1. Don't believe in publicity

Banks are very strict about product publicity, and we should carefully review articles about our products. But every industry has employees with different qualities. If you contact a staff member alone, he will tell you something unreliable and promise some endless conditions. For example, the most common thing is to say? Our product can protect the capital and income? .

But in fact, after the promulgation of the New Regulations on Asset Management, bank financing broke the rigid redemption, and capital preservation financing completely did not exist. In addition, the new regulations stipulated that financial subsidiaries could issue graded funds and directly invest in the stock market, which brought higher risks. For the sake of caution, these people's opinions are used as reference.

2. what should I see in the financial contract?

some friends may say that the financial contract is so long that it is really unbearable. Here are a few points that are easy to misunderstand, and you can pay special attention to them.

(1) Looking at the underlying assets

Wealth management products are often packaged in a dazzling way, with various names: XX Bao, XX Win, XX Platinum Plan, XX Wealth Plan? However, we have to unpack these packages and look at the core underlying asset, which is what you really buy. To put it bluntly, after the bank received your money, where did you invest it to help you earn these benefits?

For example, if you see that the money from this product is actually used to buy some financial assets, such as bonds, interbank lending or other monetary products, which are relatively stable. But if you lend money to a bankrupt enterprise or invest in a car that can run with water, will you continue to buy this product?

the underlying assets, or capital flow, investment target, asset composition, asset structure, etc., will be clearly written in a formal contract. If you buy bank wealth management online, you can certainly find it in the sections such as product details and investment details. If not, you'd better think twice.

(2) Spontaneous or consignment products

Bank wealth management products, including bank-owned wealth management products and consignment products. Banks have their own wealth management products, because they have their own credit endorsement, and their security is relatively high. Of course, it mainly depends on the safety of the products. If the products themselves are high-risk, it doesn't matter what institutions issue them. Consignment of products means that commercial banks sell investment products of other cooperative institutions to customers through banking outlets or online banking. The bank is not responsible for the management of the products on consignment, and the products are guaranteed by the issuer's own credit. This requires us to identify whether the products are owned by banks or sold on a commission basis before purchasing wealth management products, and if they are sold on a commission basis, we must also find out the specific issuer.

here, I'll tell you one of the easiest ways, and that's to log on to an authoritative website? China Finance Network? Inquiry. The bank's own wealth management products will mark the product registration code in the product manual. For consignment products, we need to go to the banking system and official website and other official channels to inquire about relevant information.

(3) The expected rate of return is not equal to the actual rate of return

When selling wealth management products, banks may bid the expected rate of return, but the expected rate of return is not equal to the actual rate of return. The expected rate of return given by bank wealth management is annualized. Because the annualized rate of return is generally higher than the bank deposit interest rate in the same period, which has certain attraction.

for example, I bought a 7-day wealth management product of a bank for 2, yuan, and the expected rate of return is 3.8%. When the wealth management product expires, the settlement income of the product is only 2, yuan. 3.8%? 365? 7=146 yuan, not the 2, I expected? 3.8%=76 yuan. Because, for a 7-day wealth management product, the income amount is 7/365 of the annualized income.

(4) the boundary between the raising period and the liquidation period

when we buy wealth management products, we often pay attention to the income and the term, but ignore the raising period and the liquidation period. General wealth management products will have a collection period before interest, ranging from 7 days to one month. During this period, the funds we invest have no interest or only current interest. If the raising period is too long, the investment income will shrink. The liquidation period means that after the wealth management product expires, the investor's principal and income cannot be received on the same day, but enter the product liquidation period, during which the bank does not pay interest.

For example, a bank has launched a wealth management product with a maturity of 34 days, with an expected yield of 6.4%. The sales date of the product is from March 19th to March 25th, and the bank will transfer the payment to the investor's account within 2 working days after the maturity date (postponed in case of legal holidays) at the latest. The maturity date of this product is April 29th. Considering the 2-day liquidation period and the 3-day extension of May Day holiday, the bank has the right to pay the principal and interest of wealth management funds on May 4th at the latest.

if I buy this product on March 19th, it means that this wealth management product with a 34-day investment period actually takes up 46 days of wealth management funds, including a 7-day fundraising period that only enjoys the current interest rate and a 5-day liquidation period that does not enjoy any interest rate. Calculated, the actual rate of return is only 4.78%, which is far lower than the expected rate of return. Therefore, pay attention to the calculation of these dates when purchasing.