Skills of managing money to buy money funds: take what you need on and off the court.
Monetary funds are divided into two schools, one is off-site school, and the most typical one is Yu 'ebao. The way to apply for redemption is the same as that of ordinary open-end funds. Usually? Baby? Class products are bound to OTC money funds. One is the on-site faction, which is divided into trading goods base and redemption goods base. Buying and selling money funds through stock accounts is more suitable for friends who speculate in stocks. What is more popular is the on-site trading of goods base, which can not only be traded in the secondary market like stocks, but also be redeemed off-site. However, the redemption-type cargo base cannot be traded in the secondary market, and can only be redeemed by some brokers.
Therefore, friends who speculate in stocks may wish to choose the on-site cargo base, which can be traded at T0. When they see a good investment opportunity, they can immediately sell the goods base and buy stocks. If there is no good stock target, they can also enjoy daily income through the on-site cargo base. In addition, the on-site cargo base can also be arbitrage through discount premium, which is an advanced content. The old driver in the back can say this alone.
Seize the opportunity to increase income
Friends who have bought money funds will realize the following two points: 1. Money fund is a very stable way to make money. The rate of return is different every day, and there are always days when you earn more than usual.
If you study it, you will find these? Earn much? Our time points often appear at the end of the season, the end of the year and holidays. A further study shows that these times are often the times when the market is most short of money. Buying a money fund at this time is tantamount to lending money to institutions that are short of money, mainly banks, and banks will pay a high price to buy your money. The tight liquidity on the eve of the long holiday often attracts a lot of short-term arbitrage funds, and the yield of money funds will also rise.
Three principles to help you check.
There are many opinions about choosing money funds on the Internet, which are probably the following three principles:
1, buy big but not small. The biggest advantage of money funds is liquidity, so when you choose money funds, liquidity is the primary consideration. It is best to choose a large cargo base with scattered holders, which has higher bargaining power and can control liquidity risk better. The balance treasure is good.
2. Buy old things instead of new ones. Try to choose an old cargo base with long establishment time and mature operation.
3. Buy high and not buy low. On the basis of satisfying the above conditions, choose a monetary fund with relatively high and stable returns. As the old driver mentioned before, what are the ways to announce the income of the money fund? Seven-day annualized rate of return? And then what? Earnings per ten thousand copies? Due to the high income on a certain day such as the end of the month, the end of the season or even the weekend, the 7-day annualized rate of return may rise in the short term. The real income can be seen in the income of 10,000. In addition, you can choose Class A or Class B according to your own situation, and the difference between them mainly lies in the investment threshold. Class A is mostly from 1 yuan and 100 yuan, which is suitable for ordinary investors; Class B is generally 5 million yuan, which is suitable for institutional customers. At present, some B-categories have lowered their starting threshold, and some only need 100 yuan. See the article of the old driver on July 27th for details. Encounter such a good thing, you can secretly have fun.
The difference between open-end funds and closed-end funds (1) The variability of fund scale is different. Closed-end funds have a definite duration (in China: not less than 5 years), during which the issued fund shares cannot be redeemed. Although this kind of fund can be raised under special circumstances, it must meet strict legal conditions. So in general, the size of the fund is fixed. However, the fund shares issued by open-end funds can be redeemed, and investors can also buy fund shares at will during the duration of the fund, which leads to the constant change of the total amount of funds every day. In other words, it's always there? Open? The state of. This is the fundamental difference between closed-end funds and open-end funds.
(2) There are different ways to buy and sell fund shares. When a closed-end fund is initiated, investors can subscribe to the fund management company or sales organization; When closed-end funds are listed and traded, investors can entrust brokers to buy and sell at market prices on the stock exchange. When investors invest in open-end funds, they can purchase or redeem them from fund management companies or sales organizations at any time.
(3) The buying and selling prices of fund shares are formed in different ways. Because closed-end funds are listed on the exchange, their buying and selling prices are greatly influenced by the relationship between market supply and demand. When the market supply is less than the demand, the buying and selling price of the fund unit may be higher than the net asset value of each fund unit, and then the fund assets owned by investors will increase; When the market supply exceeds demand, the fund price may be lower than the net asset value of each fund unit. The transaction price of open-end funds is calculated based on the net asset value of the fund unit, which can directly reflect the level of the net asset value of the fund unit. In terms of fund transaction costs, investors have to pay a certain percentage of securities transaction tax and handling fee in addition to the price when buying and selling closed-end funds, just like buying and selling listed stocks; The related expenses (such as initial subscription fee, redemption fee, etc.) that investors of open-end funds need to pay are included in the fund price. Generally speaking, the transaction cost of closed-end funds is higher than that of open-end funds.
(4) The investment strategies of funds are different. Since closed-end funds cannot be redeemed at any time, all the funds raised can be used for investment, so that fund management companies can formulate long-term investment strategies and achieve long-term business performance. Open-end funds, on the other hand, must keep some cash for investors to redeem at any time, but not all of them are used for long-term investment, and generally invest in assets with strong liquidity.