For fund companies, opening a position means that after the announcement of the new fund is issued, the fund company will use the fund to buy stocks or invest in bonds for the first time during the closed period of subscription (the specific investment depends on the type and positioning of the fund).

Simply put, opening a position is a process in which a fund collects everyone's money (this is called raising) and then uses the money to buy investment products such as stock insurance. ?

For example, you opened a new grocery store. Do you have to purchase goods and arrange shelves before opening? This buying process is called opening a position.

When customers come after the opening, you can find out which goods are better to sell and which ones are unsalable or less to sell according to their preferences, so that when you restock, you can buy more best-selling goods and buy less or not to buy and sell goods that cannot be sold, right? This is called warehouse transfer.

Changing positions is to adjust your shipping space according to the trend of the stock market, which stocks are highly speculated and which ones are not.

The trend of the stock market is the customer's taste, and the stock is what you buy.