February** Dynamic Incentive Program
2023 has been too hard, and a lot of unexpected things have happened that have disrupted my original plan all at once. Fortunately, in the past month or two, these unplanned things will be slowly resolved and back on track.
It is a very good state to reduce the fluctuations of life into a beautiful curve, and this is one of the original intentions of my 8 years of perseverance. Overall, total revenue will be stable and rising in 2023. This year's salary income has decreased compared with last year, mainly because the unit has been affected by the economic environment, coupled with the reduction of one-time subsidies, the overall decline of about 10%. Total expenditure doubled due to emergencies, which is also the highest in history. The wealth management income is calculated according to the total assets and reaches 69%。In the wealth management income, fixed income contributed 60%, and equity income contributed 40%. In the end, total income increased by about 10% compared to 2022, but actual deposits decreased by 10%.
Looking back on the whole year of 2023, first, the fund allocation strategy was formulated at the end of 2022 to achieve the expected results. Second, the expansion of the side business is not as expected. Third, the prevention and control of external risks need to be strengthened.
Some tasks that need to be completed in 24 years:
1. Continue to do a good job in the management of fixed income in the field of wages, plan in advance for new funds, and join the original fund operation in proportion.
2. Sort out the writing mode and continue to improve the efficiency of creation, so that it can generate stable income. (At present, there are four platforms: WeChat, Baijiahao, Zhihu, and Toutiao).
3. Use your spare time to do some light part-time jobs.
4. Continue to expand the range of wool and increase the participation of family members.
The goal is to increase the total annual income by 10% compared to the previous year
2. The daily consumption limit of the family will be increased by 8%.
3. Increase the risk savings fund by 10%.
4. Plan to travel 1 time.
5. Continue to work hard in the field of practical finance and economics, learn professional knowledge, enrich yourself, and have time to continue to take the next certificate.
The 2024 fund allocation plan is: additional allocation of equity, ** bonds, increasing the proportion of local bank deposits, and maintaining investment in consumer finance products.
Equity is expected to generate 20%-30% income, local bank deposits will generate about 4% income, and consumer finance will generate about 7% income. Proportionately converted, the expected return of the full ** is 895%-11.95%。
Work since the deposit curve.
Since 2021**, the book profit and loss of the account.
Specific allocation direction of equity in 2024:
In terms of sector strategy: In the bear market 24 years ago, low valuation has been dominant for a long time, and from the perspective of time, many low-valuation sectors at the index level are about to start the most violent wave, so it may not be a very good choice to bet on low valuation in a cross position. Especially after all the small and mid-cap valuations** in January, many small-cap stocks have seen reasonable valuations. Therefore, equalization is considered in the configuration. Taking into account my own holdings, I have listed some of the targets I would hold:
1. Hong Kong stocks have a low valuation of A-shares and have stable profit expectations.
2. Bancassurance bonds can still be held, but if the bank has 10%-20%** in the future, it can appropriately reduce its position and change the target.
The index and the 300 index are gradually building positions, and they are quite stable long-term investment targets. From a value-oriented point of view, these will be a harbor for long-term funds in the future.
4. High quality in the unattended sector.
5. The interconnection of China can be rolled within a day.
6. The most ruthless sector in the past year.
Something that is not optimistic about comparison:
1. Coal. 2. No performance of large, medium and small caps.
Varieties that have been fried in the middle of the year.
4. Liquor. 5. The price-to-earnings ratio in the consumer sector is higher than 15**.
A little afterword: due to the recent large **, the market has given a relatively clear attitude, all junk stocks have been killed, and those that have not fallen are going to new highs. Therefore, the law of the future market power will become more and more obvious, and as the mood of excessive overdraft returns to normal, it will be more and more difficult to find the strategy of finding the inflection point in the past. The follow-up rights and interests will also gradually return to the performance-driven track, which will be welcomed by the public.