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Beware of misunderstandings when buying funds.

Myth 1: Open-end funds have "speculative" value. Because the net value of open-end funds generally changes with the change of the stock market. Therefore, many people unilaterally think that buying funds is the same as buying stocks, and they can make more money by throwing high and sucking low. In fact, although the net value of funds is closely related to the stock market, the concept of "speculation" in the stock market is not suitable for open-end funds. Stocks, like commodities, fluctuate under the influence of market supply and demand; Fund is a kind of currency, and its price is determined by its value, which has nothing to do with market supply and demand, that is to say, open-end funds are not speculative. In addition, the handling fee of trading funds is much higher than that of stock trading, and open-end funds should not be purchased and redeemed frequently, so they must be operated with the concept of investment.

Myth 2: Open-end funds can only be bought at the time of issuance. The reason why open-end funds are called "open-end" is relative to closed-end funds. In fact, if you think that a fund that has been issued for more than one year has good operational efficiency and investment value, you can also open a fund account in the bank and buy the fund directly at the current price, but the cost of subscription is slightly higher than that of issuance and subscription.

Myth 3: the capital preservation fund can completely protect the capital. Many investors buy capital preservation funds just for the purpose of "capital preservation", thinking that buying such funds can guarantee the absolute safety of investment principal. However, most capital preservation funds are defined as "investors can get 100% principal security after buying and holding for three years during the issuance period". In other words, if investors need money within three years, they still have to bear the risk of fund ups and downs and redemption fees.

How to buy funds correctly

Zi Xuan: Funds are divided into stock funds, principal guaranteed fund funds and national debt funds, which is less risky and safer? If I have a deposit of 654.38 million yuan, how can I invest it? Do you have a recommended portfolio?

Morningstar Information: You should decide what kind of fund to buy according to your investment objectives and income risk preference. According to the classification of Morningstar, stock funds mainly invest in stocks, which have high returns and high risks; Bond funds mainly invest in bonds, with low returns but low risks; The allocated funds are relatively flexible between stocks and bonds, so the risks and benefits are relatively moderate; The security and liquidity of money market funds are relatively high; The capital preservation fund has special guarantee clauses, and investors can enjoy the protection of investment and even income after meeting the conditions of capital preservation cycle.

As for the subscription fee, subscription fee and redemption fee, it depends on the rate level charged by the specific fund.

How to choose a fund and build a fund portfolio composed of multiple funds varies from person to person. Because everyone's risk tolerance, investment cycle and investment goals are different. If you have determined the investment amount, you might as well ask yourself what your investment goal is and how long the investment cycle is. If you want to achieve an annual return of 20%, you'd better pay attention to equity funds or allocation funds, because these two types of funds have higher returns, but the corresponding risks are also higher, especially equity funds. If your risk tolerance is poor, you can pay attention to bond funds and money market funds, and capital preservation funds are also a good choice. However, it should be remembered that only when the capital preservation fund meets the conditions of the capital preservation cycle can it enjoy the protection of principal or income. If you just want to find a way out for temporarily idle and non-emergency funds, then money market funds are a good choice.

An agent shall not change the insurance contract without authorization.

Case: On June 5438+February, 2002, customer Li insured the investment protection insurance of an insurance company. When the applicant and the agent fill in the application form, the customer considers his age, proposes to choose the insurance period as 10 year, and signs the application form. For the convenience of customers' later investment, the agent changed the insurance period of the policy to 25 years without informing the customers and obtaining their consent, and handed in the bill. Later, the customer found that the insurance period had been changed, but the hesitation period of 10 day had passed, so he made a complaint on the grounds that the contract insurance period was not the true meaning of his insurance. The customer finally proposed to change the insurance period to 10 year. If it cannot be changed, it is required to surrender the insurance in full on the grounds of agent fraud.

After investigation, the insurance company confirmed that the agent changed it to 25 years without the consent of the customer. However, the insurance period is an irrevocable clause of the contract, so it cannot be changed. Although the insurance company communicated with customers many times, customers insisted on full refund of premiums. In the end, the insurance company handled the normal surrender for the customer.

Expert analysis: In this case, although the business personnel's motivation to modify the insurance period is well-intentioned, because they modify the policy content without the consent of the customer, it has exceeded the scope of their agency authority and violated the true intention of the customer when applying for insurance. At the same time, it violates the principles of fairness, voluntariness and autonomy of will that must be followed in concluding a contract in the contract law and insurance law, so the agent bears all the losses incurred when the customer surrenders.

Through this case, we can see that insurance companies should further strengthen the legal knowledge training for agents in the training work. At the same time, insurance companies should also strengthen the supervision and management of the standardized exhibition industry and enhance the image of honest service.

Get out of the "five misunderstandings" of financial management

Financial management is not a new word, and people are no longer unfamiliar with it. However, financial management is a relatively new concept after all, and there are some misunderstandings about it. This issue of "Financial Advisor" helps you get out of the misunderstanding and correctly understand how to manage your finances.

Myth 1: Financial management is investment income.

"Investment" and "financial management" are not the same thing. Financial management focuses on life planning, not only considering the accumulation of wealth, but also considering the protection of wealth. The focus of investment is how to Qian Shengqian, so the content of financial management is much wider than investment. Investment behaviors such as stock trading cannot be simply equated with financial management, but financial management should be regarded as a system. Through this system and process, people can reach the realm of "financial freedom" in their lives, thus making their lives worry-free.

Myth 2: financial management can make money from the crowd.

The effect of making money quickly in the stock market once made many people in China know the secret of getting rich quickly. Under this trend, securities companies have sunset scenery. We can often see many middle-aged and elderly people "go to work" there on time every day. They may put all their pensions into the stock market, but ignore the risks. In fact, from the perspective of family finance, a person's life can be divided into different stages. At each stage, people's income, expenditure, risk tolerance and financial management objectives are different, and the focus of financial management should be different. Therefore, we need to determine our staged life and investment goals, constantly examine our asset allocation and risk tolerance, constantly adjust asset allocation, and choose the corresponding investment varieties and investment ratios, instead of blindly following other people's financial management behavior.

Myth 3: Investing in real estate is good for making money.

In recent years, real estate investment has become a hot spot under the market condition that the cumulative increase of house prices generally exceeds 30%. Many Shanghainese have bought more than two houses, and the financial management experience of "keeping a house with a house" is widely circulated. Faced with the surplus of rental income and loan interest, many landlords are secretly delighted with their "investment success". However, some investors do not fully consider the real cost and uncertain risks in the future of their investment in real estate, and only pay attention to the immediate interests.

In fact, many investors often ignore many possible costs when calculating returns. There is a lack of reasonable expectations for interest rate risk, inflation risk, liquidity risk, business risk and lending ability that may occur in the future. And it lacks certain market predictability. Therefore, it is suggested that in-depth research and analysis should be carried out when investing in real estate, and psychological preparation should be made.

Myth 4: Long-term investment is unprofitable.

There are many investors who are willing to operate frequently in the short term when they are "speculating in stocks" and "speculating in foreign exchange", willing to go in and out, and content to get the speculative price difference. They often spend a lot of time every day studying short-term price trends and paying attention to immediate interests. When the market is in a downturn, we often miss the opportunity because we care too much about short-term gains. Especially when investing in securities, I often ride a dark horse but can't pull the reins and fall off, and I also pay a lot of "buying gold". For example, many citizens mistake funds for short-term speculation. Because I can't stand the ups and downs of the market, I reluctantly give up what I love, and then I sigh endlessly when it rises, reflecting a very immature "investment psychology."

Myth 5: Pursuing a broad and comprehensive portfolio.

Many citizens know that different eggs should be put in different baskets when considering asset risks. A few baskets of eggs are obviously good for spreading risks. However, in practice, many investors go to the other extreme: putting eggs in too many baskets. This makes the investment difficult to track, or "distracted", which leads to insufficient analysis and may reduce the expected return.

So, don't put all your eggs in one basket, but don't put too many baskets.

Mingrun financial experts especially pointed out that the recent sharp correction of the stock market and the release of risks are good opportunities for us to pay attention to and intervene in the stock market for investment and financial management. The national macro-control has achieved initial results, the impact of various policies on the economy has become increasingly clear, market confidence has gradually recovered, and incremental funds have continuously entered the market. In recent years, investing in the stock market can get rich returns. Investment advice to investors is:

Steady investors: coal sector, steel sector, non-ferrous metal sector.

Radical investors: express train, tourism, aviation, Olympic Games and new powerful sectors.