Heading into 2024, many people have expectations about the economic outlook, but we also need to be prepared for asset depreciation. At present, the assets of domestic residents are mainly concentrated in bank deposits and real estate, but the interest rate on deposits is gradually falling, making it difficult to beat the level of real inflation. At the same time, the real estate market in some cities has also begun to **, and there is a high probability that the value of real estate will shrink next year. In the face of the problem of reducing the purchasing power of deposits and the depreciation of family real estate with multiple properties, some people in the industry put forward five suggestions, and we should not blindly choose: 1. Excessive consumption;2. Invest in buying a house;3. Accumulation of debts;4. Easy to start a business;5. Blind financial management. Let's take a closer look.
At present, there is structural inflation in China, and commodities closely related to people's lives such as vegetables and fruits, edible oil, household paper, etc. In this case, many people may think that the interest rate on bank deposits is low, and it is better to spend money. However, in a high-inflation environment, people's consumption spending will also increase significantly. Therefore, if we can control excessive consumption and save that money, when inflation comes down, we can buy more goods and get more benefits.
Many believe that the real estate market will be divided in the future, a minority.
Housing prices in first- and second-tier cities will be **, while housing prices in most cities will be**. However, after entering 2023, we find that the housing prices in the central areas of first-tier cities will also be **, such as the housing prices in Shanghai. This means that housing prices in first-tier cities will also be large**, and the real estate bubble will burst. Therefore, those who wish to invest in property should not buy a property again, otherwise they are likely to become a receiver and cannot get out of the historical high.
At present, many families are burdened with a large amount of debt, mainly housing loans, car loans, consumer loans, etc. In the current adverse economic environment, we recommend trying to avoid accumulating too much debt. If you have too much debt, it will be a problem to survive in case of business failure or job loss, let alone paying off debts. Therefore, getting rid of debt is an urgent task at present, and it is truly debt-free and light.
Many young people find it difficult to find a job, so it is better to use their family's savings for many years to start a business. If you're successful, you'll be your own boss. However, in reality, the odds of entrepreneurial success are very low. There are two main reasons for failed entrepreneurs: on the one hand, many traditional industries have serious overcapacity, fierce competition among peers, and the success rate of newcomers entering these industries is low. On the other hand, after the pandemic, many people's incomes have decreased, and consumer demand has shrunk. Therefore, the ease of starting a business at present is likely to lead to entrepreneurial poverty.
Many people feel that the interest rate on bank deposits is lower, and it is better to invest their money in financial management. However, most people lose principal in investment and financial management, which is mainly due to two reasons: first, the current investment environment is not optimistic, **index**, there are large-scale losses, and bank wealth management products cannot guarantee principal and interest. Secondly, most people lack financial knowledge and experience, blindly invest in high-risk products, and the probability of loss increases. Therefore, although the interest rate on bank deposits has fallen, for most people, at least the principal and interest are guaranteed to be protected.
As we head into 2024, we need to be aware of and prepared for asset depreciation. Don't overspend, and keep your personal consumption expenses under control in a high-inflation environment so that you can get more benefits when inflation comes down. In addition, don't invest in buying a house lightly to avoid becoming a pick-up man. Try to avoid accumulating too much debt to ensure your financial stability. Do not start a business blindly, in an unfavorable economic environment, easy entrepreneurship may lead to poverty. At the same time, treat investment and financial management rationally to avoid investment losses. In these ways, we will be prepared for asset depreciation next year so that we can cope with and adapt to changes in the economy.