Internet FinanceProduct is aboveBank deposit rateSeveral times of earnings, a low threshold of one yuan, and a seemingly complete risk guarantee make it an instant “second kill” traditionFinancial product. However, Internet wealth management products have triple risks and are traps that investors must avoid.
Risk-Insufficient Risk Warning
At present, Internet wealth management products represented by “Yue Bao” are mainly based on currency funds. However, in the overwhelming publicity, Internet companies do not give sufficient hints of risk and emphasize security and profitability one-sidedly. Although money funds are less risky, fluctuations in money market interest rates will still affect the rate of return. At the same time, Internet financial products generally adopt the “T+0” model, and there are liquidity risks brought about by centralized redemption.
Risk II Violation promotion, disorderly competition
In order to attract eyeballs, some Internet companies have even paid their own pockets for "subsidies." The "Securities Investment Fund Sales Management Measures" clearly stipulates that fund sales agencies engaged in fund sales activities may not have "take sweepstakes, kickbacks, or deliver goods in kind, insurance, fund shares, etc." and other acts.
The yields that some money funds promote are only representative of historical performance. Investors need to understand that the return of money-money funds is closely related to the trend of interest rates in the money market and is volatile, so it is not possible to simply use historical performance as the sole criterion.
Risk III Risk protection does not fly
Most internet wealth management products are advertised by insurance companies for full coverage. Baidu Baifa claims that "the guarantee is provided by China Investment & Finance Co., Ltd.". However, investors still have to pay attention to the security of the accounts. Reports of loss of funds due to the loss of accounts and unpaid reports are not uncommon. Investment in large sums of money still needs to be cautious.