Market Overview - The market experienced a slight decline at the opening but rebounded by the close, with large, medium, and small-cap stocks all rising, maintaining a high rating of 5 stars, close to 4.9 stars [1] - Both growth and value styles saw increases, indicating a positive sentiment across different investment strategies [3] - Technology and healthcare sectors led the gains in the market, showcasing strong performance in these industries [4] Hong Kong Market - The Hong Kong stock market also showed overall gains, with dividend and technology stocks leading the charge [5][6] - The Hong Kong dividend index has been performing robustly, supported by a noticeable decrease in the Hong Kong dollar interest rates, which benefits high dividend yield stocks [7] Investment Strategies - The article discusses a systematic investment plan using a "regular but variable" strategy, where more is invested when valuations are lower [11] - Two methods for following investment strategies are outlined: manual tracking and automatic tracking, allowing investors to choose based on their preferences [12][13] Fund Performance - Specific fund performance metrics are provided, including the current prices of various indices such as 中证A500 at 134 yuan and 中证红利 at 125 yuan [15] - A valuation table is presented, detailing various indices' price-to-earnings ratios, price-to-book ratios, dividend yields, and return on equity, which can guide investment decisions [19][20][21] Investor Insights - The article emphasizes the importance of maintaining a long-term investment plan and the value of patience in the face of market volatility [22] - A shared sentiment from an investor highlights the significance of a stable mindset in achieving investment success [23]

Group 1 - The company has signed an agreement with Shanxi Securities to add it as a sales agency for certain funds starting from May 20, 2025, allowing for regular investment, conversion services, and participation in fee discount activities [1][2] - Investors can enjoy fee discounts when subscribing and regularly investing in the specified funds through Shanxi Securities' trading system, with the specific discount rates and activity duration to be announced by Shanxi Securities [2][3] Group 2 - Fund conversion allows investors to directly convert their holdings in one open-end fund to another managed by the same fund management company without redeeming the original fund first [3][4] - The conversion can only occur within the same sales agency, and both funds must be managed by the same fund management company and registered with the same registrar [3][5] - The conversion process involves specific rules regarding the status of the funds, timing for confirmation, and the ability to redeem after conversion [3][9] Group 3 - The conversion fee consists of the redemption fee from the outgoing fund and the subscription fee for the incoming fund, calculated based on the net asset value on the day of application [6][7] - A detailed calculation formula for the conversion process is provided, including steps for determining the amounts and fees involved [7][8] Group 4 - The fund management company can suspend the conversion business under certain circumstances, such as force majeure events or significant market fluctuations leading to large redemptions [10][11][12] - Upon suspension, the fund management company must notify the regulatory authority and publish a notice regarding the resumption of conversion services [12] Group 5 - Investors are encouraged to read the fund contracts and prospectuses for detailed information about each fund [12][13] - Contact information for both the fund management company and Shanxi Securities is provided for further inquiries [13]

Core Viewpoint - The article emphasizes that the current valuation of the China Medical Index (中证医疗) is at historically low levels, making it an opportune time for regular investment by ordinary investors [1]. Group 1: Market Analysis - The China Medical Index has experienced a significant adjustment period, with a peak in June 2015 and a low point at the end of 2018, followed by a recovery until the end of 2021, and has now been in a correction phase for approximately two years [5]. - The current adjustment has reached about 60% of its potential, indicating that the market may be nearing a bottom, although the duration of the adjustment is uncertain [5]. - A longer adjustment period is seen as beneficial for regular investors, as it allows for the accumulation of shares at lower prices, potentially leading to greater future gains [5]. Group 2: Investment Strategy - Ordinary investors are advised to focus on the Price-to-Book (PB) ratio for the China Medical Index, with a recommendation to start regular investments when the PB is below 20% [9]. - For more aggressive investors, a threshold of 25% to 30% is suggested for initiating investments [9]. - The article lists several actively managed medical-related funds that have been established for over six years and have a scale of over 500 million, highlighting their respective returns, with the top performer achieving a return of 178.62% since May 2017 [11]. Group 3: Fund Selection - The article provides a table of selected funds, showing their total returns and annualized returns over a period of approximately 6.2 years, with the best-performing fund yielding an annualized return of 18.00% [11]. - It emphasizes that despite current low valuations, all listed funds have positive long-term returns, suggesting that the issue lies more with the timing of investments rather than the funds themselves [12]. - The article advises investors to consider funds that have survived through market cycles and have demonstrated resilience [12].

Group 1 - The core viewpoint of the article emphasizes the advantages of fund regular investment (定投) over one-time investments, highlighting its simplicity, time-saving nature, and risk diversification benefits, which attract many investors [1] Group 2 - The article discusses two types of regular investment methods: "ordinary regular investment" and "smart regular investment" [2] Group 3 - Ordinary regular investment allows clients to set their own periodic and fixed amount for fund purchases, with a focus on the frequency of investment [3] - Smart regular investment enables clients to set periodic but variable amounts for fund purchases, utilizing rules to help determine reasonable investment amounts and avoid pitfalls [5]

Group 1 - The core concept of fund regular investment (定投) is to invest a fixed amount in a designated open-end fund at regular intervals, similar to a bank's zero-deposit savings method [1] - Fund regular investment helps to mitigate the risks associated with market timing by allowing investors to accumulate shares at lower costs during market downturns, thus enhancing potential returns when the market rebounds [1] - The strategy is particularly effective in volatile markets, where higher volatility and growth potential indices yield better returns when sold during a bull market [1] Group 2 - For ordinary retail investors, regular investment can be achieved through investing in ETFs or ETF-linked funds, with some brokerage systems now supporting ETF regular investment [2] - ETF-linked funds typically have different share classes, where A shares are suitable for long-term investment due to their one-time subscription fee and no sales service fee, while C shares are more appropriate for short-term investment due to their sales service fee structure [2] - Investors are advised to choose off-market A shares for regular investment to optimize their investment strategy [2]

睿远基金官方订阅号，第一时间发布睿远基金动态、分享优质基金及投资内容，做持有人长期利益最大化 的价值投资实践者。 以下文章来源于睿远FUND ，作者小睿 睿远FUND . 微笑是最 温暖的语言，也是治愈心灵的良药。 5 月 8 日世界微笑日，让我们一同探寻微笑背后的神奇力量，感受它如何为生活注入美好。 医学研究表明，微笑时大脑会分泌内啡肽与血清素，如同为身心注入天然的"快乐因子"，不仅能提升免疫 力、降低血压，更能有效缓解焦虑情绪。 其实 在充满波动的基金投资世界里，也藏着一抹智慧的"微笑"——微笑曲线。它不是市场永远上涨的承 诺，而是投资者穿越牛熊的底气。如果我们坚持基金定投，或许也会收获一条属于自己的"微笑曲线"。 为什么定投会画出"微笑曲线" 定期定额：下跌市场的"份额收割机" 想象一下，每月拿出一定的闲钱定投某只基金。假使初期遇到市场震荡下跌时，基金净值从 1 元跌到 0.9 元甚至 0.8 元，同样的金额就能买到更多的基金份额，就像在低位悄悄囤货，为未来种下更多的种子。 这种"越跌越买"的机制带来两个关键效果： 份额累积： 下跌过程中不断收集低价筹码，手中的基金份额像滚雪球一样越滚越大。 成本摊薄： ...

0.99元起购36元支付立减金( 工作 养老投资的好搭 伴随着个人养老金的全面放开,如何更好地为未 来退休后的悠长假期做好"钱袋子"的准备,成 了大家越来越关心的问题。 那么,关乎人生大计的养老投资,有没有这样一 个"好搭子"，既能让我们的投资过程更简单, 又能收获不错的结果呢? 分享干货之前,先送上我们的养老专属福利! 心意五重礼，助力更好的养老生活! THE ZE 约定缴存礼新上线 领20元权益 开 45 点击下方按钮立即开户,并有机会享以下权益。 立即开户 >> 缴存有礼 最高享88元奖励 Ø。 进阶有礼 最高享568元奖励 ● 推荐有礼 每月最高可享2000元奖励 。 ( 客群专属礼 缴存达标还可享20元奖励 > 约定缴存礼 缴存达标可领2000个cc豆� 划个重点|基金定投的优势 操作省心 平摊成本 系统自动执行 有助于淡化 定投计划 择时风险 分批投入 长期投资 不需要一次性 保持投资纪律 享受复利效应 投入本金 注:活动规则详见内页。 省心的方法也能带来好收获 首先，我们介绍一下什么是基金定投 定投,简单来说就是定期定额买入固定的基金。 想必大家都听过华尔街流传的一句话:"要在市 场中准确地踩点 ...

Core Viewpoint - The article reflects on the lessons learned from four years of investment experience, emphasizing that investing requires rational planning and long-term commitment rather than following trends blindly [3]. Group 1: The Cost of Following Trends - The investment in popular funds, particularly in sectors like pharmaceuticals and military, led to significant losses when market conditions changed, revealing the risks of single-sector investments [4][6]. - A specific growth value fund experienced a maximum drawdown of over 50% due to heavy exposure to technology stocks during market downturns [4]. Group 2: Misconceptions About Dollar-Cost Averaging - Increasing investment amounts in a declining market did not yield the expected results, as the account faced multiple interruptions due to insufficient funds, missing opportunities to buy at lower prices [9]. - The failure to adjust investment strategies based on market valuations resulted in continued losses, highlighting the importance of timely decision-making [10][12]. Group 3: Emotional Decision-Making - During a market rally in September 2024, the account still showed a loss of over 40%, leading to a decision to cut losses by redeeming a quarter of the investment, which ultimately missed out on subsequent gains [14][15]. - The experience underscored the need for stop-loss decisions to be based on fundamentals rather than emotions, and the importance of investing with disposable income [16]. Group 4: Key Lessons and Insights - Diversification is crucial to survival, as over-concentration in high-volatility sectors can lead to significant setbacks during corrections; a balanced approach with value funds or fixed-income products is recommended [18]. - A long-term perspective and disciplined execution are essential, with stable investment amounts and dynamic valuation thresholds for profit-taking [20][21]. - Independent thinking is more valuable than following trends, as short-term performance may not reflect long-term stability; index funds are suggested for long-term investments over active funds [22]. Group 5: Rebuilding Investment Confidence - The company is now reallocating previously liquidated funds into diversified indices like CSI 300, CSI 500, and major U.S. indices, adhering to a "five-year hold + annual review" strategy to achieve recovery through low-cost averaging [24]. - The narrative concludes with a belief that respecting market dynamics and maintaining a disciplined approach are key to preserving capital and achieving long-term success [25][26].

Core Viewpoint - The article emphasizes that wealth accumulation is primarily a privilege for a minority, and ordinary individuals face significant challenges in breaking through socioeconomic barriers solely through labor [1][2]. Group 1: Traps Ordinary People Face - **Follow-the-Trend Trap**: Many individuals fall into the trap of joining popular trends, such as opening a milk tea shop or investing in a rising stock market, often resulting in financial losses [3][4]. - **Get-Rich-Quick Trap**: Courses promising high income with no prior experience are often misleading, teaching deceptive practices rather than legitimate wealth-building strategies [5][6]. - **Consumption Trap**: Excessive spending on luxury items and lifestyle choices can lead to financial instability, with appearances often misleading about true wealth [7][8]. Group 2: Five Golden Paths for Ordinary People - **Cognitive Monetization**: Individuals can leverage skills, such as programming, to create income opportunities, moving away from physical labor competition [9]. - **Side Business Leverage**: Engaging in side jobs, from ride-sharing to knowledge-based services, can significantly increase income without full-time commitment [10]. - **Low-Cost Entrepreneurship**: Starting small businesses with minimal investment can yield substantial profits, emphasizing the importance of testing ideas before scaling [11]. - **Counterintuitive Investment**: Regular investment in index funds, such as the CSI 300, can outperform most retail investors over time [13]. - **Networking for Profit**: Building and leveraging professional relationships can create additional income streams through referrals and collaborations [12]. Group 3: Ultimate Truths and Actionable Steps - **Time Over Money**: Investing time in skill development can lead to exponential income growth compared to traditional labor [14]. - **Risk Management Over All-In Betting**: Maintaining a financial safety net is crucial before pursuing high-risk ventures [14]. - **Focus Over Trend-Chasing**: Specializing in niche markets can yield better financial returns than general knowledge [14]. - **Rejecting Consumerism**: Prioritizing savings over luxury purchases is essential for building wealth [14]. - **Immediate Actions**: Individuals are encouraged to assess their skills, cut unnecessary expenses, and engage with high-value networks to enhance their financial prospects [14].

III H 新葡萄糖糖 P L E 超 感 型 创 业 板 指 定 投 你能悟到这点不容易,会买的是徒 弟,会卖的才是师傅!这几种常用 的止盈方法收好了: | | | | And | | | | --- | --- | --- | --- | --- | --- | | 止盈方法 | - Clica 总结 | 具体操作 方式 | 优点 | 缺点 | 举例 | | 旨标 | | 设定目标收 | 通俗易懂, 操作简单 | 元法获得更 | 大到30%收 益后目动 | | 收益能 | 见好就收 | 益率,达到 后目动或出 | 可系统自动 交易 | 高的收益 | 室田 | | 最大 | 见势不妙, | 同时设定止 盈点和最大 | 市场上行阶 段可以获得 | 操作复杂, 需手动操作 | 设置30%1F 空点和10% | | 回撤落 | 第版掉头 | 回撤或值 | 更高的收益 | | 最大回撤 | | 信宜 | 便宜多买, | 根据指数估 值的自分位 | 可以更加准 确地在相对 | 实时假踪指 数估值水平 | | | 15:30 | 景观的公寓、 不要 甚至卖出 | 水平决定是 | 高位做止容 | 要求更高的 | | | ...