「 前段时间，清华大学经管学院与同方全球人寿联合发布的《2025中国居民退休准备指数调研报告》重磅出炉。这份持续了13年的调研，今年又带来了关乎 我们每个人未来养老储备的重要洞察，今天我们就来聊聊这份报告中一些值得我们关注的话题。 报告显示，2025年中国居民的退休准备指数是5.49分（满分10分），相比2024年的5.34分略有提升。但这小幅增长的背后，却藏着一个值得我们警惕的结 构性裂痕——虽然我们的养老认知已经开始觉醒，但养老准备的行动却迟迟没有跟上。 这份报告调查了全国4,018个样本，测算维度涵盖了"退休责任意识"、"财务规划认知"和"退休储蓄充分度"等六个方面，结果却呈现出了一个极端割裂的场 景—— 在"退休责任意识"和"财务规划认知"这两个态度层面，我们分别拿到了7.45分和7.36分，接近良好水平；可是一到行动层面，"退休计划完善度"只有3.82 分，"退休储蓄充分度"更是低至3.78分，这一差距较2024年显著扩大，展现出了绝大多数朋友在养老储备方面"知易行难"的困境。 报告中一个看似"反常识"的发现则揭示了一种更深层的担忧：人们通常认为，年龄越大投资应该越偏保守，但调研结果却显示，受访者的 ...

Core Viewpoint - The article emphasizes the importance of maintaining a calm and rational investment approach during a bull market, highlighting that not all assets will rise and that individual investment strategies should align with personal risk preferences [5][16][18]. Group 1: Investment Strategy - Investors should regularly assess their portfolio structure to ensure it aligns with their true risk tolerance, especially during significant market changes [9]. - A mismatch between current market trends and an investor's portfolio can lead to underperformance, which is common in bull markets [12][13]. - Investors need to clarify their goals and strategies, avoiding emotional decision-making that can lead to confusion and poor outcomes [15][19]. Group 2: Market Behavior - Bull markets do not guarantee that all assets will appreciate; structural market conditions often dictate performance [16]. - It is crucial for investors to avoid being swayed by others' successes, as this can lead to impulsive decisions that deviate from long-term strategies [17]. - The article suggests that missing a bull market is not as detrimental as making hasty investments during market highs, which can lead to significant losses [18]. Group 3: Long-term Perspective - A slow and steady investment approach is recommended, focusing on consistent, moderate returns rather than high-risk, high-reward strategies [22]. - The accumulation of wealth over time through disciplined investment and life management is emphasized as a more effective strategy than chasing quick gains [24]. - The article concludes that ordinary investors should prioritize their life paths and resilience over mere investment success rates [26].

Core Viewpoint - The article discusses the common concerns of investors during a bull market, particularly regarding the performance of their holdings and the need for alignment with their risk preferences [3][4]. Group 1: Portfolio Assessment - Investors should regularly review their portfolio structure to ensure it aligns with their true risk tolerance, especially during significant market changes [4]. - A mismatch between current market conditions and the investor's portfolio style can lead to underperformance, which is normal in a bull market [7][8]. Group 2: Investment Strategy - Investors need to clarify their goals: whether they seek quick profits or stable long-term returns, as this will influence their decision to adjust their holdings [9]. - The article emphasizes the importance of maintaining a clear investment strategy and avoiding emotional trading, especially during volatile market conditions [10][14]. Group 3: Market Dynamics - The article highlights that not all assets will rise during a bull market, and structural market conditions often dictate performance rather than a general uptrend [10][11]. - It is crucial for investors to remain calm and not be swayed by the performance of others, as this can lead to poor decision-making [10][12]. Group 4: Long-term Perspective - The focus should be on avoiding significant losses during bear markets rather than chasing short-term gains in bull markets [11]. - A well-diversified portfolio should be evaluated for its resilience and stability, rather than solely on immediate performance [13][14].

Group 1 - The sentiment in the market is pessimistic, with a desire for a bull market but a reluctance for bank stocks to rise, as their performance is seen as a barometer for the broader financial sector [1] - The U.S. has increased tariffs on steel and aluminum products from 25% to 50%, effective June 4, 2025, which may lead to a defensive investment approach focusing on sectors like liquor, securities, and technology [3] - Despite the potential for a market correction, sectors such as liquor, securities, and insurance are expected to provide a buffer against significant declines, as the banking sector has been propping up the index [5] Group 2 - Investment strategies should align with individual profit goals; for instance, a target of 10% annual returns may be more achievable through index funds rather than individual stocks, which require careful selection [7] - The banking sector has shown limited growth, with an average increase of only 30% this year, suggesting that holding index funds may not meet higher profit expectations [7]