For the poor, they need more mature financial management methods to get rid of poverty and become rich.
Here are three ways for the poor to manage their finances. If you use them skillfully, you can become rich.
Funds can be divided into money funds, bond funds and stock funds. Money fund, bond fund, stock fund. Of course, the higher the income, the higher the risk.
For the poor, consider their own principal. The initial principal threshold is too high to invest. There are also people who buy funds. Now 10 yuan has many platforms to start.
Why do we suggest that the poor start with fixed investment index funds? In fact, whether rich or poor, novice financial management should start with fixed investment index funds. Even Buffett suggested that everyone invest in index funds.
Fixed investment index funds have three advantages:
First, the index fund management fee is very cheap. We study funds and pay management fees to fund companies every year. The management fees of index funds are much cheaper than those of other active equity funds. For investment, savings is income.
Second, index funds are not subject to human interference. Generally speaking, fund managers make investment decisions and buy stocks that they think are good. Some fund managers don't have much investment experience, so they may not be able to manage the fund well and lead the people to make money. Index funds are different. It is stipulated first, and then the fund manager will adjust positions regularly according to the rules, without human intervention.
Third, index funds are evergreen funds. An index fund is basically a trend with this index. As far as the index can go, the fund can go. Suitable for investors to make fixed investment.
Many people have no money, not because they don't accept it, but because they can't control themselves. They are always impulsive consumers and become moonlight clan. Then, you can go to the bank to handle the deposit and withdrawal business, and deposit a sum of money into the bank account regularly every month, and the interest is much higher than the current interest. Monthly deposit 1000 yuan, annual deposit 12000 yuan, annual deposit 12000 yuan.
Deposit and withdrawal have two advantages.
First, you can force yourself to save money. For friends who have income but can't save money, it is perfect. Save a little every month. After a long time, it will be a lot of money.
The second is to develop a good concept of financial management. As the saying goes, if you don't manage money, money will ignore you. In our life, few people manage their cash carefully. Deposit and withdrawal can let everyone know that money can not only be earned back, but also saved.
Many people may not know that there are bond index funds. If you think that the risk of buying stock funds is too high and the lump-sum deposit and withdrawal interest rate is too low, then you can choose to buy bond index funds.
Bond index funds have two advantages:
First, the income is relatively higher than bank deposits. From 1988 to 1998, the average annual return of bond index funds is 8.9%.
Second, the risk is relatively lower than that of stock index funds. The investment principle of index funds is investment tracking benchmark index. Because we diversify our investment by keeping an eye on the bond index, the risk can be greatly reduced, which is much lower than that of the stock index fund.
Smart use can also make you rich. In practice, don't be limited to one of the above three financial management methods. You can operate according to your actual situation.
For example, young people can increase the proportion of index funds and middle-aged people can increase the proportion of bond funds. For the elderly, the risk should be minimized and the income should be deposited in the bank.
Related questions and answers: What are the three ways for the poor to manage their finances? Extension 3 All 1, Time Deposit
The investment threshold for ordinary bank time deposits in 50 yuan is quite low. Moreover, bank time deposits basically support online operation of mobile banking. For wage earners, it is very convenient not to go to outlets every time.
Time deposits are divided into lump-sum deposits and lump-sum withdrawals, among which the deposit interest rate of lump-sum deposits and lump-sum withdrawals is relatively high, and the one-year interest rate of state-owned banks can reach about 1.75%, which is much higher than the deposit interest rate of 0.35%.
2. Funds
Funds also belong to the category of ultra-low threshold investment, starting from 0. 1 yuan for monetary funds and generally starting from 10 yuan for other types of funds. Funds can be divided into many types according to the different investment targets, but even the money fund with the lowest risk has a slightly higher expected rate of return than the bank's one-year time deposit.
In addition, the fund's subscription and redemption are very flexible, generally redeemed on the same trading day, and can be received on the next trading day. However, the flexibility of the fund is also a disadvantage for investors with compulsory savings needs.
3. Personal old-age security management products
Personal old-age security management products are financial products provided by various old-age insurance companies, and the product risks are mostly low. More importantly, the starting investment threshold of this kind of wealth management products is much lower than that of bank wealth management, generally starting from 1 1,000 yuan.
Extended data
Financial management method
You need to open a corresponding wealth management account when you go to a bank or a securities company for wealth management. Generally speaking, wealth management accounts opened by banks can handle savings products, bank wealth management products and fund products, and large banks can also purchase them through the banking system. Due to the wide distribution of bank outlets, investment and wealth management accounts opened through bank channels can be handled at bank counters.
The financial accounts opened by securities companies can be used to invest in a series of investment financial instruments such as stocks (including A shares, B shares and H shares), bonds (including government bonds, corporate bonds and corporate bonds) and futures (including financial futures such as stock index futures and foreign exchange futures, and commodity futures such as gold futures and agricultural products futures). The opening of a securities account can be handled in the business department of a securities company, and it needs to be handled within the trading day.
The procedure of investing in a company is relatively convenient. Generally, you only need to provide a copy of your ID card and bank card. Investment companies will also customize exclusive financial plans for customers.