Fund operation: 1. Users first estimate the future development of the stock market. The stock exchange market is a bull market, and users can continue to hold it for a period of time to maximize the fund's income. If the securities trading market is in a period of shock, the main operation is to lighten up the position and cash out. 2. Users can convert high-risk funds into low-risk fund products, and converting products is also a redemption method. 3. Investors who buy equity funds should make a clear forecast of market conditions before covering positions to avoid excessive losses.

Fund is an indirect way of securities investment. By issuing fund shares, fund management companies concentrate investors' funds, which are managed by fund custodians (that is, qualified banks) and managed and used by fund managers to invest in financial instruments such as stocks and bonds, and then * * * bear the investment risks and share the benefits.

Funds mainly include trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations. Before purchasing a fund, investors need to carefully read the prospectus, fund contract, account opening procedures, trading rules and other fund-related documents, and all fund sales outlets should have the above documents for investors to consult at any time.

According to whether fund units can be increased or redeemed, they can be divided into open-end funds and closed-end funds. Open-end funds are not listed and traded, but are generally purchased and redeemed by banks, and the fund scale is not fixed; Closed-end funds have a fixed duration, and the fund size is fixed during the duration. Generally listed on the stock exchange, investors buy and sell fund shares through the secondary market.