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电子游艺网址:Picking Thematic Funds Avoid three pitfalls!

时间:2018/4/4 19:20:04  作者:  来源:  浏览:0  评论:0
内容摘要: True, for example, once subject funds such as brokers, pharmaceuticals, chemicals, and electronics have risen quickly, but 1 cannot ensure ...

True, for example, once subject funds such as brokers, pharmaceuticals, chemicals, and electronics have risen quickly, but 1 cannot ensure that the selected ones must be the best among the 70 or 80 topics; Knowing that it was wrong to pick it up, it was also the most “squeaking”; 3, if it were all aligned, it was actually investing in the broad base index . Therefore, I often say that the portfolio should be "large or small," and it also refers to the combination of broad-based index broader market/small and medium-sized creative style, rather than matching the size of the theme industry's market size or the "size" of the growth space. Do not know this answer, satisfied?

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Of course, in the 4-5 fund portfolio, there can still be one or two theme funds. However, what kinds of pitfalls should we avoid when we choose the theme funds for collocation and plan to hold them in the medium to long term? The commander summed it down, pay attention to these three traps.

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Trap 1: The cycle of the boom apex industry

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First of all, we must understand what is the cyclical industry, that is, non-necessities industries, such as steel, coal, chemical, cement, petroleum, military and even securities, , and other industries, whether such industries are closely related to the macroeconomic (The relationship between the non-cyclical industry and the economic environment is not the biggest one. It is still necessary to eat, to drink, to drink, or to see a doctor for treatment.) Some cycle industries are already the culmination of the Merrill Lynch clock cycle, such as thermal power, coal, and cement. Therefore, [GJC reform] is needed to optimize the industrial structure. So even if this type of theme fund has a band gain in the short term, it is still not recommended to hold it in the medium to long term.

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Trap 2: Unexplained valuations of special industries

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Military industry must be mentioned here. Although there are a lot of favorable policy news, the value of the military industry's seventy to eighty-fifths is really unreadable, or it can't be used as a basis for “buying and selling” at all. The pricing mechanism of the product is not the final say of the enterprise; most of the products are also purchased by the state; most of the military enterprises are not listed as a whole asset, but only part of the assets; in short, the military industry's revenue, profit, market size, price-earnings ratio, etc. Indicators are often only visible on the surface. Short-term may be a wave of events driven, but there are risks in the medium and long-term holding.

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Trap 3: Chaoyang industry but selected the wrong segment

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First of all, what is the sunset industry, mainly refers to some labor-intensive manufacturing industries without technical content. The market demand for these industries is gradually saturated, homogenous competition is serious, profits are low, and energy consumption is high. They do not have a competitive advantage at all, and it is difficult to “Internet Plus”. I don’t think any fund company would be stupid enough to launch a fund for the sunset industry theme, but even the sunrise industry theme should be polished. For example, the environmental protection industry is "sunrise"? However, companies in the environmental protection industry actually have many sub-sectors, such as landfills, river basins, soil remediation, garbage incineration, rural water, and water quality monitoring. There are sewage treatment, as well as oilfield environmental protection and so on. Well, the fund that is also the subject of environmental protection has a huge difference in performance due to the different subdivision industries. It also requires us to keep our eyes open for good-bye.

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Well, when we select theme funds, we can pick the funds that are worth holding in the medium to long term as long as we avoid the above three pitfalls. Although these are the pitfalls to be avoided in the selection of thematic funds, we must avoid them when selecting stocks.


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