The fixed investment of the fund itself is a kind of fund investment, and it is impossible to avoid all kinds of risks that may be faced in the process of investment operation.

First of all, the fund's fixed investment must also face market risks. The risk of fixed investment of stock funds mainly comes from the ups and downs of the stock market, and the risk of fixed investment of bond funds mainly comes from the fluctuation of the bond market. If there is a sharp drop in the stock market like in 2008, even if the fund decides to invest, it is inevitable that the market value of the account will drop sharply temporarily. For example, from June 5438+ 10, 2008, the Shanghai Stock Exchange Index was invested by fixed fund investment, during which the maximum loss of the account was -42.82%, and it was not until May 2009 that the account basically recovered its funds.

Secondly, the liquidity risk of investors. Historical data at home and abroad show that the longer the investment cycle, the less likely the loss is. If the fixed investment exceeds 10 years, the probability of loss is close to zero. However, if investors lack planning for their future finance, especially underestimate their future cash demand, once the cash flow is tight during the stock market downturn, they may be forced to interrupt the investment of the fund and suffer losses.

Once again, it is the risk of investors' own operational mistakes. The fixed investment of the fund is aimed at a long-term financial planning, which is a disciplinary investment, not a tool for short-term profit. In practice, many investors who decide to invest in funds do not invest in accordance with the set discipline, but also chase up and down when they decide to invest in funds, especially when the stock market falls, they stop deducting investment, which violates the basic principle of fixed investment of funds and leads to the failure to play the role of fixed investment of funds. For example, in 2008, due to the large losses in the stock market, many fund investors suspended the deduction of fixed investment, which led to the loss of the opportunity to overweight at a low level, and the effect of fixed investment naturally could not be revealed.

The fourth is to equate the fixed investment of the fund with the risk of bank savings. Fixed investment is different from fixed deposit and fixed withdrawal, which can not avoid the inherent risks of fund investment and ensure the absolute safety of investors' principal and income, and is not an equivalent financial management method to replace savings. If investors are short-term financial management targets, they should not choose the fixed investment of funds, but should choose safer principal methods such as bank savings.