Step 1: Know your current financial situation.
Consider your current income and expenses, as well as your house, car, loan, credit card, etc. If you don't know how to take the first step, start with bookkeeping!
Step 2: Analyze your risk tolerance.
Risk tolerance is not only affected by personal financial situation, age, risk preference and other factors, but also related to your life stage. For example, if you are single and have no family responsibilities, then your risk tolerance will be higher; On the other hand, if you are a father or a mother now and have a family and children to take care of, then your risk tolerance will be lower. These external factors should be considered in the analysis. After analyzing the above two points, you can start to choose financial products that meet your personal needs!
1. Select according to the duration.
The idea is simple-if you need money in the short term, choose the one with a short term; On the other hand, if you don't need money for a long time, you can choose a longer term. There is no absolute good or bad, but fitness is the key.
2. Choose according to the investment threshold
The investment threshold of various wealth management products is different, so the amount of funds you have will directly affect the way you choose to manage money, so you should choose the corresponding wealth management products according to your own assets.
3. Liquidity of funds
Don't choose products that don't meet your liquidity requirements in pursuit of high efficiency. Otherwise, it is very likely that you will not get the money when you are in urgent need, or you will lose a lot of income because of early withdrawal.
4. Product risk
Financial planning must pay attention to risks, although it is a bit cliche, but it is a wise saying! Generally, high returns are accompanied by high risks. If you want to get such a high return, you must take risks. Take more time to understand the structure of the product itself, and don't invest in products you don't understand.
Everyone has different habits in financial planning, different actual situations, different experiences and different knowledge, so the final choice actually varies from person to person. Don't listen to others' ideas or follow others' footsteps easily. Huachuang Zhaofeng reminds you that in the Internet age, various wealth management products emerge one after another. It is the primary purpose to spend more time researching and finding suitable financial products.