Funds mainly refer to securities investment funds. Securities investment fund is a collective securities investment model with * * * risk * * *, that is, investors' funds are pooled by issuing fund shares, managed by fund custodians, managed and used by fund managers, and invested in financial instruments such as stocks and bonds. Stock is a certificate issued by a joint-stock company to prove the shares held by shareholders, and it is the form of company shares. Investors become the owners of the issuing company by buying shares, get operating income according to their shareholding shares and participate in major decision-making voting. Poor: 1. Investors have different status. Shareholders are shareholders of the company and have the right to express their opinions on major decisions of the company; The fund unit holder is the beneficiary of the fund, which reflects the trust relationship. 2. The degree of risk is different. Generally speaking, the risk of stocks is greater than that of funds. For small and medium-sized investors, due to the limitation of the total amount of disposable assets, they can only directly invest in a few stocks, which violates the investment taboo of "putting all the eggs in one basket". When the stock they invest in falls due to the stock market or the financial situation of the enterprise deteriorates, their capital may be wiped out; The basic principle of the fund is portfolio investment, risk diversification, and investment in securities with different maturities and types in different proportions to minimize risks. 3. The income situation is different. The returns of funds and stocks are uncertain. Generally speaking, the income of funds is higher than that of bonds. 4. Different investment methods. Securities investment fund is an indirect way of securities investment. Fund investors no longer directly participate in securities trading and bear investment risks, but experts are responsible for the determination of investment direction and the choice of investment objects. 5. Different price positioning. In the case of consistent macro-political and economic environment, the price of the fund is mainly determined by the net asset value; The stock price is greatly influenced by the relationship between supply and demand. 6. The ways of investment recovery are different. Stock investment is uncertain. Unless the company goes bankrupt and liquidates, investors shall not recover their investment from the company. If they want to take it back, they can only realize it at the market price in the stock exchange market. Investment funds vary according to the form of funds held: closed-end funds have a certain term, after which investors can share the corresponding remaining assets according to their shares. It can also be realized in the closed-end trading market; Open-end funds generally have no term, but investors can ask the fund manager for redemption at any time.