What are the main misunderstandings of young families' financial management?

Financial management is a comprehensive planning and arrangement process involving family life and consumption arrangement, financial investment, real estate investment, career investment, insurance planning, tax planning, asset arrangement and allocation, capital liquidity arrangement, debt control, property notarization and inheritance distribution. Financial management is not simply about finding a way to get rich or making an investment decision. For young families, because both husband and wife are young, it is easier to fall into the misunderstanding of family financial management. So, what are the main misunderstandings of their financial management?

(1) Get quick success and instant benefit

Young people are often impatient and not calm enough. Although young white-collar workers are high-quality people, they still can't completely get rid of impatience, and they are eager for quick success and instant benefit in family financial management. The core of financial management is the rational distribution of assets and income, which should consider not only the accumulation of wealth, but also the protection of wealth. In this sense, the connotation of financial management is broader than the family investment that only focuses on "Qian Shengqian".

(2) Regardless of family strength, blindly follow the trend.

From the perspective of family financial management, a person's life can be divided into different stages. At each stage, people's income, expenditure, risk tolerance and financial management objectives are different, and the focus of financial management is also different. Therefore, we need to determine our own staged life and investment goals, constantly examine asset allocation and risk tolerance, constantly adjust asset allocation, and choose the corresponding investment varieties and proportions. More importantly, investors should correctly evaluate their personality characteristics and risk preferences, and on this basis determine their investment orientation and financial management methods.

(3) the pursuit of short-term gains, ignoring long-term risks

In recent years, under the market situation that house prices in most cities have generally increased by more than 30%, real estate investment has become a hot spot, and the financial management experience of "keeping a house with a house" has been widely circulated. Faced with the "profit" that the rental income exceeds the loan interest, many owners are secretly surprised by their "investment success". However, when buying a house, some investors do not fully consider the real cost of investing in real estate and the uncertain risks in the future, and only pay attention to the immediate interests. In fact, many investors often ignore many possible risks when calculating returns, and there is a certain blindness. For example, many owners in Wangjing, Beijing have begun to feel the risk of investing in real estate.

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(4) Too conservative

Many people regard deposits as the only financial management tool. Indeed, among many investment and financial management methods, the savings risk is the smallest and the income is stable. However, the continuous interest rate reduction and interest tax collection by the central bank have made the current interest rate reach the lowest level in history, and the interest rate of foreign exchange deposits has dropped to "freezing point". In this case, it is almost impossible to realize the appreciation of household assets by relying on deposits; Once inflation occurs, the assets of families in the bank will shrink invisibly. The money in the bank is always just a number in the passbook. It has neither the function of stock investment nor the function of insurance protection. Therefore, we should change the traditional concept of financial management, seek safe and high-yield diversified investment channels, and maximize the benefits of family financial management.

(5) Pursuing a broad and comprehensive investment portfolio.

Diversification of investment and risk avoidance are unshakable beliefs of many people in the process of financial management. Therefore, under the guidance of this theory, buying some stocks, buying some bonds, foreign exchange, gold, insurance and household assets are unbalanced or unevenly distributed in various investment channels. In my opinion, there is always a place to make money if the east is not bright and the west is bright.

Extensive and comprehensive financial management really helps to diversify investment risks. But in practice, the direct consequence of doing so is often to reduce the expected income. Because, for most people, because there are too many baskets, there is not enough energy to pay attention to every market trend. In this way, they may not make money anywhere because of poor management, and even have the danger of asset impairment. Therefore, for families with few assets, the relative concentration of superior forces can make the limited funds achieve the maximum benefits. Of course, this is not to say that we should buy all the remaining money in stocks or invest all our possessions in real estate, but to concentrate our funds on advantageous investment projects.