Generally speaking, we usually say that the four indicators of fund screening are the establishment time of the fund, the scale of the fund, the liquidity of the fund and the rate of return of the fund. So what are the channels for buying funds? The following small series will answer your question.
What are the channels for purchasing funds?
Banks: Many banks provide fund sales services, and investors can buy fund products through bank counters or online banking.
Securities companies: Securities companies are common fund sales channels, and fund products can be purchased directly in the sales department of securities companies.
Fund Company: Investors can contact the fund company directly, and purchase funds through the fund company official website, the customer service hotline or the sales department.
Third-party platforms: Some third-party platforms such as fund supermarkets, online securities and internet financial platforms provide fund sales services, and investors can purchase funds through these platforms.
Insurance companies: Some insurance companies also provide fund sales services, and investors can purchase funds indirectly by purchasing insurance products.
Investors should consider the following factors when choosing the purchase channel: cost, service quality, types and choices of investment products, convenience, etc.
What risks should we pay attention to in fund operation?
Market risk: the net value and income of the fund are related to market fluctuation, and market uncertainty may lead to the decline of the fund value.
Insufficient risk diversification: investors should reasonably diversify their investments to reduce the risk of a single fund or asset class. Excessive concentration of investment may increase risks.
Interest rate risk: bond funds are greatly affected by interest rates. When interest rates rise, bond prices may fall.
Economic policy risk: macroeconomic policy changes and policy adjustments may have an impact on the performance of the fund.
Management risk: the fund manager's ability, management strategy and decision-making process may affect the performance of the fund.
Liquidity risk: some funds may have liquidity risk, that is, they may face higher bid-ask spread and transaction cost when buying and selling funds.
Legal and regulatory risks: changes in laws and regulations may have an impact on fund investment.
What are the four indicators of fund screening?
1, when the fund was established
Generally speaking, it is better to set up a fund in three to five years. Compared with the new fund, the old fund is less volatile, that is, more stable and less risky. In addition, compared with the new fund, the old fund has three to five years of historical data for reference, which can make a relatively reasonable evaluation, while the new fund has no historical data for reference, just like opening a blind box.
2. The size of the fund
Generally speaking, the bigger the fund, the better, because the bigger the fund, the more funds available, and more funds can be used for many uncontrollable factors. The probability that the fund cannot operate due to financial problems is very small, the probability of fund liquidation is even smaller, and investors' fund redemption is more secure. However, we should also be clear that the larger the fund scale, the more difficult it is to operate and the higher the professional level of fund managers. Generally speaking, the size of money funds is larger than that of bond funds, stock funds and hybrid funds.
3. Sharp ratio
Sharp ratio can comprehensively reflect the risk and income of the fund, that is, the income that can be exchanged for each unit of risk can be regarded as a marginal income. Other things being equal, the greater the increment of income per unit risk, the better. Therefore, other things being equal, the greater the sharp ratio, the better. Sharp ratio is usually used by investors to compare the cost performance of funds, and the higher the cost performance, the better.
4. Maximum retreat
The maximum withdrawal of the fund refers to the range from the highest to the lowest net value of the fund in a period of time, that is, the fund fluctuates extremely badly in a period of time, which is also the biggest loss for fund investors in a period of time. Other things being equal, the lower the maximum withdrawal amount of the fund, the better. Maximum retracement can intuitively know the maximum loss degree of the fund in a certain period of time, and can evaluate whether one's risk tolerance can accept the maximum loss of the fund. For example, if the daily net value of a fund 1 month 1 0 yuan is 1 day, and the daily net value of February1day is 5 yuan, the maximum withdrawal ratio of the fund this month is 50%.
In addition to these indicators, there are also fund handling fees, the frequency of fund managers changing, the maximum withdrawal amount of funds, Sharp ratio, Shanghai and Shenzhen 300 income curves, etc., which can be used as the analysis indicators of funds.
The fund you bought has fallen, will you increase your position?
Generally speaking, after the fund falls, you can choose to add positions. The main reasons are as follows:
1. When the fund falls, you can diversify the cost of the fund you bought at a high level by choosing to add positions, so as to turn losses into profits. If you don't add positions, it may take a long time for the fund to rise back.
2. If we choose to invest in the fund, we will add positions at a fixed time no matter whether the fund is down or up. It's just that we can choose smart fixed investment, buy more when it falls, and buy less when it rises.
3. After the fund falls, the net value of the fund will be lower, the transaction cost will be lower, and we can buy more fund shares with the same money. At this time, the chances of adding positions to make money will be relatively greater.
Will you choose to add positions when the fund you buy falls? Under normal circumstances, we choose to add positions, because the benefits of adding positions are greater, but we should also judge the degree of risk of the fund to see if it is possible to be closed. If the fund is liquidated, there is no possibility of turning back. Secondly, when we choose to add positions, we should not choose to buy them all at once, because we can't judge whether the fund will continue to fall and whether it has bottomed out. If the fund still falls by half, we will buy it all at once and then continue to fall, then our losses will be even greater.
We can add positions in bulk. For example, after the fund falls 10%, we will increase the position, and after the fund falls by 20%, we will increase the position. This can reduce the cost of holding positions, and we are getting closer to the opportunity of rebound, so when the fund rebounds, our expected income will be even greater.
Can the fund increase its position when it goes up?
When the fund rises, you can choose to add positions, or you can choose not to add positions, which should be judged according to the following points:
1. Look at the valuation of the fund. If the fund is overvalued, then it is best not to choose jiacang.
2. According to the historical performance of the fund, judge whether it has reached a peak of the fund's rise. If it has reached the peak according to history, it is best not to add positions at this time.
3. Look at the rising trend of the fund, that is, the trend change of the theme. If the upward trend is obvious, you can consider adding positions.
When the fund rises, the net value of the fund is higher, which leads to higher subscription cost and greater risk, so generally speaking, it is not appropriate to add positions when the fund rises. If you need to add positions, you can add positions in a decreasing way in batches, such as the first 500, the second 400 and the third 300, so that the decreasing amount can reduce our risk to some extent.