The best choice for the elderly to manage their finances is national debt or time deposit, because national debt has no risk and is the lowest risk financial product. Bank deposits At present, many joint-stock banks have raised the fixed deposit interest rate, which means that the three-year and five-year fixed deposit interest rates have reached the peak of about 5.22%. Old people can choose according to their hobbies.

2. Monetary Fund or stable fund portfolio

It is also a good choice for the elderly to buy money funds, because the yield of money funds is higher than the interest rate of 1 year fixed deposit, which is highly flexible. You can also appropriately allocate some stable fund portfolios. The general monetary fund+bond fund has low investment threshold, good security and stable income, and the general income is higher than that of a single monetary fund. For details, please consult Hui Zejun.

3. Bank wealth management products

At present, many elderly people trust bank wealth management products. When the elderly buy bank wealth management products, they should read the terms of the contract clearly and pay attention to the investment of funds. Don't completely listen to the recommendation of bank personnel, and buy carefully. We can't just focus on the expected rate of return. Some bank wealth management products don't break even and can't reach the expected rate of return.

Step 4 buy commercial insurance

The elderly can purchase some funds for commercial insurance. There are many types of commercial insurance, such as accident insurance and medical insurance. The elderly can appropriately increase these guarantees to hedge the economic losses caused by accidents or diseases.

Old people must be cautious in managing their finances, and don't blindly follow the trend. They should not only manage their finances safely, but also plan their finances well.