Here's an interesting set of data: Since 1945, the share of equity holdings by American households and non-profit organizations has been on the rise. What does this indicate? It indicates that an increasing number of Americans are allocating their household wealth to financial assets, and the stock market has become the top priority in residents' asset allocation.

There is a big trend worth pondering behind this transformation. Traditionally, real estate has been the primary form of wealth accumulation, but what about now? The appeal of financial equity is rising, and the focus of asset allocation is shifting. The question arises—does this transition from real estate to equity, from physical assets to financial assets, indicate a longer-term direction for the future?

If this logic holds, then the implication for us is: understanding and participating in this wave of asset structure adjustment in advance is much smarter than stubbornly sticking to a single asset form. The outline of the equity era is becoming increasingly clear.