Both my parents are in their 70s. In their early years, they worked for a local state-owned listed company. The company's profits were very good, so the benefits were good. The children's major expenses, such as buying a house and a car, were not covered by the plan. is strongly supported. When you retire, you have your own pension and insurance, and your health is not bad. Generally speaking, the two elders take care of the family's money themselves, and the mother, who has the most financial power, never takes care of it, so naturally the family's money is taken care of by the father. Come take care of it. The origin of this article was initiated by my mother.

My father is an honest engineering man who has worked with large engines all his life. He is stable and rigorous. Financially, he is definitely a risk-averse person, and fixed-term deposits are basically his only way to manage money. I have never purchased any bank financial products. I often happily say that I deposited money in a certain bank and received rice and oil as gifts. Yes, my father is such a person. He can be called an excellent father. He has been thrifty and careful throughout his life. He has given me and my sister the best living conditions he can.

What impressed me most about financial management was that when I bought a house, I felt that the interest rate was very high, so I paid it all in one lump sum. And I often sighed when I didn’t know my family’s financial situation. I would also joke with my dad that if you look at the money at that time, if you had a mortgage, you could just buy two houses. He always said, that's enough, why do you need so much?

Not being greedy is the most important lesson the old man taught me in finance.

Besides, because I work in real estate, there are often projects developed by the company. Are there any discounts for employees? After many colleagues bought it, they resold it soon after making a small profit. And my father’s attitude is that it’s not like he has no money to eat, and selling the house is unlucky and he will faint. But because of this persistence, in the hands of my father, a man who only knows how to make regular payments, our family's wealth has enjoyed the dividends of national development, and has been able to maintain and increase its value to the maximum extent.

Learn to reject short-term temptations and learn to persist. Maybe this persistence is unconscious, but for me, this unconscious and subtle influence is the most valuable teaching in my life.

So after retirement, my father, who is in charge of financial power, has a daily job of buying vegetables and cooking every day, and collecting the rent every month when it comes due, while my mother is happy to just let go and plant vegetables and dance every day. Square dancing and being picky about her father's meals have become her daily routine.

Although, I know that the only way for the two elders to manage money is to go to the bank to save money. The income is low, but it is stable and safe. Therefore, I never take the initiative to ask for help with financial management and investment. The origin is that my family and friends asked me to help them arrange financial management, which aroused my mother's curiosity. She said that she had some spare money on her social security card and could help her get it. The best income would be enough for her to buy a few clothes every year. Now, shopping and buying clothes is her biggest hobby. Haha, it seems that this is regardless of age~~~

There is no way not to pay attention to my mother's request. According to the general steps, I will basically adopt the strategy of rebalancing stocks and bonds for allocation.

Many people will also say that asset allocation is not something only wealthy people should pay attention to. Do I need so much money?

In fact, I often say that as long as you invest and hope to stay in the market for a long time and obtain long-term benefits, you need to allocate assets, and you can allocate as little as 10,000 yuan.

Especially for middle-aged and elderly people, I usually adopt a prudent allocation, that is, 50% of stock assets and 50% of bond assets. 50:50 equity bond rebalancing.

It is a very simple, very old, and effective asset allocation model.

To put it simply, stocks and bonds are initially allocated 50% each, and a value is set for the deviation. After the value is triggered, rebalancing is performed.

For example, if the value you set is 20%, then when the stock market rises and the proportion of stock assets reaches 60% of the total position, you will sell stock assets and buy bonds. assets, causing the allocation ratio of stocks and bond assets to return to 50%:50%.

When the stock market falls, the same operation is done, but in the opposite direction. At that time, stocks should be bought and bonds sold.

At that time, my mother’s social security card only had more than 16,000 yuan. My father waved his hand and said let’s give it a round number of 30,000. When my mother saw how happy my father was, she said no, just 20,000, haha... ....

Considering that this is spare money and the amount is not large, I hope to lower the proportion of bonds and increase the proportion of stock assets slightly.

When allocating the bond asset ratio, there is also a commonly used reference formula, that is, bond ratio = (100-age), that is,

If you are a young person who is just 25 years old. If you have just started working, the bond asset ratio = 100-25 = 75%;

If you are a middle-aged person who is 45 years old and have just started working, the bond asset ratio = 100-45 = 55%;

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If you are an elderly person who has just started working at the age of 70, the bond asset ratio = 100-70 = 30%;

You can also make slight adjustments according to your own risk preferences.

Because I know that my mother has a strong risk tolerance and the investment amount is not large. In addition, this is also to earn pocket money to buy clothes, so in the shopping fund portfolio for my mother, I put bonds The asset: stock asset ratio is adjusted to 40%: 60%, that is, 40% bonds and 60% stocks. The specific funds are as follows:

Bond assets:

Xingquan Wentai: 20%, 4,000 yuan;

China Merchants Industrial Bonds: 20%, 4,000 yuan;< /p>

Stock assets:

China-Europe Pioneer: 20%, 4,000 yuan;

Xingquan Selection: 20%, 4,000 yuan;

E Fund small and medium-cap: 20%, 4,000 yuan;

Among the bond assets, I chose Xingquan Wentai, which has more flexible redemptions, and China Merchants Industrial Bonds, which have relatively stable returns. Their annualized returns Basically around 6%.

The stock assets are mainly active stock funds China Europe Vanguard and Xingquan Select, while E Fund's small and medium-cap stocks are used to strengthen the offensive and play the role of satellite assets. For stocks, the annualized return is basically around 20%.

The debt base is purchased at one time, and the stock assets are purchased through fixed investment. The overall portfolio return is more than 10% annualized.

If it reaches 10%, that is, if my mother has 2,000 yuan a year, she can buy a few more clothes, which basically achieves the purpose of financial management. If it is not enough, I will pay for it, haha... .Also talk about the "capital-guaranteed investment portfolio"

My mother's "shopping fund" portfolio actually reminds me of the financial management habits of many elders. They have little experience in financial management and investment, but they often hear Most of the financial scams are like my dad, who only dare to deposit money in the bank. Safety and stability are the most important factors. They never dare to put funds, especially money for retirement and life support, in stocks, because it is very difficult. It is easy to cause loss of principal. So is there a strategy that is a "capital-protected investment portfolio" that can enjoy higher returns than ordinary fixed deposits, or even fixed income from financial products and bonds, but will not be affected by market fluctuations?

Here you can also use the bond-stock rebalancing strategy to introduce it to everyone:

Allocate more than 90% of bond funds, or financial management products + 10% stock funds

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If you manage finances, the income from bonds is 5% annualized income. Stock funds can increase by more than 30% when they rise, and within -20% when they fall. Assuming you have 500,000 funds,

Minimum: 500,000*90%*5+50*10%*(-20%)=12,500,

Highest: 500,000 *90%*5+50*10%* (30%) = 37,500;

From the perspective of this model combination, a 20% drop is still a positive return. From a long-term graph, it is an upward trend. slash.

This strategy can also be called a simple "absolute return" strategy. This kind of return is much better than long-term bank deposits.

My mother once asked me to help her manage her stock account, but the ups and downs of the stock market in the past 20 years have made me forget her account password. There are many types of funds currently. Judging from this year’s situation, my fund income is much greater than that of stocks. The fund types are rich, and they do not take up time. There is no need to monitor the market. Currently, many fund APPs have also added family accounts, which can be easily switched. My mother and I’s accounts make financial management more convenient for our family, and fund financial investment has become the most important financial management channel for our family.