I want to say a few words first: investment funds may not make money in the end (this risk exists in both short-term and long-term).

let me give you an example. Ok, to pour cold water on it, let me give a negative example (Japan)

Most funds in Japan (only domestic investment fund companies, excluding "global allocation" Japanese funds. To be honest, some Japanese global allocation funds still have a good rate of return, but this loan crisis has also been hit hard, so I won't mention their names, so leave them some face. ) The long-term yield can't even beat his own national debt (2-year national debt, the interest rate is a little over 2%, that's right, it's so low, ridiculous! This is still high in Japan). If you invest in such a stock market and such a fund, you might as well buy government bonds! ! !

to give another positive example, Peter, the world's number one fund manager? Lynch. From 1977 to 199, Peter? During Lynch's 13 years as Magellan fund manager, the fund's assets under management increased from $2 million to $14 billion, with more than 1 million fund investors, becoming Fidelity's flagship fund, and it was the largest fund in the world at that time, and its investment performance also ranked first. The average annual compound interest rate in 13 years is 29%. If you buy such a fund for a long time, you will be developed.

well, let me talk about my understanding of the fund here (for reference only)

1. The first prerequisite for buying a fund for a long time must be that the country invested by this fund company must be a country that can rise steadily in the future (global allocation funds can avoid some risks brought about by their poor investment environment to some extent, but local funds can't. Japan is the most typical negative example in this regard. A positive example is the Franklin Templeton Fund, a globally selected fund in the United States, with an annual growth rate of more than 1%. Don't underestimate this rate of return, because it is an outstanding achievement spanning more than half a century! ）。

2. The second premise is that this fund has excellent fund managers and excellent fund teams. This is very important, because good funds will still give fund holders good returns in a bear market (few funds can do this, private equity funds are better, and most of them in Public Offering of Fund can't). ）。 In fact, it is very difficult to choose a good fund manager and team, because this is "selecting people" (my experience is that "selecting people" is more difficult than "selecting stocks", and people are always the most complicated). A good fund is not only honest, diligent and solid, but also the investment idea of the fund manager, but this is exactly what ordinary people can't do, but it can't be helped. Another point is that excellent fund managers are always maverick, that is, when the market is biased, they can always stick to their own views and not follow the behavior of most people in the market (Prince Alvared's "Citibank War" fully illustrates this point, and John Neve, a Public Offering of Fund manager in the same period, also did the same thing and sang against the market! But sometimes the market is right, and this subprime mortgage is like this. So the reverse operation may not be successful. This is also an obstacle for ordinary citizens to choose funds, but statistically speaking, mistakes in the market account for the majority. ）。

3. talk about domestic funds. Most fund managers can be said to be "not under or above the straw bag, they are straw bags." There is no insult here, it is to tell the truth (think about singing more at 6 and singing empty at 2, is this logical? Such a fund is like a snob. When the market rises, they grab it, and when the market falls, they throw it away. I am speechless! ）。 Anyway, I have lost confidence in the fund managers in China (but I have full confidence in the China stock market, even though it is now devastated).

4. Index fund is a fairly stable investment product (because it is not manipulated at will, Peter Lynch's calculation result is that 7% of professional fund managers in the United States can't run the index in the long run. ）。 Again, as long as China grows steadily, index funds will definitely make money for a long time (especially by means of fixed investment on a regular basis).

5. bond funds, the rate of return is very ordinary. However, the reason why it is mentioned separately here is because the country is cutting interest rates now, so there will be capital inflows in the bond market (there is a proverb in foreign securities circles: when the stock market is overcast, the bond market will be clear and Wan Li. There is some truth in this sentence, especially when interest rates are cut. Note: The rate of return on investment in China's bond market will not be less than 15% this year. Not surprisingly, this phenomenon is normal in foreign countries, but most people in China only care about the stock market and don't understand the bond market. So let some smart people take advantage of it. This year, these people made a good profit in the bond market, and 15% is a small amount. ）。

6. Closed-end funds. He is mentioned here because it sometimes has some discount rate (that is, the transaction price is lower than the net value of the fund, but it cannot be redeemed at will and closed for a long time), and it can be traded like a stock. So sometimes there will be some arbitrage opportunities.

just write so much, my hands are tired. The reason why I wrote so many wordy words is that I found that when my current financial peers sell some financial products, they only talk about returns rather than risks, so I was a little wordy just now. Please forgive me. If you have any questions, you can add me 649988316. I am still very young. Please bear with me!