In life, many people put too much energy on how to develop the "front-end" way of their own income, and often ignore the scientific financial management and the "back-end" way of making money.

Or do not understand the suitable way of investment and financial management, take the money in hand and waste the opportunity of asset appreciation, because do not know the professional knowledge leads to investment confusion and disorder, do not make a profit but lose money.

Based on this, her sister and her good friend plan Juncong.This paper summarizes 24 kinds of financial management methods suitable for the public in terms of participation threshold, risk, investment cycle, capital flexibility and return.I hope this will give you a deeper understanding of how to manage money scientifically and how to choose your own suitable way of managing money.

What we bring to you today are 24 ways of public financial management--MoneyThe fund.

The recent market volatility is still some big, stock trading partners are always "green mood", and even many hot funds have been scolded on the hot search.
In this "break-even is profit" market, is there a fund product that can not only worry about but also make a solid profit?

There is, and the planner believes that most people are familiar with it. It isMoney fund.

Money fund can be said to be one of the most basic tools for introduction to financial management, and the baby products such as Yu'e Bao that we are familiar with actually belong to the category of money fund.

What is a money fund?

A money fund is a fund that invests all its assets in short-term money market instruments.

Such as cash, bank time deposits of less than one year, large certificates of deposit, or bonds with remaining maturity of less than one year, bond repurchase, bank bills and other risk-free or low-risk assets.

Because of this, money funds are the least risky of all fund products.

What are the characteristics of money funds?

1. Easy to operate

There is no handling fee for the purchase and redemption of the money fund, and the threshold is very low, starting with a minimum of 1 cent. it is very suitable for storing emergency reserve funds and daily spare money. We can regard it asCash management toolHere, use it.

2. The risk is very low

Since the investment targets of the money fund are low-risk and risk-free assets, the risk of the money fund itself is very low, withQuasi-savingsThe characteristics of.

3. High liquidity

Money funds have the characteristics of high liquidity, the arrival time is very fast, and the account can be reached on the same day or the next trading day of redemption.
Generally speaking,Money funds with less than 10,000 yuan can be redeemed by Trap0. If the redemption amount exceeds 10,000 yuan, you need to wait for Thum1 to redeem the money.Of course, the transfer limit of each platform will be different.

4. The income is very low

Two indicators are generally used to measure the returns of money funds:Seven-day annualized income和Ten thousand profits.

Among them, seven-day annualized income refers toThe annual rate of return converted from the average return per 10,000 fund shares of the money fund over seven natural daysThis rate of return calculates the average income level of the monetary fund over the last seven days, which is used to estimate the recent income level, while ten thousand returns refer toAt some point in the moment, the income that can be generated by a money fund of 10,000 yuanThis is a static indicator.

In recent years, with the gradual decline of market interest rates, the returns of money funds are getting lower and lower. Take the well-known Yu'e Bao as an example, from a seven-day annualized yield of nearly 7 per cent at its peak in 2014 to almost falling below 1.5 per cent a few days ago.

On the whole, money funds haveExtremely low risk, good liquidity and low return等Characteristics.

Although it is not suitable for people to use it as the main asset allocation tool, it is good to use it to deposit emergency petty cash or daily spare money, at least to ensure that this part of the money can be withdrawn on demand and earn a little extra interest.

How to buy the right money fund?

Since it is an investment, of course it is which one to earn and which to buy.

Although the decline in the returns of money funds is an inevitable trend, in this market environment, how to select money funds with better money-making effects as much as possible? We can start with the following three points:

1. Pay attention to the old monetary fund

Although there is little difference in the thickening returns caused by the differences in the management of money funds compared with stock-biased funds, in general, the longer the establishment of money funds, the more experienced the fund management team will be, and the income fluctuations will be relatively stable.

2. the size of the fund should be moderate.

Many people think that the bigger the money fund, the better. In fact, it is not exactly.

Although the scale of money funds is generally much larger than that of other types of funds, if the size of money funds exceeds 100 billion or even trillions, it will be very difficult to manage, and the operation of fund managers will tend to be conservative, such as holding a large proportion of cash. in this way, the returns will be relatively low.

Generally speaking,It is suggested that it is more appropriate to choose a monetary fund of 10 billion-40 billion scale.It can not only ensure the liquidity of the money fund, but also facilitate the flexible management of the fund manager.

3. The higher the proportion of retail investors, the better.

Not only are we ordinary people willing to use money funds to manage spare money, many large institutions also have the need for cash management, their investment is generally large, generally hundreds of millions of dollars.

That is to say,Once the institution redeems, it will have a certain impact on the stability and income level of the monetary fund.

Therefore, it is recommended that you choose as much as possible.Money funds with more than 60% retail investorsIn this way, we can avoid the fluctuation of income caused by huge foreclosure as much as possible, which can be found in the structure of fund holders.

In addition to measuring the rate of return, convenience is also a very important dimension of choice, because there are so many purchase channels for money funds, throughOfficial websites of banks, fund companies, securities companies, third-party fund sales platforms, etc.You can buy money funds.

Before you get to the money fund, you can choose a convenient platform to buy according to your investment habits.

For example, if it is spare money in a securities account, you can buy an on-the-exchange money fund. Its trading operation is similar to that of stocks. There is a trading commission, and the threshold is usually 100 yuan, but when it is redeemed, it can be redeemed.

If it is the spare money in the wage card, you can choose the higher-yielding money fund in the online banking app to invest, and so on.

The necessary skills for buying money funds

Although the trading operation of money funds is very simple, there are also a lot of skills. There are mainly three points to pay attention to:

1. Choose to buy when the capital is tight.

The tighter the market, the higher the yield of the money fund.

Generally speaking,At the end of the month, the end of the quarter, the middle of the year and the end of the yearThe capital side of the market is relatively tense, and the rate of return of money funds at this time will be a little higher than usual. It is suggested that we can buy money funds at these time points.

Do not apply for purchase on Friday and the day before the holiday

As a member of the fund familyThe trading rules of the money fund are also implemented in accordance with the working day principle of the fund transaction.。

If you apply for a money fund on Friday, there will be no return on Friday, Saturday and Sunday, which is equivalent to a waste of three days' time cost. However, it is more appropriate to redeem on Friday, because there is also a profit on weekends.

By the same token, if you apply for a purchase the day before the statutory holiday, and start to calculate interest on the next trading day, you will lose the income of the intermediate holiday.

Take this year's National Day (2020) as an example: if you want to enjoy the benefits of the eight-day National Day holiday, you should buy before 3pm on Tuesday, September 29, so that interest will be confirmed and calculated on Wednesday, September 30.

But it's important to note thatSome foundations stop applying for purchases a few days before the holidays, so try to buy as early as possible, depending on the notice of each fund.

3. Choose goods-based products with good liquidity

At present, the redemption rules of money fund products on different platforms are slightly different, especially in the daily limit and the duration of redemption.

Generally speaking,The time for redemption of money funds ranges from 0 to 2.It is recommended that you carefully look at the transaction rules before buying and choose the fast channel to buy as much as possible. After all, the difference between the returns of money funds will not be particularly obvious, we buy it mainly for high liquidity, but can not get to the account when we use the money, it will be embarrassing.

Today, I have explained to you the money funds in 24 ways of public financial management. I believe you have a deeper understanding of the goods base after reading the article.