What should I do if I encounter some funds that explode in less than seven days after buying? What are the points that need special attention about fund explosions? The following is for you from Bian Xiao. Some funds have not exploded for seven days. I hope I can help you.

Some funds burst their positions within seven days.

To talk about the explosion of the cargo base, we must first talk about how the income of the money fund is calculated.

Usually, the biggest investment destination of the money fund is the bank's agreed deposits and short-term bonds.

It is necessary to explain what is called agreement deposit here-it can be simply understood as a negotiation between the goods base and the bank, a large sum of money is deposited in the bank, and the maturity date is usually 7 days, 1 month, and then the bank gives the goods base a little higher interest than the retail investors. Agreement deposits are risk-free. In case the cargo base is to be realized, the loss is only the penalty interest, and there is no risk of loss of principal (unless, of course, the bank where the deposit is made goes bankrupt).

Then the reason for the short position is only short-term bonds. There are still some technical problems that need to be understood: how does the money fund calculate its net value (always 1 yuan) and daily income (ten thousand income).

Under normal circumstances, the money fund uses the "amortized cost method" to calculate the income of its bonds, which sounds very professional. Let's explain it in a popular way:

Suppose you spend 1 10,000 yuan to buy a national debt with an interest rate of 6% and a term of 1 year, then your cost today is 1 0,000. After 1 year, you will get the principal of 10000 and the interest of 10000×6% = 600. A * * is 1060. Not 10600, because it will take ten months to get the money; But 10000 is unreasonable, after all, it earned interest for two months. Therefore, a more reasonable calculation method is to "spread" the interest income of 600 yuan to one year, and then calculate the interest according to the elapsed time-then, at the end of two months, the interest you get should be 600×2 months/12 months = 100 yuan, plus the principal 10000 yuan.

This is the so-called "amortized cost method", which is also a method to calculate the value of bonds held by commodities-of course, a fund usually holds multiple bonds with different interest rates and maturities, but it only needs to be calculated and added together according to the above steps, and the principle is the same.

Therefore, the principal of the bonds held by the cargo base will never change under the amortized cost method, so the net value will always be 1.000, and the interest part will be calculated as ten thousand shares of income.

All this was beautiful until the black swan appeared. ...

The established premise of the above amortized cost method is that the prices of these bonds are stable. If the bond price falls sharply, then according to the regulations, it can't be calculated by amortized cost method, but should be replaced by more complex and powerful shadow price method.

Let's explain what the shadow price method is in a more popular way: still in the above example, you bought 1 0,000 yuan of national debt. If the central bank suddenly raises interest rates two months later, the price of government bonds with an original interest rate of 6% will drop a little, so although the interest of 1 1,000 yuan is still no problem, the principal of 1 1,000 yuan may now become 9,900 yuan. What's the interest on the bonds you hold?

Therefore, if the money fund holds a relatively large proportion of bonds and the bond price has fallen sharply, when these two conditions are met at the same time, there will be a "short position".

But this is not enough to trigger short positions-because as long as these bonds with falling prices are not really sold, these price declines are just "floating losses" and will pick up after a while. After all, the bonds held by cargo bases are those of companies that are "too big to fail", such as China National Development Bank. The price drop is only a short-term sell-off. There are too many people, and the maturity principal of the bond is still there.

Speaking of it, short positions really need a condition, that is, the goods base should sell these bonds with falling prices. Unless absolutely necessary, the freight base will not sell these discounted goods, because the freight base generally holds a large proportion of bank deposits, and the interest on these loss points is better than the loss of principal.

When all the above conditions coincide, it is possible to explode.

What does the explosion mean? Lost everything? Not really!

For the cargo base, the above example of buying government bonds is the best description, and the situation will be better, and there may be no interest for a day. 13 is short of money, which happened to some cargo bases. In the end, there is really no way, and the fund company will take money to make up for it. How expensive reputation is for a company of Huaxia's level ~

However, after this time, the CSRC will definitely strengthen the supervision of the money fund. It is precisely to cope with the huge redemption of the monetary fund in the 2008 financial crisis, which led to the stampede. After several years of brewing, the US Securities and Exchange Commission (SEC) has introduced a new monetary fund rule, which allows some monetary funds facing institutional customers to float their net value (that is, the net value is no longer fixed at 1). Perhaps it is a direction to separate institutional share from retail share, which is another big topic.

What is a fund explosion?

Short position means that the loss is greater than the margin in the user's account, and the company will force the liquidation. Generally, there will be some funds left after the short position, which is the remaining funds after deducting the losses from the total funds. In other words, the short position generally refers to the forced liquidation, and the short position is that the loss is greater than the deposit in the user account. After being leveled by the company, the remaining funds are the total funds MINUS the losses of users.

Simply put, short position refers to the situation that the customer's rights and interests in the investor's margin account are negative under some special circumstances. There are stock funds, currency funds, index funds and bond funds, and these products will not fall to zero. After the investor is forced to close his position, the remaining funds of the investor are the total funds MINUS the losses, and there may be a surplus.

Investment skills of fund fixed investment

First, it is best to choose equity funds or configuration funds for fixed investment.

Fixed-income instruments such as bond funds are relatively unsuitable for regular fixed-income investment, because the purpose of investing in such funds is to use funds flexibly and earn fixed-income investment. It is best to invest in these funds when the market is in an upward trend, and it is most suitable to start regular fixed investment when the market is in a trough.

Second, it is best to choose a fund with large fluctuations for fixed investment.

Generally speaking, funds with large fluctuations have a better chance to accumulate more low-priced stocks in the stage of falling net value, but the market rebound can make a quick profit. The fund with stable performance fluctuates little, the relative average cost will not drop too much, and the profit is relatively limited.

Third, adjust the investment quota according to your own financial ability.

In real life, the financial situation of each person and family is different, and the total monthly investable amount of an individual or family should increase with the increase of income. Increasing the investment amount according to the financial ability can improve the investment efficiency and realize the wealth goal as soon as possible.

Four, after reaching the predetermined goal, it is necessary to adjust the investment plan.

Although it takes a long time for the fund to show the best benefits, it usually takes more than three years to see the results. However, if the preset investment target is reached in advance, then the investment plan can be adjusted. For example, regular quota can be adjusted to irregular quota. Using simple and flexible strategies can make your investment more efficient and achieve your ideal financial goals as soon as possible.

Has the foundation been going up?

First of all, we should know that the fund is a fluctuating financial product. Secondly, the degree of fluctuation will be different with different fund classifications. For example, the fluctuation of money funds will be smaller, while the fluctuation of stock funds will be slightly larger.

Generally speaking, the money fund has been in a rising state, and the possibility of falling is very small. The fluctuation of bond funds with pure debt is slightly larger than that of money funds, but far smaller than other fund types, which basically belongs to the state of rising all the time.

However, if it is a fund type with large fluctuations, such as stock funds, hybrid funds and index funds, it is basically impossible to keep rising, but there will be ups and downs, and its risks will be greater, but at the same time, its returns will be higher.

What about the fund that has been rising?

If it is a money fund or a pure debt bond fund, you can keep it, because the risk of such funds is particularly small, the fund fluctuations are relatively small, and there is basically no loss of principal.

If it is a volatile fund type, such as stock fund, hybrid fund and index fund, then we should pay attention to the possibility of falling behind. Investors should comprehensively consider whether they are optimistic about this fund, or what the future prospects of this fund are, and so on.