1. There is nothing wrong with the handling fee. Buying in the bank is 1.5%.

2. Without dividends, there will be no dividend reinvestment. That means reinvesting dividends after dividends to increase the share. 163 yuan is a profit, not a dividend.

Various aspects of fixed investment in funds

At present, almost all fund companies have started fixed investment business. Industry, construction, agriculture, China, Bank of Communications, Shanghai Pudong Development Bank, China CITIC Bank, China Everbright Bank and China Guangfa Bank all handle fixed investment, but the fund companies and types of fixed investment are different. After a long period of repeated publicity, the fixed investment has been recognized and accepted by most people. Here is a brief review of all aspects related to the fixed investment of the fund, hoping to help investors.

1. what is a fixed investment?

Fixed investment refers to investing in the same designated open-end fund with fixed funds on a fixed date (such as the 8th of each month), and the fixed investment period can be once a week, once a month or twice a month. The starting point of each fund company's investment amount is slightly different, ranging from 1 yuan to 2 yuan, and accumulated by integral multiples of 1 yuan. Generally, there is no upper limit. As an innovation of the fixed investment method, a number of fund companies jointly launched "Jizhi Fixed Investment" with ICBC, and implemented "fixed time and no quota". According to the fluctuation of the stock market the day before the designated subscription date, the system automatically adjusted the investment amount within a certain range; If it goes up, it will be lowered, and if it goes down, it will be raised to reflect the principle of "buy low". Investors can apply for fixed investment at the counter of the agency bank after selecting the fund type, or they can apply on the websites of online banking and fund companies, sign a fixed investment agreement, and stipulate the deduction period, amount and fixed investment period. On the agreed date, the bank card will be automatically deducted. If the bank card balance is insufficient, resulting in unsuccessful deduction for two or three consecutive months (different regulations of banks and fund companies), the fixed investment will be automatically terminated.

2. characteristics of fixed investment

1. the key to the profit and loss of fund investment lies in the timing of buying (subscription), selling (redemption) and the choice of fund varieties. In comparison, the choice of timing is more important than variety, and it is much more difficult. The net value of the fund rises and falls with the rise and fall of the stock market, so the analysis of the stock market outlook is particularly important. However, it is impossible for ordinary investors to have this kind of professional knowledge and skills. They only decide the timing of entering and leaving the market based on the supervisor's feelings and hearsay. They may buy at a high level and sell at a low level, thus making it difficult to obtain the expected income. Fixed investment is invested by stages, and the investment cost is high or low, which is relatively low on the long-term average, playing a role in leveling costs and dispersing risks. Compared with single purchase, fixed investment is much less important for timing, and some even publicize that "fixed investment can not consider timing".

2. For the "moonlight family" and the salaried family who are left behind after living expenses are removed, the fixed investment is similar to the lump-sum withdrawal, which has the function of "compulsory financial management". After a small investment, over the years, a lot of sand will accumulate, and a considerable amount of assets will be accumulated in a few years.

3. Many financial planners, salesmen of banks and fund companies unanimously claim that fixed investment is suitable for investors with low risk tolerance. This is obviously misleading! It should be said that stock investment is a high risk, and buying a fund is to entrust a fund company to invest in a stock portfolio, which is a lower high risk; Fixed investment of funds is a way to reduce high risk to medium risk, and it is by no means low risk.

III. Duration and redemption of fixed investment

Some analysts told investors that the longer the fixed investment time, the higher the income, so we must persevere and never give up halfway. This is an unrealistic propaganda. It is impossible for the stock market to grow steadily every year. If a big bear market happens at the deadline of fixed investment, or the market collapses during the fixed investment, the income will be greatly reduced or even huge losses will be generated. According to the calculation of the well-known fund research institution-Good Buy Fund Research Center in China, if an investor started to invest in the "Huaan China 5" index fund in December 22, the cumulative rate of return by the end of December 27 was 144.83%, but by the end of December 28, the rate of return had dropped to 35.8% after a year's plunge. From the perspective of foreign markets, if February 28, 29 is the deadline for fixed investment, the long-term bid for the S&P 5 index will be 1 years, with a loss of 43%; The yield of fixed investment for 2 years is only 5%, which is far less than that of bank deposits. These conclusive data are enough to fully explain that "the longer the investment, the better" is purely misleading! Wang Qunhang, a senior analyst at Galaxy Securities, pointed out that "the long-term fixed investment of funds is relative, and there is no absolute rigid fixed investment of funds." He also pointed out that at present, almost all fund companies recommend to all investors that all funds can make fixed investment on all occasions and at all times, which is debatable. This gives us profound enlightenment to avoid misleading.

the term of fixed investment depends on the market situation. if the market outlook will enter a downward channel, the fixed investment that has been handled should avoid risks and be redeemed or converted in whole or in part, so as to make the gains safe or avoid expanding losses. For example, the original plan is to make a fixed investment for five years. After three years of deduction, the stock market has reached the top of the stage. If it is about to turn into a bear market, it should be resolutely redeemed and profit-taking, so as to avoid the loss of income. During the fixed investment period, the stock market has reached the expected index and the income has reached the expected target, so it is necessary to consider adjusting the strategy, redemption or conversion.

it should be noted that only the over-average cost can make a profit during redemption. The profit and loss point of the fund's fixed investment is not the arithmetic average of the net value of each fixed investment, but should be estimated by dividing the total amount of fixed investment by the total share actually purchased. Only when the net value of the redeemed fund exceeds this profit and loss point can it make a profit.

according to the regulations, even if all the fund shares of fixed investment are redeemed, the fixed investment agreement has not been terminated, and as long as there is enough balance on the bank card, it will still be deducted regularly. And don't think that all redemption is the cancellation of fixed investment!

IV. Timing of starting fixed investment and selection of fund types

Admittedly, the timing of fixed investment is far less important than that of single purchase, but the timing of starting fixed investment is still very particular. The ideal start time should be when the stock market is in a downward channel, but the market outlook is obviously optimistic, and it will soon "flip more". The stock market rises repeatedly but fluctuates greatly, which is most suitable for fixed investment.

what kind of fund should I choose for a fixed investment? First of all, it must be clear that all funds are not suitable for fixed investment. Generally speaking, there are at least two types of funds: active and stable. Whether in a bull market or a bear market, the performance is good, which can help investors get higher returns to the greatest extent. If it is difficult to choose, you may wish to vote for an index fund.

5. is the return of fixed investment higher than that of single purchase?

it must be clearly said: not necessarily!

after serious and rational analysis and thinking, we can draw such a conclusion: in a bull market, the income of fixed investment is lower than that of single purchase; In the bear market, the income from fixed investment is higher than that from single purchase; In a volatile market, depending on the operating skills of investors, it should generally be no less than a single purchase.