What are the stages of life finance?

Life is divided into five stages of financial management:

1. Single period 2-5 years, join the work to marriage, lower income spending, this period of financial focus is not in profit but in the accumulation of experience. Financial advice: 60% risky, long-term return of stocks, equity funds or foreign exchange, futures and other financial products, 30% of regular savings, bonds or bond funds and other safer investment tools, 10% current savings for emergencies;

2. Family formation period 1-5 years, marriage and children, increased economic income and stability of life, focusing on the reasonable arrangement of family construction expenditures. Financial advice: 50% stocks or growth funds, 35% bonds, insurance, 15% current savings, insurance can choose to pay less regular insurance, accident insurance, health insurance;

3. Children's education period 20 years, children's education, living expenses surge. Financial advice: 40% stocks or growth funds, but need to be more risk averse, 40% deposits or treasury bonds for education costs, 10% insurance, 10% family emergency reserve;

4. family maturity 15 years, children work to my retirement, life, income peak, suitable for accumulation, focus can be expanded investment. Financial advice: 50% stocks or equity funds, 40% regular savings, bonds and insurance, 10% family emergency reserve. When approaching retirement, the proportion of risky investment should be reduced, and insurance should emphasize on pension, health, and major disease insurance, and formulate a suitable pension plan;

5. Retirement period: Investment and consumption are more conservative, and the principle of financial management is first for health and second for wealth, and the main purpose is to be stable, safe, and to preserve the value of the money. Financial advice: 10% stocks or stock funds, 50% regular savings, bonds, 40% current savings, more assets can be legal tax avoidance to transfer assets to the next generation