program
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The cash pool is always guaranteed to have RMB 50,000-100,000 to cover temporary large expenses at home.
- Family insurance costs
- pay rent
- Sick parents
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As you age, in addition to investing in stocks, increase the proportion of bonds in your household’s assets (10% long term, 10% short term).
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Fixed investment in three market ETFs to reduce portfolio volatility.
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Don’t buy a house. In the next few decades, the population will continue to fall, and real estate may become a consumer good rather than an asset, so don’t think about buying a house. Spread your assets evenly among other financial assets such as stocks and bonds, and dynamically adjust their proportions every five years.
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Unemployment is the biggest financial risk and always be prepared for a harsh economic environment.
- Explore a second career to pave the way for a career after 40.
- The family prepares for 1 year of expenses. This matches Plan 1.
Don’t make the mistake again.
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Mistake #1: I invested all my cash and then had a family emergency and had to borrow money from friends and parents.
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Mistake #2: Spending too much time reading financial news, doing financial analysis of some companies, frequently checking stock account returns, and predicting economic trends.