「固收+」 在投资策略上，有哪些优势呢？｜投资小知识

Group 1 - The article discusses the strategy of "equity and fixed income" allocation, emphasizing the benefits of incorporating higher-risk assets like stocks and convertible bonds to enhance returns while managing risk [3] - It highlights the long-term higher returns of stocks compared to fixed income, which significantly improves the long-term returns of the "fixed income +" strategy [3] - The negative correlation between stocks and bonds helps to reduce overall volatility risk [3] Group 2 - The article explains the need for rebalancing in a portfolio where stocks and bonds are allocated at a fixed ratio, as market fluctuations can alter the original allocation [4] - An example is provided where an initial allocation of 40% in stock funds and 60% in bond funds may change due to differing performance, necessitating rebalancing to restore the original ratio [4] - A common rebalancing strategy based on market valuation is mentioned, which is inspired by Graham, Buffett's mentor [5] Group 3 - The rebalancing strategy involves taking profits from stocks when their proportion is high and reallocating to bonds, and conversely, selling bonds to buy stocks when the stock market is undervalued [6] - This approach not only reduces volatility risk but also facilitates a "buy low, sell high" mechanism, allowing for increased investment during market lows and securing profits during market highs [6] - The article cites examples like "Yuexinbao" and "365-day investment advisory portfolio" that effectively implement stock-bond allocation and rebalancing as part of the "fixed income +" investment strategy [6]