Now more and more people realize the importance of financial management, so they buy some financial products as asset allocation. Among all financial products, funds are the most popular, but many small white novices don't know much about funds and don't know how to choose them. So let me tell you several ways to choose a fund.

How does novice Xiao Bai choose a fund?

1. Look at the past performance of fund managers. Past performance reflects the investment return of the fund manager, so choose a fund with good past performance.

2. Look at the experience of fund managers. The longer the experience, the better. Generally speaking, you should choose a fund manager who has experienced a bear market, because the fund manager who has experienced a bear market has stronger risk control ability.

3. Look at the industry prospects of the fund and choose a fund with high prosperity, high-quality track and promising development prospects.

4. Looking at volatility and maximum retracement, you can choose a fund with large volatility to make a fixed investment and buy a fund with small maximum retracement at one time.

Investors should first assess their risk tolerance before choosing a fund. If the risk tolerance is low, it is recommended to buy low-risk funds, such as money funds and bond funds. These two types of funds have little risk and almost no principal loss. Of course, most novice Xiaobai's risk tolerance is not high. He can invest in money funds and bond funds first, and then try high-risk funds after he has certain financial knowledge and investment ability.