If you’re Chinese and you or your parents are older but not yet 60, and you don’t have much financial support for daily living, go to your local government service center and sign up for the Urban and Rural Residents’ Pension Insurance.
The minimum contribution is 300 yuan a year, and you need to contribute for 15 years. If you haven’t contributed for the full 15 years by the time you turn 60, you can make up the shortfall.
Starting in the month you turn 60, you can receive around 300 yuan a month, and the amount will increase each year. By that calculation, you’ll recoup your contributions in about 15 months.
In the village, having that 300 yuan a month means you can just about get by. #BTC
Whenever a sector surges, banks and oil stocks start falling. Whenever a sector crashes, banks and oil stocks perk up instead. Sectors take turns leading the way, and banks and oil stocks often act as a balancing valve.
Once a sector doubles, you’ll definitely see the whole internet celebrating. That’s when you buy banks and oil stocks. Once that sector gets cut in half, sell your banks and oil stocks, then wait for the next wave of euphoria. You’ll get at least five or six chances a year.
This strategy is for people with a lot of capital.
If you’re working with less, just keep an eye on the banks: when bank stocks plunge, sell your speculative hot stocks; when bank stocks soar, wait for the day when a hundred stocks hit the daily limit up, then buy into the sector with the most first-day limit-up stocks.
A-shares spend most of their time rotating between sectors, which is why they’ve been stuck around 3,000 points for so long. Broad-based rallies are rare.#A股
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