金融破段子 | 如果“社保基金”是公募，你买不买？

Core Viewpoint - The National Social Security Fund achieved an investment return rate of 8.1% in 2024, with total investment earnings of 218.418 billion RMB, which is competitive compared to many current financial products [2][3]. Investment Performance - The average annual investment return rate since the fund's establishment is 7.39%, indicating strong long-term performance [2][3]. - In 2024, the Shanghai Composite Index, CSI 300, and ChiNext Index had annual increases of 12.67%, 13.23%, and 14.68% respectively, suggesting that many A-share investors may have higher returns than the fund [2]. Historical Performance - The fund has shown resilience during market downturns, with only three years of negative returns in 24 years: 2008 (-6.79%), 2018 (-2.28%), and 2022 (-5.09%) [5]. - The fund's performance in bull markets has been modest, achieving over 10% returns only in four years since 2010, indicating a strategy focused on capital preservation rather than high-risk gains [5]. Compounding Effect - The compounding effect of the fund's average annual return of 7.39% means that an initial investment of 1 million RMB would grow to over 5.5 million RMB in 24 years [7]. - If this return is sustained, the same investment could exceed 11 million RMB in 34 years, highlighting the importance of time in investment growth [7]. Investor Behavior - The frequency of checking investment performance can negatively impact returns, as evidenced by research showing that less frequent monitoring leads to better outcomes [8][10]. - Investors are encouraged to adopt a long-term perspective and manage emotional responses to market fluctuations to enhance investment success [10].