Everyone's risk tolerance and expected return are different. Funds with good returns last year may not have good returns this year, but they can stick to it as long as they have good investment scope and concept. So my suggestion is to choose the fund in the right way and regard it as a means of managing money rather than a way to get rich.

My fund selection method last year is for reference only:

1. See if 1 was established many years ago. There is no way to determine whether the newly established fund has a mature investment concept.

2. Look at the performance return level and ranking of the past 1 month, 3 months and 6 months. Don't pursue short-term gains, but look at the long-term return level. No matter how good the fund is, if it is opened within three months, even if it is cheap, it is not necessarily worth buying.

3. See if the fund size is between1-500 million yuan. Too large a fund scale is not conducive to changing positions in a volatile market in time, and too small it cannot be rationally allocated. Last year, a fund sold 40 billion yuan, and now the income is less than 70%. At the same time, it was redeemed by the public on a large scale, which was the result of blind purchase by new citizens.

4. Look at the size of the fund company and the overall performance of its funds. Only when a fund company has a good research team to support it can it ensure that its funds have good performance, instead of having a 1 star fund to attract the attention of the people.

5. Look at the fund prospectus to see if its investment philosophy is recognized by itself. For example, the degree of risk, investment industry and so on.

6. See if its quarterly and annual reports are consistent with its investment philosophy.

7. Look at the fund manager's working experience, how long he has been in this industry, whether he often changes jobs, how long he has been a fund manager, whether he is young, whether he is a researcher for 3 years, an assistant 1 year and then a fund manager, or a professional with many years of working experience who has experienced the ups and downs of the stock market at the age of 30-40.

8. Observe its fluctuation range. Whether it is stable or the stock market will rise when it is good, the stock market will fall even harder when it falls.

9. Choose the right time to buy

Finally, any financial management method needs to be learned. Don't think that you can make money casually, so you will lose money in the long run.