1. A stock is a certificate of equity issued by a joint stock limited company when it raises its share capital. As long as the company exists, shareholders cannot withdraw their shares halfway. Stock returns are not only affected by the performance of listed companies, but also restricted by investors' own quality and conditions. Investment risks are high and returns are difficult to determine. Investment funds are beneficiary certificates issued by fund management companies. Because they are experts in financial management, the income is relatively stable, and they can be listed and traded, and the price will go with the market. They will be redeemed at maturity according to the share held by investors and participate in annual dividends.

2. The essence of the fund is that people give money to experts to operate, and the funders get a certain percentage of capital returns on schedule. The new fund management method requires managers. Dividend 9% of the income in that year in cash, which also means this. In this sense, the fund is an investment tool between stocks and bonds, but it is more similar to bonds than stocks, but its rate of return is unstable. Bonds are generally divided into two types, listed bonds and unlisted bonds. For bonds that are not listed and traded, similar to bank deposits, the interest rate of principal and interest at maturity is determined before issuing bonds, with low interest rate and poor liquidity; However, because the price of listed bonds is determined by the market, the yield to maturity is not easy to determine, and most of their yields are higher than the bank interest rate. However, no one compared them with stocks and funds, demanding that the price-earnings ratio of treasury bonds should be several times, and it should rise sharply. 1 yuan's national debt, with a face value of more than 1 yuan, has certain risks, and the investment income is not high.

3. Some people say that investment funds are "banks in the 21st century". As we all know, any savings or investment has problems of profitability, liquidity, safety and risk. Generally speaking, the profitability and liquidity of investment funds are superior to those of bank deposits. Obviously, the profitability of investment funds is much higher than that of bank deposits, and they can be transferred or redeemed at any time, but bank deposits can't do all this. As for security, investment funds are closely related to the securities market, and their operation is relatively standardized, so their investment security is not necessarily inferior to that of bank deposits. The widespread adoption of bank deposit insurance system in western countries also fully demonstrates the widespread insecurity of commercial banks. Generally speaking, the investment risk of funds is greater than that of deposits, because fund managers do not promise investors a stable return on investment. However, due to the professionalism of fund managers and the "separation of powers" in fund asset management, the risk of funds is greatly reduced. More importantly, the investment fund business is very extensive, fully attractive and competitive, and the services it provides are changing with each passing day, which is very equal to that of commercial banks.