Fiscal

For fiscal namely property (including tangible and intangible property = intellectual property rights) business. For more than personal property for personal or family property business is that the individual or individuals or agencies in accordance with the organization's current actual state of the economy, set to reach economic targets, a limited period of time within one or more classes of financial investment tools , or through a variety of ways to achieve its economic objectives of the plans, programmes or solutions. In the concrete implementation of the programme planning process, also called fiscal.
[Fiscal] meaning


First, the "financial management", first appeared in the early 1990s the newspaper. With China's stock bond market expansion, commercial banks, the retail business is becoming increasingly rich and the overall revenue increase year by year, "financial management" concept of the best-selling gradually. Personal Finance variety of personal assets can be roughly divided into species and varieties of personal debt, mutual funds, equities, bonds, deposits and life insurance and other assets belonging to individual species and the personal housing mortgage loans, consumer credit, is a personal liability varieties.

Second, what are people talking about the general financial management, think of not investment, is to make money. In fact the very broad scope of financial management, financial management is justified lifetime earnings, which is the cash flow of individual life and risk management. Include the following meanings:

① fiscal rationale life is money, money does not solve immediate problems.

② financial management is cash flow management, everyone born on a need money (cash outflows), also needs money to generate cash inflow. So regardless of whether the money, the individual financial needs.

③ also cover financial risk management. More traffic because the future with uncertainty, including physical risk, property risk and market risk will affect cash flow (income interruption risk) or cash outflow (incremental costs of risk).
[] The scope of personal finance


■ (1) to make money - Income

Life includes income generated by the use of personal resources of income, and use the money generated by the resources of the fiscal revenue income from work are people making money, fiscal revenue is money to make money, and thus the scope of fiscal and investment than money are also widely. Include:

① income include: salaries, commissions, bonuses work, such as self-employment income.
② fiscal income: interest income, rent income, dividends, capital gains, etc..

■ (b) money - Expenditure

Life, which includes individuals and families to become immates for life from birth to the cost of living, and because of investment and credit generated by the use of fiscal expenditures. Some people are spending, home alone burden, the main purpose is to make money to cover personal and family expenses. Include: living expenses include: clothing, food, recreation, and other family medical expenses. Fiscal expenditure: including loan interest payments, protection of insurance premiums expenditures, investment procedures and other expenses.

■ (c) to save - assets

Current excess of income over expenditure, savings will be generated, and each is accumulated savings assets, that is, money can help you roll the money, generated investment income of the principal amount. When elderly people, the resources can not continue to work generating revenue, they have the resources to rely on money income or financial realisable assets to cover old age requirements. Include:

① emergency reserve funds: keep cash to prepare unemployed or rainy day.
② investment: fiscal revenue can be used to the breeding of the investment portfolio.
③ purchase: purchase their own housing, car and other assets to provide value.

■ (d) loans - debt

When cash income could not cover cash expenditures to borrow money. Loans can be attributed to a temporary deficit, long-term use can purchase real estate or motor home appliances, as well as the investment used to expand credit. No loans will be repaid immediately accumulated a debt liabilities according to the balance of payment of interest, in loans repaid, in addition to living expenses each consumer, but also financial interest on the principal amortization expenses. Include:

① consumption liabilities: revolving credit such as credit cards, cash card balances, such as instalments.
② investment liabilities: such as financing Securities Lending margin, a financial leverage of the investment loans.
③ own assets and liabilities: purchase their own assets such as housing loans and car loans.

■ (5) to save money - tax saving

In modern society, not all of the income can be used to cover expenses, taxpayers from income tax, property taxes, the sale of property taxpayers, the transfer of property taxpayers as a gift or estate tax, cash flow planning how legitimate income tax savings in the planning of the transfer of property to legitimate gift tax savings or inheritance tax, financial management has become an important part of the high-income individuals become more fiscal primary consideration. Include:

① Income Tax Tax Saver property tax saving plan ② planning ③ property transfer tax saving plan (which currently use more outside)

■ (6) for the money - insurance and trust

Guarding the focus of the money in the risk management, in advance so that insurance or trust arrangements, human resources or have property protection, or when the loss occurred when available to make up for financial losses. Insurance functions when accidents occur so that the family can not cover cash income at or after the expenditure, a sum of money or are able to make up for revenue shortfall, reducing the expected life journey imbalances arising from the impact. Makes up for the loss of people or things for the protection of life and property and casualty insurance, and must pay a certain percentage of premium, once insurance when the accident occurred, claims the revenue generated by the financial disruption that could replace the income to meet family or the lives of the bereaved families expenditures, or the reimbursement claims to reduce the fiscal debt interest payments. In addition, the trust arrangements can be independent of the trust property from other private property without the recourse of creditors, has been protected from the loss of function of the property. Include:

① life insurance: life insurance, medical insurance, accident insurance, disability insurance.
② insurance product: fire insurance, liability insurance.
③ Trust.
[Financial planning steps and core --


The first step of their assets status. Including stock assets and the anticipated future income, earnings can know how many arguments, this is the most basic prerequisite.

The second step, set financial goals. From the specific needs of the time, amount and description of the objectives of the qualitative and quantitative geography to clear financial goals.

The third step, identifying what type of risk preferences. Do not do not consider any objective situation of risk preference assumptions, for instance, many customers all the money on the stock market, did not take into account parents and children, did not take into account family responsibilities, and this time he deviated from the risk of his preference to bear the scope.

The fourth step is to carry out strategic asset allocation. In all, the assets do asset allocation, followed by investment products, the timing of investment.

Financial planning is the core of the assets and liabilities matching process. Before asset is the stock of assets and income-earning capacity, and that the future assets. Indebtedness is family responsibilities, it is necessary to the maintenance of parents, the care of dependent children, for his school. The second is the goal, our goal has become a liability and a high quality of life and enable you to the assets and liabilities of dynamic match, which is the core personal finance concepts.
[Fiscal] investment hotspot

Investment has many hot spots, can be summed up in nine main areas:

■ gold:

Since the Bank of China in Shanghai specifically for individual investors launched the "golden" business, speculation has been the personal finance market is hot, investors have been the concern and favor. Especially in the past two years, the international gold prices continued to rise. It can be predicted that as China's gold gradually opening up the field of investment, the future demand for gold in the growth potential is enormous. Especially in 2004, the domestic price of gold jewelry from the price will gradually approach for integration into ad valorem fees separation, gold jewelry 5 percent consumption tax is expected to abolish these will greatly promote investment in the upgrading of gold, the speculation business personal finance will also become a bright point in the field, the real investment into the golden era.

■ Fund:

Since 1997, the first closed-end fund has successfully issued, the Fund has always been respected domestic individual investors, the Fund has been more obvious than last year deposits, a large financial investment in the priority of Aspect. According to relevant data, domestic funds this year, the net value of nearly 200 billion yuan, accounting for A shares in circulation level of more than 10%. Many investors are still very optimistic about the Fund's earnings stability, and less risky, and other advantages and characteristics and I hope that through the investments of the Fund to receive satisfactory profits.

■ shares:

Buying the shares of listed companies that buy, buy China's economic growth. At present the domestic stock market supply and demand situation is relatively optimistic, as this type of funding to promote China's stock market is undoubtedly played a powerful shot in the arm. With the China Securities Regulatory Commission on the performance of listed companies, and offered financing for the more stringent requirements, enhance the regulation of the stock market, which will bring profit to investors. But any case, the stock market is the most prominent characteristic of uncertainty, opportunities and risks associated with the co-exist. Therefore, investors should continue to maintain a cautious approach, saw the opportunity to invest.

■ bonds:

2005 is a creative bond market, which not only increased the variety of treasury bonds so that the majority of investors can have more choices. Also on the issuance of treasury bonds, and a new way of trying to reform and further enhance the issuance of treasury bonds, the market level, in order to minimize non-market factors interference. In addition, the bond market will also become a two emphasis on the development of next year. Thus, the series of innovation bonds, investors will certainly bring more investment options and greater profit space.

■ savings:

Over the years, the savings as a traditional way of managing our finances, has been deeply rooted in people's thinking of. Most residents still will be financial savings as the first choice. On the one hand, because the inflow of foreign capital China was still strong momentum in basic money supply increased on the other hand in order to appropriately control CPI and the rise in the rate of inflation, means to raise interest rates, coupled with interest rates further expand the floating range. Rising interest rates, will stimulate savings increase.

■ Notes:
In recent years, the bond market is popular unexpected. Various signs indicate that the corporate bonds issued in 2005 still possible speed, enterprise convertible bonds, floating rate bonds, and bank subordinated bonds, and so people will be likely to become good investment varieties. CBRC will be coupled with the regular sub-subsidiary debt included capital, in addition to a commercial bank's capital, seems ready to bank bonds, the bond market will be popular again played the role of adding fuel to the flames.

■ Exchange:

In recent years the dollar continued to drop, more and more people through individual foreign exchange transactions, the money was the proceeds from the foreign exchange market was also very popular. Various foreign exchange financing varieties have also introduced, such as commercial banks-the currency markets, the Bank of China and Agricultural Bank foreign exchange Sharp, the bank's Suhuitong, for investors to select. Next year, the Chinese government will continue to adhere to the principle of the stability of the Renminbi, to link the renminbi and foreign exchange businesses of foreign exchange and increasing autonomy, and other measures to promote the healthy development of foreign exchange market. Therefore, the analysis of experts, to invest next year in the foreign exchange earnings of space will be more opportunities will be more.

■ insurance:

And other non-fire insurance market compared with a yield of insurance been introduced, people will be much sought after. Insurance proceeds of more common varieties, it has not only the most basic insurance protection function, and can give investors a high income, and investment protection is a win-win situation. Therefore, the purchase of insurance proceeds is expected to become a new personal finance and investment hot spots.

■ bank financial products banks is a key financial products, fiscal agent by the bank management, banking financial products to people is a major investment in day-to-day orientation. Compared with stocks and funds, the threshold for bank financing products with high liquidity and weaker characteristics. When selecting financial products, it is necessary to take account of their own investment preferences and financial needs, but also with due consideration to external factors on the market this financial product "trend" by the impact.