Did your account increase? Don't get too excited just yet.

After reading that investment master's 2025 year-end summary, I realized a harsh reality: many people, while watching their digital gains, fail to notice that their wealth is evaporating invisibly.

His core logic is simple but impactful: the US dollar is depreciating.

When the dollar depreciates, the gains in dollar-denominated assets are actually "artificially inflated." Your US stock account shows a 20% profit, but if the dollar itself has depreciated by 8%, your actual purchasing power has only increased by 12%—and it could even be negative. That’s why he emphasizes that investors must learn to hedge against currency risk.

What exactly can be done?

First, don’t put all your chips into dollar assets. Shift towards non-US assets, gold, and other assets that can resist currency depreciation. This is not an aggressive move but a fundamental risk management strategy.

Second, beware of the low-return trap in US stocks. Everyone is used to the prosperity of the past decade, but now we need to adapt to a more moderate growth expectation.

Third, pay attention to domestic political polarization in the US. This uncertainty can directly impact market sentiment and policy directions, thereby affecting global asset performance.

In simple terms: if your investment portfolio lacks hedging tools and non-US asset allocations, this time you might really learn a lesson from reality. A handsome account increase doesn’t mean you’ve truly made money.