Snowball today | 雪球

A few days ago, I received a call from a friend and asked me if I had time. As long as the market doesn’t open, I’m fine. Then he told me that he was going to look for a job again, saying that he had lost 1 million in stock trading. The chat on the […]

Under the guidance of @Tieer, @Tieer has done a lot of work before, and reported it to the China Securities Regulatory Commission, the State Administration of Taxation and other departments, and you can see the article at the top of its homepage. I continue to contact the relevant units of $CNOOC (00883)$ (you can see

Recently, I have studied the financial reports of Focus Media (SZ002027) in the past five years, and I have found some risk points to share with you. 1: Risks caused by the concentration of large customers In the past three years, the proportion of the top five customers in Focus’s operating income has hovered around

Since the first year of carbon neutrality in 2021, the development of clean energy has been in full swing, becoming the most prosperous industry, and related targets are favored in the capital market. Traditional enterprises are also actively deploying the clean energy industry. Heavy machinery company SINOMACH has followed the trend and is also actively

The “dividend period” of $Gree Electric (SZ000651)$ A-share listed companies has arrived. Statistics show that on the basis of the equity registration date, the distribution plan of 18 companies will be implemented on August 4. Judging from the dividend distribution plans of these companies, there are 14 companies with a cash amount of 1 yuan

When it comes to quantitative investment in public offerings, it mainly focuses on four directions: passive index type, index-enhanced type, quantitative active type, and quantitative hedging type. We have taken stock of quantitative initiatives before, and today we will talk about index-enhanced funds. Index-enhanced funds can be roughly understood as most of the tracking indexes

In the early years, I heard that China Merchants Bank is the leader of my country’s private banks, and it is a model, but I don’t know how good China Merchants Bank is. When I studied monetary finance before, I probably had an understanding of the operation of my country’s banking industry, and I knew

This article will contain some very basic mathematics, which should not affect your reading. We make some basic assumptions: 1. Suppose you hold a bunch of uncorrelated assets with a compound annualized return of 0. 2. Create a portfolio that includes these assets and rebalances regularly. 3. Do some magic. 4. Now, the compound annualized

The comprehensive ton price of polyurethane has risen from less than 15,000 yuan in the first half of 2021 to over 16,000 yuan, and the sales volume has risen from 1.895 million tons to 2.07 million tons, with both volume and price rising. In February 2021, the MDI plant in Yantai Industrial Park completed the

FOF, the fund of funds, is known as the “professional buyer” in the fund market. Buying funds through funds sounds like a “doll”, but it is actually a new type of fund product to diversify fund risks to a greater extent and achieve pension or multi-asset allocation goals. FOF is generally classified in two ways:

This is the 96th letter written to CSI 300. On August 1, the three major indexes closed in the red, and the five broad-based growth ETFs rose the most. Regarding the A shares on the first trading day of August, my good friend CSI 300 made a summary: the opening fell terribly, and the closing

This opinion is the only one of Snowball and is for reference only. The first thing I want to talk about is the most concerned issue of iron fans. Why did Tencent fall so much? so cruel? Why? Because at the end of 2020 and the beginning of 2021, the frenzied run of white horse

What is a neutral strategy? First, let’s look at the simplest example. We all know that index-enhanced products achieve a certain excess return on index returns and obtain an absolute return. Next, let’s take a look at the difference between these yields through a publicly offered CSI 1000 index product. Because the open-end public fund