If you buy a fund, it is impossible to make profits without losing money.

However, compared with stock trading, the risk of buying and selling funds is lower. Most people still make money, but the returns are not high. Funds in English are funds, which broadly refers to a certain amount of funds established for a certain purpose.

It mainly includes trust investment funds, provident funds, insurance funds, retirement funds, and various foundation funds.

From an accounting perspective, funds are a narrow concept, meaning funds with specific purposes and uses.

The funds we mention mainly refer to securities investment funds.

Securities investment funds can be divided into different types according to different standards: according to whether fund units can be added or redeemed, they can be divided into open-end funds and closed-end funds.

Open-end funds are not listed for trading (it depends on the situation). They are purchased and redeemed through banks, securities firms, and fund companies. The fund size is not fixed; closed-end funds have a fixed duration and are generally listed and traded on securities exchanges. Investors pass

Fund units are bought and sold in the secondary market.

According to different organizational forms, they can be divided into corporate funds and contract funds.

A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; it is established by a fund manager, a fund custodian and an investor through a fund contract, which is usually called a contract fund.

my country's securities investment funds are all contract funds.

According to different investment risks and returns, they can be divided into growth, income and balanced funds.

According to different investment objects, they can be divided into four categories: bond funds, stock funds, currency funds and hybrid funds.

It is uncertain which hedge fund was the first.

During the great bull market in the United States in the 1920s, there were countless such investment tools specifically for the wealthy.

The most famous of these is the Graham-Newman Partnership fund founded by Benjamin Graham and Jerry Newman.

In 2006, Warren Buffett claimed in a letter to the Museum of American Finance magazine that the Graham-Newman partnership in the 1920s was the earliest hedge fund he knew of, but that other funds were likely earlier.

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During the economic recession of 1969-1970 and the stock market crash of 1973-1974, many early funds suffered heavy losses and closed down one after another.

In the 1970s, hedge funds generally specialized in one strategy, with most fund managers adopting a long/short stock model.