How to understand financial management and how to rest assured that financial management is an ordinary citizen needs to prepare lessons before financial management. selectBank financial productsYou must know this knowledge.
01Financial productIt will be a loss
In recent years, the market for bank wealth management products has been unusually hot, and many people have the impression of bank wealth management products: low risk and higher profitability.Fixed deposit. 2012
In the year, several banks broke the “zero-profit door” and “negative-profit door” events of bank wealth management products.
Investors should understand that the stable earnings of wealth management products are just legends. When some wealth management products expire, they may not receive the expected benefits, and some even have no guarantee of the principal amount.
02There is a mystery hidden in the fundraising period, and financial income will be "diluted"
Under normal circumstances, banks will claim that bank wealth management products do not benefit from the fund raising and liquidation periods and are calculated based on current deposit interest. If the investor buys in early, and the product's acquisition and liquidation period is relatively long, then the actual rate of return will be pulled down.
03Expected income does not equal actual income
The expected rate of return of a commercial bank's one-year RMB wealth management product reaches 15%
about. However, one year later, the annual revenue of this financial product is only 10%. However, not all wealth management products can achieve their promised yield. Therefore, when choosing bank wealth management products, don't just stare at the yield.
04Risk tips must be clear
According to the requirements of the relevant departments, banks will make so-called statements about risk warnings in the bank's wealth management product descriptions and contracts. However, these risk descriptions are too professional or even full of various types of technical terms and do not provide much value to investors. Many financial products issued by banks are up to a dozen pages long, but they reveal little about the essential risks of products. Most of them are marketing languages, not objective and in-depth analysis.
05Do not touch the "overlord clause" of financial products
In the bank's wealth management product specification, certain design terms are clearly biased toward banks. Investors should be careful about such financial products and try not to touch them. For example, in the specifications of some structured financial products, it stipulates that “the highest part of the expected annualized rate of return will be used as the bank’s investment management fee”.