10年了！那些在5178点买基金的人，现在怎么样了？

Core Viewpoint - The article discusses the performance of the A-share market, highlighting the rise of new consumption trends and their potential to replace traditional consumption as the main investment theme for the next decade [2][17]. Market Performance - A-shares experienced fluctuations today, with the Shanghai Composite Index and the ChiNext Index closing in the green, maintaining above 3400 points [1][2]. - The total trading volume of the two markets reached 1.27 trillion yuan, with sectors like precious metals and blind box economy showing significant gains, while sectors like liquor and ports experienced corrections [4]. Historical Context - Ten years ago, the Shanghai Composite Index peaked at 5178 points, and those who invested in funds at that time have seen varying results, with some funds increasing over 200% since then [6][15]. - The market has undergone significant changes over the past decade, with the food and beverage sector showing a notable increase of 92%, while sectors like media and real estate lagged behind [10][11]. New Consumption Trends - New consumption is characterized by a shift from material to emotional value, driven by the consumption habits of Generation Z, which emphasizes value for money and quality [18][19]. - New consumption sectors, such as tea drinks and trendy toys, have seen an average revenue growth of 65% in 2024, significantly outpacing overall consumer growth rates [19][20]. Comparison of Consumption Sectors - The Hong Kong stock market shows a higher proportion of non-essential consumption, with 68.6% of its consumer sector being non-essential, compared to A-shares which are more focused on traditional necessities [23]. - The differentiation between new and old consumption reflects broader economic and technological changes, with a focus on understanding these dynamics to capture growth opportunities [24]. Investment Strategies - Long-term holding of quality funds, embracing high-dividend assets, and global diversification are suggested as key strategies for navigating market fluctuations [15]. - Caution is advised regarding new consumption stocks, emphasizing the importance of analyzing individual stock fundamentals and long-term trends rather than chasing short-term gains [25].