Wealth management strategies for different social classes:
1. The core of wealthy people is to preserve their wealth.
Since they are already rich, there is no need to take risks anymore. By not making unnecessary moves, they have enough for several generations.
So now wealthy people are saving, keeping their money in banks; currently, 2% of the population holds 83% of the deposits.
If they really feel the urge, they can try low-cost experiments to seize opportunities for excess returns.
2. Small business owners and the middle class with some money.
I believe the primary goal is to achieve the appreciation of wealth and assets in a relatively efficient and safe manner.
The future is an era of low leverage; do not recklessly use leverage, as it can easily lead to losses.
One must continually learn, enhance their expertise, and improve their ability to earn money. This requires a dual approach: on one hand, improve one’s career to enhance value and earning capacity; on the other hand, improve investment skills to obtain relative excess returns.
3. People without money.
They can only increase their value by working hard to gradually improve their earning ability.
Without money, one must save. For low-income individuals, money is the seed for your future life; save it and seek opportunities for excess investments, and take a chance.
The less capital you have, the fewer opportunities there are; it is indeed very difficult.
One can only continuously accumulate their skills and value, slowly climb upwards, and gain opportunities for social mobility.
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