（来源：望京博格投基） 转自：望京博格投基 净值出来了， 场内ETF账户今天盈利6000元（账户资产200万）； 场外基金账户今天预估盈利7000（账户资产500万）； 两个账户今天盈利1.3万。 周一盈利2400元，周二盈利2200元，周三盈利7.3万，周四亏损5.6万，周五盈利1.3万，本周盈利3.4万。 继昨天私域发车减了一点仓位之后，今天继续减了一点仓位。 减仓并不是不看好后市。 牛市多大幅回调，按之前计划博格准备100万现金可以随时在大幅回调的时候抄底，结果前一段接了30万的航空航天与卫星产业之后，现金部分不到30万 了。 这两天天减仓了一些恒生科技与A股医药，空出来大十几万，加上之前清仓稀土部分资金，现金部分又回到100万了。 最近很多国际大事都利好军工，例如博格又去看长春航空展了。 为了去长春航空展，博格昨天提前一个小时就到了北京朝阳高铁站。 刚一下车顿时懵逼了，发现身份证没带，先给滴滴师傅打电话，看看落没落在后座上，师傅说后座上没有。 博格花了半分钟理清思路，有购票二维码是可以上车的，但是明天的航空展未必进的去，这个时候瞄一眼手机，距离开车还有50分钟，咋办呢？ 眼见一个出租车上乘客刚下来，博 ...

Group 1 - The market experienced a loss today, with on-market ETF accounts losing 11,000 and off-market fund accounts losing 7,000, totaling a loss of 18,000 [1] - Compared to a profit of 130,000 yesterday, this pullback is considered minor [2] - Retail investors have not entered the market on a large scale, as there has been no significant growth in the shares of both active funds and A-share ETFs this year [2][4] Group 2 - The recent growth in ETF scale is primarily due to net value growth rather than retail subscriptions, indicating that retail investors may be entering through insurance wealth management instead [4] - As of the end of 2024, the scale of China's insurance asset management industry reached 33.26 trillion, leading the asset management sector [4] - In the first half of 2025, there is a structural adjustment in insurance asset management, with a contraction in debt investment scale and significant growth in asset securitization (ABS) and equity investments, increasing by 46.15% and 188% year-on-year, respectively [4] Group 3 - The current market conditions suggest that there is no need to wait for a large-scale entry of retail investors before reducing positions [5] - There is a conflict regarding whether to reduce or increase positions, with memories of the 2014-2015 bull market causing hesitation to take profits too early, while the 2022-2023 bear market raises concerns about losing unrealized gains [6][7] Group 4 - Recent trading strategies include reducing positions in Hong Kong innovative drugs while increasing positions in the chemical index, resulting in a nearly 10% profit from the chemical sector within a month [9] - The current valuation levels of major indices are high, with the CSI 300 at 14.11, the CSI 500 at 33.09, and the CSI 1000 at 46.39, all reflecting high historical percentiles [11][13][15] Group 5 - The A-share market has shown significant gains this week, with valuation levels rising sharply, particularly in the Sci-Tech 50 and CSI 2000, both reaching 100% historical valuation percentiles [25] - The difference in valuation perception between the ChiNext Index and the ChiNext Composite Index is clarified, as the former includes only leading stocks while the latter encompasses all listed companies, leading to a higher average valuation [26] Group 6 - The current temperature of the A-share market is 67.61, surpassing the previous high of 63 in 2021 and the peak of 93 in 2015, while the Hong Kong market temperature stands at 48.37 [40]

Group 1 - The core idea emphasizes the importance of foundational knowledge in investment and fund selection, suggesting that solid fundamentals are crucial for successful investing [2] Group 2 - Common indicators to gauge market sentiment include margin trading balance, northbound capital flow, and volatility index, with margin trading balance and northbound capital flow being more direct indicators [3] - A rapid increase in margin trading balance indicates a strong willingness among investors to use leverage [3]

Group 1 - The market experienced a slight pullback after a profitable week, with a loss of 15,000 in ETF accounts and 10,000 in mutual fund accounts on the current day [1] - The sales of private domain tickets have been strong in the past two months, reminiscent of early 2020, indicating potential market peaks [1] - Historical performance shows that during market peaks, interest in private domain tickets declines as investors feel overconfident in their stock-picking abilities [1] Group 2 - A-share market temperature is at 64.21, indicating a slight increase, while Hong Kong stock market temperature is at 46.59 [3] - Various sectors have different configurations and performance metrics, with notable performances in the automotive sector and underperformance in the food and beverage sector [2][3] - The PE ratios and temperature readings suggest varying levels of investor confidence across different industries, with some sectors showing significant year-to-date gains while others are in decline [2][3]