Annual the beginning of the year, the profession invests people to be able to write a letter to investor: Summary past, look into future. The letter of well-known investor always is very get attention, also can let a person from which derive nutrition, be benefited fine is much.
Recently, dan Yang sends the heart capital Zhao that newspaper reporter obtained Chinese fund to having the say a newborn baby with illicit patristic collect a letter of investor. See from inside the letter, this once the delegate character that value of A share price invests, investment system has gotten lost the whole world in the round macroscopical, the history of heart whole world that already built a newborn baby is promoted decline system.
Promote as global history decline systematic practice is germinant, the heart of a newborn baby got good gains 2017 in two products of Hong Kong, very old rate results from heavy storehouse Vietnam market, vietnam market (Hu Zhiming index) went up greatly 2017 48.03 ％ , since this year (up to on Feburary 27) go up greatly once more 13.75 ％ .
Transition whole world is macroscopical the Zhao Dan of investment is in relief, seek investment opportunity all over the world nowadays, investment starting point no longer the main face value of particular industry invests be confined to, differ in the whole world however the country undertakes choosing, investment category covers stock, commodity, money, futures to derive article etc all sorts of.
Stand in instantly, zhao Dan Yang expresses, product of Hong Kong fund weighs a storehouse Vietnam, still have Chinese combination and commodity combination. To Chinese combination, main configuration is mixed in medicine science and technology two industries.
Zhao Dan Yang had been initiated in Hong Kong 2003 create pair of strong fund products, held water 2003 up to now accumulative total redound exceeds 17 times.
The investment of Zhao red this world in field of A stock market, the dot when having two " walk accurate " your person is impressive.
One is 2008 first, card put together points to many a little bit 5000 on, zhao Dan Yangqing dish subordinate and all A product, in those days field of A stock market steeps fall.
Still having was 2014 first, field of stock market of A of 6 years of return is lain between when, weigh A it is the cheapest to already arrived 20 years always, will greet big ox city, after that A appeared city of a big ox.
A letter that is the heart of a newborn baby to send investor below is textual:
Send a letter of investor
Dear investor:
Hello!
2017 gallop insensibly and go, 2018 had come.
To our investor character, 2017 it is a good time.
Outstanding achievement reviewing:
A product that established 2003 is in redound exceeded 45 2017 ％ , hold water up to now accumulative total redound exceeds 17 times.
A product that established 2009 2017 redound super- 40 ％ , hold water up to now accumulative total redound is close 200 ％ .
In a few years of annals in the past, the history of heart whole world that we mention a newborn baby for many times is promoted decline the system is in in be being perfected gradually, through old setback and failure, we can announce proudly eventually, our investment frame has built, 2017 it is us what investment system succeeds in practice application is germinant.
1974, a boy calls a calf the young, he is 30 this year years old, there is a megabuck on the hand. He prefers investment, scan widely whole world, how should invest?
He decides to trade million dollar into yen, buy Japanese index ETF. To 1989, NIKKEI index (complier notes: Day classics index) rise with dollar valuation 24 times. 1 million become 24 million dollar. Those who work is pretty good! Calf young is breaking a finger to calculate, was in Japan to had been waited for 15 years. Have the life of bit of cheesed Japan, want to change kind of way of life. All the way knapsack, the whole world is ramshackle went to California, like the beautiful sunshine of California very much, the decision is waited for in California come down. Lived Silicon Valley after a year, the industry of science and technology here grows flourishingly, want to should buy bit of United States science and technology, buy NASDAQ index ETF.
Arrived 1990 2000, NASDAQ100 index (complier notes: Na Sida restrains 100 indexes) in 10 years time rose 27 times, 24 million dollar becomes 650 million dollar. Wow, millions upon millions plute so was born, at this moment he already 56 years old. After 2000, he feels NASDAQ is too mad, after perch sells an US stock, begin a new paragraph again round-the-world and expeditionary.
He very the cate that yearns for an Asia, but Japan is too flat, calf son runs to Hong Kong again, those who like Hong Kong is busy with culture of Chinese and Western hand in collect, he decides to be waited for in Hong Kong again come down. After going to Hong Kong, he and domestic person go chinese mainland travelled a few times, calf son discovers chinese mainland population is very young, economy flourishingly up, he began to buy constant to give birth to state-owend enterprise index 2000 (HSCEI) .
HSCEI arrives from 2000 2007, rose 13 times. Calf young is when the market is mad 2007, sold all shares fortunately again. At this moment he already 64 years old, 1 million U.S. dollor already became 8.4 billion dollar. Look from fortune, had been world-class.
Earned 8400 34 years times, annual and compound grow 30.45 ％ . The investment redound of calf young is OK the investment Great Master with the toppest than the whole world can.
Studying a company hard everyday when us, study financial forms for reporting statistics, when working hard conscientiously, can deny had thought, what is is the result that has investment obtained the most important?
If after 1989, calf young is waited for all the time in Japan, can be what result -- 28 years of be on the wane. Estate price index fell at most 70% , point to dropped at most 80% . Someone says, japan also has Feng Tian, but have a few people can be bought after 1989 be but a few people can be bought after 1989,entered and hold abundant cropland? Although Feng Tian, arrive from 1989 now, hold redound of 28 years also is 260 ％ merely (1989/01/04-2018/01/29) . Under danger wall, but pay attention to one's own moral uplift without thought of others.
Great river east go, billow is cleaned out, thousand ancient talented person. The current situation makes a hero also.
The history of heart whole world of a newborn baby is promoted decline systematic compose is built after finishing, we will be promoted in what the state seeks inside global limits decline, of the industry promote decline, credit is promoted periodicly decline.
After the high speed that China goes 30 years in all previous classics develops, had entered middling speed to send exhibition period. Did not come to what more expression are industry and credit cycle to promote decline. The industry meets the tradition tend inevitably be on the wane, and medical treatment health, science and technology, high end is made, the industry such as consumption can continue to develop flourishingly. In these industries, still can a lot of can create the preeminent company of value for partner ceaselessly.
2012, we the first time enter Vietnam, after studying period of time, we pulled out inside the time that does not arrive one year, have profit a bit. 2016, we weigh a storehouse to enter Vietnam market again, we were harvested in Vietnam market 2017 great, regard next country as arisen perfect example, vietnam market will continue to put glorious greatly 2018.
Fund of our Hong Kong besides the Vietnam that weigh a storehouse, still have combination of one part China and commodity combination.
To Chinese combination, we basically are configured in medicine and science and technology two industries. Medical industry society of China of benefit from benefit from aged trend, and be can fight one of inflationary trades most; Industry of science and technology will continue bonus of engineer of benefit from benefit from, emerge in large numbers gives a batch to resemble China the preeminent company that there is international competition ability like be.
To commodity combination, our viewpoint is as follows. 1981, the United States 10 years period national debt interest rate is top for 16 ％ , thenceforth rises, the United States enters 35 years lower interest periodic. Bond market enters big ox town, to 2016, 10 years period national debt lowest is 1.4 ％ , we made empty pound of a few buy and euro national debt in August 2016 derive article, to today, direction is done was opposite, but it is not quite good that we convey what the tool designs, cash still is deficit. Not bad, the risk is exposed very small. Recently, national debt of 10 years of debt of American defeats 2.6 ％ (following plan institute are shown) , broke through pressure line of three years, we think global inflation begins aggravate.
We bought the share of class of business of a few whole worlds, basically be the stock related oil, copper and silver, will convey us to enter the viewpoint of high inflation time to prospective whole world.
2018, we can continue to perfect global history to promote decline system. Future can have a lot of setbacks and difficulty certainly, but we had shown first sight of morning first, it is good to had germinant.
The heart of a newborn baby? Openness accompanies you
Zhao Dan is in relief
January 2018
The article comes from Chinese fund newspaper
