Is it profitable to buy when the net value of the fund is low and sell when the net value is high? Everyone must buy a fund to maximize the income, so is it necessary to make money? The following is how to observe the fund introduced by Xiaobian, hoping to help everyone.
How to observe the fund?
Net fund value: the net fund value is the ratio of the market value of the fund portfolio to the fund share, which can reflect the investment performance of the fund. By observing the fluctuation and fluctuation of the fund's net value and comparing it with the market or benchmark index, we can get a preliminary understanding of the fund's performance and risk.
Fund performance: pay attention to the historical performance of the fund, especially the long-term performance. At the same time, compare the performance of this fund with similar funds, relevant indexes or benchmarks to understand its excess return capacity and relative risk level.
Fund investment strategy: understand the investment strategy and investment scope of the fund. For example, the industry allocation and market value preference of stock funds, the types and duration of bonds of bond funds, and the stock-debt ratio of hybrid funds.
Fund risk and return: evaluate the risk level and expected return of the fund, and understand the investment style and risk control ability of the fund. You can pay attention to the fund's volatility, maximum retracement, Sharp ratio and other indicators.
Fund management team: Understand the management team of the fund, including the fund manager and his team members. Observe its investment experience, the strength and stability of the research team, etc. To evaluate the ability of the management team.
Detailed process of fund transaction
Opening a fund account: select a suitable fund sales organization, fill in the application form for opening a fund account, provide relevant identification and materials, and complete the opening of a fund account.
Choose fund products: according to your investment preferences and risk tolerance, choose the right fund products. You can learn about funds through fund companies, fund sales organizations and fund rating agencies.
Place an order to purchase a fund: after selecting the target fund, according to the code or name of the fund, put forward an order to purchase the fund to the fund sales organization, including the subscription amount and fund share. You can choose online transaction, telephone entrustment or counter handling.
Settlement payment: after purchasing the fund, the purchase amount will be paid to the designated fund account according to the requirements of the fund sales organization. The specific payment method and settlement time are determined according to the provisions of the fund sales organization.
Fund Confirmation: After the fund transaction is completed, the fund sales organization will send a transaction confirmation letter or an electronic confirmation letter to investors to confirm the fund subscription information such as the fund name, subscription amount and transaction confirmation date.
Holding and tracking the fund: once the fund is purchased, investors can hold the fund share, and regularly track the performance and changes of the fund, and observe the changes of the fund's net value and dividends.
Fund redemption: If you need to sell the fund shares, you can issue redemption instructions to the fund sales organization. The redemption process is similar to the purchase process. According to the redemption regulations of the Fund, the redemption money will be paid to the designated bank account after confirmation and settlement.
Buy when the net value of the fund unit is low.
Buy when the net value of the fund is low and sell when it is high.
Fund profit:
Fund profit refers to the balance of fund interest income, investment income, fair value change income and other income after deducting related expenses. The realized income of the fund refers to the balance of the fund profit minus the income from changes in fair value.
Fund net value valuation
The valuation of fund unit net value refers to the estimation of fund net asset value at a certain price. Calculating the net asset value of unit fund is the key. Funds usually invest in various investment instruments in the securities market, such as stocks and bonds. Because the market price of these assets is constantly changing, only by recalculating the net asset value of the unit fund every day can the investment value of the fund be reflected in time. The valuation principles of fund assets are as follows:
1. Listed stocks and bonds are calculated according to the closing price on the calculation day. If there is no transaction on that day, it shall be calculated according to the closing price of the latest trading day.
2. Unlisted stocks are calculated at cost price.
3. Unlisted government bonds and unexpired time deposits are calculated according to the accrued interest plus principal on the valuation date.
4. In case of special circumstances, if it is impossible or inappropriate to determine the asset value in accordance with the above provisions, the fund manager shall handle it in accordance with the relevant provisions of the state.
purpose
No matter what kind of fund, the total amount of the fund is divided into several equal integer shares at the time of initial issuance, and each share is a "fund unit". In the process of fund operation, the unit price of the fund will change with the change of fund asset value and income.
In order to accurately price and quote the fund, so that the fund price can accurately reflect the true value of the fund, it is necessary to estimate the actual representative value of each fund unit at a certain point, and publish the valuation result as the net asset value.
Valuation determination
Looking at all kinds of funds around the world, due to different management systems, the specific provisions on the valuation date of fund net assets are not the same. However, it is generally stipulated that the fund manager must calculate and publish the net asset value of the fund at least once every working day or every week or month.
Suspension of valuation
Although the fund manager must evaluate the net assets of the fund according to the regulations, the fund manager has the right to suspend the valuation under the following special circumstances: (1) When the securities trading places involved in the fund investment are closed due to legal holidays or for some reason; There is a huge redemption situation; Other irresistible reasons make it impossible for the manager to accurately evaluate the net asset value of the fund.
When buying a fund, should I buy a high net worth fund or a low net worth fund?
Some people may think that buying funds should be done when the net worth is low, so it is better to buy funds with low net worth. This view is obviously one-sided.
Because the net value of the fund is low, it does not necessarily mean that the net value of the fund is low. And when the fund's net worth is low, it is not only the fund with low net worth, but also the fund with high net worth.
In fact, it is difficult to judge whether a fund is good or not just from its net value, and some conditions need to be added.
First of all, it must be compared among similar funds. Different types of funds may have different risks and benefits, and whether a fund is good or not depends on its comprehensive benefits and risks, so it is only meaningful to compare it with similar funds.
For example, a stock fund and a bond fund may have higher net worth at some point. However, because the net value of stock funds fluctuates greatly, the net value of funds may be lower than that of bond funds after a period of time. After a period of time, the net value of equity funds may be higher than that of bond funds. At this time, it is necessary to use the level of net worth to judge which is better, and there will be contradictions.
Only the same type of fund, the net value trend is more similar and easier. Other things being equal, high-net-worth funds may be better than low-net-worth funds. Because the net value of the fund is high, it at least shows that the fund has earned more in the past.