Read the first book to understand investment and financial management

Chapter 11 Savings and financial management, make a good reserve, and relieve worries about the future (2)
When the interest rate level is high, or the current interest rate level may be higher than the future interest rate level, that is, the interest rate level may be lowered, those who do not have flexible investment time (such as office workers who go out early and return late every day), continue to deposit Regular savings are ideal.Because, when the interest rate level is high or the interest rate may be lowered, depositing a time deposit with a longer term means that a higher interest income can be obtained, because the interest income is calculated on the basis of the interest rate on the date of deposit. For the time deposits deposited before the deposit, the interest is calculated and paid according to the interest rate level of the original deposit date throughout the deposit period, so higher interest income can be obtained.

When the interest rate level is high, or the interest rate may be lowered, securities in the financial market (such as stocks, treasury bonds, and corporate bonds) are often at a low price and a relatively high yield level. If the interest rate is lowered, it will It will further promote the rise of stock and bond prices.Therefore, under the condition that the interest rate may be lowered, those investors who have certain investment experience and can flexibly control the investment time can also take out the deposits that have matured and selectively buy some bonds and stocks. And after the stock price rises, you can get higher investment returns.Of course, the reduction of interest rates does not mean that all securities will rise at the same rate. Some securities will increase more, some will increase less, and may not even rise.Investors should carefully analyze the options.

[-]. For some groups, regular storage is a wise choice
When the market interest rate is low or the interest rate is likely to increase, for the deposits that have matured, you can choose to invest in other ways with higher yields (such as government bonds), or you can choose savings products with a shorter maturity Continue to switch deposits (for different periods of time, such as switching to a half-year fixed deposit after the expiration of the 3-year fixed deposit, you need to go through the formalities at the savings institution) to wait for better investment opportunities, or wait for the deposit interest rate to increase, and then transfer the due deposit The short-term fixed deposits should be replaced with longer-term deposits.

For those retirees who have low income, do not know about the changes and trends of interest rates or have slow information, and have low risk tolerance, it is more ideal and wise to choose a longer-term fixed savings deposit.Because the 3-year or 5-year time deposits are not only safe, but also easy to deposit and withdraw. Most savings institutions also provide automatic rollover services for mature time deposits, so depositors will not forget to withdraw or switch deposits due to maturity affect interest income.

Depositors can avoid the risk of interest rate fluctuations to a certain extent and strive for higher returns by choosing investment methods and savings products based on the analysis and judgment of interest rate levels and changing trends, combined with their actual conditions.

Add ten "safety locks" to your savings

Many people now feel that their savings will not be at risk when participating in savings, which will allow them to give birth to "children" safely and securely.In fact, this is not the case. The safest financial management product savings also have hidden risks. For example, if you choose a "fake" bank, your deposit will be cheated; If the deposit certificate is accidentally stolen, the deposit will be claimed by others.So, how to prevent the risks in these savings and financial management?Financial experts suggest that you might as well add ten safety locks to your deposits, so that your deposits will be safe and make money.

[-]. Be careful when choosing a bank

If you want to make savings deposits, it is very important to choose a bank. Only banks with high reputation, strong strength and approved by the China Banking Regulatory Commission can deposit your money there, and your money will be more secure.Regular banks such as Agricultural Bank of China, Industrial and Commercial Bank of China, Bank of China, China Construction Bank, and Postal Savings Bank are the best ideal choices for depositors.

[-]. Deposits into monitored banks
Entering a monitored bank to make savings deposits, depositors' deposits can always be under surveillance, and their deposit safety can be relatively guaranteed.For example, if the depositor's deposit certificate is stolen and someone else comes to claim it, under the bank's monitoring, even if the claim is successful, the monitoring person will help the police solve the case in time and recover the economic loss for themselves.

[-]. Try to choose fixed deposit
When people go to the bank to make savings deposits, they should try their best to choose time savings deposits when they choose to save. If they deposit their money in regular savings, their deposits will be relatively safer, because the fixed savings deposits are not yet matured for withdrawal , must show the depositor's valid ID card, even if the unexpired time deposit certificate is stolen separately, there will be no fraudulent claim.

[-]. Properly handle invalid receipts

When going to the bank to make savings deposits, some business banks require depositors to fill in deposit and withdrawal receipts. People must not throw them around, and even if they lose them, they must be shredded, or use the automatic shredder provided by the bank to shred them all, and handle them properly, so as to prevent others from falsely reporting the loss of depositors based on the depositor information on the voided receipt. self-inflicted financial losses.

[-]. You may wish to present your seal when withdrawing

In order to protect the safety of people when making savings deposits, banks have opened a variety of withdrawal methods for savings deposit withdrawals, and withdrawals with seals are one of them. Although this deposit withdrawal method is relatively troublesome, it is more secure. If depositors are not afraid of trouble, for the safety of their savings deposits, it is not a bad idea to choose this method.The same seal is generally not easy to forge, and this withdrawal method is that the seal that the payer takes when withdrawing money at the bank must match the seal reserved by the bank before the deposit can be withdrawn, so in this way, even if the depositor loses the savings deposit certificate, If you keep the seal in your own hands, it will be difficult for criminals to claim savings deposits.

[-]. Withdrawal by ID card

Withdrawing with ID card is also a means for banks to further prevent people's deposits from being fraudulently claimed. Now banks have this kind of business. Its safety is that when people make savings deposits in banks (only for themselves), the bank will take A copy of the ID card is kept at the end. When the depositor withdraws the savings deposit, he must present the original deposit certificate (folder) and reserve the ID card before he can withdraw. The safest point is that it will not be stolen by others. The withdrawal must be It is me, and no one else can replace it. In this way, even if my deposit slip (fold) and ID card are lost together, criminals cannot easily withdraw money in the bank.

[-]. Master the phone number of the depository unit

For depositors, if they go to a bank to make savings deposits, it is best to know the bank's service number and keep it in mind.It is also very important for depositors to know the service telephone number of the depository unit.The reason is that once the depositor's deposit certificate is lost, he can get in touch with the depository unit in time and report the loss verbally because he has an accurate grasp of the service number of the deposit bank. Outside the door of the deposit, it further prevents the risk of your own deposit being fraudulently claimed.

[-]. Register the relevant elements
If the deposit certificate (folder) is lost, the depositor cannot accurately provide the relevant elements, and the bank staff will not be able to report the loss to the depositor, so that the depositor's savings deposit will be at risk for a long time.How to avoid this situation?It is the best solution for the depositor to register the relevant elements of the deposit certificate (folder) in detail in time after returning home.Relevant elements that need to be registered include: deposit institution, deposit certificate account name, deposit amount, deposit term, date of deposit, account number, etc.As long as the depositor has made such relevant registration, even if the deposit certificate (folder) is lost, the depositor will have evidence to check, which provides a strong basis and guarantee for himself to report the loss in time.

Nine, set up a special folder to keep the deposit certificate

The certificate of deposit (folder) is the basis for the depositor to withdraw the savings deposit at the bank.Therefore, depositors must take care of the deposit certificate (folder) and keep it carefully to prevent the safety risk of savings deposits caused by loss.How to keep it more scientific?Financial experts suggest that depositors should set up a special folder for safekeeping, and put it in a place where children and others are not easy to find, so that the safety of their savings certificates will be relatively guaranteed.Don't mess it up.

[-]. Documents (folds), certificates, seals and passwords are kept separately
Deposit certificates (folders), valid identity documents, seals, and passwords are the most important tools for depositors to withdraw savings deposits. These tools are indispensable when handling some withdrawals.Therefore, when depositors are keeping these tools, it is best to keep them separately. In this way, even if the depositor's deposit certificate (folder) is lost, it is difficult for criminals to claim it.

Financial management should always maintain awareness of risk prevention, even for the simplest financial management method savings.Ingeniously add a few safety locks for your deposits to prevent accidental loss of deposits, and make your deposits safe and "generate money" for you.

Wake up the "sleeping money" lying in the card

Xiao Zhang works in a foreign company with a relatively high income.Still living with his parents, he usually doesn’t have much to spend money on. His personal expenses of 10 yuan a month are more than enough, and the wealth in his salary card accumulates quickly.Xiao Zhang is very busy with work and doesn't make any investments, so he never cares about the amount in the salary card. Anyway, it is stored in the bank, and the bank will give the amount of interest once a year.Only when the card has accumulated tens of thousands of yuan will he make up his mind to take the time to queue up at the bank and withdraw the money for a regular deposit.

In fact, Xiao Zhang has unknowingly lost a sum of income due to this practice, which is a waste of his own property resources.Because all the large deposits in his bank card are the interest of demand deposits.

So how to make the funds in the personal salary card more profitable?Is there an easier method of operation?
You can use the bank's automatic appointment transfer service, that is, the automatic mutual transfer between fixed demand deposit accounts.Some banks load the automatic agreed-upon transfer on telephone banking and online banking. After becoming a registered customer, you only need to make a phone call or click on the Internet to transfer the current account.And Shanghai Pudong Development Bank, China Merchants Bank, Agricultural Bank of China, etc. have also opened a real automatic agreed transfer service. There is no need to go to the bank, make phone calls, or surf the Internet. If the amount in the card exceeds the agreed base, the bank will automatically complete the transfer.

(End of this chapter)