The 3-year bear market** of A-shares is still not over, and there are new lows after the new lows of the index, which seems to make people feel: "Not only new lows, but also lower!" "Judging from the current market trend, risk aversion is the first lesson we have to learn, and it is also the most important thing, and the most important thing is to "live" the "living money", rather than "turning the living money into dead money"!
Now do a good job of the initial asset allocation in 2024, so as to eat dragon meat in the Year of the Dragon, and you can also make yourself prosperous for the Spring Festival! At the end of the year, there are year-end bonuses, New Year's money, 13 salaries and other rewards, and spare money can be used for investment participation, which is also the best way to manage money. With the Spring Festival of the Year of the Dragon approaching, this position will also start asset allocation, after all, funds must be rationally planned in order to obtain excess returns in the end.
Say a thousand things and ten thousand, now the opportunities of the a** field are greater than the risks, but how many people can seize this "opportunity"? Instead of being unpredictable and unable to see the direction clearly, it is better to honestly earn "stable money". Bonds** are more suitable for investors who pursue stable investment and have just entered the financial market, and are often favored by investors in personal asset financial allocation.
Riding the bull and watching the bear believes that the new ** in 2024, before the market has obvious investment opportunities, the use of bond investment to reduce the risk of the asset portfolio, while obtaining stable investment returns, is destined to be something that institutional funds will consider, and it is also the allocation method that most investors expect to obtain comprehensive returns. There is a market logic to understand here: "If people continue to buy, the ** of bonds will also rise." "Since A-shares** are not good, most people will buy safe-haven products, and the bull market in the bond market will not end easily.
Under the unclear trend of the market, the bull and bear will choose bond products for allocation, and the more convenient one is the bond type. In the first quarter of 2024, there is still a possibility that interest rate cuts will stimulate the economy, so the bond market may usher in a wave of bull market pull-up, and it is necessary to pay attention to the changes in the bond market caused by policies.
Short-term funds are facing the tax period, the Spring Festival and other festivals, etc., there are many disturbance factors, and the capital before the Spring Festival is not loose, and the funding rate will remain around the policy rate. Bull riding bears believes that the ** of bonds is inversely proportional to the interest rate, and when the interest rate falls, the bond** rises. A rate cut will lead more money to flow into the bond market, increasing demand for bonds.
Judging from the allocation of spare money investment at the end of the year, the bull and bear will be allocated from three directions:
1) Interbank certificates of deposit.
Interbank certificates of deposit are book-entry on-time deposit certificates issued by savings financial institutions across the country, and are a kind of money market instruments that can be pledged and transferred.
Under normal circumstances, the issuance period of interbank certificates of deposit shall not exceed 1 year, which is divided into 1 month, 3 months, 6 months, 9 months and 1 year, which is a better liquidity management method and a special tool for investment. Generally, there is 0 subscription fee, and the redemption fee is waived if you hold it for more than 7 days.
Interbank Certificate of Deposit** refers to the investment of more than 80% of the funds into the interbank certificate of deposit, the so-called interbank certificate of deposit is a certificate given by the bank to the depository institution, which is generally AAA level, with high liquidity and high security.
2) Short-term bonds.
Under the uncertain trend of the market, the bull and bear will choose bond products for allocation, and the more convenient is the bond type, which is still in a bull market. In the first quarter of 2024, after the RRR cut, it is still possible to stimulate the economy by cutting interest rates, so the bond market may usher in a bull market in 2024**, and it is necessary to pay attention to the changes in the bond market caused by policies.
From the perspective of pure debt, the net debt** of various types of active bond bases has risen, among which the quasi-bond bond type and partial debt bond **pure debt** have increased significantly. The operating ideas of various types of active debt bases in equity have been differentiated, but the overall increase in pure debt has increased, and the decline in credit debt**.
The market fundamentals are improving, bonds still have the best opportunities, the total credit scale of large banks at the beginning of the year is smooth, and the scale of bills on the balance sheet may be compressed first, which is confirmed by the rapid rise in bill interest rates after the New Year's Eve. There is still a chance for bonds**, and we can watch for the future direction.
3) Medium-term bonds.
The medium-term allocation is based on the pace of the Fed's interest rate cuts, and based on the current market analysis, bulls and bears are more inclined to enter a real interest rate cut cycle in the second half of 2024. This also shows that the first half of 2024 is still structural, and some money will be spent waiting for the second half of the year to fight again.
Medium-term bonds are mainly "fixed-opening", such as 1-quarter and 6-month fixed-opening bonds, and the overall return rate is relatively high, and investors will not frequently operate and get off in advance. Bull Riding Bears thinks that medium-term bonds are a bit like bank "fixed", but with higher yields, and at the same time, they can also get back the principal and income at maturity within a specified time, which is also a good option.
As the saying goes: "If you have food in your hands, you won't panic in your heart!" "With the bank deposit interest rate "falling again and again", there may be a lower deposit interest rate in 2024. There is a good saying: "Saving may only strive to preserve the value of wealth, and there is still a distance from the ideal elasticity of returns." ”
It is an eternal truth to put risk first in investment. Before the risk comes, do a good job of capital allocation, which is the key to turning the tide. For busy office workers who do not have time to conduct research and do not have enough experience to analyze, they should allocate their funds reasonably and make reasonable financial investments.
No matter what money you get at the end of the year, it must be your hard-earned "hard-earned money", so you must have a goal when making investments, otherwise you may not know who to lose to at the end of the year! Therefore, you can make selective allocation to this investment strategy, and believe that you will get your own "positive return" by the end of 2024, and at the same time use the method of regular investment to ensure your investment and obtain a more stable return on investment!