Under the dual governance situation of dealing with the global economic crisis and China's economic adjustment, how to manage finances to maintain and increase value. Ifeng.com has recently published some good articles. I have summarized them as follows to share them with you.

The primary goal of family financial management is to prevent the loss of income caused by economic depression and the shrinkage of assets caused by inflation. Investors have to prepare for a rainy day with the dual goals of capital preservation and appreciation. The so-called capital preservation is actually to avoid a large number of risks brought about by the current economic crisis, but an overly conservative strategy may make this goal come to nothing, because on the other hand, only an increase in wealth can give residents a higher ability to withstand risks, which depends on In a more active attack.

But now that the financial tsunami is unfolding, where is the safe haven in the investment market? As the ultimate commodity, the price of gold has soared by more than 100 US dollars in one month. In the international market, there are even blind purchases of gold to avoid risks. Investment moves; interest rate cuts are good for the bond market, and the stock and bond seesaw has performed well. The government bond index and the corporate bond index have strong trends last week. This traditional capital haven continues to be hot as the financial crisis intensifies; bond funds benefit from the hot bond market, The income ranks among the top ten in the fund list, thus attracting market attention. Last week, Southern Hengyuan Capital Guaranteed Fund was launched, which once again attracted people's attention to capital guaranteed funds. Although the stock market is full of disasters, low-priced stocks and reasonable defensive allocations are still there. Opportunities to pan for gold, but remember: bring your microscope and telescope.

In short, if investors want to minimize the negative impact of this round of economic adjustment, it is key to achieve a balance between capital preservation and value appreciation. To achieve this balance, we naturally need to pay attention to the basic methods we currently use to achieve financial management. We need to examine how these financial management methods or combinations of financial management methods meet our financial management goals.

Investment products

Allocate a small amount of stocks

Currently, futures and other products have not entered the homes of ordinary people because of the high threshold and high risks, while insurance is more than enough to defend and make people rich. limited. Due to the bull market since 2006, stocks, funds and related financial management products have become the most important financial management methods. Therefore, understanding the benefits and risks of these financial management methods should be the basis for successfully achieving current financial management goals.

Allocating a small amount of stocks is conducive to achieving value-added purposes and can become one of the means of financial management portfolio. For families who are worried that they will not have time to take care of it and want to invest in the long term, it is also a better choice to exchange stocks into high-quality partial stock funds.

New Capital Guaranteed Fund

The central bank cut interest rates and reserves for the first time under the mission of "maintaining growth", which brought about a bull market in the bond market, and another interest rate cut in October made investors It is believed that China's economy will be on the path of interest rate cuts, and the bond market will also usher in a sustained bull market. Therefore, under the expectation of a bullish bond market, investors can pay more attention to bonds, especially the current newly issued long-term bonds that deserve special attention.

However, it should be noted that it is not easy to buy bonds in the primary market, so many investors often want to participate in bond transactions in the secondary market. In the author's opinion, this is a risky financial management behavior. . In the current environment of insufficient supply in the bond market, it is not easy to buy bonds in the primary market. Therefore, for investors who want to invest in the secondary market, as well as investors with less capital, buying bond funds is a better choice.

Generally speaking, as a compound financial management tool, funds often cover the income characteristics of stocks, bonds, deposits and other means, and can become the main tool for family financial management and play a main role.

Gold

A profit-seeking variety for experienced players. For the majority of small and medium-sized investors, investing in physical gold and paper gold is the first choice. Physical gold includes gold coins, gold jewelry and gold bars. Similarly, investors can also handle paper gold business through banks, including Bank of China's "Huanghuangbao", Industrial and Commercial Bank of China's "Gold Expert" and China Construction Bank's "Account Gold".

If investors are usually very busy at work and have little free time to manage finances, and it is inconvenient to store physical gold, the advantage of gold-linked bank financial products is that financial experts operate it on your behalf, with less risk. The principal is guaranteed; the disadvantage is that the rate of return is capped. On the contrary, gold futures is also a good investment choice for investors with certain financial strength, risk tolerance, and certain futures knowledge.

Bonds

Stable investors’ favorite

There are many types of investment in the bond market. Currently, the main types of investment include certificate-type treasury bonds and accounting bonds. treasury bonds and exchange corporate bonds, etc. Exchange corporate bonds (including corporate bonds) have been a hot investment spot in the market recently.

When investing in the bond market, we must be good at catching hot spots, which is the same as investing in stocks. Corporate bonds among corporate bonds are undoubtedly the hot spot in the market recently. When investors choose corporate bonds, they must first grasp the timing of buying. When the price of corporate bonds fluctuates, they can calculate the reasonable valuation range of the bond based on the bond's term, coupon rate, market interest rate, etc. Choose the opportunity to buy when it enters a reasonable valuation range.

How to operate

Buffett said there are three secrets to success. First, try to avoid risks and preserve principal; second, try to avoid risks and preserve principal; third, be determined. Remember the first two!

Three ways to protect capital

Method 1: Deposit in bank regularly

Risk level: no risk

New round of interest rate cut cycle It has arrived! In this context, regular deposits in banks have undoubtedly become an ideal way to maintain capital and manage finances. The central bank has adjusted interest rates this time. Even the one-year deposit interest rate is currently 3.87%, which is higher than the return of money market funds and better than stock or equity funds. If the market is going to cut interest rates five times next year as Morgan Stanley predicts, wouldn't it be a big profit to save for three years now?

Method 2: Monetary Funds

The market situation is not good. Monetary funds, which were neglected in the bull market last year, have returned to the attention of investors. Statistics show that the current yield of money funds is around 4% a year.

Method 3: Buy bonds

Analysts said that with the central bank officially announcing an interest rate cut and lowering the deposit reserve ratio last week, China’s entry into an interest rate cutting cycle is becoming a reality, and investment in bonds The value will gradually become apparent. However, due to the sharp rise in recent days, the yields of many corporate bonds have dropped significantly, and the risks are gradually increasing. As of last Friday, the investment yield of the 8-year 08 Xinhu Bond (122009) was 5.19%, and the yield of the 5-year 08 Kangmei Bond (126015) was 4.61%.

After the interest rate cut last week, the 5-year time deposit interest rate was 5.58%. Therefore, it is recommended that investors stay on the sidelines, actively pay attention to new bond issuances, and buy on dips.

4. Buying stocks with pain

Theoretical basis of "buying with pain": Buffett said to be fearful when others are greedy and greedy when others are fearful!

The main tone of stock investment is defense: defensive industries

Everyone on earth knows that making money in the stock market is really "difficult to make money". For investors who still "stick to their posts", they have to use a "microscope" to pick stocks and find gold. At present, low-priced stocks and defensive allocation strategies are also one of the means of hedging funds.

Defensive allocation: infrastructure + consumer staples

For the asset allocation strategy of stocks, Haitong Securities recommends that the first category of preferred consumer staples industries includes commercial trade, food and beverages, pharmaceuticals and biology. , media and tourism, public utilities, highways, ports and airports, etc., as well as industries with continued growth in industrial prosperity such as railway equipment, electrical equipment and communication operation equipment manufacturing; the second category can be subdivided into policies to improve economic fundamentals such as interest rate cuts, Industries that have benefited from monetary policies such as loosening credit and fiscal policies such as tax cuts and expanded investment, as well as beneficiaries of non-value-based bailout policies such as direct entry into the market to increase holdings or repurchase sectors, and beneficiaries of measures to improve market systems such as the brokerage sector.

Two ways to build a position in batches

Method 1: Inverted pyramid method

The so-called "inverted pyramid" method means that investors will prepare all the positions to be invested. The principal is divided into several parts. After buying the chips for the first time, if the stock price continues to fall, then the chips that are multiples of the first time will be bought for the second time, and so on, and the third time can be carried out all the way down. , doubled the purchase for the fourth time, increased the shareholding ratio, and reduced the total average cost. This is like an "inverted pyramid". You don't buy much at first, and the lower you go, the more you buy. This can lower the overall subscription cost. For example, if an investor is optimistic about a certain stock, he buys 500 shares at a price of 20 yuan per share, but then the stock price drops to 18 yuan, and he buys another 1,000 shares. When the stock price drops to 16 yuan, if he still If you are optimistic about this stock, you can add another 1,500 shares. In this way, the cost is lowered to 17.3 yuan, and once the stock price rebounds to this price, a profit will be realized.

Method 2: Stock fixed investment

Stock fixed investment is similar to fund fixed investment, that is, buying at fixed intervals (for example, the 1st of every month) with a fixed amount (for example, 10,000 yuan) The biggest advantage of investing in the same promising stock is the average investment cost and avoiding risks.

Of course, if there are no good stocks but you agree with the current position, the best way is to invest in index funds. From now on, you can make money as long as the index rises, eliminating the trouble of stock selection.