Wealth management has always been used to organize the financial activities of enterprises. In recent years, with the rise of the middle class, family fortune management has been put forward more and more.
In the wealth management market, there are many talents and various wealth plans emerge one after another. In my opinion, neither pure investment nor pure insurance planning can be called financial planning and wealth management. If the fund is responsible for attacking, providing ammunition and insurance is responsible for defending, then both are indispensable.
From the perspective of family needs, funds can basically be divided into three parts to achieve three basic functions.
The first part of the money is to build a "firewall" for the family.
This function can only be realized by insurance. Among many financial instruments, none can match the defense function of insurance.
Why insurance?
It's very simple. The payment period of savings life insurance is 20-30 years, so you can use small funds to leverage big protection. Consumer accident insurance can turn uncertain big risk losses into certain small financial costs.
Insurance should first consider accident protection, because accidents are the most unpredictable and sudden, and the consequences of accidents are often irreversible and have a devastating impact on families. Accidents can be said to be everywhere and should be protected most. The occurrence of risk accidents will cause direct losses or indirect losses.
For example, accidental disability will not only lead to treatment costs, but also affect future income. There is a word in insurance called "at your own risk". Therefore, the allocation of insurance should combine three categories, major illness, accidental death and consumption. Critical illness insurance adopts savings type, and the other two types are configured as consumption type. The insured amount is 654.38+00,000. If you have the strength, the more the better.
Take a 35-year-old man as an example. He has been married for 20 years. Assume that the insurance coverage corresponding to the above types of insurance is 1 10,000+1 10,000+3 million respectively, and the total annual payment does not exceed 30,000. In this way, the firewall of a middle-class family is firmly established.
The second part of the funds should play the role of "reservoir".
On the one hand, it can meet the daily liquidity needs of families, on the other hand, it can provide stable cash support for "firewall" and subsequent capital appreciation. This part of the funds is allocated to fixed-income wealth management products, the target content is the transfer of creditor's rights or beneficial rights, and the product forms can be trusts, asset management plans, contractual funds and online loan products.
According to the market in the last three months, there is a high probability that the annualized income will be realized between 8-9%. The income is basically once every six months, and the principal and interest are repaid throughout the year.
How big will this reservoir be built? Every family is different.
In the Pearl River Delta region, the reservoir capacity of 40,000-50,000 will be more pleasant. This means that the reservoir can provide about 450,000 yuan of liquidity support for families every year. It is equivalent to the annual salary of two adults. In other words, even if I don't work, the annual cash flow generated by family financial management can ensure that family life can be maintained at a normal level.
If I'm still working and I'm paying for my daily expenses at home, the cash flow generated by the reservoir will come in handy. Either increase the insured amount of family members, or continue to invest in reservoir expansion, or invest in floating income products as a "weapon" for capital attack.
The third part of funds is an offensive "weapon" aimed at capital appreciation.
This part of the funds is allocated to floating income wealth management products, stocks, trusts, stock funds and other targets. Under the market economy, different financing subjects have different credit ratings, which forms a differentiated and hierarchical market interest rate level.
Every level of the financial biological chain, looking up at the financing format with higher risk level, will feel that the risk is too great. P2P practitioners believe that the monthly interest rate 10% of private usury is too high; Bankers think that the annual interest rate of trust and asset plan products is as high as 12%, which is too unreliable.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.