2020 is a bumper year for fund performance. The average rate of return of partial stock funds in 2020 is that although many people make money, in contrast, it is found that the income earned cannot reach the average rate of return of partial stock funds. Why do funds earn so much money and show such high returns, but investors don't get the same returns?

The main reasons are as follows:

First, there are many kinds of funds, and choosing a fund is a difficult problem.

In 2020, the cumulative number of fund public offerings reached more than 7,700, and the hot market brought about the hot issuance of new funds. The total number of funds continues to increase every year, and the average annual growth rate of stock funds is as high as 24%.

In such a huge fund team, choosing a few funds to invest is tantamount to looking for a needle in a haystack. The information to be filtered and the data used are also very complicated.

Second, if you are used to sprinting, you can't be a winning general.

It is extremely rare for a fund to have high returns for many years. Even an excellent fund, if you want to enter at any time, the probability of getting high returns from short-term trading is relatively low, because its excellent performance is also the result of averaging the higher returns in some years. The longer you hold it, the greater the probability of obtaining high returns.

Third, the timing is not accurate, and it is impossible to buy and sell at the most accurate node.

It is obvious that investors are at a disadvantage when investing. From the data point of view, when the market rises, investors show continuous subscription for stock funds, and when the market falls, they show continuous redemption. Obviously, investors can't get rid of the weakness of human nature, chasing up and down in investment, and it is easy to buy halfway up the mountain or at the top of the mountain and sell at the bottom of the valley.