施罗德投资：面对市场动荡应坚守投资计划 留意当中所蕴藏的投资机遇

Core Insights - The article emphasizes the importance of maintaining objectivity and discipline in investment strategies during periods of market volatility, highlighting that emotional reactions can lead to poor decision-making [1] - Historical data shows that stock markets experience significant fluctuations, with a 20% drop occurring approximately every four years, and a 10% drop almost annually, which investors often overlook [3][4] - Long-term investments in stocks have a higher probability of outpacing inflation compared to cash, with success rates increasing significantly with longer holding periods [4] Market Performance - Over the past five years, global stock markets have doubled in value, while cash holdings have only returned 14%, illustrating the superior performance of equities [2] - The MSCI World Index data indicates that in the 53 years leading up to 2025, 30 years recorded drops of over 10%, and 13 years saw declines of 20% or more [3] Investment Strategy - The article discusses a "rotation strategy" based on the VIX index, which suggests that selling stocks during high volatility (VIX above 33) leads to lower returns compared to a long-term holding strategy [5] - Historical analysis indicates that those who react impulsively to market risks often miss out on potential returns, reinforcing the need for a disciplined investment approach [5]