文 | 银行螺丝钉 （转载请注明出处） 一、【第424期直播回放】 有朋友问，哪些指数，是被机构投资者认可的？ 这些指数，适合我们普通投资者入手吗？最适合新手入门的指数，是什么？ 指数投资中，做好分散配置+再平衡，有啥好处？ 在今晚的直播课里，螺丝钉详细介绍了这些问题。 长按识别下面二维码，添加 @课程小助手 微信，回复「 1223 」即可观看直播回放。 （提示：回复后可以耐心等待几秒哦～） 二、【部分直播课内容如下】 1. 新手投资指数基金，适合从哪些品种入门？ 我们投资股票类资产，可以选择单个股票，也可以投资指数基金这样的品种。 对大多数家庭来说，走指数基金投资是更合适的。 因为选个股，是一个很耗费时间和精力、风险也比较大的事情，大多数普通投资者不具备这个能力。 而指数基金， 具备分散配置、新陈代谢的能力， 就不用太担心单个公司的经营风 其中，比较常见的股票指数指引，主要是以下几类： · 公募基金业绩基准一类库指数； 2. 公募基金业绩基准一类库 我们先来了解下 公募基金业绩基准库 一类库 。 公募基金业绩基准库，现阶段主要纳入股票指数，分为一类库和二类库。 | 特点 | 当前指数数量 | 覆盖范围 | ...

Core Viewpoint - The overall market is experiencing an upward trend, with significant movements in both A-shares and Hong Kong stocks, particularly in the technology sector, driven by favorable economic indicators such as lower-than-expected CPI data in the US, which supports the potential for further interest rate cuts [5][6][4]. Group 1: Market Performance - The overall market has risen, closing at 4.2 stars, which is close to 4.1 stars [1]. - All market caps, including large, mid, and small caps, have seen increases, with small caps showing slightly higher gains [2]. - The growth style has been particularly strong, contributing to the overall market rise [3]. Group 2: Investment Opportunities - Historical analysis indicates that A-shares have experienced three significant bear markets in the last 15 years: 2012-2014, 2018, and the ongoing 2022-2024 period, suggesting that these bear markets present valuable investment opportunities [17]. - It is estimated that an investor may encounter 6-10 bear market buying opportunities over a 30-year investment horizon, emphasizing the cyclical nature of markets [20][21]. - The article suggests that patience in waiting for undervalued buying opportunities can lead to successful long-term investments, with the potential for around 20 investment opportunities over 30 years if one diversifies across various asset classes [28][29]. Group 3: Investment Strategy - The article references Warren Buffett's analogy of having only 20 investment opportunities in a lifetime, which encourages careful consideration before making investment decisions [9][10]. - It highlights the importance of understanding market cycles and maintaining composure during downturns, as the market will eventually reward those who are patient [30]. - The article also mentions the significance of diversification and rebalancing in index investments, which can enhance investment outcomes for ordinary investors [30].

基金投顾，顾名思义，就是基金的投资顾问。 很多行业都有顾问，特别是一些专业性很强的行业。 文 | 银行螺丝钉 （转载请注明出处） 想要获取这个课程，可以添加下方「课程小助手」，回复「 基金投顾 」领取哦～ 更有课程笔记、思维导图，帮您快速搞懂课程脉络，学习更高效。 • 看病吃药，需要医生，医生就是顾问； • 有法律问题，需要律师，律师也是顾问。 具金投顾是什么? 有什么伺用? 长按添加@课程小助手，回复「赛令投顾 取《曝丝钉其会投顾入门 更有课程笔记、思维导图,帮你快速了解基金 例如， 基金投资也是如此。 基金投顾的诞生，正是为了解决基金行业存在的"基金赚钱，基民不赚钱"的问题。 那么，基金投顾有哪些优势？ 是如何通过"投"和"顾"，帮助投资者获得好收益的呢？ 这里有一门限时免费的福利课程，介绍了基金投顾的方方面面。 (1) 如果只投资两只股票。 波动风险，会是市场整体波动风险的2-3 倍。 换句话说，大盘如果下跌20%，只投资 两个股票，可能会遇到60%级别的波 动。 (2) 如果股票数量增加到20只。 #螺丝钉小知识 urnel 银行螺丝钉 分散到什么程度，才能有效降低 波动风险呢? 我们知道,投资中做好 ...

点击 "简七读财" ，发送消息" 理财 " 小白轻松入门~ 晚上好，我是简七~ 最近，有小伙伴来问：不是说纯债基金很稳吗？怎么也会「跳水」呢？ 我看了看，她说的这只债基，一周跌了6%，净值打回两年前，相当于投资两年白干了。 图源：天天基金 今天，我们就从这次「暴雷」说起，聊聊债基到底是怎么回事，以及我们该怎么挑、怎么买。 *风险提示：本文所提及的基金，仅为示例参考，不构成任何投资建议。市场有风险，投资需谨慎。请务必将决策权，牢牢握在自己手中~ 01 这次雷，到底是怎么回事？ 纯债基金，就是基金经理拿我们的钱，买几十、上百只债券。 那什么是债券呢？本质上TA是「欠条」： 买国债，就是把钱借给国家；买企业债，就是把钱借给企业。到期了，对方连本带息还给你。 听起来很稳，对吧？ 首先，我们要相信概率和常识。 咱们买债基，买的是几十、上百只债券。 哪怕真遇到一个还不上钱的公司，因为分散了，对整体的影响通常也是可控的。像这次跌幅这么大的，属于比较极端的个例。 另外，咱们债基也别认准某一支，把「求稳」的钱也再分散到不同产品中。 确实，在大多数情况下，借钱的一方都会按时还钱。所以债基给人的印象一直是「稳稳的幸福」。 但是，万 ...

Group 1 - A-shares experienced a rebound driven by military and AI applications, with significant inflows into broad-based ETFs, including 1.53 billion CNY into the largest SSE 50 ETF and 518 million CNY into the Sci-Tech 50 ETF in a single day [1] - Since the sharp correction in A-shares, broad-based ETFs have become a "safe haven" for funds, with a total net inflow of 70 billion CNY into stock ETFs last week, including 50 billion CNY on November 21 alone [1] - The core contradiction in the volatile market is the uncertainty of returns against the certainty of risks, leading to increased allocation in broad-based ETFs, which diversify investments across leading stocks in all sectors, thus avoiding deep corrections in sector ETFs [1] Group 2 - The Sci-Tech 50 ETF (588000) has over 60% semiconductor content, with a latest scale of 73 billion CNY and an average daily trading volume of 4.197 billion CNY, ranking first in both scale and liquidity among similar products [2] - The A500 ETF (512050) is a balanced fund combining "value + growth," with a latest scale of 19.5 billion CNY and an average daily trading volume of 4.06 billion CNY, also ranking first among similar products [2] - The CSI 1000 ETF (159845) focuses on small-cap growth stocks with a strong offensive nature, having a latest scale of 44.6 billion CNY, complementing large-cap broad-based funds and aligning with emerging industry trends [2] - The SSE 50 ETF (510050) is the "blue-chip flagship" of A-shares, with a latest scale of 178.5 billion CNY, making it the largest SSE 50 ETF in the market, significantly surpassing similar products [2]

Group 1 - The current low interest rates on bank deposits are causing concern among individuals, with many experiencing a significant drop from previous rates [2] - There is a notable increase in inquiries about investment options as individuals seek alternatives to low-yield bank products, indicating a shift in investor behavior [2][3] - The bond market's instability has led to losses in previously considered "stable" investment products, highlighting the risks associated with low-risk investments [2] Group 2 - Individuals are advised against automatic renewal of bank deposits due to lower default rates compared to promotional rates, which can lead to missed opportunities for better returns [3] - Smaller banks, such as city commercial banks and rural commercial banks, are offering competitive rates and promotional activities, making them attractive alternatives for depositors [3][4] - A strategy of "laddering deposits" is recommended, where funds are divided into different maturity periods to balance liquidity and interest earnings [4] Group 3 - Investment in bank wealth management products is not entirely discouraged, but shorter holding periods and lower bond exposure are advised to mitigate risks [4][5] - A diversified investment approach, including a mix of fixed deposits, low-risk wealth management products, and mutual funds, is suggested for those with a higher risk tolerance [4][5] - The overall sentiment emphasizes adjusting expectations regarding returns, focusing on safety and inflation protection rather than high yields [5]

Group 1 - The article introduces the concept of bond index funds and highlights that many investors are familiar with stock index funds but less so with bond index funds [2] - A free course is offered to educate investors on how to invest in bond index funds, along with supplementary materials like course notes and mind maps for efficient learning [2][8] Group 2 - The article explains the benefits of diversification in investment, illustrating that having multiple investment options can lead to higher overall returns compared to concentrating investments in a single area [6] - An analogy is provided using a mother with two daughters, one selling umbrellas and the other selling cloth, to demonstrate how diversification can stabilize income and increase profitability by offsetting losses in one area with gains in another [6]

Core Viewpoint - The emergence of "credit cockroaches" in the U.S. economy signals underlying vulnerabilities, particularly in high-leverage sectors, necessitating a reassessment of investment portfolios and emphasizing the importance of diversification as a risk mitigation strategy [1] Group 1: Recent Events and Implications - The bankruptcy of Tricolor, a subprime lender, and First Brands, an auto parts giant with liabilities of approximately $50 billion and assets under $10 billion, highlights fraudulent practices and raises concerns about the credit environment [2] - Several regional banks have also reported bad debts due to fraudulent commercial loans, indicating a pattern of inadequate due diligence during economic booms [3] Group 2: Impact on Financial Markets - Despite some banks reporting better-than-expected earnings, concerns over asset quality have led to underperformance of bank stocks, lagging behind the broader U.S. market by over 470 basis points since early October [4] Group 3: Investment Strategy Recommendations - While the fraudulent cases are isolated, the exposure of U.S. non-deposit financial institutions (NDFIs) to these risks has increased, with their loans now accounting for less than 10% of total bank loans, up over 100% in the past decade [5] - A cautious approach is advised for banks with high exposure to NDFIs, while maintaining an optimistic outlook on U.S. equities, particularly in sectors like technology, communications, and healthcare [5] Group 4: Bond Market Insights - Emphasis on high-quality assets in bond investments, favoring investment-grade corporate bonds, as rising yield spreads present tactical opportunities [6] - Recommendations include investing in UK government bonds and emerging market local currency bonds, which are expected to have good upside potential [6] Group 5: Preventive Measures - The appearance of "credit cockroaches" underscores the need for preventive measures in investment portfolios, focusing on asset quality and defensive growth sectors [7] - A diversified investment portfolio across industries, regions, and asset classes is recommended to navigate potential market turbulence [7]

Core Insights - The investment in gold remains strong despite high price volatility, with young investors leading the trend towards rational investment strategies such as regular investment and asset allocation [1][6][8] Group 1: Young Investors' Trends - Young individuals, particularly those born after 1995, are becoming the main force in online gold investment, with over 890 million users engaging in gold ETF regular investments, and more than 40% of them being from the post-95 generation [1][8] - Nearly 10 million individuals from the post-90s and post-00s generations are diversifying their investments by allocating funds to money market funds, bond funds, and gold funds, referred to as the "new three golds" [1][8] - The average holding period for gold ETF investors on the Ant Wealth platform is 1,750 days, indicating a preference for long-term investment strategies [8] Group 2: Market Dynamics - Gold prices have recently surpassed $4,200 per ounce, with a significant increase in user engagement on platforms like Alipay, where over 940 million searches for "gold" were recorded, a fivefold increase compared to the previous year [6] - The global monetary expansion and rising U.S. debt levels are driving central banks to accumulate gold, with global central bank gold reserves now exceeding U.S. Treasury holdings [7] - The return of interest rate cuts by the Federal Reserve and declining U.S. Treasury yields have made gold a more attractive traditional safe-haven asset [7] Group 3: Investment Strategies - Financial experts advise investors to make decisions based on their investment goals and risk tolerance, emphasizing the importance of diversification and avoiding heavy concentration in gold [5][9] - Regular investment strategies are recommended for long-term investors, while short-term traders are cautioned against aggressive trading due to increased volatility [9]

Core Insights - Gold prices are experiencing high volatility, yet the investment enthusiasm remains strong, particularly among younger investors who favor rational investment strategies like regular contributions and asset allocation [1][7][9] Group 1: Investment Trends - Over 8.9 million users have initiated gold ETF regular investments on the Ant Wealth platform, with over 40% of these users being born after 1995 [1][9] - The number of young investors (those born in the 90s and 00s) diversifying their portfolios with money market funds, bond funds, and gold funds, referred to as the "new three golds," has reached nearly 10 million [1][9] - Following the National Day holiday, over 9.4 million searches for "gold" were recorded on Alipay, a fivefold increase compared to the same period last year [7][8] Group 2: Market Dynamics - On October 14, gold prices surpassed $4,200 per ounce for the first time, leading to over a million visits to the Industrial and Commercial Bank's gold accumulation page on Alipay [7][8] - The popularity of online AI services has contributed to the growth of online gold investment, with inquiries about gold to the AI financial assistant increasing by 180% after the National Day holiday [8] - Global central banks have increased their gold reserves, surpassing U.S. Treasury holdings, driven by factors such as currency overproduction and rising U.S. debt, which enhances gold's appeal as a risk-free asset [8] Group 3: Investor Behavior - Young investors are increasingly adopting systematic investment approaches, with an average holding period of 1,750 days for gold ETF investors on the Ant Wealth platform [9] - A case study of a user who began investing in gold ETFs two years ago shows a return exceeding 40%, highlighting the potential for long-term gains despite short-term price fluctuations [9][10] - Financial experts recommend that investors should make decisions based on their investment goals and risk tolerance, advocating for diversified portfolios that include low-risk assets alongside gold [10]