● Don't touch the three channels of financial management for the time being. "If you don't want to hold a stock for ten years, don't hold it for ten minutes." In the context of the global financial crisis, tasting Warren Buffett's investment proverbs is like warning everyone-if you don't want to invest for a long time, you'd better not open a position at this time. According to Ye Zhichao, senior investment consultant of CITIC Bank Fortune Center, citizens have to bid farewell to the three common investment and wealth management channels before in order to cope with the global financial crisis. First, they must never invest in overseas wealth management markets. Secondly, the financial crisis will inevitably lead to violent fluctuations in foreign currency exchange rates, so there is no need to exchange foreign currencies frequently in the near future. Third, it is best not to touch foreign exchange deposits, stocks, futures and other investment products in the near future. Ye Zhichao said that at present, in the interest rate cut channel, we can choose two relatively stable financial management methods, one is bond financial products, and the other is the latest stable financial management products launched by banks. Ye Zhichao believes that in the current market environment, citizens must grasp the principle of "stability, quickness and simplicity" when choosing financial products. Seeking stability means not touching risky products; To be quick is to invest only in products that can quickly see the benefits; Seeking short is to invest only in wealth management products with very short term. ● Long-term speculation in foreign exchange, as an individual investor, still optimistic about the US dollar. How to choose the corresponding financial investment strategy in the turbulent market? "When managing money, citizens must take actions according to the situation," said Liao Liang, an investment consultant at the Wealth Management Center of Bank of China Chongqing Branch. First of all, look at the choice of foreign currency. Since mid-July, the exchange rates of the euro, the pound, the Australian dollar and the Canadian dollar have all fallen sharply to varying degrees against the US dollar, reaching 16.8%, 16.42%, 35.9% and 2 1% respectively, and the exchange rate against the RMB has also fallen sharply accordingly. Liao Liang believes that there are three main reasons for the sharp drop in foreign currency in the international market: First, the decline in commodity prices; Second, the financial crisis in the United States caused financial institutions to be unwilling to lend to each other. Although the relevant parties are desperately injecting capital, the liquidity is seriously exhausted; Third, the financial crisis has spread from the United States to other economies. At the same time, Europe has also experienced economic recession and falling house prices. According to Liao Liang's analysis, judging from the long-term historical changes of the US dollar exchange rate, the depreciation cycle is usually seven years, such as 1985 to 1992 and 200 1. Therefore, from the historical cycle, the US dollar may gradually strengthen, and the 1 year NDF also shows that the US dollar will appreciate against the RMB in the future. However, due to the recent rapid rise of the US dollar, Liao Liang suggested that although the yen strengthened against the market due to risk aversion, its interest rate was too low and unattractive. Foreign currency funds within three months to six months can choose Australian dollar wealth management products to fully enjoy their high returns; However, it is better to use US dollars for foreign currencies with longer maturities. Experts are also confused ● Gold experts are also confused. In the past, whenever there was a crisis and the economic outlook was uncertain, gold was favored by investors because of its function of maintaining value. However, during the global financial turmoil this year, gold prices often jumped up and down, leaving investors at a loss. This confusion is also reflected in the speeches of professional researchers. Zhou, who works in the municipal electric power company, still remembers buying gold coins at the beginning of the year: in March, stocks and funds fell sharply, and he finally bought the "Olympic First Group" with his friends. However, when I held it in my hand, the market price of this group of gold and silver coins dropped from 24,000 yuan to 1.6 million yuan. "I went to Zhongxing Road to inquire about it at the weekend, and it was 1.5 million yuan." The reporter went to the bank and asked the gold analyst. Many experts who dared to make a clear statement in the past also said that it is difficult to draw a conclusion about the direction of gold prices. However, experts agree that the plunge of precious metals such as gold last week shows that even if it is one of the most powerful weapons to resist risks, it is difficult for gold to "be immune" when the commodity market enters a bear market. Reporter Liu Haiyan: Fast cash flow is king ● Fast entrepreneurial cash flow is king. For entrepreneurs with little investment, how should they choose entrepreneurial projects to deal with the financial turmoil? The reporter interviewed some entrepreneurs and economists such as Pan, chairman of Dezhuang Group and doctor of economics of Southwest University, and summed up some experiences. First of all, among all kinds of industry choices, we should choose industries with fast cash flow. When the economy is depressed, the arrears of payment are very serious. If you choose an industry with slow cash flow, the newly established small enterprises will be dragged down carelessly, and sufficient cash flow can at least ensure their survival. Catering, dry cleaning, car washing and other industries are all industries with fast cash flow. Secondly, we should do the traditional mass consumption industry. At any time, whether it is economic boom or recession, the basic consumer market is the most reliable. Consumption is divided into mass consumption and luxury consumption. For example, Starbucks is a leisure consumption, so be cautious when joining now. Similarly, investment in tourism, automobile and other industries should be cautious. For the IT industry that "winters" ahead of time, everyone suggests that we must be cautious now. (Reporter Li Qi Intern Zhao Ling) Never buy blindly ● Never buy collectibles blindly. "You must be cautious when buying collections now" ... Wang Yonggang, president of Chongqing Collection Association, recently reminded friends to pay attention to the current financial crisis when giving a collection lecture. Wang Yonggang said that the stock market plummeted and the money in many people's accounts evaporated. Some people who used to like to pursue culture stopped collecting, and many antique dealers had no income for half a year. Wang Yonggang said that collectors in our city are divided into three levels. The first floor is business owners with a net worth of over 100 million yuan, the second floor is white-collar workers with an annual income of about 65.438+0 million yuan, and the third floor is wage earners. "Different levels have different coping strategies to deal with the financial crisis," Wang Yonggang said, which is a good opportunity for first-class and second-class collectors. For the third kind of collectors, the spare money on hand often needs to support the family. Because the current collectible market is relatively depressed, it is definitely difficult to appreciate in a short time after buying collectibles, and it is even more difficult to realize it. So it's better to be cautious. For those who want to find out, Wang Yonggang warned that three fatal factors must be paid attention to when choosing a collection-global recognition; Authentic; The real thing in the original. Only three elements are complete, and you won't lose money if you buy them. Wang Yonggang reminded that when citizens plan to buy collectibles, they can ask collection experts to identify the goods they are not sure about, so as to avoid buying a pile of waste products with hard-earned money.