First, pay attention to the origin of wealth management products. Many financial novices may not understand that the financial products sold by banks are not necessarily issued by banks. Because besides banks,
They will sell self-operated wealth management products and help third-party institutions to sell products, commonly known as "flying orders", that is, bank employees privately sell non-bank self-operated products to customers in order to earn the difference, such as wealth management products issued by trust, insurance, funds and other companies. It should be noted that such products are not as "reliable" as self-operated banks, and once something goes wrong, banks will not bear the relevant responsibilities, because banks generally think that this is the personal behavior of employees.
Therefore, novices are not recommended to buy non-bank self-operated wealth management products. First, there are risks, and second, there is no place to apply if there are problems.
Hey. "So how do you distinguish between self-operated wealth management products and non-self-operated products of banks? There are the following points:
1, check the product registration code in the manual. In the description of financial products issued by banks, there will be a big one.
Write the 14 digit product registration code beginning with the letter "C", and enter this product registration code into the search box of China Wealth Management Network to find the corresponding product. If it is not found, it is not a real bank self-financing product.
2. Look at the rate of return. The income of "flying orders" is particularly high, which is generally two or three times that of self-operated wealth management products of banks. If investors
Blind pursuit of income is likely to fall into the trap of "flying orders" and make the principal suffer losses.
3. Look at the contract. Investors must read the contract carefully when they get it. Don't be afraid of trouble, especially read the contract carefully.
Does it say that the issuer is a bank? If so, the name of the bank will be clearly indicated in the contract.
Second, pay attention to the types of wealth management products. In people's inherent impression, people have always felt that the income of bank wealth management products is stable, and it can even be said that it is "a steady profit." In fact, this cognition is also incorrect, and the bank's wealth management products are not so "stable". Because there are three kinds of wealth management products: guaranteed fixed income, guaranteed floating income and non-guaranteed floating income. Among them, "non-guaranteed floating income" wealth management products can break your inherent knowledge of bank wealth management products in one fell swoop. Here is a brief introduction to one of these three types of wealth management products:
1, guaranteed fixed income type: most people's understanding of bank wealth management products comes from this type. As the name implies, banks will provide protection for the principal and income of wealth management, with low risk and stable income, which is the favorite choice for novices.
2. Capital-guaranteed floating income type: This kind of product bank can still guarantee the safety of the wealth management principal, but the income is not fixed. However, in fact, the final rate of return of the bank's wealth management products is rarely lower than the expected rate of return, so investors don't have to worry too much. When choosing, they should recognize the "floating income" and put their minds right.
3. Non-guaranteed floating income type. This kind of products can be said to be an upgraded version of the second category, that is, banks do not guarantee the principal and income, and investors will face risks not only in terms of income, but also in terms of principal. It is recommended that friends with certain investment experience buy it. But in fact, the risk of non-guaranteed floating wealth management products is not as great as everyone thinks. According to statistics, the compliance rate of such products is above 99%, which means that few products fail to reach the expected rate of return, and the loss of principal is even less. Experienced investors can make bold attempts.
After reading the above three types of bank wealth management products, everyone must have a new understanding of bank wealth management products, but don't worry too much. After all, bank wealth management products face relatively small risks. As long as you don't just listen to the introduction, take the initiative to understand the product type and choose according to your actual needs, you won't be trapped.
Third, understanding and preventing risks To prevent risks, we must first understand risks. Let's learn about the risk level and source of bank wealth management products.
The risk level is generally set according to different factors such as the investment scope, risk-return characteristics and liquidity of wealth management products, and there are generally five levels: R 1 (cautious), R2 (steady), R3 (balanced), R4 (enterprising) and R5 (enterprising). According to the description of the topic, let's introduce the characteristics of the five grades in detail:
R 1 and R2: First of all, R 1 basically guarantees the principal and income, with low risk; R2 does not break even, but the risk is relatively small. Put these two together because the investment scope of R 1 and R2 is basically the same, and most of them are low-risk financial assets such as exchange market bonds, capital lending, trust plans and interbank markets. Generally speaking, the low-risk part of R 1 grade investment is relatively high, and there are usually capital preservation clauses, that is, "capital preservation and income protection" or "capital preservation and floating income protection" products.
R3: No principal loss, moderate risk. This level of products can be invested in low-volatility financial products such as bonds and interbank deposits, as well as high-volatility financial products such as stocks, commodities and foreign exchange, and the investment ratio of the latter shall not exceed 30% in principle. However, this level does not guarantee the repayment of the principal, and there is a certain principal risk and the income fluctuates.
R4 level: there is no guarantee and there are risks. This level of products are linked to financial products with high volatility such as stocks, gold and foreign exchange, and the proportion can exceed 30%. The repayment of the principal is not guaranteed, the principal is risky and the income fluctuates greatly. Investment is vulnerable to market fluctuations and changes in policies and regulations, and there is a greater possibility of losses.
R5 level: the risk of not breaking the capital is extremely high. This level of products can be fully invested in various financial products with large fluctuations, such as stocks, foreign exchange, gold and so on. And the principal risk is extremely high, while the income fluctuates greatly. Investment is easily affected by market fluctuations, changes in policies and regulations and other risk factors, of course, the corresponding expected returns will be higher.
To sum up, products with risks below R3 are relatively "safe", and wealth management products of R4 and R5 are not suitable for ordinary people to buy. One of the easiest ways is to see if there is the word "stock" in the wealth management product portfolio. If yes, then the risk level is at least above R3. We suggest that novices or friends with low risk appetite can choose R 1 and R2 wealth management products, and those above R3 need to be carefully purchased.
After understanding the risk level of wealth management products, choose the appropriate products according to your risk preference and risk tolerance. Therefore, it is best to carefully complete the risk tolerance assessment before purchasing wealth management products, and choosing the appropriate wealth management products according to the assessment results is also one of the ways to avoid risks.
In addition, in fact, we can use structured and unstructured products to distinguish risks. Let's talk about what are structured and unstructured products:
1. Unstructured wealth management products: The capital investment of unstructured wealth management products is bond repurchase, deposits, national debt, financial debt, central bank bills, etc. And the risk is relatively low, which is the "stability" in everyone's impression.
2. Structured wealth management products: As mentioned above, the risk level of wealth management products with the word "stock" is at least R3, which belongs to structured wealth management products. Structured wealth management products are generally related to stocks, gold, foreign exchange, credit and oil. , and the risk level is high. When wealth management products involve such words, investors need to pay attention, because the yield of such products is floating, with the highest expected yield and the lowest expected yield. If the expected minimum rate of return in the product specification is 0.5% and the expected maximum rate of return is 8%, then it can basically be judged that the wealth management product is a structured wealth management product. But it is not because the yield is an interval that we need to pay attention to, but because the yield of structured wealth management products fluctuates greatly, and the possibility of reaching the highest expected yield at maturity is very low.
In fact, the main difference between structured and unstructured wealth management products lies in the investment direction and investment target, which also determines their risk levels are very different. If you want to be "stable", it is recommended to choose unstructured products. If the risk appetite and risk-taking ability are relatively high, you can choose structured wealth management products after careful consideration, but it is not recommended for novice and inexperienced investors to choose.
Finally, structured wealth management products are also divided into capital preservation structured wealth management products and non-capital preservation structured wealth management products. Similarly, non-structural wealth management products are also divided into capital preservation non-structural wealth management products and non-capital preservation non-structural wealth management products. In other words, non-structural wealth management products do not necessarily have capital preservation, and structural wealth management products do not necessarily have capital preservation, but if you choose non-capital preservation structural wealth management products, you should pay special attention!