好香港

Many social researchers are actually unwilling to acknowledge or certify a basic fact,

that the fundamental reason for the continuous decline in the birth rate in the country since 2016 has nothing to do with tutoring classes, infant formula, college graduate employment rates, or the college entrance examination system,

but rather marriage; to put it bluntly, it's about housing.

On one hand, they need to sell land to extract money through land finance, stating that 'the benefits of urban development must belong to local government finances,' while on the other hand, they completely overdraw everyone's future,

resulting in everyone choosing not to marry, not to buy houses, and ultimately facing disaster together.

How much can you earn by investing 1 million five years ago?

Investing 1 million in China Merchants Bank, now remaining 940,000
Investing 1 million in Yiwei Lithium Energy, now remaining 890,000
Investing 1 million in Kweichow Moutai, now remaining 830,000
Investing 1 million in Hikvision, now remaining 670,000
Investing 1 million in Jiangsu Hengrui Medicine, now remaining 660,000
Investing 1 million in Inner Mongolia Yili Industrial Group, now remaining 660,000
Investing 1 million in Ping An Insurance, now remaining 630,000
Investing 1 million in NVIDIA, now remaining 570,000
Investing 1 million in SF Holding, now remaining 480,000
Investing 1 million in China Tourism Group Duty Free Corporation, now remaining 370,000
Investing 1 million in LONGi Green Energy, now remaining 270,000
Investing 1 million in Haitian Flavoring and Food, now remaining 230,000
Investing 1 million in Changchun High & New Technology Industries, now remaining 190,000
Investing 1 million in Tongce Medical, now remaining 190,000
Investing 1 million in Vanke, now remaining 170,000

Choosing is greater than effort.

5 years ago 1 million RMB investment:

NVIDIA: now approximately 15.42 million
Google: now approximately 3.88 million
Tesla: now approximately 2.30 million
Meta: now approximately 2.57 million
Coca-Cola: now approximately 1.59 million

(based on adjusted stock prices and exchange rates, including dividends and stock split effects)

Pinduoduo can quietly make a fortune, and the core secret is actually hidden in Huang Zheng's "Three Don'ts".

When Alibaba is opening new fronts everywhere—delivery, AI, metaverse, not wanting to miss a single opportunity; Pinduoduo goes against the tide, cutting everything that can be cut and resolutely not doing what can be avoided.
What was the result? Last year, a net profit of 120 billion, easily surpassing a bunch of large companies busy flying around.

The most exaggerated thing is that it doesn't even accept splash screen advertisements.
Others are scrambling to earn billions, while Pinduoduo simply says "no need," resulting in users entering the homepage in a second.
This is the ruthlessness of strategy: while others are busy adding features, it is busy reducing burdens.

Huang Zheng's old saying is becoming more and more relevant now:
"Don't let tactical diligence cover up strategic laziness."
In contrast, Alibaba, having acquired Ele.me for 200 billion, Meituan hasn't even caught a whiff of the exhaust.

The business world is sometimes counterintuitive:
The companies that focus on one thing are more likely to make big money.
It may seem "stupid," but it is actually the smartest.

Those who can accomplish these three things are the elite among people: abstaining from desires, making money, and losing weight. Achieving any one of these is impressive. Among these three, 'making money' requires a bit of luck and the benefits of the times, 'losing weight' requires a bit of science and willpower, while 'abstaining from desires' requires a life that is almost boring and devoid of social interactions. To live a life so boring that one can successfully 'abstain from desires' is to truly be a 'tough person'.

The First Lesson for Adults

Whoever bears the consequences is qualified to make decisions.

Relatives urge you to get married and have children, but they won't live your daily life for you.

Friends advise you to quit your job and start a business, but they won't take on the risk of losses for you.

Every critic stands safely on the shore.

But the one truly swimming in the water is only you.

The greatest evil of human nature often wears the guise of being for your own good. Because claiming to be for your good is the most perfect disclaimer in the world; if you succeed, it's my credit; if you fail, it's because you didn't understand or had bad luck, anyway I don't have to compensate you a penny.

The car doors are welded shut! It took only 48 hours!

I just saw on Moments, the NASDAQ index's purchase limit staged a 'free fall' performance:

100,000 ➡️ 10,000 📷 100 yuan/day

It only took 2 days!

This is not just a purchase limit; it is a red alert for QDII quota scarcity. The frenzy of this NASDAQ index buying has exceeded imagination.

What does this indicate?

It's not that the product is so miraculous, but rather—everyone is desperately squeezing into the NASDAQ and overseas assets.

When ordinary people even have to compete for quotas to invest in the NASDAQ, what is truly worth contemplating is:

Why is the capital frantically scrambling for this outlet?

The essence of the poor is to spend time and energy on a bunch of things that do not make money and do not make oneself stronger.

For example,
clearly the salary is not high, yet can spend three hours scrolling on Douyin and Xiaohongshu;
it's clear that I want to make money, yet I argue with people in group chats for half a day about whether this thing is worth a few dozen yuan;
I know I should learn skills, yet I'd rather spend the whole evening gossiping, cursing celebrities, and watching jokes;
clearly I have no savings, yet I study how to take advantage of 9.99 yuan deals every day;
I want to change jobs, yet I keep saying “I'll take a look tomorrow” for three months straight;
I say I want to start a business, yet repeatedly ask dozens of friends for their opinions, not solving problems, letting opportunities slip away.

Doing these things a hundred times will not increase income by a cent.

Those who truly make money think completely differently:
while others scroll through short videos, they learn marketing, write copy, and build projects;
while others fuss over a few hundred yuan, they look for skills that can long-term increase their income;
while others indulge in emotions and gossip, they connect resources, study trends, and enhance their understanding.

Poverty and wealth do not fork from “money,”
but rather from where time is spent each day.

If the things you do every day do not enhance your abilities, expand your vision, or create value,
then life will not get better; it’s just time moving forward.

Want to turn the tide, it’s not about working harder,
but about stopping those unprofitable habits and putting time into directions that can increase your value.

This is the underlying logic for all those who make a comeback.

《2025 Latest Construction Bank Asia Bank Account Opening Tutorial》

Construction Bank Asia may be the easiest physical bank to open an account with in Hong Kong right now.

No proof of address, asset proof, or investment proof is required. They will not thoroughly review your occupation and asset information. There are no capital requirements, no management fees, and no annual fees. It can be said that it is truly a zero-threshold account opening.

After arriving in Hong Kong, you can complete the account opening application on the mobile app in about 10 minutes. The application will be approved the next day, and the bank card will be mailed to your mainland address. The overall account opening process is basically the same as that for opening a virtual bank.

For opening a Hong Kong card, my suggestion is to take advantage of the current lack of any policy restrictions. If you can open it, do so, and take precautions against policy changes and frozen card risks. Who knows, this gray area could become the next target for strict regulation, similar to US stock brokers or the cryptocurrency industry.

Charlie Munger on the Six Major Pseudo-Assets

1. Mansions beyond one's means: Driven by vanity, purchasing a house becomes a lifelong debt

2. Luxury cars: A car loses 20% of its value the moment it's bought, with an annual depreciation of 15%-20%. It should be kept within 10% of annual income

3. Complex financial products: High-fee active funds lose over half of their returns over 30 years

4. Non-productive assets: Gold and Bitcoin have no cash flow and are essentially a game of fooling each other (this point is disagreed with)

5. Frequent trading: Interrupts compounding, incurs fees, and leads to emotional decision-making

6. Credit debt: High-interest credit cards are wealth vampires

China's GDP growth rate this year is 5%, while M2 growth has reached over 8%. China has always relied on debt to drive economic growth. This year, the M2 growth in the United States is only 3.9%, and Japan's is 1.6%. In economics, maintaining money growth at two-thirds of the GDP growth rate is considered healthy, and the cost of violating economic laws will be severe.

It is actually very simple for me to identify whether a person is truly intelligent.

If a person can live their life steadily, with order in their daily activities, without being entangled with bad people or dragged down by troublesome matters,

it is often not due to good luck, but rather great wisdom.

Those who can achieve this typically possess three qualities:
clear judgment, decisive choices, and the ability to quietly avoid risks.

They are not loud or showy, yet they quietly navigate around the big pitfalls of life in their daily routines.
To outsiders, it seems calm as water, but in fact, that is a sign of top-level intelligence.

Those who are truly strong often do not focus on what they have "overcome,"
but rather on how much unnecessary consumption they have avoided.

This, in my eyes, is the highest form of intelligence.

yes

European Central Bank policymaker Olaf Sleijpen warned that if stablecoins experience a run, it could force the central bank to adjust its interest rate policy. He pointed out that this year the scale of stablecoins has surged to over 300 billion dollars, and their potential 'systemic importance' cannot be ignored. A crisis could trigger a sell-off of their underlying assets (such as U.S. Treasury bonds), posing a threat to financial stability, the economy, and inflation in the Eurozone.

Investment tycoon Yan Yan: To continue making money, you can only earn the money of those who are dumber than you #YanYan #Cognition

Advice for all unmarried men, a matchmaker with 20 years of experience has something to say.
​For women over 30, no matter how much you are infatuated 💗 or how much you like them, don't waste your energy chasing after them anymore. If you have the conditions and opportunities, go find someone younger.
​Because for women over 30, if they haven't been married yet, the likelihood is that being single is the least of their problems.
Many people cannot understand this statement.
You have to think about it, women in this age group are transitioning from confusion to clarity; they have shifted from loving others to loving themselves.
​Especially in certain professions, such as teachers, lawyers, business directors, sales directors, high-quality streamers, etc., you can basically not think about it.
(Of course, this is not meant to disparage these professions, so don't take it personally).
​To put it bluntly, they not only want you to pay for their future life, but they also want you to pay for their lost youth (the mistakes they made).
Your self-proclaimed brilliant pursuit tactics and methods are nothing but child's play in their eyes, just insignificant tricks; they've seen all kinds of storms and just don't want to expose you.
​Think carefully, why are they still single now?
Is it because no one has pursued them in these years? Is it because their standards are high? Are they fishing? Are they looking for something better?
Also, how many years has their family pressured them to get married, and they can still endure it. In the workplace, they are even more commanding.
​So, why do you think that if you pursue her, she will be moved?
​(Image source from the internet, contact for deletion if infringed.)

S&P500 Forty Years of Ups and Downs
(1985–2025 Overview)

This chart condenses the annual returns of the S&P500 over the past 40 years into an easy-to-understand version:
✅ Green: Up years
❌ Red: Down years

🌈 Key observations:
1️⃣ In these 40 years, the S&P500 has only had 8 down years, with up years accounting for over 80% of the time.
2️⃣ The worst year was 2008 during the financial tsunami (-37%), followed by 2022 (-18.11%).
3️⃣ On average, even including down years, the long-term annualized return remains around 10%.
4️⃣ Long-term investors can almost always beat volatility with 'time'.
5️⃣ 2023–2025 shows another three consecutive up years, symbolizing the official completion of the post-pandemic recovery period.

📈 Investment insights:
Short-term volatility is inevitable, but time rewards discipline and patience.
Whether through regular investments or buying on dips,
'Long-term holding of U.S. stocks' remains one of the most stable wealth-building strategies over the past forty years.

$S&P 500 Index (.SPX.US) $S&P 500 ETF - SPDR (SPY.US)

From January 21, 1980, at $850 per ounce, it fell to $278.7 on January 9, 1998, with a cumulative decline of 67.2%. In addition, during the period from 1980 to 1982, the spot gold price dropped from $850 to below $300, a decline of nearly 65%, which is also one of the largest declines in history.

$BTC is really outrageous, it turns out that the abbot of Shaolin Temple is the big shot in the crypto world😱
The incense money you offer is actually helping him buy luxury homes in London😂
1️⃣ Buddha beads directly hidden in wallet seed phrases😱
2️⃣ Incense money is directly laundered and exchanged for Bitcoin, then taken abroad to buy luxury homes
3️⃣ Using mixers + dark web to convert to USDT to defraud government subsidies
This operation is truly admirable!