Core Viewpoint - The overall performance of global assets is positive, with stock markets showing significant gains across various sectors, validating previously established investment strategies while maintaining a cautious approach to risk management [1]. Weekly Market Review - A-shares increased by 1.27%, with the dividend index rising by 1.48% [4]. - The Hang Seng Index rose by 0.70%, while the Nasdaq 100 in the US increased by 1.46% [4]. - The Japanese market showed a notable increase of 3.80%, confirming the effectiveness of a "0.5 position" strategy [2][3]. - Emerging markets saw India as the only decliner, while Vietnam experienced a rise of 4.49% [3]. Bond Market Performance - The bond market showed slight weakness, with a decline of 0.09%, and US Treasury bonds fell by 0.74% [3][6]. - Gold also experienced a minor drop of 0.14% [3]. Investment Strategies and Performance - The "Rui Ding Tou Global Version" portfolio increased by 1.22%, achieving a year-to-date return of 10.31% [9]. - The "Lazy Balanced" portfolio rose by 0.79%, with a year-to-date return of 7.23%, suitable for lower-risk investors [12]. - The "Lazy Investment Balanced Portfolio" currently has an equity position of only 54%, allowing for ample room to capitalize on potential market corrections [21]. Fund Performance Metrics - The "Rui Ding Tou" strategy has shown a long-term annualized return of around 10% based on past performance [9]. - The "Little Helper Dividend Portfolio" has a cumulative return of 350.36% since inception, with a maximum drawdown of -34.91% [22]. - The "Little Helper Hong Kong Stock Connect Portfolio" has a cumulative return of 146.59% since inception, with a maximum drawdown of -47.48% [26].

Core Viewpoint - The article discusses the recent performance and characteristics of the "Yuexinbao" investment advisory portfolio, highlighting its historical high returns and the strategies employed for asset allocation and cash flow generation [1][3][5]. Group 1: Performance Highlights - The "Yuexinbao" portfolio achieved a historical high with six consecutive days of gains in early July 2025 [3]. - Despite a bear market in recent years, the portfolio has shown stable performance, with 81.82% of the quarters since inception outperforming its benchmark [5]. - The maximum drawdown of the portfolio is limited to -9.13%, indicating effective risk management [9]. Group 2: Portfolio Characteristics - The portfolio features a 6% annual cash flow distribution, providing regular income to investors [8]. - It employs a 40:60 stock-to-bond allocation strategy, which allows for automatic rebalancing to optimize returns [14][16]. - Cash flow sources vary depending on market conditions, with bonds providing income in bear markets and stocks in bull markets [30]. Group 3: Sources of Returns - Returns are derived from three main components: stocks, bonds, and rebalancing strategies [32]. - The stock component focuses on value-oriented investments, contributing approximately 4%-5% in annual dividend yields [36][37]. - Bond returns are influenced by interest rates, with the current low levels of 10-year government bond yields enhancing bond performance [39][44]. Group 4: Recent Adjustments and Investor Engagement - The portfolio underwent rebalancing in July 2025 to adjust stock and bond allocations back to 40% and 60%, respectively, following a market rebound [27][29]. - The investment threshold for the "Yuexinbao" portfolio has been lowered to 200 yuan, making it more accessible for investors [55]. - A promotional activity offering a 50% discount on advisory fees is currently available, valid until December 31, 2025 [61]. Group 5: Investor Performance - Approximately 96.95% of investors in the "Yuexinbao" portfolio are currently profitable, indicating strong overall performance [62]. - The portfolio is recommended for investment during market phases rated between 4-5 stars, with the current rating at 4.8-4.9 stars [63][64].

Core Viewpoint - The article emphasizes that asset allocation is a personal expression of one's understanding of the world, risk perception, and life goals, rather than merely a numerical game [2][4][5]. Group 1: Investment Tools and Strategies - Investors can utilize three main investment tools: asset allocation, stock selection, and market timing, with asset allocation accounting for over 90% of the volatility in institutional portfolio returns [2]. - Different investment strategies reflect individual preferences and risk tolerance, leading to diverse asset allocation choices among investors [3][4]. Group 2: Personalization of Investment Portfolios - Investment portfolios serve as a reflection of an individual's values and future aspirations, with choices influenced by personal experiences and environmental factors [3][5]. - The article highlights that there is no absolute right or wrong in investment choices, as they are based on different cognitive frameworks and risk perceptions [4]. Group 3: The Role of External Opinions - Investors often face pressure from external opinions, which can lead to unnecessary adjustments in their portfolios; successful investing relies on deep insights and steadfast beliefs rather than frequent trading [3]. - The article suggests that maintaining a clear understanding of one's investment philosophy can reduce the impact of external criticism [5]. Group 4: The Snowball Three-Factor Method - The Snowball Three-Factor Method promotes long-term investment through diversification across assets, markets, and timing, aiming for diversified sources of returns and risk mitigation [6].