For ordinary investors, the main contradiction of holding funds to make a lot of money is whether they can hold it or not. But there is a big difference between knowing and really understanding, so you might as well take a closer look at the discussion in the second half of this article.

　　Short-term investors lose more than 70%

On March 31, Alipay Financial think Tank released a letter from investors in the first quarter. In this letter, Alipay conducted a wide range of data analysis on popular funds.

Take Alipay Gold's selection of nearly 100 products as an example, more than 70% of the users who have held the fund for less than three months are at a loss, while among all the base people, the overall rate of return is more than 100%, or even less than 1%.

Buffett once said: if you can't afford a 50% fall in the stock price, then you're not fit to invest in stocks.

Many people understand this truth, but knowing the truth and really being able to do it are two different things. The gay people thought they could do it before they entered the court, but when the fluctuation really came, they couldn't stand it. Fundamentalists tend to underestimate the volatility of stocks, but overestimate their ability to withstand it. All I thought about before entering the arena was that I wanted to double this time. After entering the arena, I broke down as soon as I met the adjustment of mentality. I told me to give me my money back. I won't play anymore.

How can such a state of mind do a good investment, can not hold, to buy ten times the fund in ten years is also in vain.

　　Chasing the rise and killing the fall is an important reason for retail investors to lose money.

In the first quarter of 2021, many funds with heavy positions in consumer, health care and other white horse stocks retreated by more than 20%, while the theme funds of non-ferrous, lithium, and new energy all rose sharply. At this time, many people have redeemed their original funds and turned to catch up with high industry-themed funds.

Even Jimin began to teach fund managers to invest, and if I didn't change my position, I would redeem it and buy new energy ETF.

But is this gay citizen really because he understands the logic of new energy or is he influenced by the market? If he really understands the logic of new energy, why he didn't buy it when it was greatly adjusted two years ago, he would have to wait until valuations have risen so much before catching up. Don't pay attention when you fall, but catch up when you go up?

Chasing up and down is often an important reason for the base people's losses. according to the data, the rate of return of the base people who buy and sell frequently is 28% less than that of the base people who hold it motionless, and the base people who go up and down earn 40% less than the increase in the net worth of the fund.

So for investors with low psychological affordability, how to double the level of return.

　　The magic weapon to hold the doubling fund is: your position matches your risk tolerance.

Keep the funds within what you can bear. If you can only bear a loss of 10,000 yuan, then you should not invest more than 20,000 yuan.

The data show that about 89.3% of the people will feel anxious and even have insomnia when the fund is losing money. The main reason is that they choose wealth management products that do not match their risk tolerance.

It is obvious that you can only bear the fluctuation of 10,000 yuan, but you have invested a loss of 100,000 yuan, so it is no wonder that you are not anxious. If you only lose two or three hundred yuan, I'm sure you can still sleep.

Therefore, for investors, the most important thing is not to deceive themselves, accurately measure their affordability, invest in stock funds, must use their own spare money, even after losses will not be distressed, then naturally can withstand fluctuations.

If the monthly investment accounts for only 5% to 10% of your salary (the proportion can be adjusted according to risk tolerance), then your state of mind will be much better.

For example, when the market is hot, you should invest relatively less money. When the valuation of the fund is high, you can buy less, only 5%, and when the market is depressed, buy more when the valuation of the fund is low. Choose 10% of your salary income to invest, and then stick to the fixed investment and finally get out of the smile curve.

Therefore, for most of the people, the main contradiction of making a lot of money is not to choose the right time, but to be able to stay in this market for a long time.

In essence: the base people who lose money in the undervalued market have outperformed the base people who float in the overvalued market.

In the final analysis, for those with low risk tolerance, it is not important to buy more and buy less in the early stage, but whether or not to double the return is more important. When you persist in going through a few rounds of bulls and bears, and really double your income and become the 0.9% of all the base people, your investment system will be more mature and your state of mind will be more stable.

This is Xie Zhiyu Xing Quanhe run's annualized income over the years, it is not difficult to find that losses are normal, but often the next stage of increase after losses will be greater.

It's painful to withdraw 25% in 18 years, but you can't bear it, and you can't enjoy 185% in the next two years.