One year ago, if you invested 1 RMB and 10,000 RMB respectively into a money market fund (where product data shows a past-year yield of 1.19%), how much would you have earned by now?

You might think this is just a simple elementary school math problem:

• 1 RMB Yield = 1 * 1.19% = 0.0119 RMB (Since the smallest unit of RMB is the fen, meaning up to two decimal places, the third decimal is rounded, resulting in 0.01 RMB).
• 10,000 RMB Yield = 10,000 * 1.19% = 119 RMB.

But the actual yield is: 0 RMB earned from the 1 RMB investment, and 119 RMB earned from the 10,000 RMB investment.

What if you only invested for a single day (assuming a 7-day annualized yield of 1.038% and a yield per 10,000 shares of 0.2804)? The answer is: 0 RMB earned from the 1 RMB investment, and 0.28 RMB earned from the 10,000 RMB investment.

Why is the yield on a 1 RMB money market fund always zero? Where did the yield that should have been there go?

Yesterday morning, Beijing time on June 12 (before SpaceX has been IPO), I opened YouTube and noticed a SpaceX livestream recommended on my homepage. Upon clicking in, I realized it was actually a highly realistic, well-disguised scam trap.

The stream claimed that Elon Musk was announcing a SpaceX IPO via cryptocurrency, inviting viewers to scan a QR code in the video to participate in the launch. Driven by curiosity to see what was actually going on, I scanned the QR code. It turned out the website was not for buying SpaceX stock with crypto at all, but rather a fake “SpaceX IPO Cryptocurrency Giveaway” event.

I recently encountered an issue using a coupon on Taobao Flash Sale. It took six rounds of back-and-forth communication with customer service to finally resolve it. Through this after-sales experience, I want to discuss the systemic issues revealed by Taobao Flash Sale’s resolution process.

With Gold Soaring and Plunging, Is It Still a Good Investment? Sharing My Understanding of Gold.

Gold has recently seen violent fluctuations—skyrocketing and then plummeting. Many are asking: Is it still safe to invest? Here is my take on gold investment.

The core purpose of investing in gold is to improve portfolio diversity, hedge against inflation, offset risks, and seek safety. It is crucial to be clear on one thing: Gold is for long-term asset allocation, not for short-term speculative riches.

Ray Dalio, founder of Bridgewater Associates, suggests that gold should make up 5% to 15% of an investment portfolio. particularly in the current context of ballooning global debt, he advises leaning towards the higher end, allocating 10% to 15%.

Gold is a medium for storing wealth. It cannot be replicated (unlike paper currency which can be printed infinitely), and its confiscation risk is very low—it is difficult for governments or banks to freeze it or artificially devalue it. However, gold itself does not generate value, nor does it yield interest. Its long-term returns are correlated with the money supply (M2), with a long-term real annualized compound return rate of approximately 2.0% to 3.6%.

Of course, gold prices will not rise forever; history shows periods of prolonged decline. Regarding a drop in the price of gold within my portfolio, my mindset is this: Allocating gold is like buying insurance for my investments. If it falls, I treat it as paying the insurance premium for renewal; if it keeps rising, it’s like receiving an insurance payout.

Found some good news today: The threshold for becoming a “Traffic Master” (monetization) on WeChat Official Accounts has been lowered.

As long as your follower count is 100 or more, you can now activate most advertising slots. This includes “Comment Section Ads,” “Bottom Ads,” “In-Article Ads,” “In-Article Keyword Ads,” “Post-Video Ads,” and “Commission-based Product Promotions.”

This marks my second year of surviving independently. If I were to summarize it in one sentence: A glimmer of light has emerged through the mist, though the path ahead remains hazy.

2025 was a year of diverse experiments, yet I have not quite found a direction that generates a self-sustaining positive feedback loop. However, my investment portfolio—a field I hadn’t focused on for a long time—yielded significant returns. My total asset growth rate for the year was 7.6%, with a portfolio return of 7.8%. It’s fair to say that passive income provided the “glimmer of light” this year, giving me the financial breathing room to explore new directions while my living expenses were covered.

I went to the Hema NB (Super Value) store near my home today. Business was booming; I even had to queue to check out.

In my neighborhood, I have access to Hema, Dingdong Maicai, and Yonghui. Previously, I always ordered Hema Super Value items via the “Taobao Instant Shopping” (Taobao Shangou) interface because of the coupons. However, the delivery was incredibly slow, usually taking over an hour (likely due to a shortage of delivery riders in my area). In contrast, Dingdong Maicai delivers much faster (typically 30 to 60 minutes), but I found that Dingdong’s prices on the Taobao interface are surprisingly higher than on their own app.

Hema NB (Super Value) gives me the impression of a fresh food supermarket that has been stripped of live seafood. It feels like a watered-down version of the classic Hema, cutting out the signature live seafood and in-store cooking services. It seems to be a continuation of the “Hema NB Pickup” model (now that the self-pickup business has been taken offline). It is cheap and offers high cost-performance, though the quality of some items is just average. In terms of quality, I’d rank them: Hema Fresh (Xiansheng) > Dingdong > Hema NB.