Value Added After The 1980S: How Asset Allocation For Young Single Professionals

Huatai Securities analysts believe that now the macro face good interest rate debt, configuration market is still established.

In 2011, Chinese investors were suffering from high inflation. They experienced double bonds and experienced a sharp decline in the price of gold.

In 2011, with less than two months to go, how should we allocate assets, achieve balance in risks and benefits, and achieve our financial goals?

In response to the different needs of three kinds of investors, such as risk aversion, risk neutrality and risk preference, the financial weekly reporter consulted many professionals in the industry to find out the strategies and suggestions for the five categories of assets, including cash, equity, fixed income, overseas assets and commodities.

Risk aversion can focus on Monetary Fund

"To our understanding, there are quite a large proportion of clients who do not make financial planning now. Their assets are basically based on currency holdings, while a small number of bank financial products are subsidiary."

A bank financial manager in Shanghai told reporters.

Such risk aversion investors are mainly due to the lack of investment knowledge and ability, and the strong desire for property safety, mainly in the elderly.

"In fact, many people try to invest without knowing it, and then they are hurt, so they dare not try again."

The financial manager told reporters.

For such investors, the advice given by the financial manager is that under the premise of ensuring the liquidity of the fund, fixed income products are a good choice. Take part (about 50%) to buy guaranteed capital or bond funds.

"In the case of inflation, holding money is bound to suffer losses. If we must keep money, we can pay attention to the regular interest rates of different maturities, and make more use of the seven day notice deposit to adjust our funds.

The next two months will soon come to the end of the year. We can pay close attention to the short-term financial products and monetary fund launched by the banks at the end of the year for the withdrawal of funds.

Analysts at Huatai Securities (10.54,0.00,0.00%) believe that the macro market is favorable for interest rate debt, and the allocation market is still established.

The bottom of credit debt has passed, especially in the middle and high ratings.

However, after a substantial improvement in the early stage, the profit margin in the short term is relatively limited. However, considering the positive stimulation from the macro level and capital to the senior and senior credit bonds, the yield is also difficult to go up in the short term, and it is suggested that the operation should be based on sound operation.

If investors want to gain short-term earnings from the bond market or use bond varieties for medium - and long - term asset allocation, the bond fund will undoubtedly provide a good investment channel.

Sun Zhiyuan, a good buy fund, suggests that the choice of bond funds should not only focus on the proportion of securities, but also examine the duration of holding stocks.

We see more interest rate products in the early stage strategy, but in view of the fact that corporate bond yields are at a historically high level, there is a huge downward trend in credit spreads. At the same time, both policy and price indices are at a turning point with limited upside and unlimited downlinks. We believe that the duration of portfolio portfolios should be extended as far as possible, while moderate rotation of securities should be carried out to enlarge portfolio risks and gradually pition from previously well performing interest products to credit products.

In strategy, investors can use the "credit product + long term" configuration to choose a higher proportion of credit product investment and a longer combined average maturity fund.

Sun Zhiyuan told reporters.

The risk neutral can be matched with 40% bonds.

For the general urban middle class families, the asset allocation needs both preservation and appreciation.

A foreign bank financial advisor gives the asset allocation standard of 30% stocks, 40% bonds, 10% gold, silver and other precious metals, and 20% investment overseas.

"In the past, investors would be advised to buy real estate, but now liquidity is tight, prices are loose, and short-term investments suggest that investors avoid property."

The financial adviser said.

"A shares are now undervalued, and this year China's economic situation is better than that of the US and Europe. The A shares have been oversold. Now A shares are getting warmer and the market sentiment is relatively good, but the fundamentals have not changed. Therefore, investors are advised to be cautious in the following market.

In the early days, bonds fell sharply and fell out of investment opportunities, and in general, the probability of default was not large.

"Gold is now a variety of families, but in the short term, the location is already high, and the best trading season is over.

China's economic growth rate has been ahead of the world in the past twenty or thirty years, but its economic growth rate may slow down in the future.

So investors should have this foresight. Global investment is also a way to spread risk. "

The former financial adviser told reporters.

But another commodity trader does not recommend ordinary investors to buy gold.

"I do not recommend that ordinary investors buy various forms of gold for investment purposes.

Gold itself does not yield interest, and physical gold has the cost of preservation.

Moreover, as a hedge species, the fluctuation of gold is larger. No matter it is rising or falling, it tends to intensify in one direction.

In fact, not many ordinary investors really make money through gold trading. "

"The direction of gold and real economy is the opposite, and its biggest value now is avoiding risks.

But the US employment figures are good, and the economy is also improving, at least not as bad as domestic imagination.

The only problem now is Europe.

However, judging from the trend of gold, it has gone out of the top, and in the short term, it is difficult to break the top again.

Risk preference is suitable for long-term layout.

Equity products

Mr. Lee studied insurance at University, and now he works in a financial institution.

Years of work experience in financial related industries has made him more willing to take care of personal property than most of his peers.

As a young, single professional, and having plans to get married, Lee's disposition of personal property is biased towards enterprising style, and high interest and high return equity assets become the focus of his personal asset allocation.

"About 80% of my personal assets are invested in the domestic market, of which about 75% are invested in equity assets, such as stock and index funds.

In addition, my university's insurance major has always had a sense of prevention. I have 5% of my assets invested in insurance.

For the sake of risk diversification, I still have 20% of assets to invest in overseas markets.

Because of the limited channel and high cost of personal overseas direct investment, my 20% main products are stock QDII products.

In the next 2 months, Mr. Li said he would not make a big change in asset allocation.

If there is any adjustment, it should be an additional equity investment.

"It feels like a bull market."

Mr. Li said so.

As a member of the 1980s, Mr. Lee failed to catch up with the skyrocketing housing market. Now he puts the hope of the next rapid increase in wealth on equity assets.

Now, the A share market has already completed the preliminary exploration, and in the global market out of the independent market, Mr. Li believes that the next two months, A shares equity assets will have greater opportunities.

Equity investment is more important than that of risk preference investors.

What are the opportunities and risk factors faced by equity investments at the end of the year?

A senior financial institution in China said that after a double dip in the stock market, the market valuation is at the bottom of the ten year, and the future will be greater than the risk.

From the perspective of funds, the fourth quarter of the fund is more stable, and the trend is expected to continue. The repo rate volatility is decreasing. From the policy perspective, under the background of the sharp decline of the real economy, the government has issued a drastic policy to limit the possibility of market development very little. From the market level, the A share valuation has entered the bottom of the ten year.

However, A shares also have their own risks. In addition to the instability of the external environment, the fundamentals have not changed. Therefore, we need to remain vigilant against this wave of market and the sustainability of our enthusiasm.