The premise is that the fund is an excellent fund, and its decline is due to the systematic risk of the whole market, which has nothing to do with the value structure of the fund itself. Once entering the bull market, the value center of a good fund will return to normal with its intrinsic value, bringing rich returns to those who insist on value investment.

If it is the problem of the fund itself, even if it is a bull market, its heavy stocks may not outperform the broader market, including st stocks of some funds, which will drag down the net value of the fund because of poor market performance or problems in the operation of the fund itself, or be ordered to close the position because of the huge losses it has brought to investors, then the initial investors will be wiped out.

Therefore, good funds and stocks can take the form of fixed investment, provided that they are good enough and worth owning.

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