Many joys, sorrows and sorrows in life have a lot to do with expectations. If expectations are reasonable, people’s emotions can be more stable.
Wealth is not wealth
In this part, I want to make three points:
First of all, the vast majority of people invest in funds using funds as a tool to manage their wealth. Since they are managing their own wealth, they are managing their own wealth. , don’t think too much, we usually build an expectation that is too high.
Secondly, the fund is actually a “second-hand dealer”, not a direct investment, but an indirect investment tool. This tool has its advantages and disadvantages, but one thing is clear, indirect is more than direct, usually the fluctuation range is smaller, and the level of return Some of them are also in the middle. Direct investment may make a fortune, but indirect is really bad.
In the end, maybe some people have indeed achieved relatively good profits in the short term, but don’t think about sustainability. If someone really masters the secret of getting rich, it would be good to make a fortune in silence. Those who come out to shout are unlikely to think that they have too much money, but most likely they want to earn more.
Talent is only a few
Today’s people often enter a new field, just thinking about getting started quickly, and when they come up, they must surpass the average level, or even be far ahead…
Is the accumulation of knowledge and experience of others useless? Or are these people geniuses with extraordinary talents, and they are quite high when they shoot? In fact, as a novice, it is not bad to have no pits or even less pits. I really need not to think too much. In fact, many professional investors who seem to be relatively mature have grown up after suffering a lot of losses.
Over the years, among thousands of fund managers, Lemon Jun has seen very few talented fund managers. Fund investors should not fantasize too much and set themselves up.
As an investor, you should honestly accumulate experience. After five or seven years, you will be relatively mature. After another round of bull and bear baptism, you will basically be able to stay far away from the pit. For the vast majority of people, there is no rush to improve the ability of fund investment, and it takes time to accumulate time, energy, and talent.
Relative & Absolute Returns
If we talk about the specific income expectations , for newcomers who have just entered the market, the relative income standard : to be able to reach the average income level, it seems that there is no technical content, but in fact the challenge is also very big. After a round of accumulation of bulls and bears, try to enter the top 1/3, and then another round of accumulation, thinking about entering the top 1/4.
In the early stage of fund management, it is inevitable to pay tuition fees. When the amount of funds is small, it is okay to pay some tuition fees. Don’t be afraid to pay tuition fees.
As for the standard of absolute return : Considering that the economic growth rate is decreasing day by day, the return rate of the market will definitely decrease. In the future, the annualized 15% of equity assets may be a master, 8% is a pass, and 10% is a good one. For fixed income assets, an annualized 8% is a master, 4% is a pass, and 5% is a good one. Just like the period when the money fund annualized 6% is gone forever, future earnings expectations still have to be lowered. This is the process of the times.
Fund returns are volatile, and ups and downs are normal. Our market is not yet mature, and the ups and downs will be more severe. In fact, the wild fluctuations also make things more interesting, and there are also some opportunities.
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