The main contents are as follows:
1. The fund conversion of the same company saves the process of redeeming the fund, and directly converts the fund shares held into the fund shares of other open-end funds managed by the company. For the expenses that Ji Min is most concerned about, there is still an advantage in capital conversion with the company. When the fund is converted, it is not necessary to pay all the fund subscription fees, but only the difference compensation for the transfer-in and transfer-out fund subscription, plus the redemption fee for the transfer-in fund.
Take E Fund as an example: investors subscribe for this fund at a subscription fee of 1.5%, and prepare to convert it into another hybrid fund under the company. If the fund subscription fee is 1.5%, the investor conversion fee is 0.
2. China Bank's steady closed-end financial management also has a certain loss probability, which is normal. Bank of China closed-end net worth wealth management products are likely to lose money.
3. Net worth wealth management products are non-guaranteed floating income wealth management products. Investment institutions do not promise to guarantee the principal or minimum return.
The change of product net value determines the positive and negative returns of investors. The losses of different forms of wealth management products are also different. Bank wealth management products are divided into guaranteed and non-guaranteed types. The income is different. Theoretically, financial products are risky. Stocks, foreign exchange and crude oil futures may be several times the principal, in the case of leverage. P2P is a mortgage platform, and the principal can be guaranteed. A platform without collateral probably has no principal at all.
4. Precautions for purchase
(1) From the risk point of view, as long as the risk level is 1 or 2, the principal risk is almost zero, that is, there is basically no principal loss, but the income is not necessarily. For investors who are not very experienced in financial management and have a strong sense of risk, they should avoid financial products, that is, structured financial management. This kind of products are linked to stock index, gold, foreign exchange and other derivatives, and the yield fluctuates, so it reaches the expected maximum.
(2) In terms of income, it is suggested to choose small joint-stock banks and large city commercial banks. The wealth management income of these two types of banks is relatively high, and most of them issue unstructured wealth management with a risk level of 1 or 2, which is more suitable for ordinary people. However, large joint-stock banks such as China Merchants Bank have relatively low income banks, smaller city commercial banks and rural commercial banks have weak investment management capabilities, and state-owned banks have low wealth management income, which is not recommended.
(3) From the perspective of liquidity, that is, the term of the product, we should choose according to our own situation. Under normal circumstances, if you don't have large expenditures or reserve emergency funds in the short term, I suggest you choose medium-and long-term wealth management products. After all, the income is high and easy. But remember not to put all your money on bank wealth management products with poor liquidity.
In addition to the conversion with the company, there is also a way of "cross-company capital conversion"! Cross-company fund conversion is called "super conversion" in Tian Tian Fund. Its advantage is that it can realize the conversion between cross-company products. If the fund held by investors has poor returns and the fund of the same company has no good foundation, "over-conversion" is your first choice.
For example, the fund of Fund A applies to be converted into the fund of Fund B on T-day, and the fund of Fund B will start to subscribe for the fund of Fund B according to 90% of the redemption closing valuation. The subscription of fund share A is confirmed on t+ 1 day. For Ji Min, the advantage of "super conversion" is that it saves the waiting time for purchase and redemption, and can be converted into products of different companies.