硅谷居士搬运号

Based on betting activity on the Polymarket platform, forecasters estimate the Democrats have a 61% chance of winning control of the Senate. Their odds of taking the House are even higher, at 90%. If these predictions ultimately come true, the Democrats will achieve full control of both chambers of Congress.

In the market on September 18, the technology and semiconductor sectors still maintained a strong upward momentum, continuing to play a leading role in the market. Meanwhile, the market volatility triggered by the previously much-discussed remarks that “AI should slow down” now appears to have largely dissipated, and the shocks it caused have been fully calmed and repaired.

For people who are passionate about investing and personal finance, collecting and analyzing data is an essential basic skill. Personally, I highly endorse using data to explain problems. The reason is simple: data represents objective facts, and facts are always unique. In contrast, other forms of expression often mix in personal subjective views. Different people can have different opinions, which easily leads to disagreements.

Because I have lived in the United States for a long time, I usually enjoy researching various indicators related to American household net worth and income. Today, I’ll take a lighthearted look with you at several sets of specific numbers in this area.

First, let’s examine an overview of the population, GDP per capita, and household income. Currently, the total population of the United States is 340 million, consisting of 130 million households. On average, each household has a size of 2.6 people.

Entering 2024, the U.S. GDP per capita reaches $90,000, which is about 600,000 yuan in RMB. For personal disposable income, Americans’ per-capita figure is roughly $70,000, or about 460,000 yuan in RMB. This data accounts for 76% of GDP per capita.

From the perspective of households, the average annual household income in the United States is around $120,000, which translates to approximately 850,000 yuan in RMB. It’s worth noting that American-Chinese households have a higher average income—$150,000, or 1.06 million yuan in RMB.

Next, let’s organize the specific distribution of net worth among U.S. households.

Overall, the average U.S. household net worth is as high as $1.06 million, or about 7.55 million yuan in RMB. However, the median—more reflective of typical conditions, i.e., the 50th percentile—is only $190,000, or about 1.35 million yuan in RMB.

Looking further up, for the top 25% of households, their net worth reaches $650,000, or about 4.6 million yuan in RMB. For the top 10%, net worth is $1.9 million, or about 13.5 million yuan in RMB. The top 5% have net worth of $4 million, or about 28 million yuan in RMB. To enter the top 1% bracket, one needs net worth of $13 million, or about 92 million yuan in RMB. At the very top of the wealth pyramid, the top 0.5% of households have $20 million, or about 143 million yuan in RMB. The top 0.2% have net worth of $30 million, or about 214 million yuan in RMB. As for the top 0.1% of households, their net worth is even higher—$60 million, or about 428 million yuan in RMB.

Taken together, this means that nationwide, about half of all U.S. households—around 65 million—still have total net worth of less than $200,000. Meanwhile, roughly 1.3 million households have net worth above the $13 million threshold, and about 130,000 households have net worth exceeding $60 million.

If you want to look up data across more dimensions, you can directly use the relevant calculators online. If you need to precisely understand the percentage distribution of household net worth for a specific age group, there are also dedicated calculators available for you to consult.

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#FinancialIndependence #WealthFreedom #FinanceAndInvesting #PersonalFinance #USStocks #UnitedStates #Stocks #Funds #Investing #Nasdaq #VGT #AI #SMH

The pace of the evolution of autonomous driving vehicles is truly astonishing. At present, Waymo has successfully deployed around 4,000 self-driving cars. Worth noting is that Waymo, together with Google, is jointly under its parent company Alphabet, whose stock tickers are GOOG and GOOGL.

Just today, I had the extraordinary experience of riding in a Waymo autonomous taxi for the first time in my life. Throughout the entire trip, the outstanding driving capabilities demonstrated by AI left me utterly amazed. After personally experiencing the allure of this cutting-edge technology, I was greatly encouraged—reinforcing my steadfast confidence in continuing to invest in semiconductor and technology sector funds in the future.

#smh #ai

The progress in the field of autonomous driving can be said to be advancing day by day. Just today, I experienced for the first time in my life a ride in a Waymo self-driving taxi. Throughout the entire trip, the exceptional driving skills demonstrated by the artificial intelligence system left me deeply震撼.

From an industry deployment perspective, Waymo has currently successfully rolled out roughly 4,000 self-driving cars onto public roads. By the way, for your reference, the company’s parent is in the Alphabet Group, just like Google. Its stock trading tickers in the capital markets are GOOG and GOOGL, respectively.

This extraordinary transportation experience not only allowed me to witness the appeal of cutting-edge technology, but also greatly strengthened my determination to continue investing in funds related to semiconductors and the technology sector.

#smh #ai

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%.