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The word "financial management" first appeared in newspapers in the early 1990s. With the expansion of China's stock and bond markets, the enrichment of commercial banks and retail businesses, and the increase of citizens' overall income year by year, the concept of "financial management" has gradually become popular. Personal finance can be roughly divided into personal assets and personal liabilities, including funds, stocks, bonds, deposits and life insurance. Assets belonging to personal financial managers; Personal housing mortgage loan and personal consumption credit belong to personal liabilities.
Steps of financial management:
The first step is to review your assets. Including stock assets and expectations of future earnings, knowing how much money can be managed is the most basic prerequisite.
The second step is to set financial goals. It is necessary to define the financial target qualitatively and quantitatively from the specific time, amount and description of the target.
The third step is to find out what kind of risk preference. Don't make the assumption of risk preference without considering any objective situation. For example, many customers put all their money into the stock market without considering parents, children and family responsibilities. At this time, his risk preference deviated from the range he could bear.
The fourth step is to allocate assets strategically. Do asset allocation among all assets, and then choose investment varieties and investment opportunities. ...
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