The buying time of the fund will have an impact on the income of the fund, so everyone wants to find the best time to buy the fund, so when is the right time to buy the fund? Here are some knowledge about buying funds for your reference.

Steps and methods of purchasing funds

First, to open an account, you must use your bank card and ID card to open a securities card in the bank. There are also banks called fund cards and wealth management cards, which are actually your own fund accounts in the bank. Some banks don't need to apply for another securities card, such as the debit card with financial management function issued by Agricultural Bank of China, the first five digits of which are 62284, that is, the fund account can be opened directly in the bank card as a sub-account, and the fund account can be opened directly at the counter.

2. Subscription/subscription of funds refers to the purchase of funds in the issuance period, and the subscribed funds cannot be sold during the issuance period; Fund subscription refers to the purchase of funds whose issuance period has ended, and the subscribed funds can be sold at any time; After opening a fund account, investors can freely choose to subscribe or purchase the fund. Generally, the operation process at the bank counter is to fill in the subscription/subscription business form first, and the fund share can only be inquired 2-3 working days after the bank accepts it. The net value of the subscribed fund shall be subject to the net value after the closing of the day. The subscription fee is generally about 1.5%, the subscription fee is generally about 2%, and the minimum subscription/subscription amount is generally 1, 000-5,000 yuan. At present, many customers have purchased and redeemed funds through online banking. The general fund business is handled online, and the handling fee will be preferential, but we must pay attention to network security.

3. Regular fixed investment funds regularly invest in a fund financing business similar to the bank's zero deposit and lump-sum savings business. It invests in an open-end fund regularly every month, and the bank deducts money from the customer's account on schedule every month according to the investment amount and investment period applied by the customer. The minimum amount of regular fixed investment is generally 100-500 yuan per month. The biggest advantages of regular investment are: buy in batches, invest regularly, and every little makes a mickle; It can also average the investment cost and avoid the opportunity risk. Let's give an example. Suppose we invest in 500 yuan every month, and the annual income is 12%. If we invest for 20 years, it will be ≈ 480,000, 25 years ≈ 890,000 and 26 years ≈10/10,000.

Four, because the provisions of banks and securities companies in business handling are not exactly the same, please refer to the provisions of banks and securities companies for specific details. In the investment of funds, we should choose leading companies in excellent industries and funds with stock varieties, and we should not blindly make short-term price differences. Finally, I want to repeat: funds are risky and need to be cautious in investment.

Seven tips for buying funds

First, correctly understand the risks of the fund and purchase the fund varieties suitable for your risk tolerance. Most of the funds issued now are open-end stock funds, which is the most risky fund in China. Some investors believe that the stock market is experiencing a big bull market, and many funds are issued through major banks, so there is absolutely no risk. But they don't know that the fund is just an expert in investing and managing money for you. They want to use your money to buy securities. Like any investment, there are certain risks, and this risk will never disappear completely. If you don't have enough risk-taking ability, buy partial debt or bond funds, or even money market funds.

Second, the choice of funds can not be greedy and cheap. Many investors will choose funds with lower prices when buying funds, which is a wrong choice. For example, Fund A and Fund B are established and operated at the same time. One year later, the unit net value of Fund A reached 2.00 yuan/share, while the unit net value of Fund B was only 1.20 yuan/share. According to this rate of return, in another year, the unit net value of Fund A will reach 4.00 yuan/share, while the unit net value of Fund B can only be 1.44 yuan/share. If you buy B fund cheaply in the first year, the income will be much less than that of A fund. Therefore, buying a fund must look at the rate of return of the fund, not the price.

Third, the new fund is not necessarily the best. In the mature foreign fund market, newly issued funds must have their own characteristics, otherwise it will be difficult to attract investors' attention. However, many domestic investors only buy new funds, thinking that they only issue new funds with a face value of 1 yuan, which is the cheapest. In fact, from a realistic point of view, except for some new funds with distinctive characteristics, the old funds have more advantages than the new funds. First of all, the past performance of the old fund can be used to measure the management level of the fund manager, but there is great uncertainty in considering the performance of the new fund; Secondly, all new funds have to complete the task of opening positions within six months, and some have a shorter time to open positions. In such a short time, if you want to invest a lot of money in the limited stock market, you must buy the stocks that the old fund has already built. This is the sedan chair of the old fund; Thirdly, the new fund has to pay stamp duty and handling fee, while the old fund that has already opened a position does not have this part of the fee when waiting for the income; Finally, some shares of the old fund are locked at the issue price, and the future listing is a stable income. The research team of the old fund is generally more mature than the new fund. So when buying a fund, the old fund should be the first choice.

Fourth, the fund with more dividends is not necessarily the best fund. In order to cater to investors' psychology of making money quickly, some funds pay dividends immediately after the closed period. This practice is to take the money out of the investor's left pocket and put it in his right pocket, which has no practical significance. Instead of focusing on catering to investors, it is better to focus on market research and fund management. Funds managed by investment guru Buffett generally do not pay dividends. He believes that his investment ability should be higher than that of other investors, and the value-added of money in his hands is faster. Therefore, investors must look at the growth rate of net worth, not the amount of dividends.

Fifth, don't just stare at open-end funds, but also pay attention to closed-end funds. Open-end fund and closed-end fund are two different forms, and each has its own advantages in operation. Open can be redeemed at any time according to the net value, while closed has no redemption pressure, which makes its capital utilization efficiency much higher than open.

Sixth, carefully buy split funds. In order to cater to the demand of investors to buy cheap funds, some fund managers split the funds that have performed well for a period of time into a unified net value. Most of these funds are to expand their scale. Imagine that before the fund is unified, it sells some of the stocks it holds, and after the expansion, it buys a lot of stocks, not to mention how much handling fees it has to pay to buy and sell stocks. Just rushing to buy after expansion has certain risks. In fact, the performance of funds using this marketing method is not ideal.

Seventh, investment funds should be long-term. Buying a fund is to admit that experts are better at managing money than themselves. Don't speculate on funds like stock trading, or even redeem them after earning a price difference. We should trust the fund manager's judgment on the market.

I just bought a fund, and I lost money inexplicably. What's going on here?

I. Handling fee

As mentioned in the expense series "Introduction to Funds | Buying Fee of Funds", most A-type non-monetary funds will charge a certain subscription fee (for the convenience of investors, some platforms will call it buying fee). This fee is borne by the investor and deducted directly when buying.

If you buy a fund of 1 10,000 yuan, the subscription rate is 1%, and the net value on the day of subscription is 1 yuan, then the handling fee is 1 10,000/(1+1%).

So if you buy a fund with a subscription fee, the next day you will find that your account is floating, and this floating loss is caused by the handling fee. Perhaps many small partners will wonder, don't platforms like Alipay and Tian Tian all update their income that night? How can I see them the next day?

The income is indeed updated that night, because the net value of general funds can be disclosed at 20: 00 that night, so these platforms can calculate the gains and losses caused by changes in the net value, but the calculated value of the handling fee needs to be calculated by the fund company before it can be provided to these platforms, usually the next day, so the changes related to the handling fee can only be seen the next day.

Second, the difference of accuracy calculation

The first situation is within everyone's reasonable cognitive range. The second one is actually very common but rarely noticed. A while ago, a small partner bought a class C fund without subscription fee, and the account lost money the next day, losing a penny.

I didn't know it was accurate until I studied it. For funds without subscription fee, if the net value is 1.4567, if you buy 10 yuan and keep the decimal point, the calculated share is 6.86483 147, but the system cannot record the decimal point indefinitely, and the share generally keeps two decimal places, such as 6.86, and then according to 6.86 _/kloc-. Isn't it amazing? The next morning, when you buy 10 yuan, it becomes 9.99 yuan, which is equivalent to a loss of 1 cent. Of course, according to this idea, it can also be a profit of 1 cent.

This kind of situation, according to reason, will also happen in the scene with subscription fee, but this penny will be buried in the handling fee, which will not be as obvious as the situation without subscription fee.

Third, the misunderstanding caused by dividends.

The first two situations are aimed at what may be found the next day after buying. The first case is normal, and the second case is special, but the explanation is understandable.

Then there was the third one, especially the combination of Alipay a few days ago, and then many small partners who bought the combination asked me how I just bought it and lost money. Although I vomited a lot, I vomited unreasonably. The loss is great.

According to the regulations on dividends, generally, "the fund shares that apply for subscription or conversion on the equity registration date do not enjoy the right to dividends, and the fund shares that apply for redemption or conversion on the equity registration date enjoy the right to dividends." Therefore, there will be no floating losses caused by buying on the first day and catching up with dividends on the second day. Why can dividends have floating losses? Please refer to "Brief Introduction to Funds | Why are there huge losses and net value plummeting in dividends? 》; But it does happen that you just bought a fund or portfolio and then catch up with the dividends in the next two or three days, and the situation in the screenshot will appear.

In particular, this stable combination of Alipay is aimed at ordinary investors, and the default method is cash dividend (I wanted to vomit last time, but I didn't mention it after some consideration). Although it was finally explained through customer service, I also know that the dividend money has arrived at Yu 'ebao, but the overall experience still needs to be improved, which is easy to cause misunderstanding by customers, such as the following one.

Now that this point has been mentioned, let's talk more about the second point. Some small partners are worried about whether the platform is safe because of the small problem of revenue calculation of a platform.

In fact, the revenue calculation of each platform is for reference. What does this mean? If you bought two Maotai's with 10 yuan, you should not have 10 yuan in mind, but two Maotai's. For example, from 5 yuan/Kou to 6 yuan/Kou today, your two Maotai's have a floating profit of 10 yuan, but you still have two Maotai's, which will be realized at the selling price the moment you sell them again.

The same is true of funds. Once you buy them, your thinking should become "sharing" thinking. The calculation of daily income is for reference only. That's what you've always had. Even if the platform calculates your income incorrectly, it will not affect your final share. Until the moment you sell your share, the fund company will confirm it for you according to the price on the day of sale, and you will get real funds.

Of course, when selling, there will still be a price difference of a few cents because of the accuracy, and people usually buy one more, make a fixed investment or buy in bulk, and then sell one more in the past, which will produce multiple errors of 0.0 1, but once they are ready to sell, they will either make a big profit or cut their meat and leave. This error should be invisible.