It's quite interesting to talk about. Last weekend, I ran into an old neighbor, and during our chat, she suddenly started boasting about her "investment insight." The elderly lady said that back in 2000, she bought a gold chain for 310 yuan per gram, and people around her laughed at her for wasting money. Now, gold has risen to around 1000 yuan per gram, right? If she had deposited that money in a bank with a fixed term, where would the returns be?

Her generation really has its own logic when it comes to financial management—cash is definitely deposited in big banks, and they won't even touch financial products; then there's gold accumulation, claiming it can be passed on to the children, and if it doesn't work out, it can be worn for show. I half-jokingly told her not to buy those thick gold chains or bracelets in the future, as the news often reports on fakes; if she wants to buy, she should get thin gold jewelry or simply buy the panda gold coins issued by the state.

What's even more remarkable is that this old lady has thoroughly embraced the "not understanding, not doing" principle over the years—she avoids stocks and funds altogether, hasn’t been tempted by the booming city investment bonds from a few years back, and has never participated in P2P at all. She just keeps her money in bank deposits and gold, earning only what she can understand. Once, when I was discussing the stock market at her house, she became immediately wary, probably fearing I was going to "fool her into investing money". Later, I learned my lesson; if she doesn't ask me first, I don't bring up market matters.

Today I suddenly remembered this matter again, and it actually resembles my own investment habits quite a bit - why do I not explore overseas markets and futures trading, these so-called diversified allocations? To put it bluntly, the reasoning is the same as that old lady.