超越市场 Beat the market

If everybody was happy with the market return (Beta Return), it would be a very boring world. Just because there are unlimited opportunities, some people do manage to beat the market and make a better return (Alpha Return) and some people fail to win the market thus they lose money. Today I am going to introduce several strategies that are useful.
如果每个人就安于市场回报(Beta 回报), 这个世界会相当的无聊。正是因为市场上有无穷多的机会,一些人的确能够赢过市场;同时一些人也会输于市场。今天我会介绍一些有用的策略。
First of all, let me introduce Core-Satellite concept: We can assign most of our money into a passive index (e.g S&P 500), let’s say 80% and it is your core position, the rest of money can go to some other investment, such as buying some cool stock like Tesla or Amazon and they are your satellite positions. This composition allows you to gain extra return if the picked stocks are going well, and even if they don’t go well, you still have 80% in the passive index, so downside is limited and you are not going the complete opposite of the market.
先让我介绍一下核心-卫星投资概念:我们可以把大部分钱放到被动管理的大盘(比如 S&P 500), 比如80%, 它是你的核心投资。剩下的钱可以投资一些不错的股票例如特斯拉和亚马逊,这些是你的卫星投资。 这种方式可以让你获得超过大盘的回报, 如果这些股票走势不错,如果他们走势不行,你仍然有80%在大盘里,你的回报不会完全反向市场走向。
There are some options that can be your alpha:
下面有些作为Alpha的选择
Some good stocks you think will outperform.
挑选一些好的股票
Some sector likely to perform (NASDAQ, or QQQ The top 100 stock in NASDAQ).
挑选一些好的板块(比如纳斯达克, 或则QQQ , 纳斯达克前100的股票)
Add some leverage (There are are leveraged ETF, such as UPRO (3 times of return of S&P 500), TQQQ ( 3 times of return of QQQ)
加一些杠杆(3 倍的大盘回报 UPRO, 3 倍 TQQQ的回报)
Some leveraged Muni fund (Their return are very attractive if your tax bracket is high and it also generates passive cashflow every month)
一些加杠杆的地方债基金(如果你的税率高,它回报相当不错,而且每个月提供cashflow)
One of my retirement fund has employed leverage UPRO at certain time, and it beats S&P 500 by 10% for the last year.
我的一个退休账号去年在一段时间加了杠杆,它的回报超过大盘10%
There could be other options you can apply, let me know what your thoughts are!
也许你也有其它的想法,你也可以分享一下!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: