硅谷居士搬运号

People often say that the growth of the US stock market is closely tied to the tech sector, and this viewpoint is spot on.

Looking back at June 19, 2026, it's clear that among the top ten companies by market cap in the US stock market, they are all tech giants without exception. These ten industry leaders are Nvidia, Google, Apple, Microsoft, Amazon, SpaceX, Broadcom, Meta, Tesla, and Micron. The complete dominance of the tech industry in this top ten list is unprecedented, showcasing a 100% concentration that we've never seen before.

With the recent IPO of SpaceX, which is set to officially join the Nasdaq 100 index next month, all ten of these market cap leaders will be confirmed as components of the Nasdaq 100. This also means that all you folks holding Nasdaq index funds are indirectly investing in the stocks of these top-tier companies.

Further examining the sub-sectors, we can see that Nvidia, Apple, Microsoft, Broadcom, and Micron all belong to the information technology sector. Because of this, the focus on tracking the tech index fund VGT has included all of them. Additionally, this list features three companies that specialize in semiconductors, namely Nvidia, Broadcom, and Micron. Currently, all three of these companies have been added to the investment portfolio of the semiconductor fund SMH.

In May, inflation levels in the U.S. remained elevated, putting the stock market to the test.

According to the latest report released by the U.S. Bureau of Labor Statistics on June 10, the Consumer Price Index (CPI) for May is still running high. Specifically, the May CPI rose by 4.2% compared to the same period last year, aligning perfectly with market expectations, but it also marks the highest level since the beginning of 2023, showing a significant acceleration from the previous 3.8%. Looking at the month-over-month data, the CPI increased by 0.5%, a slight decline from the previous rise of 0.6%. Clearly, the ongoing rise in energy prices due to the war in Iran has been the main driver pushing overall inflation higher.

Excluding the more volatile food and energy components, the core CPI in May increased by 2.9% year-over-year, which matches external expectations. Month-over-month, the core CPI only rose by 0.2%, falling short of the market forecast of 0.3%, and showing a noticeable slowdown compared to the previous month's 0.4%. However, it's important to remember that the Federal Reserve's ongoing inflation policy target is to keep the core inflation rate strictly below 2%.

Lastly, a special scam alert: SVScholar is currently my only official account on platform X. I have never registered or used any WhatsApp or Telegram accounts. Please keep your eyes peeled; those who actively invite people into groups in the comments section are outright scammers.

#FinancialFreedom #WealthFreedom #FinancialManagement #InvestmentManagement #USStocks #USA #Stocks #Funds #Investment #NASDAQ #Inflation #CPI

The semiconductor sector has always been a hot topic among investors. Today, let’s take a look at the historical performance of the semiconductor index fund SMH.

First off, let’s check out this fund’s long-term average annualized return. Over a stretched timeframe, its average annualized return over the past 20 years stands at 21%. If we zoom in on the last 15 years, that number jumps to 28%. In the past 10 years and the last 5 years, its average annualized return has been consistently at 36%.

Next, let’s review the specific returns for each individual year. Starting from 2012, the return for that year was 5%, followed by impressive gains of 40% and 29% in 2013 and 2014, respectively. By 2015, there was a slight pullback with a return of -2%. Then the market regained its momentum, achieving returns of 36% and 38% in 2016 and 2017, respectively. However, 2018 saw a drop of -9%.

Since 2019, this fund has shown a robust performance. The return for 2019 hit 64%, and it maintained strong figures of 56% and 42% in 2020 and 2021, respectively. Despite facing a significant adjustment of -34% in 2022, 2023 saw a quick rebound with returns skyrocketing to 73%.

Looking at the recent years, the return for 2024 is projected at 39%, with 2025 expected to climb further to 49%. Additionally, as of June 5, 2026, its performance for the year 2026 has already reached 68%.

#FinancialFreedom #WealthFreedom #FinancialPlanning #InvestmentManagement #USStocks #America #Stocks #Funds #Investment #NASDAQ #VGT #AI #SMH

Let go of the obsession to be a market oracle.

Just today, a buddy reached out to me for some trading strategies. He mentioned that the semiconductor ETF SMH is currently at a pretty attractive price point, and he's really torn about whether to hold off and wait for a better entry before stacking more.

In response to his concerns, I made it clear that this kind of thinking is essentially market timing, or what we call 'timing the market.' I further explained that, as retail traders, we certainly have the smarts to pick out high-quality ETFs that suit us, but nailing the exact entry and exit points to perfection is a skill that only the pros possess. Therefore, we should stay rational and never try to play the role of a market wizard.

If you're looking to dive deeper into my personal trading experiences and financial insights, feel free to check out Amazon or Google Play Books for more related content. Just search for my Chinese financial guide '财富捷径' or the corresponding English version 'The Shortcut to Wealth: Your Simple Roadmap to Financial Independence.' Thank you so much for your attention and reading.

#FinancialFreedom #WealthFreedom #FinancialManagement #Investment #Stocks #ETFs #Trading #NASDAQ #VGT #SMH

Global investors have long had a soft spot for the US stock market. Professional institutions have reported that foreign investors hold about 20% of US company stocks, with some studies suggesting this figure could be as high as 40%. Among the many multinational investors, which countries hold the largest US stock assets?

By sifting through publicly available information from the US Treasury and several related institutions, I've compiled a list of countries that rank at the top for holding US stock assets and further calculated the per capita holdings in each region. Here are the key figures for the leading countries, with all amounts quoted in USD:

Canada: Total holdings of $2.1 trillion, per capita $52,000.
UK: Total holdings of $2.1 trillion, per capita $30,000.
Japan: Total holdings of $1.2 trillion, per capita $9,000.
Switzerland: Total holdings of $940 billion, per capita $106,000.
Norway: Total holdings of $800 billion, per capita $150,000.
Singapore: Total holdings of $750 billion, per capita $126,000.
Australia: Total holdings of $690 billion, per capita $26,000.

From the data above, it’s clear that the top-ranking countries are all among the wealthiest developed nations. Particularly noteworthy is Norway, which, despite a total population of only 5.6 million, consistently ranks highest in per capita US stock holdings. Norway's sovereign wealth fund alone manages about $600 billion worth of US company stocks, translating to an impressive $120,000 per capita. Given that this immense wealth is shared among all Norwegian citizens, it essentially means that each Norwegian is born into a national account with over $100,000 worth of quality stocks from top firms like Nvidia, Google, Apple, and Microsoft.

Additionally, according to data from the US Treasury, Chinese institutions and individual investors hold a total value of about $225 billion in US stocks, which translates to approximately $160 per capita.

If you have further interest in investment and wealth management and wish to gain more of my practical experience and personal insights, feel free to check out my books on Amazon or Google Play Books. You can directly search for my Chinese finance book "财富捷径" or find the English version "The Shortcut to Wealth: Your Simple Roadmap to Financial Independence." Thanks for your support!

#FinancialFreedom #WealthFreedom #FinancialManagement #Investment #USStocks #USA #Stocks #Funds #Investing #NASDAQ

Thoughts on Domestic Investors' Preference for Chinese Concept Stocks

Today, a friend from back home threw a question my way, wanting to understand the recent plunge in Chinese concept stocks and the overseas media's take on it. This friend had previously shown me screenshots of his Hong Kong stock account, and I noticed he was holding several Chinese concept stocks that I had never even heard of.

In response to his query, I straight up told him that I wasn't interested in those worthless assets. I was puzzled, though—since he already had the means to trade Hong Kong stocks, why not just dive into US stocks or funds directly? To save us both some precious time, I made it clear that I would no longer discuss A-shares or Chinese concept stocks in the future. I added that, as the saying goes, if our investment philosophies don't align, it's best to part ways early.

#FinancialFreedom #WealthIndependence #FinancialPlanning #Investment #USStocks #America #Stocks #Funds #Investing #NASDAQ

If you're looking to further explore my practical insights and personal views on investing and finance, feel free to check out Amazon or Google Play Books. Just search for my Chinese finance book "财富捷径" or its English version "The Shortcut to Wealth: Your Simple Roadmap to Financial Independence" for more details. Thanks!

Why Domestic Investors are Fond of Chinese Concept Stocks

Just today, I received another question from a friend back home. He specifically asked me about the recent sharp drop in Chinese concept stocks and what the foreign media really thinks about it.

This made me recall earlier when this friend showed me a screenshot of his Hong Kong stock account. In that asset record, I noticed a few Chinese concept stocks that I had never seen before. I candidly told him that I couldn't care less about those junk assets.

But after our conversation ended, I pondered: since he has successfully opened and is using a Hong Kong stock account, why didn’t he take it a step further and invest directly in US stocks or related funds? This raises an interesting question: what drives these investors to have such a strong obsession with Chinese concept stocks?

#FinancialFreedom #WealthFreedom #FinancialManagement #InvestmentManagement #USStocks #America #Stocks #Funds #Investment #NASDAQ

If you're interested in diving deeper into my practical insights and personal views in the financial management field, I warmly welcome you to visit Amazon or Google Play Books. Just search for my Chinese financial management book "The Shortcut to Wealth", or look for the English version "The Shortcut to Wealth: Your Simple Roadmap to Financial Independence" to access the complete content. Thank you sincerely for your attention and support!

Are the semiconductor and software sectors becoming a pair of inverse indicators?

Fellow traders, if you've been keeping an eye on the market this year, you might have noticed a particularly interesting phenomenon: the semiconductor-themed fund SMH and the software-themed fund IGV often show completely opposite movements on a daily basis.

Specifically, whenever the market is bullish on AI programming and expects a huge success, the SMH chart skyrockets, while at the same time, IGV often takes a nosedive.

When market sentiment flips, the performance of these two also reverses.

#FinancialFreedom #WealthFreedom #FinancialManagement #Investment #USStocks #America #Stocks #Funds #Investment #Nasdaq #SMH #IGV

Recently, the stock prices of well-known semiconductor firms have experienced a significant pullback.

On May 19, 2026, the semiconductor sector continued its recent downward trend, marking the third consecutive trading day of deep declines.

Investors should note that, compared to the Semiconductor ETF SMH, which has only retraced 8% from its peak, some of the spotlight companies are in a much tougher spot, with several nearing or fully entering bear market territory.

If we take stock of these hot firms and their specific declines from historical highs, it's clear to see: Intel has plunged 22%, Sandisk has dropped 18%, and AMD has also faced a 15% shrinkage.

The current market trend is a clear warning sign, reinforcing the idea that investing in individual stocks often carries significantly higher risks than holding a diversified index.

#FinancialFreedom #WealthFreedom #FinancialManagement #InvestmentManagement #USStocks #USA #Stocks #Funds #Investing #NASDAQ #SHM #AI

Recently, the semiconductor stocks have been taking a serious hit.

As of May 19, 2026, the semiconductor sector has inevitably faced a significant drop for the third consecutive trading day. However, during this process, the market has shown a noteworthy divergence. The semiconductor index fund SMH, which reflects the overall industry trend, has been holding relatively strong, only pulling back 8% from its all-time high. In stark contrast, several previously high-flying star stocks in this sector have undergone deep corrections, with some stocks hovering on the edge of a bear market and even effectively entering a bearish phase.

To get a clearer picture, let's look at the specific pullback percentages of these hot companies from their respective peaks. Intel has seen a plunge of 22%, followed closely by Sandisk with an 18% drop, Broadcom's stock price has fallen by 17%, and AMD has also recorded a 15% decline.

These real market data points once again confirm a classic investment rule: concentrating funds in a single stock often means taking on significantly greater potential risks compared to more diversified index-based investments.

Recently, the surge in Chinese concept stocks has caught a lot of attention. Just yesterday, a friend of mine from back home asked me about this, exploring if it’s the right time to jump in. In response to his query, I shared a set of key data. Taking the KWEB index fund, which tracks the performance of Chinese concept stocks, as an example, its average annualized return over the past decade is only 1.6%. Objectively speaking, this level of return can't even keep up with inflation during the same period.

Moreover, I discussed with him some widely circulated sayings in the investment community. Industry insiders often remind each other to 'cherish life, stay away from A-shares,' and they also call to 'cherish life, stay away from Chinese concept stocks.' Some even jokingly say they want to write 'never touch A-shares' into their family rules as a self-imposed limit and have summed up the strategy of 'believe in national fortune, go all in on the NASDAQ.'

Here, I also want to give everyone a friendly piece of advice: If one day in the future you suddenly feel an irresistible urge to buy stocks of Chinese companies, it might be wise to calm yourself down first, loudly recite the aforementioned industry maxims 100 times to settle your emotions and maintain rationality.

https://t.co/maLCPxXAWL

If you’re interested in my investment philosophy and financial insights and want to delve deeper, you are very welcome to visit Amazon or Google Play Books. Just search for my Chinese financial book《财富捷径》or the corresponding English version《The Shortcut to Wealth: Your Simple Roadmap to Financial Independence》for detailed content. I sincerely appreciate everyone’s attention!

#financialfreedom #wealthfreedom #financialmanagement #investment #USstocks #America #stocks #funds #investment #NASDAQ #Ashares #Chineseconceptstocks

Exploring the Asset Allocation Secrets of America's Wealthy Class

In a world major power with a population exceeding ten million, the per capita wealth in the U.S. has long been at the top, which is a well-known fact. Specifically, while the median family wealth in the U.S. hovers around $200,000, the average has already surpassed the $1 million mark.

So how do these American families plan and allocate their assets?

Through the latest statistics released by the Federal Reserve, we can clearly see the distribution of overall household assets across different investment channels. Broadly speaking, stocks and fund assets dominate, accounting for a whopping 33%, far exceeding the 24% share of owner-occupied real estate. Meanwhile, other assets and cash and deposits make up 25% and 10%, respectively, while equity in private companies accounts for 8% of the overall allocation. It’s worth noting that other assets mainly include pensions, bonds, and automobiles.

This data reveals a very intuitive phenomenon: stocks and stock funds hold a commanding 33% share of American household assets. In contrast, only 10% of funds are kept in cash and deposits, which largely confirms the traditional impression that Americans are not keen on bank savings.

However, this distribution structure only reflects the average state of American households. Once we shift our focus to different wealth tiers, we discover stark differences in investment habits among the average middle class, affluent families, and ultra-high-net-worth individuals.

According to detailed asset data based on different wealth levels, the proportions of various assets exhibit a pronounced class differentiation. In real estate, the middle class has 45% of their assets concentrated here, affluent households hold 25%, while the top 1% of ultra-wealthy individuals only have 8%. In terms of stock assets, the middle class allocates 20%, affluent households increase it to 35%, and the top 1% group skyrockets to 45%. Regarding private company equity, the shares for the middle class, affluent, and top 1% are 5%, 10%, and 30%, respectively. In cash holdings, the middle class retains 10%, affluent households drop to 7%, and the top 1% group holds only 4%. As for other assets, the proportions for these three tiers are 20%, 23%, and 13%, respectively.

From this comparative data, it’s easy to draw the conclusion: the wealthier the household, the lower the share of cash savings and real estate in their total assets, while the proportion invested in stock assets and private company equity tends to be higher.

Based on these facts, we can distill a few key insights.

First, stock assets show a very high concentration. The richest 10% of Americans hold about 90% of all individually-owned stocks and fund assets in the U.S. These high-net-worth families are well aware of the inherent logic of wealth appreciation; they view stocks as the core engine for exponential asset growth, thus reaping the most generous returns in the long-term bull market.

Secondly, real estate actually serves as the wealth cornerstone for the middle class and lower-income households. For about 90% of the average public, their first home is not only a place of residence but also a core asset, accounting for nearly half of the middle class's total net worth. In stark contrast, among the top 1% of wealthy individuals, even if they own multiple luxurious villas, real estate accounts for less than 10% of their total assets, hardly even a blip.

Lastly, there’s a difference in the mindset regarding cash and deposits. In the wealth structure of lower-income classes, checking accounts and cash occupy a massive proportion. This isn’t driven by any investment strategy but is necessary for covering daily expenses and maintaining liquidity for survival. Conversely, for high-net-worth families, the proportion of cash they hold relative to their net assets often falls to 4% or even lower. In their view, excess cash continuously depreciates due to inflation, essentially becoming a liability. Therefore, they prefer to automatically transfer surplus idle funds into short-term U.S. Treasury securities or high-yield money market funds.

In summary, if you aspire to join the ranks of the wealthy early on, you should focus your core energy on actively acquiring and holding equity in businesses, whether it be stocks of publicly traded companies or shares in private enterprises, while minimizing the idle proportion of cash assets as much as possible. In other words, even if you haven’t started your own company yet, you can still hold equity indirectly through investing in stocks and stock funds, thereby sharing in the ample dividends from corporate profits and scale expansion.

If you wish to further explore my practical experience and deep thinking in investment management, feel free to search for my financial book on Amazon or Google Play Books. My Chinese book is titled 《财富捷径》, and the English version is called 《The Shortcut to Wealth: Your Simple Roadmap to Financial Independence》. Thank you for your reading and support!

#FinancialFreedom #WealthFreedom #FinancialManagement #InvestmentManagement #USStocks #America #Stocks #Funds #Investment #NASDAQ

US Wage Growth Falls Behind Inflation for the First Time in Three Years

According to the latest stats from the Labor Department, we’re seeing a significant shift: American income growth has lagged behind price increases for the first time in nearly three years.

To break it down, while wages for Americans have risen 3.4% compared to the same time last year, the current inflation rate has hit 3.8%. This marks the first time in three years that wage increases have dipped below the inflation rate.

Additionally, the persistently high inflation is primarily driven by two key factors: soaring energy costs and skyrocketing housing prices.

April's U.S. Consumer Price Index Shows Significant Upward Trend

The U.S. Department of Labor has officially dropped the much-anticipated CPI data for April today. The overall figures send a clear signal that inflation remains stubbornly resilient.

Looking at the specifics, the year-over-year CPI increase for April hit 3.8%. This number not only surpassed the market's previous expectation of 3.7% but is also noticeably higher than the prior 3.3% level. Additionally, the month-over-month growth rate came in at 0.6%.

Moreover, the core CPI data is also trending upwards, recording a 0.4% increase month-over-month, which clearly indicates that costs related to services and housing continue to rise.

Based on the performance of the above data, the market widely anticipates that the Federal Reserve is unlikely to implement any rate cuts this year.

https://t.co/uZoU6yd3Gw

#FinancialFreedom #WealthFreedom #FinanceManagement #InvestmentManagement #USStocks #America #Stocks #Funds #Investment #Nasdaq #FederalReserve

Recently, well-known stablecoin issuer Circle shared its latest quarterly financial report with the public. Overall, the company's various business sectors continue to show steady growth.

In terms of core financial metrics, the company generated total revenue of $690 million this quarter, marking a 20% increase compared to the same period last year. Despite the impressive revenue performance, its net profit has seen a slight decline, recording a net profit of $55 million this quarter, which is a 15% drop year-over-year. Meanwhile, the market demand for USDC remains incredibly strong. According to the data disclosed in the financial report, the total circulating supply of USDC stablecoins has surged to $77 billion, reflecting a significant 28% increase compared to the same time last year.

A Deep Dive into Micron's Price Retracement History

For those keeping an eye on the market, storage chip companies often exhibit significant cyclical volatility. To illustrate this phenomenon more clearly, let's take a look at the actual situation of the largest U.S. storage chip manufacturer, Micron. Over the years, the company's stock price has gone through multiple deep corrections across different market cycles.

Here’s a detailed rundown of Micron's major price retracement percentages throughout its development:

During the 1995 to 1996 cycle, the retracement reached a whopping 80%.
From 2000 to 2003, the stock experienced a deep drop of up to 92%.
In the subsequent 2006 to 2008 period, the retracement was still a significant 90%.
From 2014 to 2016, the stock saw a retracement of 70%.
In 2018 alone, it hit a decline of 55%.
By 2022, the stock price faced a 50% retracement.
And looking ahead to the 2024 to 2025 period, the retracement level is expected to stay around 60%.

#FinancialFreedom #WealthFreedom #FinancialManagement #Investment #USStocks #USA #Stocks #Funds #Investing #NASDAQ #Semiconductors #SMH #DRAM

After revealing the fund products in my personal stock account today, I've received quite a bit of feedback from friends, with some wanting me to disclose the exact asset allocation ratios. After some consideration, I've decided not to share these ratio figures.

The primary reason is that I firmly believe every investor should plan their asset allocation based on their own risk tolerance, rather than blindly copying someone else's portfolio. Additionally, given the inherent fluctuations in fund market prices and my ongoing strategy of continuous buying and dynamic rebalancing, these allocation figures are actually in a constant state of flux.

Moreover, some readers have even requested the specific number of shares held in each fund and the purchase cost basis. This request clearly crosses the line, touching on our family's financial privacy.

I also want to urge the broader audience: please try to understand us bloggers who are eager to share selflessly, and while we engage, allow us a bit of necessary personal space.

Thank you all for your understanding!

#FinancialFreedom #WealthFreedom #FinancialManagement #InvestmentManagement #USStocks #America #Stocks #Funds #Investing #NASDAQ #Semiconductors #SMH #VGT

A Letter to My Fellow Readers: A Few Requests Regarding Personal Privacy

Just today, I've shared the details of my personal stock account's fund investments with everyone. Following that, quite a few enthusiastic friends expressed a desire to further understand the exact allocation percentages of my assets. After some consideration, I've decided not to disclose the specific weightings of my positions.

This decision is primarily based on two objective reasons. First, I will continue to make daily adjustments to my positions and add to my holdings, and given the inherent volatility in the fund market, these allocation ratios are constantly changing. Second, I firmly believe that each friend must build their investment portfolio based on their own risk tolerance; blindly copying someone else's allocation strategy is highly inadvisable.

Furthermore, I find it a bit troubling that some readers want to probe into the exact shareholdings and purchase costs of each of my funds. By nature, this undoubtedly touches the core of personal financial privacy.

Here, I sincerely ask everyone, while you read and reference this information, please allow us creators who are eager to share selflessly a bit of necessary personal space.

Thank you all for your understanding and support!

#FinancialFreedom #WealthFreedom #FinancialManagement #InvestmentManagement #USStocks #America #Stocks #Funds #Investment #NASDAQ #Semiconductors #SMH #VGT

US stocks hit new highs, with the semiconductor sector showing strong leadership

During the early trading session on May 5, 2026, the semiconductor ETF SMH saw a significant surge of nearly 3%. This robust momentum pushed multiple critical market indicators, including the S&P 500, Nasdaq 100, and the information technology sector ETF VGT, to new all-time highs.

From my personal trading perspective, this wave of bullish activity has yielded some delightful returns. I just entered a position in SMH yesterday, and within less than a day, I've already realized close to 4% in paper profit.

Analyzing the current capital market landscape, one core logic stands out clearly: the performance of the US stock market is heavily reliant on the tech sector, with breakthroughs in technology centered around artificial intelligence, which is firmly underpinned by semiconductors. Therefore, we have every reason to believe that semiconductors are playing a pivotal role in leading the entire US stock market.

If you're interested in more detailed investment strategies and financial insights, you're very welcome to visit Amazon or Google Play Books. On these platforms, you can purchase my Chinese finance book "财富捷径" or its corresponding English version "The Shortcut to Wealth: Your Simple Roadmap to Financial Independence."

#FinancialFreedom #WealthFreedom #FinancialManagement #Investment #USStocks #America #Stocks #Funds #Investing #Nasdaq #Semiconductors #SMH

Top 10 Best-Selling Smartphones Worldwide: Apple and Samsung Dominate

In the latest industry update released on May 5, market research firm Counterpoint Research revealed the rankings of the ten most popular smartphones globally for Q1 2026. Overall, this list has been largely split between two tech giants.

The data report clearly shows that Apple is the undisputed sales champion this quarter. The newly launched iPhone 17 series not only occupies four spots on the list but also sweeps the top three positions. The standout performer is the Apple iPhone 17, which contributes 6% of the global smartphone market's sales share, successfully clinching the title of global sales champion for Q1. Its siblings, the iPhone 17 Pro Max and iPhone 17 Pro, also performed well, coming in second and third on the list, respectively.

Aside from Apple, Samsung has also showcased strong market appeal, with its Galaxy A series featuring five models breaking into the top ten.

In contrast, among Chinese smartphone brands, only Xiaomi managed to bring one model into the rankings, landing at the last spot.