Buying stocks is a real-time transaction, but not buying funds. There is a key point in time, that is, three o'clock in the afternoon, buying before three o'clock and buying after three o'clock may be completely different concepts. Investors must understand the rules here.

Do I have anything to do with buying funds before three o'clock and falling on the same day?

Buying a fund before 3pm has something to do with you, because it is confirmed according to the net value on the day of purchase. If the fund falls today, it's good for you, which means you bought it at a low level. If you bought it before 3 pm yesterday, you will lose money if it falls today.

Buy before 3 pm on the trading day and complete the transaction according to the net value of the fund on that day, and you can determine your fund share the next day; If it is after three o'clock, you can only trade according to the net value of the fund on the second day, and then wait for one day, that is, the third trading day to confirm the fund share.

For example, if you buy a fund before three o'clock in the afternoon on Monday, you can clinch the net value of the fund on Monday, and you can determine the fund share on Tuesday; If you need to buy after three o'clock in the afternoon, the next day and Monday after three o'clock in the afternoon, according to the net value of Tuesday, you can't confirm the share until Wednesday.

Generally speaking, the trading time of the fund is from Monday to Friday (except legal holidays), and the fund company will make effective confirmation before 9: 30 am-15: 00 am. If it exceeds 3 pm on the trading day, the subscription will be confirmed one working day after the declaration date, and the redemption will be postponed for two days.

The net value of the fund is generally announced after 8 pm, so what we see when we buy the fund is not the current net value, but the net value of the previous trading day.