Judging from his situation, the data he gave is annualized benchmark income of 4.5%, which is a low-risk wealth management product. From the name point of view, it is called "stable wealth and solid income enhanced closed type", which means that it will basically not face the state of principal loss. However, this wealth management product is not as good as expected. His income is not fixed income, but floating income.

Floating income is characterized by risk, which is different from fixed income. Fixed income can get very fixed interest after it expires, and floating income may not get interest. Moreover, it is not impossible to buy this wealth management product with part of the risk of floating income, and it is likely to lose the principal.

Because it is not a fixed income, it should also be noted that this wealth management product is closed, which means that you can only watch it make money or lose money after buying it.

Judging from the current situation, there are more people in a state of loss. Compared with the fund, the overall income of the fund is more of this wealth management product, and it is very important for the fund to buy and sell at any time, so that it can also stop losses in time.

However, if you buy this wealth management product and don't stop the loss in time, you can only recover the money after it expires. At this stage, even if you lose a lot of money, you can't sell it. The risk of this wealth management product is still relatively large.