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Why do funds have to sell high and buy low?
First of all, funds don't make money by buying low and selling high.

The profit model of the fund is mainly fund dividends. Because the fund pays dividends irregularly every year, the net value will drop after dividends, so the price of the fund is not a very direct reference. Because of this, it is difficult for us to see that the price of capital can reach as much as that of 2 yuan, let alone 6 yuan. Generally, the fund price fluctuates between 1-2 yuan.

Although the price always fluctuates, if the fund manager operates well, the fund dividend is considerable, which is also the main mode of investment fund profit.

As for why the longer you invest, the more money you make. This is very simple. The longer you invest, the more times you pay dividends, and the more total dividends you may get. But there is a premise that the manager of this fund is more capable.