Investment Income Is Becoming More And More Difficult To Make.

It is more and more difficult to earn money by investing funds. When the proceeds of stock and bond funds are hovering below 10%, even some pure debt funds may not win the bank financing, it is time for us to consider reducing the basic expenses in the investment process to increase the investment performance.

In fact, investors can regard the guaranteed fund as a mixed fund with a maximum stock position of 30%. In fact, there is a two class debt base on the market, and the highest stock position is also 30%. However, because there is no guarantee clause, the stock investment is more radical. Relatively speaking, the purchase and redemption expenses of these two class debt bases are relatively lower, which is more reasonable than that of the guaranteed fund, which is less than a year's redemption fee to 1%~1.5%. The two level debt basis charges are more reasonable and the liquidity is better.

It also keeps the possibility of gains when the stock market rises, and it is also a partial risk variety. It can also participate in the purchase of new shares, which is a good choice for investors.

To say that the purchase of funds, most of the people were initially recommended from the financial manager of the banking channel. Many "Xiao Bai" also stepped into the gate of the fund investment because of the recommendation of the banking channel. In the bull market in 2007, many people began to pay close attention to the fund, and then began to make a fixed investment in the bank.

According to reporters, many investors are still accustomed to buying funds at the bank counters, and then using online banking to check net value.

But in fact, there is not much advantage in buying funds from banks.

Not to mention buying stock funds at the bank counters, some of them need to pay as much as 0.8~1% of the sales cost. After all, investors enjoy the relative professional financial advice of bank financial managers. In some banking business channels such as online banking, APP, etc., the most substantial discount is less than half off to seventy percent off, not at all times.

Relatively speaking, the funds of fund companies and professional third party sales organizations can reach ninety percent off to 85% off of the whole year, and some fund companies often have their official website.

The purchase is obviously more affordable, but it is more convenient to operate the three party sales companies such as the daily fund, the ants, Lu Jin and so on, and there are also some cash management tools available.

Therefore, for many investors who are not going to the bank for a whole year, since they do not need professional advice from banks, it is better to use cheaper services, especially some funds, to set up deductions directly in APP, which is more convenient and quick.

It is worth noting that the third party purchase fund can collect all the fund positions of investors. Investors can view their positions and investment returns on the same platform, and do not need to log on to the bank website to see each other. This is more simple and quick.

But from the perspective of fund conversion, the official website of the fund company is more convenient and can be pferred to various funds of the fund company.

According to the reporter, there are still some investors holding some B share of the classified fund, waiting for the future bull market. Some investors believe that according to the experience of the bull and bear pformation, holding funds such as gem B and so on, when the bull market comes, it is not difficult to get more than 4 times earnings at the high point, so they are willing to collect chips at the low level, wait for the bull market to come, some adopt the way of fixed investment, and others hold low positions continuously.

From 2012~2015, if we collect enough chips, some high resilient funds can bring a good return. But we can not ignore the fact that such a practice costs money and the cost is not low at the current interest rate level.

The first is the cost of financing. At present, the class A agreed yield of some stock index funds is about "one year fixed +3%", but in fact, the B class has to pay far more than that cost, because it also has to pay the management fees and other expenses of the fund. The formula of the financing cost is "the cost of financing / financing for the financing" = (A agreed yield *A share + mother fund management fee) / (the parent fund net value -B price *B share), so that the minimum financing cost of this kind of one-year fixed +3% fund is 4.8%, up to 7.54%.

What is this concept? It means buying such funds. If the annual income is not more than 7.5%, even if the parent fund earns money, B class investors will still lose money.

The main reason is that B leverage is generally high.

For investors, it is not impossible to place a B class, but

Do not ignore the cost of financing, which is the actual cost to pay.

Some people think that this rate is not high and can be withstood. But if the bear market lasts for 3~5 years and calculates compound interest, the cost will be relatively high for investors.

In fact, grading B is more suitable as a tool for phased investment. For example, when the market has reached a very low level, it is a good choice to use the grading B to copy the bottom.

In the first half of this year, the guaranteed fund has ushered in the spring issue. It was once the most popular product in the market. The main reason is that the volatility of the capital preservation fund was low last year, and the income has reached a high level in the past three years. Good performance has attracted many low risk funds. However, from the earnings this year, the capital preservation fund is hard to replicate in 2015, most of which are far from the pure debt fund.

So is it possible for the capital preservation fund to replicate the good returns in 2015? It's not too difficult. Why do we say so? First of all, we need to figure out how the fund is invested.

Let's not see that the guaranteed fund has a 30% stock position, but fund managers are not always allowed to buy shares. First, the fund must be bought.

A more stable approach is to accumulate "safety pads" and enough safety pads to invest in risky asset classes, such as stocks.

If the fund company stipulates that when the net value reaches 1.01 yuan, the fund manager can invest 1 percentage points of stock. This regulation can avoid the net value of the fund below 1 yuan. After the end of the capital guarantee period, the fund company must pay its customers out of pocket.

This investment mode determines that a new guaranteed fund is the luckiest thing to issue. When the bull market has just started, the fund manager first bought and sold bonds and accumulated huge security pads. Then he met another round of bull market. Fund managers took advantage of the enlarged stock positions to invest in stocks, and got the profits beyond the bonds, then gradually reduced the positions and ended the break even cycle.

In the next two or three years, a bull market with a rapidly rising bond market will be more difficult.

The main reason is that too many funds in the market can not find suitable asset investment, resulting in a decline in yields on bonds, while bonds with slightly higher yields may fall back on them.

As a result, the new guaranteed fund wants to accumulate enough security cushions. Even if the stock market falls to a low level, the fund managers want to buy some stocks and have no authority. At this time, these guaranteed funds are actually equivalent to the pure debt fund. The problem is that the fee rate of the guaranteed fund is higher than that of the pure debt fund, such as the purchase fee, the management fee and so on. In general, the performance of the guaranteed fund is very difficult to win the pure debt fund.