Question 5 about the earning model of fund companies

Whether the company can only sell this one at a loss to pay the redemption money: If there is a large number of buyers redeeming, it can only sell.

Companies can lose money when they don't invest well: Yes.

How can companies manage this risk: In general, they can only market themselves more vigorously.

How the company can survive in the face of a bear market: At the moment, there is no reasonable way but to watch the loss of money.

How to make money in the closed-ended**: Of course, it is profitable to buy and sell in the secondary market, and if it is in a bear market, the closed-end ** loses the same.

Is the buying and selling fee earned by the company or the company: Since the closed-end is the same as the purchase and sale of the company, the handling fee is of course charged by the company.

What is the mechanism of the management fee: of course, the management fee is charged by the company. The management fee is the management remuneration paid to the manager, and the amount is generally withdrawn from the asset according to a certain percentage of the net asset value.

The level of the management fee rate is related to the size of the **, in general. The larger the scale, the lower the management fee rate. The initial ** management annual rate in our country is:

With the intensification of market competition, at present, most of China's ** according to the proportion of ** management fees, the management fee rate of bond ** is generally less than 1%, and the management fee rate of currency ** is.

1.You can sell it at a loss to deal with a large number of redemptions, or you can close the redemption or quota limit to prevent abnormal changes in your shares. **No, loss is a high probability event.

Enhance investment and research capabilities and seize the best in the bear market. It is difficult to keep profits in a bear market, and if the market is not good, who can be alone. The company makes money from the transaction fees generated by the subscription and redemption, and makes money by buying good stocks.

Closed** is not a concern for beginners.

Many public offering companies have begun to use their own money to buy on their own, and some managers, including Gülen, have also taken out money to buy on their own. In addition to public and private offerings, brokerage asset management companies have also begun to purchase funds on their own. In the past, these actions were interpreted as signals of market bottoms.

On the one hand, this shows that ** companies and asset managers have confidence in their products. On the other hand, it also shows that they have confidence in the market and believe that if they fall so much, they shouldn't fall again. The future will rise.

But it seems to me that this is the case. Take a look at some historical data from the past and you'll understand. Investors buying are equivalent to handing over money to a manager to help you buy and bonds.

When the manager gets this part of the money investment profit, he can make money. The benefits and risks of this part of the funds earned are shared, so after the manager makes money from investing, the investor can also make money. Conversely, if there is a loss on the manager's investment, the loss is shared by all shareholders, so the risk is relatively small.

So, essentially, buying is investing in a manager. **The manager has strong stock selection ability, stock selection ability and risk control ability, which indicates that he has a high return on investment. **After buying this class**, there is a good chance of making a profit in the future.

For the people, when the net value is low, they can get more shares and the holding cost is lower. Suppose 1000 yuan ** is purchased at a net value of 2 yuan, when the net value of ** rises to when the net value rises to RMB, the total asset is 2500 yuan, and the investor makes a profit of 500 yuan. It means that after the company issues a certain share, the investor subscribes, and the subscription funds are handed over to the trust manager to buy, bonds, money market financial instruments, etc., the stock price fluctuates, and the bonds and money market instruments have a fixed coupon rate, and these revenues are the money earned.

Not only one investor buys, but many investors throughout the market buy together, which reflects the characteristics of the "set asset management plan". In addition, there is also "benefit sharing and risk sharing", which is characterized by the shareholders who buy **, and when the **manager invests** to make money, we share the income; If you lose money on your investment**, we will share the loss. In addition, the company does not help investors invest for free, so it will charge a certain management fee, subscription fee, and redemption fee, which is the main income of the company.

The main thing is to buy ** to hand over the funds to the **manager, help to buy**, buy bonds. The company will charge a certain investment management fee, subscription fee, redemption fee, which is the company's main economic income.

The company's income is generally the handling fee, subscription fee, redemption fee, and because of the high cost of this part of the company, it is suitable to choose long-term investment in its investment to obtain the corresponding profit difference.

In the current era, the company makes money effectively by effectively helping the relative people, but at the same time, the market will also be affected by many factors.

In recent days, a "** company really has to make money?" A lot of people are asking, let me tell you my opinion. So, is it really possible for a company to make money?

So what's going on? Let me share my thoughts with you.

One. If the bull market is in a very good money-making effect such as the bull market, 99% of the company can make money, and if it loses money at this time, it will definitely be eliminated. Because in the bull market, you can make money, and if you don't make money, it's too low.

It is indeed possible to make money, because the company will make a certain investment according to the value of each one.

Of course. Because the company eats interest, there is a lot of power, and it will definitely make money.

Of course not, it still depends on your own operation, if you don't operate properly, you will also make mistakes.

Companies can be divided into private equity companies and public companies, and there are certain differences in the way they make profits.

Public offering companies generally charge investors a certain amount of subscription and redemption fees and operating expenses in accordance with the contract, and the fees charged by different companies and products may be different. Private equity companies will participate in performance sharing on the basis of charging a certain management fee.

That is to say, whether the public offering makes money or loses money, it will charge a fixed handling fee, while the private offering is mainly divided from the money earned, and the more you earn, the more the company will share.

At the same time, there are certain differences in the fees charged by different types of **. Type A**, which deducts the subscription fee at the time of subscription and pays it in a lump sum, while Type C**, has no subscription fee, but charges a sales service fee on the holding date.

For example, Xiao Li buys a certain class C **10,000 yuan, holds it for one year, signs a contract with the ** company at the time of purchase, does not charge subscription fees when purchasing, and charges a certain operating fee, that is, the management fee is charged every year, and the sales service fee is charged every year, and the number of days held is greater than 30 days without selling fees, then Xiao Li needs to pay a fee of 10,000 (yuan) for holding it for one year.

Premium. Public offering companies generally charge investors a certain redemption fee and operating fee according to the contract, and the fees charged by different companies and products may be different. Private equity companies participate in performance sharing on the basis of charging a certain management fee.

That is to say, the public offering will charge a fixed handling fee regardless of whether it makes money or loses money, while the private offering mainly shares from the money earned, and the more you earn, the more the company will share. Counts.

You can make money and you can lose money. In life, we earn income from labor by going to work and working hard. In addition, we can also obtain real estate income through investment and financial management.

By investing in assets, such as **, bonds, **, etc., on the one hand, we can retain and increase the income accumulated by our labor, and on the other hand, we can obtain investment income. Public offering is a good tool for people to manage their finances, and more and more investors choose public offering. This ** is suitable for long-term holding.

We have set up the **E category, using a series of historical data and charts to share the ** investment knowledge and investment philosophy with the majority of investors.

**Asset risk is relatively high. Mainly invest in **type**, although you can reduce the volatility of some portfolios through investment diversification, but the net value of ** will still rise and fall. If you look at the market over the past 10 years – at the beginning of 2011, there were 306 active and partially hybrid markets in the market.

Of the 306 samples**, 305 had a positive return and only 1 had a loss. With a time span of 5 years, more than 80%** achieved positive returns. Past data shows that as long as the long-term trend is upward, you will ****** and hold it long enough that the vast majority of **** will either make money or have very low odds.

In the 10 years from 2011 to 2020, the CSI Index Active **** Index (i.e., the weighted average performance of actively managed****) returned 10% annualized and 165% cumulatively. If you can hold it for 10 years and make twice your principal, it doesn't mean that every year is profitable. As a result, there is a risk of short-term loss of the investment.

If some **** earnings are more than 10 times the income, then they will not make money every year. Holding a stable market for a long time can be an option for investors.

We've all played the game of coin toss, and theoretically you have a 50% chance of getting heads and tails. If you hold for too short, you will lose money or make money, which is like flipping a coin. It is fraught with uncertainty.

Current data shows that if you ** and hold it for 1 month and 3 months, the theoretical chance of not losing money is only about 50%. When we extend the holding period to 6 months, 9 months, 1 year, 2 years, etc., the calculation results show that the probability of making money for the selected sample increases with the increase of holding time. When the holding period is increased to 3 years, the probability of no loss increases significantly to 80%; The probability of not losing money after holding for 5 years is greater than 90%, and the probability of losing money after holding for 6 years is, indicating that the probability of loss is very small.

In the long run, it is easiest to avoid actual losses.

You can make money by buying**. **The ways to make money are as follows:

At present, the investment direction of China's public investment is financial assets, which is the way to make money. The main investment directions are cash, bank deposits, bonds and **.

1.For example, the way money** makes money is through interest income on bank agreement deposits and the maturity date of short-term bonds.

2.There are three possible ways to make money on bonds, namely interest income on the bonds purchased, trading income from volatile bond market fluctuations, and investment losses.

3.The main way to make money for **** is to invest ** and get a return through the share price ** or dividends of the listed company. Due to the different investment directions, the ** also has different return and risk characteristics.

1.For example, currencies** mainly use investment agreement deposits and short-term bonds. There is little to no risk, but the rewards are not too high;

2.Although **** makes money through **, because ** is a high-risk and high-yield investment product, **** also has this function. They don't guarantee to make money, and there's a high chance of losing money.

You can make money, but you will also lose money, because there are ups and downs, so you should think about the consequences before buying.

You can't make money, although you can't make money, although you can't make money every day, but the trend will be, so if your affordability is not good, it's best not to buy it, and losing money is very serious.

You can make money, but sometimes there will be losses, because this industry is inherently winnings and losses.