The Road to Rebirth Finance

Chapter 339 Fund ex-rights
For participating in stock trading, the most important thing is the confidence in holding shares. It is very important not to panic during the rising process, and to be able to stabilize the mentality during the falling process.

As for when to buy and when to sell, there is no certain standard, and each investor has his specific reasons for buying and selling.

No matter whether the investor's decision to buy or sell is correct, it is something he must experience. Only by truly establishing his own trading system through trading can he truly survive in the stock market.

This kind of survival is not only reflected in the profit. Some investors may not be very good at choosing sectors and individual stocks, but they can stop losses in time to reduce losses.

A few years later, looking back at my trading, although I didn't make much money, I didn't lose much money, and I can still be active in the stock market for a long time, no matter whether it is bullish or bearish.

Although this sounds pointless and seems like a waste of time, even so, there are not many ordinary investors who can really do this.

On November 11th, after two trading days of callbacks, the market has gradually digested the bad news brought by Gu Junhao, a fellow countryman, and the sentiment of most investors began to stabilize.

According to the recently released securities investor confidence survey and analysis report, with the rebound in October, the investor confidence index has obviously stabilized and rebounded, with a month-on-month increase of 7.8%.

Overnight, the Dow fell 12% and the Nasdaq fell 0.28% yesterday as the chairman of the Federal Reserve suggested that interest rates may be raised in December.

In terms of A shares, after two trading days of adjustments, the Shanghai and Shenzhen stock markets and the three major indexes all opened slightly higher today, getting rid of the influence of the overnight market.

However, it was still a bleak day for concept stocks surnamed Xu, and some stocks still opened above the daily limit today.

How frenetic it was in the past, how bleak it is now, and the A-share market has been continuing this cycle.

After the official trading started, the brokerage sector, which has been immersed for a long time, changed today, and the financial sector led the stock index to rise unilaterally.

After the index opened higher in the early trading, Maotai Wine Industry started to rise. By 10 o'clock, the stock price was 212.23 yuan, up 1.20%.

Another liquor stock, Wuliangye, also performed well in early trading, opening higher and moving higher. At this time, it was reported at 24.45 yuan, and the stock price rose by 1.58%.

"The market has rebounded, today is a good opportunity to reduce positions." Looking at the rising stock index and stock price, Gu Junhao said with a smile.

Benefiting from the big financial sector, today's weighted blue-chip stocks performed well, and Maotai Liquor has been rising steadily. However, Maotai's trading volume has dropped to an average of 7 million yuan per day, and it is still impossible to sell in one trading day.

Gu Junhao expects Maotai Liquor to reduce its position by 1 lots. Based on the current trading volume and price, it is already close to one-third of Maotai's average daily trading volume. plate.

Although the stock market crash has passed, it is still considered a sensitive time period. In addition to that senior's accident, it still takes a few more trading days to sell the [-]-lot position.

However, Gu Junhao still hopes to complete the reduction of positions after the end of trading this Friday. If it is really because of the shrinking trading volume, it is fine if the reduction cannot be completed, and the amount can be reduced.

This is the benefit of large funds. Even if Maotai was locked up seriously before, as long as you seize an opportunity to increase your position at a relatively low position, and then reduce your position after a round of rebounding market, even if the price of the reduction is average, you can still get a lot of profit. Thereby reducing the holding cost.

However, some ordinary retail investors with a relatively small amount of funds do not have this convenience, and the amount of funds is not enough to support long-term large-scale replenishment.

What's more, although money is not everything, once everyone's wealth reaches a certain level, they can already see losses to a certain extent.

For example, stocks are already relatively low-risk products in the financial market. If you get stuck, you can play dead, let alone low-weight stocks.

However, it is relatively inconvenient to ship large funds, without the flexibility of small funds, but at the same time, it is relatively cautious to operate, so as to reduce losses.

Therefore, for ordinary investors, the operation of small funds has its unique flexibility. At this time, as long as they are treated with caution and the number of mistakes is minimized, the chances of making profits will naturally increase.

Once the profits are made, if you maintain this trading system model and repeat it over and over again, the compound interest will make your funds more and more.

And under the attitude of prudent trading, the operation after the transition from the small capital trading mode to the large capital trading mode is naturally not so difficult.

At 11 o'clock in the morning, the price of Maotai Liquor reached the highest price of 216 yuan, an increase of 3%, basically recovering the decline of the previous two trading days.

Although the market trend in November started with a two-day decline, overall it is relatively safe judging from today's strong rebound.

The transaction continued until 13:24 in the afternoon. The time-sharing chart of Maotai Wine Industry showed the largest outflow in the day, with a transaction volume of more than 2100 million yuan and nearly a thousand sell orders.

"You didn't do it, did you? Such a large sales volume?" Gu Junhao asked quickly. According to the requirements of taking care of Junhao, today's sales volume can be based on Maotai's median sales order, that is, 100 lots or It is less than 100 lots.

"No, our transaction is normal." Wang Ruoyu looked at the monitoring system and said.

"Well, that's fine. Try not to attract attention when selling, at least you can sell it at a good price." Gu Junhao nodded.

At the end of the whole day's trading, Maotai closed at 214.98 yuan, up 2.51% within the day. The 2.51% increase is nothing compared to other stocks, but for Maotai, it is considered a big rise.

Wuliangye also achieved a big rebound today, and its stock price rose 5.86% to close at 25.48 yuan.

The Shanghai and Shenzhen stock markets have a very good profit-making effect today. The Shanghai Composite Index soared by more than 4.31 points, an intraday increase of 9%. The stock index has hit a new high since the rebound on September 16, at 3459.64 points.

A bareheaded and barefoot big Yang line runs through all the support positions of the daily line, and the trend is very beautiful. Only 4 stocks in the Shanghai and Shenzhen stock markets closed down today.

On Thursday, Shanghai and Shenzhen continued to maintain an upward trend, breaking through 3500 points and reporting at 3522.82 points. The trading volume of the Shanghai Composite Index rose sharply to 6787 billion yuan today, and the turnover of the two cities once again exceeded one trillion yuan.

On Friday, the Shanghai and Shenzhen stock markets closed in the red again. The Shanghai Index stood firm on the 6.13-day line with a weekly increase of 20%. The stock index also closed at 3590.03 points, and it may launch an impact towards 3600 points next week.

The last two trading days of Maotai Liquor also closed at 218.42 yuan, a weekly increase of 2.13%. The slightly heavy volume of Maotai in the last two trading days also allowed Gu Junhao to successfully reduce his position.

In three trading days, at an average price of 220 yuan, Gu Junhao sold a total of 1 lots of Maotai Wine, and returned funds of 2.17 million yuan. At the same time, he also reduced the holding cost of Maotai Wine to 172.06 yuan. Today’s closing profit was 26.94 yuan. %.

The reason why the price can be reduced by nearly 2 yuan higher than the closing price of this week is also due to the large volume surge of Maotai Liquor Industry on Thursday.

This Sunday, Maotai Liquor once soared nearly 4%, and its stock price reached the highest price of 223.28 yuan. The trading volume of the day also exceeded 10.9 billion yuan.

Wuliangye also reported three consecutive positives for the following three trading days this week, temporarily ending the compensatory decline after the resumption of trading, and the stock price finally closed at 25.92 yuan, which is a certain improvement compared to the suspension price of 25.73 yuan before the resumption of trading. A small increase.

As for Vanke A, benefiting from the influence of the New Real Estate Policy, this week it officially gained the weekly five-day line with a 3.93% increase, and its stock price closed at 13.23 yuan.

As of this week, the market value of Junshi No. 17.06’s holdings is nearly 22.52 billion yuan, the cash in the account is as high as 39.57 billion yuan, the overall scale has reached more than 7.9151 billion yuan, and the net worth ratio is [-].

7.9151 is also the final net value of Junshi No. 22 before the end of the closed period. Compared with Junshi No. [-], which has more than [-] times the income, it is somewhat eclipsed, but no one, including fund investors and ordinary investors in the industry, dare to underestimate this Equity rate.

Although he escaped the stock market crash, since the rescue of the market in July, the two cities have experienced more than 10 thousand-share price limits. Under this environment, Gu Junhao can still maintain efficient profits, which is comparable to Junshi No. 22. Double the income is much more genuine.

After the tide recedes, you will know who is swimming in LUO; before the stock market crash, whether it is private equity or public equity funds, the rate of return is quite good, and there are not a few that double or even multiple times.

However, after a round of stock market crashes, most funds have shown their original shape, and public funds can still evade the requirement of holding positions and cannot be short positions.

But this is not the case for many private equity funds. Nearly [-]% of the private equity funds in the entire market have been knocked back to their original shape by this round of stock market crash.

Gu Junhao is also quite satisfied with Junshi's performance since the No. [-] stock market crash. In the past three months, it has been able to maintain positive growth, and most of its holdings are involved in industries that rescued blue-chip stocks.

Although it is a bit regretful that the overall size of the fund has not reached 40 billion yuan, and the net value ratio has not reached 8, but it is nothing.

According to the final overall scale of Junshi No. 39.57 is 18.59 billion yuan, plus management expenses, the actual profit attributable to Junshi Capital will reach 18.6 billion yuan, and this [-] billion yuan will be fully attributed to Junshi Capital.

After ex-rights, that is, removing the 18.59 billion yuan, the overall size of Junshi No. 20.98 dropped to 4.196 billion yuan, and the net worth rate returned to 4.196. However, even with a net worth rate of [-], Junshi No. [-] still firmly occupies the top spot on the list. Location.

Two funds, one in closed operation for ten months and the other in official operation for twelve months, contributed a total of 22.97 billion yuan in net profit to Junshi Capital. The rate of return brought by the fund.

Although Junshi No. 4.38 was liquidated two months in advance, it lost part of the management rate and income, and only obtained a net profit of [-] million yuan. However, in general, apart from considering the impact of the stock market crash, the early liquidation has a great impact on Junshi Capital. The specific operation is also quite favorable.

In addition to supplementing the company's sufficient cash flow, Junshi's current self-operated trading profits are also considerable. Tianqi Liye has surged 33.64% this week, and the stock price closed at 108.76 yuan. This stock alone has brought the company More than 2.2 million yuan in revenue.

Nvidia has not yet opened due to the time difference, but yesterday its closing price has reached 25.42 US dollars, and its floating profit has reached 642 million US dollars, equivalent to nearly 4000 million yuan.

These two floating profits alone are as high as 2.6 million yuan, which requires a large-scale management fee to achieve it. I don’t know when it will take Junshi No. [-] to achieve this level.

2015年11月6日星期五，下午05:30，随着君实二号11份净的第一次业绩公布，还有其基金官网上的一份公告。

"From next Monday (November 11), the closure period of Junshi No. 9 has expired, and Junshi No. 11 will temporarily suspend trading for one day after the market opens next Monday to carry out ex-rights operations, and officially resume trading on November 10; and since The resumption of trading has begun, and Junshi No. 2000 will open a one-week free subscription and redemption operation, with a purchase upper limit of 500 million yuan and a lower limit of [-] million yuan."

Following the release of the announcement, the Junshi No. [-] investor group also received a formal notice and a written email from Gu Junhao's office.

After a one-year investment period, investors finally reaped the returns they deserved. In addition, after experiencing the stock market crash, it was even more difficult, and everyone was full of emotion for a while.

Moreover, many investors have begun to move around, and Junshi No. [-] is finally officially open for subscription!

(End of this chapter)