Question 1: Compared with stocks, * * * has four main advantages: 1 professional operation and management. * * * Professional fund managers and research teams, engaged in market research together with fund companies, have a deep understanding of the overall and individual investment environment at home and abroad and the situation of individual companies. And as long as you spend a little fund management fee, you can enjoy the services of experts, which can be said to be the best gospel for small investors. However, direct purchase of company shares may lead to investment mistakes due to limited personal ability or asymmetric information. 2. Diversification of investment risks * * * The assets of the same fund are larger than those of ordinary investors. With its concentrated huge amount of funds, it can be scientifically combined within the scope prescribed by law and spread among different stocks and even different investment tools to achieve real risk diversification, and will not cause heavy losses because of a wrong stock selection. However, investing in company stocks, due to limited personal funds, can not spread risks through asset portfolio, so the risk of company stocks is even greater. 3. High security. * * * The same fund adopts the principle of separation of custody and operation. If the fund company or custodian bank goes bankrupt unfortunately, the creditor may not request to detain the fund assets or exercise other rights, and the rights and interests of investors will not be affected. However, if you invest in the company's stock, if the company goes bankrupt, there will be little distribution through the remaining assets. 4. Liquidity is quite flexible. When investors don't want to invest, they can choose to quit at any time. The money for redeeming domestic bond funds can arrive on the next working day, and domestic equity funds and overseas funds can arrive in about one week. Unlike other investment tools, there is a risk of not selling. 5. Small funds can invest in the whole world. * * * The same fund spreads its investment to different targets, even to different financial markets (regions and countries). Investors can share the fruits of economic growth in various regions of the world with a minimum of 3,000 yuan (fixed time limit). Compared with other investment tools, the lower investment limit is much smaller.