Wealth Planning
The purpose of wealth planning is to diversify risk allocation among different asset classes (including stocks, bonds, real estate, insurance, cash, etc.). Through appropriate allocation, one can balance risk and return to achieve financial enrichment goals.
Wealth planning requirements
Why do wealth planning?
Wealth planning requirements
Identifying goals and needs
Assessing individual risk tolerance
Choosing suitable asset classes
Determining allocation ratios
Regular review and adjustment
Why do wealth planning?
Risk reduction
Increased returns
Inflation hedging
Financial Pyramid
Financial Pyramid
Risk management
• Supports 3-6 months of living expenses and emergencies deposits
• Insurance (life, critical illness, hospitalization, accidents)
Speculation
• Derivatives, speculative investments
• Futures, warrants, bull and bear certificates, real estate, cryptocurrencies