Financial Market Continues To "Cool Down" How People Manage Money

In February, the average expected yield of RMB financial products was 4.14%, down 0.08 percentage points from last month, and continued to decline. The bank financial income has fallen below 4%, the stock fund income has been "lost", the interest rate of the bank has lost its inflation. In the face of declining financial returns, how should ordinary investors handle their money?

"Now the interest rate of a one-year deposit is as low as 1.5%, and the money can not be run in the bank, and the rate of return is less than 4%. I really don't know how to manage my money. " Shanghai white-collar Chen Chen found that no money is reasonable, money "hit" in the hand.

According to the annual report (2015) of the Bank of China (601988) industry financial market released by the central government debt register Clearing Corp, the weighted average annual yield of closed financial products in 2015 was only 4.69%, which was significantly lower than that of 2014's 5.06%.

The recent 360 released data show that since 2016, the yield of financial products has continued to decline, and has dropped to 3.92% in the past week. With the easing of market liquidity, the future yield will be further explored.

According to the bank data, in February, commercial banks issued 3651 financial products, a decrease of 29.22% compared with January. Li Zhen, analyst at Warburg securities, predicts that the growth rate of bank financing in 2016 may continue to slow down.

Fund income is also shrinking. According to Shanghai securities data, in the past February, due to the large volatility of A shares, all kinds of funds were negative income except bond funds. The average net returns of stock, mixed and index type are -2.30%, -1.12% and -1.96% respectively. This month, only 19 of the equity funds held in the hands of the fund were positive, and 17 fell by more than 5% in a single month.

Yen Zi Jie, an analyst at the Bank of China, said that on the one hand, monetary policy flexibility and stability will continue in 2016. On the other hand, since the second half of last year, debt default and exchange rate fluctuations have taken place frequently. The overall risk of asset side has increased, and the bargaining power of high-quality assets has increased. Low interest rate In the environment, bank financing is becoming more and more difficult to find robust assets projects with high return on investment in the market.

"Under the current low interest rate environment, the return on investment in bank financing is unlikely to rebound sharply. However, the first quarter is the bank's traditional peak season marketing time. Deposits, financial management, customer additions and retention are still the focus of assessment. Accordingly, it is expected that the yield of bank financial products will maintain a stable trend of small fluctuations at a high probability before the end of March. Investors can focus on the products issued by some joint-stock banks and large city commercial banks during this period, and the returns are relatively high. Yan Zi Jie said.

In the fund type, bond funds are good choices. Data show that in the past year, the average cumulative yield of bond funds reached 7.81%, and the net value rose slightly by 0.21% last month, which is better than bank financing and baby funds.

However, Wang Bosheng, an analyst with Shanghai securities fund, believes that the fund's earning effect is still in existence. In the short term opportunities or more in the structural market, investors can choose corresponding funds according to their own risk preference, and adjust accordingly according to the market situation.

Similarly, with the global macroeconomic slowdown, the US dollar interest rate hike, the financial market turmoil, capital flows into gold hedge, gold has once again become the darling of the market. At present, the New York Mercantile Exchange gold futures price lingers around 1260 US dollars / ounce, the cumulative increase this year has been close to 20%, is a relatively good performance of large class assets. The physical gold market is once again "revitalized".

Experts suggest that gold as a hedge asset has a certain value preservation function and can be properly configured. However, there are still big differences in the market trend of gold prices. UBS International Group recently "Sang empty" gold, that the high gold price situation is not sustainable, it is appropriate to make profits as soon as possible.

Facing the present Financial market Lack of short-term profit products, experts suggest that we should not pay too much attention to short-term financial management and make long-term plans.

Yan Zi Jie suggested that as a relatively sound asset allocation channel, fixed income products such as bank financing will remain a good choice, and the longer the term of financial products is, the better the income will be.

"The maximum annual interest rate is 16.2%", "the background of state-owned assets, capital preservation and interest protection". Similar publicity is common among street and community in some cities.

"Almost no financial product can be done at the same time. High yield "Super low risk, flexible access. If we encounter similar propaganda, consumers will have to carefully discriminate." Qiu Baochang, lawyer of Beijing Huijia law firm, reminds us that we should strengthen the openness and spanparency of information and ensure that consumers are fully informed.

Market participants believe that in the case of declining revenue from traditional channels, the average expected value of new financial products, such as Internet banking, precious metals investment and P2P net loan, is relatively high and attractive. In recent years, these social financing institutions have increased rapidly, resulting in many risks and problems. Public information shows that in 2015, China's financial crimes frequently occurred, and P2P, financing guarantee and other areas crime of illegal fund-raising broke out in a blowout, an increase of 48.8% over the previous year.

Experts remind that investment and financial management should choose products according to their own risk bearing ability, be alert to the temptation of high yield, and emphasize risk matching. Investment and financial management should not blindly follow suit. We must understand the investment platform and products and other related information, and believe that "heaven will not lose". We should seize investment opportunities and keep our "wallet".