Can the elderly over 70 buy wealth management?
Old people over 70 can buy wealth management. In China, anyone with full civil capacity 18 years of age or older can buy wealth management. However, for the elderly over 65 years old, customers should be given relevant tips and confirmed before purchasing. For the elderly over 70 years old, in principle, you can't sell them financial products with a medium wind level or above. If the elderly insist on buying, they need to get the signature and consent of their families, and the elderly also need to sign the relevant risk commitment letter for confirmation. The sales process needs to be recorded and recorded all the time.
How to manage money is more appropriate?
It is more appropriate for the elderly over 70 to manage their finances. In fact, this needs to be judged according to your own actual situation, because everyone's actual situation is different. But in general, the financial management of the elderly over 70 years old should focus on safety, putting safety first, followed by expected income, and then the liquidity of funds. The financial management of the elderly over 70 years old should be rational planning, scientific financial management, portfolio investment and steady financial management. More suitable financial management methods for the elderly over 70 mainly include bank time deposits, large deposit certificates, money funds, and old-age security financial products.
1, bank time deposit
Relatively speaking, bank time deposit is more suitable for the elderly over 70 years old, because bank time deposit is relatively safe and conforms to the traditional concept of financial management for the elderly. However, the liquidity of bank time deposits is relatively poor, and early withdrawal will lead to interest loss, and the expected return of bank time deposits is also relatively low. The interest rate of one-year bank time deposit is about 1.8%, and the annualized interest rates of two-year and three-year time deposits are about 2.3% and 2.8% respectively. The interest rates of time deposits in different banks are different at different time periods.
2. Time deposit
Relatively speaking, the interest rate of certificates of deposit is higher than that of bank time deposits, and the annualized interest rate of one-year certificates of deposit is about 2. 1%. At the same time, certificates of deposit are transferable, so their liquidity is higher than that of bank time deposits. However, the investment threshold of certificates of deposit is relatively high, and the minimum personal deposit point is 200,000.
3. Monetary Fund
Money funds are higher than bank time deposits and certificates of deposit in terms of risks and expected returns, because money funds do not protect capital and interest, while bank time deposits and certificates of deposit protect capital and interest.
4. Old-age security management products
Old-age security management products are asset management products of insurance companies. The risk of wealth management products of old-age security is relatively low, but the investment cycle is short, generally about one year, the expected return is relatively high, and the annualized interest rate is about 3%. Easy to purchase, online or offline can handle related business.