If the personal professional knowledge is poor, you can choose fixed-income products such as funds, bonds, notice deposits, bank certificates of deposit, and trusts. These products are characterized by relatively fixed income and relatively low risk coefficient.
Even if the personal professional knowledge is very strong, choose trading products such as stocks, futures, foreign exchange and gold as financial management. These products are highly speculative, highly volatile, with high risk coefficient, high income uncertainty, and may even lose all their money.
Therefore, money can't be put in a basket, and high-risk investments can be done according to one's ability.
A current deposit should be kept in the bank for a rainy day.
Wealth management products also need to be available and carefully selected.
Annuities, life-extending insurance products, long-term investment and stable cash flow are needed, because insurance is the most stable and there is almost no need to worry about bankruptcy, but the annual interest rate is also decreasing from 4.025 to 3.5 in recent years. There may be less in the future, so start early if you want to save.
Finally, talk about buying a house. 1100,000 cash can't afford to buy a house at the current price in a first-tier city, and it will also carry huge loans. When investors choose the real estate market, if they just need to live in their own homes, it is definitely worth investing. After all, if they just need to invest, they will not care too much about short-term ups and downs. Even if house prices fall in the future, they will still live in their own houses, which will have little impact on their personal lives. The rise and fall of house prices is mainly for people who buy and sell houses. You only have one house in your life. Unless you want to live in a foreign country, the house price is just a psychological hint. Therefore, we prefer the real estate in new first-tier cities here, because the real estate in new first-tier cities is already dynamic, and the transaction of second-hand houses has shrunk during the epidemic. It is time to start. There is a certain outflow of urban population, but overall it is a stable net inflow of population. In addition, the total price is not high. A city like Chengdu can choose a small apartment with a good location to invest, and the rental income can basically reach about 4% per year, and the house price is still rising steadily.
It is suggested to start with the sub-new small apartment or the new district in the urban-rural fringe of new first-tier cities.