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First of all, why sort? In a word, we can reduce the financial risk and ensure the safety of family assets through different financial management methods. Generally speaking, there are two kinds of family assets: liquid and long-term, and financial management choices are different. Liquidity funds are suitable for investing in short-term wealth management products, such as money funds and Yisheng Fortune Mountain Jixin. The former's 7-day historical expected annualized expected rate of return is around 4%, and funds are readily available; The historical expected annualized expected rate of return of the latter is about 8%, and the investment cycle is 3 months. Expected annualized expected return is considerable and liquidity is good, which is more suitable for short-term investment.
For the funds held by the family for a long time, the financial planner suggested that it can be divided into two investments. Some assets are used to allocate fixed assets, such as gold. Its main purpose is to preserve the value of family assets, and this part of investment should not be too high; The other part of the assets is used to buy wealth management products, with the aim of making family assets appreciate. Now the expected annualized expected income of wealth management products is actually much higher than the investment in products such as gold. In addition, in order to control the risk of family financial management, we should adopt a prudent financial management strategy and choose financial products with moderate expected annualized income and low risk.
Careful selection
The most common misunderstanding in family financial management is that asset allocation is completely equivalent to diversification, so many families blindly diversify their investments and choose a lot of wealth management products aimlessly, resulting in a situation that the tail is too big to fail, which ultimately neither reduces the risk nor improves the expected annualized expected income. Asset allocation is actually an optimal combination of assets. It is based on the market rules, the characteristics of wealth management products, and combined with its own financial situation to make appropriate investment strategies. Family financial management should not only be sorted out, but also be carefully selected, and those financial products with high expected annualized income and controllable risks should be carefully selected, focusing on investment.
Financial planners also found that most people ignore the physical examination of family wealth, ignore family financial status and risk tolerance, and blindly choose wealth management products. This is the main reason why many families fail in financial management. You know, family financial management strategy is the best only if it is suitable.