Many people enjoy investing and managing their finances, so what should everyone pay attention to when engaging in investment and financial management?
In recent years, with the continuous improvement of people's living standards, many people with spare money can no longer sit still and have plunged into the financial market. However, many bizarre things have happened during the operation. Today, let's take a look together at some of the misconceptions and lies that exist in the process of financial management.
Lie one: Blindly believing in "If you don't manage your finances, your finances won't manage you"
Many people have started to realize that they can't let their money sleep in the bank after hearing this phrase. So they always think about making money grow and earn more returns. This idea is not wrong in itself, and it is theoretically very correct.
However, in reality, many people blindly believe and operate blindly. Without any investment experience and knowledge reserve, they blindly invest and end up with a "loss of all capital". The large number of investors who were mowed by P2P in the past few years is a vivid example.
Lie two: Bank financial management must be safe
Compared with online P2P and other financial scams, bank financial products are indeed much safer. However, many bloody examples also tell us that buying products in banks is not necessarily safe. The most typical example is "flying orders". What does this mean?
In fact, flying orders is a term used internally in the financial industry, which means that bank staff do not sell their own bank's products, but privately sell products that have not been allowed by the bank, such as colluding with other third-party organizations and selling them illegally. In fact, the risk of this is very high, because what they sell is generally very high-risk products, and they have not gone through formal filing and supervision, which is very prone to accidents.Although such incidents have improved significantly after continuous crackdowns and management, I would still like to remind everyone to be extra cautious when purchasing products from banks to prevent such occurrences from happening to themselves.
Lie number three: Bank-regulated financial products are all principal-protected.
It is important to understand that in the past few years, many financial products sold by banks were principal-protected with guaranteed interest, almost risk-free. However, since the implementation of the new asset management regulations, anyone who still makes such claims is undoubtedly lying, and you should not believe them.
This is because current financial products are all non-principal-protected and non-interest-guaranteed, which means not only can they not guarantee the interest, but they may not even be able to fully recover the principal. That's how realistic it is.
However, despite this, there is no need for panic, as the financial products offered by banks are managed by professional operation teams throughout the process. Although they do not promise to protect the principal, the chances of loss are still very low, and there is no need for overinterpretation.
Lie number four: High-risk products can only bring high returns.
This statement should actually be reversed, meaning that behind high returns there will always be high risks, and the higher the returns, the greater the risks. This is absolutely proportional, so do not blindly pursue high-return products. When selecting products, in addition to paying attention to the expected returns, you should also pay more attention to aspects such as risk, product type, investment channels, etc., to avoid expanding your risks.In summary, over the past few years, the financial market in our country has been constantly changing and innovating, with many operational rules undergoing significant changes. The days of blindly buying financial products are truly gone, and at this point, it is imperative for investors to take a deep breath, learn more, and think more. Making decisions after fully understanding and continuously improving one's knowledge is the correct approach.
I believe that those who have read this far must be interested in financial management and willing to learn. I hope everyone will pay more attention to my account, and I will spare no effort in bringing you different financial knowledge, which I hope will be helpful to everyone.
So, if you have any doubts or questions about investment and financial management, please leave a message for me, and let's discuss them together.
