Stock market is going to crash? 美国股市要大跌了吗?

US stock market seems to rise so well, such that people start to forget how it feels when it crashed last year. 美国股市最近涨的太好,以至于人们忘了去年股市大跌的惨状 Are we going to ride like this forever? The answer definitely is No. sp500 now sits on a dividend rate 1.3%, lower than dot.com bubble peak, the price level certainly is notContinue reading “Stock market is going to crash? 美国股市要大跌了吗?”

Muni is doing well And ARK is not

After I posted a while back on recommendation of Muni, it has been 4-5 months, Muni is indeed doing well. The PIMCO closed-end muni funds have generated monthly cash flow for me (roughly 5% tax-exempted return) and some of them have quite a bit price gain (> 10%). e.g. PNI, PYN and PMX. At theContinue reading “Muni is doing well And ARK is not”

Will the America be saved

This is the longest dark day for 2020, and tomorrow the day becomes longer, every day, non-stop. Will the America be saved? Covid-19 not only brought us economic crisis, also shows how our democracy is at risk. The politicians, globalists and big tech, media have gained so much power and aggression, they rather choose toContinue reading “Will the America be saved”

Closed-End Muni as a Passive Income for High Income Earner

高收入者的被动收入的法宝-封闭式地方债基金 I came across the closed-end muni in Sep and have started purchasing for 2-3 months. In this historically low interest environment, I believe it has provided high income earner a good alternative of tax-free cash flow monthly. 我在今年九月接触到封闭式地方债基金,并且这两,三个月都在购买。在利率历史新低点的, 我认为它提供了高工资人士一种免税月付分红。 Why Muni? Municipal bond’s income is tax exempted at federal level and state level ifContinue reading “Closed-End Muni as a Passive Income for High Income Earner”

Why Non-Hedge is Better 为什么不对冲反而更好

This year I have learnt a great lesson from investing in hedge fund in a volatile market. My financial advisor suggested a famous hedge fund from Renaissance for me last year, I was once excited and hoped it could boost my return over my passive index fund. However its return is brutal this year. 今年我在波动特别大的市场里深刻体会了投资对冲基金的风险。去年我的投资顾问给我推荐了一个文艺复兴的对冲基金,我非常的激动,希望能比我的大盘指数基金获得更好的回报。然而今年它的回报异常的差。Continue reading “Why Non-Hedge is Better 为什么不对冲反而更好”

How will the market move next year 明年美股方向

I am not a person who likes to predict how the market would move in the future, but given the historical moment we are at, it is probably worth thinking where we would put our money in the market next year. 我不喜欢预测股市,但是我们处在一个历史的关键点上,值得我们想想明年如何投资。 Who is the next President of United states is still in the air.Continue reading “How will the market move next year 明年美股方向”

超越市场 Beat the market

If everybody was happy with the market return (Beta Return), it would be a very boring world. Just because there are unlimited opportunities, some people do manage to beat the market and make a better return (Alpha Return) and some people fail to win the market thus they lose money. Today I am going toContinue reading “超越市场 Beat the market”

美国投资基金 U.S Investment Funds

As the most comprehensive,  sophisticated capital market in the world,  U.S  market has provided numerous investment options. 作为世界上最全面,最成熟的金融市场, 美国市场提供无数的投资选择。 To track the U.S economy: S&P 500 is one of the best proxies because it tracks the biggest 500 U.S company in terms of market value and it is supposed to be the strongest and itContinue reading “美国投资基金 U.S Investment Funds”