Hello, welcome to our new column in the new year-the first album of Happiness 66 Small Goals. We will talk to you about the logic of this departure and the 1-2 knowledge points at the beginning of each happy sixty-six, hoping to help you better understand our investment strategy and the investment logic behind it.

In short, generally speaking, we will be divided into two parts:

1. What's the market situation in this period?

2. Tell you a simple little knowledge point in each issue to help you better understand the investment.

Before we begin, let's briefly introduce six or six goals of happiness. We define it as an investment strategy suitable for managing daily liquidity. The income target strives to beat inflation, which not only has a low participation threshold (starting from 65,438+0,000 yuan), but also has a profit-taking mechanism (note 65,438+0), which is very suitable for investors who pursue prudent financial management.

0 1 What is the current market environment?

In our view, the small goal of happiness has a set of perfect multi-dimensional quantitative scoring start-up mechanism, and each start-up is assisted by quantitative model. The model carries out daily scoring around two levels: medium-term asset cost performance and short-term market sentiment, considers the inflection point of equity assets and fixed-income assets allocation, and gives the signal of whether to suggest starting and the position suggestion of starting. If the model is obviously bearish, we will not choose to start.

Standing at this time node before the Spring Festival, the quantitative model combined with the results of our subjective judgment shows that it is more suitable for Happy Little Six Six.

First of all, everyone felt the shock of the market before the festival. In the 10 trading days at the beginning of the new year, it closed down for 6 days. (Source: Wind, 2022/0115-2022/0117) In the short term, the potential volatility of the market may continue to rise during the period of large-scale institutional investors' position adjustment. (See: Investment Weekly-Pre-holiday shock market or continuation)

On Monday, the central bank issued a big move of "cutting interest rates", and the winning bid rates for the medium-term lending facility (MLF) operation and the open market reverse repurchase operation both fell by 10 basis point, which were 2.85% and 2. 10% respectively. We also mentioned the expected interest rate cut in the previous weekly report, but the range of 10 basis point still slightly exceeded expectations, and the market has begun to expect the subsequent second interest rate cut.

This interest rate cut, in the short term, the fundamentals of loose stock and debt have considerable support, and the tone may not change much before the Spring Festival. In the medium and long term, under economic pressure, it is basically beneficial to face the bond market, while the rights and interests need to observe the rhythm of the subsequent broad credit policy and the effects brought by the policy.

Therefore, at the moment when liquidity is a prelude to financial development, we have launched the first phase of happiness 66 small goal in 2022.

Knowledge points in this issue: Why is it more suitable for fixed income+in a volatile environment?

Users who have known something about Happiness 66 in the past should know that our Happiness 66 small goal adopts the strategy of fixed income+,with fixed income funds as the main part and a small number of stock bases as the supplement. So what are the benefits of this combination?

For investors, the most direct experience is that the account fluctuation curve of fixed income+investment strategy is relatively stable in the period of stock market fluctuation.

This is what we want to tell you: historically, in most cases, the level of account fluctuation may be smoother by combining stocks and bonds, so it is more suitable for novice investors or investors who pursue stability.

Here I want to introduce a book to you. The name of this book is Smart Investor, and the author is Buffett's mentor Graham.

In "Smart Investors", Graham suggested that both defensive investors (seeking stability) and enterprising investors (active) should allocate a certain proportion of stocks and bonds at the same time, and the proportion of bonds should not be less than 25%.

Graham believes that if you hold a certain proportion of bonds, investors will have greater confidence in the bear market and will not choose to leave short positions, which will greatly alleviate investors' anxiety and pressure. Investors who only invest in stocks will face great risk of principal loss in the bear market crash, and their mentality will easily "collapse".

In fact, this corresponds to what the "Six Six Small Goals" of happiness do: the stable investment concept of stock-debt balance, the construction of a "defensive" configuration, the selection of high-quality debt bases for the foundation, and a small number of stock funds for attack. Simply put, this kind of collocation is to pursue profits while trying to reduce risks.

Therefore, through the scientific allocation of stock bonds, holders can enjoy a better holding experience and achieve reasonable income targets as much as possible, especially during the stock market shock period.

Another important reason is that the small goal of happiness is an investment strategy, which means that our professional investment team will take care of it, select high-quality funds from the debt base and stock base of the whole market, and "rebalance" the existing debt when necessary.

In this way, the problem of too single position and concentrated risk is avoided, because although the debt-based risk is generally considered to be relatively low, it does not mean that there is no risk at all. In some unexpected situations, the fluctuation of debt base may even exceed that of stock base (such as the credit crisis of real estate debt last year).

Therefore, the fund portfolio service provided by the investment can ensure that our fund ratio is more reasonable and scientific. For investors who pursue stability, it is equivalent to another layer of protection.

summary

We can't predict the changes in the market, and we can't accurately step on the rhythm of each time, but the good combination of stocks and bonds can make our investment road more "flat", especially for investors who pursue stability, and it is easier to maintain a good attitude in a volatile city. Therefore, the fixed income+strategy like the small goal of happiness is more suitable for everyone's layout when the market fluctuates, or as an option for their daily spare money management.

Ok, that's all for today. I hope you can have a deeper understanding of our small goal of happiness after reading the whole article. Users who want to board the 17 train can scan the QR code below or click the link. Remember that the participation period of this train departure is from 65438+1October 17 to 65438+1October 22nd.

Wechat search "China-Europe Wealth Investment" to learn more.

Note: 1: The profit-taking target of 6.6% of the Happiness 66 small target shown on the page is not the annual cumulative rate of return of the target profit-taking investment-portfolio strategy, nor is it the annualized rate of return of the target profit-taking. The target annualized rate of return only represents investors' investment expectations and does not predict future performance. China-Europe Wealth does not promise the target income, nor does it make any promise of capital preservation.

Risk warning: CEIBS Fortune conducts fund investment and investment business on the principle of diligence, honesty and trustworthiness, but it does not guarantee that every investment and portfolio will have a certain profit or minimum income. Investors participate in the fund investment business, and there is a risk of principal loss. The risk characteristics of fund portfolio strategy are different from those of a single fund product. The performance of each portfolio strategy under the fund investment business only represents the past performance, and its future performance is not predicted. The income created for other investors does not constitute the guarantee of operating performance. The annualized rate of return is neither the annual cumulative rate of return of the target profit portfolio strategy nor the annualized rate of return of the target profit. The target annualized rate of return only represents investors' investment expectations and does not predict future performance. China-Europe Wealth does not promise the target income, nor does it make any promise of capital preservation.

The fund is risky and needs to be cautious in investment. The above contents are for reference only, do not predict future performance, and do not serve as any investment advice. Views and predictions only represent the views at that time and may change in the future. Please do not quote or reprint without permission.

Read the full text