What are the misunderstandings of financial management for the elderly?
1. Trust other people's financial advice and invest in high-risk financial products.
Different people are suitable for different financial products, and what suits them is not necessarily suitable for others. Some elderly people don't blindly follow the trend when they hear some financial advice from others, and they don't consider whether it is suitable for them. Therefore, when they manage their finances, they should learn more relevant knowledge and have their own financial management concepts.
Some old people are in poor health, especially those with bad hearts. This advice is not to buy high-risk financial products, such as stock investment. The stock market changes rapidly. It is recommended that the elderly buy some financial products with stable income and low risk, such as money funds, pure debt funds or bank deposits.
2. Easy to be attracted by high profits.
When the elderly buy wealth management, they must not blindly pursue high interest rates, and must try their best to ensure the safety of the principal. High returns are not bad, but high risks. Therefore, the elderly must improve their judgment and understand clearly before investing.
What should the elderly pay attention to in financial management?
1. Learn more about financial management.
It is necessary to spend more time learning some financial knowledge. Don't blindly follow the trend. Mastering the most basic financial knowledge will help you make the right decision when investing.
2. Pay attention to high-yield financial management.
Some people cheat the elderly who lack financial management experience through festivals under the guise of high income. To prevent this kind of fraud risk, it is suggested that you can first understand the security of the platform or solicit the opinions of children, and then make a decision after learning from many parties.
3. Choose the right financial plan.
Make a reasonable financial plan according to your own actual situation, and make a suitable financial plan according to your own financial resources, energy and investment period. Never blindly follow the trend of investment.
4. Reasonable diversification of investment.
The purpose of investment and financial management for the elderly is to provide better protection for their later life. If all their money is bought into wealth management products, the risk is very great. Once there is a loss, they may suffer huge losses. Therefore, reasonable diversification of investment can spread risks.