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权益类基金投资,应对市场波动的6条原则
Sou Hu Cai Jing·2025-06-19 08:21

Group 1 - Market fluctuations are an inherent part of equity investments, with historical data showing that the S&P 500 index has experienced approximately one 10% market correction each year from 1977 to 2016, yet it has provided positive returns 75% of the time during that period [2][4] - The Chinese market, represented by the CSI 300 index, exhibits a similar trend where significant market corrections often present new investment opportunities despite annual fluctuations [4] Group 2 - Predicting market movements is deemed impractical due to the complex and chaotic nature of capital markets, making it essential to maintain a healthy skepticism towards consensus predictions while being open to well-founded non-consensus forecasts [6] - Emotional responses to market events can lead to irrational investment decisions, as evidenced by research indicating that investors tend to become increasingly pessimistic about losing stocks and overly optimistic about winning stocks [7][8] Group 3 - Establishing a simple and executable investment plan, such as dollar-cost averaging, can help mitigate the impact of market volatility and emotional decision-making [10] - Diversifying asset allocation is recommended to reduce risk, with research indicating that asset allocation contributes 88% to the returns of diversified portfolios, while stock selection and timing account for only 12% [11][13] Group 4 - Long-term investment perspectives are crucial, as historical data shows that the S&P 500 index has achieved an average annual return of 10.43% over 10-year periods from 1937 to 2018, despite economic downturns and wars [14] - The CSI Fund Index has demonstrated a total return exceeding five times from 2003 to mid-2019, with annualized returns of 12% for mixed funds and 12.86% for equity funds, indicating strong long-term performance in the Chinese market [14][18]