The laughter was so rampant a year ago, how sad I would cry after the year.
According to statistics, as of February 24, the net value of the China Merchants China Securities Liquor Index in the star fund is estimated to fall by 5.88%, the net value of CEIBS Healthcare C is estimated to fall by 4.32%, and the net value of E Fund Blue Chip Select is estimated to fall by 3.78%.
In the past week after the Spring Festival, the fund has frequently appeared on the hot search list of Weibo, and the reasons behind it are all related to the sharp drop in net worth. On various social platforms, countless “friends” are discussing how to invest further, whether it is the current low of the stock market, whether to buy bottoms, and whether to cut meat.
The high returns of the fund in the past two years have attracted many young people. According to data from China Gold.com, 60% of shareholders will make a profit in 2021 and only 26% will lose money. The past two years have been the third wave of funds in the history of China.
Among the new investors born in 2020, the post-90s and post-00s accounted for 38%. These more courageous and decisive young people succeeded in bringing the total issuance of public funds to 300 million yuan last year, an increase of over 37% year-on-year, setting a new record.
During the Spring Festival, the fund was closed, but there was a “blind date” in the fund commentary area. Everyone showed their own income to prove their competitive strength. Who could have imagined that each of these wild investment experts would disappear after the year.
This microscopic story tells a group of ordinary people who play funds, among them:
Some people insist on long-term investment, holding a fund for the longest period of 14 years. They don’t believe in market sentiment and public opinion, and prefer to believe in the power of time;
Some people are born after 00 and enter the market with the education fund invested by their parents when they were born, and they clamor with their parents to earn 50% within a year. As a result, the stock had just dropped by 70 cents, he felt that it had “reduced” and covered his entire position. As a result, he has been losing money until now;
Some people followed the recommendation of a colleague of the “Wild Fund Master”, followed a wave of liquor and medical funds, and never spoke to that colleague again after the year;
Others sold their houses to buy funds, and ended up losing money to the point that they could no longer afford to buy a house, and had to rent a house after middle age.
When it rose sharply, the stock gods were everywhere. When it fell, everyone said that they were a value investment.
In the investment market, there is an unchanging truth, “You will never make money beyond your knowledge.”
In this fall in the fund, we have also learned that you will always lose money within the scope of your cognition.
The following is the true story about them:
Text ｜ Macondo, Tangshan, Chen Anan, Shi Jiaxiang
Edit | Chang Xin
The longest fund held for 14 years
“I don’t sell a house or my children go to school. I would rather borrow a 30% annual interest loan from my friends.”
Chen Bin Staff 55 years old Base age 16 years
I started playing funds in 2005. Now these young people are too excited to make a little profit or lose a little. I just want to say that this kind of people can’t make much money in the first place.
In 2005, when I went to the bank to deposit money, I was recommended by the teller to buy a wealth-collecting product, which is now a fund. That product comes from a securities company, and the business hall is only 500 meters away from my home and the bank, but the bank adds a 1% handling fee to it.
Funds were still a relatively new concept in everyone’s eyes. Compared to buying bank funds, many people were more willing to believe in their luck and were willing to buy stocks directly.
I have a colleague whose family works in a bank, but he said seriously,
This thing will make money.
He himself bought a fund of about 100,000 yuan, and on his recommendation, I bought 50,000 yuan.
Unexpectedly, I made 70% in that year and another 30% in the second year. The combined total made more than 80,000 yuan. However, this fund has a two-year period and cannot be sold at will.
However, when I redeem it in the second year, I learned that the original financial contract stated that the profit exceeded a certain percentage, and the bank would appropriately deduct a portion of the commission.
Only then did I really start to study the terms of the fund’s handling fees, rebates, etc., and since then embarked on the long-term path of buying funds.
I currently have two funds that I have held for more than 14 years, one of which is 4 times profitable and the other 7 times profitable. In total, my annual income has reached 30%-40%.
Putting this money in the bank will definitely not make so much.
In the past 14 years, I have been short of money many times, but no matter how difficult it is, I have not withdrawn this fund. For example, when buying a house or studying abroad with my children, I try to borrow money from my friends at the highest annual interest rate of 30%.
After all, it can’t solve too many problems if it moves.
And as long as you throw it, you can never make it back.
Many people now buy funds based on the industry and the basic market, but I never study these.
You think, if you buy a fund and fast in and out, it seems that you make money and stop the loss, but if you calculate the handling fee, it is all in vain.
Besides, a fund needs to buy at least 10 stocks. How can ordinary people look at so many stocks?
Nowadays, fund managers use artificial intelligence to watch the market. Based on our personal experience, how can we beat them?
If you start to play funds, you have to know how to let go-this itself is used by ordinary people to manage their spare money.
But you don’t want to make a lot of money through the fund.
Buffett and Lynch are so good, with an average annual rate of return of only 20%. This is very good. If you invest 2 million yuan, you will have 400,000 yuan of income a year, which is already more cost-effective than going to work. What are you thinking about?
Most of my friends who entered the market with me at the time have resigned now and are trading stocks and playing funds full-time, but if I don’t do this, the risk is too great.
2007 was a bull market in the stock market, when the index had reached around 6000 points.
A colleague of mine is a student of economics. He predicted that the stock market would rise to 8,000 points.
He sold all his house for investment, and he also influenced his colleagues to increase their positions together.
As a result, on October 16, 2007, the stock index was cut in half and dropped to 1,600 points the following year.
Sadly, on the eve of Beijing’s rising housing prices in 2007, Tiantongyuan could buy one square meter for 6000 yuan at that time. By 2008, Tiantongyuan had risen to more than 12,000 yuan per square meter.
My colleague even sold the house at the time and had to rent a house, but the house price kept rising.
He wants to buy a house anymore, but he can’t afford it anymore, and now he pays five to six thousand yuan a month in rent.
We are all very worried. If one day he retires with so much rent, what should he do?
Fortunately, his wife’s job is relatively stable, and it can be regarded as no extreme situation. He lost so much because the main funds were invested in the stock market.
I was holding a few funds in my hand at the time, but I hardly felt anything about this “cut in half”.
Funds are not like the stock market. The ups and downs are not obvious, and there are not so many tales of joys and sorrows.
The fund rose very sharply last year, because the year before and the year before the new year were relatively depressing. Many people I knew the year before felt that they didn’t make money and they quit. They have not experienced the “half-cut” test in the stock market in 2007. They were too blind when investing. Whoever makes money will follow whoever makes money. If they don’t make money, they will immediately throw away. But the world How can there be a reason to only make money and not lose money?
In fact, at the beginning of this year, almost all fund managers used WeChat to remind everyone that this year’s income will be greatly reduced compared to last year, but no one is willing to believe it, and people can’t put it too plainly.
But you see, Tuan Bao is too big, the total capital of a liquor stock is more than that of many countries.
In terms of GDP, it is enough to be a world power, how can this group not break up?
This round of funds plummeted, and I probably lost nearly 100,000 yuan, but I didn’t sell it and didn’t pay much attention to such news, because some of the funds I bought were still rising.
Many people predict that the fund will plummet in the second half of the year, but what does this have to do with me? I only do long-term, and it’s enough to watch the market once a month. I don’t sell anyway.
I lost the education money my parents bought me
“18.7 fell to 18 yuan, I think it’s the end, the whole position fell, but the mother did not recognize it.”
Yao Zhuoxun is 20 years old. Time to market: February 13, 2020. Yield: -7%
I am 20 years old this year, new leek after 00.
I opened an account this winter vacation and became a novice investor. Following the direction of the market, I bought the most popular northern rare earths at the time. At first I only bought one lot, but after a while after I bought it, it dropped from 18.7 to 18.0.
My instinct tells me that I can buy the bottom.
I didn’t hold back the temptation, I ran out of savings and bought it all.
At that time, I was almost in hell on earth. No matter what time I stayed up late at night, I would wake up naturally at 9 o’clock the next morning and stare at the opening price at 9:25.
I think of it when I study, and when I eat, I even think about it when I play games, and the idea of ”Will the market turn green again?”
Sometimes the curve of stocks fluctuates a lot,
The loss is so much that I can’t eat for a whole day.
Fortunately, the night before New Year’s Eve, I made nearly 900 yuan thanks to the popularity of the market. I sold all the stocks promptly, which was a small profit.
Chart | Stock returns at the beginning of the year
Years later, I found that my friends around me were discussing funds and discussing “income after bedtime”. It seemed that they would not be able to keep up with the trend if they didn’t buy funds.
All my algorithm apps keep pushing me information about the fund.
As a small leek, I was naturally moved.
I thought to myself that I could handle the stocks, but what’s the point of a small fund?
My family’s financial management method is the most traditional savings, and the only financial management method is to buy gold and time deposits. In my opinion, this kind of financial management can’t even run away from inflation, and it will dissipate the value of money in vain.
In order to obtain more start-up funds, I tried to persuade my parents to take out the participating insurance that I bought.
After a dispute and my “reasonable” calculations, my parents gave in and gave me 50,000 yuan to buy a fund. I promised them that the rate of return this year would reach 50%.
They smiled and said nothing.
So, like all fund novices, through the software of Zhihu and Station B, I went to see the recommendations of the big Vs. Without the slightest logic of my own judgment, I bought liquor and medical care, and followed Zhang Kun and Ge Lan. .
After a few days of rising, I suffered a big drop. I called it “hedging risk”, and then I bought new energy, GEM, food, non-ferrous metals…
I keep in mind the phrase “you can’t put eggs in the same basket”,
But I didn’t expect that the stock market that opened this year directly smashed my basket.
Later, I wanted to understand, where am I buying other funds to hedge risks.
I just feel that I have lost too much money, and I want to buy some other fund profits to make the funds in my account look better.
Fortunately, I don’t buy much from each fund, and the money I lost is still within my tolerance. Now I just spend my savings and don’t have the money from all in my parents.
Figure | My fund’s return rate after the year
I now look back at my series of operations and realize that I actually didn’t learn anything.
The money I made with luck at the beginning was also lost by my strength, and even started to lose money.
I saw a fund recommended by a post, and I bought it without even reading the reason for the recommendation.
As long as it is a person, I will treat him as Buffett, and I hope he will tell me the code of the fund directly, and I will buy it immediately.
Seeing a rising fund, I couldn’t control my own hands. When the market resumed at night, I discovered that I had bought a lot of funds in overlapping areas.
Chart | My fund return on February 26
Recently, even though my mother has already “declined”, my mentality is much better than before.
After all, as a new leek, how can it grow without being cut? Kun Kun is a man, not a god, and he alone can’t save us young leeks.
But in the long run, I firmly believe that the era of “savings is king” has become the past tense, and the future track is funded and other financial management tools.
During the period of losing money, I really patience to learn a lot of knowledge about funds, and I also understand that investment is not used to get rich overnight, but to preserve and appreciate in value and outperform inflation.
Don’t rush to call us “day-dreamers” after 00. When we experience the bloodbath of the stock market, pay the tuition fees that should be paid, and think about this round of hot money, the era of our financial management will come.
At that time, it will be our turn to harvest the next crop of leeks.
The stock market is risky, and investment needs to be cautious. Funds run into inflation and can only make profits in the long term.
“Simple wisdom” got me covered by 50,000 yuan in 2 months
“He said that ordinary people don’t need to understand funds at all, and I ended up with a net loss of 14%”
Xiao Liu Male 25 years old Linyi, Shandong Company employee
I have only been in contact with funds for two months. I have never bought any wealth management products before and know almost nothing about stock funds.
This year is my third year of work, and the current monthly income is about 5,000 yuan. After working for 3 years, I have a deposit of 50,000 yuan, but I am not married and I have not bought a house. This deposit is not enough.
There is a 30-year-old brother in our department. He spent 200,000 yuan on a fund in March last year and made 100,000 yuan by the end of the year. I am also a little moved, after all, this income is too scary.
According to the rate of return of the big brother, if I invest 50,000 in, wouldn’t I also make more than 20,000? It can double in two years.
But I didn’t know anything about stock funds, and I didn’t dare to buy it rashly, so I asked my eldest brother about his financial management experience.
My eldest brother told me that his experience is very simple:
“You don’t need to know too much about stocks and funds, you just need some simple wisdom.”
The eldest brother further explained to me what “simple wisdom” is:
“Last year, the global new crown epidemic was so severe, what would it cause? Many people need to treat illnesses, medical resources will be in short supply, and pharmaceutical stocks will rise.”
“The New Year is about to come. What do we Chinese do during the New Year, give gifts to relatives, then can’t carry two bottles of good wine? Can’t eat or drink at relatives’ house? So liquor stocks will definitely rise.”
He also told me that ordinary people don’t need to know much at all. What is a fund?
Funds are when you give your money to professional people to help you buy stocks. You only need to choose a reliable fund.
After listening to my eldest brother’s theory, I was a little confused. It turned out that buying a fund is so simple and analyzing the market is so simple.
Based on the experience taught by my eldest brother and the knowledge learned on the Internet, I focused on the sectors of liquor, medicine, and new energy. After a few days of observation, it was found that the funds in these sectors are indeed gaining momentum.
In December last year, I tried to buy 10,000 yuan and spread it among several funds. After observing for a period of time, I felt that the momentum was good, and they continued to buy.
By the end of January, my 50,000 yuan deposit had all gone into the fund.
During that time, I stared at the market curve every day, watched various related news, participated in various discussions on Weibo and Tieba, analyzed some gossips, and predicted the future direction of the market. Even my dreams were about funds.
In the beginning, those funds performed very well. Although they occasionally fluctuate, the overall increase. By the end of January, the part of funds I bought rose by 30%. I can’t help but fantasize,
Maybe after two years, I can rely on this investment to pay the down payment for the house.
Unexpectedly, in the second half of February, several of my funds started to fall sharply. The ones I bought in early December were okay, because they had risen so much before and basically still had some profits. But those who bought in January were bought at high points, and they fell very badly, probably by about 14%.
Reprint indicated source：Shine Trader Limited Live information