Personal Finance
Asset allocation, wealth management products, and the beginner's path to a sensible portfolio — learned in public, one concept at a time.
01Personal Finance (1): Why Asset Allocation Matters
Why your money shouldn't all sit in one place, and what 'allocation' actually means, from an engineer who just worked it …
02Personal Finance (2): The Product Zoo — From Money Market Funds to Gold
A field guide to every financial product a beginner meets in a Chinese wealth-management app — what each one does, and …
03Personal Finance (3): What a Bank Wealth-Management Subsidiary (理财子) Really Is
Post-2018 bank wealth management in China: net-value products, R1-R5 risk levels, fixed income+, and how to actually …
04Personal Finance (4): Index Funds and ETFs — The Lazy Investor's Edge
Why most people should just buy the index — the fee-drag math, the Chinese index landscape, and how dollar-cost …
05Personal Finance (5): Bonds and Fixed Income — The Stable Half of Your Portfolio
Bonds without the padding: yield, duration, why prices fall when rates rise, and what November 2022 taught me about …
06Personal Finance (6): From Theory to Practice — A Beginner's Portfolio Path
The practical capstone: allocation tables by portfolio size, dollar-cost averaging steps, a rebalancing rule with a …