There are three golden rules for family financial management: first, safety. Safety is an important discipline of family financial management. Investment risk includes market risk, credit risk and fraud risk.
Second, it is stable. Buffetts Berkshire companys average annual yield in the last 10 years is 10.33% (compound yield), which means that 10% is the upper limit of rational investment income. When the yield is higher than 10%, it risks a lot. We all like to be rich overnight, not even overnight. Its better not to be rich overnight. If you have such a mentality, you may encounter the fluctuation of bull market or special market today. If you are lucky enough to rush in, plus the leverage, you may double in a week. But you need to know that you can double today, and the possibility of losing tomorrow also exists The great taboo of wealth.
The third is different from person to person. Family asset allocation should be arranged according to their own family income and expenditure, as well as their psychological characteristics, risk preferences, psychological tolerance and acceptance of family members. The proportion of family financial management is better in the end, and there is no fixed mode. It should be arranged according to their own characteristics.
Which assets are suitable for middle-class families?
Lin Caiyi said that financial management should consider two characteristics: the first is the scale of assets, with 2 million and 200 million investable assets, with different investment structures and models; the second is that people with strong demands for high returns and stability have different choices of assets, but there are the following types of assets available:
First, the assets with good liquidity, safety and stability are funds. There are two indicators that can be rationally analyzed for equity investment. One is macro-economy. The other is industrial cycle. Most of the funds are broad-based. If you are optimistic about consumption, you will face a stock risk if you buy a consumer stock. But if you buy a consumer fund, you will invest a series of consumer stocks, which will be much more stable.
The second is real estate assets. Chinese and Japanese people like to buy houses when they have money. The characteristics of real estate are stability. The rate of return may not be very high under normal circumstances, but it can give people a strong sense of security. Moreover, real estate is usually allocated in the long term, and the short-term fluctuations can ignore the psychological pressure on investors. If they like real estate, they have a high demand for security and more family assets Allocation of property.
Third, investors with tens of millions or even hundreds of millions of assets can allocate absolute assets: financial insurance and trust, no matter what happens, can ensure the life and expenditure of family members, the sense of security and security are reliable, and can also allocate gold, which is hard currency all over the world. These three types of assets are defensive assets with low return, but high security and stability.
Suggestions on the allocation of family assets
At present, when selecting assets, we need to consider policy factors, as well as the main basis of which kind of assets will rise in the future market. Investors like to sell high and buy low. Low is cheap. The concept of cheap is valuation in the capital market. At present, the growth space of equity assets is relatively larger.
The global interest rate center sinks, and the future financing yield is 5% ideal
Lin Caiyi said that in the past decade, the average return rate of us and Japanese residents financial management income, including real estate, funds and stocks, is about 2% - 6%, and 6% is a very high return rate. Only a safe investment can guarantee a compound return rate of 5% and 6% in 10 and 20 years; this years return rate of unsafe investment is 100%, and next years loss is gone.
Why is Chinas investment income relatively high? The reason is that the interest rate level in China is high, the interest rate level in western countries is relatively low, and the growth rate of macro-economy and GDP is slower than that in China. Chinas GDP growth in the past 20 years has been double-digit every year. At present, Chinas economic growth rate is declining, and it is unrealistic to expect the average yield in the past 10 or 20 years. It is like a child, growing from 5 to 15 years old, with an annual increase of 5cm 6 cm; it is unrealistic to grow another 5-6 cm from the age of 25 to 35. The growth of the economy is the same. China will gradually approach the western developed countries from the level of interest rate in the future.
This year is the worst time of the year. Lin Caiyi thinks that the average yield of 5% - 6% in the next few years is ideal.
Specific suggestions on the distribution structure of residents assets
Lin Caiyi said that the Japanese nation is relatively conservative, accounting for about 36% of its real estate, more than 1 / 3, followed by a large number of purchases of trust, insurance and monetary funds, but stock investment accounts for a small proportion, the United States is very radical, the proportion of real estate allocation is only 23%, but Americans like stocks and equity funds, accounting for more than 1 / 3. For Chinese people, Chinas real estate accounts for 80%-85% in Chinas household assets. If the house or real estate bubble burst, family assets will shrink immediately. If the property of the family accounts for 80%, it is very unhealthy configuration and the risk is bigger. If the disposition of the property in family assets is reduced to less than 50%, the impact on family financial management will not be too great. Lin Caiyi said at the end of the live broadcast that the safety of family asset allocation is the first. No matter what kind of income is faced with, the safety of assets is the discipline that financial management can never violate, which violates the discipline. The devil of risk stands at the door and is ready to swallow you anytime and anywhere. Source: Yang Qian, editor in charge of Finance and economics of Netease_ NF4425
Lin Caiyi said that the Japanese nation is relatively conservative, accounting for about 36% of its real estate, more than 1 / 3, followed by a large number of purchases of trust, insurance and monetary funds, but stock investment accounts for a small proportion, the United States is very radical, the proportion of real estate allocation is only 23%, but Americans like stocks and equity funds, accounting for more than 1 / 3.
For Chinese people, Chinas real estate accounts for 80%-85% in Chinas household assets. If the house or real estate bubble burst, family assets will shrink immediately. If the property of the family accounts for 80%, it is very unhealthy configuration and the risk is bigger. If the disposition of the property in family assets is reduced to less than 50%, the impact on family financial management will not be too great.