Group 1 - The article discusses a stable investment portfolio strategy, with a stock allocation of 30%-60%, bond allocation of 30%-55%, and commodity allocation of 10%-15% [4][6] - The current portfolio consists of approximately 29% in stocks, 58% in bonds, and 13% in commodities, with a weekly return of 0.52% and a year-to-date return of 3.79% [6][4] - Recent adjustments include increasing positions in solar energy and gold, reflecting a cautious approach to market conditions [6][4] Group 2 - The article emphasizes the importance of self-awareness in investing, suggesting that understanding one's own risk tolerance and investment needs is crucial [10][11] - It highlights the tendency of investors to chase short-term gains while neglecting their own financial situation and risk capacity [10][12] - The concept of risk recognition is presented as the first step in investing, advocating for a diversified asset allocation strategy that aligns with individual risk profiles [12]

Core Viewpoint - The article emphasizes the importance of understanding risks associated with stock investments, highlighting that while stocks may offer higher long-term returns compared to gold and bonds, they also come with significant risks that investors often overlook [2][3]. Group 1: Stock Market Returns and Risks - Over the past 20 years, the annualized return of the CSI 300 index was 7.91%, but it experienced a maximum drawdown of 72.3%. In comparison, the NASDAQ 100 had an annualized return of 14.34% with a maximum drawdown of 53.71% [4]. - The volatility of global stock markets is significant, and while the CSI 300 may show strong gains in certain years, it is often followed by substantial corrections and risks [5]. - Many investors lack the capacity to endure large fluctuations in stock prices, leading them to sell at a loss before recovering from downturns [7]. Group 2: Performance Comparison with Bonds and Gold - In the past decade, gold achieved an annualized return of 13.03%, while the CSI 300 had an annualized return of -1.8%. Over the last three years, the annualized return of Chinese bonds was 4.93%, significantly outperforming the CSI 300's -3.63% [8]. - Stock returns are tied to corporate earnings, which can be adversely affected by economic downturns, industry changes, and policy shifts. During such times, bonds and commodities may perform better due to their low correlation with stocks [8]. Group 3: Investor Behavior and Market Realities - The actual returns for investors differ from theoretical stock market returns, largely due to individual investor behavior. Many investors mistakenly believe they can easily buy low and sell high, which is often an illusion created by hindsight [9]. - Historical trends indicate that only 20% of investors possess the necessary knowledge and strategies to achieve long-term profits, while 80% do not, leading to negative returns [10]. Group 4: Investment Strategy and Asset Allocation - A balanced investment strategy that includes stocks, bonds, and commodities can enhance risk-adjusted returns. For example, a portfolio consisting of 60% stocks, 30% bonds, and 10% gold showed a cumulative return of over 100% in the past seven years, with a maximum drawdown of only 7.67% [10][12]. - The proposed investment allocation includes 60% in equity funds, 30% in bond funds, and 10% in commodity funds, which can effectively reduce overall portfolio volatility and improve long-term performance [12][14].

Group 1 - The article introduces the "Xiaoxue Three-Part Method" investment strategy, which aims to provide a more scientific and sustainable investment approach to avoid losses from chasing market trends [3][4]. - The investment allocation is based on a growth-oriented plan with a ratio of 30% bonds, 60% stocks, and 10% commodities, reflecting the author's risk tolerance and investment goals [3][4]. - The bond allocation focuses on domestic bonds and U.S. dollar bonds to benefit from high yields and potential interest rate cuts, serving as a stabilizing component in the portfolio [3][4]. Group 2 - The performance of the Xiaoxue Three-Part Method portfolio showed an overall increase of 0.76% last week, with contributions from both equity and bond segments despite a turbulent domestic equity market [7]. - The article highlights the resilience of the portfolio amid geopolitical tensions, with gold prices rising by 1.56% and oil prices surging by 13.32% due to market dynamics [7][18]. - The article notes that the portfolio's year-to-date weighted return is 4.88%, with a maximum drawdown of less than 8%, indicating a balanced growth strategy [7]. Group 3 - The A-share market experienced a pullback, with major indices declining, while sectors like energy and materials showed positive performance [9][10]. - The Hong Kong market displayed mixed results, with healthcare and materials sectors performing well, while consumer sectors faced declines [12]. - U.S. stock indices faced pressure, with the S&P 500, Nasdaq, and Dow Jones all recording losses due to rising inflation expectations and geopolitical tensions [14]. Group 4 - The bond market showed a slight upward trend, supported by central bank signals and increased buying activity in short-term bonds [15][17]. - The article emphasizes the importance of commodity investments as a risk-hedging tool, with a recommended allocation of 10-15% to enhance portfolio performance [4][21]. - Geopolitical events have significantly impacted commodity prices, with oil prices rebounding sharply due to Middle Eastern tensions and gold prices benefiting from increased safe-haven demand [18][20].