For two consecutive days**, it is the last stubbornness of A-shares.
This is a tragic red.
In the end, the Shanghai Composite Index closed at 2,974 points, and the 3,000-point high still did not take.
The chart shows the yield spread between China and the United States 10-year Treasury bonds from 2012 to the present. In April 2022, interest rate differentials between China and the United States began to suffer, and in the past, China relied on a positive interest rate differential that was 1 to 2 points higher than that of the United States to attract foreign investment, and after the interest rate on U.S. bonds was higher than that of Chinese bonds, foreign capital began to withdraw from China.
Pursuing interests is the basic logic of foreign capital flows.
In particular, this kind of capital outflow first drains the liquidity of Hong Kong stocks, and then affects A-shares through Hong Kong stocks.
The outflow of funds brings the stock price, and then the liquidity decreases, and the ** is in a state of non-stop.
At this time, there must be a strong external capital intervention, this fund must have stability, have a strong vision, will not be led by market fluctuations, and have strong confidence in the market.
This fund can only be insurance or the national team, and ordinary institutional investors such as public and private placements are really not, they are large **.
On October 11, ** Huijin made another move after 8 years, increasing its holdings in Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China, and China Construction Bank by more than 47.6 billion yuan, and said that it intends to continue to increase its holdings of the four major state-owned banks in the secondary market in its own name in the next 6 months.
On October 23, Huijin announced that it was an ETF on that day, and said that it would continue to increase its holdings in the future.
On October 23, the share of 170 indexes** or enhanced indexes** increased, and the scale of 170 ETFs increased by 934.2 billion yuan, of which 13 increased by more than 100 million yuan.
On December 1, China Guoxin Holdings Co., Ltd. announced that its Guoxin Investment increased its holdings in the CSI Guoxin Central Enterprises Technology Index today, and will continue to increase its holdings in the future.
Let's look at a specific product, 510310, E Fund CSI 300 Initiator ETF. Take a look at its **share change chart:
In the first half of this year, the basic share was stable, and in the second half of the year, the share went all the way up, especially in December and December. It's hard to imagine this time period, and some people have coincidentally increased their positions. Most likely, it was done by the national team.
Similarly, the Shanghai Composite 50 Index is present.
By analyzing the operation of the national team, we found that it is mainly concentrated in two directions: one is the blue chip stocks and the weight index, which aims to stabilize the market and not lose control, and the other is the technology stocks and index**, which is not only to support the technology industry, but also to prepare for the future**, it is necessary to know that under any bull market**, the performance of technology stocks is much higher than that of the broad-based index.
Now A-shares, falling for three consecutive years, how many investors are discouraged, the rest are ready to carry to the end, in this case, the possibility of a large ** is very small, and then there is an incremental capital to pry, it may detonate a round**.
Pessimistic**, touch 3,500 points in 2024,**There will also be a 20% increase, and if you allocate track stocks and technology stocks, the expected return will be more than 30%.
I will continue to stick to the big blue chip + technology strategy.
This year's yield, first look at the million real market, the million real market is divided into two stages,The first phase is the use of GF**, until August 2day, the yield is 8, the second stage is the transfer to Ping An ** so far, the yield is -, the total yield is -
From a maximum of 17% to -14 at the end of the yearThe adjustment of 4% and 32% is really bleak, and this account ** is about 600,000.
The other four accounts, two large and two small, the small ones really can't be motivated, look at the two larger accounts:
This account went from a maximum of 27% to 05%。
This account went from 40% at the beginning of the year to 19 at the end of the year83%。
Combined, the above accounts have lost about 5 this year, probably 310,000 or so. Considering that part of Ping An's dividends were taken out in the middle of the year, it was probably a loss of 210,000, put 22 of the annual profit10,000 or so, two yearsPlay in its entiretyIt's lonely.
This year, the cumulative new investment is about 1 million, about 380,000 for buying a car, 200,000 for insurance expenses, and about 1.7 million for the annual capital outflowAt present, I only have 3 months of living expenses left, I can't increase my position anymore, and I, like A, have used up the last stubbornness.
The current positions, sorted by weight, are: Ping An of China, China Merchants Bank, Tencent, China General Internet, Medical Device ETF and Chip ETF, Wuliangye and Yanghe.
This year, the million account lost 27In the performance of 260,000 yuan, I bought 20,000 shares when Ping An of China was 50 yuan, and sold 10,000 shares in the middle of the situation, and replaced them with 2 lots of Kweichow Moutai, and sold them after **, maintaining a guarantee rate of more than 300% and lying flat. With 20,000 shares of Ping An, it is estimated that I lost about 150,000 yuan, which is a big loss.
The ** of the position, I won't comment here, they are all unlucky this year**, I am also a bad luck person, continue to hold the bad luck.
People are stupid and unlucky, but they are not stupid, they will think in constant pain, and the usual bits and pieces are recorded on the work number, and those who are interested can check it.
My investment strategy is still to stick to A-shares, adhere to the big blue-chip + technology strategy with high dividends and high return on net assets, adhere to the strategy of **+ index**, take into account convertible bonds, and adhere to the allocation idea of dynamic balance between A-shares, Hong Kong stocks and U.S. stocks.
In the past three years, the biggest impact on me is that I have changed from a single thinking of investment to a bottom-of-the-investment, configuration-led configuration thinking, and I would like to thank you very much for bragging with me in the group, listening to my bragging, I believe that after the wind and rain, our future will be better.
Speaking of configuration, 23 years also did a very embarrassing thing. I was in June, probably the highest point of my yield this year, and I did something very ashamed.
Index ** Freedom Road, haha, from June 12th to run performance, I originally wanted to wait for the performance to be good and then tell you, to give you a surprise, the result, everyone who understands understands, it's so yellow.
At the beginning, I wanted to rely on pure rationality and strategy, the goal is to outperform the market, and the plan is to adjust every six months or when the market has major changes, so I haven't managed it at all in this half year, from the performance point of view, the -5% yield is really good compared with the drawdown of my own portfolio of twenty or thirty in the same period.
The post-holiday preparations have been adjustedPut 2The U.S. index**, which has risen much more than the performance on a year-on-year basis, has been replaced by the Hong Kong and A-share indices**, whose sentiment has been compressed to the extremeI hope to give me a face, so that I can have a book that I can brag about.
2024, good wishes, hello, hello me, good together!