This is a domestically issued fund QD, and its trend basically follows the U.S. stock market.

513500: In the short term, the U.S. economy is relatively resilient, and there is a high probability that there will be no recession risk. U.S. stocks still have allocation value; however, in the medium to long term, U.S. financial market risks and economic downside risks are increasing.

U.S. economic growth may continue to face pressure from external disturbances and uncertainties, slowdown in global growth momentum, and the fading stimulus effect of tax cuts. In 1993, Buffett recommended index funds for the first time: By investing in index funds regularly, one can gain everything.

Amateur investors who don't understand can often beat most professional investors.

A very strange phenomenon is that when "stupid" money understands its shortcomings, it is no longer stupid.

At the Buffett shareholders' meeting on May 2, 2020, an investor asked that the good time for passive investment has passed, and the good time for active investment will follow.

What do you think?

Buffett said: "There is no reason to stop investing in S&P 500 index funds. In fact, index funds: Buffett has strongly recommended it on many public occasions. Most American investors have allocations, but Chinese investors rarely allocate. Why is this?

The main reasons are: firstly, many investors do not understand this investment type; secondly, most investors like to get rich suddenly rather than get rich slowly. Most of them like short-term stock trading and do not like long-term value investment.