2. Investors who don't have a stock account can open an account with an ID card/bank card at an offline securities company. You can also open an account directly on your mobile phone and apply for opening an account. Generally, it will be opened in 1-3 days.
3. The process of purchasing on-site funds:
Operating environment:
Brand model: iPhone 13
System version: iOS 15.0
1) Open your own stock trading software (APP) on your mobile phone.
2) Click "More" in "Quotes", and you can see that the second category is "floor funds", including ETF, LOF, closed-end funds, SSE funds, graded funds and money funds. (Different trading systems have different typesetting of function keys, so you need to find them yourself, but the general content is similar. )
3) Open "Monetary Fund" and you can see the on-site monetary fund in the trading system.
4) Select one of the on-site money funds, and click in to see more information such as the price above, the time-sharing trend in the middle, and the buy and sell button above.
5) Click the "Buy" button at the bottom to enter the purchase interface, where you can enter the price and purchase quantity. , and then click the "Buy" button, the entrustment is successful, and the transaction can be completed after waiting for an indefinite time (depending on the market activity).
Extended data:
What do 1.OTC and OTC mean respectively?
OTC funds are simply funds bought in the primary market-directly from fund companies. After the fund company issues funds, we can buy (subscribe)/sell (redeem) from the fund company.
In most cases, the funds in the market are bought from other investors, similar to buying and selling funds from the second-hand market. This kind of transaction should be carried out in the stock exchange, so it is also called floor fund.
Second, the market is the stock market, which is what we call the secondary market. Off-exchange market is understood as the stock exchange market, that is, the agency sales of banks and securities companies, and the direct sales of fund companies, that is, the familiar open-end fund sales channels.
Closed-end funds and ETF funds can only be bought in the market (for large investors, ETFs can be bought in the "primary" market), that is, they can only be bought in the stock market. Other open-end funds can be purchased off-site, which is a well-known way, in which LOF funds can be purchased on-site.
Third, the floor trading price is real-time, that is, the price you bought at that time is the same, which is the same as the stock trading.
Just like off-site subscription, on-site subscription (subscription) can also get dividends, but there is one difference. The fund dividends purchased on the market can only be cash dividends, and cannot be reinvested. Those purchased off-site can be reinvested. Funds that can be redeemed and purchased on the spot can also be redeemed on the spot. The redemption price is the net value announced by the company on the day after the market closes. Buying (stock method) is different from buying (fund method), and selling is different from redemption.