The CEO of CITIC Fund said that the quality of a fund cannot be judged by the growth rate of its net worth. This is not accurate. The best fund is the one that can steadily bring higher returns to investors in the long term.

I understand it this way. In terms of playing mahjong, it is not difficult to match all of them. What is difficult is to be able to make a small draw in each of them and to have fewer clicks. This is a good fund.

In fact, what the boss said makes sense.

Which fund company doesn't have several funds under its umbrella? If several funds join forces to speculate on a few stocks, the net value will naturally rise endlessly. But is this a good fund?

A master once said that it is not difficult to make money once in a while. What is difficult is to find a profit model, a profit model that you can copy infinitely. Only with this profit model can you bring yourself long-term and stable income.

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For example, those who sell clothing buy in Guangzhou and sell in Beijing; those who build houses keep buying land, building houses, and selling houses.

How does a fund make money? It buys researchers' research reports and then buys stocks according to orders. This profit model seems okay now, but in the long run, relying on researchers to make a living is not safe and will cause trouble in the long run.

Therefore, when we look for funds, we should look for funds with unique tactics. I was watching "Bright Sword" recently. If I want to buy, I must buy a fund managed by Li Yunlong. He is eclectic and good at reverse thinking. Only such fund managers can become Warren Buffett and others in the future.

Soros.

In fact, statistics show that there are many funds in the United States, but only a few can really make money. The most important thing that determines fund performance is not the past performance of the fund, but the fund manager. When you buy a fund, you buy the fund manager.

brain.

Therefore, considering the characteristics of my country's fund managers who often change their jobs, Christians should follow the fund managers they recognize, rather than following the fund.

Also, there is a direct relationship between the fund's net value and the stock index. If the stock market adjusts, the fund will not be immune.