Choosing a fund How to evaluate a fund company

The expected growth rate of ** is expected to exceed the interest on deposits. Secondly, in terms of investment risk, to measure the degree of investment risk, it must include:

1) Ability to cash out Because once there is a problem of this or that, investors consider whether they can cash out;

2) how capital is secured;

3) Set your own acceptable risks.

At the same time, it is possible to compare the performance of other ** companies or between managers of one ** company. Because, usually a large-scale company will select several ** managers at the same time, you can compare the performance of these ** managers to understand who has a higher rate of return and whose ** strategy is better.

In addition, it can be compared with the ** index. Because investors choose **, they want to be on par with the increase in the ** index. Finally, we believe that the most important principle for measuring the performance of ** managers is how big the return rate of investors is under a given risk level, and "judging heroes by success or failure" is the most important criterion for evaluating ** managers.

Such illegal acts are very likely to endanger the rights and interests of investors, and investors should be vigilant at this time, so as not to use their hard-earned money as a bargaining chip for speculation. Shareholder background of the company: The shareholder background of the company often becomes a key factor in whether the company can operate independently.

Generally speaking, ** companies with fresh shareholder background images and investment management expertise are more able to provide complete and good ** financial services. In addition, the more complete the types of companies are common, the more they can meet the needs of investors with different attributes.

Qiantu Financial believes that in addition to referring to the evaluation results of experts, investors can also make a general judgment on the company. The past performance of the management company is the best proof of the company's investment ability. For general investors, it may be more to judge the performance of ** by its net worth growth ability.

However, it needs to be emphasized that due to the attributes of the company and the cyclical nature of its operation, the performance of the good performers at this stage is quite uncertain in the later stage; Investors must not be blinded by the glorious historical performance of a certain ** management company. When examining the overall investment and operation ability of the management company, the inspection time period must have a certain length, and the inspection object must include the historical performance of all the ** under its jurisdiction, and can be given different weights according to the scale. The reason why we want to inspect all of its ** is to avoid the shortcomings of the company's "star" development strategy.

If all the companies under its jurisdiction can show a relatively good level of operation for a long time, the more it shows that the company's investment management capabilities are built in a complete set of investment management systems, rather than relying on a certain person. In the context of the establishment of a more mature investment management mechanism, the impact of certain changes on the future performance of ** will be minimized. Under this mechanism, the new ** can also give the market stable and good performance expectations.

On the contrary, the outstanding performance mainly depends on the ability of the manager or a certain person to perform prominently, and the risk of uncertainty will be greater in the event of important personnel changes. The change in the company's equity will also have a greater impact on the entire company. Because the change of major shareholders or important shareholders may affect the original investment management operation mechanism of the company, and may even affect the investment management technology, thereby fundamentally affecting the investment management ability of the company.

For example, the better performance of Wells Fargo ** company after the joint venture is related to the involvement of foreign parties in management and the introduction of new investment ideas; And some ** companies will seriously damage the interests of investors after the controlling stake falls into a financial group with bad intentions.

When we choose a company, we will hardly leave the company to choose one, which shows that we all know the importance of the company, how to judge the quality of a company? We can consider the following points.

Research team. The company's research team is the core of a company, a good company not only requires a good management scale, but also has a rigorous investment discipline and keen investment strategy, in the domestic market, the average number of years of manager management is two years, the liquidity is relatively large, and the replacement of the manager is also the norm, as long as there is an excellent team behind the support, even the manager change will not have a big impact on the original good operation.

Comprehensive rankings and awards.

The ranking of the best companies in the market is updated almost every quarter, and you can focus on those companies that are basically stable in the top 10 in the market, and large-scale companies must have an advantage in terms of stability, and you can pay attention to the winners of authoritative awards in the industry, such as the Golden Bull Award, the Golden Award and so on.

Market evaluation. The eyes of the masses are bright, and the investors who have held a certain **company** have the most say in the **company, you can learn more about the evaluation of ** company by netizens from all walks of life on the Internet, and pay attention to various news, if a company has negative news on the Internet, I believe you will not like such a company.

Try to diversify your investments.

Every investor may have their own trust in the company, some people like to choose a company after the selection of the company, the operation strategy of the same company is to present certain characteristics, stock selection methods, settings, etc., if you choose the same company, you can not achieve the effect of diversification, but increase your risk.

Valuation is the process of calculating and evaluating the value of assets and liabilities in accordance with fairness, and determining the net asset value and the net value of the share. Valuation is a useful reference in the process of investing. Most investors will choose to sell at a low valuation** and at a high valuation.

In the process of investing, what do we need to pay attention to about the valuation?

Index valuation percentiles.

We usually judge the valuation of an index by the valuation percentile, what does the valuation percentile mean? For example, if the valuation percentile of an index is 80%, it means that the valuation of the index is higher than the valuation of 90% of the historical level.

The main thing that needs to be done here is that the valuation level is different in different time intervals, so there will be such a phenomenon: the same valuation percentile is based on the valuation percentile, the valuation of the past 10 years shows that the index is in the normal valuation range, and the valuation of the past 5 years shows that the index has entered the high valuation area. The level of the valuation percentile is different for different time periods.

So what kind of valuation range should we choose? Generally speaking, it is reasonable to choose a valuation range that includes at least one complete round of bull and bear markets, with both bull and bear market data, such as valuations in the last ten years.

Different industries, due to different cyclicalities, choose different valuation methods.

For example, in strong cyclical industries, we generally use the price-to-book ratio (market capitalization ratio to net assets) valuation, because this type of industry is more volatile, and the volatility of profitability is relatively strong, but the net assets are relatively stable, such as brokers, banks, etc.

For cyclical industries, it is more suitable to use the P/E ratio (market capitalization ratio to net profit) method, because this type of industry is less affected by the economic cycle and has strong rigid demand, so the profit is relatively stable, such as consumption, medical care, etc.

There are many investors who like to decide whether to **** according to the level of valuation, for example, when they see a certain sector, although the rise is gratifying, they will not dare to buy it because the valuation is relatively high, and then this plate has risen all the way, and all secretly regret it. In fact, valuation represents past data, but our investment is indeed the future of assets, and we cannot make investment decisions based on valuation one-sidedly.

Valuation can be used as an auxiliary tool for our judgment, after a complete analysis of the industry's prospects, profitability, etc., supplemented by valuation as a judgment of entry time.

The naming of a ** is named at the beginning of the company, when we choose a**, we will hardly leave the **company to choose a**, indicating that we all know the importance of **company, **investment is oriented to long-term investment returns, if a ** is just a good performance, the ** company behind it is not good, and it is difficult to maintain good returns for a long time. How to judge the quality of a ** company? We can consider the following points.

Research team.

The company's research team is the core of a company, although a direct manager is the manager, but now the era of the star manager has passed, the strength of the overall research team is more important, a good company not only requires a good management scale, but also has a rigorous investment discipline and keen investment strategy, in the domestic market, the average number of years of manager management is two years, as long as the excellent team is behind the support, even if A change in manager will also not have a big impact on what would otherwise be a good job.

Overall ranking

There are almost new ** companies in the market every quarter, most of them are from the management scale, you can focus on those ** companies that are basically stable in the top 10 in the market, and look at the comprehensive ranking several times, the stronger the stability, the better, it is undeniable that there are some small ** companies have one or two better management**, however, a single branch is not spring, a hundred flowers bloom is spring.

Market evaluation.

The eyes of the masses are bright, investors who have held a certain **company** have the most say in **company, a thousand readers have a thousand Hamlets, you can learn more about the evaluation of ** company from all walks of life netizens on the Internet, and you can also learn about the point of view from different angles, I don't like those who pay dividends at every turn, in order to meet the needs of the market, reduce the net value by dividending, resulting in a certain loss to the holder. Also pay attention to all kinds of news, if a company has a lot of negative news on the Internet, I don't believe you will like such a company either.

Diversification

No matter how good the ** company is, it can't take all the orders for its **. Every investor may have their own favorite company, some people like to choose a company after the continuous selection of the company, the same company strategy is to present a certain characteristics, stock selection methods, settings, etc., if you choose the same company, can not achieve the effect of diversification, but increase their risk.

The above are some suggestions on how to choose the best company, I hope it will be useful to you.

If you want to buy, it is not particularly important to choose a company, it mainly depends on what you want to buy. If you want to buy a bond-type **, then you can choose Peng Hua. If you want to buy it.

Then you can choose Huaan.

But if you want to find a first-class company to go to work, then this must be the principle of proximity.

Valuation refers to the process of calculating and evaluating the value of assets and liabilities in accordance with fairness to determine the net asset value and the net value of the shares.

Generally speaking, on the trading platform, when we go to check a, we can see the valuation of the day, the valuation of the day is simply a**, after the market is closed, what is the net value to be announced at night, and the valuation is also changed according to the market situation, so the significance of the valuation is to give investors a reference for the operation, so that investors can have a number of the trend of the market, and the valuation method of the different trading platforms may be slightly different. But the difference won't be huge.

The valuation of ** is not equivalent to **net worth, and the real ** net value needs to be subject to the ** company's announcement. Valuation is a data that precedes net worth. If the investor wants to operate on the same day, he can refer to the valuation of the day to make a decision.

We also have some issues that need to be paid attention to when making ** valuations.

First, the consistency of valuation methods

Valuation needs to pay attention to the consistency of the gold valuation method, the consistency of the valuation method means that the platform adopts the same valuation method when valuing the platform, abides by the same valuation rules, and the valuation consistency corresponds to the openness of the valuation method, which is considered from the valuation method, and the openness of the valuation method means that the valuation method used needs to be publicly explained and disclosed in the prospectus, and the investor passes the announcement. The prospectus can be viewed in the valuation method of **.

Second, the frequency of valuation

There is a valuation rate problem in the valuation of **, which is easy to ignore, but it is very important that the valuation time of the open ** is the same as the time of the open subscription and redemption. Generally, valuations are carried out at regular intervals, and regulations specify a minimum valuation frequency. As an investor, you need to grasp the frequency of this valuation.

Third, underestimating operations

If the subjective judgment of the valuation of ** is determined by the **manager, there may be the problem of **valuation undervaluation, so the operation and undervaluation of ** operation and undervaluation problems need to be paid attention to when investors value ** assets.