Pure bond fund specializes in investing in bonds, with stable income and no ups and downs; No more than 20% of the funds of the first-class bond fund can participate in the new business in the stock market; No more than 20% of secondary bond funds can participate in the trading of stocks in the secondary market, which fluctuates greatly; Convertible bond funds mainly invest in convertible bonds, which fluctuate greatly.
The average annual income of ordinary pure debt funds is about 5%-7%, which can be sold in the previous trading day and received in the second trading day;
The average annual income of Yu 'ebao (belonging to the Monetary Fund) is about 2%, which can be taken at any time.
The three-year income of bank time deposits is less than 4%, and the liquidity is relatively poor.
From the perspective of income: bond fund >; Bank time deposit (from two years) > Yu 'ebao; Banks will have higher certificates of deposit.
In terms of liquidity: Yu 'ebao > bond fund > bank time deposit (from two years). Of course, there are also time deposits that can be withdrawn at any time.
Save some money in the bank or monetary fund as an emergency reserve fund for a rainy day. Considering the holidays, transfer restrictions and other factors, the bank's account is still relatively fast.
The risk of pure debt fund is lower than that of stock fund, hybrid fund and index fund, and its net value does not fluctuate greatly with the stock market, so it can be used as a good safe-haven asset. We can decide whether to allocate bond funds in our portfolio according to our risk tolerance and financial habits.
(1) as a hedge fund
You can sell it in an emergency, and the possibility of loss is very small. Just earn less (provided that you choose a good bond fund).
Equity and hybrid funds fluctuate greatly, and may plummet when you need money urgently (many people who advertise value investment may just be trapped and can only pretend to be dead, if you need money urgently at this time), then you can only cut the meat; Money fund income is too low (see Yu 'ebao). Convertible bond funds are not recommended here because the risks are relatively high.
Predictable expenses in life, such as buying a car, getting married, having children, going to school, etc. You can put your money in a pure debt fund.
② Investment fund pool
There is usually a seesaw phenomenon between the stock market and the bond market, which is negatively correlated and can complement each other.
When the market environment is relatively poor, falling continuously or in a bear market (for example, the Shanghai Composite Index has dropped by 2,000 points now), and stock funds and hybrid funds have fallen to a relatively low point, it is also a good choice to convert money funds and pure debt funds into stock funds and hybrid funds, reduce the cost of holding positions, increase the share of positions and wait for the market to turn over.
Some people may go after them in batches. Even in batches, there may be no funds in hand when the market plummets. At this time, you may be able to use your cash pool (pay attention to the timing, don't use it easily, don't start using it just a few days after the market falls, and try not to use it).
Don't blindly copy the bottom.
Look at the income of five excellent pure debt funds in recent years: the average annual income in the past three years can reach 6%. Compared with their risks, the income is not bad, and it is not bad for people who pursue low risks.
Because the income of pure debt fund itself is not high, the cost (subscription fee, redemption fee, operation fee, etc. ) must be considered when buying a pure debt fund. With the increase of holding period, the fund redemption fee can be as low as 0.