What funds can be bought and sold on the same day?
Some on-site funds can be traded on the same day, and the T+0 trading system is implemented, such as currency ETF funds, bond ETF funds, gold ETF funds and cross-border ETF funds. These funds can be bought and sold at any time. The trading flexibility of such funds is very good. If investors want to buy, they need to open a stock account or a special fund account for trading.
It should be noted that although some floor funds can be bought and sold on the same day, it is not recommended to operate frequently, because there is a commission fee for floor fund transactions, which will be charged for every transaction. Too frequent operations will have a lot of extra commission fees, which is also the investment cost.
In addition, although the fund can buy and sell on the same day, the flexibility is good, but the investment risk is also great. Because the short-term fluctuations of funds will be relatively large, it is usually better to hold them for a long time when buying funds. Long-term holding can disperse short-term fluctuations of funds, thus reducing risks.
Contrary to on-site funds, off-site funds do not need to open an account, such as Alipay trading platform. Users can purchase funds directly by logging into Alipay account through real-name authentication. OTC funds are traded on a T+ 1 day basis, and the funds bought on the same day need to be sold the next day.