According to the relevant regulations of some financial institutions, the yield of wealth management products for the elderly is maintained at 5.8%-8%, and the closure period is 5 years, focusing on investing in securities and money market instruments.
Recently, various banking groups have lowered the interest rates on bank deposits, and the fixed interest rates of commercial banks in various countries have dropped sharply, reaching 1 1.65% on time, 2. 1% on time, and 2.6% on time in three years. Most of them can't find a time deposit of about 3.5%.
The yield of this wealth management product for the elderly is above 5.8%. Not to mention the high yield of 8% for the time being, if it can be close to 5.8%, it will be considered a high yield. How can deposits have such a high rate of return? Therefore, the rate of return can be above 5.8%, which is absolutely astronomical.
At present, the interest rates of government bonds and large deposits on the market should not exceed 4%, even for ordinary wealth management products, the annual interest rate should not exceed 5%. Therefore, the yield of pension wealth management products is above 5.8%-8%, which can be comparable to that of individual stocks and funds.
Note that the term of deposit is different from ordinary savings. At the beginning, it was clear to everyone that it was a wealth management product after all, but it was closed for a certain period of time, either 5 years, 20 years or longer, and such a long time might be variable.
So this is just the expected rate of return. What is the expected profit? It's possible. Although this wealth management product is a low-risk wealth management product, I don't know what will happen in the next five years, 10 and 20 years. Although today's expected rate of return is 8%, maybe I gave you an estimate of 5% that day, and then everything is hard to say after 20 years, so I am very sad.
In fact, it is worthwhile to achieve such a high rate of return, but no one can say for sure what will happen in the future, and the analysis of bank wealth management managers is basically vague. To buy this kind of wealth management products for the aged, we should at least understand the uncertainty of income.
Compared with deposits, wealth management products are guaranteed by the deposit insurance system of financial institutions. If you put your money in the bank, you don't have to worry about the safety factor. Most of the principal and interest below 500,000 can be compensated.
However, wealth management products are different. Although the old-age care service has been added in front, it is estimated that the rate of return can reach more than 5%-8%. In fact, there are certain risks. If the bank goes bankrupt, or your wealth management products lose money, financial institutions have no responsibility to make you pay the bill. Financial institutions only have the responsibility to inform risks. Wealth management products still have certain risks. After all, it is a wealth management product, which will definitely be different from other commodities. If the bank goes bankrupt, then this wealth management product will be different.
Finally, I want to say that this wealth management product should be implemented in the implementation process, not all parts of the country, and not every financial institution can publicly issue it. It has not been promoted nationwide, and the audience is not so wide. If something happens in the middle, it's really hard to say.
There are many ways to provide old-age services, such as personal pension rules and regulations and social security pension. In fact, the safest thing is social security pension. Why do you say that?
Although the pension level in each city is not too high now, according to the statistical data of 202 1, the highest pension is actually Tibet, and the pension is close to 5,000 yuan. In addition, Beijing, Shanghai and Qinghai are close to 4,000 yuan, and pensions in other regions are around 3,000 yuan.
Many people despise the pension level, which is very low, but you don't understand that the pension in our country has gone up 18 years. Then I have a pension, and even if there is inflation, my basic life can be guaranteed.
Second, what are ordinary people most worried about? What worries me most is the reincarnation of the old man. Many people became seriously ill and returned to the pre-liberation period overnight. It's really hard to spend tens of thousands or hundreds of thousands of dollars to see a doctor at once, but you have medical insurance, but it's different. Some diseases and hospitalization expenses can be reimbursed. For most people, it is safest to increase some extra accumulation on the premise of personal social security at least in order to realize the old-age service.