The biggest mistake you’ve made in your life is not buying U.S. stocks.

Although it sounds like something from a marketing account, this is the truth.
Over the past 20 years, the S&P 500’s annualized return has been about 10%. You might think 10% isn’t much, but do you know what 10% compounded over 20 years amounts to?
One lump sum becomes 6.7 times. If it’s the Nasdaq—15% annualized—then over 20 years it becomes 16 times.
Think back to what you were doing 20 years ago. In 2006, most people were saving in banks, buying homes, and trading A-shares.
If you had put 100,000 yuan into a Nasdaq index fund that year, today it would be 1.6 million. You don’t have to do anything—just leave it there.
So over the past 20 years, what has been the total return of the Shanghai Composite Index on A-shares? From 2006 until now, after going through 6124 bouts of a frenzy bull market and countless “this time is different,” the final annualized return has been under 3%—it can’t beat inflation.