Bank Fund Fixed Investment Promotion SMS

The advanced fixed investment method of the fund teaches you to invest in the moving average.

What is a fixed average investment?

The "moving average fixed investment strategy" we introduced (also known as the moving average deviation method) is also a common fixed investment strategy for many fund sales platforms. The basic idea of this strategy is divided into three steps:

Step 1: First, determine the fund to be invested;

Step 2: Select the benchmark index that is consistent with the style of the fixed investment fund. For example, if you invest in a large-cap value fund, you should choose the Shanghai and Shenzhen 300, and a small-cap growth style fund can choose the GEM index;

Step 3: Compare the benchmark index with the long-term moving average (for example, the 250-day or 500-day moving average) of the trading day before the fixed investment deduction date. If the index is higher than the moving average, it will reduce investment, otherwise it will increase investment.

Off-court or on-court?

Funds that use front-end fees to make off-site fixed investment will pay the handling fee in proportion when purchasing every month, which increases the cost of fixed investment. If you buy at the bank counter, the handling fee is 1.5%. If you buy in online banking, the handling fee is 60-20%. If you buy on the fund company's website, the handling fee is generally 40%. There is a redemption fee ranging from 0.25% to 0.5% at the time of redemption. The average import and export cost of using OTC fixed investment funds is about 1~ 1.5%.

There is no handling fee for the back-end fund when it is purchased every month, and there is no handling fee for redemption after it is held for the time specified by the fund company (3- 10 years). Therefore, it is best to choose funds with back-end fees for off-site fixed investment, but not all funds have back-end fees. If the holding time does not meet the requirements of the fund company, there is still a big handling fee.

Using floor trading, the average brokerage fee is 2.5 ‰, and some brokers can get a minimum discount of 1 ‰ (related to the amount of funds). Moreover, the threshold fee of 5 yuan can be cancelled, and the general import and export fee is 5 ‰. The friction cost of external transactions (for example, front-end charging funds) is 20~30 times that of on-site transactions (there is no stamp duty on on-site transactions of index funds).

On-site trading can save fees and improve the fixed investment income of the fund. If the fixed investment strategy of our fund still needs to cooperate with the valuation rotation strategy, it is basically difficult to realize off-exchange trading, and the friction cost of on-exchange trading is quite small, which is convenient for us to carry out rotation operation. When the valuation of the invested index enters an overvalued area, we can gradually sell index funds and buy fixed-income products.