Be a person who loves to learn and is willing to grow with me
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sold the house to start a trust, and lost several millions
Text/Yan Lingyang
In the past two years, the news of the trust explosion has been reported repeatedly.
First of all, the middle planting system, this will not be talked about.
Then there was a certain An, who said that a person sold the school district house for 5 million, and then invested all of it, but he lost all his money.
Bloggers push things for dozens of dollars, earn a commission of a few dollars, and are always said to be cutting leeks. I don't think these people have ever seen what a real sickle is, because of the limitation of knowledge, the biggest sickle I can think of is the commissary at the door of the house (the nature of the blogger's goods, not also like a commissary), I don't know anything about the high-end bureau harvesting method.
The real harvester is the financial ........ Dick Si died of P2P, the middle class died of financial management, the rich died of trusts, and the super-rich died of ambition. And the most advanced harvester is to build a nation.
Finance is actually a game of confidence and a game of capital chain, nothing else.
Therefore, if a trust product begins to defer payment, its risk is not in this product, but in the entire enterprise or even the industry.
Others feel that the money they have invested may be at risk of not being recovered, so they will not invest in you anymore.
There is no fresh blood in your capital pool, and halfway through this game, other products are also due to expire until they cannot be redeemed, and it is easy to have a domino effect.
The reason why the mainland strictly guards against financial supervision and control over the banking industry is because once this happens in the banking industry, it will affect the wife.
In addition to banks, there are other industries in the financial industry, which have less impact on society than banks, and only affect a small number of people.
And how do trusts generally explode?
Trust is relatively unfamiliar to ordinary people, and it is generally a tool used by wealthy people to do asset isolation and inheritance.
Rich people give their money to trust companies, which take the money to make investments, promising a certain rate of return.
In the past few years, when the real estate industry was growing by leaps and bounds, the yield of these money was very considerable, but the real estate market is down, the developer's payment cycle is slowing down, and the trust may also have a delay in payment.
For example, in order to ensure that the building is not unfinished, the developer's sales funds need to be entered into the escrow account first, and the money in the escrow account can only be used to build the building, not to be diverted for other purposes.
This creates a time difference, and the time difference may cause the capital chain to break, and it is very likely that the trust money is up to the time for payment, but the developer's money cannot be taken out.
Moreover, the investment channel of the trust company may not be real estate.
There are a lot of financial games here. Prudent investment generally requires a specific asset target (such as real estate developed by developers), but in the later stage, it may be a capital game.
They have built up a huge pool of funds, where they urgently need money, they will go to make up for it, "borrow new money to repay old money" and even engage in "shadow banking", but once the amount of money that needs to be redeemed is too large and the money in the capital pool is not enough, it is easy to explode.
And when many rich people sign a contract, they actually don't know how to play here, and they can't understand a lot of professional vocabulary, but they just put their money in the trust out of primitive trust, and then it becomes like this.
Over the past 40 years, there have been many wealthy people on the mainland, some of whom are indeed courageous, cognitive, capable, and lucky, but these people will always have blind spots in financial knowledge, and it is easy to step on the pitfall.
If you look at the wealthy families that have been passed down for several generations abroad, the heirs of the family actually have to spend a lot of time and energy to understand and learn finance, and even after they become rich, they have to do finance themselves, because they realize that in addition to the state apparatus, the top wealth harvester is finance.
However, many of our rich people in China have too short a time to get rich and too fast to accumulate wealth, and the vast majority of people only go through the stage of "wealth creation", some people can achieve "wealth harvest" in front of them, and it is difficult for more people to "inherit wealth".
This complete cycle will take about one or two hundred years. And how many years have we only passed?
Many rich people face a large amount of money they have earned, and they don't know where to hide it, and then it is easy to have "path dependence", relying on primitive trust to invest money, but they don't understand the various ways of playing finance, and they don't understand that the situation has changed.
However, this is a problem for the rich to worry about.
Many of us ordinary people can't even resist the temptation of junior and gambling, and finally make a little money, and the uproar leaks out of these places. Trust thunder is such a thing, it's too far away from us.
What are the implications for us ordinary people?
I think there are three points:
First, wealth management is a lifelong course.
Personal wealth management is important for the wealthy, and even more so for the average person. Don't think you don't have any money and don't learn this. Establishing a correct understanding of wealth management allows you to slowly accumulate assets, reduce the risk of wealth loss, and avoid poverty when you get old.
Second, correctly understand your own ecological niche and ability layer, and invest prudently.
Interlacing is like a mountain, don't invest easily across industries. I myself have paid a huge amount of tuition fees in terms of funds and stocks, and I am willing to gamble and lose. The so-called professionals who have been immersed in an industry for decades need to rely on luck and insider information to make money, not to mention a novice like you. Ordinary people finally make a little money, and it is more important than anything else to keep it.
Third, after a certain amount of primitive accumulation, establish your own safety cushion.
The so-called "safety cushion" is to isolate the property used for basic life, and do not use the funds no matter what happens. Of course, before the age of 35, you can give it a go, and you can't do it "from a bicycle to a motorcycle". When you are old and young, and when you get older, don't be so reckless.
Fourth, don't put your eggs in the same basket.
Everyone understands this principle, but the specific operation varies from person to person, and I am only in the exploration stage. I see a lot of families putting all their money in the house, or keeping all their money in the bank, or talking about insurance, and I personally don't approve of that.
Ordinary people only have three melons and two dates, but they must also be guarded. In my own words, it goes like this:
(1) Put most of the money in the house, after all, housing is my just need, and as long as there is no war, the house is still a relatively safe money storage tool.
(2) In terms of asset allocation, we should focus on ways to stabilize capital preservation, such as bank deposits, treasury bonds, large-amount certificates of deposit, etc.
(3) If you have extra money, get enough insurance, but don't buy too much.
(4) Investments with a yield of more than 3% and less than 8% (such as stocks, funds, etc.) can be allocated a little, but not more than 20% of the spare funds;
Many people really don't have the ability to earn money, but the ability to keep money, which leads to the collapse of life.
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Author: Yan Lingyang, born in the 80s, emotional columnist, author of new feminism, member of the Chinese Writers Association. He is the author of the best-selling books "Those That Make You Miserable, One Day You Will Say It with a Smile", "May You Let Go of the Past and Be Worthy of the Future", "May You Have a Journey and a Way Out", "I'm Divorced", "With Your Rivers and Lakes Are Not Lonely - An Alternative Interpretation of Jin Yong's Martial Arts Novels" and the children's picture book "Mom's House, Dad's House". With 13 years of experience in financial industry (management), he is currently the founder of a cultural information consulting company in Guangzhou and the co-founder of a cultural media company. Born in Lijiang, Yunnan Province, he now lives in Guangzhou.
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