I believe that for most people, we will still remember what kind of market we faced before 20 13. At that time, there were almost no wealth management products for ordinary people. Rich people can try to buy private equity and trust, and those who have no money can only deposit in the bank, but the deposit interest rate is ridiculously high and time deposits are too troublesome. Many people have to queue up all night to buy government bonds in order to earn more money.
As a result, the first attempt to apply Internet thinking to finance appeared. This is the first shot of the familiar Internet finance: Yu 'ebao. Today, let's take a look at popular science. Five years later, Yu 'ebao has become the number one in the world. How much do you know about the risks of Yu 'ebao?
1. What exactly is Yu 'ebao?
Many friends who are unfamiliar with finance are not very clear about what Yu 'ebao is. What many friends say is: I will save the balance treasure when I get paid. Wait, here's the problem. Can the balance treasure in Yu Can be used? Yu 'ebao is actually just a vest designed by Alibaba to make it easy for everyone to understand. The essence of this vest is money fund, and the holding company of Yu 'ebao is Tian Hong Fund, a well-known domestic fund company controlled by Alibaba.
However, we should understand that this is a fund company, not a bank, so in professional financial terms, we buy the monetary fund share of Tian Hong Fund, not a depository bank. At this point, funds and banks are essentially different.
As an important national financial institution, banks have a clear deposit insurance system. As long as everyone deposits in the bank, according to the relevant policies, even if the commercial bank goes bankrupt, the state will pay for it, with a limit of 500,000, but fund-based wealth management products do not have this treatment. Once there is a risk, the worst result is nothing.
Second, what are the risks of the money fund?
Just now, we made it clear that the products of Yu 'ebao Baby Fund are essentially money funds, and the purchase of Yu 'ebao is actually a subscription fund share. What we get is not interest, but essentially dividends from the fund. Since it is a fund, since there are so many fund returns higher than bank demand deposits, there must be risks. Next, let's talk about the risks of Yu 'ebao.
The first is to pay attention to redemption risk. Careful analysis of Tian Hong Fund's layout of Yu 'ebao shows that most of the products invested by Yu 'ebao are government bonds, bank certificates of deposit and a few financial bonds with less risk. These goals are characterized by low risk, but problems still exist. This means that Yu 'ebao is actually a combination of two types of products, that is, a normal money fund with a trading time of at least T+ 1 or even T+3. What do you mean? It is I who took Yu 'ebao today. Normally, it takes the next day, or even three days, and now it can be received in real time. Why? This is because Alipay and Tianhong Fund superimposed an advance payment mechanism behind Yu 'ebao, that is, the money that should have arrived the next day was paid to consumers by Alipay first. Therefore, once a large-scale cash withdrawal event occurs, this advance mechanism will have problems, which may seriously lead to the break of the fund chain, thus putting the buyer's principal at risk.
The second is the risk of declining returns. From the development of Yu 'ebao, we can find that when Yu 'ebao was first launched, it happened to encounter a serious "money shortage". When the banking industry is seriously short of funds, the income level of Yu 'ebao is as high as 6%, which has become the highest income level of Yu 'ebao so far. However, with the gradual strengthening of the liquidity of commercial banks, the high income of Yu 'ebao will be difficult to sustain. So last year, we saw that the minimum income level of Yu Le's Yu 'ebao was only 2%. Moreover, the investment targets of Yu 'ebao are mostly some wealth management products of commercial banks, and this single investment structure has also caused a problem for Yu 'ebao. For example, in the event of a large-scale bank failure in China, such as the financial crisis in the United States in 2008, Yu 'ebao may not only lose its income, but even its principal, so Yu 'ebao is not a product that can completely protect its capital.
The third is the risk of financial telecom fraud. Last year, financial fraud occurred frequently in China. When this kind of financial fraud appears, Internet financial institutions bear the brunt, because there is no physical card, relatively speaking, the risk control level of Internet financial institutions also has certain shortcomings. If the user does not purchase account security insurance, once the account is stolen, Yu 'ebao will immediately become the hardest hit area. I once had a friend's account stolen, and all the money in Yu 'ebao was taken away by criminals. Finally, thank you for buying account security insurance, only because you bought account security insurance. Of course, as a rational person, I don't think we need to be bitten by a snake for ten years, but necessary account insurance measures must also be prepared.
Third, how should we manage our finances?
Since I have talked a lot about the risks of Yu 'ebao, I am not the water army of Hei 'ebao. Let's talk about how to manage money fairly and objectively.
We should make it clear that Yu 'ebao Fund is actually an intermediate product, which is more risky than bank deposits, but less risky than stocks and partial stock funds, so it is relatively safe to buy such products, because unless a large-scale risk event occurs, there will generally be no major problems. But strategically speaking, it is also a problem if you spend a lot of money to buy Yu 'ebao. Next, I will talk about how to avoid risks from the perspective of conservative investment. If you can accept high risks and high returns, just go out and turn left to buy stocks.
First of all, investment should never put eggs in one basket, so I suggest that your family property should be diversified. Now not only Yu 'ebao, but also commercial banks and even WeChat and JD.COM have similar money fund wealth management products. You can choose to diversify your funds into these wealth management products, thus reducing potential risks.
Secondly, there are many deposit products with high liquidity. For example, an Internet bank launched a wealth management product with deposits as the target. Deposit can be said to be a relatively safe way to manage money. If you are afraid of the loss of principal, you can buy deposit-based financial management.
Finally, I hope everyone should guard against network telecom fraud, because 90% of the risk events I have contacted are users being stolen, not the products themselves.
Viewing Jiang Han, the official account of World WeChat from an economic perspective ID: jianghanwiew
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