Core Viewpoint - The current economic situation is causing concerns about future income and retirement, similar to Japan's lost decades. The key to preserving wealth lies in effective asset allocation, particularly by learning from Japan's pension system [1][10]. Group 1: Japanese Pension System - Japan's pension system has managed to provide substantial payouts despite severe aging and economic stagnation due to strategic investments [2][10]. - The pension fund's size is approximately $1.6 trillion, with total returns reaching 5.2 trillion RMB since 2001 [2]. - The investment strategy focuses on stable assets and risk management, ensuring long-term returns [3][4]. Group 2: Investment Strategy - The pension fund diversifies its investments: 25% in domestic bonds, 25% in foreign bonds, 25% in domestic stocks, and 25% in foreign stocks [5][6]. - High-yield stocks are favored, with some yielding up to six times the Nikkei index, providing both capital appreciation and dividends [7][8]. Group 3: Recommendations for Investors - Investors are advised to consider high-yield domestic stocks and stable, lower-risk assets like savings accounts to ensure capital preservation during market downturns [11][18]. - The current market conditions suggest a potential bull market for domestic stocks, particularly in the banking sector, which has shown resilience and strong performance [14][17]. - Caution is advised in stock trading, with a recommendation to invest in stable high-yield stock funds rather than individual stocks to mitigate risks [15][17].

Core Viewpoint - The current economic situation is causing concerns about future income and retirement, similar to Japan's lost decades. The focus should be on effective capital allocation to preserve wealth [1]. Group 1: Japanese Pension System - Japan's pension system has managed to provide substantial payouts despite economic stagnation and an aging population, primarily through investment strategies [2][10]. - The scale of Japan's pension fund is approximately $1.6 trillion, with total returns reaching ¥5.2 trillion since 2001 [2]. - The investment strategy emphasizes long-term orientation and risk management, focusing on stable assets [3][4]. Group 2: Asset Allocation - Japanese pension funds allocate 25% to domestic bonds, 25% to foreign bonds, 25% to domestic stocks, and 25% to foreign stocks, ensuring risk diversification [5][6]. - The strategy includes investing in high-yield domestic stocks, which can outperform the market and provide reliable dividends [7][8]. Group 3: Investment Recommendations - To ensure returns, it is suggested to invest in high-yield domestic stocks and stable, lower-risk assets like savings [11][18]. - The current market conditions indicate a potential bull market for domestic stocks, particularly in the banking sector, which has shown resilience and strong dividend yields [14][17]. - Caution is advised in stock trading, with a recommendation to consider stable funds focused on high-yield stocks rather than direct stock trading [15][17].

Core Viewpoint - The current economic situation is causing concerns about future income and retirement, similar to Japan's lost decades. The key to preserving wealth is effective asset allocation, with a focus on the Japanese pension system as a reference for investment strategies [1][10]. Asset Allocation Insights - Japan's pension system has been able to provide substantial payouts despite economic stagnation and an aging population due to its investment strategies [2][11]. - The Japanese pension fund, valued at approximately $1.6 trillion (around 12 trillion RMB), has generated returns of 5.2 trillion RMB since 2001 [2]. Investment Principles - The Japanese pension fund follows a long-term investment approach, emphasizing risk management while seeking returns [3]. - The fund's asset allocation includes 25% in domestic bonds, 25% in foreign bonds, 25% in domestic stocks, and 25% in foreign stocks, ensuring diversification and risk mitigation [5][6]. High-Yield Stock Strategy - Japanese pension funds focus on high-yield stocks, which can outperform the market significantly, with some yielding up to six times the Nikkei index [8]. - The recommendation for investors is to consider high-yield domestic stocks, particularly in the banking sector, which offers stable dividends of 5-8% annually [15][17]. Stable Asset Investment - In addition to high-yield stocks, it is crucial to invest in lower-risk assets that provide stable returns, especially during market downturns [18]. - The current trend shows a significant inflow of funds into bank stocks, driven by public fund performance benchmarks tied to the CSI 300 index [16][17].