Not The Fund Manager, But The Investor'S Money Cow.

We all know that in the field of investment, stocks are equivalent to their own business, and funds are equivalent to giving money to experts (fund managers) to make money. Then the question arises. Since fund managers are so busy, why not go alone to earn money instead of relying on commission for royalty? Conversely, if the fund managers are mediocre, then why do we have to give money to fund managers?

To answer this question, we have to understand.

Why should we choose such a profit model and how it wins investors?

Because when investors make investment decisions, they can only refer to past achievements and background experiences of fund managers, and other auxiliary strategies.

After all,

Unlike crops, we can rely on common sense to imagine it.

But there is one thing to remember.

It usually corresponds to a team that manages this fund, rather than just a fund manager.

And team cattle, to a large extent, can not be separated from investors' trust.

Because only a strong capital can afford a team of cattle.

There is a saying, "standing and speaking without pain," what does it mean? It means that it is not a matter of one's own.

In the fund's investment, Ji min also has such concerns. After all, the fund manager has to pay a commission fee for the drought and flood.

And he has to accept the consequences of his investment, and earn profits.

Does that sound like a very easy job for the fund manager?

At ordinary times, we only see the fund managers with boundless scenery.

But I do not know that behind the fund manager is a backup force.

For example, a team of researchers (equivalent to future fund managers) needs to be responsible for basic research, field research and high frequency tracking; fund managers are responsible for combining account requirements with market environment maintenance portfolios; trading team (i.e. trader) is responsible for completing the buying and selling instructions of fund managers based on daily market conditions.

Among them, whether the basic research is solid, whether the investment decision is correct or whether the paction execution is in place will affect the final performance of a portfolio.

Therefore, the fund manager is only the part of the team who goes from behind the scenes to the stage, which is part of the investment research paction process, not all.

Many people are concerned about a problem when they first buy and sell funds. Why do fund managers not buy their own funds? Since he believes in his own profitability, why not start his own business?

The answer is that in the scope of public fund, fund managers themselves can not buy and sell. This is to ensure the objectivity of the whole fund team to the maximum extent, and to ensure the profitability of the entire fund from a long-term perspective, rather than trading like retail investors.

In fact, in the US fund industry, the average annual 7%-15% fund is closed. At the same time, almost the same number of new funds are established every year.

China's competition is somewhat slow, but the fund ranking is still hanging on the top of every fund manager "Damour's sword".

In short, whether to give money to a professional team or to take care of oneself depends on personal professionalism and time and energy.

Finally, the old saying goes, "investment is risky and market entry must be cautious".