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Accompany you to make money in Hong Kong stock market!
Hello, everyone, I am the representative of Niuniu class!
Today is the 13th lecture of a series of courses "20 lectures on Hong Kong Stock Investment"!
Niu friends, please pick up the small bench and come to class together.
When you have a lot of spare money in your pocket and want to save it but earn some high interest, people around you will advise you to buy cash treasure.
What is the treasure of cash? In fact, we call it money fund in financial terms, and people give it the nickname "turkey". The fund has long been known as a "cash-saving" product with higher interest rates than bank deposits and flexible redemption.
Today,Niuniu class representatives will give you popular science, how does this "open-hanging turkey" work?
What is a monetary fund?
A money fund refers to a fund that invests funds specifically in money market instruments with low risk.Invest in short-term monetary instruments(the general maturity is less than one year, with an average maturity of 120 days), such as treasury bonds, central bank bills, commercial paper, bank certificates of deposit and other short-term securities.
Therefore, the money fund has high liquidity and high stability, and is known as "quasi-savings". In the new gap period, holidays, risk aversion and other periods, put idle funds into the goods base can make a profit, will not be wasted.
Yu'e Bao and Fu Tu Cash Bao, which you often see, are money funds.
II. Advantages and disadvantages of monetary funds
(1) advantages
The investment principal has high security and high liquidity:Money funds rarely lose money on their principal. At the same time, the money fund is convenient to buy and sell, and its flexibility is similar to that of savings, and investors can realize the Tunable operation.
Stable earnings:The income fluctuation of money fund is relatively small, and generally has a yield similar to that of treasury bond investment.
Lower transaction costs:Purchase fees and redemption fees shall not be charged when purchasing money funds.
Low threshold for investment:You can buy it at a minimum of HK $0.01 or US $0.01 at Futu Cash Bao.
(2) shortcomings
Low risk does not lead to high returns:The base yield is only slightly higher than the bank's term interest rate, and it is not a completely risk-free product.
Third, understand the rate of return and trading time
When measuring the returns of money funds, two calculations are often used:
"per 10,000 earnings": for every 10,000 shares (most money funds have a face value of 1 yuan, purchase 10,000 shares = invest 10,000 yuan) the income that can be obtained on the day of the money fund share.
Daily income = invested capital / 10000 × ten thousand income
Seven-day annualized rate of returnThe average daily return of the money fund over the past seven days is equivalent to the annual rate of return
Daily return = invested capital x 7-day annualized rate of return / 365
However, the average of past earnings can not reflect the latest income level of the goods base in time, and each company has a different algorithm for seven-day annualized rate of return, soInvestors are advised to refer to every 10,000 earnings as far as possible.。
There is a fixed time for fund trading.
The fund trading day is called T day, T + 1 is the day after trading, T + 2 is two days after trading, and so on. Weekends and holidays generally do not belong to fund trading days.
The T-day switching time of different fund companies is different. For example: suppose the rich way fund Baomou money fund has set the trading day to cut T at 12:00, then the purchase before 12:00 on Monday is regarded as the order on Monday, and the purchase after 12: 00 is regarded as the order on Tuesday.
The redemption process is similar: redemption before 12:00 on Monday is treated as a Monday application, redemption after 12: 00 Monday is treated as an application submitted on Tuesday, and so on.
Fourth, how to select high-quality goods base
Factors for consideration in selecting a base:
Establishment cycleChoose the old fund that has been established for a long time, the operation is more mature, and you can examine the performance level of the longer cycle.
Return rateCheck the ranking of returns of money funds, and try to choose high-yield money funds with annualized returns at the top of the list.
Holder structureIf the institution holds more, the size of the fund will be more stable, but if the institution withdraws and redeems, it will have a great negative impact on the fund.
Fund managerChoose the right fund manager = equal to half the success
That's all for today's sharing!
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Hong Kong Exchanges and Clearing: connecting China and the World
3 minutes to understand the introductory trading guide for Hong Kong stocks
How to get the comprehensive information of a Hong Kong stock company
Understanding the Supervision system of Hong Kong stocks from the delisting case of "National Juice"
Before investing, let's talk about the main indexes and sectors of Hong Kong stocks.
Hong Kong stocks are so popular, come and take a look at the purchase process and skills.
Lecture 13 is waiting for you tomorrow!
Let's not part until we meet again!
Edit / lydiali