Workflow
每日钉一下(如果没到高估,基金还有收益么?)
银行螺丝钉·2025-09-20 13:47

Group 1 - The article discusses the investment strategies for index funds and highlights a free course available for learning these techniques [2] - It mentions that many investors start their investment journey with index funds and emphasizes the importance of understanding how to invest effectively to achieve good returns [2] Group 2 - Since early 2025, there has been a rapid rotation in market styles, with several categories reaching high valuations, including bank indices, Hong Kong pharmaceutical indices, military, Sci-Tech 50, chips, and North China Securities 50 [7] - Some other categories are close to high valuations, such as small-cap indices and securities insurance, which are highly correlated with bull markets [7] - As of early September, not many categories have entered high valuation territory [8] Group 3 - The net value of a fund is determined by valuation, earnings, and dividends, with valuation increase being just one source of returns [10] - The core source of long-term returns comes from the earnings growth of listed companies [10] Group 4 - Historical data shows that during bear markets, the lowest points of the Shanghai and Shenzhen 300 index have increased significantly over the years, indicating that point increases do not rely on high valuations [11][12] - The lowest points recorded during bear markets were 807 in 2005, 1606 in 2008, 2023 in 2013, 2964 in 2018, and 3108 in 2024 [13]