Wallet Can't Hurt! How Can We Manage Money?

　 Wallet can not afford to hurt. The more money, the more nervous.

At a time when inflation is high and prices are rising, there is money in the pocket. We worry that the money in our wallet is not as good as today's purchasing power, so don't laugh at those who rush to buy.

Some people say that "after 60 there are soft, 70 after the real estate, 80 after the arrears", each crowd, each stage of life has their own wealth view, and because of the growth experience and the economic environment of different, but their core idea is interlinked, that is, through a reasonable financial planning, realize the dream of life. As to how it should be. Planning and financing The most realistic suggestion is three steps:

　　 1. draw the dream; 2. do the work for the dream; 3. let the dream keep pace with the times.

　　 Financial reality show

Melissa, who has just turned 35 this year, has worked in a fortune 500 company with a monthly income of 50 thousand yuan, and owns a set of housing. The 5 year old daughter has 4 elderly people to support her husband and wife. Besides basic social security and medical insurance, she bought a life insurance of 100 thousand yuan when she was young. The monthly expenditure of the daughter is 7000 yuan, 10 thousand yuan per month for the elderly and 20 thousand yuan for other living expenses. The above expenses are jointly borne by the husband and wife. At present, Melissa's existing family assets are 700 thousand yuan, of which 200 thousand are regular deposits and 500 thousand yuan for stocks. After that, I hope my daughter can be sent abroad for education, and I do not want to lower the living standard after retirement. More than 3 years of stock investment, due to the recent poor performance of domestic A shares, a slight loss. Although it is also a middle-income, it is always worried that money is not enough.

　　 Financial investment objectives:

Medium-term goal: children from high school to receive foreign education, the need to prepare education gold about 2 million yuan.

Long term goal: enjoy the same living standard and consumption ability after retirement.

Test your Risk bearing capacity

Melissa has higher monthly income, stable household income, no debt at present, and relatively high ability to resist risks. With certain investment experience, it is estimated that personal risk tolerance is medium high. However, through a special risk tolerance test questionnaire, Melissa can clearly understand its risk tolerance and facilitate its subsequent choice of financial products matching its risk preference.

On the "2011 HSBC fortune forum", Wang Haojing, general manager of HSBC China East region personal financial management business, said, "with the profound insight of the global banking network and the local market, HSBC has launched the first customer classification system in the mainland, supplemented by a more comprehensive risk assessment system and a more mature product configuration framework." HSBC China also helps customers to analyze their financial gaps comprehensively and efficiently through the upgraded financial needs analysis tool, and customers can choose suitable financial solutions according to their own financial gaps. In addition, HSBC China promotes a new product configuration strategy based on core products and satellite products. "Core products" mainly provide customers with long-term and stable returns, while "satellite products" capture short-term investment opportunities according to market trends or hot spots and increase overall return on investment. {page_break}
 

　 One handed education, golden age pensions

1. daughter Education Fund preparation and partial pension preparation can be completed through commercial insurance, because of its low risk and stable future income.

For daughter Education Fund preparation, Melissa can choose a special education gold insurance or an annuity insurance that can be paid after a certain period of payment. These two kinds of insurance are different. The special education gold insurance pays more attention to the provision of tuition fees and / or business starting money for children during the period of University (18 to 22 years old) or 22 years old. The annuity payment terms of some annuity insurance are more flexible, which can provide protection and cash flow for the whole process of children's education. Melissa can choose the right type of insurance according to its specific planning and preferences.

For the preparation of pension, Melissa can choose a combination of annuity and life insurance. There are many kinds of annuity insurance on the market. Melissa can choose the most suitable annuity insurance according to the time limit, the amount of money received, the way to receive the bonus and the cumulative bonus form of preference. The reason why life insurance is added to annuity insurance is that part of life insurance not only ensures that family members can no longer be around, but also provides free life for their families. It can also be converted into annuities according to needs and at a certain time point, providing more abundant pension to guarantee the quality of life of Melissa couples after retirement.

In view of the fact that the Melissa husband and wife two people earn 750 thousand yuan a year, excluding the daily expenses of 336 thousand yuan and saving 414 thousand yuan a year, it is suggested that the annual expenditure on insurance should not exceed 50% of the annual savings, that is, 200 thousand yuan, so that the quality of life will not be affected.

2. in view of the relatively high risk bearing capacity of Melissa, the existing portfolio can be adjusted, and education and retirement funds can be accumulated through a more balanced and steady investment.

Because more than 70% of Melissa's family assets are invested in stocks at present, the risk is too high to be suitable for her medium high risk bearing capacity. Therefore, the proportion of existing stock investment in the whole family assets portfolio can be appropriately reduced and investment risk reduced.

In addition to preparing for educational expenses through commercial insurance, Melissa can consider buying a guaranteed or partially guaranteed structured financial product through banks, increasing asset portfolio security and gaining value added assets. Such products can guarantee the security of principal or part of the principal when the market falls, and get a better return in the process of rising market.

Investment planning should pay more attention to risk diversification. Melissa couples can properly invest in overseas markets under Financial permissible circumstances, diversify their investment risks in A shares, and share the profits of the global market. However, since most of the financial products currently invested in overseas markets are non guaranteed investment products, Melissa should choose products that match their risk preferences.