u/Minute_Solution6327

Which travel website or resources do you guys browse to plan your trips to China?

You never really know the fund's holdings structure or allocation ratios, and the "hardworking" fund manager keeps rebalancing — because as he said, he can completely overhaul the portfolio at any time. On top of that, management fees, transaction costs, and the hidden costs of chasing highs and panic-selling at lows mean it always drops more than individual stocks in a downturn and rises less in an upturn. He trims positions that could go up and adds to ones that could go down. Rinse and repeat.

Lesson learned: Cross-market funds, especially those with a focus on non-US stocks, are absolutely not worth touching.