To buy money funds, you need to open a securities account. Securities account is a necessary condition for buying and holding securities products. You can choose to open an account in a bank or securities company, and it is best to choose a large bank or securities company because these institutions have high service quality and credibility. You need to provide some necessary personal information and sign some agreement documents when opening an account. With a securities account, you can start buying money funds.
We need to know some basic investment knowledge. It is very important to understand the basic concept, operation mode and income risk of the money fund. You can improve your investment knowledge by reading related books, consulting professionals or attending investment training courses. For ordinary people, it is more appropriate to choose a relatively stable monetary fund.
Before buying a money fund, we also need to evaluate our investment objectives and risk tolerance. According to your own specific situation, determine whether the investment goal is long-term appreciation or short-term preservation, and the degree of risk you can bear. This can help us choose the right money fund products.
After understanding the basic investment knowledge and your own investment needs, you can start to choose the right money fund products. At this time, we can refer to the rating reports of monetary funds issued by some professional institutions and the research reports of analysts to understand the performance, investment strategies and expense levels of different funds. You can also consult a professional or seek advice on relevant investments.
After choosing the right money fund products, we need to fill in the relevant purchase application form. The application form needs to fill in some personal information and relevant information about the money fund products purchased. After filling in, we can choose to submit the application form at the bank counter or through online banking.
After completing the subscription application, we only need to wait for the confirmation of the fund company and the transfer of funds. Under normal circumstances, the purchase of monetary funds is in the form of T+ 1, that is, it is completed within one working day after purchase. Once the purchase is successful, we become the holder of the fund, and we can check the net value and income of the fund through online banking or mobile App.
In addition to buying money funds, we also need to pay attention to the operation of funds regularly. You can understand the operation of the fund by reading the quarterly report, annual report and related announcement information of the fund. If you find that the performance of the fund is not good or there are other unsatisfactory places, you can choose to sell the fund.
Money funds are sold in a similar way to buying. You need to fill in the relevant application form and choose over-the-counter transaction or online transaction. Pay attention to deduct some expenses when selling, such as redemption fee and tax.
As an ordinary person, buying a money fund is not complicated, only some basic investment knowledge and some simple operation steps are needed. By understanding the investment knowledge, evaluating their own needs and risk tolerance, choosing appropriate monetary fund products, and paying regular attention to the operation of the fund, we can enjoy the benefits and convenience brought by the monetary fund.