1, the liquidity of the new fund is not strong: the new fund has a raising period, which is generally 1 week-1 month. During this time, we are waiting for everyone to subscribe for the fund. After we buy the fund, we can only wait. During the period, there is only current interest income, similar to cargo-based income.

2. Xinji likes to chase hot spots: most Xinji will chase hot spots. Where the stock market is hot, there will be concept funds such as science and technology innovation board, new energy, artificial intelligence and 5G. After several months of breeding and opening up, the market situation of Xinji has changed.

3. No reference to past performance: investors can judge the professional level of fund management through past performance, but the new fund not only has no past performance, but also has no investment conditions such as holding positions, heavy positions, maximum retracement and profit probability, so investors cannot evaluate this fund.

4. Cost: In a bull market, the cost of holding a new fund will increase accordingly. Why, because stocks are expensive, fund managers must also open positions to buy stocks, and the cost of holding positions is bound to be high. Old funds are often laid out in advance and the cost of holding positions will be much lower.

5. Income: If Xinji chooses to issue in a bear market, investors will rarely buy it. When the new fund is in a bull market, if it is issued earlier, investors will get a lot of income as soon as the opening period is over. If it is issued later, investors may just stand guard at a high position after buying it.