How to solve the risk of gambling stone

Mr. Chen is a successful jade businessman with elegant appearance and extraordinary conversation. He was just five years ago and he was acutely aware of the business opportunities of Jade Jade, relying on his savvy minds and constant commercial experience. Today, Mr. Chen has run a budding jade store in the famous antique market in Shanghai.

Since 2004, the price of jadeite has been continuously rising, and by 2009 and 2010, it has ushered in a brilliant rise in capital feast. After the earthquake in Myanmar affected the supply of rough stones in March this year, the price of jadeite in Shanghai rose by 30% in mid-January. In addition to the taxes and costs of store operations, Mr. Chen’s personal income threshold of 500,000 yuan per year has quietly crossed. Looking at the growing scale of his business and his growing profits, Mr. Chen is very happy and full of confidence. However, at the same time that wealth is snowballing, Mr. Chen still has some financial puzzles that “has been under a brow, but he is up.”

Confusion 1: The "Crazy Stone" has a hidden sense of instability

Not to mention how long the inflation of jade prices under the speculation of inflation and hot money can last for a long time. Running a jade shop itself carries great risks. Every year, Mr. Chen has to carry 3 million yuan by plane to Myanmar to buy raw materials several times. Those who know this line of business know that the raw material for buying jade is called “gambling stone.” The jadeite that the locals have just discovered from the mountain has a layer of weathered skin and can't know whether it is good or not. quality. Jade merchants often spent a few million yuan to buy a piece of jadeite raw material, the skin is colored, the surface is very good, when you saw the first knife you saw the green, but it is very likely that there will be no more fetal quality and you will not be able to make crafts. Million dollars are wasted.

"The gods can hardly close the jade. The master often misses." When jade was underground, it was mysterious and no instrument could detect it. When it came out, it was covered with a layer of rocky hulls. What was inside the husk was still unclear, so every year Mr. Chen had to bet on such a high risk. In addition, he has been busy with hard work for the past few years, and he has no insurance plan. "Think about it always feels that life is not stable."

Confusion 2: Whether the interest rate increase period should be repaid in advance

In 2008, Mr. Chen’s family bought a set of apartments in the inner ring at a discount of ** at a rate of RMB 3.5 million, and now there is still about RMB 1 million in the balance (30-year period). Since the interest cycle, Mr. Chen’s concerns about interest expenses have been growing. Taking into account the time of not buying raw materials, the current account can always retain 2 million to 3 million yuan of funds, but afraid of business urgently, can not exist on a regular basis, Mr. Chen is considering whether a one-time repayment to deal with the continuous increase in interest rates influences. However, such a choice is a dilemma, one-time repayments, one-third of their liquidity suddenly removed, affecting the size of shops to buy raw materials to do business. There is no one-time repayment, so many current funds are idle, and we have to deal with the monthly increase that is increasing every month after raising interest rates. It seems that the use of funds is inefficient and it is not worthwhile. "So, I really want to have a financial planner to help me out."

Confused three: how to better arrange life

Although the business opportunities are unlimited, in Shanghai, the pressure of life is still very large. The monthly expenses of eating and transporting a family must be around 8,000 yuan each. To cultivate a 7-year-old “early pearl”, Mr. Chen reported many artistic interest classes to her daughter. The monthly tuition fee is also about 2,000 yuan. In addition to the family's 30,000-yuan tourism plan each year, Mr. Chen spends 100,000 yuan a year in entertainment and aircraft on and off the mall. Now that the family has 3 million yuan in cash and stocks that live and about 700,000 yuan, Mr. Chen feels that he should make good use of his own funds and rationally plan revenues and expenditures.

SPDB Shanghai Huangpu Sub-branch AFP/National Financial Planner Xu Yuyuan

In the eyes of others, the "Jade Boss" Mr. Chen's career caught up with the "early time" when jade prices soared, and he also took the "geography" of Shanghai's prosperous purchasing power. When he went to work, he watched with a variety of emerald jade rings, burning incense and light tea, and customers. In fact, it is a successful businessman who is “envying and hating”. Explain that Mr. Chen is a very wealthy person.

However, the fast-paced, high-risk shopping mall also brought some hidden trouble to Mr. Chen’s happy family. Hard work needs to try risks, but family finances must be managed steadily, otherwise it is very dangerous.

Robust protection resolves risks

A careful analysis of Mr. Chen, the top pillar of the family, despite the high income, the operation of the jade wares is subject to a very large financial risk. If you take a look at the stone, you are very likely to quickly fall into debt and affect future family finances, especially children's education. Gold and couple pension planning. Therefore, it is necessary for Mr. Chen to be prepared for frail, illness, operating liabilities, etc. when the funds are abundant. Taking out a portion of the income each year to purchase insurance not only meets the need for protection, but also can apply to insurance companies to apply for a policy ** when the cash flow does not work. Therefore, from the perspective of financial management, the purchase of appropriate insurance products is a sound and necessary financial management strategy.

Mr. Chen should first consider serious illness and accident insurance. The hard work and entertainment, together with the high pressure of high-risk "gambling stone" investment, made Mr. Chen rich and powerful, but it is easy to be sub-healthy. Once he suffers serious illness, he will certainly affect the development of family and business. It is recommended to prepare an insurance with an amount greater than five times the annual expenditure of the family, such as a one-year life-long major disease insurance with an insured amount of 1 million yuan. With the current good income, the medium-term payment of 10 years will be paid, and annual payment of 15,000 to 20,000 yuan will be paid. At the same time, it is also possible to obtain at any time the policy pledge service provided by the insurance company to facilitate the urgent use of funds.

In case of accident insurance, at least one million yuan basic insurance coverage should be considered, and products that can provide multiple compensations for accidents caused by transport can be selected. After all, Mr. Chen travels more often and the annual expenditure is only 1800-2000 yuan, not Calculate high.

Medical insurance and pension planning can be based on the previous life insurance, plus the purchase of insurables and medical insurance insurers, and according to their own business plan, to buy some short-term annuity insurance. In this way, under the premise of fully controlling the risks of life, we can consider the family wealth investment plan.

"Dumping loans and double interest" should raise interest rates

On April 6th, the one-year benchmark deposit rate of financial institutions increased again by 0.25 percentage point, which raised the interest rate (home loan interest rate) over the five-year period that the mortgage family paid attention to to 6.80%. However, Mr. Chen successfully applied for a 70% discount interest rate that year, equivalent to such an annual interest rate of more than 5 years ** only 4.48%, the current loan repayment is relatively uneconomical. Since the bank loan will be re-financed after the loan is repaid, it will be much higher than the current interest rate. It can be said that the 70% interest rate is now a scarce resource. Therefore, Mr. Chen’s current repayment on schedule is more cost-effective than resuming after **.

If Mr. Chen is concerned about the idleness of current funds on the account, consider a home loan financing business called "depository and loan double-benefits", which will allow deposits to remain in the daily accounts. Once a certain amount is reached, they can follow certain requirements. The ratio deducts mortgage interest. At the same time, this product adopts a daily settlement method, where the funds can be accessed at any time. Once a good investment opportunity is encountered, this part of the fund can be directly used to invest. Every year, Mr. Chen buys raw materials from time to time, and puts liquidity in both deposits and loans. This not only improves the efficiency of capital, but also allows him to access and use freely at any time.

Of course, Mr. Chen should also devote a part of his financial income to the accumulation of family wealth while at the same time focusing on the business of hard work. In the case of satisfying the operation, he will make extra funds for some stable financial management, such as bond and ** fixed investment. As far as investment in gold is concerned, the overall risk of dispersal of household finances is also decompressed for their own investment.