stock funds: firstly, all closed-end funds in China belong to stock funds; Second: according to the different proportion of investment in stocks, stock funds are subdivided into many categories, such as allocation, hybrid, enterprising, etc., and the risks are naturally different; Let's talk about how to choose the stock fund that suits us first. It's still an old saying, when investing, the risk is imminent; To decide what kind of stock fund you want to buy, first determine your risk tolerance. Think about it. If you can only bear 1% of the losses, but the fund you choose lingers in the range of 3% or even 4% for a long time, will it make you sleepless, and will you eventually cut the meat and sell it, and miss the arrival of spring? I think that in the five years before 25, there may be such investors or citizens who choose to leave in the dark every day. Some people say: when the stock exchange hall is deserted, you should actively enter the market to open positions; When the regime trading hall is full of people, quietly make a profit and leave. It sounds simple, but to do these two things, you must endure loneliness. When my colleagues are talking about how much I earned today, can you not be moved? When I heard that you bought stocks in the cold bear market, and everyone looked at you with a cold eye and made a fuss, could you have a good idea? Hehe, it seems that the topic is digressing, and get to the point. After you have determined your risk tolerance, you can choose your favorite varieties in the fund market. How to choose? As usual, let me give you an example: Let's take several funds invested in Morgan Fund Company as examples. In the last article, we said that you must study the fund you want to buy before buying the fund. Now we want to buy the fund invested in. What should we do? Let's go to its website first: We found that there are four stock funds in its family except the money fund. We first look at the investment with double interest. Personally, it is enough to look at the fund summary when doing the first step of screening. From here, you can see the full name of the fund: the investment with double interest balance hybrid securities investment fund. From here, you have initially known that this fund belongs to the hybrid type, that is, it will invest in a certain proportion of bonds while investing in stocks. Compared with pure stock funds, the risk will definitely be smaller, so what is the investment ratio? Look at the investment scope below. Note: the investment scope is a key place, from which you can know what your money has been used for. We can see that the investment scope of double interest is: stock ratio: 2 ~ 75%, bonds: 2 ~ 75%, cash or short-term debt: 5%, and warrants: 3%. What do these mean? It shows that when the stock market is a bull market, the fund can invest up to 75% of its funds in stocks, while retaining at least 2% of its bonds. In an extreme bear market, the opposite is true. We know that the stock ratio basically determines the risk level of the fund. At this time, let's compare the other three stock funds in the same way. The situation is as follows: advantages of investing in China: 3-8% in stocks, 2-5% in bonds, and no less than 5% in cash. Investing in Alpha: 6-95% in stocks, no less than 5% in cash. Investing in growth pioneers: 7-95% in stocks, no less than 5% in cash. What can we see from this? Obviously, Alpha and Growth Pioneer belong to radical stock funds, with high risks and high returns, especially Growth Pioneer. Even in case of stock market correction or bear market, its shareholding ratio will not be lower than 7%, which is almost the same as the upper limit of stocks with double interest rate. Of course, in case of bull market, it will hold 95% of Man Cang's shares. Note: Open-end funds usually need to prepare at least 5% cash to meet our redemption request at any time. At this time, you can initially select a fund according to your risk tolerance. For example, you feel that your risk tolerance is not bad (personally, you must have the tolerance of more than 2% of the principal loss) and feel that investing in Alpha is suitable for you. Then you can look at its rate structure, which is 1.5% for subscription, .9% for online shopping, .5% for redemption, and for holding for more than 3 years. Is it possible to buy it? Don't worry, you have to shop around for a dish. We can choose another fund company with outstanding performance in the past, such as southern fund Company, one of the 1 fund companies that also won the Golden Bull Award this year. You don't know what the Golden Bull Award is? Search, the resources on the Internet are endless and free:) Keyword: the fourth Taurus Fund) When I visited its website, I was shocked. There are really many funds in its home, with more than 1, but now that I have decided to choose radical stock funds, I don't need to look at those money funds and bond funds, and I don't need to look at any stable and mixed words in the name of stock funds (on the contrary, if you start to choose them, The rest seems to be only the high increase in the south. When it comes to the fund summary, there is only a description of the rate structure: 1.5% for subscription, .5% for redemption, and for holding for more than 5 years, but why is there no investment scope? No choice but to look at its fund contract. Note: each fund has its own fund contract, which will certainly include the investment scope and strategy of the fund in addition to some necessary legal definitions. So we entered the "legal documents" column, downloaded and opened its fund contract, and found item 15-"fund investment" according to the catalogue. We can see its investment target and scope, and the proportion of investment in stocks: 6 ~ 95%. So we can probably know that its investment risk is almost the same as investing in Alpha. However, it must be noted that the proportion of stock investment is only an important factor to determine the risk, but it is not the only one. The criteria for stock selection and the investment strategy of fund managers will all have an impact on the risk, which needs us to summarize more at ordinary times, and we will gradually involve it later. After we have selected several excellent funds that are suitable for us from excellent fund companies, we should focus on their past performance, recent shareholding and so on. This is a process of experience accumulation, and we can share our experiences with each other slowly in the future. In the fourth part, I will talk to you about how to find excellent fund companies and excellent funds. Again, I hope you can continue to support me. However, can you stop being anonymous all the time and want to find opportunities to communicate with you? I always hide my face. How can I find it? src = "./images/smiles/smile.gif" border = smilieid = "178" > Finally, I will attach a set of test questions to you, which I found from the Internet. It feels quite good. I will do it every once in a while to see if my risk tolerance is strong or weak: investment risk tolerance test 1. Choose the description that is most suitable for your investment philosophy. A, my main goal is to get the highest long-term return, even if I have to endure some very huge short-term losses. B, I hope to get a very stable asset appreciation. Even if this means a relatively low total return. C, I hope to strike a balance between maximizing the long-term return and minimizing the fluctuation. 2. When you buy stocks or funds, please answer A, very important, B, some important, C, unimportant A, short-term potential of asset appreciation B, long-term potential of asset appreciation C, for stocks, The possibility of this company being acquired by others D, the situation of surplus or loss in the past six months E, the situation of surplus or loss in the past five years F, the recommendation of friends or colleagues G, the danger of falling stock price or net worth H, the possibility of dividend 3, will you invest 5 yuan in the following projects? Please answer YES/NO respectively? A, there is a 7% chance that your assets will double to 1, yuan, while there is a 3% chance that you will lose all 5, yuan. B, there is an 8% chance that your assets will double to 1, yuan, and there is a 2% chance that you will lose all 5, yuan. C, there is a 6% chance that your assets will double to. Each fund contains six different kinds of stocks. In the past 12 months, the following table shows the return of each stock. Fund A's stock return A 15% B -8% C 25% D 12% E 8% F -8% Fund B's stock return H 7% I 6% J 5% K 4% L 6% M 2% 5, if your 1, yuan, A, cut the meat, sell fund B, and keep it. There is a 5% chance of rebounding and a 5% chance of losing another 2, yuan. C, I don't know 6. Suppose you invested 1, yuan in a fund, but lost 15% in a week. You can't see the reason, and the market hasn't fallen so much. What would you do? A, B, clearance, and then put into a fund with small fluctuation C, sell half D, wait for the price to rebound before selling E, and do nothing (I think this is normal) 7. The following table shows the quarterly income of the two funds in the past two years. Which one do you choose to buy? Fund A Fund B 18% 4% 2-3% 7% 3 13% % 4 13% 3% 5-12% 3% 6 24% 1% 7-5% 3% 8 9% 5% 8, as an investor, how do you evaluate your investment experience compared with others? A, very experienced B, C higher than average, D lower than average, E, basically no experience score 1, A15, B, C7 2, a) A, B1, C2B-E) A2, B1, CF–H) A, B1, C23, A-C) Yes. A 1, B 5, A , B 1 C 16, A 15, B , C 5, D , E 17. A 1, B 8, A 2, B 15, C 1, D 5, E Comments -11, please avoid risks. Buy money funds 12-33 low-risk pure bond funds 34- 55 high-risk bond funds 56- 77 stock bond hybrid funds 78- 99 stock and stock funds. If you get low scores, buy large-scale growth funds. If you get high scores, buy aggressive stock funds 1 to gamble.