What are the disadvantages of mutual funds？
What are the disadvantages of mutual funds？
Key takeaways
主要外卖
Mutual funds have four main disadvantages: high fees, uncertainty, lack of control,and management misuse.
共同基金有四个主要缺点：高额费用、不确定性、缺乏控制和管理层滥用。
Understanding the disadvantages of mutual funds
了解共同基金的劣势
Investors must have a good understanding of the advantages and disadvantages of mutual funds before making an investment decision. And their drawbacks are as follows:
投资者在作出投资决定之前，必须充分了解共同基金的利弊。它们的缺点如下：
High fees. All mutual funds incur costs that reduce the overall returns. The fees generally fall into two categories: shareholder fees and annual operating costs. Shareholder fees are associated directly with investors' transactions, for example, buying, selling, and exchanging mutual fund shares. On the other hand, annual operating costs are paid out of fund assets (investors are paying them indirectly), including investment advisory fees, marketing and distribution expenses, brokerage fees, custodial, transfer agency, legal, accountants' fees, etc.
费用很高。所有共同基金都会产生降低整体回报的成本。这些费用通常分为两类：股东费用和年度运营成本。股东手续费与投资者的交易直接相关，例如，买卖和交换共同基金股票。另一方面，年度运营成本从基金资产中支付(投资者间接支付)，包括投资咨询费、营销和分销费用、经纪费、托管费、转让代理费、律师费、会计费等。
Investors should watch out for higher mutual fund fees because they can quickly and devilishly eat into your profits over time.
投资者应该提防更高的共同基金费用，因为随着时间的推移，它们可能会迅速而可怕地蚕食你的利润。
Uncertainty. Even though investors pay the fees listed above, there is no guarantee of the performance of mutual funds. With mutual funds, investors may lose some or all of the money they invest because the securities held by a fund can go down in value.
不确定性。即使投资者支付上述费用，也不能保证共同基金的业绩。对于共同基金，投资者可能会损失他们投资的部分或全部资金，因为基金持有的证券可能会贬值。
Lack of control. Investors have no control over the investment holdings since a professional fund manager manages the mutual fund. Although investors can select a general type of mutual funds by industry or sector, they cannot directly control allocated money. The fund manager has the final say over specific securities and the execution of orders. In other words, investors place their complete trust in the fund manager's hands when they invest in a mutual fund.
缺乏控制力。投资者对投资持有量没有控制权，因为共同基金由专业基金经理管理。尽管投资者可以按行业或部门选择一般类型的共同基金，但他们不能直接控制分配的资金。基金经理对特定证券和订单的执行拥有最终决定权。换句话说，当投资者投资共同基金时，他们完全信任基金经理。
Management misuse. Mutual fund managers may misuse their authority sometimes. Standard abusive practices include an unreasonable replacement, unnecessary trading, etc.
管理层滥用。共同基金经理有时可能会滥用职权。标准的滥用行为包括不合理的更换、不必要的交易等。
For more investment knowledge and trends, welcome to Courses on the Community.
欲了解更多投资知识和趋势，欢迎访问课程关于社区。