What should the fund study from 15

(1) Complexity of investment activities. (2) High leverage of investment effect. (3) Private placement of financing methods. (4) Concealment and flexibility of operation.

1. **Investment** is a collective investment system.

Investment is an overall portfolio investment method that accumulates a small amount, which gathers huge amounts of money from the majority of investors and sets up an investment management company for professional management and operation. Under this system, the operation of funds is subject to multiple oversights.

2. **Investment** is a kind of trust investment.

It is the same as the general financial trust relationship, there are three related parties: the settlor, the trustee and the beneficiary, of which there is a trust deed between the trustee and the settlor. However, as a form of financial trust business, it has its own characteristics.

3. Investment is a kind of financial intermediary.

It exists between investors and investment objects, and plays the role of converting investors' funds into financial assets and reinvesting them in the financial market through specialized institutions, so as to increase the value of monetary assets.

4. Investment is an investment tool.

Investors complete the investment behavior by purchasing ** bonds, and share the investment income of ** investment ** with them, and bear the investment risk of ** investment**.

Extended Information: Feature 1 Pooled Investment. ** It is such an investment method: it cleverly gathers scattered funds and hands them over to professional institutions to invest in various financial instruments in order to seek the appreciation of assets.

2 Diversify risk. Reducing risks and increasing returns with a scientific portfolio is another major feature of the company. In investment activities, risk and return always coexist, therefore, "you can't put all your eggs in one basket", this is the motto of **investment.

3 Professional financial management. The implementation of the expert management system, these professional management personnel have been specially trained, with rich experience in investment and other project investment.

Like investment instruments such as bonds, fixed deposits, and foreign exchange, investment also provides investors with an investment channel. So, compared with other investment tools, what are the characteristics of **investment**? (1) Collective financial management and professional management.

Pooling the funds of many investors and entrusting the manager to make joint investments shows the characteristics of collective financial management. By bringing together the funds of many investors, the accumulation of small amounts is conducive to giving full play to the scale advantage of funds and reducing investment costs. Investment management and operations are carried out by the Manager.

Managers generally have a large number of professional investment researchers and a strong information network, which can better track and analyze the market dynamically. The funds will be handed over to the best managers for management, so that small and medium-sized investors can also enjoy professional investment management services. (2) Portfolio investment to diversify risks.

In order to reduce investment risks, China's "Investment Law" stipulates that the investment operation must be carried out in the form of portfolio investment, so that "portfolio investment and risk diversification" have become a major feature of the company. The scientific nature of "portfolio investment and risk diversification" has been proved by modern investment science, and small and medium-sized investors are generally unable to diversify investment risks by purchasing different ** due to the small amount of funds. **Usually buy dozens or even hundreds**, investors buy ** is equivalent to buying a basket with very little money**, and the losses caused by some **** can be compensated by the profits of other ****.

Therefore, you can fully enjoy the benefits of portfolio investment and risk diversification. (3) Benefit sharing and risk sharing. The investor is the owner.

**Investors share risks and benefits. The surplus of investment income after deducting the expenses borne by ** is all owned by ** investors and is distributed according to the proportion of ** shares held by each investor. The custodian and manager who provide services can only charge a certain amount of custody fees and management fees according to the regulations, and do not participate in the distribution of income.

4) Strict supervision and transparent information. In order to effectively protect the interests of investors and enhance investors' confidence in investment, the China Securities Regulatory Commission has implemented stricter supervision over the industry, severely cracked down on various behaviors that are harmful to the interests of investors, and forced them to carry out more adequate information disclosure. In this case, strict supervision and information transparency have become a significant feature of the world.

5) Independent custody to ensure security. The manager is responsible for the investment operation and does not handle the custody of the property. The custody of the property is the responsibility of a custodian who is independent of the administrator.

This checks and balances mechanism of mutual restraint and supervision provides important protection for the interests of investors.

Compared with **, the risk is low, but this does not mean that investors will not lose money when investing**, once they buy a poor**, investors will also have huge losses, so, how should investors choose**? Next, I will share with you the method of choosing **.

Investors pick ** mainly from.

Manager's operating ability, investment target, market, drawdown rate and standard deviation, establishment time and rating.

to consider. 1. The manager's business ability.

The strength of the manager's operating ability affects the quality of the performance and the trend of the net value. Investors try to select ** managers with strong operating ability and ** with higher expected returns.

2. **The situation of the investment target.

The trend of the investment target will also affect the trend of the net value, the future expected return of the investor, and the investor should choose those who are in the trend of the target and have greater development potential and prospects.

3. Market**.

Investors in the bear market stage, try to choose bonds, currencies to avoid risks, in the bull market stage, investors try to choose the best type, to obtain greater expected returns.

4. Drawdown rate and standard deviation of **.

The standard deviation measures the fluctuation of the total rate of return over a certain period, and the larger the standard deviation, the greater the degree of potential volatility of the future net worth, the less stable it is, and the higher the risk.

The maximum drawdown rate refers to the maximum loss rate that may occur at any point in time, the higher the maximum drawdown rate, the greater the loss, so investors try to choose the smaller the standard deviation and the lower the maximum drawdown rate.

5. The establishment time and rating of **.

**The shorter the establishment time, the lower the rating grade, the higher its risk, and investors should choose the longer the transaction time**, the establishment time is at least 1 year, and the higher the rating grade**.

In addition, investors also need to consider the investor's investment preference and the scale of the investment when selecting.

Investment is risky, and you need to be cautious when entering the market.

For some office workers, they don't have much time to spend offline, so they can use the excess funds in their hands to buy some**. In this way, they can enjoy a higher income and at the same time can do their own work without delaying their own time. So when we choose funds, we also pay attention to a certain method, so today we mainly say how to choose, or when we are investing, what are its characteristics?

The study of historical performance is first of all when we are buying, we must study its historical performance. That is to say, we are not able to ** the future, so at this time, if we are not able to study its historical performance, it can be used as a reference, so that we can judge whether we want to startAnd for some active **, the better its historical performance, then it means that it is more likely to rise, and it will bring us greater benefits.

The second thing to choose is that we need to choose some better companies, because those better companies will have a higher ranking or rating. Therefore, there will be more people to choose him, that is to say, after you choose this ** company, our funds will be guaranteed. At the same time, he will not let you lose too much, so when we don't have time to observe these things, we will try to choose these more safe and secure companies that can protect our principal.

The characteristics of investment So today we want to say that it is the characteristics of investment, so the investor is the owner of the investment, so you need to take some risks and get a certain return. But when we invest in **, he needs to deduct some of your expenses, that is to say, it needs to be owned by the investor, but the proportion needs to be distributed accordingly. Moreover, these ** need to be provided to some ** trustees and managers for a certain amount of collection fees, and cannot be completely owned by investors.

First of all, it is necessary to choose a more stable, and the value of the income is relatively high, you must choose a **vote** and **amplitude is not particularly obvious, and in the process of investment, you must be rational, not too blind.

This matter needs to be purchased according to the determination of today's issuing company, and it can be selected according to the profitability of the company, and the investment is generally more stable, the risk is relatively low, the income is relatively stable, and there is also a lot of income.

**You should choose what your economic foundation can support**. You should also choose some more robust ones. Don't choose the big ups and downs**. **The characteristics of investment are unstable, risky, and irregular.

You can choose according to the laws of the market, and at the same time, you can also understand the project and grasp the profit earned. There is a very high risk, and at the same time, the fundraising method is different, and the organizational form is different, and there will be various profits, and the specific investment operation mode is different.

1. Compared with investors' direct investment in the market, it has the characteristics of investment portfolio and risk diversification. In addition, investors who have invested in the first can also enjoy the advantages of large investment in terms of cost, which reduces the cost of investment.

2. Compared with other varieties, the style of the **** is diverse, and the potential benefits and risks cover the widest, generally speaking, the potential returns and risks of the **** are high and low, and it is easy to meet the requirements of different investors for returns and risks. Of course, it does not mean that **** covers all the potential benefits and risks of the combination, compared with hedging**, its potential benefits and risks are smaller; Compared with bonds** or capital protection**, its potential returns and risks are higher. In general, the potential risks and benefits of **** are at the middle to upper level.

3. In the long run, the income performance of investment **** is better. From the domestic and foreign market statistics, the overall market has a long-term historical trend of continuous upward growth, which is an important theoretical basis for long-term investment to make profits. China's economic development has been rapid over the past 20 years since reform and opening up, and this rapid and stable growth trend will continue to be maintained in the foreseeable future.

4. It also has the convenience of obtaining investment in the international market. Generally speaking, the ** of each country is basically traded in the domestic market, and the ** investors can only invest in the ** listed in their own countries, and some investments can be invested in the international capital market**, bonds, etc., and investors can indirectly invest in the **, bonds and other financial products of other countries or regions by buying.

Investment style.

1. Although they are mainly invested in the market, because of the difference in investment scope and investment style, specifically the different characteristics of the trade, there are differences in style, and the ratio of returns and risks is not the same, and not all of them are very risky.

2. According to the style of investment, it can be roughly divided into growth, income, and balance. The above-mentioned types are generally distinguished according to the different investment objectives, and the growth type generally takes the pursuit of capital appreciation as the basic goal, and takes the ** with good growth potential as the investment object; The basic goal of income type is the pursuit of stable recurring income, and the investment object is to stabilize income such as blue chip stocks, corporate bonds, and bonds; Balanced** falls somewhere in between. This distinction is to adapt to the investment needs of different investors, generally speaking, the growth type has a high risk and high returns, followed by the balanced type, and the income type has less risk and relatively small returns.

Generally, it is easier to judge the ** with a longer history, and the basic perspectives include:

1) First look at the situation of the previous managers, if the managers are changed frequently, then the reference value of the past performance is not large, and it is best to choose the manager who has been managed for a long time;

2) Look at relative performance. Because the investment strategy is divided into many types, it only makes sense to compare them with the same type. So you have to figure out which type ** belongs to first.

The judgment of the ** type mainly depends on the investment portfolio, including the ratio between ** and bonds, as well as the proportion allocation of each ** ticket industry. Usually, an investment objective will be written in the prospectus, and the company will also classify it, but it will often deviate from this goal in the actual operation of the company, so it is not enough to completely listen to the company. There are some third-party organizations that also classify and rate **, but each has different methods, so you should understand these methods before you use them.

What I am more familiar with is the classification of Morningstar, which is determined by completely referring to the actual investment portfolio in the past, and as a more independent third-party institution, it is also more objective. After determining the classification, find all the ** that belong to this category, and compare their performance, so that you can know how your performance is. Using agency ratings is also an indirect method, which means that these agencies do a good job of comparing for you.

3) Pay attention to the stability of performance. It's not good for a while, it's good to be able to maintain stable performance. In other words, a good ** is not the kind that can come out on top in which year and month, but the performance that can maintain a middle and upper level over the years.

Because it is a long-term investment, the stability of performance is overwhelming.

4) Do your own ** combination. It's hard to say that you can invest successfully if you buy a certain **. For individual investors, they should generally develop a ** portfolio according to their own risk appetite and financial situation, that is, buy multiple different types **.