Not necessarily, the long-term investment of the fund is meaningful, but long-term investment should be based on the fact that the fund is a high-quality target. The fund mainly earns the bid-ask price difference, and it can only make money if it is sold after the fund price rises. The fund invests in a basket of stocks, the stock market is short and the bear market is long. If you hold the fund for a long time, you have a greater probability of obtaining income and obtaining the expected income.

Whether a fund is a high-quality target investor can be judged from three aspects: fund manager, maximum withdrawal amount (the lower the maximum withdrawal amount, the better) and historical performance (the higher the historical performance, the better).