可能有人会问，不是说避险资产靠不确定性撑着吗？现在利好消息这么多，怎么黄金还涨？其实关键在"承接力"——上周五金价刚有点回落，交易员们就 赶紧进场接盘，跟抢着捡机会似的。就像盛宝银行的策略师说的，现在黄金市场里基本都是买家，稍微一回调，新需求就来了，这说明大家心里的"底仓 思维"没松，哪怕短期利好出现，也不想错过这个硬通货。 我做中长线投资这么多年，最清楚这种走势背后的逻辑：表面看是消息在变，但深层是资金对"安全感"的执着。现在现货黄金还稳在4360多美元，白银、 铂金也跟着涨，说明市场没真的放下担忧。后续不管是贸易谈判进展，还是政府开门后的动作，我都会盯着黄金的需求变化，有新动静再跟大家聊中长 线的布局思路。我是帮主郑重，咱们接着观察市场的下一步动作。 各位朋友，我是帮主郑重，干了20年财经记者，看市场涨跌也算有经验，但今天黄金这走势，还真得跟大家好好唠唠——明明贸易紧张局势松了，特朗 普都放话"谈判没问题"，美国政府停摆也有望本周结束，按说避险需求该往下走，可金价偏偏逆势冲上去，创下4381.52美元的历史新高，比上周的高点 还超了一截，这事儿透着有意思。 ...

Group 1 - The core viewpoint of the articles emphasizes the importance of equity allocation and the necessity of constructing a diversified investment portfolio to balance risk and return in a volatile market environment [1][2][5] - Since the A-share market began its rebound on September 24 last year, major indices like the Shanghai Composite Index and CSI 300 have seen significant increases of 40.34% and 39.97% respectively, while growth-style indices such as the STAR 50 and ChiNext Index have surged by 108.59% and 88.83% [1] - Despite the positive performance, many brokerage reports indicate that the pace of fundamental recovery is slow, and the inflow of funds from various market participants may decelerate, leading to increased market volatility in the future [1][2] Group 2 - The articles highlight that equity markets are essential for ordinary investors to share in the growth dividends of quality companies and achieve asset preservation and appreciation [2][5] - Historical data shows that while the A-share market experiences cyclical volatility, equity-based fund indices have delivered considerable long-term returns, significantly outperforming most traditional financial products [2] - The concept of "bottom warehouse thinking" is emphasized, suggesting that investors should maintain a certain allocation to stable, low-volatility funds that do not chase single themes or market hotspots [3][4] Group 3 - The introduction of "bottom warehouse funds" by various public fund companies, such as Guohai Franklin Fund, reflects a growing emphasis on risk management in response to increased market volatility [4] - Specific examples of bottom warehouse funds, like Guofu Xinghai Return and Guofu Fundamental Selection, have shown impressive performance, with three-year returns of 43.27% and 41.22%, significantly outperforming the mixed equity fund index [4] - The articles suggest that a well-constructed investment portfolio should include both bottom warehouse funds for stability and high-risk products for potential growth, tailored to the investor's risk tolerance [4][5]

也因此，在牛市环境中，更需强调"底仓思维"，预留一定仓位配置那些风格稳健的"底仓 型"基金。 一般而言，底仓型基金不押注单一赛道或热门主题，也不盲目追逐资金短期聚集的市场热 点。这类基金通常风控能力出色：一方面，通过行业均衡配置与分散持股，规避因单一行业 或股票权重过高带来的风险；另一方面，重视估值水平和安全边际，避免追高。从数据表现 来看，底仓型基金的短期业绩可能并不突出，但中长期表现往往较为优异，同时具备低波 动、低回撤的特征，能够为投资者提供更舒适的持有体验。 权益配置：不可或缺的投资选择 为什么一定要配置权益资产？又为什么必须通过组合的方式参与？对普通投资者而言，权益 市场无疑是分享优质企业成长红利、实现资产保值增值的重要途径。历史数据显示，尽管A股 市场存在明显的周期性波动，但从长期来看，偏股型基金指数仍实现了较为可观的回报，其 长期收益率远超大多数传统理财产品。正因如此，从资产配置角度出发，完全避开权益类资 产，很可能意味着错失重要的长期收益来源。 然而，盲目追逐市场热点、单一押注某一高波动赛道，一旦遭遇深度回调，所带来的损失可 能是很多投资者难以承受的。例如，若某只基金回撤达到50%，其后需上涨 ...