First, analyze the reasons for the formation of mistakes. Fund investment losses, no other reason than objective reasons and subjective aspects. From an objective perspective, it should focus on the process of growing face of the Fund's investment environment, the emphasis from the subjective causes of fund managers to consider management and operation of fund products capacities, especially in fund investment objectives and strategies, and changes in investment style . Only in this way can cause losses to the fund a more comprehensive analysis.
Second, identify and clarify investment approach is reasonable. Investors, investment funds will take some investment approach is to generate one-time investment losses, or losses arising from sub-sub-investment, in particular the periodic fixed investment, investors should be on the different methods adopted different tactics. Generated for one-time investment law tied up, as long as the fund's fundamentals have not changed the approach can be taken to cover short positions, share purchase low-cost funds. However, investments for the fractional loss of future investment should be to grasp the rhythm, to avoid new investment losses. The resulting loss of periodic fixed, it should be long term and ignore short-term losses, while focusing on long-term investment returns.
Third, a loss to understand the extent of the Fund. When the loss rate beyond the bottom line for investors, risk tolerance, investors may wish to make a corresponding redemption of action to avoid further losses. However, the tolerance range of investors, investors can choose to cover their short positions in the way, waiting for the emergence of new investment opportunities and should not blindly adjust.
Fourth, improve the execution of remedial measures. Investors in the Fund's loss of status of product analysis, to cover their short positions, or redemption, should be effectively implemented. Avoid delay Ershi good investment opportunities lost.
Fifth, take the initiative to remedy rather than a passive sort of relief. Although the fund is a long-term investment and value of investment products, as long as investors insist on a long-term investment, short-term investment losses there may also be time for space by the way, resulting in a loss be offset. But this passive investment approach is not conducive to investors to enhance investment income. This requires investors to fund product combines the performance of the fund holding product optimization. Therefore, the active process of adaptation fund products, is also optimized the process of fund products, it is erroneous investment of fund products remedial process.
2010年8月1日星期日
Per gram of gold in July down 7.38%
Yesterday, the international gold futures intraday price continued to rise slightly, as at Beijing at 20:00 on the on the 30th, the New York gold futures prices reported 1174.4 U.S. dollars, to close out the first month of this year, Yin Xian, fell 6.06%. The Chongqing branch of the gold price of Chow Tai Fook from the end of June fell to 294 yuan per gram yesterday's 272.3 yuan, has fallen by 21.7 yuan. Gold and the U.S. dollar this week, with the decline in the price of gold out of the "V" shape, this week one, two, three fell 0.34%, 1.87%, 0.02%, the stabilized and rebounded slightly on Thursday, at 30 GMT 20, the New York gold futures prices quoted 1174.4 U.S. dollars, 1.44% decline in the week to look at on line gold prices close out the first month of this year, Yin Xian, fell 6.06%. Domestic price of gold, the last, Chow Tai Fook restaurant in Chongqing Daping gold fell to 272.3 yuan / gram, more by the end of June and 294 yuan / gram or 21.7 yuan / gram, falling 7.38%, gold bullion price of 280.2 yuan from the end of June / grams fell yesterday's 261.1 yuan / gram, down 6.82%. Analysts said the news of the current lack of stimulation, gold shock trend will continue.
Crude oil market on July 30 briefing
Thursday (July 29), by promoting a weak dollar, the New York Mercantile Exchange (NYMEX) crude oil futures and the London Intercontinental Exchange (ICE) Crude oil futures edged up close stabilized.
First, the international crude oil closed on July 29 Review:
(A), NYMEX 29 day 9 Light, sweet sweet crude futures contract closed up 1.37 U.S. dollars, 78.36 U.S. dollars a barrel.
(B), ICE 29 to 9, Brent crude futures rose 1.53 U.S. dollars to 77.59 U.S. dollars a barrel.
29, New York, the dollar index substantially weakened currency, the euro / dollar rose through 1.31 U.S. dollars in intraday trading, the highest 12-week high, because of the recent strong data, investors more optimistic about Europe's economic recovery prospects in Europe. And dollar-denominated crude oil by the end of the Second Lianyin support, income volatility rose.
In addition, the market focus will be on the 30th release of the GDP growth data.
Second, fundamental news
(A), OPEC President Wilson is expected that oil prices will be steady in 2010 remaining time in between 70-80 U.S. dollars per barrel, there is no need to adjust the output of the decision.
(B), the U.S. Energy Information Administration (Energy Information Administration, EIA) 7 月 promulgated on 29 data showed U.S. crude oil imports in May rose 7.7% to 962.2 million barrels / day, for the January 2009 monthly since the first Second level, Canada's largest oil supplier, and Mexico to the second.
EIA also reported that U.S. oil demand in May increased 3.5% the year after amendment to 1,882.7 million barrels / day, for the fourth consecutive year, up 4 months, but the month fell 0.4% in November 2009 for the first time since the fall months.
(C), the United States strongly supports the position the White House on the 29th about 30 in Congress in the House of Representatives vote on offshore drilling bill, which includes a controversial provision: abolition of enterprises to pay for the oil spill compensation limit.
(D), the Russian Federation customs bureau said that Russia will raise oil transportation tariffs in August to 3.3%, and will be raised to 9.9% in December.
(E), Royal Dutch Shell Perdido in the Gulf of Mexico's new oil drilling in April the U.S. ban closed 10 months ago will not resume production, drilling ban will cause the Company's 2010 average daily production of 8,000 barrels less.
3, NYMEX crude oil futures closing price of 29 (unit: USD / barrel):
Contract Open High Low Close Volume Change positions
September / 2010 (CONU) 76.89 78.89 76.45 78.36 1.37 316883 356939
October / 2010 (CONV) 77.31 79.32 76.90 78.83 1.39 73794 99337
November / 2010 (CONX) 77.85 79.87 77.47 79.43 1.40 26939 76501
December / 2010 (CONZ) 78.49 80.41 78.00 79.99 1.40 40976 198993
January / 2011 (CONF) 79.20 80.78 78.60 80.53 1.40 7049 4320 7
February / 2011 (CONG) 79.77 81.27 79.18 81.04 1.41 4222 1907 6
March / 2011 (CONH) 80.17 81.57 79.90 81.52 1.42 2925 2482 6
April / 2011 (CONJ) 81.62 81.99 81.62 81.97 1.44 1126 1169 0
May / 2011 (CONK) 80.75 80.75 80.75 82.40 1.46 819 8286
June / 2011 (CONM) 81.32 83.07 81.15 82.81 1.49 5032 4638 7
July / 2011 (CONN) 83.01 83.18 83.00 83.18 1.49 1100 2563 7
August / 2011 (CONQ) 83.16 83.40 83.16 83.40 1.49 733 7614
Source: New York Mercantile Exchange
First, the international crude oil closed on July 29 Review:
(A), NYMEX 29 day 9 Light, sweet sweet crude futures contract closed up 1.37 U.S. dollars, 78.36 U.S. dollars a barrel.
(B), ICE 29 to 9, Brent crude futures rose 1.53 U.S. dollars to 77.59 U.S. dollars a barrel.
29, New York, the dollar index substantially weakened currency, the euro / dollar rose through 1.31 U.S. dollars in intraday trading, the highest 12-week high, because of the recent strong data, investors more optimistic about Europe's economic recovery prospects in Europe. And dollar-denominated crude oil by the end of the Second Lianyin support, income volatility rose.
In addition, the market focus will be on the 30th release of the GDP growth data.
Second, fundamental news
(A), OPEC President Wilson is expected that oil prices will be steady in 2010 remaining time in between 70-80 U.S. dollars per barrel, there is no need to adjust the output of the decision.
(B), the U.S. Energy Information Administration (Energy Information Administration, EIA) 7 月 promulgated on 29 data showed U.S. crude oil imports in May rose 7.7% to 962.2 million barrels / day, for the January 2009 monthly since the first Second level, Canada's largest oil supplier, and Mexico to the second.
EIA also reported that U.S. oil demand in May increased 3.5% the year after amendment to 1,882.7 million barrels / day, for the fourth consecutive year, up 4 months, but the month fell 0.4% in November 2009 for the first time since the fall months.
(C), the United States strongly supports the position the White House on the 29th about 30 in Congress in the House of Representatives vote on offshore drilling bill, which includes a controversial provision: abolition of enterprises to pay for the oil spill compensation limit.
(D), the Russian Federation customs bureau said that Russia will raise oil transportation tariffs in August to 3.3%, and will be raised to 9.9% in December.
(E), Royal Dutch Shell Perdido in the Gulf of Mexico's new oil drilling in April the U.S. ban closed 10 months ago will not resume production, drilling ban will cause the Company's 2010 average daily production of 8,000 barrels less.
3, NYMEX crude oil futures closing price of 29 (unit: USD / barrel):
Contract Open High Low Close Volume Change positions
September / 2010 (CONU) 76.89 78.89 76.45 78.36 1.37 316883 356939
October / 2010 (CONV) 77.31 79.32 76.90 78.83 1.39 73794 99337
November / 2010 (CONX) 77.85 79.87 77.47 79.43 1.40 26939 76501
December / 2010 (CONZ) 78.49 80.41 78.00 79.99 1.40 40976 198993
January / 2011 (CONF) 79.20 80.78 78.60 80.53 1.40 7049 4320 7
February / 2011 (CONG) 79.77 81.27 79.18 81.04 1.41 4222 1907 6
March / 2011 (CONH) 80.17 81.57 79.90 81.52 1.42 2925 2482 6
April / 2011 (CONJ) 81.62 81.99 81.62 81.97 1.44 1126 1169 0
May / 2011 (CONK) 80.75 80.75 80.75 82.40 1.46 819 8286
June / 2011 (CONM) 81.32 83.07 81.15 82.81 1.49 5032 4638 7
July / 2011 (CONN) 83.01 83.18 83.00 83.18 1.49 1100 2563 7
August / 2011 (CONQ) 83.16 83.40 83.16 83.40 1.49 733 7614
Source: New York Mercantile Exchange
International Precious Metals Market Briefing July 30
New York Mercantile Exchange (COMEX) gold 29, closing a modest rebound, weaker dollar support for gold, but the outflow of funds is to weigh. COMEX 12-month gold futures contract settled up to 1,171.20 dollars an ounce.
1, closing comments:
Integrated Media on July 29 reported that the New York Mercantile Exchange (COMEX) gold futures on the 29th to bounce off the lows from the last three months, but only a modest rebound, as investors continue to underweight positions in gold. Calm situation in the market, gold has gradually lost its attractiveness as a safe haven.
Dec Nymex gold futures contracts settled up 8.80 U.S. dollars, to 1,171.20 dollars an ounce, or 0.8%.
Support a weaker dollar price of gold, but some market participants that the recent gold price fall is a bargain hunting opportunity. However, companies generally strong results for the second fiscal quarter, and the market for European sovereign debt crisis fears weaken, investors will shift attention away from the gold to the stock market.
Silver futures followed gold and copper price gains, because a weaker dollar. COMEX September silver futures rose 17.6 cents, to 17.617 U.S. dollars an ounce, or 1%.
Nymex October platinum futures settled up 21.70 U.S. dollars, to 1,563.40 dollars an ounce, or 1.4%. September palladium futures settled up 22.45 U.S. dollars to 491.20 U.S. dollars an ounce, or 4.8%.
Second, the following is the COMEX gold closing quotes 29 (Unit: USD / ounce):
Contract Open High Low Close Volume Change positions
August / 2010 (GLNQ) 1163.8 1169.2 1158.7 1168.4 8.0 49709 35049
October / 2010 (GLNV) 1164.2 1170.4 1160.3 1169.8 8.8 12199 42663
December / 2010 (GLNZ) 1165.8 1172.0 1161.6 1171.2 8.8 100566 317956
February / 2011 (GLNG) 1170.2 1172.8 1164.0 1172.7 8.8 1182 19071
April / 2011 (GLNJ) 1169.5 1169.5 1169.5 1174.1 8.8 656 17426
June / 2011 (GLNM) 1173.6 1175.9 1167.0 1175.4 8.8 405 16288
Source: New York Mercantile Exchange
Third, following the Shanghai Gold Exchange on the 29th trading market unit: yuan / gram AgT + D Unit: RMB / kg
Contract Open High Low Close Change (yuan) Price volume weighted average price
Au100g 256.30 258.40 254.60 257.00 0.47 0.0018 256.83 72.2
Au9995 254.00 256.10 254.00 255.80 0.02 0.0001 255.76 2,920
Au9999 257.40 257.40 254.25 255.80 0.00 0 255.69 2,421.80
Pt9995 349.00 350.50 348.50 349.27 0.33 0.0009 349.01 54
AuT + D 254.15 256.00 253.68 255.48 -0.09 -0.0004 254.96 14,252
AgT + D 4085.00 4116.00 4081.00 4109.00 -8.00 -0.0019 4095.00 261,592
Deferred compensation payment of direction: AuT + D - to pay more space; Ag (T + D) - extra space.
Note: The volume measured for the two-way
Source: Shanghai Gold Exchange
1, closing comments:
Integrated Media on July 29 reported that the New York Mercantile Exchange (COMEX) gold futures on the 29th to bounce off the lows from the last three months, but only a modest rebound, as investors continue to underweight positions in gold. Calm situation in the market, gold has gradually lost its attractiveness as a safe haven.
Dec Nymex gold futures contracts settled up 8.80 U.S. dollars, to 1,171.20 dollars an ounce, or 0.8%.
Support a weaker dollar price of gold, but some market participants that the recent gold price fall is a bargain hunting opportunity. However, companies generally strong results for the second fiscal quarter, and the market for European sovereign debt crisis fears weaken, investors will shift attention away from the gold to the stock market.
Silver futures followed gold and copper price gains, because a weaker dollar. COMEX September silver futures rose 17.6 cents, to 17.617 U.S. dollars an ounce, or 1%.
Nymex October platinum futures settled up 21.70 U.S. dollars, to 1,563.40 dollars an ounce, or 1.4%. September palladium futures settled up 22.45 U.S. dollars to 491.20 U.S. dollars an ounce, or 4.8%.
Second, the following is the COMEX gold closing quotes 29 (Unit: USD / ounce):
Contract Open High Low Close Volume Change positions
August / 2010 (GLNQ) 1163.8 1169.2 1158.7 1168.4 8.0 49709 35049
October / 2010 (GLNV) 1164.2 1170.4 1160.3 1169.8 8.8 12199 42663
December / 2010 (GLNZ) 1165.8 1172.0 1161.6 1171.2 8.8 100566 317956
February / 2011 (GLNG) 1170.2 1172.8 1164.0 1172.7 8.8 1182 19071
April / 2011 (GLNJ) 1169.5 1169.5 1169.5 1174.1 8.8 656 17426
June / 2011 (GLNM) 1173.6 1175.9 1167.0 1175.4 8.8 405 16288
Source: New York Mercantile Exchange
Third, following the Shanghai Gold Exchange on the 29th trading market unit: yuan / gram AgT + D Unit: RMB / kg
Contract Open High Low Close Change (yuan) Price volume weighted average price
Au100g 256.30 258.40 254.60 257.00 0.47 0.0018 256.83 72.2
Au9995 254.00 256.10 254.00 255.80 0.02 0.0001 255.76 2,920
Au9999 257.40 257.40 254.25 255.80 0.00 0 255.69 2,421.80
Pt9995 349.00 350.50 348.50 349.27 0.33 0.0009 349.01 54
AuT + D 254.15 256.00 253.68 255.48 -0.09 -0.0004 254.96 14,252
AgT + D 4085.00 4116.00 4081.00 4109.00 -8.00 -0.0019 4095.00 261,592
Deferred compensation payment of direction: AuT + D - to pay more space; Ag (T + D) - extra space.
Note: The volume measured for the two-way
Source: Shanghai Gold Exchange
Want to fund conversions? Tell you the three skills
One of the market environment switching. The purpose of converting the Fund is to promote the improvement of the net funds to maximize return on investment fund. Typically, if the bearish stock market, investors may be high-risk stock funds converted into low-risk bond and money funds; the stock market to improve, investors may be bond funds or money into stock funds.
Second, as a fund management company with internal switches. Since the Fund conversion involves rates Ditiao Zheng, in order to help investors save switching costs, are large-scale strength will Fund Inc. are both introducing open-end fund Xianghuzhuanhuan Ye Wu, Erju conversion Feiyong to offer.
Third, in conjunction with their risk tolerance for fund switching. Investors to fund conversion process, but also their psychological adjustment and adaptation fund investment process, particularly in low-risk bond funds, currency funds to high-risk stock funds in the process of conversion, investors should take full account of their risk tolerance.
In fact, whenever a major change in the capital market is the best time for conversion of funds, but there is one thing to note is not to switch funds frequently, because every conversion of funds to pay the costs of frequent trading will increase costs, but too often convert The funds may result in loss of investment income.
Second, as a fund management company with internal switches. Since the Fund conversion involves rates Ditiao Zheng, in order to help investors save switching costs, are large-scale strength will Fund Inc. are both introducing open-end fund Xianghuzhuanhuan Ye Wu, Erju conversion Feiyong to offer.
Third, in conjunction with their risk tolerance for fund switching. Investors to fund conversion process, but also their psychological adjustment and adaptation fund investment process, particularly in low-risk bond funds, currency funds to high-risk stock funds in the process of conversion, investors should take full account of their risk tolerance.
In fact, whenever a major change in the capital market is the best time for conversion of funds, but there is one thing to note is not to switch funds frequently, because every conversion of funds to pay the costs of frequent trading will increase costs, but too often convert The funds may result in loss of investment income.
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