Five steps of family financial planning
. As the stock market began to pick up, Mr. Zhang began to worry about joining them and watched his colleagues around him buy stocks and buy funds.
Step 1: Set financial goals. Financial experts said that at the present stage of Mr. Zhang's life, his family can have several financial goals at the same time. It is important to divide financial management goals into short-term, medium-term and long-term according to the expected realization time, allocate funds reasonably, choose appropriate investment tools, and achieve different financial management goals. "For example, for Mr. Zhang, the short-term goal may be to reserve enough down payment for buying a house one year later, the medium-term goal may be to raise education funds for children to go to overseas universities more than ten years later, and the long-term goal may be to prepare for retirement." For example, financial experts said.
Step 2: Understand the financial situation. When choosing investment tools, Mr. Zhang Can first carefully calculated his income and expenditure, and had a clear understanding of his current family financial situation, which was used as the basis for making financial investment plans. Asset-liability ratio can provide reference for judging family financial situation. Generally speaking, family assets include current assets (cash, demand deposits, etc.). ), investment assets (stocks, bonds, funds, etc. ) and useful assets (cars, houses, etc.). ). Household liabilities include short-term liabilities such as daily bills and long-term liabilities such as house purchase loans and car purchase loans. The ratio of liabilities to assets can be obtained by dividing liabilities by assets. When the family's asset-liability ratio is lower than 50%, the family is less likely to have a financial crisis. If Mr. Zhang needs to improve the family financial situation, he can adjust the income and expenditure by analyzing the family income and expenditure in a certain period, such as the ratio of work income to wealth management income, and the ratio of daily necessities expenditure to non-essential expenditure in family expenditure.
planning scheme
Five steps of family financial planning.
Step 3: Assess the risk tolerance. We often hear such a saying: "The stock market is risky, so we need to be cautious when entering the market." In fact, not only the stock market, but also investment will be accompanied by risks. Everyone's risk tolerance is also an important factor to be considered in family financial planning. Financial experts suggest that Mr. Zhang should know his acceptable risk level and choose appropriate investment tools. If the risk tolerance is high, you can consider some high-risk and high-yield investment tools, such as stock warrants. If the risk tolerance is low, you can consider some conservative investment tools, such as bonds and capital preservation funds. In addition, in different life stages and different financial conditions, the risk tolerance of the same investor is not the same, so it is necessary to adjust the investment strategy according to the specific situation. Financial experts said that generally speaking, with the growth of age, the goal of financial planning will change from "asset accumulation" in youth to "asset appreciation", and then it will evolve into "asset preservation" when planning to retire, and investors' risk tolerance will also weaken with age. Single people are generally more risk-tolerant than married people because their families have less burden. Therefore, singles tend to choose more radical combinations when investing. "Married people like Mr. Zhang often choose a more conservative combination because of the consideration of home ownership and children's education funds." Financial experts said. In addition, financial experts also pointed out that when making investment plans, the amount and stability of income are also factors that affect risk tolerance. If Mr. Zhang predicts that family income may decline in the future, he should increase his savings and choose more conservative investment tools in financial planning.
Step 4: Choose investment tools When planning financial management, customers can set their own investment period and choose investment tools according to the time to achieve financial management goals and expected returns. Otherwise, if they need to use their funds for other purposes during the investment period, they may suffer losses due to the low liquidity of investment tools. For example, Mr. Zhang intends to use funds to buy a house in the short term, so don't choose some tools with low cash-out ability.
Step 5: Seek professional help. Financial experts suggest that although financial planning is a personal matter, many investors may not be able to make a correct analysis of their financial situation or be proficient in investment. Many investors like Mr. Zhang can't keep up with the market changes because of their busy work. In fact, at every stage and even every step of financial planning, Zhang Can will seek the help of professionals. Professionals such as bank staff, financial planners and fund managers can analyze Mr. Zhang's family financial situation, identify investment risks, recommend investment directions, and help Mr. Zhang easily achieve his family financial goals. Therefore, Nanfeng Finance Network, through Mr. Zhang's financial planning scheme, suggests that you should not blindly follow the trend in financial planning, but should analyze your family's financial situation, set financial goals step by step, and then make corresponding financial planning and choose suitable investment tools.