How to choose bank wealth management products

Western Valentine's Day, coupled with the traditional Valentine's Day Lantern Festival in China, should be said that the sweet atmosphere of these two days is full of wind and rain. Many banks will also launch various wealth management products on such festivals. However, for bank wealth management products, we can be careful not to be fooled by the superficial "high yield", and we also need to carefully consider the choice of bank wealth management products.

How to choose bank wealth management products?

1 Know your financial situation and financial needs:

Before buying financial products, we should have a general understanding of our financial situation, know how much we can use, and then set a small goal of financial management, which is the same as we have a standard for choosing a spouse and a type of spouse we like. For example, how much income you hope to have and how much risk you can bear. The main purpose of doing this is to judge your risk tolerance and risk preference.

2 understand the product details:

① Product issuer: First of all, we should know that not all bank wealth management products are issued by banks. If you want to distinguish whether the wealth management products are owned by the bank or on consignment, you can distinguish them from the product name, product manager or issuer, or you can look at the official seal stamped on the product contract.

(2) Flexibility of products: Before purchasing wealth management products, you must consider your own requirements for liquidity, which is a problem that many people will ignore. We often buy when we see high returns. In the end, I need money badly, so I can only withdraw it before the deadline, which wastes a lot of time and can only earn current interest.

3 product income: In addition, we should carefully observe the income yield provided by wealth management products and make more comparisons. However, the expected income is not equal to the actual income. Many wealth management products are marked with expected income to attract investors, but this is not our ultimate real income. Investment is risky and volatile, and the final income depends on the fluctuation during the investment period.