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Financial Secretary'S Weapon: How To Select Financial Products In The Interest Rate Cycle

2011/4/12 10:33:00 42

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On the one hand is

Bank financial products

The circulation is even higher. On the other hand, the rate of return on products is generally upregulated under the expectation of raising interest rates.

Faced with a variety of financial products, such as time limit, type and expected annual yield, it is no doubt that for ordinary investors, if they do not have a certain method, they will surely take a fancy.

For this reason, the reporter interviewed Ms Liu, a financial manager of a branch of the West Third Ring Road of China Construction Bank.

Miss Liu said that due to the expected interest rate increase, the short-term and ultra short-term financial products of the bank are good investments.

However, she said that there is an idle period in the period of issue and payment of the financial products, and the interest rate is very low, which is only a current interest rate. Investors should know clearly before buying the product.

"General products only have interest in demand during the raise period and the payment period. The collection period of bank financial products is usually 1-7 days, while the 2-3 days for payment.

This means that customers can only get interest on demand for the longest 10 days.

She said that if the time was counted, the longer the short-term and short-term financial products were, the longer the funds would be idle.

If customers do not have enough money, it is not recommended to purchase short-term financial products frequently, because the final actual income is not as good as buying a longer term financial product directly.

For example, she assumes that the investment period of a product is 15 days, and the annual yield is expected to be 4%. In order to raise interest rates, investors will buy this product again and again. With the shortest idle period of 3 days, 100 thousand yuan will generate 131.5 yuan income (excluding interest rate interest) in 12 days, and the interest rate is set at three months later.

Rate of return

Raising 0.5% percentage points, the income of 100 thousand yuan in 12 days is 147.9 yuan.

Assuming that investors are repeatedly operating within six months, the actual interest rate is only 144 days in six months, while the yield is 1676.7 yuan.

But if investors buy a half yearly financial product with an expected annual yield of 4%, the profit after six months is 1972 yuan, which is nearly 300 yuan higher than that of the first one.

"This is still the shortest.

Idle period of funds

As a result, the short term financial products are selling well in the near future, so the collection period is also shorter. If we collect 2 days and pay 3 days to pay, the idle period of 5 days will mean that the actual interest rate for buying this short-term financial product is only 10 days, while the investment for half a year can only get 1397 yuan, which is far lower than the half yearly purchase.

She said.

For investors with large capital volume, Ms. Liu believes that short-term financial products can be considered for 1 to 3 months, because the current market generally expects that the central bank will raise interest rates one or two times in the year, and the expected yield of financial products will also increase. If the financial products with long investment duration are chosen, the flexibility of operation will be greatly reduced, and the yield rate will not have any advantage.

As for the timing of purchase, Ms Lau suggests that investors should try to buy them at the end of the month or at the end of the season.

As the central bank has repeatedly raised the deposit reserve ratio, the tightening of credit lines and the tight face of bank funds have been tight since the end of last year. Therefore, banks are frequently required to issue short-term financial products, especially at the end of the month and the end of the quarter.

"Some customers are very blind when buying financial products. They stare at the yield. If the expected rate of return is not enough, they complain constantly. Now when we sell products, we will advise customers to take note of the product brochures and tell investors that the expected returns may not be real gains.

In addition, investors need to see the dates of the products clearly, understand the length of the collection period and the date of payment, because during this period they can only enjoy the current interest rate, so when calculating the rate of return, we should dig out the idle time of the fund, calculate the actual yield and make the purchase decision again, "Ms. Liu said.