1. That is not his real net worth, it is from his previous transformation, so don’t worry about him.

His net worth is now 1 yuan.

2. The closing period generally does not exceed 3 months.

From the perspective of the process from raising funds to investing in open-end funds, it has gone through three periods: the fundraising period, the closed period and the normal subscription and redemption period. During these three periods, investors' buying and selling of fund shares are different.

The first is the fundraising period. During this period, the fund management company sells funds to investors through the company's direct sales agencies or banks and other agency sales agencies to raise funds. Investors can only buy, but not sell, fund shares at this stage. Buy

The price is the net value of the share (1 yuan), and the cost of buying fund shares is called the subscription fee.

Due to the continued boom in sales of open-end funds since last year, in order to avoid investment inconvenience caused by excessive amounts of funds raised, funds generally stipulate a certain limit on the amount of raised funds (such as 10 billion), and the excess amount will not be recognized.

Due to the recent boom in fund sales, the regulatory authorities recently issued a notice requiring that new fund subscription applications exceed the established limit to implement proportional allotment.

At the end of the fundraising period, it enters the closed period. At this time, the fund contract has taken effect, but during the closed period, the fund does not accept requests from investors to subscribe or redeem fund shares. During this period, investors can neither buy nor sell.

out of fund shares.

Judging from the actual situation, many funds open for subscription in the later period of the closed period. That is to say, at this stage, investors can subscribe for the fund based on the net asset value of the fund, but they cannot redeem the fund shares they hold for cash.

According to the provisions of the Securities Investment Fund Law, the closing period of a fund shall not exceed 3 months.

At the end of the closed period, the fund can accept subscriptions and redemptions at the same time. This enters the normal subscription and redemption period. Investors can subscribe and redeem the fund based on the daily net value of shares of the open-end fund.