This month’s title is based on "Ying Zhao Fu De Chu Ye" by Shi Qing in the Tang Dynasty. It was originally intended to look forward to the new year. However, given the current global market conditions, it is difficult to have such an optimistic idea in the short term. Various kinds of problems continue to affect the global economy. There is no possibility that the problems will be eliminated in one night. It is only recommended that investors adopt a more conservative and decentralized strategy in the short term. Obviously, the uptrend of U.S. stocks in the past ten years has weakened in 2021. Due to the Omicron epidemic, the Dow once approached the 34,000 in early December, reaching a low of 34,014.41. Although it rebounded thereafter, it never came close to the high of 36,565.73 on Nov 8, even subject to the mark of 36,000! At the time of writing, the Nasdaq was 4.3% lower than the high of 16,212.2 last month, making Cathie Wood's flagship fund Ark Innovation (ARKK) unable to hold even the $100 mark (annual return of -27.24%), even worse situation is even the Tesla (TSLA), which has been very strong in the past few months, also fell to around US$1,000, and the higher US$1,243.49 fell nearly 19%. Investors are not very satisfied with such “report”, predicting on their blogs that their portfolio value will deliver a compound annual growth rate of 40% in the next 5 years. Few fund managers directly doubt the legitimacy of the comments!

Kay Ho (CE No.: ANV293)

Acer King Capital Hong Kong Limited

Statement: The author is a licensee of the 1st, 4th, and 9th types of licenses of Securities and Futures Commission, SFC. Acer King securities Limited and Acer King Capital Hong Kong Limited are affiliated companies of Hantec Group and were invited to contribute articles in Hantec Group's monthly newsletter. The writing does not represent the position of Hantec Group. As the author does not personally hold the above-mentioned shares, investors should exercise caution when buying or selling relevant securities and investment instruments.