How to maintain and increase the value of financial management under the dual governance of coping with the global economic crisis and China's economic adjustment. Recently, the articles on Phoenix.com are good. I'll sort them out and share them with you. The primary goal of family financial management is to prevent income reduction caused by economic depression and asset shrinkage caused by inflation. Investors have to plan ahead under the dual goal of capital preservation and appreciation. The so-called capital preservation is actually to avoid a lot of risks brought by the current economic crisis, but an overly conservative strategy may make this goal disappear, because on the other hand, only the increase of wealth can make residents have a higher ability to resist risks, and this ability depends on a more active attack. But now that the financial tsunami has rolled up, where is the safe haven of the investment market? As the ultimate commodity, the price of gold soared by more than 1000 USD in one month, and the international market even made an investment move of blindly buying gold to avoid risks. The interest rate cut is good for the bond market, and the stock bond seesaw performance is obvious. Last week, the government bond index and the corporate bond index performed strongly. This traditional safe haven of funds continues to be popular with the intensification of the financial crisis; Bond funds have benefited from the fiery bond market, and their income occupies the top ten of the fund list, which has attracted much attention from the market. Last week, the Southern Hengyuan Capital Protection Fund was put on sale, which once again attracted people's attention to the capital protection fund. Although the stock market is full of sorrow, low-priced stocks and reasonable defensive allocation still have a chance to find 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 the key to strike a balance between capital preservation and appreciation. To achieve this balance, it is natural to pay attention to what are the basic means to achieve financial management at present, and we need to examine how these financial management means or the combination of financial management means meet our financial management goals. A small number of investment products are allocated to stocks in the current futures. Because of the high threshold and high risk, they did not enter the homes of ordinary people, but insurance has many defenses and limited wealth. Because of the bull market since 2006, stocks, funds and related financial products have become the most important financial management means, so understanding the benefits and risks of these financial management means should be the basis for successfully achieving the current financial management goals. A small amount of stock allocation is conducive to the realization of value-added purposes and can be used as one of the means of financial portfolio. For families who are worried that they don't have time to take care of themselves and want to invest for a long time, it is also a better choice to change their stocks into excellent partial stock funds. Under the task of "ensuring growth", the newly issued capital preservation fund central bank cut interest rates and lowered the RRR for the first time, which brought about a bull market in the bond market. The further interest rate cut in June 5438+ 10 convinced investors that China's economy will be in the channel of interest rate cut at present, and the bond market will also usher in a sustained bull market. Therefore, under the expectation that the bond market is bullish, investors can pay more attention to bonds, especially the newly issued long-term bonds 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 trading in the secondary market. In my opinion, this is a risky financial management behavior. It is not easy to buy bonds in the primary market in the current environment of insufficient supply in the bond market. Therefore, for investors who want to invest in the secondary market and investors with less funds, buying bond funds is a better choice. Generally speaking, as a complex financial management method, fund often covers the income characteristics of stocks, bonds and deposits, and can become the main tool and play a major role in family financial management. For the profit-seeking varieties of senior gold players, investing in physical gold and paper gold is the first choice for small and medium investors. Physical gold includes gold coins, gold ornaments and gold bars. Similarly, investors can also handle paper gold business through banks, including Huang Jinbao of China Bank, Goldsmith of China Industrial and Commercial Bank, and account fund of China Construction Bank. If investors are busy at ordinary times and have little spare time for financial management, it is not convenient to deposit their investments in physical gold, then the advantages of bank financial products linked to gold are that financial experts operate on your behalf, with less risk and guaranteed principal; The disadvantage is that there is an upper limit on the rate of return. On the contrary, gold futures is also a good investment choice for investors with certain financial strength and risk tolerance and certain futures knowledge. There are many kinds of bond market investments that prudent investors like best. At present, the main types of investment are voucher-type treasury bonds, book-entry treasury bonds and exchange corporate bonds. Exchange corporate bonds (including corporate bonds) are a hot investment spot in the recent market. Investing in the bond market, we should be good at catching hot spots, which is the same as investing in stocks. Corporate bonds among corporate bonds are undoubtedly a hot spot in the recent market. When investors choose corporate bonds, they must first seize the opportunity to buy them. When the price of corporate bonds fluctuates, they can calculate the reasonable valuation range of bonds according to the maturity, coupon rate and market interest rate, and buy them when the bonds enter the reasonable valuation range. Operation method Buffett said that there are three secrets to success. First, try to avoid risks and keep the principal; Second, try to avoid risks and keep the principal; Third, remember the first two! There are three ways to protect capital and manage money: the degree of regular risk in the deposit bank: a new risk-free interest rate reduction cycle has arrived! In this context, bank time deposit has undoubtedly become an ideal way to protect capital and manage finances. The central bank adjusted the interest rate this time, and even the one-year deposit interest rate is currently 3.87%, which is higher than the money market fund and stronger than the partial stock or equity fund. If the market really cuts interest rates five times next year as Morgan Stanley expected, wouldn't it be a big profit to deposit for three years on a regular basis? Method 2: the money fund market is not good, and the money fund that was left out in the bull market last year has returned to the investors' field of vision. Statistics show that the current rate of return of money funds is around 4% a year. Method 3: Buy bonds. Analysts said that with the central bank's official announcement of interest rate cut and reduction of the deposit reserve ratio last week, it is becoming a reality for China to enter the interest rate cut cycle, and the investment value of bonds will gradually become prominent. However, due to the recent skyrocketing, many corporate bond yields have fallen sharply and the risks are gradually increasing. As of last Friday, the investment yield of 8-year 08 Xinhu Bond (122009) was 5. 19%, and the yield of 5-year 08 Kangmei Bond (1260 15) was 4.6 1%. After last week's interest rate cut, the interest rate of five-year time deposit was 5.58%. Therefore, investors are advised to stay put, actively pay attention to the issuance of new bonds and buy on dips. Fourth, the stock reluctantly buys the theoretical basis of "reluctantly buying": Buffett said that when others are greedy, when they are greedy, when others are afraid! Stock investment is mainly defensive: everyone in the defensive industry knows that it is really difficult to make money in the stock market now. For investors who are still "sticking to their posts", they have to pick stocks for gold with a "microscope". At present, low-priced stocks and defensive allocation strategies are also one of the means of hedge funds. National defense allocation: infrastructure+daily necessities For the stock asset allocation strategy, Haitong Securities suggested that the first category of daily necessities industries should be preferred, including commercial trade, food and beverage, medicine and biology, media tourism, public utilities, highways, ports and airports, and industries with sustained growth in industry prosperity, such as railway equipment, electrical equipment, and communication operation equipment manufacturing; The second category can be subdivided into industries that benefit from policies to improve economic fundamentals, such as monetary policies such as interest rate reduction and credit relaxation, fiscal policies such as tax reduction and investment expansion, and non-value rescue policies such as direct entry into the market to increase holdings or repurchase, as well as market system improvement measures, such as brokerage sector. There are two ways to open positions in batches: inverted pyramid method The so-called "inverted pyramid method" means that investors divide all the principal to be invested into several parts. After buying chips for the first time, if the share price of this stock continues to fall, they will buy chips with the first multiple for the second time, and so on, so that they can double their purchases all the way down for the third and fourth times, improve the shareholding ratio and reduce the total average cost. It's like an inverted pyramid. Not buying much at first, buying more and more, can reduce the overall subscription cost. For example, suppose an investor is bullish on a stock. He bought 500 shares at the price of 20 yuan per share, but then the share price fell to 18 yuan, and he bought 1 1,000 shares. When the stock price falls to 16 yuan, if he is still bullish on the stock, he can increase his position by 1500 shares. In this way, the cost will be reduced to 17.3 yuan, and once the stock price rebounds to this price, it will be profitable. Method 2: Fixed investment in stocks is similar to fixed investment in funds, that is, you buy the same optimistic stocks at a fixed amount (for example, per month 1 day). Its biggest advantage is the average investment cost and risk avoidance. Of course, if you don't have good stocks but agree with your current position, the best way is to invest in index funds. In the future, as long as the index goes up, you can make money, saving the trouble of stock selection.