From 1 yuan to 2 yuan, it needs to be increased by 100%, from 2 yuan to 3 yuan only by 50%, and from 3 yuan to 4 yuan by 33.3%. ...
Therefore, the consequence of mass production of 3 yuan funds is that by the Spring Festival, 4 yuan funds may appear in batches!
You don't need to look at the net worth. As long as the fund is good, what about the 5 yuan fund?
The difficulty for 2 yuan funds to rise to 4 yuan is the same as that for 1 yuan to rise to 2 yuan, both of which are up to 100%. Obviously, it is equally difficult for 4 yuan Fund to change to 8 yuan. The quality and risk of a fund has nothing to do with its net worth forever.
For another example, are you buying a house with a price of 6,543,800 yuan or two houses with a price of 500,000 yuan? Or use 1 buy 1 house? How much is it to rent two small houses? Or is it more expensive to rent a big house?
The answer is uncertain, because the two houses may be completely different types. But you wouldn't say the cheaper the better.
This also applies to funds. We know that the fund reinvests in stocks. Whether you buy 65438+ 10000 0 yuan or 1000/0 yuan, you have invested 10000 yuan. This 10000 yuan went to the fund company, and he went to invest in the stock market. If the stock has a return of 10%, you will naturally have a return of 1000 yuan. For the fund with 1 yuan, it will rise to 1. 1 yuan, while the fund with 10 yuan will rise to1yuan. Your total assets have increased from 10000 yuan to 1 1000 yuan.
Never think about saying that 1 yuan has risen to 1. 1 yuan, only 1 gross, which is easy. 10 yuan has already risen to 1 1 yuan, and it is too difficult to rise to 1 yuan again. That's not what happened. The key is that the ratio is the same. What should be considered is the relative rise and fall, not the absolute value.
Conversely, if we think that no matter how many funds have net worth, it is the same difficulty to rise and fall in the same absolute number, a more strange phenomenon will appear.
One 2 yuan fund fell 1 yuan, and the other 1 yuan, losing 50%. If a fund with 1 yuan also falls by 1 yuan, it will be zero, that is, it will fall by 100%. You can't look at it that way.
Looking at the fund split, it is a mathematical game, and the net value has decreased, but everyone actually got nothing. There is no difference between risk and return and not splitting.
Look at the extreme example, in fact, there are already friends in front. Is it as difficult for a fund with 100 yuan to rise to 1 0/yuan as it is for a fund with1yuan to rise to 2 yuan?
For another example, there are three American index funds, all of which track the S&P 500 index. In more than three years, we can see that the growth rate of their net worth is basically the same, but we can also see that the absolute value of their net worth is so different, ranging from 4 yuan to 49 yuan.
That is to say, the difficulty of going from 78 yuan to 127 yuan is the same as that of going from 6 yuan to 10 yuan. Because they are all index funds of the same style.