Basic Knowledge of Funds

1. A fund is a hassle-free, efficient investment tool managed by an investment manager who researches the market, selects investments, and uses investors' money to buy a basket of assets.
2. Beginners can purchase funds through third-party platforms, which charge higher fees, or open an on-exchange account with lower fees. Refer to real trading expert rankings or popular sectors to choose funds and avoid frequent trading.
3. Fund trading hours are from 9:30 to 11:30 in the morning and 1:00 to 3:00 in the afternoon on working days; markets are closed on Saturdays, Sundays, and holidays.
4. Use other apps to assist in judging fund price movements; decide to add or reduce positions around 2:30 PM to avoid lagging behind others. When buying or selling, divide funds into 3-5 parts to reduce risk.
5. Fund redemption fees: if sold within 7 days, a 1.5% fee is charged; no fee if held for more than 7 days.
6. Fund Class A requires a purchase fee; long-term holding has no penalty. Class C charges daily fees, no purchase fee, but higher fees for short-term trading.
7. Regular investment in funds can avoid subjective emotional interference, smooth out investment losses, and align with long-term holding principles; it can be canceled at any time.