At present, there are no signs of active compromise between China and the United States, or the stakes are not big enough. According to the long-term nature and complexity of the evolution and escalation of Sino-US trade war, the unemployment rate of the whole society may rise, and the export orientation of China's economy will be completely transformed into domestic consumption upgrading.
After the financial crisis in 2008, China adopted a 4 trillion stimulus plan, so it released a lot of money at that time, which may be very necessary at that time, but it also caused the rapid expansion of production capacity and soaring real estate prices. The United States has also adopted quantitative easing policy, and the American stock market has also gone a long way. China people's greatest wealth is in the property market, while Americans' greatest wealth is in the stock market.
Then how can we defend our personal wealth?
The Sino-US trade war has brought great uncertainty. A gentleman does not stand under a dangerous wall, so we must make proper arrangements for our future:
1.40% of the wealth should be put on personal pension, children's education and wealth inheritance.
We can put most of our wealth in large deposits, national debt, capital preservation and financial management to ensure that we don't swim naked when the crisis comes. This part of wealth is like a piggy bank, so don't take it out easily. This is the bottom line of family financial security.
In addition, as far as possible within the legal framework, do a good job in isolating personal liabilities or corporate liabilities from family assets, ensure that personal and corporate liabilities will not affect the family's economic situation, and let families enjoy the quality of life they deserve without worry.
2. Provide medical insurance, personal insurance, critical illness insurance and accident insurance for yourself and your family.
The most uncontrollable things in life are accidents and diseases, which threaten the whole process of life like ghosts. Because of accidents or diseases, families fall into poverty, which is the misfortune of life and the sorrow of families.
Social insurance is a low level of protection, and families with conditions must be equipped with commercial insurance with higher insurance coverage. The amount of insurance can be seen according to a person's income and expenditure.
3. Appropriately increase investment in education.
Appropriately increase some investment in education and reserve some skills and knowledge for uncertain changes in the future.
The current business structure is a tree structure model, that is, individuals can only develop well within the organization, and they will become useless without the organization.
In the future, the whole business structure may evolve into a personal+platform model, and everyone may become the cell body of entrepreneurship, so knowledge and skills become particularly important. In the Internet age, we should take the initiative to embrace change!
4, to spend money on the cutting edge, ready to bargain-hunting funds.
Sino-US trade war has both challenges and opportunities. As long as China keeps forging ahead, intensifies reform and innovation, the economy continues to develop, the stock market falls, and commodity prices fall, which are all rare opportunities for us.
But the real estate price is not completely determined by the market, and it is not within this range. If we want to prevent the crisis, we can sell some investment houses, hold cash and wait for investment opportunities in other fields.
Economic development is cyclical. This year, the state is consciously de-leveraging the economy: actively squeezing out bubbles in the economy, reducing the debt ratio of enterprises, and allowing enterprises with overcapacity to actively regulate or even eliminate them. When the economy recovers and prospers, they will buy oversold goods, but don't short them in the current situation.
Luoyang peony blossoms
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