Many people may be curious about the operation method of self-selected funds. How should self-selected stock funds be bought and sold? What can I do to gain more? Here's how to buy and sell the optional funds brought by Bian Xiao. I hope you will like it.
How to buy and sell self-selected stock funds?
Buying and selling optional funds can be carried out through the following steps:
Buy optional funds:
Choose a trading platform: choose a reliable securities trading platform or an online broker to register and open a securities account.
Selection of optional funds: according to your investment objectives, risk preferences and needs, select qualified optional funds on the trading platform. The fund can be evaluated according to historical performance, cost, investment strategy and other factors.
Place an order for purchase: log in to the selected trading platform, find the self-selected fund you want to buy, and enter the purchase amount and other related information. After confirmation, submit the purchase order.
Transfer of funds: transfer enough funds into your own securities account to ensure that there are enough funds to pay for the purchase of self-selected stock funds.
Confirm transaction: generally, after the purchase order is submitted, a transaction confirmation page will appear to verify the order information and expenses and confirm the purchase transaction.
Selling optional funds:
Log on to the trading platform: open the trading platform you use and enter the securities account.
Select the position of the self-selected fund: select the self-selected fund you want to sell and check its current market value and profit and loss.
Place an order to sell: select the selling option on the trading page of the self-selected fund, enter the relevant information such as the selling share or amount, and confirm the selling instruction.
Confirm the transaction: verify the information and cost of the selling order and confirm the selling transaction.
Settlement of funds: after the sale is completed, according to the trading rules, the funds will be settled according to the sale amount and expenses deduction, and will be entered into your securities account.
How to buy and sell funds?
Open the trading software, find the fund to buy, and then enter the purchase amount. When selling, click on the fund you hold, and then click on it to sell.
OTC fund trading rules;
1. Entrusted time. Off-exchange funds can be purchased and redeemed flexibly, but the time node is still 15:00 pm every trading day, and orders before 15:00 are calculated according to the net value of the day; For orders after 15:00 pm, calculate the net value of the next trading day. If the subscription is made before 15:00 pm on the trading day, you can complete the subscription according to the net value of the fund on that day, and you can determine your own fund share the next day. If it is after 15:00 pm, then the share can only be calculated according to the net value of the fund on the second day, and the fund share will be confirmed on the third trading day. Selling is similar to buying.
2. Commission fee. Class A funds need to charge subscription fees; Class C funds do not need subscription fees, but the sales expenses are accrued in the net fund value every day. The redemption fee is calculated according to the holding time of the investor. The longer the holding time, the lower the redemption fee. Apply according to the subscription amount and redemption share.
3. Cancel the order. Orders for the day can be cancelled before 3 pm; You can't cancel the order after 3 o'clock. In other words, if investors suddenly want to withdraw their orders after 3 o'clock on the last trading day and before 3 o'clock today, they must submit them before 3 o'clock today, otherwise they will not succeed.
How to choose your own fund
First, the past performance is beginning to show.
Mainly through the four principles of "establishment time", "annual income", "maximum withdrawal amount" and "income in the last year or two"
1, established for more than 2 years.
(1) Why do you want to use this principle to filter?
If it has been established for less than 2 years, it will not be considered, because the luck component can greatly affect the short-term income of the fund. If the time is long enough, the possibility of luck will be less.
(2) How much money is left after screening.
Through this principle, there are 2080 funds left after screening.
2. Since its establishment, its annual income has reached 20%.
(1) Why do you want to use this principle to filter?
Every fund has a theme or investment scope. Even if the fund manager and strategy are changed again, it will still be based on the original theme or scope, so the historical rate of return can judge that the theme is better.
(2) How much money is left after screening.
Through this principle, the remaining 243 funds were screened.
3. The maximum cash withdrawal since its establishment is less than 40%.
(1) What is the maximum refund?
Maximum withdrawal rate: the maximum withdrawal rate of the yield at any historical point in the selected period when the net product value reaches the lowest point. Maximum retracement is used to describe the worst possible situation after purchasing a product.
(2) Why should this principle be used for screening?
There are many funds with very high returns recently, but if you extend the returns to the establishment, you will find that some funds have a huge retreat. The maximum retracement represents the maximum possible loss of your assets. Therefore, in order to reduce risks, this principle is also essential.
(3) How much money is left after screening.
According to this principle, the remaining 102 funds were screened.
4. The annualized income in the last year has exceeded 10%.
(1) Why do you want to use this principle to filter?
The income in the last year or two to test whether this theme or this fund manager still meets the income standard in the last year or two.
(2) How much money is left after screening.
Through this principle, the remaining 19 funds were screened out.
Through the screening of these past achievements, most of the funds were screened out.
Second, the fund manager screening
The income of active funds mainly depends on the judgment of fund managers, so the ability of fund managers is particularly important. Therefore, the judgment of the fund manager is also added here.
The fund managers 1 and 1 have not changed each year.
(1) Why do you want to use this principle to filter?
After changing the fund manager, it is difficult to see what his income will be like if his term of office is short, so the viewing period is extended here, which is 1 year.
(2) How much money is left after screening.
According to this principle, there is still 15 funds left after screening.
2. The current fund manager, and the average annual income of each fund manager exceeds 20%.
Why use this principle to screen?
1 The high return of the fund may be lucky, but if all the funds managed have good returns, I believe this fund manager is still capable. This principle can reflect the level of fund managers by looking at all funds managed by fund managers and averaging the income during their tenure (converted into adult income).
3. The same is true for fund managers, who have good performance in the past two years.
What indicators are better for buying funds?
In fact, the answer to this question is similar, because the analysis index of the fund is fixed. For example, the maximum withdrawal amount of the fund, Sharp ratio, historical performance of the fund, Shanghai and Shenzhen 300 income curve, fund size, whether the fund has dividends, fund valuation, professional level of the fund manager or fund management team and so on. These indicators can be used to evaluate the quality of the fund. Of course, we can't do it unilaterally. That would be too one-sided. We need to consider all the indicators.
Although we can evaluate the quality of a fund through the analysis of various indicators of the fund, the analysis of these indicators is external and has the nature of * * *. In my opinion, we investors need to analyze our own indicators first.
From the inside out, this analysis of fund quality will have individual characteristics, so as to find a more suitable fund. For example, only by evaluating your risk tolerance can you know which fund type you are suitable for, because different fund types have different risks. There is also an analysis of your investment style, expected target income and idle funds, so that you can find your personality characteristics from * * * *. First analyze your own personality indicators, and then analyze the * * * indicators of the fund to find a suitable investment fund.
How to distinguish between good and bad funds?
How to distinguish the quality of a fund is mainly analyzed from the following * * * indicators:
1, maximum withdrawal amount
The maximum withdrawal of the fund refers to the range from the highest to the lowest net value of the fund in a period of time, that is, the fund fluctuates extremely badly in a period of time, which is also the biggest loss for fund investors in a period of time, so the lower the maximum withdrawal of the fund, the better.
2. Sharp ratio
Sharp ratio means that the fund can obtain excess return by taking unit risk. The higher the Sharp ratio, the higher the excess return and the better the fund performance. Generally speaking, the Sharp ratio of equity funds and hybrid funds is better than 1.
3. Historical performance of the Fund
The historical performance of the fund is also the performance since its establishment, so the higher the historical performance of the fund, the better the fund will be.
4. Shanghai and Shenzhen 300 yield curve
This indicator mainly compares the fund return rate with the Shanghai and Shenzhen 300 return curve. When the fund's return rate is greater than the Shanghai and Shenzhen 300 return rate curve, it means that the fund's investment return rate is high, on the contrary, it means that the fund's return rate is poor.
5. Fund size
Generally speaking, the larger the fund, the more stable the fund and the smaller the fluctuation. However, we should also know that the larger the fund scale, the more difficult it is for fund managers to operate and the higher the professional requirements for fund managers.