How to understand the risk of unstable fund shares?

First, there is the risk of unknown fund prices, that is, fund transactions can only be based on the fund's net value of the previous day as a reference. The price at which the transaction is completed depends on the performance of the securities market that day. If the securities market rises on the day of the investor's purchase, the investor's purchase cost will be increased. On the contrary, it will help reduce the purchase cost. On the day when investors sell, the securities market declines, which may affect the fund's income. This is the unique unknown price risk of the fund. Second, there is the risk of unstable fund share, that is, the fund will formulate corresponding investment plans based on the scale of raised funds and set certain medium- and long-term investment goals. The premise is that the fund shares can maintain corresponding stability. When huge redemptions occur in funds managed and operated by fund managers, which is enough to affect the liquidity of the fund, the fund manager has to be forced to make a decision to reduce stock positions, thus breaking the original investment portfolio and affecting the established investment plan. , thus affecting investors' returns due to passive adjustments to stocks. This is also a risk that fund investors need to face up to. Third, there is the risk of the position when the fund newly raises funds to open a position, that is, the fund formulates a corresponding investment plan based on the scale of the funds raised, and sets certain medium and long-term investment goals. The premise is that the fund shares can maintain corresponding stability. When huge redemptions occur in funds managed and operated by fund managers, which is enough to affect the liquidity of the fund, the fund manager has to be forced to make a decision to reduce stock positions, thus breaking the original investment portfolio and affecting the established investment plan. , thus affecting investors' returns due to passive adjustments to stocks. This is also a risk that fund investors need to face up to.