Securities are "vouchers" and "IOUs". It's a voucher for you after you pay. This is a popular saying. Nowadays, securities are all electronic and the physical objects are invisible, but the "white note" nature of securities has not changed.

Stocks, futures and funds are all kinds of securities. The difference is that the rights recorded on the white strip are different.

Stock: It records the ownership of assets. With this white note, you can enjoy the right to share dividends and the right to make business decisions.

Futures: It records the right to deliver at the price agreed by the buyer and the seller at a certain time in the future. For example, you and I are now negotiating to trade rice at the price of a catty of 5 yuan money in three months. Even if the rice rises to 10 yuan a kilo in three months, it should be delivered at the price of 5 yuan money.

Funds: People pool their money and hire professionals to manage and invest. The right recorded in the fund is to enjoy the benefits brought by investment, and of course to bear the risk of loss.

I hope it helps you.

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