1. principal loss: fund liquidation means that the fund company sells all the assets in the fund and returns the funds to the investors in proportion to their shares. If the net value of the fund falls, investors may face the loss of principal.

2. Unrealized income loss: If investors hold fund shares before fund liquidation, and the fund has obtained certain income before liquidation, but this part of income cannot be realized due to liquidation.

3. Tax impact: Fund liquidation may trigger investors' tax obligations. For example, if the fund held by investors gains capital gains during liquidation, it may need to pay the corresponding capital gains tax.

4. Re-allocation of investment: After the fund is liquidated, investors need to re-select other investment products, which may take time and energy to conduct research and decision-making.

5. Opportunity cost: If investors choose other investment products after the liquidation of the fund, but the performance of these products is not as good as that of the original fund, investors may miss some investment opportunities.

In order to reduce the losses caused by fund liquidation to investors, investors can pay attention to the following points:

1. Pay close attention to the operation of the fund regularly, and keep abreast of the investment strategy and risk status of the fund.

2. Choose a fund with good performance and stable operation to reduce the risk of fund liquidation.

3, according to their own risk tolerance and investment objectives, rational allocation of investment portfolio, reduce the impact of the liquidation of a single fund on the overall portfolio.

4. Adjust the investment strategy in time to avoid holding loss-making funds for a long time.

In short, the liquidation of funds may bring some losses to investors, but investors can reduce the risk of losses by carefully selecting funds, paying attention to the situation of funds regularly and rationally allocating investment portfolios.