#精品长文创作季#
The arrival of the new crown epidemic in 2020 made people realize the importance of "having money in hand", and after that, the total amount of deposits in the mainland gradually increased, and even young people who had just entered the society were trying their best to save for themselves.
However, people now realize the importance of savings, but they are finding that savings are no longer a good deal.
However, because of the long-standing concept of savings of the mainland people, and the fact that deposits are the safest way to manage money, the total amount of deposits is still growing.
In the face of this situation, many people who are keen on saving do not know what to do, and some people in the industry have responded to this and given the people an answer.
Some bank staff said that ordinary people should not casually deposit "fixed deposits" this year and next. Such statements are actually inferred from today's social and economic conditions.
So why don't we just deposit fixed deposits this year and next? Where should we put our people's money if we don't keep fixed deposits?
1. Time deposits are "not fragrant"?
Nowadays, the types of deposits in banks are mainly divided into time deposits and demand deposits, among which time deposits are the most common.
Interest rates vary from bank to bank, currency to currency and tenor to deposit. Bank fixed deposits have always been the "favorite" of ordinary people, but now many people have the opinion that "you can't deposit fixed deposits".
The main reason for this perception is the fall in the interest rate of the bank. After entering 2024, banks across the country will begin to adjust interest rates intensively, ranging from 10 to 60 basis points.
Consumers are very sensitive to this kind of interest rate decline, and some people even save money across provinces to seek higher interest rates.
This phenomenon has also made many people say that "they can no longer make fixed deposits", but in the final analysis, the actual actions of ordinary people have not changed.
In terms of the total amount of fixed deposits this year, the balance of RMB deposits at the end of March was 295.51 trillion yuan, an increase of 7.9% year-on-year. Fixed deposits are still very attractive to ordinary people.
On the whole, fixed deposits are still "fragrant" for ordinary people, after all, deposits are generally considered the safest way to manage money.
However, industry insiders said that they should never save their money for a fixed period of time this year and next year, what is the reason for this?
2. Do not make fixed deposits for two years
The first reason is because interest rates are now lower. I believe that people who have now deposited fixed deposits can see that the interest rates of major banks have declined, and the interest rate of a certain bank's one-year fixed deposit is only 1.85%, and even the three-year fixed interest rate has not reached more than 3%.
And there is a possibility that the deposit rate will be further reduced in the future.
This means that the rate of return on keeping our money in the bank will be lower and lower, especially as prices in society gradually rise, and the interest rate on deposits may not be able to beat today's inflation. This leads to a decrease in our purchasing power and the risk of depreciation of the assets we hold.
The second reason is that there is a risk of failure of small and medium-sized banks. In order to gain more customers, small and medium-sized banks will also have relatively higher interest rates on their fixed deposits.
However, in the face of economic uncertainty, many small and medium-sized banks are in trouble, especially those with extensive ties to real estate companies, and are at risk of failure.
Although the state will have savings insurance for people's money, once the bank fails, it becomes very difficult for us to recover these funds.
Therefore, except for large state-owned banks, we should not deposit our own money in small and medium-sized banks to avoid adding additional risks to ourselves.
The third reason is that the income of wealth management products is higher than that of deposits. We can see from the value of gold that three years ago, the price of gold was around 400 yuan, and now the price of gold has soared to 700 yuan a gram.
If you had bought gold futures three years ago, you might have made a small profit by now, and this income far exceeds the income from deposits, which is why bank staff do not recommend long-term fixed deposits.
The fourth reason is that it is difficult to withdraw money from fixed deposits. Many people know that the interest rate of bank deposits is related to the length of storage time, so many people are willing to deposit long-term deposits.
However, this has limited our liquidity, and if we have the right financial products, it is likely that we will not be able to withdraw our money for a while, so we will miss the opportunity.
The fifth reason is that it is a challenge to one's own estate planning. Many people keep most of their assets in the bank, but this kind of financial planning is not for everyone.
If we have plans to buy a house, education, investment or insurance, we will also be limited by a large number of long-term fixed deposits, which will limit our asset allocation.
It can be seen that the interest rate on bank deposits is not much today, and the liquidity of funds will be limited as a result.
That's why industry insiders suggest that it's best not to keep money in the bank this year and next. This makes many people wonder, if you don't keep your money in the bank, where should you put your money?
3. Where should the people's money be placed?
Judging from the current financial environment, there are many options for people's money in addition to bank deposits. Treasury bonds are an alternative to deposits.
Treasury bonds are a type of bonds issued by local governments based on national credit. This investment is low-risk, highly secure, and accessible to everyone, making it ideal for prudent investors.
The second type of investment suitable for ordinary people is money market funds. This fund is a short-term financial product fund, which has a high level of security and a yield of between 3% and 4%.
The Yu'e Bao product in Alipay, which we are familiar with, is a kind of money market fund, which is also an investment method that can replace bank fixed deposits.
The third product suitable for ordinary people to invest is the A-share IPO. Generally speaking, it is a way to buy the newly haired stocks of mainland listed companies and earn the price difference by reselling these stocks.
This type of investment has a higher rate of return, and of course, the threshold is relatively higher. If you want to invest in this product, you need to plan your assets reasonably.
The fourth type of investment suitable for ordinary people is the foreign trade economic platform. Due to the support of mainland policies, the foreign trade economic platform has become a new way of investment, the income of this investment method is stable, and the safety of the principal can also be guaranteed, and the cycle is about 30 days. It is a stable way of investment for ordinary people.
However, it needs to be reminded that there are risks associated with any type of investment. Therefore, before making these investments, it is necessary to fully understand these products, understand the profits and risks, and comprehensively consider your own downside.
If possible, you can also choose some professional personnel to help us plan our property. Here we still want to emphasize again that "financial management is risky, and investment needs to be cautious".
Judging from the current situation in society, blindly saving money cannot cope with the inflation and economic risks that may arise today.
If we want to get a better life, we still need to learn the planning of assets and comprehensively and fully protect our lives.
Fourth, everyone needs to know about asset planning
Estate planning can help us to have a clear picture of our assets and better manage our own wealth. If you want to do a good job in asset planning, you need to do 4 steps.
The first thing is to understand your finances. We can make a clear statement of our income, expenses, assets and liabilities by way of bookkeeping, which includes the properties we hold, savings and investments, as well as the details of our existing liabilities such as loans and credit cards.
Once you know your finances, you can make a plan based on your life needs. We can divide assets according to children's education, real estate purchase, daily life, etc., and different funds are used for different life projects.
And set aside a "reserve fund" for your daily life, which can also ensure that there will be no panic when emergencies come.
If we have an investment plan, we can take out 30% of the monthly surplus money in our hands for investment, which is not a high risk for ordinary people.
If we make a profit, we can also get additional income, and do not invest all our money, if it fails, it will put us into a serious debt crisis.
Ordinary families also need to pay attention to having additional insurance to protect our funds. Critical illness insurance is a very important insurance that can ensure that we will not be impoverished due to illness when a critical illness comes.
It is best to purchase insurance for the whole family, and if the conditions are limited, you can buy an insurance policy for the "pillars" of the family.
Asset allocation is a very complex matter, which requires us to adjust our allocation plan according to our specific situation.
Blindly depositing money in the bank will not allow us to resist possible risks, ordinary people can properly learn some financial knowledge, even if they do not have the opportunity to use it, it is also beneficial for themselves to resist asset risks.
epilogue
From today's point of view, time deposits are still the main deposit method for ordinary people, but from today's situation, time deposits have factors such as weak liquidity and high depreciation risk.
This requires fund holders to consider the possible consequences before planning their assets, and perhaps some financial management will be a good choice.
However, we must remind you that there are risks in any financial management, and you must not follow the advice of others to buy financial products.
If you want to invest in financial management, you must first take the time to understand the specific rules of wealth management products and possible losses, if you don't understand, it is safer to deposit money in the bank.
So where do you think we should put our money now?