This year, Public Offering of Fund continued the momentum of "buying stocks is not as good as buying stocks" and gained considerable profits. Many citizens accidentally fell into the big "pit" of investment. Look at these pits below. Do you know each other? Bian Xiao sorted out the "pits" that we accidentally fell down here for your reference. I hope everyone will gain something in the reading process!
"Getting out of trouble" in panic
On the first trading day after the Spring Festival in 2020, A shares that took the lead in "returning to work" looked green: the Shanghai Composite Index fell by 8.7%, the Shenzhen Component Index fell by 9. 13%, and the Growth Enterprise Market Index fell by 8.23%? The screen is full of green, and more than 3,000 stocks in Shanghai and Shenzhen stock markets have fallen. (Option, February 3, 2020)
The citizens are also afraid of themselves, and some simply "run first for respect"!
However, when everyone is speculating how many points the "epidemic" will hit A shares, A shares have ushered in a wave of "deep V" rebound. It took only three trading days for the GEM index to recover the lost ground of the epidemic and hit a new high. The basic people who cut the meat and redeemed it before have a high probability of regret.
summary
"The market is always born in despair, grows with a grain of salt, matures with desire, and destroys with hope." John templeton, a master of reverse investment, is a classic sentence.
There is never a shortage of black swans in the market. In the face of sudden risk events, human nature tends to continue the short-term trend and overestimate the impact of an event, while collective irrational behavior will further aggravate the "excessive panic" of the market and make this impact last longer.
Investment is an anti-human thing, and fund investment should also learn to think reversely, think independently and represent emotions with objective analysis. From the historical experience, every short-term violent fluctuation will eventually return to the normal long-term development track; The plunge under the influence of short-term emotions often provides opportunities to buy high-quality targets at low prices.
You can never step on the real "bottom" and "top" of the market.
In March 2020, the global financial market experienced a "dark moment". The US stock market staged a "fuse" market after 23 years, and it was blown four times in ten days. Even Warren Buffett bluntly said: "I have lived for 89 years and have never seen such a scene."
A shares also ended their rebound since February, following the global plunge pattern. For the basic people, what is worse than "perfect" missing the February market is to buy at a high level in early March.
summary
Have you ever heard of the "queue curse"-pushing a shopping cart to the seemingly fastest team, only to regret it two minutes later, and just gnashing your teeth and changing teams, the original team began to move forward? Going back and forth like this, you will never stand on the right team.
In investment, everyone is trying to choose the right time to enter the market. It is undeniable that in the volatile A-share market, the correct timing can contribute a lot of benefits, but it is very difficult to do this. Just like the "queue curse", investors often encounter more "buy and fall, sell and rise", and never step on the opportunity to enter the market.
In fact, the timing of investment is not as important as imagined. Both retail investors and institutional investors have negative timing returns, but institutional investors still get considerable overall returns through stock selection.
As Buffett said: "Don't keep an eye on the market. If investors always look at the stocks they buy, they will be uneasy if they fall a little, and they will sell if they rise, then they will never make money. " What really makes us make money is to choose good fund products and good fund managers to create "stock selection income" for us. Of course, sometimes we have to be patient enough to watch it cross the market and wait for the rose of time.
The bull market is used to harm people.
In July, A-shares triumphed all the way, and the Shanghai Composite Index rose by 16.55438+0% in eight trading days, and a large number of investors entered the market by running. The fund issuance market has also attracted a large number of citizens to actively participate. Statistics show that in July, the number and total share of funds issued were 192 and 798.233 billion respectively, both the highest in the year. (source: Choice)
However, on July 14, the mad cow market came to an abrupt end, and the three major stock indexes of A shares were adjusted across the board. For investors who entered the market in early July, the following market conditions did not bring them the expected income. The data shows that during the period from July of 14 to August of 13, the average returns of common stock funds and partial stock hybrid funds were -2.32% and-1.98% respectively.
summary
Graham, an investment guru, famously said, "The bull market is the main reason for the losses of ordinary investors".
Why? Bear market, everyone knows that the market is not good, and it is customary to put risk control in the first place. Bull market is easy to make money, which leads to the illusion that "everyone is a stock god". The awareness of risk control is weak and the use of leverage is increasing. If you are not careful, you will lose a lot of money.
"Investment is risky" is a common saying of investors, but it is easy to ignore its importance. Especially in the period of market boom, risks are often hidden and difficult for investors to detect. The most dangerous thing about investing is the lack of awareness of avoiding risks. In investment, investors should always remember that it is risk control rather than rashness that runs through the long-term investment road.
"Take a chance, bicycle becomes motorcycle"
In 2020, A-share hotspots switch frequently, and every month seems to have different investment mainlines, such as 1 month to buy technology, March to buy agriculture, forestry, animal husbandry and fishery, May to buy consumption, July to buy military industry, September to buy new energy,1/month to buy colored? Many basic people chase market hotspots to buy bases and operate frequently. So chasing hot spots to buy a base can really improve the efficiency of making money?
Let's take Shenwan first-class industry index as an example. Suppose we buy the industry index with the best performance in last month at 1 every month, such as 1 in 2020 and 65438+2 in 2009; In February 2020, we bought the electronics industry with the best increase in June 5438+ 10, regardless of the redemption fee, and so on. What about the annual income?
Statistics show that buying the industry with the highest increase last month earned 29.62% for the whole year. This year, the average income of equity funds and hybrid funds has exceeded 35%! It is really "an operation is as fierce as a tiger, and at first glance, the benefits are like soil"!
It can be seen that the basic people frequently change their bases after chasing market hotspots every month, and the final investment income may not be as good as buying a fund to hold.
summary
A-share hotspots are frequent, and the increase of each hotspot can indeed bring considerable benefits. But this kind of income is not "chased", but it takes a lot of time and energy to study deeply in order to seize the opportunity.
Many citizens follow the trend of buying basics, which is a kind of "casino thinking"-"take a gamble and turn a bicycle into a motorcycle", that is, pin the expectation of income on luck instead of trying to improve the investment level. You know, changing funds frequently with hot spots is not low in investment cost.
For most citizens, it is difficult to spend time and energy on in-depth research on hot spots, and it is also difficult to grasp the market rhythm of hot spots. Instead of blindly chasing hot spots in the short term, it is better to entrust excellent fund managers and choose a good track with high long-term certainty to hold for a long time.
Have any citizens been shot in the "four pits" invested in 2020?
One cannot step into the same river twice. 202 1 is about to open, I hope boys will not repeat these "mistakes" ~
Fund-related articles:
★ Buy a fund and choose a fund.
★ Four common ways to buy funds
★ Three misunderstandings of fund investment
★ What are the characteristics of short-term financial management funds?
★ What is the principle of fund valuation?
★202 1 Why did the fund fall?
★ Market analysis
★ Interpretation of Basic Foreign Exchange Knowledge
★ Experience of stock investment celebrities