Migrant Workers: Making Fixed Deposits Is Far From Enough.

Because the condition information provided by the migrant worker family is obviously insufficient, it is impossible to make an accurate detailed plan. It can only be roughly recommended from the asset allocation ratio. For example, 20% of the assets will be used in the investment of open-end fund or investment linked insurance to obtain a higher rate of return. 10% of the annual income will be used as a fixed pension insurance to solve the worries.

Case study

Finance

1. my wife and I are around 28 years old. One child is nearly 4 years old. At present, I am spending 300 yuan in kindergarten.

My wife and I work in Taiwan funded companies, and belong to the manufacturing industry (IT industry). The monthly expenditure is about 1000 yuan.

2. at present, there is no housing outside. In 2004, it invested about two square floors in the old house. There were more than 400 square feet. Because the company had a dormitory for employees, they went home to visit their parents for a period of time on vacation, so whether to buy a house is still under study.

3. my parents are in the rural areas, the land is around 50 years old. When they are free, they do some odd jobs for their crops. The monthly income is around 400 yuan, so the burden is not big. The wives are five brothers and sisters, the youngest, and the parents are over 60 years old.

Financing needs

At present, the basic income is to adopt the way of saving deposits. Because of working for many years, there are some spare cash at present, and I want to ask experts to give advice on how to manage money and how to plan reasonably. Although the company has voted 5 guarantees according to the social security regulations, everything is zero after leaving.

Financial management plan

The family of migrant workers is an ordinary family without any planning.

1 allocate funds to reserve children's Education Fund

In view of the stable family income situation, we should first make an educational reserve for our sons: the proportion of 20% of the existing deposits is the investment of open ended fund or investment linked insurance of insurance companies. Because this kind of investment has a long-term upward trend and is easy to use, it is conducive to adjusting strategy at any time, and it also matches children's education insurance and major illness insurance.

2 reasonable insurance to solve the pension problem

Both parents should be self-sufficient in the cost of living, and have several children to support, which is less stressful. However, two people are obviously inadequate because of the social security purchased by the unit, and the degree of protection is not enough. They need to divide 10% of the annual income into 10% couples and the insurance of the two people. We can consider the bonus type old-age insurance, that is, every year we can enjoy the bonus of the insurance company, and we can get similar insurance for living expenses after the age of 55.

3 housing expenditure to leverage financial leverage

Taking into account the problem of son reading, you can buy a three bedroom apartment near the school that you are going to study. Not only is it convenient for your son to study, but it is also a necessary condition to solve life, and it is estimated that it needs 600 thousand -80 yuan.

According to the current estimated assets, invest 20-25 yuan in the down payment, make full use of financial leverage, use bank mortgage mode to lend 400 thousand -55 million yuan, and 10 months, the monthly contribution is about 5000 yuan. According to the income of two couples, they should be able to cope.

4 venture capital needs further planning.

In view of the fact that the couple has never made any risk investment, the existing fund is not only buying insurance and open-end funds, but also recommending temporary deposit of time deposits.

Expert analysis

The basic conditions given in this case are not sufficient: the monthly income and the amount of investment available at present are not accounted for. Therefore, we can only give general directional suggestions.

1. the two generation of the whole family has no liabilities. In the normal work and income, there is no need to worry about money in the short term. But with the growth of their sons, education expenditure will gradually increase.

2. from the perspective of family asset allocation, apart from investing in housing in old houses, it is obviously unreasonable to adopt the method of bank fixed deposit and do not have reasonable allocation of assets to obtain assets that are higher than the deposits of bank deposits.

3. according to the traditional concept, if we intend to work and live here for a long time, there is always a need to purchase a house plan. After the first payment is 3, it is recommended to buy a 3 bedroom apartment in a bank loan.

4. from the perspective of family income structure, there is no insurance allocation for family members, and the insurance needs to be added to the planning area.

Summary

Because the condition information provided by the migrant worker family is obviously insufficient, it is impossible to make an accurate detailed plan. It can only be roughly recommended from the asset allocation ratio. For example, 20% of the assets will be used in the investment of open-end fund or investment linked insurance to obtain a higher rate of return. 10% of the annual income will be used as a fixed pension insurance to solve the worries.