"Investor Protection-Clear Rules, Risk Knowledge" XXIV.

-- Novice on the road: over-the-counter fund account opening and investment preparation.

1. what is a fund account?

Fund accounts are divided into fund trading accounts and fund TA accounts. Generally speaking, the fund account (fund account number) refers to the fund TA account. A fund trading account is an account set up by a bank for investors to trade funds in the Bank, while a fund TA account is an account established by a registered institution for investors to manage and record changes in the type and quantity of investors' funds.

How to open a fund account?

If an investor opens a fund account in a fund company, he must first bring his ID card to the bank designated by the fund company to apply for a bank card, and at the same time open an online banking service, and then open a fund account on the fund company's website, so that the fund can be applied for. Redemption and other operations.

If the investor through the agency (e. g. bank, securities company), only need to open (bank, securities company) fund trading account. When an investor purchases a fund, the bank or securities company automatically applies to the fund company for the client's account with the fund company.

What channels can 2. investors purchase over-the-counter funds through, and what are the characteristics of each channel?

One is to buy funds through banks and brokerage channels. Its advantage lies in the fact that there are many channels for banks and securities firms, rich products, and convenient access to services such as investor consultation and fund trading.

The second is to purchase funds through the direct sales platform of fund companies (such as fund company APP, WeChat and official website). Its advantages are: large preferential fund transactions and low rates (such as subscription/subscription fees, conversion fees, etc.); Fund redemption is fast, and most of the fund companies' own funds can be converted, with good trading experience. It can not only trade funds, but also obtain rich information, increase fund knowledge, and consult professionals in time on the confusion in fund investment.

Third, the purchase of funds through third-party platforms. Its advantages are: one-stop purchase of most funds in the whole market (except for on-market trading funds); The rate is low, and the application rate is generally 10% discount. Fund conversion is relatively convenient, and some platforms can realize cross-company fund conversion (no rate discount). It also has shortcomings: for middle-aged and elderly customers who prefer offline services, consultation is relatively inconvenient.

In general, for older investors who are inconvenient to access the Internet, it is recommended to purchase funds through traditional banks and brokerage channels; for those who want more favorable rates, shorter redemption time, and better service experience For investors, it is recommended to purchase through the direct sales platform of fund companies; for investors who want to buy funds in one stop, they can choose a third-party platform. Investors can choose the right channel to invest according to their needs.

What to do before 3. an investment fund?

If a worker wants to do a good job, he must first sharper his tools. Before investing in a fund, investors need to be prepared for the following:

One is to understand their own investment needs. Investors should know how much money they have available to invest, how long they can invest, what risks they can take, and what rate of return they hope to achieve. The money that investors use to buy funds should be their own spare money, so that the burden is small and they will not bear the double pressure of paying interest and possibly losing principal because of borrowing money. Even if the fund's performance is not satisfactory for the time being, it will not be too anxious, let alone lose money in a hurry to repay the loan.

The second is to choose the right time to invest. Generally speaking, when the market is relatively depressed, the net value of the fund is relatively low, the future rate of return may be relatively high, and the market risk is small, so it is suitable for investment.

Three is to maintain a good state of mind. Investors buy and sell funds, not only to be able to face the suffering of the decline in the net value of the fund, but also to enjoy the rise in the net value of the fund. There is no need to be discouraged when losing money, and you should not be overly excited when making money. The key is to learn to control your emotions, adjust your mentality, and achieve sustainable development. In fact, sometimes stay away from the market, but will see more rules.

Four is to choose the right fund varieties. Investors should use different combinations of fund varieties at different times. When the market is down, the investment proportion of equity funds can be increased; when the market is consolidating, you may wish to invest more in hybrid funds; when the market is high and the risk is high, you can sell stock funds and invest in currency funds or short-and medium-term bond funds to avoid risks. Of course, the simplest operation is to make a rotating investment of index funds and currency funds, buy index funds when the market is relatively low, and convert index funds into currency funds to hedge when the market is relatively high.

What factors do 4. investors need to consider when allocating to different types of fund products?

First, investors need to understand the duration of their idle funds. If the funds are long-term funds, you can choose equity funds with high medium-and long-term value-added potential. Short-term funds can be considered money market funds or short-and medium-term bond funds, in order to meet the liquidity needs of short-term funds and take into account the income. In particular, money market funds, because there is no application (recognition) purchase fee, redemption fee, which further reduces the cost of investment.

Second, judge your own risk tolerance. Everyone has different tendencies when investing because of their age, income, and family status. Relatively speaking, young people have a stronger risk tolerance than the elderly, so they will consider high-yield, high-risk funds more when investing. In addition, investors can also make a suitable combination according to their own actual situation, instead of sticking to an investment tool, which can effectively spread the investment risk.