The concept of annual income of 20W is not very clear, so we can't design the corresponding investment direction for you, mainly your investment amount, how much money you plan to invest, and the annual income of 20W is the key. Besides, you should also consider your risk tolerance and corresponding investment experience. I'll give you the answer later.
According to the different life cycle, it can be divided into single period, family formation period, family growth period, children's college education period, family maturity period, retirement period and so on. At each stage, people's income, expenditure, risk tolerance and financial management objectives are different, and the focus of financial management should be different. Therefore, we need to determine our staged life and investment goals, constantly examine our asset allocation and risk tolerance, constantly adjust asset allocation, and choose the corresponding investment varieties and investment ratios.
Single period generally refers to the period from work to marriage, which is about 2-5 years. During this period, the economic income is relatively low and the expenses are relatively large, which is the accumulation period of family funds in the future. Uniqlo's suggested financial management focuses are: savings plan, asset appreciation plan, emergency fund and house purchase.
Family formation period generally refers to the period from marriage to the birth of a newborn about 1-5 years. This period is the main consumption period of families. In order to improve the quality of life, it is often necessary to spend a lot of money on family construction, such as buying some high-end supplies; Families who borrow money to buy a house also need a big expense-monthly payment. The suggested financial priorities are: house purchase, hardware purchase, savings plan and emergency fund.
The growth period of a family is from the birth of a child to college, which is generally 9- 12 years. At this stage, the number of family members is no longer increasing, but the age of family members is increasing. The biggest expenditure of families is medical care, preschool education and intellectual development. With the enhancement of children's self-care ability, parents are full of energy, have accumulated certain work experience and investment experience, and their investment ability has been greatly enhanced. The suggested financial management focuses on: children's education planning, asset appreciation management, emergency fund and special target planning.
I hope you can have a general idea of financial management after reading this. Blind investment is very dangerous.