利息:可转债到期付息，不到期有波动，下修，都可盈利。 套利:注册两个iD，一个多黄金，一个空黄金。天天无脑各平台唱写发实盘。赢的一方收割粉丝建 圈收费。 最近读了《投资最重要的事》，作者认为只有把握住投资盈利的确定性，才能获得持续的、长期 的收益。但是，怎么做才能把握投资的确定性呢？有集友说把握住周期规律，低买高卖。可怎么 判断行业的周期处于什么位置呢？即便判断出行业估值非常低，短期内不一定上涨啊，涨了也不 一定能拿住啊。 Aolin120 确定性 举例 价值，股息类5%/大公司业绩稳定。分散买入。股灾不影响分红。股价太低就会股息率变高自然 有人买入抬高股价。 波动，3000-3500网格，上证etf。只要开盘就会波动。 折价:低位买入中证1000期指每年10%-15%贴水。指数点位总会回来。 以上只是举例。就是要有锚⚓。找到自己理解认可的确定性。但这个确定性不是主观推测的。最 好是数学逻辑类的。不懂股票的人也能听懂。 股票是最不容易三知道的（股价＝盈利×估值。盈 利稍微好预测一点，估值可是千变万化）。可以尝试可转债，指数，债券等相对简单的品种。 wxhcome1987 补充下师座的 确定性来自规则 数学 和 ...

Core Viewpoint - The white liquor industry is facing a decline in consumption driven by changes in consumer behavior, particularly among younger generations who are less inclined to drink alcohol, alongside a decrease in government and business consumption [1][4][6]. Group 1: Consumer Segments - The three main consumer segments for white liquor are government consumption, business consumption, and residential consumption, with current trends indicating a decline in all three [1]. - Government consumption is currently restricted due to bans on alcohol, while business consumption is suffering from overall economic difficulties [1][7]. - Residential consumption is declining as younger consumers are not engaging with traditional drinking culture, leading to a shift towards high-end liquor instead [1][4]. Group 2: Market Dynamics - The white liquor market is experiencing a shift in consumer habits, with younger generations rejecting the traditional drinking culture associated with alcohol, particularly in social settings [4][6]. - The price structure of the white liquor market is under pressure, with reports of price collapses and reduced demand for high-end products, as evidenced by decreased subscription rates for premium brands like Moutai [7]. - The historical growth of the white liquor market, driven by high return on equity (ROE) and strong dividend payouts, is now being questioned as the consumer base ages and health concerns about alcohol consumption rise [5][6][7]. Group 3: Investment Considerations - The perception of white liquor as a status symbol and gift item remains, particularly among the middle class, which may provide some stability to the market despite current economic pressures [12]. - The long-term viability of the white liquor market is uncertain, as health implications and changing consumer preferences could lead to a sustained decline in demand [6][7]. - The market is segmented, with high-end brands like Moutai operating differently from lower-end products, indicating a potential divergence in performance across the industry [8].

Group 1 - The controlling shareholder of Jingwang Electronics plans to reduce its stake by no more than 3% [1] - Jiemai Technology's subsidiary has signed a strategic cooperation framework agreement with a solid-state battery manufacturer [1] - Pulitui's stock and convertible bonds have been delisted [1] Group 2 - Guocheng Mining's credit rating for its convertible bonds has been downgraded to A+ by United Credit [1] - Several convertible bonds, including Xiangjia, Fangyuan, Wentai, Yongjin, Leizhi, and Wenke, will not undergo adjustments [1]

（注意：开户前请准备好身份证和银行卡，开户完成后，手机短信收到客户号后第二天可交 易） 交易中若有问题可咨询华宝证券官方客服电话： 4008209898 ； 华宝证券全国营业网点：https://www.cnhbstock.com/view/show.html?listId=4 #bread 我最近在华宝证券A股开户，佣金和福利亮了。。。 1、 股票佣金万1.16，ETF和LOF交易佣金万1，上海可转债佣金十万分之4.4，深圳可转债佣 金十万分之8。大多数基金申购费率场内和场外均是1折（佣金费率长期有效）。 2、 预约打新功能：提前一键预约，发行即时提醒预约，打新双保险，方便不遗漏。 3、 智能炒股工具：包括网格交易、智能条件单、多种智能机器人等智能交易功能。 4、 入金且交易，当月资产满10万，即赠送集思录会员服务。当月满足条件后，请在当月25 日在集思录网站上私信 @废都 办理会员服务（私信您的华宝证券客户号）。收到华宝客户 号后，将于每月最后1日办理会员服务（注：私信华宝客户号仅需一次即可）。 华宝证券开户请添加微信： 13911750443 点击" 阅读原文 "查看更多。 华宝智投关联同花顺步骤：下载 ...

Core Viewpoint - The article discusses the financial implications of purchasing cars and houses, suggesting that both may not be as financially sound as perceived, and emphasizes the importance of enjoying life in the present rather than solely focusing on financial calculations [1][2][3][5][11]. Group 1: Financial Considerations - Buying a car is often viewed as less cost-effective compared to using ride-hailing services, while purchasing a house is seen as more expensive than renting [1]. - The depreciation of cars is acknowledged, and the article questions whether houses will also depreciate in the future, especially considering the leverage often used in real estate purchases [1]. - The article highlights that the value of real estate is tied to market conditions, with past price increases driven by population influx, but future trends may not support similar growth due to demographic shifts [11]. Group 2: Lifestyle and Enjoyment - The narrative suggests that life should not be solely about financial calculations, advocating for a balance between enjoying life and making prudent financial decisions [2][5][6]. - It is noted that as individuals age, their desires and priorities shift, leading to a more subdued approach to spending and enjoyment [3][12]. - The article emphasizes the importance of living in the moment and enjoying small pleasures, such as a drink after exercise, rather than deferring gratification indefinitely [5][12]. Group 3: Real Estate Insights - The article posits that real estate is fundamentally a commodity, and its value is influenced by market dynamics, including population growth and urbanization [9][11]. - It mentions that the depreciation of properties becomes more apparent when they lose their value appreciation function, estimating an annual depreciation rate of around 3% [13]. - The discussion includes the notion that rental yields should be considered when evaluating real estate investments, suggesting that a rental yield of 5% is necessary for real estate to be deemed a viable investment [13].

华懋科技：公司筹划通过发行股份及支付现金的方式股权，5月21日起停牌 甘肃能化：下属王家山煤矿一号井发生透水事故 关注集思录微信 特别提示 本文不构成任何投资建议，仅为信息分享。任何因本文导致的投资行为发生的亏损，本公众号 及作者概不承担任何责任。 中装转2：下修不到底 *ST普利：最后交易日为2025年5月21日 华泰苏州恒泰租赁住房REIT【508085】：5月21日上市 集思录(www.jisilu.cn)是一个以数据为本的投资理财社区，专注于新股、可转债、债券、封闭 基金等数据服务。我们的理念是在保证本金安全的前提下，使资产获得稳健增长。 快捷查询： 搜索公众号"jisilu8"添加我们 ...

Group 1 - The core viewpoint of the article highlights recent corporate actions including share reductions and acquisitions among various companies [1] Group 2 - Yingboer plans to reduce its shareholding by no more than 2% of the company's total shares [1] - Weili intends to transfer 100% equity of its subsidiary to Chengfa Environment for 100 million yuan [1] - Aoxing Packaging proposes to repurchase company shares worth between 50 million to 100 million yuan [1] - Wenzhou Hongfeng's controlling shareholder plans to reduce its stake by no more than 1% [1] - Songyuan Safety has secured a project worth 440 million yuan from a well-known domestic automobile manufacturer [1]

Core Viewpoint - The article discusses the comparison between real estate investment and stock market investment, highlighting the significant returns from real estate over a 16-year period while also emphasizing the importance of individual investment capabilities and market conditions [1][2]. Summary by Sections Investment Returns - A real estate investment made in June 2009 for a total of 1.83 million (including renovation) yielded a return of 6.43 million by May 2025, resulting in a 3.5 times increase and an annualized return of approximately 8.2% [1]. - In contrast, the CSI 300 index increased from 3166 to 3874 during the same period, showing a much lower growth rate [1]. Investment Capabilities - Individual investment abilities vary, and during the period from 2009 to 2025, there were numerous high-quality investment opportunities in China, such as trusts and convertible bonds, allowing informed investors to achieve annualized returns of around 10% [2]. - The CSI 300 index does not represent the overall stock market performance; for instance, the Wind All A index rose from 2500 to 5071, more than doubling [2]. Leverage in Real Estate - Real estate allows for significant leverage, which can amplify returns during a rising market. The author reflects on the missed opportunity of leveraging more when purchasing property [2]. Emotional Value of Homeownership - The emotional value of owning a home is substantial and cannot be quantified in monetary terms. The author expresses a deep attachment to their home, despite having lived there for less than two years [3]. Selling Strategy - The article outlines a successful strategy for selling a property quickly, which includes reasonable pricing, enhancing the property's appeal through aesthetic improvements, and effective communication with real estate agents [4][5][6][8][10]. - The importance of a well-prepared promotional document and clear negotiation strategies is emphasized to facilitate a swift sale [8][9]. Market Conditions - The author notes that the current market is a buyer's market, and quick sales are advantageous to avoid prolonged holding periods that could diminish value [10][16]. Conclusion - The process of selling a home is not merely a transaction but a significant life event that carries emotional weight and memories, marking a transition to new opportunities [12][13].

跟买车养车比差42万， 而且打车还不用自己开，这样一看。 从投资角度看，买车就纯纯太奢 侈了。 帅牛 怎么感觉和娶老婆与大保健的区别很像。 火星兔 买车是消费，你和家人坐在自己的车里聊天，与打车的体验不同。生命有限，只赚不花是不 划算的。 小白律师 今天算了笔账。买车也5年了， 一辆某马530，落地50个。 现在每年油费加保险2个w。 买 车加现在开了五年，一共支出60w。 跑了算6万公里吧， 哪怕打出租车3块一公里，也就花了18万。 疫情以前家里两辆车，老婆一辆，我一辆，各开各的。 20年夏天律所换了新办公楼，楼下停车场每月500，我自己家里停车每月300，每年光停车费 就要9600，而且我是做非诉的，不需要见客户装门面，就把我自己开的帕萨特给卖了，当时 燃油车还能卖上价。 从20年夏天开始每天打车上下班，单程平均20块钱，每年250个工作日（其中大约100个工 作日要出差），每年打车总花销是六七千，比停车费还低，这还没算油费、保养和折旧了。 23年底我楼下修好了地铁，交通费更是忽略不计。虽然地铁路线有点绕，时间有点长（单程 50分钟），但是在地铁上听听播客，看看新闻，也不算纯浪费时间。 鱼游泳 仅仅算钱， ...

Group 1 - The core viewpoint of the article is that shareholders of Jiukang Bio plan to reduce their holdings by no more than 4.8% of the company's shares [1] - The article mentions that the Hui Lian convertible bond will undergo a downward adjustment [1] - The board of directors of Puli will propose a downward adjustment for its bonds [1] Group 2 - The article states that Yong 22 convertible bond, Kesi convertible bond, and Jingke convertible bond will not undergo downward adjustments [1] - The article encourages readers to follow the WeChat account of Jisilu for more information [2]