Advantages of the new fund: the position is low, and then the risk in the establishment stage is low, which can reduce losses in the stock market shock or decline stage and achieve the purpose of protecting assets in disguise. When the stock market plummeted, it was more resilient than the old fund. Old fund positions are high, rising fast and falling fast.

Disadvantages of the new fund: in the rising stage of the stock market, these benefits become disadvantages, thus limiting the income of the fund. The position of the new fund is low, and the income is low when the stock market rises sharply, but it can't rise above the fund. Moreover, the new fund can't make a fixed investment, the new fund has a long opening period, and the new fund has no past performance for reference.

Therefore, buying funds should consider the trend of the market. If you are optimistic about the market outlook, you should buy more old funds. If we are bearish or unclear about the market outlook, we should buy a new fund.