The biggest gain in 2022 is learning to share.
From the end of 2021, I began to share my real investment experience and insights on the Xueqiu platform. By December 31, 2022, I will post a total of 134 long articles, of which 124 long articles will be published in 2022, with an average of about 3 days.
Learn by investing, share by learning, grow by sharing, and gain by sharing.
1. Sharing can enhance your investment confidence
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From November to December 2021, the two funds “Cathay Pacific CES Semiconductor ETF Connection A” and “E Fund Consumer Industry Stock” that have held positions for 2 years and achieved good returns will be converted into “GF Multi-Strategy Mixed” funds that have been studied for a long time .
2021 is a structured market, and investment returns are not satisfactory, so at the end of the year, a lot of adjustments and liquidations were made, and some new funds were purchased, but I was worried about whether the direction was correct. This is also one of the reasons for sharing investment experience on Xueqiu from the end of 2021.
On January 12, 2022, Xueqiu posted the first analysis article ” Lin Yingrui and his “Dilemma Reversal Strategy” ” that he thought was relatively complete and decent, which was recommended by Xueqiu’s “Hot Post”, as well as the general public. Positive feedback from golfers. Hundreds of thousands of readings are like a shot in the arm for me, who has just started to share my investment experience, and my confidence has greatly increased; and a sentence from a senior fund researcher @红星菜馆, ” Recommended reading, reverse, and reversal of difficulties are in essence It is the mean regression strategy of the main alpha of value factor contribution “, which strengthened my confidence in Lin Yingrui’s GF multi-strategy fund; this affirmation was very important to me at the time.
On March 11, 2022, I published a long article ” Analysis of Lin Yingrui’s “Dilemma Reversal Strategy” Evolution 3.0 ” to share my experience with you.
Lin Yingrui’s GF multi-strategy has also become one of the few funds with the best return on a single fund and one of the few positive return funds in 2022.
Looking in the rearview mirror, this rebalancing is very timely and correct, which not only preserves the income of the original two funds, but also guarantees subsequent investment returns.
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In the past few years, when I was mainly investing in stocks, the insurance stock Ping An of China has always been my first or second largest holding. However, in 2021, after a year-long decline, the price of Ping An of China has been cut in half, below the cost line; in 2022 At the beginning of the year, I have been hesitant whether to clear it and replace it with a fund, just to speed up the transformation. Just at this time, I participated in Xueqiu’s “Old Siji Hardcore Evaluation” activity, and had the opportunity to calm down to analyze and think carefully about the insurance industry. At the same time, I read several investment research reports and wrote a long article ” Reversal in Difficulties: Bang Zhongzheng Insurance Theme Index Fund (LOF) Evaluation ” (February 24, 2022), so that I have a deeper understanding of the insurance industry and investment targets, retained the position of China Ping An, and at the same time, purchased some Founder Fubon The market shares of the China Securities Insurance Theme Index Fund (LOF) have been increased twice during the period, and the current net value of the fund is 0.767; although looking at it now, it was a bit early to buy at that time, but after the large bottom-buying at the end of October shared the cost, it is currently 0.767. With a floating profit of 12.79%.
2. Sharing can make investment more rational thinking
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The sharing on Xueqiu started from the establishment of the “Ten Years of Love Fund Portfolio”.
In order to obtain higher investment returns and reduce investment risks, fund investment generally builds investment portfolios according to their own ideas, and the uncertainty and unpredictability of the market test the effectiveness of various combinations, so sometimes try Different portfolio methods.
At the beginning of 2022, the author made four solid experimental fund portfolios and shared them with golfers, hoping to bring more perspectives and references for myself and golfers when investing.
” Long Love Portfolio “: Funds that have been managed by the same fund manager for more than 10 years, and the fund manager is still in office, from which ten outstanding funds are selected to form the “Ten Year Long Love Fund Portfolio”. The original intention of making this fund portfolio is “good students who have always had excellent academic performance, the probability of continuing to be excellent in the next exam must be greater than that of bad students.”
” Lost Portfolio “: Select 10 funds with the worst performance (most lost) in the previous year to form a “Lost Fund Portfolio” and look forward to a successful comeback in the coming year. The original intention of making this fund portfolio is: Some experts, scholars, and investors have concluded based on a large number of backtests that these poorly performing funds have a high probability of coming back in the second year.
” Value Portfolio “: Select 12 “value style” funds to form a “value fund portfolio”. The judgment at the time was that value investment will dominate in 2022.
” Investment Advisory Portfolio ” Fund investment consultant certificates are on the job. If the investment consultant really has better returns than your own investment, it saves you worry and effort, why not hire one? try first.
When the group was established early last year, they all posted long articles; the results of the experiment in 2022 also came out:
For details, see the long article ” Four Fund Firm Offer Experimental Portfolios: Overall Performance and Performance PK in 2022 ” on January 6.
At the same time, the article lists the real experimental investment plan for 2023.
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Published on April 29, 2022, the long article ” Find out the “resilience” genes of 8 debt bases, and build a subdivision of the “resistance style” of fixed income + funds “, as of January 7, a total of 8 months The reading volume is 10.852 million . This number is a great affirmation and encouragement to me, an investor who has only more than 3,000 fans so far. Of course, this article was also affirmed and won the first prize in the “Old Siji Hardcore Evaluation” essay competition.
This article is indeed a thought-provoking article.
Proposition composition, from conception, to reading materials, to sorting out data, to writing, took about two days and three nights. It is the longest essay so far, and it also makes me feel the most “growth”. , The most fulfilling one.
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Another thoughtful article was ” Creating a Quantitatively Enhanced Fund Portfolio with All-A Index Without Fear of Volatility ” published on April 18. After the article was published, it received a lot of positive feedback from golfers (31 retweets, 32 comments, 80 likes , 615,000 readings), I have been thinking about it myself and want to put it into practice.
With the arrival of the new year, it is planned to add it to the “real experimental portfolio” in 2023:
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Published on June 21, ” Using On-market Funds (ETF/LOF/RETIS) to Allocation of Five Major Assets ” is also a thoughtful work. Investing in the five major categories of assets is usually not something ordinary investors can do, but only large capital and professional investors can do; the discussion in this article allows ordinary investors to invest in major categories including real estate, commodities, gold, etc. Asset allocation has an additional perspective of thinking;
3. Sharing can make me bolder to buy more excellent funds
Every long article needs to collect and organize a lot of data, summarize and compare data, read regular reports, research reports, and even macro policies before writing; logically organize and think before it can be written;
Therefore, by writing and sharing long articles, you can have a more thorough understanding of funds, industries, and policies, and have a deeper thinking about portfolios, investments, and markets, and you will also have a great impact on your investment level. improve.
Funds purchased after careful analysis and thinking are of higher quality.
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I often tease myself, saying that I ” like to be analyzed by myself “. I often wrote a fund review, turned around and bought it myself, and added it to the portfolio.
This stems from the fact that every article is my own true thoughts and true feelings .
I wrote ” Ten Years of Long-term Love Fund Portfolio “, and then added the ” Nuoan Pioneer Mix A ” that I hadn’t paid attention to before to a regular fund portfolio;
Wrote ” Reversal in Difficulties: Founder Fubon China Securities Insurance Theme Index Fund (LOF) Evaluation “, and bought the ” Insurance Theme LOF ” floor fund within a few days;
Wrote ” Leader of Fund Managers in the Mesozoic Era: How to Make a Fund with a 30% Annualized Return in Five Years?” “I bought Du Yang’s ” ICBC Strategic Transformation Stock A “;
Wrote ” Science and Innovation Information ETF First Release: Looking forward to the “Davis Double-Click” of the Index ” and bought Xinji ” Science and Technology Information ETF “
I wrote “Find those active funds that are “resistant to falling, able to fight through bulls and bears, and comfortable to hold”, and found the 6 funds listed in the article. With the release of ” analysis ” articles one after another, ” New Trends of Chinese Businessmen “, ” Anxin Advantageous Growth “, and ” Huabao Resources Selection ” have been included in the regular fund portfolio one by one. At present, there is only one Jin Zicai whose ” Caitong Momentum Value ” has not been analyzed, but it has been decided to write about it next week and buy it. (The industry configuration of “Qianhai Open Source Core Resources” and “Huabao Resources Selection” are the same, discarded)
Published the article ” High Growth Index ETF Fund with Higher Certainty in the Next 8 Years “, and then bought the newly issued ” GF China Securities Environmental Exchange Carbon Neutral ETF “, and added a position after listing.
Published ” Why is “Jin Yuan Shun An Yuan Qi” a fund suitable for beginners? “On the same day (August 1), the daily subscription of ” Jinyuan Shun’an Yuanqi ” (limited to purchase 50 yuan) was opened, and the purchase was stopped until August 15, and a mere 750 yuan was bought.
Published the article “The only index-enhanced bond fund in the market, and short/medium/long-term outperforms the Shanghai and Shenzhen 300 “, and purchased ” Changsheng Bond Index Enhanced ” one month later.
In the article ” New Choice for Fund Investment: North China 50 Index Fund Launched Quickly “, the newly issued E Fund North China 50 Index and Guangfa North China 50 Index were respectively subscribed and included in two regular fund portfolios.
Published ” Why can I trust 500 quality growth funds for a long time? “, and then bought the on-site ETF fund ” 500 Quality Growth ETF “.
Another three funds, ” Wan Zhongzheng 1000 Index Enhancement “, ” Rongtong Value Growth Mix “, and ” Western Lide State-owned Enterprise Dividend Index Enhancement ” participated in #雪球基金查询团# to listen to the roadshow of fund managers Qiao Liang, Wan Minyuan and Sheng Fengyan, And write a long article to analyze and buy.
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In 2022, Xueqiu @今日调话, including the new version of “Snowball Fund Jury”, organized a total of 31 sessions of “Old Sigma Hardcore Evaluation” activities, and selected a total of 348 excellent funds for investors to evaluate. These excellent funds include almost all types of funds and investment styles . I participated in almost the entire activity and wrote 27 long evaluation articles;
The biggest feature of this evaluation activity is that each issue selects multiple funds for one theme, allowing many participants to collect more information, summarize more data, conduct more analysis, and provide more perspectives . The fund “explained to the world” .
Investors who participate in the evaluation and share long articles can improve their analysis and base selection capabilities, and investors who read the evaluation articles can easily obtain good bases and provide important references for investment; everyone has something to gain and everyone is happy.
The author wrote a long article on April 27 after the end of the tenth phase of the event (11 phases in total including one special edition), ” I already have hundreds of excellent funds in my hand, so why be afraid of missing 3,000 points?” “, at the time of panic when the Shanghai Stock Exchange fell below 3,000 points on April 26, this article summarized and analyzed 138 excellent funds in the eleventh period, to support fund investors;
Nowadays, the excellent fund library composed of 348 funds and hundreds of articles analyzing/evaluating these funds are powerful resource guarantees for golfers to invest in funds . I see them as ” treasure troves “.
4. 2022 Fund Investment Income: Gains from Sharing
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In 2022, I will share while investing, and invest while sharing.
By the end of the year, my regular fund investment fund list has reached a record 57 , which does not include ETF/LOF and other on-market funds (in the stock portfolio, not included in the fund portfolio), excluding snowball shares The funds held by the four “firm offer experimental portfolios” do not include small observational holdings of less than 5,000 yuan (principal) of a single fund . Among them, there are 44 stock/equity funds, 11 bond/debt funds, and 2 FOF funds.
The following table lists the top 20 stock/partial stock fund positions (fund managers) and the top 5 bond fund positions (fund managers) that I hold:
( Those marked with ” red hearts ” indicate that fund managers or their funds have appeared in long articles shared by me .)
The investment strategy has gradually shifted from “core/satellite” to “spreading the pie” strategy.
At the beginning, I said that the biggest gain of fund investment in 2022 is to learn to share, then,
The second biggest gain of fund investment in 2022 is to buy more excellent funds when the stock market is low.
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The total investment yield of the six conventional fund portfolios in 2022 is -12.73%, outperforming the Shanghai and Shenzhen 300 Index (-21.63%) by 9 percentage points .
“Everbright Portfolio” is a portfolio established separately with new funds in 2022, and entry is relatively cautious; after using about 31% of funds to establish a portfolio at the beginning of the year, the remaining 69% of funds have been kept as monetary funds; if this part of funds is excluded, the portfolio The rate of return is 10.68%; the total return rate of fund investment is reduced to -15.86%, outperforming the Shanghai and Shenzhen 300 Index by 5.77 percentage points .
The investment goal that Warren Buffett has set for himself is to “outperform the S&P by 5 percentage points” every year.
The investment goal I set for myself is to ” outperform the Shanghai and Shenzhen 300 Index by 5 percentage points ” every year.
Therefore, the investment target for 2022 was completed on schedule, and this is the harvest.
The third biggest gain of fund investment in 2022 is to complete the investment target on schedule.
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Three major gains from fund investment in 2022:
First, learn to share;
Second, through sharing, I bought more excellent funds;
Third, to achieve investment goals;
5. Fund investment goals in 2023
1. Continue to study and share, and the number of long articles should not be less than 124 in 2022;
2. Continue to reduce the proportion of stock investment and increase the proportion of fund investment;
3. Continue the strategy of “spreading the pie” and reduce the proportion of positions held by a single fund/single fund manager (no more than 4%);
4. Taking the Shanghai and Shenzhen 300 Index as the performance comparison benchmark, it outperformed the Shanghai and Shenzhen 300 Index by 5 percentage points;
5. Effectively manage the “fund firm experimental investment portfolio”
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( Note: 1. The content of this article only represents my point of view. It can only be used for reference. It does not constitute investment advice. It cannot be used as a recommendation or guarantee for buying, selling, subscribing securities or other financial instruments. 2. Welcome to leave a message for criticism and discussion. 3. Information and data source: my actual operation data )
@雪球创作者中心@今日话话@球友福利@雪球基金#2022投资摘要#
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