There are two commonly used methods to calculate the net value of funds.
1, known price calculation method. According to the closing price of the previous trading day. You can know the buying and selling price of the unit fund and go through the delivery procedures in time.
2. Calculation method of unknown price. In other words, the fund manager uses the closing price of the day to calculate the net value, which means that investors don't know what the price of the fund is when they buy it, and they won't know until the next day.
Choose a fund to see the valuation. Underestimate buying. Overestimate sales.
We can evaluate it by considering the price-earnings ratio, profitability and other methods, and choose the right time to buy. For example, the Standard & Poor's 500 Index has a normal P/E ratio of about 16 times, which is overvalued by more than 25 times. That is, when the price-earnings ratio is lower than 16 times, you can buy it.
Guide to fund trading
Preparation process
Before purchasing a fund, investors need to carefully read the prospectus, fund contract, account opening procedures, trading rules and other fund-related documents, and all fund sales outlets should have the above documents for investors to consult at any time.
Individual investors need to carry the debit card of the correspondent bank and valid identity documents, and institutional investors need to carry the original business license, organization code certificate or registration certificate, as well as a copy of the above documents stamped with the official seal, power of attorney, agent ID card and a copy.
With the preparation materials, the customer goes to the bank counter to fill in the application form for fund business, and then receives the business receipt. Individual investors also receive fund trading cards, and they can go to the counter to receive business confirmation two days after handling fund business. Units or individuals can engage in fund subscription and redemption after receiving business confirmation.
How to buy
After completing the preparation for opening an account, citizens can choose their own time to buy funds. Individual investors can bring the debit card and fund trading card of the correspondent bank to the counter of the agency outlet to fill in the Application Form for Fund Trading (institutional investors need to affix the reserved seal), and must submit the application before the day of subscription 15: 00, and the counter will accept and receive the receipt of fund business. Two days after handling the fund business, investors can print the business confirmation at the counter.
First, no matter how the market fluctuates after the fixed investment, we will buy fixed investment funds with different net values every month, and automatically form an investment method of lightening positions on rallies and adding positions on dips, so that the average cost is at the middle level of the market. The fluctuation range of the whole year will be greater, and the risk of direct one-time investment will be greater. However, if you choose to invest regularly and stick to it, it will smooth the investment cost in the long run.
Second, the general starting point of fixed investment business is 100 ~ 300 yuan, which greatly lowers the investment threshold and provides convenience for small investors, so regular fixed investment is more suitable for wage earners.
Third, the fixed investment can be suspended, terminated or resumed at any time, and no penalty interest will be levied when the contract is terminated. You can advance and retreat calmly in the market risk, which ensures that you can adjust your investment in time according to your own judgment on the market. In the turbulent market environment, flexible investment methods may increase the security of your investment.
How to redeem
When investors intend to redeem their funds, they can bring the debit card and fund trading card of the opening bank, and also fill in and submit the transaction application form before 3: 00 pm. After being accepted at the counter, investors can inquire and redeem the fund after five days.
How to quit
If trading investors need to cancel trading, they can bring their fund trading card and bank debit card to the counter before the trading day 15, fill in the trading application form and indicate the cancellation of trading. If it is after 15, some banks can make an appointment for trading according to the quotation of the day and trade the next working day. Almost all banks and fund management companies support online trading funds.
Fund dividend
According to the provisions of the Fund Law, the requirements of fund management companies for dividends of closed-end funds are that more than 90% of the net income of funds must be distributed in cash and at least once a year.
The dividend principle of open-end funds is: after the distribution of fund income, the net value of each fund share cannot be lower than the face value; The bank transfer or other formalities occurring in the process of income distribution shall be borne by the investors themselves; On the premise of meeting the dividend conditions of relevant funds, it is necessary to stipulate the maximum number and minimum proportion of fund income distribution each year; If there is a net loss in the current period of fund investment, no income distribution will be made; The current year's income of the fund should make up for the previous year's losses before the current year's income distribution can be carried out.