Fixed investment is the abbreviation of fixed-term investment fund, which refers to investing a fixed amount (such as 500 yuan) in a designated open-end fund at a fixed time (such as the 8th of each month), similar to the bank's deposit and withdrawal method. This kind of investment can average the cost and spread the risk, which is more suitable for long-term investment. The characteristics and advantages of the fund's fixed investment 1, average cost, and risk diversification. It is difficult for ordinary investors to grasp the right investment opportunity in time, and they may often buy at market highs and sell at market lows. However, the fixed investment mode of the fund is adopted. No matter how the market fluctuates, the fixed investment fund will be fixed for one day every month, and the bank will automatically deduct the money, and automatically calculate the number of fund shares that can be purchased according to the net value of the fund. In this way, investors buy funds on schedule, and the investment cost is relatively average. For example, if you invest in an open-end fund of 100 yuan every two months, the total amount of investment in 1 year is 600 yuan, and the subscription price of each investment is 1 yuan, 0.95 yuan, 0.90 yuan, 0.92 yuan, 1.05 yuan and 65438 yuan respectively. Then you can buy 100, 105.3, 1 1, 108.7, 95.2 and 90.9 at one time, and the cumulative number of copies is 665438+. Then the average cost is 600 ÷ 6 1 1.2 = 0.982 yuan and the return on investment is (1.1× 61.2-600) ÷ 600×/kloc. (Note: Fund investment is risky, and the past examples are for reference only, not as a hint or guarantee of fund investment return. 2. Suitable for long-term investment. Because the regular quota comes into the market in batches, when the stock market is consolidating or falling, because the regular quota is undertaken in batches, you can buy more and cheaper, and the return on investment after the stock market rebounds is better than that of a single investment. For the China stock market, it should be a volatile upward trend in the long run, so regular quota is very suitable for long-term investment and financial planning. According to the survey results of Morgan Fleming Investment Company on investors in Taiwan Province Province, about 30% investors choose the way of regular fixed investment fund. Especially in the 3 1-40 age group, as many as 36% people are engaged in this investment. The survey of investors' satisfaction with investment tools shows that the satisfaction of investors who buy and sell stocks in Taiwan Province Province is 39.5%, that of investors who buy funds in Taiwan Province Province alone is 55%, that of investors who invest in overseas funds alone is 52.5%, and that of investors who invest in fixed funds regularly is as high as 53.2%, which further shows that investors prefer investment targets with low volatility and pursuing long-term stable appreciation. 3. It is more suitable for investing in emerging markets and small-scale equity funds. It is more suitable for investing in emerging markets or small-scale stock-based overseas funds with large fluctuations in long-term fixed investment performance. Because the callback time of the stock market is generally long and slow, and the stock market rises rapidly in the rising time, investors can often accumulate more fund shares when the stock market falls, so they can get better return on investment when the stock market rebounds. According to Lipper Fund data, as of the end of June 2005, the average return rate of investors who have continuously deducted money for investing in any emerging market or small company stock fund in the last three years is at least 23%. 4, automatic deduction, simple procedures for regular investment funds only need investors to go through one-time procedures at the fund agency, and then the deduction subscription for each period will be automatically carried out, usually on a monthly basis, but there are also other time limits such as half a month and quarter as regular units. In contrast, buying a fund by yourself requires investors to go through the formalities in person at the agency every time. Therefore, the fixed investment fund is also called "lazy financial management", which fully embodies its convenient characteristics. Advantages of regular fixed investment 1. Regular fixed investment makes a mickle. Investors may have some idle funds from time to time. By regularly planning to buy the target and increasing the investment value, they can "gather sand into mountains" and unconsciously accumulate a lot of wealth. Second, there is no need to consider the investment time. The key to investment is "buy low and sell high", but few people make a profit by grasping the best trading point when investing. In order to avoid this artificial subjective judgment error, investors can invest in the market through the "fixed investment plan", regardless of the market entry time, market price and long-term investment decision on its short-term fluctuation. Third, average investment and spread risks. The capital is invested in stages, with high and low input costs and relatively low long-term average, which maximizes the diversification of investment risks. Fourth, the compound interest effect is considerable for a long time. The income of the "fixed investment plan" is the compound interest effect, and the interest generated by the principal is added to the principal to continue to derive income. Through the effect of rolling interest calculation, the compound interest effect is more obvious with the passage of time. It takes a long time for the compound interest effect of fixed investment to be fully displayed, and it is not appropriate to terminate it casually because of short-term market fluctuations. As long as the long-term prospects are good, the short-term decline in the market is an opportunity to accumulate more cheap units. Once the market rebounds, long-term accumulated units can make a one-time profit. The fixed investment principle of the fund is 1, and the financial management target is set. You can deduct 3000 or 5000 regularly every month. When the net worth is high, you can buy less stocks, and when the net worth is low, you can buy more stocks, which can spread the entry time. This "average cost method" is most suitable for raising retirement funds or children's education funds. 2. Do your best. Fixed investment must be done easily and without burden. A customer once decided to deduct 50,000 yuan per month to diversify the investment target, but after a period of time, he had to take out the fixed deposit to continue investing, which was too uneconomical. I suggest that you first analyze your monthly income and expenditure and calculate the idle funds that can be saved, either 3000 yuan or 5000 yuan. 3. Choose a market with an upward trend. An oversold market with good fundamentals is most suitable for starting regular fixed investment. Even if the current market is at a low level, as long as you are optimistic about the long-term development in the future, you can consider starting to invest. 4. The investment period determines the investment target. The time compound interest effect of fixed investment and long-term investment disperses the short-term risk of short-term stock market and fund net value fluctuation. As long as the principle of long-term deduction can be observed, funds with large fluctuations can actually improve their returns, and funds with high risks should have better long-term returns than funds with low risks. If the long-term financial management goal is more than 5 years to 10 or 20 years, you may wish to choose a fund with large fluctuations, while if it is within 5 years, it is best to choose a fund with stable performance. 5. insist. Long-term investment is the most important principle of accumulating wealth regularly. This method must last for more than three years to get good results, and long-term investment can give full play to the compound interest effect of regular quota. 6. Grasp the timing of termination. The term of regular investment should also be determined according to market conditions. For example, after two years of investment, the market has risen to a very high point, and after analysis, the market may enter another short cycle, so it is best to cancel the contract first and get benefits. If you are about to face capital needs, such as retirement age, you should pay more attention to the market situation and decide when to terminate the contract. 7. Make good use of partial cancellation and convert funds in time. After starting regular fixed investment, if you have to cancel the contract for temporary redemption or the market is at a high point, you are not sure about the market outlook, and you don't have to completely cancel the contract, you can redeem some shares to obtain funds. If the market trend changes, you can switch to another round of rising prices and continue to make regular fixed investment. 8. Trust experts. When you start regular fixed investment, you don't have to care too much about short-term ups and downs and share accumulation, and you can consult experts if necessary. At present, there are three main channels for buying and selling open-end funds. The cheapest is floor trading: securities companies can buy and sell open-end funds, index funds, closed-end funds, LOF funds, stocks, warrants and bonds. There are more than 540 open-end funds. Bank subscription: it is the worst way to buy and sell funds: front-end fee 1.5%, redemption fee 0.5%, and back-end fee about 2%. However, if it is held for less than half a year, the redemption fee is charged year by year. Generally, there is no redemption fee for holding for more than three years. Each bank can probably buy 100 kinds of funds, and the money will arrive in 4-7 days, which takes a long time. Maybe the market has changed and you want to reapply, but the money hasn't arrived yet. This is the worst way to buy and sell funds. Two. Go directly to the fund company to purchase from the Internet: 1.5% of the subscription fee can be discounted by 60%, and the redemption fee is 0.5%. Each fund company can buy its own fund and register several fund companies online. When opening an online bank, it takes 4-7 days for the money to arrive at the account when it is redeemed, which takes a long time. Maybe the market has changed and you want to reapply, but the money hasn't arrived yet. It is troublesome to open online banking and register a number of fund companies online, which is a poor way to buy and sell funds. Three. Open a securities account and apply online at home without going to the bank. Some securities companies say that we have preferential policies for buying funds: the subscription fee is 0.3% and the redemption fee is 0.3%. Open-end funds, such as South China's active allocation and South China's high-growth Guangfa small-cap funds, can also buy index funds, that is, six ETF funds, such as Yifangda Shen 100 ETF Huaxia SSE 50 and AIA Dividend ETF, have low cost advantages, and the handling fee for buying and selling funds in securities companies is 0.3%. As for the income from the fixed investment of the fund, it generally depends on the operation of the market. For example, Huaxia Dividend invested 25% annual income last year, which is hard to say this year, but it is no problem to seek market income of around 10%.