Buy an open-end fund in a bank: bring your ID card and go to the nearest big bank (Industrial and Commercial Bank, Agricultural Bank, Bank of Communications, etc.). ), fill in the form with the help of the staff, open a fund account and a fund account (usually a bank card), and deposit a certain amount of money in the bank card. The amount of money depends on your investment ability and willingness. Then you can buy and sell funds (purchase and redemption). What is deposited in the fund account is our cash, and the fund account records the name and quantity of the funds we bought. When the transaction (subscription and redemption) is settled, it will be automatically settled between the two accounts. For example, when buying a fund, the funds in the fund account decrease, and the funds in the fund account increase, but the opposite is true when selling.
If you want to open an account in the business department of a securities company, which is similar to opening an account in a bank, you need to bring your ID card to the business department of the securities company, and you need to fill out a form to open a fund account (only for fund trading) or a securities account (for fund, national debt, stock and other transactions) with the help of staff, and then open a fund account and deposit a certain amount of money in the fund account, so you can conduct fund trading. In some places, the above process is basically the same for banks with third-party depository business.
It should be noted that there are relatively many types of funds that open accounts in stock exchanges, such as; Open-end funds, closed-end funds, etc. Some of them have low fees when trading on exchanges, such as closed-end funds. The cost of buying and redeeming open-end funds in banks is higher, but it will be lower after more than two years. The function of capital account and fund account (or securities account) is that the former manages funds, while the latter manages funds, stocks and government bonds.
When buying and selling, you can go to the counter of the bank or stock exchange where you open an account, or you can handle online transactions when you open an account, which will be more convenient.
I personally open an account in the stock exchange, with fast access to funds and low transaction costs.
Let's talk about risk first. Generally speaking, the risk of stock funds is greater than that of bond funds. Even the same stock fund or bond fund has different investment ideas, investment styles, industries and the number of votes held, different trading opportunities and different risks. We know that investment is risky and the return is usually great, and vice versa. We all buy funds, which is a kind of entrusted financial management, that is, giving money to the fund management company to take care of. Fund management companies have professional investment and financial management teams. Although equity funds invest a large proportion of their funds in the stock market, fund managers have their own rules and professionals who study the market. In contrast, it is more rational than ordinary investors. When investing, a variety of stock combinations reduce the risk of a single investment. In addition, the speed of obtaining information is fast, the influence of information on the market is accurate, and the hedging ability is relatively strong.
We hope to reduce the risk of investing in a single fund. You can also buy two or more different types of funds to see your financial ability. ,