Private placement is divided into three categories: securities investment, equity investment and other

securities investments: the manager will regularly announce the net value, and the net value at the time of purchase is 1. If the net value of the purchased fund is 1.2, it means that it has earned 2%, and if it is .8, it means that it has lost 2%

Equity investment: it is generally divided into lock-in period and exit period. If the money increases at the time of exit,

others: the fixed income category often mentioned in the market, as long as the interest is paid on schedule and the principal can be paid back at maturity, it is considered as making money, and vice versa.