Where do the rich people exposed on the Internet usually put their money? Do they always deposit it in banks?

We are not rich and we do not have a lot of cash, so we cannot give an accurate answer. Cash here can be understood as cash on hand, bank deposits that can be used at any time, third-party platform account balances, etc. Judging from the actual performance of the rich in reality, there are only a few ways to handle cash. First, keep it at home.

In the past, when my country's financial industry was not very developed, many people would keep a large amount of cash at home after making money. However, in recent years, with the continuous development of electronic banking, mobile payment and various financial types in our country, few people keep large amounts of cash at home. But it is undeniable that there are still many wealthy people who convert part of their money into cash and keep it at home. As for why they keep a large amount of cash at home, I think it may be due to several considerations.

One possibility is that the money comes from unknown sources. Not all rich people make clean money. Some people’s money comes from unknown sources, especially for those invisible rich people. Money cannot be stored through formal channels at all. It can only be converted into cash and kept at home. Individual rich people should not be surprised if they have tens of millions of cash in their homes. Another possibility is that these rich people are worried about some unexpected situations, such as the freezing of financial assets.

Most of today's rich people are engaged in business and investment, and some are bribed. Don't think that they have a lot of money. In fact, many rich people have a strong sense of crisis, and they may worry about themselves at any time. Financial accounts are frozen, for example, because you owe a large amount of debt and are sued to court by the other party, and all assets are frozen. At this time, cash can come in handy. Precisely because of this sense of crisis, many wealthy people will more or less keep some cash at home, ranging from hundreds of thousands to tens of millions. Second, put it in a domestic bank.

Currently, bank deposit interest rates are relatively low. For those wealthy people with high incomes and relatively high risk tolerance, most people will not put a large amount of money in the bank because it is not cost-effective. But whether everyone admits it or not, in fact, many rich people are still relatively conservative, especially those who have worked hard to build their fortunes. They are relatively cautious when investing and managing money. After they have money, many people will still invest a lot of money. The money is deposited in the bank. Third, put it in a foreign bank.

Judging from the current actual performance of the rich, the richer the people, the easier it is to transfer money overseas. For example, many large domestic companies are now registered in the Cayman Islands or Virgin Islands. These overseas companies are then used to control domestic enterprises, and then the relevant domestic profits are transferred abroad. This can save a lot of taxes, and the assets transferred abroad can be deposited in some foreign banks or used as family trusts. Fourth, it is used to purchase financial products.

Every rich person has different risk preferences and different investment and financial management preferences. Currently, some rich people, especially those small and medium-sized rich people, are still willing to spend a lot of money to buy some financial management products. For example, buying funds, stocks, bank financial products, trusts, etc. Among them, trusts are especially trusted by many wealthy people. On the one hand, the overall security of trusts is relatively high, and on the other hand, the yield rate of trusts is also relatively high. Currently, there are some low-risk trusts whose annualized returns can reach between 6 and 10. This The rate of return is much higher than the bank deposit interest rate. If a rich man buys a trust worth 50 million, the potential income in one year alone may reach 4 to 5 million.

There are also some rich people who are even more weird and directly put hundreds of millions of funds in Yu'E Bao. For example, according to the 2021 fund annual report disclosed by Tianhong Yu'E Bao, as of the end of 2021, among the top 10 share holders, the holding amount has basically reached more than 25 million, and 5 of them have Yu'E Bao balances reaching 5. More than 0 million, and one person’s Yu’E Bao can reach 220 million. At present, the yield rate of Yu'E Bao is not high, and the annualized yield on the 7th is only about 2. However, these rich people are willing to put tens of millions of funds in Yu'E Bao, which is a bit beyond everyone's expectations.

It can be seen that different wealthy people have different risk preferences. As for where to put their money, everyone has their own way.