Conduct financial transactions

The first step: bill

1, understand their financial situation questions:

You know your biggest expenses every month in it?
Do you know what things to buy is actually not very reasonable?
What are the things you buy is cost-effective?
(1) significant accounting: cash flow = total revenue - total expenditure (recorded once a month)
situation in a given period, your actual cash inflows and outflows: actual cash flows is income; actual outflow of cash It is spending.
Revenue Category:
Active income (through labor income): Project amount -> Total -> Total revenue -> Cash Flow -> Liabilities
Passive income: Project amount -> ... Total
expenditure category:
Total expenditure> - projects amounting -> Total: fixed expenses (monthly basic necessities have to get the money)
Flexible spending (monthly spend money not spent): ...
2, the solution
(1) purchase Monetary Fund, to increase passive income: Investment select white balance Bao
(2) reduce the flexibility of expenditure: cut can buy of

Step two: Consumer

1, inattentive: The life of "sand" inattentive consumption, small consumer finance can also cause a qualitative change

Regularly check their consumption, such as every week or every month to see a bill, focus on examination of diet, beauty dress, other
2, careless: for business set "consumer trap" accidentally, unwittingly ambush
Anchoring effect: Let us subconsciously think businesses buy something a good deal, such as a suggested retail price with the store price
- People Before making a decision, will be affected by prior information, the information just like an anchor, to within a range of restrictions in our thinking
The proportion of prejudice: redemption activity to stimulate consumer desire, more sensitive to changes in the relative proportion of the value of our
- Clothes such as buying 500 send socks 30 (actual), the Canadian dollar redemption 30 socks (promotions)
Cost-effective prejudices: you buy really cheap to bring pleasure, such as full reduction activities, the need to use the frequency of valuation
- Such as gym, 30 3600, the annual card now do activities as long as 3999
  3 seed money she saved
Classification using bank cards: a main card store revenue, a deputy card fixed expenses, a deputy flexible spending card
- Main card = fixed costs + flexible spending, flexible spending additional funds can not run out of funds

The third step: Credit Card

1, the election card: Commercial Banks Offer is greater than the state-owned banks

China Merchants Bank service is good, the higher the amount of the Bank of the first application
Such as morning people choose credit card points can be redeemed for airline miles, hotel reservation discount of more cost-effective credit card
2, card: Using the longest interest-free period to earn interest
Bill Day: Banks given you a monthly card account settlement date
Repayment date: this month with money must pay back the last day
Interest-free day: day bills to credit card spending between repayment date does not need to pay interest
- Interest-free period to make use of a credit card alternative to cash, the use of interest-free period of steady income to buy financial products, earn interest
For example, you have 10,000 yuan ready to buy iPhone, the bill date is No. 1, No. 20 repayment date is
- Bill one day later consumption, the balance of 10,000 yuan into treasure, the interest-free period of 50 days available to 66 yuan in revenue
Redeem tickets, etc.
3. Credit Card Mistakes: Domestic consumption is not staging, not cash, not to save money, consumption abroad refused VISA CUP
Interest-free installment bank will charge a fee installments, credit card deposit into money not only failed to take out interest fees

Step Four: save money

1, deposit money of reasons:

Saving strategy in question: first flower reload can be converted into pre-existing spend (compulsory savings), fixed overhead -> compulsory savings -> discretionary spending
Save money too inefficient: saving efficiency = able to save money each month / monthly disposable income and disposable salary = - fixed costs
2, the solution:
365 days save method: save digital not the same day, (1+365)*365/2=66795or (0.1 + 36.5) * 365/2 = 6679.5
Method save 52 weeks: Week 1 save $ 10, 2 weeks 20 yuan, week 52 save 520 yuan, 13,780 yuan can deposit, the deposit amount may be inverted

Step Five: Investment Plan

1, Herding: a sheep began to run, the other sheep to know why after him, the investment should be avoided ourselves into herding
2, to find their own investment: setting financial goals -> sort out the cash investment -> assess risk tolerance - select the appropriate way to finance and investment

Setting financial goals: Why do you want to make money, quantitative goals such as buying a house one million three years later,
- Short-term target level points (less than 3 years), medium (4--14 years) and long-term (over 15 years)
Sort of investment cash: to have liquid assets, assets respond to emergency situations
- Liquidity Liquidity Ratio * Assets = monthly expenses, household income and stable liquidity ratios 3, family income instability 6-8
Assess risk tolerance:
Select the appropriate finance and investment methods:
- Conservative: risk tolerance is low, but the relationship between security investments, such as money funds, short-term financial products, to protect the type of insurance
- Steady: low risk tolerance ability, want to get higher than bank deposit income, such as index funds, financial-type insurance, bond funds
- Balanced: there is a certain tolerance for risk, pay more attention to the long-term average returns, such as real estate stocks, stock funds, hybrid funds
- Aggressive: a higher risk tolerance, willing to exchange for high returns with high risk, such as futures, stock
- Aggressive: very high risk tolerance, hope to get the highest return investment, such as stocks, options, futures

Step Six: Insurance

1, the insurance, the core is against unpredictable risks
2 errors:

With social security you do not need a commercial insurance: Social Security is the basic guarantee for the purchase of commercial insurance can compensate for the lack of social security
I did not choose the right Insured
3 steps:
Configured to determine how much money to bring their own insurance, Double Ten's law, the proposed premium income accounted for 10% of annual household income, the amount is 10 times the annual household income
Determine the configuration of the order, commercial insurance into financial security - and type
- Protection type: accident insurance (500,000 insured amount recommended above), critical illness insurance (ie diagnosed pay 20 million or more), life insurance, hospital medical insurance
- Money type:
  - Participating insurance: protection type insurance dividends, investment-type insurance dividends (the main function of bias Branch)
  - Universal insurance: one kind of life insurance to protect the accounts (primary insurance) and investment accounts, low cost

Step Seven: Purchase Insurance

1, re-disease risk

Buy critical illness insurance conditions: inform health underwriting career
Assign specific insurance plan: guarantee period (70 years old -80 years old) -> payment deadline (maximum payment deadline) -> guarantee amount (full coverage) -> mild & exemption (recommended budget adequate insurance, the couple can each vote re-disease risk with mild immunity)
Be sure to carefully read the product terms: coverage
(2) Life: low-premium, high sum insured, term life insurance and whole life insurance
25-50 years old recommended to buy term life insurance
Guarantee period, 20--30 years, or guarantee to a particular age, it is recommended to protect the 69-year-old
Credit protection: Life insurance coverage = me of family responsibilities
Payment terms: the longer the better
Insured region: Region whether the insured
The best choice for protection Death + includes a full set residual life of the product, less liability Disclaimer

Step eight: bank financing

1, how to choose the right financial products

Rating: Bank credit rating of AAA-> AA-> A-> B-> C, the largest rating agencies Moody's and Standard & Poor's
Security: R1 (low) -> R2-> R3-> R4-R5 (high), to invest income market (bonds, etc.) lower risk, equity market (oil stocks) higher risk
- Have to look before buying financial products issued by itself is not a bank, not a bank letter of cooperation
- After funding priorities or bad
Profitability
Liquidity: raising period of a week or so, funding is calculated according to the bank deposit interest rate

Step eight: P2P

1, P2P is essentially an investment channels, sub-secured debt transfer mode and mode
2, the question: do not fly by the platform; there is no force borrowers to repay; whether investing more money
3 steps:

View platform qualification, then check the net loan-to-eye in the sky
Assessment of the borrower's repayment capacity: standard mortgage and credit-standard, high-yield borrowers generally not a paragraph
Investment ratio control in less than 15% and diversified investment platform

Step 9: Fund

1. What is the fund? A user want to invest in stocks and bonds, but not very professional no time, you find an agency to help you hire a professional to take care of people fund, after removing labor dividends to the user. Where this organization is the fund management company, a professional person to take care of this funding is to fund managers.
2, the fund classification: currency (0 risk), bond (20%), index (30%), equity, hybrid type (50%)
3 advantages: The fund does not need to put too much energy, investment low barriers to entry, risk-adjusted returns relative safety of
4, to develop a reasonable profit target: the general point is only the profit stop loss point of 1.5 times to 2 times

Only the profit point: the stock price rose to a certain price, the yield up to your expectations
Stops: stock delivery fell to a certain price, to the extent that you can not afford

Step 10: Investment Funds

1, confirm the purchase platform: banks, securities companies, fund companies, third-party sales platform (daily fund net)
2,4433 rule:

1 year accounted for in the same fund ranked first 1/4; 2 years, 3 years, 5 years and this year accounted for the top ranking in the same quarter of the fund; nearly six months ago in similar funds ranked third; nearly three month in similar funds 1/3
3, Fund managers: Working time, stability, serve returns
4, the election fund: strength

Monetary Fund

1, three high and two low: high security, high mobility, the rate of return is higher than deposit; low-cost, low-threshold
2, the investment rate of return: the 7th annual yield (average yield value in the last 7 days, then after years of earnings); million copies earnings (ten thousand yuan gains can get another day)
3 principles:

Select the IMF set up a long time
Select medium-sized Monetary Fund
Select high proportion of retail Monetary Fund (over 70%)
4. Skills:
Redemption at the option of the T + 1 Monetary Fund
Friday does not redeem the purchase Thursday
Stage of IMF gold purchase (the end, quarter-end, mid-year, at the end)

Index Fund

1, index funds: specific investment index, the index is synchronized with ups and downs, is a collection of stock performance of a basket.
2, the mainstream of the underlying index: CSI 300 Index (Shanghai and Shenzhen Stock Exchange elect 300 of the largest and best stock liquidity composition), the S & P 500, Nasdaq 100
3 advantages: through continuous the absorption of new stocks (immortality); not the fund manager's ability to influence change and turnover on the index fund (transparency); low fees of about 0.6%, a good anti-risk
4, how to buy index funds: Securities 500 (mainly investment in small and medium enterprises) -> Shanghai and Shenzhen 300 (major investment in large-scale enterprises) -> CSI 200-> CSI 100> Shanghai 50
4 fund investment: fixed investment fund. Low starting point, simple way, amortized cost, reduce risk

Three fixed standards: fixed period; fixed amount; fixed products

Equity Fund

1. What is stock fund? Fund managers holding your stock go vote.
2, how to vote stock funds? Premise: whether they can withstand the loss of about 25%; he is not a certain degree of investment knowledge.

To determine the current market style
View position situation to find the funds in line with market-style: positions Awkwardness ratio less than 50% is not recommended to start
Excellent Fund Manager: Fund's current investment rate of return; return on investment of other funds
Diluted batches Jiancang costs

stock

1. Why invest in stocks? Investing in stocks is to have partial ownership of the company.
2, before the market which needs to be done to prepare? Unfunded (idle funds about 20%), time to prepare (investment long), mental preparation, target preparation (only the profit point stop loss point)
3, opening
4, to understand the stock market

Understand K line graph: candle (red rose) and Yin (green down), have the highest price, lowest price, closing price, opening price
- Yang Xian: strong buying, selling weak demand, rising stock market
- Yin: strong selling, buying weak, oversupply, stocks fell
- See rectangular shape to an example candle, the longer rectangle represents rose significantly shorter rise represents inconspicuous
- Hatching: both sides of the rectangular wire, hatching represents the turning signal. The above is a shadow, the following is a hatching.
  - In an example candle, the longer the shadow line up the weaker the signal, the longer the signal is down weaker Movies
Understand trends: color line. = 5 average addition the closing price for five consecutive days / 5 days
Read Volume: increase in volume and price rise, fall in price minus
5, the stock market scam: right to information; money does not mean that stocks will; chances
6, subject shares, shares his wife