Financial Planning

Personal Note: Layered investment products, underlying assets that ordinary investors can’t understand; those behind it know they won’t cheat the poor, but will relentlessly exploit the poor, and are likely to accept cheating the middle class.

It’s December 2025, and a large number of investors in Zhejiang Province are still blocking doors to seek redress due to investment losses – this event has been particularly hot in the financial investment field, and we can find several keywords: state-owned background, low yields, civil servant/teacher as investment subjects (minimum purchase of 200,000 RMB, KYC of 400,000 RMB), etc. This proves that no matter how sophisticated a financial tool is or how strong its backing, which groups are buying it has evolved into an “othering” risk. If you only see these keywords, it means your understanding of the full picture is still too shallow. There’s a lot to dig into regarding this actual loss – it’s worth investigating deeply.

In the turbulent and unpredictable stock market, we often use faith and expectations as our compass, attempting to navigate through the fog and reach the shores of wealth. However, when our voyage deviates from the guidance of the compass, it’s easy to lose direction, even to run aground. This essay is about one such journey, beginning with an unwavering obsession with Xiaomi, which rose and fell repeatedly amidst the waves of capital.