Public Offering of Fund frequently goes out of the circle, and many equity funds have retreated to a certain extent. Old and new citizens are thinking about how to choose the right fund. What if the market fluctuates? Today, Bian Xiao will share with you the fund investment guide: Risk awareness is very important, for your reference only!

How to choose a fund product that suits you?

According to the product type, liquidity, closure period, leverage ratio, structural complexity, investment direction and scope, the risk grade of fund products is divided into five grades from low to high: low risk (R 1), medium and low risk (R2), medium risk (R3), medium and high risk (R4) and high risk (R5). Ordinary investors with the lowest risk tolerance shall not buy fund products or services higher than their risk tolerance. If the fund you buy fluctuates beyond your tolerance, it may affect your daily life, which is not a good thing.

Investors first need to determine what kind of investors they are. Everyone has different risk tolerance and should adopt different strategies. For example, low-risk investors are not suitable for allocating too many high-risk equity funds. If you can't stand fluctuations, you can allocate money funds.

What parameters should be compared in the process of selecting funds?

1. Long-term historical performance. For example, whether the performance in the past three years and five years is ahead of peers. Fund performance is "long-term, not short-term", and funds with stable long-term performance deserve more attention. It should be noted that both long-term returns and short-term returns are historical performances, which are only investment references and cannot represent future returns.

2. annualized volatility. The lower the index, the lower the ranking in the same category, and the more stable the past trend. Among similar funds, the lower the retracement, the lower the annualized volatility and the better the long-term holding experience when the overall income level is similar.

3. The comprehensive investment ability of fund managers. Fund performance is ultimately the result of fund manager's management and operation, so we should pay attention to whether the overall performance of funds managed by fund managers in the past is excellent, whether they have won authoritative awards in the industry, and whether their investment and research strength are excellent.

The market fluctuates frequently, how to deal with the decline of fund net value?

The decline of the fund is generally due to the fact that the investment style of the fund itself is inconsistent with the current market style. However, the market style is cyclical, but if investors sell funds to chase hot spots at this time, there will be a wave of bottom selling and peak buying operations, which are often prone to losses. When holding funds, it is unwise to choose time frequently. Back to the original point, fund products with excellent performance are often selected by fund managers with good fundamentals, thus obtaining excess returns. In the case that the fundamentals of the fund have not changed, if the profit of the fund you hold shrinks or floats, on the one hand, you should insist on long-term investment, on the other hand, you can actively save yourself. Specifically, it is to reasonably arrange the investable funds in hand and divide the funds into several parts. When there are many callbacks, the fund can be fixed, the cost can be shared equally, and the probability of success in the future can be improved.

Which investment method is better, short-term frequent timing or long-term holding?

First of all, the short-term timing winning rate is low, and the long-term holding winning rate is high. Short-term timing is not desirable, especially for ordinary investors, and the winning rate will not be very high. Sometimes I escaped the decline, but I missed the rise because I didn't buy it back in time. In addition, short-term repeated subscription and redemption will generate more subscription and redemption costs. The long-term winning rate is higher. From the actual performance data of 65438+ 10 in 2003 to 65438+2 in 2009, it is found that the longer it is held in domestic and foreign markets at the same time, the greater the probability of positive returns, and the smaller the difference in returns at different time points.

For example, in the above-mentioned time period, the return range of domestic 50/50 bond investment in 1 year is from negative 39.28% to positive 102.46%, and after three years, it drops to negative 7.62% to positive 35.4 1%, and all the returns in 10 year are positive. Therefore, holding the fund for a long time has a greater probability of obtaining positive returns.

Secondly, excellent active fund products have excess returns in the long run. As of March 20021,14, the cumulative increase of the partial-share hybrid fund index in recent five years was 120.33%, while the increase of the Shanghai Composite Index was only 22.87% (data from Wind statistical interval: 2016 March 14 to 2000). Partial stock mixed fund index code 88500 1. WI； The number of components is 1604). From the data point of view, the money-making effect of stock funds is quite powerful, but the money-making effect of basic people is not strong. The reason is that there are too many speculative operations and excessive short-selling speculation.

What are the typical investment misunderstandings in fund investment?

1. No risk awareness. I bought a product with a higher risk than I could accept, regardless of the risk of the investment product and its own matching. The risks and benefits of investment products are matched. Don't always stare at the high benefits of products and ignore risks.

2. chase up and kill down. Unable to get rid of the influence of greed and fear, bear market selling funds and bull market buying funds always chase up and down, thanks to many mistakes. The correct way is to buy at a low level, hold for a long time and redeem at a high level.

3. Stare at the disk all day. Staring at the market every day will make us pay attention to short-term fluctuations, affect our normal life and consume our willpower to invest. Especially when the market fluctuates greatly, you can find other things to divert your attention.

4. Day trading. If the fund does not perform well in the short term, it will buy and sell funds. Trading operations are too frequent, which not only has a small profit probability, but also loses a lot of transaction costs.

After buying a fund, when is it appropriate to redeem it?

The long-term investment of the fund is not laissez-faire, but a mature profit-taking strategy. The following two strategies are for reference:

1, set the expected income target in advance, and redeem it when it reaches the target.

2. According to the market valuation, when the market valuation is too high and bubbles appear, bags can be put in batches.

Is a fund with more dividends a good fund?

According to the current fund dividend regulations, the net value of fund shares on the base date of fund income distribution cannot be lower than the face value of each fund share after deducting the income distribution amount. Therefore, all dividend-paying funds must be profitable. From this point of view, the more dividends, at least the more times the fund obtains positive returns.

In addition, funds with more dividends have another advantage. When the market fluctuates greatly, they can lock in part of the income in advance through dividends instead of exposing all their assets to the future risks of the market. However, a fund with more dividends is not necessarily better than a fund with less or no dividends.

First of all, whether to pay dividends or not, the maximum number of dividends in a year is mainly agreed in the fund contract in advance, which does not mean that the performance of funds with little or no dividends must be worse than that of funds with more dividends; In addition, fund dividends actually did not increase investors' income, but only reduced their net worth and returned some assets in cash, which is suitable for investors who need regular cash flow.

Public Offering of Fund, which is famous for its low investment threshold, high transparency and regulatory norms, is a typical representative of inclusive finance. While the scale of Public Offering of Fund is growing, we should always pay attention to "financial management is risky and investment needs to be cautious". No matter what kind of investment products we aim at, we must improve our risk awareness and financial literacy, choose products that match our risk tolerance, and insist on long-term investment and value investment. This is the correct investment attitude.

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