种是亏损的,那投资者就不愿意交易,宁 愿等到回本之后再交易。 这种投资决策是非理性的。 因为买入、卖出的决策，应该根据投资品 种本身的价格与价值来决定，而非自己的 成本价。 因为每个投资者的成本价都不同，这意味 着,回本出是一个挺唯心、但没有考虑客 观事实的操作。 文 | 银行螺丝钉 （转载请注明出处） 股票基金从熊市底部反弹时,就容易出现 「回本出」。 「可算回本了，赶紧卖了」。 但这样做,往往就错过了之后市场上涨, 也就是倒在了黎明到来之前。 并且,这些回本出的投资者,并不是真的 远离了市场。有很多在之后牛市高位的时 ▼点击阅读原 文，免费学习大额家庭资产配置课程 ...

Core Viewpoint - The article discusses the current market trends, investor behavior, and the importance of rational decision-making in investment strategies, particularly focusing on the "break-even" effect in fund investments. Market Trends - The market experienced a brief rise, approaching a rating of 4.6 stars, but closed down with the CSI All Share Index falling by 0.29%, remaining at 4.7 stars [1][2]. - Both large and small-cap stocks showed slight fluctuations, with value styles experiencing a slight increase while growth styles saw a minor decline [3][4][5]. - Hong Kong stocks outperformed A-shares, with technology stocks leading the gains [6][7]. Investor Behavior - The article highlights the "disposition effect," where investors prefer to wait until they break even before selling their investments, which is a common behavioral finance phenomenon [9][10]. - Investors often exhibit loss aversion, leading them to avoid selling at a loss and instead wait for a return to their original investment price [11]. - The article notes that this behavior is irrational, as investment decisions should be based on the intrinsic value of the assets rather than personal cost bases [12]. Historical Context - The article references a previous market cycle in early 2019, where many investors redeemed their funds as the market rebounded, despite having initially invested during a downturn [13][14][17]. - It emphasizes that the "break-even" selling strategy can lead to missed opportunities for further gains in the market [19][21]. Investment Strategy - The article argues that investing in stocks and funds should not be solely about breaking even, but rather about long-term value appreciation [24]. - It suggests that investors should consider strategies for profit-taking and emphasizes the importance of not making decisions based on emotional responses [25][27]. - The article introduces a new feature in the "Today Stars" app that provides expanded index valuation data, allowing investors to make more informed decisions [28][29][30]. Investor Insights - The article concludes with a reminder that investing is inherently volatile, and patience combined with a disciplined investment strategy can yield positive results over time [33][34].

文 | 银行螺丝钉 （转载请注明出处） ▼点击阅读原 文，免费学习大额家庭资产配置课程 ...