The Road to Rebirth Finance

Chapter 435 Crazy 2018 has begun.

"What the hell, why is Brother T restricting purchases again? Is this not going to ask for management fees?"

"Why does Manager Jiangxiang keep playing with purchase restrictions? Are you hungry for marketing resources? It's boring to do this."

"1000 yuan a day, who do you look down on? I don't care about 100 yuan a day! Because I can only afford a fixed investment of 20 yuan a day!"

"It doesn't matter, it doesn't matter, continue to vote, anyway, it doesn't matter to me whether there is a limit or not."

"Could it be about to fall? It seems that the market fell for more than a month when the purchase was restricted last time?"

"It's possible. Referring to the decline in the second half of November, it is possible to continue to fall in December."

"That's right, December last year and the first half of January this year, it also fell, so it seems that Brother T is looking at adjustments."

"What you said above makes sense. Brother T must have a reason for restricting purchases. Otherwise, some fund manager would not be willing to charge management fees. In that case, I'll redeem half of it first."

"By the way, what about that gay friend lurking in Brother T's company, why didn't you see him speak? What is Brother T doing recently?"

"Here we go, we're at work, sneaking around, our boss is busy with his son recently, and Sister Liu is basically taking care of the fund."

"Wait, who is Sister Liu? You traitor hasn't mentioned it before, isn't she pretty?"

"A fund assistant at 125700, there are photos on the official website, see if you look pretty."

"Tsk tsk tsk, I've already seen it, she looks pretty, Brother T is also a talent, my personal assistant is a little beauty, and the fund assistant is also a little beauty."

"Don't talk nonsense, the Junshi No. [-] fund manager and the manager of the self-operated market are all men, plus the personal assistant Sister Li, the four of them were the first to follow the boss, they were brought out by the boss, and they were with the apprentices. about there."

"Stop talking nonsense, you LSPs are not crooked anymore. By the way, do you know why the limit is not?"

"I said brother, the ghost is too ugly, I'm just a fan of fund participation! As for the limit, I definitely don't know. If I knew, I wouldn't talk nonsense with you here, but I still decided to redeem it first. For the most part, every decision our boss makes has a certain meaning.”

"Tsk tsk, to say you're an insider is flattering you, you're obviously a big brother T's wool, okay, take his salary, buy his fund, chat here and pay back two shares!"

"I'm called a migrant worker in the new era. Speaking of this foundation, I earned almost 30 yuan. It's just the end of the year. I took it out to buy a car, haha."

"Okay, you're awesome, I'm convinced, I'm going to report you to Brother T, and I'll fire you!"

On December 12, Friday, in the first trading day of the last trading month of 1, the Shanghai Composite Index maintained 2017 points throughout the day and repeatedly competed.

Jiangnan Jiajie, which was backdoored by Zhou Hongyi in the early trading, was firmly nailed to the limit board early this morning after 18 consecutive daily limit, with the stock price at 47.67 yuan.

Among the 18 daily limit boards, 17 of them are Wuliang one-word daily limit boards. The backdoor of Shunfeng Holdings has somewhat given leeks some soup.

As for Jiangnan Jiajie's 18 consecutive boards, and the one-word limit drop without warning this morning, it is somewhat ugly.

A wave of 17 straight boards, a high-volume daily limit, and no sign of a lower limit on the next trading day, a very obvious shipment signal.

Gu Junhao never participated in this wave of Jiangnan Jiajie's backdoor. To be honest, he really didn't remember which stock he borrowed from, nor did he remember exactly which year Zhou Hongyi came back from the stock market.

I just know that there is such a thing, but I really haven't paid attention to the specific time point.

2017, 2018, or even 2020 is still the time when the Internet is booming. An Internet company that delisted from the stock market in China and came back to cut leeks is really not a good company.

The lower limit of Jiangnan Jiajie hit the popularity of high-end stocks, and the whole day's decline list was high, and the sub-new stocks and the 5G concept were among the top decliners.

The 5G concept has been showing signs of hype since the end of this year, but it is not yet a mainstream hype concept. As for the 5G concept, the best stock.

Nowadays, it is still in a half-dead state. If it can catch up, this stock can do it. It has 10 times the space, and it is not bad to eat for a while.

Today, the liquor sector is still driving the index. Shuijing shares rose more than 8%, Fenjiu Group rose more than 7%, and Luzhou Liquor and Wuliangye rose more than 5%.

Junshi Investment, which holds more than half of its positions in the liquor sector, continues to maintain an upward trend today.

Since the changes in the net value of the fund can be estimated in real time during the session, even if the announcement was made yesterday, there are still not many people who redeemed Junshi Investment.

"Forget it, forget it, anyway, I have fulfilled my obligation to remind, and when the net worth starts to drop, they should sell."

In the following two consecutive trading days, the Shanghai and Shenzhen stock markets behaved extremely strangely.

On the one hand, the weights and blue-chip stocks dominated by the three major financial sectors of banks, securities companies, and insurance, as well as the popular liquor sector, are sticking to 3300 points.

On the other hand, the number of GEM and the small and medium-sized entrepreneurial stocks it represents have plummeted, and the Shanghai and Shenzhen stock markets have once again entered an extreme stage of market differentiation between [-] and [-].

Throughout December, it was spent in this weird market. While the Shanghai Composite Index repeatedly competed around 3300 points, it was the ChiNext’s sharp rise and fall, but more of it was a decline.

The Shanghai Composite Index fell by 0.30% in the whole month, still staying above 3300 points, reported 3307.17 points, and the index rose by 6.56% for the whole year.

The GEM index fell 10.67% throughout the year. During the year, the GEM index fell as low as 1641.38 points, and finally closed at 1752.65 points.

In the past two years, the Growth Enterprise Market has fallen by nearly 40%. Among the small and medium-sized entrepreneurial sectors, individual stocks that have fallen from their highs in 2015 to [-]% are everywhere.

2017 was a happy year for investors who held blue chip stocks, especially the liquor sector, which rose as high as 98.70% throughout the year.

In December, when the market was sluggish, the liquor sector still rose by more than 12% overall, and the monthly line of the sector was 11.61 consecutive positives!

As the undisputed leader of the sector, Maotai Wine Industry, which also has a monthly line of 15 consecutive positives, closed at 697.49 yuan this month, a monthly increase of 10.54%.

This is also the third time since April 2015 that Maotai Liquor has increased by more than 4% in a single month.

Throughout the year, the Maotai Liquor Industry rose by 108.74%, far reaching a record high. The acceleration of the Maotai Liquor Industry also means another acceleration of the liquor sector.

From the perspective of the stock price trend, the adjustment of Maotai Wine Industry before 1000 yuan is basically relatively stable. After breaking through 300 yuan, it will be back to around 200 yuan at most.

After breaking through 400 yuan, it will be back to around 300 yuan at most. Similarly, if it breaks through 600 yuan this time, the next adjustment should be around 500 yuan.

Taking the stock price of Maotai Wine as a reference, in the big bear market of 2018, when the stock price of Maotai Wine fell to around 500 yuan, it was almost time to buy the bottom.

At least, the liquor sector can be bargain-hunted.

Due to the sharp rise in the liquor sector throughout the month, although Jun Shishi Investment has limited the subscription amount, the redemption amount has not decreased much, and the overall fund size has not decreased but increased.

In the end, the transaction for the whole year of 2017 ended, and the net value of Jun Shi Price Investment was fixed at 2.6451, with an overall scale of more than 125 billion yuan.

In 2017, the annualized rate of return of Junshitou was 32.59%. The decentralized operation of positions and the control of positions kept Junshitou's annual rate of return in a very balanced state.

However, compared with last year, this year Junshishi Investment failed to win the first place in the annual revenue ranking.

自2009年7月份加入招商基金管理有限公司的侯经理，其在今年8月份接任的招商中证白酒以74.91%的收益率，拿下了2017年公募基金收益冠军的宝座。

This year's public fundraiser champion is still "Brother Hao", who changed from Gu Junhao's Hao to another Hao.

Not surprisingly, our brother Hao will live his life of winning from this year. Gu Junhao held this fund from the beginning of 2019 in his previous life and sold it before the Spring Festival in 2021.

It was completely near the highest point, because the funds in the market were too hot at that time, which was basically the same as the crazy period of the stock market in 2015.

All kinds of people, whether rich or not, people who understand or don’t know, will ask you if you can buy funds, and if you tell them that the current position is too high, they will continue to ask you if you can make a fixed investment.

In short, it is a must-buy. Gu Junhao is too familiar with this feeling, so on the last trading day before the Spring Festival, Gu Junhao resolutely liquidated all the funds he held in his hand, and he never touched the fund again.

When the market is extremely frenzied, it is time to exit, and this is true of any investment market.

As for the annual income of Junshi No. 50.44, Wang Ruoyu achieved 30%, just reaching the [-]% profit sharing line.

Due to the flexibility of positions, starting from the third and fourth quarters of this year, Wang Ruoyu fine-tuned the fund's positions. On the premise of heavily holding liquor, he gave full play to the team's operating level.

Finally, let him achieve the goal of more than 50% of the annual income, which is a shame for last year.

After 50% of the income, Junshi No. 4 can not only charge a management fee of up to 30%, but also get a profit share of up to [-]%.

The overall scale of Junshi No. 420 exceeds 10 billion, and the annual management fee alone is as high as more than 30 billion. With the addition of [-]% revenue sharing, the annual profit is even more extraordinary.

At the end of 2016, Gu Junhao’s generosity in making profits paid off throughout 2017, and by the end of the year, the market value of Junshi No. 100 had fallen below [-] billion yuan.

Junshi No. 25, whose overall position is less than [-]%, will continue to implement Gu Junhao's position reduction behavior until the position is reduced to the minimum.

According to Gu Junhao's request, the final position of Junshi No. 10 will be about 10 billion yuan, and this [-] billion yuan will be used for the basic trading of traders' daily T operations.

Up to a certain level, Gu Junhao does not allow Junshi No. [-] to increase his position, and as a trader, he must be prepared for a reduction in income.

In a bear market, it is inevitable that the income of employees will decrease. Gu Junhao does not need to take into account the psychology of the trading team.

Not only Junshi No. 2018, in [-] Junshi Capital's three major sectors, all trading teams, will have a much lower income than this year.

Of course, the current trading team, including Wang Ruoyu, don't know when Gu Junhao will open a position.

The three of them, including the trading team, did not receive any signal except that the boss was more determined to reduce their positions this time.

In January 2018, the market of the Shanghai stock index was soaring, starting from the first trading day after the beginning of New Year's Day. On that day, the stock index rose by 1%. The index broke through 1.24 points again and reported 3300 points.

从1月2日一直到1月29日，20个交易日里，上证指数仅仅有三个交易日收阴，包括1月29日。

On January 1, in early trading, driven by heavyweight stocks, the Shanghai Composite Index hit a peak of 29 points, setting a new high in two years.

At 10:30 in the morning, the Shanghai Composite Index rose and fell back, and blue chips began to dive in a large range. The Shanghai Composite 50 Index, which represents the weight, led the decline.

Maotai Liquor, Gree, Vanke and other blue-chip white horse stocks led the decline. The Shanghai Composite Index closed at 3538.77 points at noon, down 0.54% on the day.

During the lunch break, Gu Junhao issued instructions to Liu Tingting, Wang Ruoyu, and Xu Jianqing in his office: "Starting today, we will reduce the position without distinction, and reduce the position to the lowest position we mentioned before."

Today is Monday, and there are more company affairs to be dealt with, so Gu Junhao did not enter the trading room. After seeing the market dive at noon, he sent an order to the three of them to fully reduce their positions through an emergency phone call.

In fact, after a month of increase, almost all the reductions that should be reduced have been completed, especially on the self-operated market and Junshi No. 70, the positions are already very low, and Junshi Price Investment has always maintained a position of [-]%.

It didn't fall much in December, and it rose sharply for 20 consecutive trading days in January. The funds of Christians have forgotten Gu Junhao's limit, and there are not a few people who scold him every day.

However, the institutions and large investors in Junshi Investment are relatively thieves, and they started to lighten their positions in December last year and January this year.

In the past two months, although the net value has been maintaining growth, the overall scale of Junshishi Investment has not increased but decreased, all of which are the result of large investors running away.

Gu Junhao, who has the name of Maoxiang Manager, failed to win the 2017 annual public fund income champion. After the subscription quota of his funds was limited at the end of November, December did not have the expected sharp drop.

In January 2018, the market continued to rise crazily above 3500 points, and hit a new high in two years.

This also makes the market wonder whether Gu Junhao, who has always had a big picture, has misjudged the direction of the market this time. The trend in January 2018, the market is obviously heading in the direction of the bull market.

From the blue-chip rebound in 2016 until the end of 2017, it finally attracted the attention of leeks. Value investing has been repeatedly mentioned by major media, and the leeks who have been seriously PUA have finally begun to enter blue-chip stocks in 2018. .

In the afternoon, the Shanghai Composite Index, led by the steel sector, ushered in a wave of rebound, but the index has never turned red, but the disk funds continued to flow out.

As of the close, the Shanghai Composite Index rose and fell back, falling by 0.99% throughout the day, with a turnover of 2854 billion yuan. On the K-line, there are two negatives at a high level and one positive, which is a sign of a sharp drop.

The liquor sector plummeted 4.73%, ranking first in the two cities.

On January 2018, 1, in Gu Junhao’s view, it looked very much like the transactions after the Spring Festival under the 29 fund boom. A wave of rebound.

After the market, Gu Junhao deliberately observed the comments in the major stock comment areas, and found that the speeches on the day of the sharp drop after 2021 are similar in purpose.

Such things as reversing the car to pick up people, value investing is buying more and more as it goes down, and it doesn't matter if the fund is set to drop for a day, etc., are full of major websites.

After watching for more than half an hour, Gu Junhao couldn't help but shook his head and said, "People are different every year, but leeks are always of the same kind."

After a month of skyrocketing, these people have forgotten the horror of a bear market. How can a trading volume of 3000 billion a day support a bull market? ?

　Today is just one chapter. I have caught a cold for the past two days and have no energy.

　　
　
(End of this chapter)