There are more people who lose money by buying funds and more people who make money. No organization has done statistics, so it is impossible to know. But from the perspective of fund products, the funds that make money are more than those that lose money. Therefore, it is the investors' own problem that the fund loses money.

Fund managers usually choose the right time, but fund investors still have to choose the right time. However, fund investment does not need to choose the right time. As long as you don't buy funds when the stock market is particularly hot and the market valuation is particularly high. Moreover, funds are long-term investment varieties.