How can investing 10 million yuan ensure an annualized return of 10%? (My investment logic) Foreign buyers of the three major tobacco companies in the US stock market (Altria/Philip Morris International/British American Tobacco). The dividend yield is between 3% and 7%, with a long-term annualized return of over 14%. Ochia ranks first in the US stock market in terms of dividends over the past century. Dividends alone can meet the requirements of the questioner. Buy Mobile A domestically, with an ROE of around 10%, and the long-term return is equal to ROE, meeting the requirements of the questioner. China Mobile has the strongest pricing power in all A-shares. The four major banks/three major Baijiu companies are all his brothers, and they are the real A-share stock kings. Buy gold. The US treasury bond is 36 trillion yuan, and China's local debt is 100 trillion yuan. Buying gold is equivalent to betting on inflation and devaluation of the French currency. Gold has outperformed the S&P in terms of returns since 2000. Furthermore, the true impact of tariffs on the US economy has not yet arrived. As a competitor to the US dollar asset, if you don't buy US stocks, you should firmly hold a heavy position in gold. The combination of bearish sentiment towards US bonds and bearish sentiment towards US stocks supports the gold price. Buy Bitcoin (BTC). Since its inception in 2009, its long-term annualized return rate has far exceeded that of traditional assets. Even after experiencing multiple rounds of severe fluctuations, it has maintained a cumulative return of tens or even hundreds of times in recent years, far higher than the return level of conventional investment products. The constant total quantity of Bitcoin (21 million coins) gives it a natural anti inflation property, making it an important target for hedging against the risk of fiat currency over issuance and depreciation, similar to gold. As a decentralized digital asset, it is not directly affected by the debt and deficit issues of a single country or economy, and has become an alternative hedging choice for some investors when bearish on traditional financial markets. Its positioning as "digital gold" also gives it strong yield elasticity in the context of loose global liquidity or increased geopolitical risks. Oppose any bond products. The world's three major economies (the United States, China, and Japan) have high debt and high deficits, and playing with bonds is a high-level buying behavior. Oppose fixed deposits (banks), fixed deposits can never beat inflation. Betting on the depreciation of fiat currency is the correct operation.