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每日钉一下(为什么说分散配置,是投资中“免费的午餐”?)
银行螺丝钉· 2025-10-08 13:56
文 | 银行螺丝钉 (转载请注明出处) 基金是非常适合普通人的投资品种。 什么类型的基金更适合新手? 低投资的波动风险。 基金投资该怎么投? 长期投资前要做哪些心理建设? 这里有一门限时免费的福利课程,能帮助新手投资者从零开始了解基金投资。 想要获取这门课程,可以扫下方二维码添加 @课程小助手 ,回复 「 基金入门 」 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。 urn(| #螺丝钉小知识 银行螺丝钉 为什么说分散配置,是投资中 "免费的午餐"? 在投资时,不仅仅要考虑收益,也要考虑 分散风险。 集中持有一个股票,万一这个公司遇到啥 风险,投资者可能也会损失惨重。 马科维茨从这个角度入手开始研究,提出 了「投资组合」理论,也是现代投资中, 最重要的理论之一。 这个理论用一句话概括,就是: 分散配 置,可以减少风险。 分散配置一篮子相互独立的股票,可以降 分散配置,减少了风险的同时,会不会也 减少收益呢? 在分散配置搭配再平衡后,不一定会减少 收益。 这点在股票基金上也成立。 比如,分散配置中证A500和中证红利(各 自比例为50%),并且每年再平衡一次, 相比沪深300,收益要更高, ...
投资股票基金,该如何止盈?|投资小知识
银行螺丝钉· 2025-09-01 13:58
Group 1 - The article discusses strategies for managing investment portfolios, particularly focusing on automatic profit-taking mechanisms in advisory portfolios [2][3]. - It highlights two scenarios for profit-taking: when certain assets are overvalued while others are undervalued, and when the overall market is deemed overvalued [2][3]. - The article mentions a feature of the advisory portfolio that allows for automatic rebalancing, which helps investors to take profits from overvalued assets and reinvest in undervalued ones without manual intervention [2][3]. Group 2 - The process of profit-taking involves gradually converting investments from a stock and fund combination to a more stable bond fund combination as market valuations increase [3][4]. - The article indicates that the conversion will be executed in phases, with a larger proportion being converted as market valuations rise, ultimately transitioning to a conservative investment strategy when the market is fully overvalued [4]. - It provides a call to action for readers to engage with a course assistant for detailed guidance on setting up automatic profit-taking strategies [4][5].
基金投资新手入门
银行螺丝钉· 2025-08-25 06:10
Core Viewpoint - The article serves as an introductory guide for beginners interested in fund investment, emphasizing the importance of understanding different types of funds and investment strategies before starting to invest [1][4]. Fund Categories and Characteristics - The article categorizes funds into three main types: - Money Market Funds: 1%-2% long-term annualized return, extremely low risk, suitable for managing short-term funds [8]. - Bond Funds: 4%-6% long-term annualized return, moderate risk, suitable for managing funds not needed for 1-3 years [8]. - Stock Funds: 10%-11% long-term annualized return, higher risk with potential fluctuations of 30%-50%, suitable for managing funds not needed for 3-5 years [8]. Investment Strategy: Dollar-Cost Averaging - Dollar-cost averaging is recommended as a suitable method for beginners to start investing in funds. The four steps include: 1. Determine the investment amount, typically 20% of monthly income [9]. 2. Select fund types based on recommendations from the "Banking Screw" public account [9]. 3. Create a plan detailing the investment schedule and rules [9]. 4. Execute the plan consistently [9]. Services Offered - The "Banking Screw" public account provides various services to assist investors: - Daily articles covering investment knowledge, strategies, and market insights [10]. - A platform for users to ask questions and receive timely responses [11]. - A star rating system to assess the investment environment [12]. - An index valuation table updated daily to help evaluate investment opportunities [14]. - Investment advisory combinations and practical investment plans for ease of investment [15]. Challenges of Dollar-Cost Averaging - While dollar-cost averaging appears simple, maintaining consistency can be challenging due to market fluctuations and personal circumstances [18][19].
A股开户环比大增
21世纪经济报道· 2025-08-21 10:40
Core Viewpoint - The recent A-share market has experienced a significant upward trend, with the Shanghai Composite Index breaking through multiple key levels, indicating a recovery in market activity and investor interest [1][3]. Group 1: Market Activity and Investor Behavior - The number of new account openings has increased significantly on a month-over-month basis, but the total remains far below the levels seen during the "9·24" market surge last year [2][5]. - Despite a surge in new account openings, the overall figures are still not comparable to the highs reached in the first quarter of this year, indicating a cautious investor sentiment [3][5]. - Many individual investors are increasingly opting for ETFs and index products to participate in the market, as these tools help mitigate the challenges of stock selection and capture sector opportunities [1][14]. Group 2: Brokerage Strategies - Leading brokerages are shifting their strategies from merely increasing new account openings to activating dormant clients and focusing on high-net-worth individuals [8][10]. - The activation of dormant clients is seen as crucial due to the potential for higher contributions to brokerage revenues, especially as these clients may have significant capital [8][9]. - Brokerages are also implementing various strategies to attract high-net-worth clients, including offering algorithmic trading and customized investment advisory services [10][11]. Group 3: Investment Trends and Opportunities - The current A-share ecosystem has changed, with a notable increase in the number of listed companies, making stock selection more challenging for investors [13][14]. - The rise of quantitative trading is becoming more prominent, with many brokerages introducing quantitative tools for high-net-worth investors, indicating a shift towards a quantitative investment era [13][14]. - ETFs are gaining popularity among investors, particularly as a safer investment choice in the current market environment, with a focus on technology and healthcare sectors as areas of potential growth [14][16]. Group 4: Key Investment Directions - Four key investment directions have been identified: high-margin assets with low valuations, technology growth sectors, consumer sectors boosted by policy support, and companies with long-term competitive advantages [16]. - The focus on technology sectors includes areas such as artificial intelligence, robotics, and biomedicine, which are expected to show high growth potential [16]. - The consumer sector is also highlighted as a strategic area for investment, particularly in the context of domestic demand expansion [16].
割肉的、开始的、买少的、怕涨的
银行螺丝钉· 2025-08-15 05:21
Core Viewpoint - The article discusses different types of investors during a bear market, emphasizing the importance of long-term investment strategies and the psychological aspects of investing during market downturns [1]. Group 1: Types of Investors - There are various types of investors observed in the current market: those who panic sell, those who are just starting, those who invest conservatively, and those who fear missing out on buying opportunities [1]. - Panic sellers have significantly reduced their investments, with some funds experiencing a decline of 50%-60% since March 2021 [6][9]. - New investors entering the market during a bear phase are in a favorable position, as they can buy at lower prices and develop a healthy respect for market volatility [12][13]. Group 2: Investment Strategies - For new investors, starting during a bear market can be advantageous, as it allows them to buy at lower prices and understand market fluctuations [12][17]. - Investors are encouraged to maintain a stock allocation based on the formula "100 - age," which is a common guideline for long-term asset allocation [20][21]. - In a bear market, it is suggested to increase stock allocations when the market is undervalued, particularly when it reaches around 5-star ratings [22][23]. Group 3: Market Behavior and Psychology - Many investors prefer to buy during market dips, as evidenced by increased subscription rates during low market points [33]. - The ideal scenario for dollar-cost averaging is to have a prolonged bear market followed by a significant bull market, allowing for accumulation of assets at lower prices [35]. - Patience is emphasized as a crucial trait for investors, as markets will eventually recover and present new opportunities [39][41].
上涨了,该如何止盈?|第397期直播回放
银行螺丝钉· 2025-07-25 13:58
Core Viewpoint - The article discusses various strategies for profit-taking in index funds, highlighting their advantages and disadvantages, and emphasizes the importance of market valuation in making investment decisions [1][3][20]. Summary by Sections Profit-Taking Strategies - Three main profit-taking strategies for individual index funds are outlined: 1. Profit-taking based on return rate 2. Profit-taking based on overvaluation 3. Long-term holding without selling, relying on dividends for profit [3][4][30]. Strategy 1: Profit-Taking Based on Return Rate - This strategy suggests considering profit-taking when the return reaches a predetermined level, typically around 30% [4][5]. - The advantage is its simplicity, while the downside is the potential to miss out on gains during bull markets [7][8]. Strategy 2: Profit-Taking Based on Overvaluation - Investors can use valuation metrics to determine when to sell, with a reference to a star rating and valuation table updated regularly [11][14]. - The valuation table indicates: - Green for undervalued (suitable for investment) - Yellow for normal valuation (hold) - Red for overvalued (consider selling) [12][18]. Strategy 3: Long-Term Holding - This strategy emphasizes the benefits of holding investments for the long term, particularly for high-dividend stocks [30][34]. - It is considered low-maintenance but requires careful selection of high-dividend stocks [35]. Market Valuation Insights - The article provides historical context on market valuations, noting significant changes from 5-star ratings in 2018 to 3-star ratings in 2021, indicating effective investment strategies during these periods [20][23]. Monthly Cash Flow Investment Strategy - The "Monthly Salary" investment strategy allows for flexible cash flow options, with a projected annual payout of approximately 6% of total assets [50][56]. - The strategy has shown stability even during market downturns, with a maximum drawdown of only 9.13% since inception [56]. Automated Portfolio Management - The article discusses automated features in investment portfolios that help manage profit-taking and rebalancing without requiring manual intervention [60][64]. - This includes automatic adjustments between equity and bond allocations based on market conditions [68][80].
帮家人管基金,年化收益近10%
天天基金网· 2025-07-02 12:12
Core Insights - The article discusses the practical experience of managing a fund account, highlighting the importance of asset allocation and investment strategies to achieve significant returns over time [1][3]. Summary by Sections Investment Performance - The total asset value as of June 30 is 608,380.54 yuan, with a cumulative profit of 584,879.74 yuan and a current holding profit of 45,484.71 yuan, indicating that most profitable funds have been sold off for reallocation [3][4]. - The account has achieved an annualized return of approximately 9.18% since 2018, surpassing inflation, with an expected increase to around 15% if calculated based on average cost [3][4]. Asset Composition - The asset structure is clearly defined, with over 25% allocated to a consulting team that automatically adjusts positions and executes rebalancing strategies, saving time on individual stock and fund research [4]. - Index funds (such as Nasdaq and S&P 500) and tool-based products (like gold ETFs) are used as satellite investments for clear asset supplementation [4]. - 26.6% of assets are allocated to experimenting with new strategies, which helps control overall risk while reducing the frequency of daily operations, emphasizing the importance of stability over excessive returns [4].
方向对了,就不怕路远~
银行螺丝钉· 2025-06-25 14:46
Core Viewpoint - The article emphasizes the importance of major life decisions, such as the college entrance examination, in shaping one's future trajectory and career path [2][6][25]. Group 1: Life Decisions - Major life decisions, including the college entrance examination, career choices, and personal relationships, can significantly alter one's life path [3][4][5]. - The college entrance examination is highlighted as a pivotal opportunity for changing one's life trajectory [6]. Group 2: Personal Journey - The author describes their background as a "small-town test-taker," detailing a disciplined study routine during high school [7]. - The decision to attend university in Beijing was based on the belief that it would offer more opportunities [8]. - Despite achieving good exam results, the author was uncertain about their future career during university [10]. Group 3: Career Development - The author studied physics in university, which, while not directly related to their eventual career, helped develop logical thinking skills [12]. - After graduation, the author worked in a stable banking job but found it uninteresting [14][15]. - A transition to independent investing occurred, leading to a role as a chief investment advisor and portfolio manager [18]. Group 4: Finding Passion - The author emphasizes the importance of discovering personal interests and pursuing a career aligned with those interests [21][26]. - The article suggests that finding a direction with growth potential and solvable problems is crucial for long-term success [26][27]. Group 5: Continuous Effort - The author expresses a commitment to the investment field, indicating plans to continue efforts in this area for decades [22]. - The message encourages individuals to strive for their goals and not to leave regrets, highlighting the concept of infinite possibilities in life [23][24].
如何给投资者稳稳的幸福?从“收益竞技”到“风险适配”,加大这些基金的创设力度
券商中国· 2025-06-09 04:00
Core Viewpoint - The article emphasizes the need for the public fund industry in China to enhance investor experience and satisfaction through the development of low-volatility and asset allocation products, as highlighted in the recent regulatory action plan by the China Securities Regulatory Commission [1][4]. Group 1: Current Challenges in the Fund Industry - The public fund industry faces a contradiction between rapid growth and poor investor experience, with many funds focusing on high-volatility strategies that ultimately lead to significant losses for investors [2][3]. - Since 2021, the CSI Equity Fund Index has experienced a maximum drawdown exceeding 40%, indicating the risks associated with high-volatility equity products [2]. - Investors are increasingly seeking stable returns and manageable volatility, as traditional fixed-income products fail to meet their wealth growth needs [3]. Group 2: Regulatory Response and Strategic Direction - The regulatory action plan aims to address investor demands for stable returns and better holding experiences, positioning "enhancing investor satisfaction" as a core measure of high-quality development [4]. - The plan includes increasing the creation of low-volatility products and asset allocation products as key initiatives to optimize product supply [4][6]. Group 3: Product Types and Market Potential - Low-volatility products include fixed income plus funds, convertible bond funds, and absolute return strategy funds, while asset allocation products encompass fund of funds (FOF), manager of managers (MOM), and target date funds [5][6]. - The market for low-volatility and asset allocation products is expected to recover, with FOF total scale surpassing 150 billion yuan by the end of Q1 2025 [5]. Group 4: Innovation and Development Strategies - To meet market demands, the industry must innovate in product design, utilizing artificial intelligence, introducing derivatives, and expanding cross-border asset allocation [1][11]. - Proposed innovations include AI-driven dynamic asset allocation strategies, quantitative fixed income products, and ESG-focused stable return products [12][13][14]. Group 5: Challenges in Product Creation - The industry faces challenges such as mismatched product design with market needs, severe product homogeneity, and insufficient research capabilities among fund companies [8][9]. - Investor education is crucial, as many investors lack understanding of the characteristics and risk-return profiles of low-volatility and asset allocation products, leading to poor investment decisions [10].
每日钉一下(为什么说分散配置,是投资中“免费的午餐”?)
银行螺丝钉· 2025-04-15 13:35
文 | 银行螺丝钉 (转载请注明出处) 过去几年,人民币债券是一轮小牛市。 到了2024年,长期债券在上涨后,波动也逐渐变大。 很多朋友都会关心: 这里为大家准备了一门限时免费的课程,详细介绍了债券指数基金的相关问题。 长按识别下方二维码,添加@课程小助手,回复「 债券基金 」即可领取~ ◆◆◆ · 债券基金的收益和风险,有哪些特点? · 为何普通投资者,更适合投资债券指数基金? · 当前哪些债券指数基金,投资价值较高? 风险,投资者可能也会损失惨重。 这点在股票基金上也成立。 比如,分散配置中证A500和中证红利(各 自比例为50%),并且每年再平衡一次, 相比沪深300,收益要更高,波动风险也 更小一些。 也就是说,分散配置+再平衡,会得到1+1 >2的效果。 马科维茨也把分散配置,称为是投资中唯 一的免费午餐。 他也因此获得了1990年诺贝尔经济学奖。 马科维茨的理论,也为指数基金的诞生提 供了坚实的理论基础。 马科维茨从这个角度入手开始研究,提出 了「投资组合」理论,也是现代投资中, 最重要的理论之一。 这个理论用一句话概括,就是:分散配 置,可以减少风险。 分散配置一篮子相互独立的股票,可以降 低投 ...