降低到2%-3%之前，「提高关税」更多的是个谈判工具，而非最终的目的。 文 | 银行螺丝钉 （转载请注明出处） 参考历史，这几年真正落地的高关税并不多 如下图所示，记录了历次中美关税的演变发展。 可以看到，尽管 这几年来回扯皮，但真正落地的高关税并不多。 | 表 1:中美关税的演变发展 | | | | | | --- | --- | --- | --- | --- | | 日期 | 美方操作 | 中方网址 2025年2月4日宣布,自 ...

Group 1 - The article emphasizes that different regional stock markets do not move in unison, allowing investors to seize more investment opportunities by understanding multiple markets [2] - Global investment can significantly reduce volatility risk, highlighting the benefits of diversifying investments across different markets [2] - A free course is offered to educate investors on how to invest in global stock markets through index funds, aiming to share the long-term gains of global markets [2][3] Group 2 - The article introduces four fundamental principles of value investing that can help individual investors apply investment strategies effectively [4][5] - The first principle states that buying stocks equates to buying companies, necessitating an understanding of the company's operations and profitability, which ultimately influences stock prices [6] - The second principle emphasizes the importance of having a margin of safety, which means purchasing undervalued assets to avoid overpaying [7]

文 | 银行螺丝钉 （转载请注明出处） 螺丝钉也做了美股、全球股票指数、美债指数的估值表。见文章下面图片。每周日会在公众号、以及「 今天几星 」小程序，每周定期更新。 1. 本周全球股票市场波动不大。 周五晚上的时候，特朗普对关税表示可谈；美联储继续降息概率提升。 周五全球市场略有反弹。 之前咱们也提到过，对美元来说，关税是一把双刃剑。 在美元利率降低到2-3%之前，「提高关税」更多的是一个谈判工具，而非最终的目的。 受此消息影响，周五晚上全球主要的指数回暖了一些。 周五晚上A股港股已经收盘。海外的港股恒生指数期货反弹了约2%。 不过特的言论无法提前预测，最近市场还会有一些波动。 2. 全球股票市场出现波动，另外两类资产，最近则表现强势。 一类是黄金。 咱们在2015-2016年黄金5点几星，以及2022年黄金4点几星的时候，也介绍过黄金的投资。 不过从2022年之后黄金上涨了不少，目前也不太便宜了。 另一类是美元债。美股和美债之间也有一些负相关性。 美元债的估值还相对较低。 10月份关税危机以来，美元债指数整体上涨。 最近一年美元债基金的收益，比同期限的人民币债券基金的收益高一些，算是表现不错的年份了。 当 ...

文 | 银行螺丝钉 （转载请注明出处） 基金投顾，顾名思义，就是基金的投资顾问。 很多行业都有顾问，特别是一些专业性很强的行业。 基金投顾的诞生，正是为了解决基金行业存在的"基金赚钱，基民不赚钱"的问题。 那么，基金投顾有哪些优势？ 是如何通过"投"和"顾"，帮助投资者获得好收益的呢？ 这里有一门限时免费的福利课程，介绍了基金投顾的方方面面。 想要获取这个课程，可以添加下方「课程小助手」，回复「 基金投顾 」领取哦～ 更有课程笔记、思维导图，帮您快速搞懂课程脉络，学习更高效。 例如， 基金投资也是如此。 对普通投资者来说,开始做全球投资，从指 数基金入手会更容易。 这是因为： (1) 选主动基金，需要选基金经理。 对投资者来说，接触海外基金经理的信息会 更少，比较难筛选。 (2) 有一些基金经理,长期收益很好。但 基金经理仍然会有退休、离职等情况。 • 看病吃药，需要医生，医生就是顾问； • 有法律问题，需要律师，律师也是顾问。 美食费顾景什么? f 11 4 1 12 更有课程笔记、思维导图,帮你快速了解 ring #螺丝钉小知识 我行螺丝军 做全球投资,为什么从指数基金入手 会更容易? 全球投资，不仅可以 ...

文 | 银行螺丝钉 （转载请注明出处） \ I / M 山 土 列 / 这段时间支出包括日常生活、上学教育等, 主要由父母补贴。 中间可能通过打工、兼职等方式,获得一些 收入，但整体上支出更多。 (2) 25岁之后，工作逐渐稳定，收入提升 25-60岁，对大多数人来说，是工作时间。 随着工作经验的积累，我们的收入开始呈现 上升的趋势。 大多数家庭，收入的巅峰，出现在45岁到退 休之前。越是临近退休，收入增长速度也会 放缓。 但是支出的总金额也在逐渐增加。除了日常 生活开销,还包括买车买房、结婚生育、养 儿育女、赡养老人等支出。 这个阶段，如果收入比支出增长更快，就会 形成储蓄。 从收入中攒下多少比例，这个叫储蓄率。对 大多数家庭来说，储蓄率达到20%就是不错 的水平。 (3) 60岁退休之后收入大概率会出现下降 退休后，养老金就变成主要收入了。 相对于工资收入，大部分人的退休后收入是 有所下降的。不过支出上也会减少一些。毕 竟此时儿女也成家了。 不过从具体支出项目上看，花费在医疗方向 的钱会大幅增加。 越是年纪大，越容易遇到重大疾病。一生中 80%以上的医疗支出，是出现在退休之后的 这段时间里。 这就是人一生 ...