Let’s look at the market first.
Last night the U.S. stock market collapsed again, the Nasdaq fell 4 , Tesla fell 15 , this wave has been more than a waist cut.
A while ago when the high, I repeatedly reminded many times, the United States stocks are more risky, the risk-return ratio is not good, fall or not, when to fall, not good to predict, but the cost-effective has been not very good.
The main logic of the previous talk is that, for example, over the past 20 years, the annualized return of the Nasdaq index is 15 , but the past few years each year rose in more than 25, short-term all aspects are pulled to the limit, the need for mean reversion.
Coupled with his own hollowing out of the manufacturing industry and extreme polarization of society, plus comrade Jianguo from all sorts of nonsense, it is easy to trigger a crash.
Buffett’s risk evaluation indicators, observe the relationship between total market capitalization and GDP, are also speculated to the limit, so the old Ba cash ratio reached a new high, and reduce the position of Apple, replaced with Occidental Petroleum and other low valuation Partial dividend companies, the whole is to do defense.
Now that the U.S. stock market has fallen a wave, I think we can continue to closely observe, and the only thing left on the table is China and the United States, and when the time is right, we can still allocate a portion of it appropriately.
At present, the big A and Hong Kong stocks, is still in a relatively strong state, which if placed in the past, the periphery of a little wind blowing grass, our side directly on the knees, is now a low open high, and ultimately turned red.
At present the whole narrative logic is the east rises and falls in the west, now believe more people.
For the time being, we should still do more Chinese high-quality company equity assets, the global comparison, still has a comparative advantage of high-quality assets, and is much cheaper than overseas worse assets.
2025 3 12 Live Action Plan I continue to hold long positions in the following funds.
1, Xinghua Intelligent Selection Growth FOF Fund A hybrid equity-biased FOF with an equity fund position between 60 95. Class A code 023007, class C code 023008. holding time within 6 months, holding class C comprehensive rate is lower, holding time more than 6 months, holding class A comprehensive rate is lower. I am holding part Class A and part Class C. The net value of 2 days ago is disclosed every night, Alipay, Jingdong Financial, Tencent Wealth Management and Daily Fund are online.
Xinghua Wise Choice NAV updated to last Friday, the day CSI 300 fell 0 31 , CSI 500 fell 0 56 , Xinghua Wise Choice rose 0 08 , or more resistant to fall.
2, surplus rice fund a dream home fund fixed investment 1. Equity products, high risk and high volatility, value growth style, a key to configure a basket of underestimated Chinese quality core assets, more than 9 p.m. each night to disclose the net value of the day.
II Co-Win Quantitative 1. Flexible weekly dispatch, allocation of the best cost-effective products at the moment
III Flowering Moon Extremely low-risk products, 80 Currency funds 20 Bond funds
Today, Dreamer went up 0 35 , Win-Win Quantitative went up 0 34 , a small profit.
In the near future, the weekly free money is still mainly to buy flowers and moonlight and win-win quantitative.
Winning quantitative car today, or automatically follow the investment, mainly with 28 domestic stock funds, 28 short-duration U.S. bond funds to eat interest, the rest are domestic short and medium-term debt defense. The combination of this week’s car is still the idea of stability.
The previous liquidation of the domestic long bond, the gold content is still rising, the two days long bond and jumped.
So far this year, win-win quantitative outperformed the index with lower retracement and volatility, which equates to higher returns with less risk.
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3, Huabao securities money tree a drip through the stone stock-type products. Deep value style.
II Steady Global Bond. Global pure bond fund investment portfolio. Specifically, you can search Jingdong Financial APP Shaking Money Tree
4, Tongtai Active Allocation FOF The code of each platform is C class 016317.
Domestic long bonds fell hemp again today.
Both Pre-Stable and Win-Win Quantitative liquidated their positions in domestic long bonds near the highest point.
I have also repeatedly hinted at the risk of the bond market at the previous highs.
Many people feel that the past two years bonds rose well, linear extrapolation, think the future will also be able to earn a few points per year without risk without volatility.
In fact, it is not.
The last two years have been a bond bull market, making money mostly on price increases because interest rates were going all the way down.
Now once the economy stabilizes, interest rates won’t move down, and once they do, bonds are plummeting.
And now the interest rate level is low, continue to go down the space is very small.
The second risk point lies in the big A, I said earlier, the probability of turning from a bear to a bull is relatively large, once a sustained rise, will attract a lot of money to throw bonds to chase stocks, stocks and bonds have a seesaw effect.
Steady in the recent bond market crash, the performance is still relatively robust.
Looking at the announcement today to see a more interesting.
Do waterproof coatings the largest company Oriental Rainbow, bought a house partners have used his products, before the annual net profit can be two or three billion it, good times more than 4 billion, last year’s net profit shrunk to 108 million, but the company put the money on the books basically have to take out to do dividends.
The main reason for the plummeting performance is that this company in the past is mainly with some real estate developers, in the development of new buildings to do waterproofing, the result is more pitched by the Evergrande and so on, a lot of engineering money to come back, and then I see that he wants to come back to the value of more than 1.8 billion of the house.
Too bad, these crappy houses may be what city what lot, said it is worth 1.8 billion, really want to go to sell, at least a few years to be able to sell it, and can sell a few hundred million would be good.
Who would have thought that one day, the house is used to offset the debt is also disliked.
Then why this time to engage in a large amount of dividends, is that the company said that they do not want to engage in the future for real estate developers this TOB model, the future is mainly for consumers TOC model, the hands do not have to hoard so much cash, in the past are to be advances.
Today, the last or to give you a few pictures.
Yesterday, Jianguo made some statements, mainly praising our village, meaning that our planning is all 100-year vision, they are quarterly.
Because of the recent plunge in US stocks, Jianguo also mouths off to save Tesla today, so there’s no chance that it could bounce back a bit in the short term.
Global multi-asset allocation through public funds. For the vast majority of people, it is more suitable to take a heavy position in low-risk products such as currency funds bond funds, and a small allocation of equity funds can be. For people with a higher risk appetite, who are not afraid of losing money and retracement For those who are not afraid of retracement, you can appropriately allocate a certain percentage of equity funds according to your own tolerance.
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