Core Viewpoint - The article warns against blindly choosing fixed-term deposits in the coming years due to four significant risks that could undermine their value and effectiveness as a savings tool [1]. Group 1: Risks of Fixed-Term Deposits - Deposit returns are lagging behind inflation, leading to a gradual decline in purchasing power [3]. - The current interest rates for fixed-term deposits are at historical lows, making it increasingly difficult to rely on deposit interest for living expenses [4]. - Fixed-term deposits have poor liquidity, resulting in substantial interest losses if funds are needed before maturity [6]. - Long-term holding of fixed-term deposits may cause investors to miss out on better investment opportunities, such as government bonds or structured deposits [7]. Group 2: Advantages of Fixed-Term Deposits - Fixed-term deposits can provide a safety net for inexperienced investors, ensuring principal protection against market volatility [7]. - They allow for a strategic pause in investment activity, enabling investors to wait for more favorable market conditions [7]. - The choice of financial strategy should be based on individual risk tolerance, financial situation, and investment goals, emphasizing the importance of rational decision-making [8].

Core Viewpoint - The article discusses the journey of wealth accumulation from 1 million to 10 million, emphasizing the importance of investment strategies in real estate and the stock market, while highlighting the challenges and opportunities in each sector [1][2]. Group 1: Investment Strategies - Real estate was once the best investment option due to rapid urbanization and population growth, but the current market presents risks, especially for new investors who may become "back holders" [1][2]. - The stock market is seen as a more reliable long-term investment, with historical annualized returns of 8.4% for U.S. stocks and 6.5% for China's CSI 300 ETF from 2013 to 2024 [1][2]. - A calculation shows that with a 6.5% annual return and an additional investment of 50,000 per year, it would take 29 years to reach 10 million, while an 8% return would shorten this to under 25 years [2]. Group 2: Personal Experience and Insights - The author shares personal investment experiences, focusing on low-cost purchases of leading stocks and ETFs in sectors like consumer goods and healthcare, achieving an annualized return of around 11% [2][3]. - The article emphasizes the cyclical nature of the Chinese stock market, suggesting that strategic buying during downturns can yield significant returns [2][3]. - The author aims to maintain a 10% annualized return to reach the 10 million target in approximately 9 years [2]. Group 3: Real Estate Market Analysis - The current real estate market is described as favorable for investors due to low down payments and high leverage, with some cities offering rental income that exceeds loan interest [3][4]. - The article discusses the potential for significant profits if real estate prices double over ten years, while also addressing the risks of price declines and the lack of forced liquidation policies in mainland banks [3][4]. - Historical examples from the U.S., Japan, and Hong Kong are cited to illustrate that real estate values can recover over time, even after significant downturns [3][4]. Group 4: Financial Products and Leverage - The article suggests that leveraged financial products, such as margin trading and real estate loans, can be advantageous if there are no forced liquidation policies in place [4]. - It highlights the importance of understanding risk and reward dynamics in leveraged investments, suggesting that the absence of forced liquidation can provide a safety net for investors [4].