In less than a month into 2024, we are looking forward to a new year with anticipation and hope for the future. However, we must remind everyone that from next year, be prepared for "asset depreciation".
In these challenging times, many people are experiencing reduced incomes, hard to find jobs, housing prices** and more in 2023. The existence of these problems makes people pay more attention to their asset status and future investment direction. However, the assets of domestic residents are now mainly concentrated in bank deposits and the purchase of real estate. With the gradual reduction of bank deposit rates, it is difficult to outperform real inflation by relying on deposit rates. At the same time, more and more urban housing prices have begun to shrink, and it is a high probability that the market value of houses will shrink next year.
In the face of the continued depreciation of the purchasing power of deposits and the shrinking market value of family houses with multiple properties, some industry insiders suggest that you do not do the following five things:
1.Don't overspend.
With the improvement of consumption level and the change of consumption concept, excessive consumption has become a Xi of many people. However, excessive consumption can lead to increased financial stress and the risk of asset depreciation. Therefore, we should plan our consumption reasonably and avoid the adverse consequences of excessive consumption.
2.Don't invest in buying a house.
Although the real estate market has always been considered a relatively stable area of investment, in the current market environment, investing in a home is not a wise choice. The trend of house prices** has gradually emerged, and investing in a home may face the risk of asset depreciation. Therefore, we should look for a more stable way to invest, rather than using real estate as a primary investment channel.
3.Don't pile up debt.
The accumulation of debt can lead to increased financial stress and the risk of asset depreciation. We should plan our debts reasonably to avoid the undesirable consequences of excessive debt. If there is already a debt problem, it should be actively taken to repay and resolve it to avoid further accumulation of debt.
4.Don't start a business lightly.
Although entrepreneurship can bring more opportunities and benefits, it also comes with higher risks and challenges. In the current economic development environment, market competition has become more and more fierce, and it is more and more difficult to start a business. Therefore, we should fully consider our actual situation and ability level, and do not choose the path of entrepreneurship lightly.
5.Don't manage your money blindly.
Wealth management is one of the important ways to manage personal assets, but blind financial management may lead to the risk of asset depreciation. We should understand our risk tolerance and investment goals, and choose the financial management methods and products that are suitable for us. At the same time, we should also pay attention to risk management and asset allocation to avoid the adverse consequences of blind financial management.
In short, in the face of the risk of asset depreciation and the uncertainty of the future, we should be fully prepared and planned. At the same time, we should also pay attention to the above five things to avoid and prevent, so as to protect our assets and future investment path is more stable and reliable.