Family Financial Management: Adjusting Our Fund Portfolio

structure fund The significance of combination has long been extensive. Investment It is well known that it can spread risks and allow investors to share the benefits of various funds. Every rational investor should also learn to configure and adjust his own fund portfolio.

　　 Choose your own combination style.

No investment in Huaxia Fund Conduct financial transactions Mr. Wang did not know his fund management was messy before he analyzed the fund's investment situation. He confessed that he did not understand the risks, and that when he bought the fund, he had a strong randomness.

It is just when the Huaxia Fund Beijing Chongwen investment and financing center holds a financial lecture. The financial planner introduces the necessity of portfolio investment for investors here, and how investors can build suitable fund portfolios according to their own risk tolerance. After listening to Mr. Wang himself, he found that his fund "basket" did not match the actual demand. Most of the funds purchased by Mr. Wang are money market funds and bond funds, while those with high risk such as partial equity funds account for only 30% of the funds. This shows that his fund portfolio is relatively conservative. However, Mr. Wang feels that he can take on greater risks and expect higher returns. Mr. Wang, 38, is in a period of steady increase in career income. He can grow into a more aggressive investor from objective conditions and subjective intentions.

Huaxia Fund's financial planner analyzed Mr. Wang's fund composition and demand expectations, and found that the combination style between robust and radical is more suitable for him: it is recommended to redeem money market funds, and only keep bond funds for long-term holding. Bond funds should account for 40% of all fund portfolios. At the same time, equity funds such as equity funds and mixed funds should be purchased, accounting for 60% of the total funds.

This is what happened in July 2010. Before adjusting, Mr. Wang's 100 thousand yuan fund was in a deficit of 3%. After adjusting, it just caught up with a round of market adjustment, and the stock market bottomed out. By the end of October 2010, Mr. Wang's adjusted portfolio brought him 8%~9% profits. If it is not adjusted, Mr. Wang will certainly be able to benefit from this rally, but the adjustment will enable him to better share the gains from this round of gains.

　　 Adjust your investment according to the market

In the Huaxia Fund Beijing Chongwen financial center, Mr. Liu is basically the audience who must attend every lecture. He wants to know when to buy the fund more appropriately. He wants to get the basic basis for the timing of fund investment.

"How to choose time is a matter of concern to customers. If held at a high point, it will be easy to lose money later. So when to buy and when to change is a matter of attention. It is suggested that investors should focus on the overall valuation of the market and buy high-risk investment and financial products at a reasonable market valuation and hold them for a long time. Huaxia Fund Investment Management Center financial planner said.

In practice, financial advisor recommends that Mr. Liu adopt P E. Usually, the high price to earnings ratio of stocks makes the price deviate from the value. That is, the lower the P / E ratio is, the more investment the stock has, and vice versa, the smaller the investment value of the stock. Then, when the P / E ratio is low, stock assets should be increased. When the P / E ratio is higher, the stock assets should be reduced. The details are as follows:

When P E is relatively high, the risk is relatively high. At this time, it is suggested to gradually reduce the proportion of mixed and equity funds and raise the proportion of bond funds. For example, in September 2007, the average price earnings ratio of Shanghai stock market was more than 60 times, but the subsequent October stock market quickly turned downward after creating a record high of 6124.12 points.

When PE is normal, it is generally a medium risk. Keep the original combination model.

When P E is low, the risk is relatively low. We can gradually increase the proportion of mixed and equity funds and reduce the proportion of bond funds. For example, after October 2007, the stock market fell all the way to more than 1700 points. By December 2008, the average p / E ratios of steel, coal, plastics and other stock sectors were less than 10 times, or very low, but in the following 2009, the Shanghai composite index increased 79.98% over the whole year.

I believe that with the maturity of China's securities market and the implementation of stock index futures, the price earnings ratio will also fluctuate in the normal range, and China's securities market will become more mature and stable.