First, there are several kinds of financial management you need to know.
The low-yield wealth management linked to national debt issued by ordinary banks has an annualized income of less than 2%, but the principal is relatively safe.
Fund companies issue wealth management funds in the form of bank consignment, and the wealth management funds packaged with corporate bonds have relatively high returns, but the risks are also great.
Closed-end funds issued by fund companies, following the stock index, can only be purchased off-site, with subscription and redemption fees. Generally, there is a closed period, ranging from several months to several years. The income is not fixed, and it may even be a big loss.
Open-end funds issued by fund companies, that is, on-site subscription and redemption, can be bought, sold, subscribed and redeemed by themselves through their registered securities accounts, and the handling fee is relatively low. Besides, they can control the rhythm.
Second, what kind of financial management is suitable for you? You should have a clear understanding of your ability to resist risks. Because the current financial management is not guaranteed. So according to your risk tolerance, you have several options.
The ability to resist risks is low, but there are surplus funds. You can directly buy book-entry treasury bonds, or time deposits, or financial management with the lowest risk level. The annualized income is about 3%.
Moderate ability to resist risks. In a certain period of time, we can choose some open-end funds, such as CSI 300, CSI 500 and CSI 1000. And buy after each plunge, sell after the rise, and cycle. The annual income is good, and it is normal between 10-20%.
The ability to resist risks is relatively high, and the funds are sufficient (at least one million). You can choose private equity funds to invest. The closure period is generally 3 months to 1 year, and the annualized income is generally between 12 and 18%.
In addition, if you like bank stocks, you can also buy bank stocks after the plunge, such as Agricultural Bank, because the annualized dividend yield of banks is also around 5% every year, and stocks have risen by more than 5%, so you can sell them directly and buy them at a low level. If it has been near the cost, then stick to it until the dividend is paid, which is a regular financial management.
The last suggestion is, don't borrow money to play stocks, don't borrow money to manage money, because that will make you lose the standard of judgment, then don't be greedy, set a profit target and leave when you arrive. Don't casually overturn the previous assumptions, because it is easy to get stuck for a long time, or even lose everything.