关于李蓓闭门投资课，XHS和房地产的说明

Core Viewpoint - The article discusses the upcoming closed-door investment course and provides insights into the real estate market, indicating a potential bottoming out within two quarters and a long-term upward cycle thereafter [2][4]. Group 1: Investment Course Details - The venue for the closed-door investment course has changed to Shanghai Jin Jiang InterContinental Hotel due to an increase in participants from 200 to 350 [2]. - There are now 20 additional spots available for those who previously attempted to register but were unsuccessful [2]. - The course aims to teach ordinary individuals about investment, focusing on achieving over 10% annualized returns [6][10]. Group 2: Real Estate Market Insights - The core issue in the real estate market over the past two years has been a significant increase in the supply of second-hand homes, which has recently started to decline [4]. - It is anticipated that the real estate market may reach a bottom within the next two quarters, followed by a decade-long upward cycle, although prices may not return to historical highs [4]. - The article suggests that while overall housing price increases may be limited in the next three years, certain related companies could see substantial growth [4]. Group 3: Investment Framework and Strategies - The course will cover various asset classes available for ordinary investors, their characteristics, and which to choose or avoid [7][10]. - It will also address timing in major asset classes and stock market style selection, including how to evaluate potential returns and manage asset switches [7][11]. - The course will highlight the importance of the stock market as a core investment area for ordinary people, aiming for a straightforward approach to achieving long-term returns [11].