Group 1 - The article discusses the importance of diversifying investments across different asset classes, including both RMB and foreign currency assets, as well as stocks and bonds, highlighting the role of US dollar bond funds in this strategy [2] - A free course is offered to provide systematic knowledge on investing in US dollar bond funds, including course notes and mind maps for efficient learning [2] Group 2 - The article examines the impact of rising interest rate expectations for the Japanese yen on global markets, referencing historical context where Japanese assets experienced a bubble in the late 1980s, leading to a significant market decline [5] - Japan's 10-year government bond yield fell from around 8.5% in the 1980s to near zero by 2015, with the Bank of Japan using low interest rates to stimulate the economy during prolonged downturns [5][6] - The low interest rate environment in Japan led to an international arbitrage strategy where investors borrowed yen at low costs to invest in other assets, benefiting from both currency and interest rate gains [6][8] Group 3 - Warren Buffett's investment strategy is highlighted, where he issued low-interest yen bonds to finance purchases of Japanese stocks with high dividend yields, specifically targeting the five major Japanese trading companies [9] - These trading companies are characterized by cross-shareholding, which is common in Japan, and they offer attractive dividend yields, averaging 4%-5% at the time of Buffett's investment [9][10]

Group 1 - The global stock market experienced a slight increase this week, with minimal volatility, particularly in the Asia-Pacific and European regions [2] - The A-share market also saw an overall rise this week [3] Group 2 - There is an increasing expectation for interest rate hikes in Japan, which may impact global markets [4] - In the late 1980s, Japan's stock market and real estate experienced a bubble, with stock prices nearing a hundred times earnings and real estate values at peak levels [5] - Following this, the Japanese stock market faced a prolonged decline lasting 19 years, with a drop of over 80% from its peak in 1989 to 2008 [6] - During this decline, the Bank of Japan attempted to stimulate the economy by lowering interest rates [7] - The yield on Japan's 10-year government bonds fell from around 8.5% in the 1980s to near zero by 2015, maintaining this low rate until 2020 [8][9] Group 3 - The low interest rates in Japan led to an international arbitrage investment strategy, borrowing yen at low costs to invest in other assets [11] - This strategy allowed investors to benefit from both currency and interest rate gains, with Warren Buffett also employing a similar approach [14] - Buffett issued low-interest yen bonds after the Japanese stock market crash in 2020, financing at less than 1% to invest in major Japanese trading companies with high dividend yields [15][16] Group 4 - Japanese companies often engage in cross-shareholding to defend against hostile takeovers and strengthen collaboration, a common practice among listed companies [17][18] - The five major trading companies in Japan have diverse business operations across various sectors and offer relatively high dividend yields, averaging around 4-5% during Buffett's investment period [20][21][22] Group 5 - If Japan enters an interest rate hike cycle, the previously successful arbitrage strategy may become less effective due to potential yen appreciation and increased borrowing costs [26] - The impact of changes in the yen's value and borrowing costs could affect assets financed through yen loans [27] Group 6 - A global stock market star rating chart indicates that the market was undervalued at 4-5 stars during certain periods in 2018, 2020, and 2022 [30] - After a significant drop in April 2025, the global stock market rating returned to 4.1-4.2 stars, followed by a rebound to over 2 stars in subsequent quarters, but currently sits around 3.0 stars [31][32] Group 7 - There are global stock index funds available in overseas markets, with a total scale exceeding one trillion dollars, but such funds are not yet available in mainland China [35] - The company has launched a "Global Index Advisory Portfolio" that diversifies investments across various stock markets, including US, UK, Hong Kong, and A-shares [36] Group 8 - A new edition of the book "The Long-Term Investment Secret" has been released, which has been influential in the investment field for 30 years and includes updated data and new chapters [41][42] - The book emphasizes that stocks are the best long-term investment for wealth accumulation, suggesting that a portion of household assets should be allocated to stocks [43]