2025 is coming to an end, and this year has been quite rewarding and insightful. I might as well write down these thoughts, which could serve as a reference for some friends.

**There’s no secret to fitness**

Jump rope, standing postures, dumbbells on an empty stomach in the morning—done rain or shine all year. I made a small adjustment—must sleep before 12 a.m., treating this as the highest priority. You’ll find that when your physical condition improves, your mental clarity also rises, leading to fewer basic mistakes when making investment decisions.

**Investment framework: Let dividends fund technology**

This year, I focused on two main things. First, continuously increasing holdings in the truly money-printing companies within the "Three Major Tracks," gradually building positions as market sentiment fluctuated. Second, increasing allocation to the NASDAQ 100, establishing a mechanism: using the solid dividends from the "Three Major Tracks" to continuously buy top tech companies in the NASDAQ 100.

I also set up an additional "Learning Observation Portfolio" to expand my capability circle—after all, investing is like self-iteration; you always need some budget for trial and error, exploration.

The core logic is: use this year's income to make friends with the market—keep pouring money into the best money-printing machines. Profit from growth during rallies, buy cheap chips during dips, and collect dividends during consolidation. This way, "assets climb stairs, wealth snowballs"—it’s no longer a dream.

Just a rough calculation: if you invested 10,000 RMB in the NASDAQ 100 30 years ago and held it until now, reinvesting dividends, it could grow to about 1.17 million, with an annualized return of around 13.7%. Just looking at price appreciation alone, it’s about 1.08 million, with an annualized return of 13.2%.

This is the power of time and compound interest. No magic, just patience and waiting.

**The moment of debt clearance, truly freedom**

In 2025, I sold an old house in Guangzhou and paid off all loans in one go. That feeling was quite special—the positive cash flow was finally fully realized.

It gave me a profound realization I must share: never borrow money, whether for a mortgage, car loan, or credit card. They’re like bloodsucking parasites on you, constantly draining until you’re completely exhausted. Controlling debt is the key to true freedom in life.

I’ve seen too many smart people start borrowing thinking "inflation will dilute debt," but then they slip into a debt trap, sinking deeper and deeper, until they can’t get out. The twists and turns of this process are not something ordinary people can handle. Always keep a sense of reverence.

If you truly believe inflation will come, then do what I do—long-term investment strategies. Regularly investing in the NASDAQ 100 or continuously collecting high-quality companies from the "Three Major Tracks"—these are guaranteed to beat inflation. The most profitable companies in China and the strongest tech giants in the US have long-term growth potential.

**In the age of information, who should you trust?**

Don’t pay too much attention to those self-media influencers and public account "experts." To judge whether someone’s advice is worth listening to, look at one indicator: their actual net worth.

People who can produce long-term results are the ones with reliable concepts. Look at how Li Ka-shing approaches real estate. Look at what long-term gains from Duan Yongping in the stock market tell us.

Most so-called experts, frankly, just want to make money from you, gain traffic, or boost their fame. Who you trust makes you more likely to become like them. Continuous learning, constantly optimizing your cognitive system, and iterating your decision-making model—this is the right path.

In 2026, I wish everyone to ride the wind and break the waves, and to surge forward immediately.