Old fans and friends know that I never directly answer which product to choose, but I will ask him a question first-
When you go to the hospital, do you want the doctor to ask about the condition, make a diagnosis and prescribe medicine, or do you want the doctor to prescribe medicine without saying anything? Is there a doctor who can prescribe a cure for all diseases?
So is financial management. If you don't know the family's financial situation and the goal of financial management, isn't it just like a quack who prescribed medicine but didn't diagnose the patient?
Often at this time, most of my friends immediately understand what I mean. This is also the viewpoint that I have been insisting on sharing for more than ten years in financial education: make a plan first, find out the goals and needs, and then make a plan according to the symptoms.
But recently, a child in my team also raised this question. When she heard me answer the example of "seeing a doctor", she frowned and said:
"Oh, Miss Sun, what you said is too complicated. I'm single dog, and you said you should combine your financial goals. I ... I really can't think of any financial goals now. I just have some money in my hand and don't want to devalue the bank. "
Later, I thought about it. This is a very direct problem that everyone with financial awareness has encountered. Real financial planning is a very professional thing, and its concept needs to be understood step by step before it can be gradually accepted. For inexperienced friends, the threshold is indeed a bit high.
Therefore, instead of completely changing the concept at once, it is better to use a more grounded method to touch those who have no financial management and take the first step to change the status quo.
So, today I changed my mind and answered this question directly: What is the easiest way to buy wealth management products that I don't understand?
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Financial products are so complicated, how to choose?
Zhi Zhi: Teacher Sun, now everyone knows how to manage money, but they will face two problems.
First of all, the product information is too complicated and I don't know how to start; The second is that I am too lazy, because it is too complicated to understand.
Jia Er: I just want to manage money, but I can't. I don't know where to start.
Me: At what moment did you suddenly feel like you were going to manage your money? Do you see others making big money, or do you see people around you buying luxury goods? Which moment touched you?
Zhi Zhi: I just want Qian Shengqian. For example, I may invest 20,000 yuan, hoping that it can give me hundreds or even 1000 every month.
Me: Just deposit it in the bank. Do you think the income is too low? When did you think it was too low? Or what do you think is high yield?
If one day suddenly, you don't know where to hear such a view: "If you can't beat Liu Xiang, you must beat inflation, or your wealth will depreciate".
If you are so awakened, let's not talk about how to choose wealth management products, let's talk about how to make your money outperform inflation.
How does inflation come from? In fact, inflation is a good thing in most cases. It represents economic growth, but I'm afraid no one will tell you that.
The reason why there will be inflation is that the products produced by enterprises should be sold to everyone for consumption by all means. If we can sell more money, then enterprises can pay more wages and raise more people, and the whole economy will enter a positive cycle. This process is bound to be accompanied by inflation.
But how to overcome inflation in financial management, we can think about this problem like this:
Inflation is due to economic development, right?
Then as long as your money is allocated where it truly represents the direction of economic development, you can naturally beat inflation.
Bank deposits are definitely not.
Lending your deposits to enterprises by banks can really represent the direction of economic development. But the loan interest is not for you, and the interest for you is fixed.
From this perspective, what can represent economic development?
Zhi Zhi: The market.
Me: The market? Normally, it is a good enterprise. But is a good business right at your doorstep? You don't know.
Generally speaking, good companies should go public and invest, so they should buy stocks. But do you know which of the thousands of companies in the stock market is a good company? This is difficult to study thoroughly.
But we don't have to worry about this. As long as we buy the growth trend of the whole market, the economy will always grow.
Of course, are all markets bound to grow?
Some markets will definitely grow, such as China A-share market. However, in the past decade, although the A-share market has grown on average, it cannot return to the average level.
What do you mean? Under normal circumstances, if you simply start financial management, buy an index fund and make a fixed investment, this step is over, and you don't have to think about anything else.
Because the A-share index fund represents the A-share index, buying the A-share index is equivalent to optimistic about the growth trend of all listed companies in China, and the economic growth of all listed companies in China must be good.
Some people added the so-called "power of compound interest": You see, China A-shares have risen by an average of 8% every year for so many years, definitely outperforming inflation.
But TA forgot one thing. At present, A shares do not seem to have the nature of returning to the mean in our limited life financial cycle.
If it is stretched to 100 years, it may return to the average sooner or later, but it may not return in the middle 50 years and return in the remaining 50 years.
Our financial cycle is limited (generally twenty or thirty years). If I happened to vote for the whole A-share market in the decades when I didn't return to the average level, what does it matter to me how it will return after that?
A shares seem to have this feeling.
The easiest way is to look at the comprehensive index funds in major markets around the world. If you want to worry about this and fight inflation for a long time, just look at how much money you can save in a month and use this spare money to invest in these funds regularly.
The logic is simple:
If you can't identify which China company is good, buy the growth trend of the whole A-share market; If you think a country's market is not reliable, buy the growth trend of the global market.