Many people say they lost money. For example, 10000 yuan fell by 1%, that is, it lost 100 yuan, leaving 900 yuan, and then rose by 1%, only 90 yuan lost 10 yuan. At first glance, it seems right, but in fact it is wrong. The curve of the fund is the curve of the net value, so the fund rises back to its original position, and its net value is the same as before it fell. How could it lose money? For example, the net value of a fund is 1.00 yuan, and you buy 1000 yuan, which means 1000 shares. No matter how it goes up or down, the share remains the same. After the decline, it rose to 1 yuan, and the fund you hold is still 1000 * 1 = 65438+. If you buy when it falls, you must have made a profit. In any case, as long as it rises back to its original position, it will not lose money. If you say that you are losing money, it will be complicated if you add any currency depreciation and interest. Regardless of the ups and downs, fund companies are sure to make a steady profit, and no matter what funds, they have to charge fees, management fees and other fees.

This is a loss.

This is the open plan of the fund. You can calculate it yourself. The first day you bought 10000, the next day it went up 1%, and the third day it went down 1%. The net value is the same as the first day, but obviously you lost 1 yuan. Similarly, if you fall first and then rise, you still lose a dollar. The more ups and downs in the middle, the more losses under the same amplitude. So try to find a smaller retreat. Because when you rise high, when you retreat, you will fall even worse.

If it is a net value, it is actually a loss of management fees on the surface.

For example, if you buy 1000 copies with a net value of 1.000, as long as the net value returns to 1.000, you still have 1000 copies, but the fund company will charge a management fee, and your original 1000 yuan will be less.