Fund managers have done well in the past and can buy the old funds they are managing now. Cheap net worth is by no means the reason for the future skyrocketing. Some funds have a net worth of more than ten yuan, and the increase is unambiguous. Funds with a net worth of a few cents continue to hit new lows.
A new wave of market may be coming. Don't consider the new fund at this time. The new fund has a opening period of several months. According to the habit of A-share bull market, mad cow finished the market in a few months. After the new fund opens a position, the index may have been at a high level. At that time, meat may not be eaten much, but it didn't fall off at all. This is not cost-effective.
A fund that has been closed for three years should stay away. If there is urgent money in three years, there is no way to take it out. It is better to deposit in a bank, whose code can quickly withdraw the principal without interest.
I hope my answer can help you.
Whether the new fund is closed for three years or three months, each has its own advantages. But on the whole, I suggest that it is the best policy for Xiaobaijimin to choose a new fund with a three-month closure period.
No matter what investment you make, the money you invest must be money you won't use in the future. 100 MINUS your age, the figure is the percentage that can be used to undertake medium and high-risk investments. Suppose you are 30 years old, 100-30=70%. So 30% of savings can be invested in money funds, and 70% can be invested in high-risk funds or portfolio investments.
Then set aside an emergency fund, which is usually 3-6 times your monthly salary. If the job is stable, choose three times. In terms of choice, the three-month closure period is short and can be redeemed at any time after the closure period. However, the term of the new fund is three years, so we should consider the liquidity of our own funds, especially whether there will be large expenditures in the next three years, such as buying a house.
Closed-end funds are closed for a long time, mainly to increase the power of product leverage in operation, which is particularly important for the selection of fund managers, which is also one of the risks. In addition, there can be no black swan time in three years, otherwise the funds will be locked up, which is the biggest risk.
Buying a fund is buying a fund manager. The profit performance of the fund itself depends on three aspects, and the order from high to low is: national luck-macro-control-fund manager strength.
On the premise of satisfying the first two levels of income, choose the right fund manager. As an old hand in the investment field, I want to tell you never to look at the star fund managers, because some star fund managers have good performance, but they are not made by their own strength, but by trends. Under the trend, for example, in 2020, everyone can be a fund manager.
That's why we should look at the historical performance of fund managers for at least five years. If the average annualized income of fund managers in 10 reaches 20%, it will be rare.
So, when you look at his historical materials, you should pay attention to the following points:
1, whether the outstanding performance is generated after risk adjustment;
2. What is the retracement rate of the big bear market?
3. Whether the net value can continue to hit a new high during the market downturn.
Therefore, for Xiaobaijimin, it is more reliable to choose a new fund with a three-month closed period and the risk is relatively low. If it is really a fund blank, it is suggested to start with passive funds.
Coincidentally, I have bought all the products you asked, so I will use my personal experience to help you answer this question:
Take pictures first
This is a screenshot of some of my positions.
(1) Xingquan is a FOF fund, and the preferred enterprising period is 3 months. The buying time is not long, and the income is still acceptable objectively. Relatively speaking, this fund is relatively stable, and it is a good product in FOF, thanks to the excellent fund manager at the helm. A very important factor here is the fund manager.
(2) Huatai Zijin Technology Innovation and Hongtu Technology Innovation are both three years, and the buying time is the same, and the income is half. Both companies are small companies. Fund managers are not industry leaders, and there are not many fund products in charge. Zhu Ran, the fund manager of laterite, is relatively more decisive. From the configuration point of view, he completed the opening of the position early and held less cash, which seized this wave of rise. Huatai Zijin Technology currently holds too much cash, just like the Bosera Value Selection in my screenshot. He is too conservative, unable to grasp the market, unable to complete the opening of positions, leading to missing the good market. An important factor here is actually the fund manager. The ability of fund managers to seize opportunities is related to the size of the company, but it is not absolute (the closed-end fund I hold has a boss for 2 years, and the boss must be a big company in the fund company). Small companies also have excellent products.
(3) As far as the closed period is concerned, the pressure on fund managers of three-year funds is definitely different from that of three-month funds. Some people say that the three-year fund has a sedan chair and benefits are transferred. I am not an insider, so I don't know. If I buy a 3-year-old boss, I can only admit that I am unlucky. I am in a hurry and want to sell it. If you buy it for 3 months, the holding period is not long, even if the performance is not good, you can endure redemption at maturity. If the performance is good, you can continue to hold it.
(4) To sum up, you should choose the right fund manager to buy the products issued by familiar fund managers. If the old fund has performed well in the past cycle, buying is also a good choice. For a good fund manager, it depends on his working hours, whether there is a trend of job-hopping, and the scale of funds under management. If you must buy a new fund, don't read the advertisement, it's all nonsense. Find a knowledgeable friend to give you advice.