I’ve actually thought about this question. 2.1 million RMB is roughly 300,000 USD, split into three parts. 10,000 USD goes into the S&P 500. Hold onto it until after two U.S. elections, then reassess. 10,000 USD goes into 20-year U.S. Treasury bonds, which currently yield nearly 5% annually—about 5,000 USD per year. The use of this 5,000 USD depends on whether there’s still a mortgage on the house. If there is, the 5,000 USD can go toward paying it off. The remaining 10,000 USD has a few different options: If you need cash flow: 1. Buy 1-year U.S. Treasury bonds, currently yielding 3.8%. 2. If you’re worried about declining Treasury yields, you can buy dividend-paying stock ETFs, which average around 3.5%. If you don’t urgently need cash flow: 1. Continue investing in the S&P 500. This is the simplest and least error-prone approach. If you already agree with the logic of putting the first 10,000 USD into the S&P 500, then putting the last 10,000 USD there as well is essentially doubling down on the U.S.’s core asset pricing power. 2. If you’re okay with higher volatility, you can invest in the Nasdaq 100. This portion isn’t for dividends or stable cash flow—it’s purely to capture the valuation elasticity of U.S. tech stocks, AI, and high-growth companies. The potential returns might be higher, but the volatility will definitely be greater than the S&P. 3. Buy a gold ETF. Gold doesn’t generate cash flow or interest, but it can act as a hedge against USD assets. Lastly, the Honda Accord isn’t a fully electric car, and driving for Didi is costly—especially since average gas prices in China are still relatively high. So, sell it and switch to a B-class electric car of the same level. Just treat driving for Didi as a daily job and forget about the fact that you have 300,000 USD.