Behavioral finance is a comprehensive theory combining finance, psychology and anthropology, trying to reveal the irrational behavior and decision-making rules of financial markets. According to this theory, the stock price is not only determined by the intrinsic value of the enterprise, but also influenced by the behavior of investors to a great extent, that is, the psychology and behavior of investors have great influence on the price decision and its changes in the securities market. It is a theory corresponding to the efficient market hypothesis, and its main content can be divided into two parts: arbitrage restriction and psychology. In the financial field, investment means buying securities or other financial or paper assets. Valuation is a method to estimate whether the price of a potential investment is worthwhile. The types of investment include real estate, securities investment, gold, foreign currency, bonds and stamps. After that, these investments may provide future cash flows, and their value may increase or decrease. Investment in the stock market is carried out by securities investors.
The collective investment plan encourages investors to buy securities by enhancing the investment value. Securities investment refers to the investment behavior and process that investors (legal persons or natural persons) buy stocks, bonds, funds and other securities and their derivatives to obtain dividends, interests and capital gains, and is an important form of indirect investment.
1, Principles of Securities Investment
(1) Principle of optimal combination of benefits and risks:
The best combination of income and risk is to maximize income as much as possible under the premise of certain risks; Or on the premise of a certain income, minimize the risk;
(2) the principle of diversification:
Diversification of securities and establishment of scientific and effective securities portfolio;
③ Principle of rational investment:
Securities investment should be carefully invested after analysis and comparison.
2. Opening of securities investment accounts
To invest in securities, you need to apply for a corresponding investment and wealth management account in a large securities company with a full-service license. Investment and wealth management accounts can be used for a series of financial instruments such as stocks (including A shares, B shares, H shares, etc.). ), bonds (including government bonds, corporate bonds, etc. ), futures (including financial futures such as stock index futures and foreign exchange futures, binary options such as Meetrader, commodity futures such as metal futures and agricultural products futures, etc. ) make annual securities investment. The opening of a securities account can be handled in the business department of a securities company, and it needs to be handled within the trading day. Some securities companies, such as Guotai Junan Securities, can make online appointments through the websites of various provinces (such as Guotai Junan Guangdong), and the time for opening accounts by appointment is also flexible, and accounts can be opened during working hours, lunch break and Saturday and Sunday.
3, the role of securities investment
(1) Securities investment provides an important channel for social financing and is an effective way for all kinds of enterprises to directly finance;
(2) Securities investment is conducive to standardizing capital investment and improving the efficiency of capital use, thus guiding the rational flow of resources and realizing the optimal allocation of resources;
(3) Securities investment is conducive to improving enterprise management, improving enterprise economic benefits and social visibility, and promoting the rationalization of enterprise behavior;
Securities investment provides an important means for the central bank to carry out financial macro-control and is of great significance to the sustained and efficient development of the national economy; For the high-net-worth investors in China, it has become more and more difficult to get a good return on investment in the past few years due to the violent fluctuation of the stock market and the macro-control of the housing market.
Compared with foreign markets, China stock market, firstly, lacks a mature hedging mechanism with short selling and leverage as tools, and cannot achieve absolute returns like overseas hedge fund investment. Secondly, due to the lack of supervision, insider trading in China stock market is a serious problem, and individual investors without insider information are at an obvious disadvantage in stock market trading. Third, due to the unreasonable listing mechanism of companies, the stock market often becomes a channel for listed companies to circle money and lacks the value of long-term investment. Finally, due to the lack of independent supervision of domestic financial audit companies, it is easy to cause financial fraud of listed companies, which further increases the risk of long-term investment in the stock market.
Due to the rapid growth of housing prices in the past few years, the government has to intensify macro-control to curb speculation in the real estate market. The era of profiteering in China's real estate investment is over. Therefore, high-net-worth groups began to stay away from the housing market and consider other investment channels. In recent years, overseas investment has become the choice of many high-net-worth investors for many reasons:
1, pursuing absolute return on investment;
2. Internationalization of asset allocation;
3. Decentralized asset allocation;
4. Security of assets;
5. Immigration;
6. Children studying abroad;
7. Overseas house purchase for the purpose of leisure and vacation;
8. Enjoy lower interest rates on overseas loans.
As a possible overseas investor, you should first answer the purpose of investing overseas.