Personal Finance (5): Bonds and Fixed Income — The Stable Half of Your Portfolio

Mon, 25 May 2026 09:00:00 +0000

Everyone says “put some money in bonds.” Every asset allocation pie chart has a calm blue slice labeled “fixed income.” And for years I nodded along, put some money in a bond fund, and moved on without understanding what I’d actually bought. Then one November morning in 2022, I opened my portfolio and saw my “safe” bond fund down 2.5% in a single week. That didn’t feel safe at all.

Personal Finance (3): Bank Wealth Management Subsidiaries — What '理财子' Actually Means

Tue, 19 May 2026 09:00:00 +0000

I keep seeing the term “理财子” (lǐ cái zǐ) everywhere. Bank apps push notifications about “理财子公司 exclusive products.” Finance forums debate which 理财子 has the best returns. Colleagues casually drop it at lunch: “I moved everything to ICBC’s 理财子 last month.”

Fixed Income on Chen Kai Blog

Personal Finance (5): Bonds and Fixed Income — The Stable Half of Your Portfolio

Personal Finance (3): Bank Wealth Management Subsidiaries — What '理财子' Actually Means