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When you ask "How should I invest?", 99% of the answers point in the same direction—building a portfolio. But what does that really mean? Why not put all your money into a single stock or asset?
The Core Logic of a Portfolio
A portfolio is a strategy of holding multiple financial assets in certain proportions simultaneously. Stocks, funds, bonds, cryptocurrencies, bank deposits... These different types of assets are combined with the goal of pursuing returns while keeping risk within an acceptable range.
Imagine your plate—if it only has one type of dish, the nutrition will definitely be unbalanced. The same applies to investing—putting all your funds into one asset means that if it hits a bad patch, you'll lose everything. Diversifying across different assets allows other gains to offset losses even if one sector performs poorly.
This is the essence of a portfolio: using diversification to balance risk and opportunity.
Three Factors That Determine Your Investment

What exactly is a dividend?
When a publicly listed company is performing well and has profits on its books, management typically distributes a portion of the profits to shareholders as a return. This is what we commonly refer to as dividends (dividend payout).
Dividends are one of the core ways shareholders profit. Different shareholders receive different dividend amounts depending on their shareholding proportion, usually distributed according to the number of shares held or as stipulated in the company's articles of incorporation.
But here’s an important question: what does the company use to pay dividends? Is it direct cash, or issuing new shares?
Comparison of two dividend methods: cash dividends vs stock dividends
Cash dividends (dividends, payout)
The company directly transfers cash to shareholders' accounts. If you hold 1000 shares and the company announces a cash dividend of 1 yuan per share, you will receive 1000 yuan (after tax).
Advantages from the investor's perspective:
- Cash in hand, free to use
- Does not dilute existing shareholding proportion
- Immediate benefits

Many investors tend to focus only on daily K-line charts when making buy and sell decisions, but they overlook that monthly and quarterly lines are the true drivers of long-term trends. By combining fundamental analysis and technical indicators, we can more accurately grasp the timing of entry and exit points. This article will guide you to understand different cycle indicators such as monthly and quarterly lines, and how to interpret genuine market signals from them.
Understanding Moving Averages from a Practical Perspective: Different Cycle Market Psychology
When we talk about monthly and quarterly lines, we are essentially observing the distribution of buying and selling costs within different time scales. Simply put, these indicators reflect the average purchase price of investors over a past period.
Taking the data of a certain stock over the past several trading days as an example:
| Date | Closing Price | 5-Day Moving Average |
|-------|--------------|---------------------|
| 3/26 | 925.61 | 92

The NT dollar against the Japanese yen has reached 4.85, and the topic of exchanging for yen has heated up again. Instead of blindly queuing at banks, it's better to understand the cost differences among the four major currency exchange channels—just choosing the right method can save you a nice meal.
The "business opportunity" behind exchanging for yen
Many people think that currency exchange is just a passive choice when traveling abroad, but the Japanese yen has long surpassed its role as a travel currency.
In daily life, Japan remains a cash society, with continued demand for purchasing cosmetics, clothing, and anime merchandise. Many Taiwanese regularly pay in yen. When traveling abroad, merchants in Tokyo, Osaka, and Hokkaido still primarily accept cash.
From an investment perspective, the yen is one of the world's three major safe-haven currencies (alongside the US dollar and Swiss franc). Japan's stable economy and low debt characteristics attract funds to flow into yen during market turbulence. During the Russia-Ukraine conflict in 2022, the yen appreciated 8% in a single week, successfully buffering stock market declines. For Taiwanese investors, holding yen is not just for entertainment but also a hedge against Taiwan stock market risks.

As global financial markets experience volatility, gold prices rise and fluctuate. The essay explores the driving forces behind gold's gains, including trade policies, interest rate expectations, and central bank purchases, while providing investment strategies for both novice and experienced investors.

At the moment of market close, should you really put down your phone? Traders around the world already have a new answer. When the regular trading session of the US stock market ends at 4:00 PM Eastern Time, the real battle is just beginning. US stock night trading, electronic futures trading—these trading methods that break traditional time limits have opened a 24-hour earning door for global investors.
Starting from understanding electronic trading: the essence of night trading
Electronic trading refers to an innovative mechanism that breaks through regular trading hours and extends trading opportunities. Traditional US stock trading is limited to 9:30 AM to 4:00 PM Eastern Time, lasting 8.5 hours. But in the era of electronic trading, investors can find trading opportunities before, during, and after market hours.
Taking US stock after-hours trading as an example, participants are mostly major institutional investors and well-informed insiders. They use the latest news from during or after trading hours to strategically position themselves for the next day’s market trend. These trading products include stocks listed on NASDAQ and the New York Stock Exchange.

The essence of dividends: Why do companies reward shareholders?
When a publicly listed company successfully turns a profit, pays off debts, and covers past losses, the remaining profits are often distributed to investors. This process is called dividend payout or distribution, and it is one of the main ways shareholders receive investment returns. Different shareholders may receive different dividend amounts based on their shareholding ratio or company bylaws.
However, dividends are not limited to just one form. Companies can choose to distribute cash directly or issue new shares to shareholders. Both methods have their advantages and disadvantages, and investors need to understand their mechanisms to better evaluate investment returns.
The core difference between the two dividend methods
Cash dividends: Immediate returns
Cash dividends refer to the company transferring profits directly into shareholders' cash accounts in the form of cash, also known as dividend payout or dividend distribution. This method requires the company to have sufficient cash reserves and does not change the total share capital, so there is no dilution of shareholders' equity.

In December 2025, the Taiwanese dollar to Japanese yen exchange rate has surged to 4.85, marking an active period for currency exchange. But do you know? Choosing the wrong exchange method can cost you an extra drink at a bubble tea shop just in the form of exchange rate differences. We tested the four most common Japanese yen exchange channels in Taiwan and compiled a cost comparison to help you understand how to exchange most cost-effectively.
Why Exchange Yen Now? Three Main Reasons
Travel and Living Needs
Japan remains the favorite destination for Taiwanese travelers. Shopping in Tokyo, skiing in Hokkaido, vacationing in Okinawa—many stores in Japan still primarily use cash (credit card penetration is only 60%), and purchasing on behalf of others or online shopping in Japan often requires direct yen payments. Those preparing for studying abroad or working holidays also exchange currency in advance to avoid sudden fluctuations.
Hedging Asset Allocation
The Japanese yen is one of the three major safe-haven currencies globally (alongside the US dollar and Swiss franc). During the Russia-Ukraine conflict in 2022, the yen appreciated by 8% in one week, successfully buffering stock market declines. For Taiwanese investors

The NT dollar to Japanese Yen has fallen to 4.85, attracting travelers and asset hedgers. The article analyzes four methods of exchanging Japanese Yen, with in-person cash being the most expensive, while online remittance and foreign currency accounts are more cost-effective. It is recommended to exchange in batches and transfer the Yen into fixed deposits or investments to reduce costs and increase returns.

As the world's primary settlement currency, the US dollar's exchange rate fluctuations influence every investor's nerves. Since the start of the rate-cut cycle in September 2024, discussions about the rise and fall of the US dollar have never ceased. A rate cut signifies a decrease in the cost of capital, which theoretically would weaken the dollar, but the actual situation is far more complex than it appears.
According to the latest dot plot forecast from the Federal Reserve, the goal is to reduce the US dollar interest rate to around 3% by 2026. But the question remains: will the US dollar still appreciate or depreciate? This is not a simple linear logic of "rate cuts necessarily leading to weakness," but requires a comprehensive assessment of multiple factors.
What exactly is the US dollar exchange rate measuring?
The US dollar exchange rate essentially reflects the exchange ratio between the US dollar and other currencies. For example, EUR/USD=1.04 indicates that 1 US dollar can be exchanged for approximately 1.04 euros. When EUR/USD rises, it indicates that the euro is appreciating and the dollar is depreciating; vice versa.
It is worth noting that the US dollar index

What is leverage? Why do investors want to use it?
Leverage trading involves investing with borrowed funds, with the core goal of "small investment for big gains." Imagine you have 100,000 yuan, but through leverage mechanisms, you can control assets worth 1 million yuan or even more. When the market rises, this is a golden tool to amplify returns; but once it reverses, losses can also be magnified.
Simply put, leverage is the "borrowing leverage" in the financial markets. You put up a small amount of capital as margin, and a broker or trading platform lends you the remaining funds, allowing you to conduct larger-scale trades. For example, if you have 100,000 yuan of your own funds, using 10x leverage, you can control a trading volume of 1 million yuan.
This concept is not new. Robert Kiyosaki, the author of "Rich Dad," has emphasized that moderate use of leverage is an effective way to increase returns. His view is that rather than holding cash, it’s better to make good use of borrowed funds to create cash flow.

When a trading account experiences losses and the margin continues to decline, one of your biggest concerns is being forcibly liquidated. Under what circumstances does a broker's forced liquidation mechanism get triggered? And how can you prevent it in advance? These questions are directly related to the safety of your trading funds.
The Logic Behind Forced Liquidation
Forced liquidation (stop-loss level) refers to the automatic closing or clearing of a trader's open positions when the trader's margin level drops to a certain percentage set by the broker. In simple terms, this is a "circuit breaker" set by exchanges and brokers to protect themselves from risk.
Different forex brokers have varying rules regarding stop-loss levels. Usually, when the account equity cannot support open positions, the broker will prioritize closing the most unfavorable positions to preserve profitable ones. However, if all positions are in a loss, the broker will liquidate all of them.
How Margin Level is Calculated

ZEC recently experienced a quite dramatic rally. The price broke through the $460 level, trading volume significantly increased, and technical indicators also turned bullish. Many investors began to envision higher target prices, igniting market sentiment. But is this rally really that simple behind the scenes?
Technical indicators have sounded the overheating alarm
From the candlestick chart, ZEC is currently around $507, with a notable increase. The RSI indicator has surged above 84, and the upper band of the Bollinger Bands has been broken—these are typical overbought signals. In other words, market enthusiasm has reached an extreme level.
Historical experience tells us that when technical indicators reach this level, it usually means the short-term rally is nearing its end. The more chasing buyers flood in, the closer we are to the top. Additionally, the 24-hour trading volume reached $4.79 million, and this surge in volume precisely reflects concentrated market sentiment rather than rational capital deployment.
The hidden aspects in the market

The crypto industry faces a fundamental challenge: how to bridge the gap between decentralized networks and traditional finance. Enter ISO 20022, a global standard that could be the missing link. But what exactly is it, and why should you care?
Understanding ISO 20022: The Financial Industry's

The robotics industry has become a new hotspot for global technology investments. With breakthroughs in AI technology and widespread applications of artificial intelligence, concept stocks related to robots are迎來 unprecedented development opportunities. But in the face of a dazzling array of automation concept stocks, how should investors筛选 out truly valuable targets?
Why are robotics concept stocks worth关注?
The so-called robotics concept stocks refer to listed companies engaged in robotics hardware研发, production, system integration, and应用. The application fields of this industry far exceed imagination——from traditional industrial manufacturing to medical surgery, logistics and warehousing, national defense, and aerospace, the penetration of robotic technology is accelerating.
According to TrendForce's forecast, by 2027, the global humanoid robot market value is expected to surpass $2 billion, with a compound annual growth rate of 154% from 2024 to 2027. This means that companies across the entire robotics产业链 are facing巨大的成长空间.

Share reduction is a common financial maneuver in corporate operations, but many retail investors still know little about its true meaning and market impact. This seemingly obscure financial concept actually directly relates to your investment returns.
From a company's perspective: what exactly is share reduction doing?
Share reduction refers to a company's act of repurchasing some of its shares from the market or canceling issued but unlisted shares, thereby reducing the total share capital. It is essentially a proactive adjustment of the company's capital structure.
Why do companies do this? There are three main drivers:
First is financial structure optimization. By reducing the number of circulating shares, the company's earnings per share (EPS) automatically increase. This isn't because the company's performance has truly improved, but because the same or more profits are distributed over fewer shares. This tactic is especially effective in attracting institutional investors.
Second is to address losses. When a company is in a loss-making situation, share reduction can help absorb losses and prevent excessive dilution of share capital.

Why should you pay attention to military concept stocks now?
Global geopolitical tensions are intensifying, and military spending has become a key item in national budgets. Whether it's the Ukraine-Russia conflict or the Middle East situation, they all reflect a phenomenon: modern warfare relies more on high technology than manpower. Investments in new weapon systems such as drones, precision missiles, and information warfare directly boost national defense budgets.
Major economies like China, Taiwan, and the United States have increased their defense budgets over the past two years, which is a long-term growth dividend for the military industry. If a weapon can effectively reduce war casualties, procurement orders from various countries will quickly follow. The stability of this demand is precisely what attracts investors.
What is the essence of military concept stocks?
The so-called military concept stocks refer to listed companies involved in defense-related businesses. Broadly speaking, as long as they supply products or services directly or indirectly to the military, they can be classified as military concept stocks. From large