市场走强，新基民入场的6条小建议

Core Viewpoint - The article emphasizes the importance of a rational and informed approach to investing in mutual funds, particularly for new investors who may lack experience and understanding of the market dynamics [2][3]. Group 1: Market Trends and Investor Behavior - In July 2023, A-shares saw 1.9636 million new accounts opened, marking a nearly 20% increase from June and over 70% year-on-year growth [2]. - New investors often rush into the market without adequate knowledge, leading to irrational investment decisions and potential pitfalls like "chasing highs and cutting losses" [2]. Group 2: Investment Approach - Investing in equity funds involves a long-term perspective, as returns are realized through the performance of underlying companies over time, rather than immediate gains [6][28]. - The notion of "trying out" funds, akin to purchasing consumer goods, is misleading; the complexities of fund performance and long-term returns do not align with this approach [9][11]. Group 3: Understanding Fund Performance - Different investors may acquire varying amounts of fund shares at different times, leading to diverse outcomes in returns, which diminishes the relevance of isolated performance data [11][12]. - Popular funds often gain attention due to past performance, but by the time they are recommended, the optimal investment opportunity may have already passed [12]. Group 4: Seriousness of Investment - The investment process should be treated with seriousness and professionalism, avoiding the entertainment-driven culture that can distract from sound investment principles [17][19]. - Trust in fund managers should be based on their investment style, past performance, and methodologies rather than celebrity-like status [17][19]. Group 5: Setting Investment Goals - Investors should clarify their reasons for choosing a particular fund and ensure alignment with their investment goals and risk tolerance [20][22]. - Understanding the logic behind potential earnings is crucial; relying on luck can lead to significant losses [25]. Group 6: Financial Planning and Risk Assessment - Before investing, individuals should assess their financial situation to ensure that funds allocated for investment will not be needed for short-term expenses [31][33]. - Investment in equities should be limited to amounts that one can afford to lose without impacting daily life, highlighting the importance of risk tolerance [33]. Group 7: Realistic Return Expectations - Historical data shows that U.S. equity assets have an annualized return of approximately 6.7%, while top investors like Warren Buffett achieve around 20% [34][37]. - The average annualized return for the CSI Fund Index in China from 2003 to 2024 is about 10.08%, indicating that many investors have unrealistic return expectations compared to historical performance [35][37]. Group 8: Impact of Expectations on Investment Decisions - Unrealistic expectations can lead to emotional distress and irrational behavior, negatively affecting investment outcomes [39][41].