硅谷居士搬运号

On September 18, in capital market trading, Micron Technology, a leading company in the storage industry, reached a remarkable milestone as its stock price successfully crossed the important $1,000 mark once again.

Are interpersonal relationships really equal to money?

Just today, a classmate of my nephew expressed a bit of regret in one of my relatives and friends’ personal finance groups. He felt it was truly a pity, saying that he joined this exchange circle too late to have fully taken advantage of the big rally in the U.S. stock market over the past few years.

Seeing his disappointment, I jokingly teased him with a lighthearted comment: does this mean that social connections themselves are a kind of wealth?

The recent upward trend of QDII US stock funds has been nothing short of remarkable. Even in the face of relatively high premiums, investors’ enthusiasm for allocating to US stocks has not diminished, and capital continues to flow in at a large scale.

In fact, the index funds I recommended to everyone earlier have now reached premium levels that are almost at the highest points in history. Specifically, looking at the latest figures: Bosera S&P 513500 has a latest premium rate of 10.3%, Jimian Nasdaq 159501 has a premium rate of 14.3%, and Cathay Nasdaq 513100 has a premium rate of 14.7%.

Looking back to since last year, some friends have kept themselves on standby due to concerns about premiums being too high, and have been reluctant to enter the market for a long time. But now that we look again, their hesitation has truly caused them to miss out on extremely generous wealth benefits.

Based on this, my long-standing advice to everyone has not changed: you can completely ignore the impact of the premium factor—let go of your worries and buy decisively with your eyes closed.

The recent overall performance of QDII funds in the US market has been exceptionally strong, with particularly impressive gains. Even in the face of relatively high premium costs, investors are still highly enthusiastic and continue to pour large amounts of capital into US stocks.

If you look at the index-based funds I selected and introduced for you earlier, you’ll find that their current premium indicators have risen to near historical peaks. From the specific product data: Bosera S&P 513500 has a current premium level of 10.3%; Harvest Nasdaq 159501 has a premium rate of 14.3%; and Cathay Pacific Nasdaq 513100 has an even higher premium rate of as much as 14.7%.

Looking back at the market cycle since last year, many friends have been hesitating and waiting on the sidelines because they were overly worried about this high-premium phenomenon, and therefore kept putting off taking action to buy. However, the reality is that this excessive caution has caused them to miss out on extremely generous investment returns.

Given the current market conditions, my core viewpoint I want to share with you has not changed. That is: I recommend you simply ignore the current premium factor, relax, and decisively and consistently carry out buying operations.

Reflecting on the morning trading session of September 18, the semiconductor sector stood out in the market, showcasing striking performance and leading the pack. At the same time, the storage segment also moved very strongly, successfully rebounding sharply for the second consecutive trading day.

#smh #半导体

Investment Circle Titan Officially Hands Over the Reins

Recently, Buffett announced a major decision to the public: he has officially stepped down as Chairman of Berkshire Hathaway. Born in 1930, this investment legend is now 96 years old.

According to the company’s arrangements, his son Howard will take over the business in full, serving as the new Chairman, and the appointment takes effect immediately.

With his retirement, an era that belonged to him has come to an end. As for how long it will be before another “stock god” with such immense influence emerges again, that remains an unknown.

The Investment Legend of One Era Waves Goodbye

Recently, Berkshire Hathaway has undergone a major personnel change. Buffett has officially announced to the public that he will no longer serve as the company’s chairman. This decision takes effect immediately upon announcement, and the role is now assumed by his son, Howard.

Born in 1930, this titan of the investment world is now 96 years old. As he steps away from the stage, people can’t help but reflect on how long the future will have to wait before we can witness the birth of another “Sage of Stocks” with an equally powerful appeal and influence.

A Splendid Turnaround by a Legendary Figure in the Investment World

Recently, Berkshire Hathaway has undergone a major personnel change. Warren Buffett, who is beloved by many, has officially announced his decision to step down as the company’s Chairman. According to the latest arrangement, his son, Howard, will take over this responsibility and serve as the new Chairman of the next term, with the appointment to take effect immediately.

Looking back on the long years of this investment master, born in 1830, Buffett is now 96 years old this year.

With his retirement, an era has come to a close. People can’t help but wonder and wait, silently wondering how long the investment world must wait before another “stock god” with such extraordinary influence emerges again.

Friends, do you know which U.S. states have the highest concentration of Chinese residents?

Based on the latest data released by the U.S. Census Bureau on ethnic surveys and community studies, if we include multiracial and mixed-heritage groups in a full-scope count, the total population of Chinese people across the United States has already exceeded 5.5 million.

Of note, nearly half of Chinese residents nationwide choose to live in California and New York. Among them, California ranks first by a wide margin. It is the most densely populated area for Chinese communities, with a population size even more than twice that of New York.

To give you a more intuitive understanding, here is a rundown of the top ten states with the largest Chinese populations across the U.S. (rankings marked with #), along with the local disposable income per capita:

Rank #1 is California, with a total of 1.97 million Chinese residents and a per-capita income of 77,000.
Rank #2 is New York State, with a total of 770,000 Chinese residents and a per-capita income of 74,000.
Rank #3 is Texas, with a total of 300,000 Chinese residents and a per-capita income of 65,000.
Rank #4 is Washington State, with a total of 230,000 Chinese residents and a per-capita income of 80,000.
Rank #5 is Hawaii, with a total of 220,000 Chinese residents and a per-capita income of 67,000.
Rank #6 is Massachusetts, with a total of 210,000 Chinese residents and a per-capita income of 82,000.
Rank #7 is New Jersey, with a total of 190,000 Chinese residents and a per-capita income of 76,000.
Rank #8 is Illinois, with a total of 160,000 Chinese residents and a per-capita income of 68,000.
Rank #9 is Pennsylvania, with a total of 130,000 Chinese residents and a per-capita income of 65,000.
Rank #10 is Florida, with a total of 120,000 Chinese residents and a per-capita income of 67,000.

Overall, among these ten states with the largest Chinese populations, the top three in terms of disposable income per capita are Massachusetts, Washington State, and California.

Are you curious where the Chinese diaspora across the United States is mainly concentrated?

The U.S. Census Bureau has recently released the latest ethnic census and community survey data. The results show that if people with mixed-race and multi-ethnic backgrounds are included in the full-scope calculation, the total Chinese population in the U.S. has already exceeded 5.5 million.

In terms of regional distribution, nearly half of Chinese people choose to settle in California and New York. California ranks first nationwide in terms of the number of Chinese residents, and its total Chinese population is more than twice that of New York.

Below, we have compiled the top ten U.S. states by Chinese population, along with the corresponding per-capita disposable income levels in each (unit: USD):

# State Name Population Income Level
1 California 1.97 million 77,000
2 New York 0.77 million 74,000
3 Texas 0.30 million 65,000
4 Washington 0.23 million 80,000
5 Hawaii 0.22 million 67,000
6 Massachusetts 0.21 million 82,000
7 New Jersey 0.19 million 76,000
8 Illinois 0.16 million 68,000
9 Pennsylvania 0.13 million 65,000
10 Florida 0.12 million 67,000

Notably, among the ten states with the highest number of Chinese residents, the top three in per-capita disposable income are Massachusetts, Washington, and California.

An interesting bit of industry history is that Intel, now famous for processors, originally established its footing in the market by producing memory chips. With a strategic shift, Intel later chose to focus on the CPU segment,退出 the DRAM memory market, and sold its flash memory business to South Korea’s SK hynix.

Times have changed, and the very market Intel once abandoned is now facing major upheavals. Recently, Intel CEO Pat Gelsinger candidly acknowledged that current prices for memory chips have surged by 5 to 7 times. He also warned that this supply shortage situation could become even more severe by 2027.

The frantic rise in prices is putting enormous cost pressure on consumer electronics endpoints. At present, in some low-end phones and laptops, storage chips alone account for as much as about 75% of the total cost—an unprecedented figure in the history of the industry.

Concerns about this shortage trend are not limited to Intel. Other companies, such as Micron and SK hynix, have also made closely aligned predictions, openly stating that by 2027 we may witness one of the most severe memory-chip supply shortages in human history.

#SMH #semiconductor #ai

It is precisely amid the uneasy atmosphere felt by the broad investing public that the U.S. stock market, time and again, has set new all-time highs. Just like today’s rally in the U.S. stock market, it has indeed greatly boosted market confidence. Looking back at the past few days, I had advised everyone that at this stage they should remain greedy, though I’m not sure how many friends actually took this advice in the end.

Nvidia’s CEO Jensen Huang recently revealed that the company expects its chip sales for the next fiscal year to double. If this projection can be successfully turned into reality, then by this time next year, Nvidia’s stock price is certain to far exceed its current level.

Looking back on 2026, amid a broad uptrend wave across stock markets worldwide, the CSI 300 Index once again has charted a distinct, independent course. Since the start of this year, the index has not kept pace with global benchmarks and has instead recorded a decline of 0.45%.

Today, a friend asked me a very interesting question: since the Federal Reserve has already raised interest rates, why has the U.S. stock market still maintained an upward trend?

The most essential truth behind this is that financial markets had already fully priced in the expectation of rate hikes in advance, and reflected it in current stock prices. Capital markets have long been the most averse to the unknown. Once the decision to raise rates is officially implemented, it means that a major source of uncertainty has been removed, and investors’ sentiment can naturally be effectively restored.

Looking back at past trends, similar market reactions have, in fact, been playing out repeatedly throughout history. A very typical example is in 2023, when, despite the Fed’s aggressive rate-hike policy, the U.S. stock market not only failed to falter, but instead saw a very strong rebound. Over the entire 2023 fiscal year, the Nasdaq index surged by 53.8%.

During the morning trading session on September 17, the stock market opened with a strongly positive and upbeat outlook overall. Of particular note are the semiconductor and technology-related sectors—both of which demonstrated a very strong and remarkable upward momentum throughout the day.

Recently, there have been many voices from outside saying that the popularity of the Harvest Nasdaq 100 Index fund owes much to my fans’ enthusiastic support. In response, I want to say that high-quality fund products deserve to be well-regarded and chosen.

If we look objectively at the performance data since the beginning of this year alone, the Harvest Nasdaq 100 Index fund is indeed significantly ahead of the Cathay Nasdaq 100 Index fund in terms of performance. Specifically, fund code 159501 has achieved a return of 17.6%, while the Cathay Nasdaq 100 Index fund with code 513100 has a return of 15.8% over the same period. Comparing the return performance of these two funds, there is a clear gap of exactly 1.8% between them.

Albert Einstein once marveled that compound interest is the world’s eighth wonder. Those who truly understand it can benefit from it, while the ignorant will eventually pay the price.

Looking at the life trajectory of stock legend Warren Buffett, he was born in 1930 during the Great Depression in the United States. Fast forward to 1996—by then he had just turned 66. At an age when most Americans have long since settled into their retirement years, he had already accumulated an astonishing fortune of $17 billion, undoubtedly making him a standout among his peers. Yet this legendary figure neither chose an easy retirement nor made a major transfer of his core assets into conventional low-risk areas like bank deposits or bonds. Instead, he continued to let the vast majority of his funds ride the waves in the stock market.

Twenty-nine years later, in 2025, at age 95, Buffett’s net worth surged to a jaw-dropping $150 billion. This also means that roughly 90% of the wealth he has in his hands was generated in the 29 years after he turned 66. During those years, even though his average annual wealth growth rate of 7.8% did not surpass the 9.6% performance of the S&P 500 index fund over the same period, he still easily outperformed bonds with returns of only 4% and bank deposits with returns of just 3%. Buffett’s history of asset multiplication perfectly illustrates the incredible power of compound interest.

This year marks my 21st year in the workforce. When I reflect on how my own assets have changed over time, I’ve found a highly similar pattern. Specifically, more than 55% of our family’s wealth was accumulated in the most recent 3 years. Stretch that to the past 6 years, and the proportion reaches 75% or more. And if we go back 12 years, it has created 90% or more of the family’s wealth.

Suppose I continue working until I retire at 65, and assume that at that time the family’s total assets are A. Since most of my current assets are stock index funds, and I intend to keep following a fully invested allocation strategy in stock index funds going forward, I estimate that the annualized return of the entire portfolio can still remain around 11%. Meanwhile, based on the annual reports released by the Social Security Administration (SSA), after retirement we can receive about $100,000 per year in Social Security benefits. To cover the shortfall in everyday expenses, the amount we would need to withdraw each year from our individual retirement accounts should not exceed 1% of total assets. Therefore, I conclude that after age 65, the family’s net-asset average annual growth rate will likely stay around 9%.

With those assumptions, when I live to 90, the formula for net assets will be: A x 1.1^25 = A x 10.8 (here we should clarify that “^” represents the exponentiation function). That means that by then, I can proudly say that 91% of my wealth (equal to 9.8A ÷ 10.8A) was generated after age 65.

If I’m lucky enough to live to 95, my net assets would become: A x 1.1^30 = A x 17.4. In that case, the portion of wealth created after age 65 would be as high as 94% (equal to 16.4A ÷ 17.4A). This is the compound-interest magic I’ve personally experienced!

I strongly believe this to be true. As long as I strictly follow my investment discipline, take the most straightforward approach to regularly invest in and hold a few stock index funds for the long term, there is absolutely no need to pursue flashy trading techniques or spend energy searching for other investment targets. That alone is enough to beat more than 95% of participants in the market, and then accumulate a fairly substantial nest egg.

I’m very much looking forward to having friends support my continued creation through subscribing to my membership service. I will frequently post in-depth articles exclusively for members, and you can also message me anytime to ask any questions you may have about investment and personal finance. The subscription link is: https://x.com/SVScholar/creator-subscriptions/subscribe

If you’re interested in exploring my financial philosophy and hands-on experience further, you’re welcome to visit the Amazon website or Google Play Books, search for my Chinese book 《Wealth Shortcut》, or check out the English version 《The Shortcut to Wealth: Your Simple Roadmap to Financial Independence》. There are also related purchase links in my pinned post.

#FinancialFreedom #WealthFreedom #Finance #PersonalFinance #USStocks #USA #Stocks #Funds #Investing #Nasdaq #VGT #AI #SMH

The market on Wednesday afternoon played out like a soap opera.

At the day’s press conference, the remarks from the Federal Reserve chair left investors quite puzzled, and the market briefly fell into a state of confusion. During this period, the shares of semiconductor-related funds also swung wildly, like riding a roller coaster. Fortunately, nothing went wrong—these funds managed to log gains by the close.

Looking ahead, the focus for everyone now will be entirely on the third-quarter financial reports that major companies are about to disclose.

The Federal Reserve Announces a 0.25% Interest Rate Increase

On September 16, the Federal Open Market Committee of the Federal Reserve officially made an important decision, announcing that it would raise interest rates by 0.25%. During the voting that day, all 12 members of the committee cast their votes in favor of the move. Notably, this is the first interest-rate hike by the Federal Reserve in the past three years.