Yu'ebao's yield fell below 1.5%, 100,000 yuan a day, the income was not enough to eat bowl of cold skin

How should citizens invest in financial management?

　　Wages were paid "one-click transfer to Yu'e Bao", and many citizens were used to this kind of financial management. However, Yu'ebao's yield has continued to fall. After the annualized yield fell below 2% in early April, Yuyuebao's 7-year annualized yield has dropped to 1.4410% yesterday, with 10,000 copies of income only 0.3901 yuan, less than the bank's one-year regular Deposit interest rate. The income continues to shrink, how should citizens manage their finances?

　　Monetary fund collective weakness

　　The yield of over 90% of products is less than 2%

　　In June 2013, Tianhong Fund teamed up with Alipay to launch Tianhong Yuebao, the first Internet fund in China. Compared with other monetary funds in the market, Yuyuebao has successfully opened the era of "small money management" of Internet finance by virtue of its small amount, decentralization, convenience and other advantages and its channel platform advantages. In 2016, Yu'ebao's profit rate reached a maximum of 6.963%, 10,000 yuan can get 2 yuan a day, and each user can save up to 1 million. Due to the considerable income, many users have taken out the money put in the bank and placed it in Yu'ebao.

　　If you have 100,000 yuan, if you buy Yubao in 2016, you will get about 20 yuan a day, which is enough to eat a bowl of steamed buns or a hearty "Sanqin set meal". Today, Yu'ebao's revenue has dropped from 6.637% in the highest period to 1.4410%. Now, with the same 100,000 Yuan depositing balance treasure, the interest for one day is only 3.91 Yuan, which is not enough to buy a bowl of Liangpi.

　　Affected by the epidemic, the global liquidity investment has been further increased this year. The loose funds have led to the continued decline in market interest rates, and the yield of money funds has inevitably declined. Statistics show that as of June 15, of the 457 currency funds, only 29 had an annualized return rate of more than 2% on the 7th, accounting for 6.35%. There are 27 with a yield of less than 1%, and the lowest yield is only 0.072%.

　　It’s a thing of the past to make money without losing money

　　More than 20 banks' low-risk wealth management products suffered losses

　　While the yield of Internet "baby" wealth management products such as Yu'ebao has declined, the income of banking wealth management products has also shrunk, and the risks of wealth management products have also increased.

　　Recently, due to the decline in the net worth of wealth management products, the wealth management products of the two banks were pushed to the air by investors. A financial product sold by a bank subsidiary, "Ji Ji Kai No. 1", had an annualized return of -4.42% in January. In addition, an investor said that buying a bank's 90-day, 180-day, and 270-day growth wealth management accounts for a total of about 3.8 million yuan. However, in less than two months, it lost 30,000 yuan in profit and loss, sometimes even 7,000 yuan a day.

　　Why are there losses in fixed income products such as bonds? Chen Xinchun, deputy general manager of Puyi Standard, said that bank net worth wealth management products are generally valued using the market value method and cost method. After the implementation of the new asset management regulations, bank wealth management started a net worth transformation, switching the valuation method from the original amortized cost method to the market value method. The bond market has generally declined recently, and valuations based on the market value method have resulted in a large decline in the net value of bond wealth management products, and even negative returns. This has led to this wave of loss-making events. The latest share of more than 20 bank wealth management products has a net value of less than 1, and the vast majority are fixed income wealth management that has just been established.

　　Trust wealth management favored by high-net-worth clients has also been frequent "thunderstorms" recently. The rumor of "takeover" has not been smooth. Recently, a news that "Sichuan Trust's multiple fund pool products have been overdue" has caused industry attention, and risk has become the primary factor considered by most investors.

　　Reasonable choice of financial products

　　Preferable national debt and large certificates of deposit for stable financial management

　　"Treasury bonds are of fixed interest rate and fixed maturity. If you intend to invest in the medium and long term, you may wish to consider treasury bonds, which have long-term stable returns and almost zero risk." CCB's financial planner introduced that treasury bonds are national bonds issued by the Ministry of Finance. Endorsement is basically without risk. Therefore, the national debt has become the product with the highest credit rating and safety factor among all investment products on the market.

　　This week, it will usher in the third special tender for issuance of bonds in Chinese history, with a scale of 100 billion yuan. There are two types of maturities, five-year and seven-year periods, each with half the scale. It will be available for trading on June 23. Anti-epidemic special treasury bonds will be issued in book-entry treasury bonds. The main target of book-entry treasury bonds is institutional investors, and individual investors can also purchase them.

　　Comparable with the security of government bonds, there are also large bank deposit certificates. According to the staff of ICBC, large deposit certificates guarantee principal and interest, and now interest rates rise more, which is very suitable for investors to lock in long-term returns. Large deposit certificates are bank deposits, and the issue process and supervision are strict. They also need to pay deposit reserves and deposit insurance premiums, and their safety is guaranteed.

　　Financial experts reminded that at present, there are many large bank certificates of deposit products on the market, the income is different, the duration is different, and the method of paying interest is different. Citizens may wish to "shop around" before buying. In addition, investors should change the way they used to buy wealth management with their heads closed and their eyes closed, and should choose wealth management products that suit their own risk tolerance. Reporter Wang He