Entering The 160 Thousand Sandwich Level: Investing In Closed Funds Every Month

There are a lot of words to describe life. I want to share a sentence - two people raise and raise in the middle. Everyone is raised by their parents and will lose their working ability because of their old age. Therefore, it is a Chinese tradition to support their parents and raise their children. At present, more and more people are entering the "sandwich level", facing the pressure both inside and outside the family and undertaking, bearing the dual responsibilities of parents and children, so we must have enough psychological preparation to cope with the long "sandwich" life in the future.

Mr. Han, 33 years old, the company's Department Manager, annual income after tax 100 thousand yuan, traffic and communications subsidy 15 thousand yuan per year, annual provident fund 20 thousand yuan, plus bonus annual income of about 160 thousand yuan.

The wife is 28 years old, has just had a baby, is at home to see the child, plans several months to find a job to work.

Mr. Han has social security and no business.

Two people have a set of existing housing, the market price is about 1 million 200 thousand yuan.

Financial management objectives

1. plan children to buy a suite before going to primary school.

2. reserve Education Fund.

Make insurance plans for your wife and increase Mr. Han's commercial insurance.

4. provide pension support for both parents.

Financial situation analysis

Mr. Han has just stepped into the "sandwich class". When he was a father and had no room for loans, his parents were under 60 years old, and the pressure was not too great. He just took the opportunity to deal with the good family relationship, and made good long-term financial planning, laying a solid foundation for himself and his family.

Mr. Han's daughter is only 3 months old. His wife needs to be restored after childbirth. After months of work, the child will face the dilemma of being neglected. Hiring a nanny at home is neither convenient nor economical for Mr. Han's family.

Parents can be pferred to Beijing to help them in turn. They can not only worry about their children's worries, but also take care of their parents.

Financial advice

Cash planning

Mr. Han has an annual income of 160 thousand yuan, a monthly income of about 13333 yuan, and a monthly expenditure of 4167 yuan. The monthly expenditure can be adjusted to 6000 yuan in consideration of factors such as the increase in the cost of parents coming to Beijing, the cost of their daughters and vehicle maintenance, so as to ensure the quality of life of five families.

According to this standard, even if the income of Mr. Han alone is calculated, the annual income and expenditure ratio of his family is below 50% of the safety line. After his wife works, the family income structure and income and expenditure ratio will be further improved, which will contribute to financial safety and wealth accumulation.

Cash planning is generally 3-6 times the monthly household expenditure. At a higher 5 times, 30 thousand yuan can be retained as an emergency reserve.

5000 yuan of current savings is convenient for daily consumption, and 25 thousand yuan deposit is 3 month regular.

If interest rates are increased within the year, it can be converted to 6 months' regular or directly selected "interest plus treasure" intelligent pfer function.

Daily consumption should use debit cards or credit cards to bind automatic repayment and other non cash instruments.

The maximum budget for car purchases is not over 100 thousand.

Mr. Han buys a car budget of 140 thousand yuan. If he is a walking tool, he suggests that Mr. Han buy an economical family car with low fuel consumption, low maintenance cost, mature brand and high residual value. If buying a mid-range car for work or personal preference, we should try to use vehicle mortgage loan to achieve it. Under the current low interest rate level, short-term reasonable liabilities can enhance the driving force of family members and restrain unnecessary consumption expenditure.

Take the 3 year auto loan 80 thousand yuan as an example: the annual interest rate is 5.3%, the equivalent principal and interest repayment is only 2400 yuan for the month, and the total interest rate for the 3 years is 6800 yuan, which will not only create pressure on the family finance, but also improve the quality of life.

Establishing insurance for family members

According to the annual income of 200 thousand yuan after tax, the annual household insurance premiums for 10% yuan are about 20 thousand yuan. Among them, Mr. Han accounted for 60% of the main economic pillars, and 30% of his wife worked on the basis of supplemental social security. Two people were advised to choose the categories of bonus life insurance, regular life insurance, major diseases and hospitalization expenses. The children focused on the insurance of accidental injuries and major medical insurance, and could also take the form of premium insurance to purchase bonus insurance plus additional accident insurance, so as to reserve educational funds. After working with Mrs. Han, family

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Investment closed-end fund

Mr. Han's current assets are all bank regular, with a single structure and low return on assets, which may be related to Mr. Han's risk preference and the recent market trend.

Entering the 2010, many policies such as margin trading, stock index futures, real estate regulation and so on have made the stock market and property market face wide shocks and more uncertainties. In the short term, there seems to be no safer tool than bank savings.

But Mr. Han's housing goals and the "sandwich class" special education for children, parental support, and self care are all based on increasing the source of income to ensure long-term wealth growth.

At present, there are more than 20 closed-end funds in the stock market. The maturity date ranges from 2013 to 2017, and there are many varieties with a discount rate of more than 20%.

A shares are facing adjustment at the beginning of the year. The valuation of the closed base is at a relatively low level. In the coming years, these funds will be accompanied by better capital market and good dividends and net value performance. The expected annual return rate of holding A will reach 8%-10%.

Assuming that Mr. Han's family income after tax is 200 thousand yuan, deducting the cost of living and insurance, it can accumulate 9000 yuan a month, with a 6 year period of no increase or no reduction. It can produce 6000 yuan a month for the closure of the base and the remaining 3000 yuan as a reserve fund.

With an annual yield of 8%, the market value of the fund can reach 830 thousand yuan in 6 years.

The existing 200 thousand yuan deposits, after cash planning, insurance planning and purchase of cars, are still remaining 50 thousand yuan. We can choose medium - and short - term bank - based financial products to keep the security and liquidity of the portfolio.

In addition, Mr. Han's husband and wife raise jobs and raise salaries, and so on. When children go to primary school, the family's floating assets can reach more than 1 million yuan, which can achieve the initial accumulation of the first payment for housing, children's education fund and parental pension.

Adoption of social support for the elderly

Both parents are rural household accounts, with little savings, and the only rural medical insurance is difficult to meet the actual medical needs. This is precisely the lack of rural medical and social security in China. Whether we can change the situation depends on the government's policy of benefiting the people. At present, we can only rely on our children to fulfill their duty of support.

Mr. and Mrs. Han should seize the 5 years -10 years to improve their careers and increase their income.

The savings of both parents have not been used in recent years, and they can be invested in closed-end funds.

The "sandwich class" family is not realistic enough to rely on family support. Ultimately, it depends on the mature social pension mechanism.