Open-End Fund Complete Wealth-Building Guide

Author: Peter Lynch and "Magellan Fund"
Publisher:
Publish Date: 2001-04-01
Features: The 10-year development of China's stock market has brought two historic investment opportunities to investors: buying high-quality stocks and employee shares. Those who seized these opportunities back then are now millionaires in the Chinese stock market. You have missed it once, and you have missed it a second time. You can no longer miss the third time: open-ended funds. There is a saying in the Chinese stock market: "Top 20, bottom 80." It means that only 20% of investors make money in the stock market, while 80% lose money, and most of the 20% who make money are market manipulators. So the 80% who lose money are mainly retail investors like Don Quixote. Smart entrepreneurs understand the common human desire to "pursue wealth," so as early as 1868, the UK established an open-ended fund called "Foreign and Colonial Government Trust" to professionally help people invest. The unique advantages of open-ended funds are: "professional management, risk diversification." The saying "There is a time for everything, and a season for every activity" strongly illustrates the necessity and superiority of specialization. Most housewives who have cooked for 20 or 30 years may not be as good as a chef with only three years of experience in a three-star hotel. Even in things we think we are familiar with, there are people who are more professional than us and do better than us. Let alone the complex field of investment, assets, taxes, and strategies! Moreover, mutual funds pool the money of many people to invest, which helps to diversify risk. Now, many stores are moving toward the direction of "one-stop shopping" to allow customers to buy all the things they need without having to run around. Therefore, to meet the psychological need of readers to "see everything at once," this book, based on the newly promulgated "Pilot Measures for Open-Ended Fund of Investment Fund," follows the principles of "new, practical, and comprehensive," systematically and comprehensively introduces three aspects of open-ended funds: an encyclopedia of open-ended funds (including the concept, types, operation methods, development, and impact of open-ended funds on the Chinese investment market), the essential tools for investors to invest in open-ended funds (including how to analyze funds, select funds, grasp timing, and control risk), and the powerful tool for stock investors to analyze the stock market (stock investors can discover potential stocks and dark horses in the stock market by analyzing the investment strategy and portfolio of funds). This book is primarily aimed at various investors, with easy-to-understand language, specific and practical content, and strong operability, making it an invaluable introductory and reference book on open-ended funds. It will also be helpful for theoretical researchers and managers of open-ended funds. The most important thing in life is not the position you occupy, but the direction you are heading. Perhaps you have a superficial understanding of open-ended fund investment or are completely unfamiliar with it, but if you are willing to spend time studying this book, I believe you are on the right track toward correct investment and financial management. Here, I wish all readers of this book success in their investments!