1. Different in nature:

Although stock funds invest in the stock market, they are still funds, and stocks are completely two concepts. Stock is a kind of valuable securities issued by joint-stock companies, which is the proof of ownership; A fund is actually a sum of money, set up for a certain purpose and used for investment.

2. Different risk factors:

Although stock funds are risky, the risk coefficient is slightly lower than that of stocks. After all, the risk of the stock comes from the stock itself, and the risk is naturally great; Equity funds are investment funds. Although the stock position is not less than 80%, there are also fund risks, so some risks are dispersed and the risks are smaller.

3. Different price changes:

The stock price has been changing from opening to closing; The price of equity funds is not, because the net value of funds will be announced after the market closes every day, so the price of equity funds generally will not change within a trading day.

Stock is a part of the ownership of a joint-stock company and a certificate of ownership issued by a joint-stock company. It is a kind of securities issued by a joint-stock company to all kinds of shareholders, as a shareholding certificate to obtain dividends and bonuses. Stocks are long-term credit instruments in the capital market and can be transferred and traded. With it, shareholders can share the company's profits, but also bear the risks brought by the company's business mistakes. Each share represents the shareholder's ownership of the basic unit of the enterprise. Every listed company will issue shares.

The trading hours of most stocks are:

The trading time is 4 hours, which is divided into two periods: Monday to Friday from 9:30 am to 1 1:30, and in the afternoon from 13:00 to 15:00.

From 9: 00 am15 am, investors can place orders, and the entrusted price is limited to10% of the closing price of the previous trading day, that is, between the daily limit and the daily limit. Orders entrusted before 9:25 am are matched at 9:25 am, and the price obtained is the so-called "opening price". Orders placed between 9:25 and 9:30 were not processed until 9:30.

If the price you entrust cannot be concluded on the current trading day, you must re-register the order every other trading day.

Rest day: Trading is not allowed on Saturdays, Sundays and rest days announced by Shanghai Stock Exchange. (Generally, it is the national legal holidays such as May 1 International Labor Day, National Day, Spring Festival, New Year's Day, Tomb-Sweeping Day, Dragon Boat Festival and Mid-Autumn Festival).

There is a commission (handling fee) for buying and selling stocks. The commission for buying and selling stocks is determined by each securities company (the maximum is 3 ‰ of the transaction amount, and the minimum is not limited. The lower the better). Generally 0.05% of the transaction amount. If the commission is insufficient, 5 yuan will be charged to 5 yuan. Stamp duty is charged for buying and selling stocks: one thousandth of the transaction amount (it used to be 3‰, and the stamp duty was lowered in 2008, and one thousandth was charged unilaterally).

Stock income, that is, stock investment income, refers to the difference between dividends obtained by enterprises or individuals from foreign investment in the form of buying stocks, the amount obtained from transferring and selling stocks and the actual cost of stocks, and the amount of equity investment in the net assets increased by the invested unit. Stock income includes dividend income, capital gains and transfer income from provident fund.

Common stock refers to the shares that enjoy common rights in the company's operation and management, profit and property distribution, and represents the right to claim the profits and remaining property of the enterprise after meeting the requirements of full repayment of creditor's rights and the income and creditor's rights of priority shareholders. Common stock constitutes the foundation of a company's capital and is a basic form of stock. At present, the stocks traded in Shanghai and Shenzhen stock exchanges are all common stocks.