Money fund is a low-risk investment variety, suitable for the storage and management of short-term funds, and also a good choice for financial beginners. But for many people, how to buy a money fund and how to open an account is still quite confusing. Here are some basic knowledge.
1. What is a money fund?
Monetary fund is a fund that invests in short-term bonds, bills, deposits and other low-risk bonds. Its income is equivalent to that of bank wealth management products in the same period, but the money fund is more liquid and can be bought and sold at any time, without the cost of subscription and redemption.
Second, how to buy money funds
1. Select trading platform.
Buying a money fund needs to choose a reliable trading platform. At present, domestic banks, securities, funds and internet financial platforms all provide money fund trading services.
Open an account
Buying a money fund on a trading platform requires opening a securities account or a fund account. The process of opening an account on different platforms is slightly different, and it is generally necessary to provide identification, bank cards and other materials to complete registration.
Choose a monetary fund
When you choose the money fund you are interested in on the trading platform, you can know its basic situation, investment strategy, historical performance and other information through the fund's * * and fund rating * *, and make a choice based on your own risk tolerance, income expectation and other factors.
4. Buy money funds
After selecting the monetary fund, enter the purchase amount on the trading platform and confirm.
Third, how to open an account
1. Select account opening platform.
Choose an account opening platform that you trust, and you can open an account through banks, securities, funds and internet financial platforms.
Provide proof of identity
You need to provide proof of identity when you apply for opening an account. Generally, it is necessary to provide scanned copies and photos of the front and back of the ID card.
3. Provide bank card information
When opening an account, you need to provide your own bank card information for subsequent operations such as purchasing money funds and redeeming them.
4. Complete account opening
After completing the account opening process according to the requirements of the account opening platform, you can purchase and redeem the money fund.
Fourth, matters needing attention
1. Understand the cost
Different trading platforms may charge different fees for money fund transactions, so it is necessary to know the fees for subscription, redemption and management.
2. Choose a reliable platform
You need to choose a reliable platform to buy money funds, and don't trust information from unknown sources to avoid being deceived.
3. Pay attention to capital risk
Although the money fund is a low-risk investment variety, we should also pay attention to the risk information of the fund and understand its investment strategy and investment target.
4. Moderate investment
Investment is risky and requires moderate investment. Don't blindly follow the trend or invest too much money to avoid unnecessary losses.
Buying a money fund is a relatively simple investment method, but you need to carefully choose the trading platform, understand the cost, pay attention to the fund risk and other information, in order to invest with peace of mind and make a steady income.