Taboo of family investment and financial management

Nowadays, family investment and financial management is showing an unprecedented trend of diversified development. However, every family has to choose the right investment mode according to its own actual situation. It should consider a variety of factors and make investment decisions carefully. Specifically, it should achieve "five Taboos":

One taboo ignores one's own strength. For example, if one's own capital was limited, he would not hesitate to borrow money in order to follow the trend of speculation in real estate, which is obviously beyond his capacity. Once the risk comes, the consequences will be unimaginable.

Second, do not respect economic laws. For example, if you do not consider the cyclical changes of economic development and do not make your deposit cycle consistent with the economic development cycle, it will be difficult for you to achieve the maximum interest rate of savings deposit.

Three taboos are not good at developing strengths and avoiding weaknesses. Family investment and financial management should be based on the actual situation of family members, give full play to their own advantages, and avoid not considering their own professional nature and knowledge quality.

Four don't worry about the cost of computers. The time value of money is also a factor that can not be ignored in family investment and financial management. The so-called time value of money means that money has different values at different times. Generally speaking, it is gradually appreciated with the passage of time.

Five taboos do not consider long-term benefits. As the actual situation of each family is very different, in the specific investment and financial management, we should be based on the current, pay attention to the long-term.