How to buy bank wealth management products?

1.Investors need to go to the counter to conduct a risk tolerance test before purchasing a bank's wealth management products for the first time; The results of the test will show you which type of risk you fall into, which directly determines the type of products you can buy, as each product has its own risk rating.

2.Generally, after the risk test is carried out over the counter, you can purchase it directly on online banking or mobile banking if you buy it later.

3.If the investable funds are 100,000, try to choose financial products with an investment threshold of more than 100,000, generally speaking, the expected rate of return of this product is higher.

4.Most wealth management products cannot be redeemed before the maturity of the product, if the liquidity requirements are relatively high, you can choose the type of product that can be redeemed at any time, and the expected rate of return of this product is proportional to the length of holding time.

5.Due to the large difference in the yield of various interbank wealth management products, and the changes in each period of update are also large, investors can choose two or three banks with higher overall yield to buy, because there is still a time cost and capital cost to frequently apply for cards in various banks.

6.The expected rate of return publicized by the bank generally refers to the net rate of return after deducting the sales service fee and custody fee charged by the bank.

At present, due to the wide variety of bank wealth management products, complex terms, different terms and uncertain risks, many investors have no way to start when choosing wealth management products.

Note: 1. For the first risk assessment, you need to go to any China Merchants Bank counter or visual counter (VTM) with your card and ID card; 2. If the risk assessment is handled on non-working days, it is recommended to ask the counter whether there is a financial manager on duty, if not, the business cannot be handled.

There are many varieties of bank wealth management products, different risk levels, and the choice is generally within one year of the financial management cycle, and the risk level is relatively low, which is safer, but the return is not too high, mostly around 5%.

There are also difficulties in bank wealth management.

1. Look at the expected return and risk profile of the product.

The expected rate of return of a bank's wealth management product is only an estimate, not the final rate of return. Moreover, the bank's verbal publicity does not represent the content of the contract, and the contract is the most standardized agreement for wealth management products. As for how to choose bank wealth management products, in the current weak market environment, investors need to carefully read the product brochure when buying bank wealth management products, and do not expect too high returns from wealth management products.

2. Look at the direction of investment.

Because the direction of capital investment is directly related to the rate of return of wealth management products, it is necessary to pay attention to what banks will invest their funds in.

In addition, the bank is not a professional asset management institution, many bank wealth management products are managed by the investment consultant hired by the bank, the investment consultant is generally served by the company, the company, the level of its investment research ability to a large extent determines the product's income and risk control ability. Therefore, investors should also understand the investment research capabilities of investment advisers when purchasing bank wealth management products.

3. Look at the product term.

If you want to know how to choose bank wealth management products, you must be clear about the term of bank wealth management products, some half-year or one-year wealth management products may be issued at a high level, if this kind of wealth management products have losses, it is difficult to achieve a turnaround in the short term.

Some wealth management products have a longer term and a better designed structure, even if they are losing money now, if the market improves in the next two or three years, it is entirely possible for such wealth management products to turn losses into profits.

4. Look at the product structure and redemption conditions.

For bank wealth management products, investors need to understand the underlying of the product; For those wealth management products that they are not familiar with and are not sure of, investors need to be cautious.

Moreover, some wealth management products do not allow early redemption, and although some wealth management products can be redeemed in advance, they can only be redeemed at a specific time, and they need to pay redemption fees; Some wealth management products have a principal protection clause, but the premise is that the product must mature, and investors may lose the principal if they redeem it early.