How to subscribe to a bond fund and how to buy a bond fund

Penghua Fortress is a graded debt base.

In general, there is an annual return of about 7%, which is divided into two shares of A and B at a ratio of 7:3, of which A share obtains an annual return of annual interest rate*, and the rest belongs to B share.

It is important to note that the overall 7% annual return is not fixed, but is calculated based on the bond yield of recent years, and in some specific years, it may be higher or lower than this return.

Since B shares are listed and traded, it is best to choose to buy them from a brokerage. If purchased off-exchange, it must be re-escrowed to on-exchange in order to trade.

Due to the inconsistency between the trading** and the net value of the listed ** (mainly LOF, ETF), if there is room for the price difference after deducting the necessary handling fees, cross-market arbitrage can be implemented. In addition, part of the closed-end ** initial offering, LOF fundraising and daily subscription may be implemented in the over-the-counter agency, if the part of the ** share wants to be transferred to the secondary market for trading, this involves the cross-system transfer of custody. Transferring ** from over-the-counter to on-site, or on-site to off-site, is a necessary step for arbitrage (some brokerages can directly implement it in the market, but due to the high handling fee in the market, there is generally no arbitrage space).

Not all brokers are qualified to do this business, and not all brokers with this qualification are willing to accept this business. Our company warmly welcomes all investors to transfer ** from the over-the-counter to our company's on-site trading, and investors in need can contact me to start this business. In order to support investor arbitrage, our company's over-the-counter subscription fee will be greatly discounted.

In order to encourage foreign investors to come to our company to open an account, we will subsidize the transportation expenses of customers according to the transportation mileage and asset status.

Go to the bank to open an account, know the name of ** and **.

Find a bank or **company to open an account, and you can buy**.

Come to me to open an account and you can buy it, Anxin**.

You can buy **to the bank or **company. Banks can **many** company business, and the specific account opening can be handled by the bank wealth management counter. Now some ** companies also have **** trading. After the bank opens online banking, there is a discount on the general fees for online purchases.

First of all, do a self-understanding, whether you want high risk and high return or stable capital preservation and income. The former buys **type**, and the latter buys bond type or currency type**. After determining the type, you can choose according to the performance, manager, scale, investment direction preference, charging standard, etc.

**Performance online are ranked, hello.

In China, the vast majority of bonds** participate in the subscription of new shares in the primary market while investing in bond assets, and some bonds** can also be invested in the secondary market**, so the income of bonds** is from bonds, ** and other types of assets.

The income from bond assets** is divided into three categories: "bond interest income", "bond investment income" and "bond fair value change income", where "bond investment income" refers to the realized bond bid-ask spread, and "bond fair value income" is the unrealized bond bid-ask spread, which is what we often call floating profit and floating loss.

Investors should comprehensively and comprehensively judge the "debt" of bonds based on various factors such as the asset allocation ratio of bonds in each reporting period, the proportion of bond asset allocation, the subscription of new shares under the network, and the fluctuation range of net value, and further combine the bond investment management ability of the manager, the comprehensive strength of the company, market trends and other factors to select bonds.

The "debt" of the bond** is reflected in the level of the bond income contribution, and the higher the bond income contribution of the bond**, the higher the "debt". Namely:

Bond Income Contribution = (Bond Interest Income + Bond Investment Income + Bond Fair Value Change Income) **Income for the current period.

Buying bonds is like buying a currency.

Go to the bank counter, go to the company.

There are many ways to buy bonds, and there are three main ways to do it:

The first channel: buy directly from the ** company.

The second channel: make a purchase on the online trading system of the company.

The third channel: purchase in ** agency, such as bank, etc.

Bonds, also known as bonds, refer to those that invest in bonds, which seek more stable returns by pooling the funds of many investors to invest in bonds in a portfolio. In China, the investment objects of bonds** are mainly treasury bonds, financial bonds and corporate bonds.

Bonds are issued to investors when financial institutions, industrial and commercial enterprises and other institutions directly borrow from the society to raise funds, and promise to pay interest at a certain interest rate and repay the principal according to the agreed conditions.

There are also more than 2,000 kinds of bonds**, so how to choose bonds**? What about the benefits?

Bonds can be held by purchasing treasury bonds over the counter, convertible bonds and short-term bonds in the market, or indirectly by purchasing bonds. The following will start with suggestions on how to buy and how to buy for individuals, and streamline the bond purchase process.

At present, the main channels for the purchase of savings treasury bonds are the members of the underwriting syndicate, and the members of the underwriting syndicate here are mainly banks, and there are two types of business channels: bank branch counters and online banking. At present, the large state-owned banks have a large proportion of sales quotas, mainly in the Industrial and Commercial Bank of China, the Construction Bank, the postal service, the Agricultural Bank of China, etc., among which the Industrial and Commercial Bank of China and the Postal Savings can be purchased through online banking. The timing of the purchase varies, but generally no earlier than 8:

30, no later than 16:30.

What does it mean that convertible bonds are divided into primary market subscription and secondary market purchase? The primary market is the first issuance, which is the same process as the subscription of **, the listed company will issue an announcement, you only need to click on the APP of the ** company to subscribe for new bonds. The subscription of new bonds is likely to be good, but you depend on your subscription amount, but it is not impossible to break the issue.

There is also a short-term bond product, such as 3 days, 7 days and other maturities, you can buy this kind of market weekend, you only need to select the bond column in the company's APP, and all varieties will be displayed for you to choose. First, to earn some income from the spare money in **, and secondly, to reduce the sunk cost of idle money.

The secondary market purchase is that the bond has been listed and circulated, and you buy other people's second-hand bonds to obtain the income from the price difference, which has a certain risk, which is similar to buying **.

You can also hold bonds indirectly by holding bonds**, the main funds of bonds** are invested in the bond market, and a small part is invested in currency products, saving the trouble of choosing.

All in all, bonds are divided into multiple varieties, and the overall risk is relatively low, and they can be purchased through a variety of channels and methods.

Disclaimer: The above content is for investors' reference only and does not constitute any investment advice, and investors should not use such information to replace their independent or bad judgment or make decisions based solely on such information. The market is risky, and investors need to be cautious.

1. Bank counters: buy savings treasury bonds:

At present, the over-the-counter bond market only provides one bond variety of certificate treasury bonds, and this variety is not liquid, and is only sold to individual investors, giving more play to the savings function, and investors can only hold it to maturity to obtain coupon interest income; However, some banks will provide investors with the pledge of certificate-type treasury bonds, which provides a certain amount of liquidity.

To purchase certificate-type treasury bonds, investors only need to open an account at the bank counter with their valid identity documents. There is no account opening fee for opening an account and maintenance fee for opening a personal treasury bond custody account that is only used to save treasury bonds, and the income from treasury bonds is exempt from interest tax.

However, when opening an individual treasury bond custody account, a settlement account (debit card account or current passbook) should also be opened (or designated) with the same undertaking bank as the fund account of the treasury bond account to settle and redeem the principal and interest. Although it cannot be listed for trading, it can be redeemed in advance according to regulations.

2. Exchange: buy corporate bonds, convertible bonds, etc.:

At present, there are book-entry treasury bonds, corporate bonds, corporate bonds and convertible bonds circulating in the exchange bond market, in this market, individual investors only need to open a bond account in the business department of the company, they can buy bonds like buying **, and they can also realize the difference in bond trading. As long as you open an exchange** account, you can participate in the purchase.

The transaction cost of buying and selling bonds on an exchange is very low compared to buying**. First, stamp duty is exempted, and secondly, in order to promote the development of the bond market, trading commissions have been significantly reduced. According to rough estimates, the transaction cost of buying and selling bonds is about 5/10,000, which is about 1 10 of the transaction cost.

3. Entrusted purchase:

In addition to treasury bonds and financial bonds, almost all bond market varieties are circulated in the interbank bond market, including subordinated bonds, short-term financing bonds of enterprises, ordinary financial bonds of commercial banks and foreign currency bonds. These varieties generally have higher returns, but individual investors are not yet able to invest directly. Bonds** can be invested in treasury bonds, financial bonds, corporate bonds and convertible bonds, while banks' fixed income and hidden profit products can be invested in a wider range, including treasury bonds, policy bank financial bonds, central bank bills, short-term financing bonds and other bonds issued in the national interbank market.

1. Make sure you have the right reasons for investing.

If you're buying bonds** to increase the stability of your portfolio, or to get a higher yield than cash, this strategy can work. If you think you can't lose money by buying bonds**, you need to think again. Bonds** are also risky, especially in an environment of rising interest rates.

When interest rates go up, bonds will be, so your bonds may have negative returns. Especially in China, most bonds** hold a lot of convertible bonds, and some also invest a small amount**, and the fluctuation of stock prices, especially convertible bonds**, will increase the uncertainty of returns.

2. Know what your bond holdings.

To avoid investment mistakes, it's important to understand what your bonds** are holding before you buy.

For ordinary bonds, the two basic elements are interest rate sensitivity and credit quality. The rise and fall of bonds** is inversely related to the rise and fall of interest rates. When interest rates rise, bonds** fall.

To know how sensitive the net asset value of the bond is to changes in interest rates, duration can be used as an indicator. The longer the duration, the more sensitive the net asset value of the bond** is to changes in interest.

3. Understand the credit of bonds.

The creditworthiness of a bond** depends on the credit rating of the bond in which it invests. Investors can learn about the restrictions on the credit rating of the invested bonds through the prospectus; Understand the credit rating of your bond holdings with the ** Portfolio Report.

For domestic portfolio bonds**, investors also need to understand the proportion of convertible bonds and equity travel bills they are investing in. **Holding a large number of convertible bonds can improve the profitability of the debt, but it also magnifies the risk. Because the goods of convertible bonds are affected by the linkage of the underlying stock, the volatility is greater than that of ordinary bonds.

In particular, the rate of return of those who concentrate on holding a large number of convertible bonds may be much greater than that of the bond market.

4. **Hedging tools in the city.

Investors will be exposed to greater volatility risk when choosing the **type**. In this market landscape, bonds** with good liquidity, low risk and higher returns than savings rates can reduce risk for investors. At present, more than 80% of the assets of bonds** in the market are composed of treasury bonds, financial bonds and corporate bonds with high credit ratings, and there is basically no credit risk.

After controlling the interest rate risk, the risk of the net value of the bond is very small, and the return is very stable. Therefore, it is a good alternative to bank deposits, catering to the needs of Chinese residents for stable income and low risk.

Of course, bonds** are not purely investment bonds, so they are not principal protected and are also subject to the risk of loss. It's just that its investment risk is much lower than that of **type**.

How to buy bonds**, first look at the investment object.

Bond investment is an investment method based on investment products such as ** bonds, corporate bonds, and treasury bonds. Since the recipients of funds are the state, enterprises, etc., and there are borrowing certificates, that is, bonds, stable repayment ability makes the income more stable and safe. As a stable investment investment, the return is more ideal than that of bank fixed or delivery deposits and currency**.

The purchase basis mainly depends on the size of the yield, the stability of the yield, the size of the company, the ability of the manager, and the historical performance.

Open**Buying platform to search for the word bond, select a bond with an annual yield of more than 10%**, open the **file, most of these **contain 1%-10% or higher** components, such **yield curves will be found to be jagged, which is the impact of ** components, that is, it will destroy the stability of income, but at the same time it brings risks, it also brings unstable high yields compared to pure bonds.

and bonds** are hedging**, **rise, bonds fall, but they can also rise or fall at the same time, which is relatively rare. Why hedging? You can sort out how ** and bonds are formed.

**, generally the result of the joint-stock system through the issuance of **, the company's profitability is good, the value is high, the company is not short of money, so that the company does not need to raise funds and issue bonds. If you can't buy high-quality bonds, the income will decline relatively speaking. , bonds**, that's why hedging.

In the world of investment, the most important thing is the investment strategy. The more comprehensive the factors considered by the manager, the more stable the income can be, and it is not better than the need for some momentum. What bonds do is to grow steadily.