If you blindly invest in financial management, the final result of many people is not only not to increase wealth, but also to lose the principal. Now let's introduce how to avoid falling into the trap of investment and financial management. Let's have a look!
1. Speculation
The fundamental purpose of investors entering the stock market is, of course, to make profits and increase wealth. In fact, "there are risks in the stock market", so we should not have a little "speculative psychology" when we speculate in the stock market. In the stock market, we must make reasonable use of our spare money and operate with the mentality of investment. We must not be like gamblers. We should first be familiar with the rules of the game of the stock market, and then do a good job in fund management.
2. Blind purchase of bank financial products
Many people take their money out of the stock market and put it in the bank to buy financial products when they see the tragedy of the stock market. However, the whole financial market is related to each other. With more people buying wealth management, it is likely that wealth management will reduce the expected rate of return, and the rate of return on wealth management may continue to decline significantly... Therefore, not all wealth management products that rely on bank guarantees are good.
3. Buy gold to maintain value
Buying gold to maintain its value may have heard many people say how high the price of gold will soar, but it must be noted that gold is never used to fight inflation, but to fight devaluation and loss of credit. The biggest problem with gold is that it cannot generate interest.
4. All funds are deposited in the bank
In the traditional view of most of us, banks are the guarantee of state-owned enterprises, which are stable and profitable. However, I believe that in recent years, the phenomenon of rising prices and inflation is not uncommon. Is the interest earned by your money in the bank really faster than inflation?
5. Take insurance as investment and financial management
In recent years, financial products such as "investment-linked insurance and dividend insurance" in the market seem very attractive and seem to have high returns, confusing many people who do not know the truth. However, in fact, investment hedging and other businesses are the extension businesses of life insurance, with great uncertainty in the rate of return. The essence of insurance is also the guarantee of basic survival such as accidental death and major diseases.
6. Superstitious experts and scholars
Many ordinary people often attend various lectures after they become aware of investment and financial management. Some enterprises and institutions have also started such businesses, such as investment lectures and financial management lectures. But in the end, such free lectures often turned into disguised product launches and invisible product promotion meetings. Some people who listened to the lectures mistakenly bought their products and were developed into members.
Conclusion
The above mentioned points are the problems we need to avoid in investment and financial management. I hope you can take a warning after reading this article and go further and further on the road of investment and financial management.
