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Why are securities investment funds collective securities investors who share interests and risks?
The benefits are shared and the risks are borne, because many people bought this fund together. If they make money, of course they will make it together. You can't do it, nor can other people who buy this fund. The loss is the same. The so-called * * * bears are all people who buy the fund * * * bears.

To put it simply, collective investment means that his fund should be a village, and he can't do it without money. It's none of his business to ask others to invest in him, pay dividends to everyone and lose money to everyone.