How Do Three Families With Stable Income Plan Their Finances?

[ Financial planning Case]

Mr. Peng, 48 years old, doctor, wife 48 years old, is also a doctor. Mr. Peng's son went to university, studied medicine, and graduated one year. The total cost of living and tuition in one year is around 20 thousand. Mr. Peng and his father lived in three families. His father had retired and his monthly pension was over 2000 yuan. Mr. Peng's annual income is around 350 thousand.

Mr. Peng and his wife both have social security, and both have bought commercial endowment insurance. Now the payment period is full, and they can start to collect money until they are 60 years old. Mr. Peng did not buy a car, the house has three sets, one suite lives, another two sets in the decoration, does not have the mortgage loan. At present, Mr. Peng's monthly expenditure is less than 3000 yuan. Recently he borrowed 1 million 400 thousand to do business for his relatives, and his relatives would pay him 10% interest every year, that is, 140 thousand.

Mr. Peng is very busy on weekdays. He has no time to manage his own funds. He bought a bit of bank's financial products before. There is no investment now. Mr. Peng has a cash deposit of 2 million, hoping to have a professional person to do a systematic analysis for him to better manage his assets.

　 [concrete analysis]

　　 Family assets Situation analysis

Mr. Peng is now at the maturity stage of his family, and the accumulation of wealth will soon reach its peak. During this period, the basic expenditure of Mr. Peng will become stable. His children will soon complete their studies and work independently. Their family members will decrease as their children become independent. Their incomes will also reach their peak. The expenditure is expected to decrease. This is the golden age for preparing the pension. The accumulated assets will also reach the peak. We should gradually reduce investment risks and prepare for retirement, and we should pay off all debts before retiring. First of all, let's take a look at Mr. Peng's family quantitative indicators:

The balance sheet of Mr. Peng's family has the following characteristics:

1, family floating assets are on the high side: Mr. Peng currently has 2 million of the funds in the bank to make a current account. In view of Mr. Peng's family income stability, it is suggested to reduce the working capital, only need to prepare for half a year's daily expenditure amount of 3-5 million, and the remaining funds to make some financial products, in order to increase the rate of return on assets investment.

2, the family has no financial asset allocation: Mr. Peng's family total assets are 4 million 600 thousand, no debt, no repayment pressure, and premium is also settled. The net savings rate of households is up to 82%, and there are more balances. Families in addition to housing, other investment houses have not yet generated income.

3, insufficient family support:

At present, the annual pension premium of two couples of husband and wife has been settled, and two people can receive a supplementary pension of 5000 yuan a year after retirement. Combined with the family's current spending and consumption habits, the protection amount of the two people is insufficient, and the protection is not comprehensive enough. {page_break}

　　 Suggestions on asset allocation

Mr. Peng currently has the following objectives: first, continue to improve family security; two, asset allocation, to ensure that family members in the upcoming retirement stage and the future retirement life is financially sound and comfortable life; three, hope that every year assets can have 5%-10% return on investment.

Accordingly, the following asset allocation proposals are as follows:

The allocation of emergency funds is too much for Mr. Peng's current reserve funds. He can reserve 30 thousand yuan in demand or money market funds as an emergency reserve fund, and the rest will be used for higher income financial investments. In addition, Mr. Peng worked steadily in his wife's work. He could apply for credit cards while he was still at work and make full use of his financial leverage to enjoy the interest free period.

Diversification Investment diversification Investment can diversify investment risks and obtain market opportunities from various investment fields. Because Mr. Peng has two investments at present, one is two houses that are occupied by himself, but at present two houses are in the stage of decoration and idle, and no profits have been generated. Another investment is to take part in the business of relatives. In this case, we think that this is a high-risk and high-income investment behavior. Although the yield of promise is relatively good, the continuous gains and the safety of principal are very uncertain, so it is very necessary for Mr. Peng to configure bank financial products.

Mr. Peng has already bought some bank financial products, so we have certain investment experience. So when we configure products, we can choose moderate risk bank fixed income class and bond fund as the main investment direction, and we can get a steady income. At the same time, Mr. Peng can also make the monthly salary balance a fixed fund, which is a good choice for the future.

To improve family security, taking into account the professional stability of Mr. Peng's husband and wife, the unit should buy some basic insurance varieties for two couples. However, considering the adequacy of the insured amount, they can also supplement some life insurance products. The savings function of insurance provides a guarantee for the future pension to some extent, and some additional hospitalization and personal accident insurance can also make a supplement to the original insurance. Mr. Peng has three housing units. He suggested that Mr. Peng insured insurance for housing and family property to ensure the safety of fixed assets investment.