Core Viewpoint - The annual index conference held by Huaxia Fund highlighted the evolution of index investment strategies among ordinary investors, showcasing personal experiences and practical paths to enhance investment returns [1][3]. Group 1: Evolution of Investment Strategies - The investment journey of a seasoned user, Ding Ying, spans over 20 years, transitioning from blind following to active management and diversified asset allocation [3][4]. - The evolution is categorized into three phases: 1. The naive profit phase (2006-2011) where investments were made through bank channels with significant returns [4]. 2. The learning exploration phase (2020-2024) marked by a shift to systematic investment but also experiencing a 40% loss due to blind dollar-cost averaging [4]. 3. The awakening phase (2024-present) focusing on active allocation and dynamic balance, leading to successful recovery and profit from previous losses [4]. Group 2: Core Investment Strategies - The investment philosophy emphasizes contrarian timing, advocating for buying undervalued assets and selling when popular assets become overcrowded [5][6]. - A strict risk control measure is implemented, limiting commodity assets to 5% of the total portfolio to maintain the ability to average down during downturns [6]. - The strategy includes dynamic balance management, prioritizing negatively correlated assets to reduce overall portfolio volatility [7]. Group 3: Lessons Learned - The experience underscores that dollar-cost averaging is not a foolproof strategy, especially in declining markets, necessitating trend analysis before investing [8]. - Awareness of market sentiment is crucial; when certain funds are heavily promoted, it may signal a market peak, prompting a reduction in exposure [9]. - The understanding of bond investments has evolved, recognizing that not all bonds are safe, particularly those with equity-like characteristics [10]. Group 4: Key Takeaways for Investors - Awareness is essential to combat emotional trading driven by greed and fear, with a recommendation to document reasons for each trade [11][12]. - Position sizing is critical, advising against using essential funds for investment and maintaining a conservative approach to risk [12]. - Continuous learning is vital for investment success, transitioning from mere participation to developing a comprehensive investment framework [12][13].

以下文章来源于二鸟说 ，作者二鸟说 二鸟说 . 专注于基金投资，秉承长期投资，价值投资，稳健投资的原则，合理进行大类资产配置，科学的择基， 适当择时，实现资产长期稳健增值。 纵观投资历史，每一轮牛熊交替都是一次财富的重新洗牌。唯有深谙攻守之道的投资者，才能在 惊涛骇浪中稳住航向，做到少亏多赚，让财富在岁月的沉淀中稳步增长。股神巴菲特就是最好的 例证，他在美股多轮牛熊轮回中进行了成功的攻守切换，实现财富的跨越式增长，比如2007年伯 克希尔.哈撒韦账上积累了400多亿美元的现金，2008年全球金融危机爆发后大量股票跌成了白菜 价，巴菲特果断出手扫货，危机过后赚的盆满钵满。 因此在充满不确定性的投资征途上，学会攻守平衡，让防守型资产成为投资组合中的"定海神 针"，才能在市场的潮起潮落中，持续积累财富。下面为大家介绍五种避险资产，供参考。 一、什么是资产的"防御性"？ 根据资产风险的高低，可以把资产分成两类：一类是风险资产，指随市场波动价格涨跌幅度较大的 资产。一类是避险资产，指在市场剧烈波动中，内在价值有望保持稳定、价格波动较小或者具有抗 跌性的资产。 避险资产在组合中可以起到两大基本作用。一是降低组合波动。当风 ...

纵观投资历史，每一轮牛熊交替都是一次财富的重新洗牌。唯有深谙攻守之道的投资者，才能在 惊涛骇浪中稳住航向，做到少亏多赚，让财富在岁月的沉淀中稳步增长。股神巴菲特就是最好的 例证，他在美股多轮牛熊轮回中进行了成功的攻守切换，实现财富的跨越式增长，比如2007年伯 克希尔.哈撒韦账上积累了400多亿美元的现金，2008年全球金融危机爆发后大量股票跌成了白菜 价，巴菲特果断出手扫货，危机过后赚的盆满钵满。 以下文章来源于二鸟说 ，作者二鸟说 二鸟说 . 专注于基金投资，秉承长期投资，价值投资，稳健投资的原则，合理进行大类资产配置，科学的择基， 适当择时，实现资产长期稳健增值。 攻守平衡，让防守型资产成为组合的"定海神针" 在风云变幻的资本市场中，进攻与防守如同硬币的两面，缺一不可。当"黑天鹅"在天空盘旋，"灰 犀牛"在暗处蛰伏，地缘冲突中硝烟弥漫，那些看似"保守"的避险资产，实则是投资者手中的"诺 亚方舟"。避险资产凭借与风险资产的低相关性以及穿越周期的稳定性，如同坚固的盾牌，为投资 组合筑起防护墙，守护着投资者的资产安全。 因此在充满不确定性的投资征途上，学会攻守平衡，让防守型资产成为投资组合中的"定海神 针"， ...