【股票】台股還沒漲完？1檔高股息ETF年賺20%？00940換股小心5風險？ft.清流君｜下班經濟學460

Summary

The video discusses the risks of investing in high dividend ETFs and highlights the importance of choosing the right investment strategy. It features insights from an expert, Qing Liu Jun, who warns against the pitfalls of common approaches like regular purchases and recommends a specific high dividend ETF (00713) for its strong historical performance and stability. He emphasizes the benefits of a one-time investment over periodic buying and stresses the importance of understanding market dynamics and risks associated with high dividend ETFs.

Takeaways

• 📈 High Dividend ETFs in Taiwan have reached a total scale of over 1 trillion Taiwan dollars in 2024, indicating significant market interest.
• ⚠️ There are risks associated with buying ETFs, especially if done incorrectly, such as the potential for losses through 'front running' strategies.
• 🤔 The concept of 'eating tofu' refers to a predatory trading practice where large players manipulate the market to their advantage, often at the expense of retail investors.
• 🌐 'Front running' is an international term for a strategy where traders anticipate the market movements of large funds, such as ETFs, to make profits.
• 📉 High Dividend ETFs are weighted by dividend rates, which can lead to smaller market cap companies having a disproportionately large impact on the ETF's performance.
• 😓 Retail investors are often the ones who suffer losses in these strategies, especially those who are new to the market or hold long-term positions in ETFs.
• 💡 The speaker recommends a specific High Dividend ETF, 00713, which uses a multi-factor scoring system and minimum variance weighting, showing a historical performance of 20% annualized return.
• 📊 The Sharpe Ratio of 00713 is 1.28, indicating a high risk-adjusted return compared to other ETFs.
• 📉 The strategy of 'All in' investment, where one invests a lump sum at once, is suggested to be more effective than regular fixed investment plans, historically showing higher win rates.
• 📚 The script emphasizes the importance of understanding market indicators like the Shiller P/E Ratio for long-term investment decisions.
• 🌐 Diversification through a mix of global stock ETFs and total bond ETFs is recommended for general retail investors as a robust asset allocation strategy.

Q & A

What is the total scale of high dividend ETFs in 2024 mentioned in the script?

The script mentions that the total scale of high dividend ETFs in 2024 has broken through 1 trillion yuan.

What is the potential risk associated with buying ETFs using the wrong method according to the script?

The script warns that using the wrong method to buy ETFs could be the start of losing money, with the metaphor of 'eating stinky tofu' indicating a bad outcome.

What does the term 'eating tofu' refer to in the context of the script?

In the script, 'eating tofu' refers to the practice of front-running, where certain parties anticipate the actions of large investors, such as ETFs, and take positions to profit from the expected price movements.

What is the recommended ETF by the index investment expert in the script, and what is its unique feature?

The script recommends a single high dividend ETF, the Yuanta High Dividend Low Volatility ETF (00713), which is unique for its selection criteria and weighting method based on the minimum variance model.

What is the annualized return of the recommended ETF over the past five years according to the script?

The script states that the recommended ETF has an annualized return of up to 20% over the past five years.

Why does the script suggest that regular fixed investment might be a wrong approach for investing in high dividend ETFs?

The script suggests that regular fixed investment could be a wrong approach because it may lead to buying in at higher prices, which could result in mean reversion and potentially lower long-term returns.

What is the difference between monthly dividend distribution and quarterly dividend distribution as discussed in the script?

The script discusses that monthly dividend distribution might be a marketing ploy to attract investors, whereas quarterly distribution avoids the cash drag and is more aligned with the actual dividend distribution schedule of companies.

What does the script suggest regarding the strategy of combining different ETFs for investment?

The script suggests that combining different ETFs without considering their factor exposure can lead to conflicting investment strategies and may not yield the desired benefits.

What is the script's stance on the 'All in' investment strategy compared to regular fixed investment?

The script supports the 'All in' investment strategy over regular fixed investment, stating that it has a higher win rate and better performance over the long term.

What advice does the script give for general retail investors regarding ETF investment in the current market?

The script advises general retail investors to consider a balanced asset allocation strategy involving global stock ETFs like VT and global bond ETFs like BNDW, rather than focusing solely on high dividend ETFs.

How does the script address the concern of investing at a market peak with the 'All in' strategy?

The script addresses this concern by showing that even if one invests at a market peak, the long-term performance will still be significant, and the difference in performance between perfect market timing and no timing at all is not as significant as one might think.