Zhejiang merchants are deeply involved in the Xiangyuan series financial product redemption crisis
Many people have lost money because the yield is around 4-5%, which has relaxed everyone.
In 2019, many local banks also had this level of deposits.
Financial products still carry considerable risk, especially those with high thresholds, like some trust products that often fail.
Many people make money based on luck, so it's easy to be harvested in fields they are not good at, like investment and wealth management, which is a lifelong learning field where we must always pay attention to risk control.
Observation and due diligence are very important. I often see people comparing prices when shopping online, looking at what different platforms offer, and even if buying on JD, they want to use JD coupons, on Taobao use Taobao Alliance, and on Pinduoduo use DuoDuo Jinbao, earning their own shopping rebates. However, when it comes to investments, they often don’t have time to read through the explanatory materials and directly invest their hard-earned savings.
For this kind of financial management, it mainly depends on where the investment is directed and the personal strength of the boss. Just seeing three listed companies and the so-called state-owned background is not enough to conclude that their strength is solid; one needs to dig deeper.
I usually look at the bank's assessments. The current reality is that banks find it very easy to lend to state-owned enterprises but are more cautious with private enterprises. For instance, if you are a corporate legal person, obtaining some high-end credit cards is much more difficult than for ordinary workers.
@珍妮BTC So when investing, try to avoid private enterprises as banks do not trust them; how can you dare?
I can only say too young too simple
@神话BTC The luck mentality is too serious; there aren't that many black swans; in most cases, what we face are gray rhinos.
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I may not necessarily be right, even if I am very confident about some content. I am not close friends with these people, and I have no interest in changing them. Sometimes, I even have a morbid curiosity in watching these skeptics meet misfortune.
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