Current situation
⚪︎ Currently in the midst of a development competition.
Major IT companies such as Google, IBM Corp, Microsoft, and various national governments are focusing on development, and intense development competition is taking place around the world.
In Japan, research and development are being carried out centered around the RIKEN institute.
What are the technical challenges?
Stability of quantum bits: Quantum bits are very unstable and susceptible to errors due to slight changes in the external environment.
Integration of quantum bits: To realize practical quantum Computers, it is necessary to integrate a large number of quantum bits, but the technical hurdles are high.
Quantum error correction: The research and development of correction techniques to lower the error rates of quantum Computers is also an important issue.
⚪︎ Movement towards practical use
Currently, only limited calculations can be run, but there are instances in specific fields demonstrating performance exceeding that of traditional Computers.
Applications are expected in fields such as drug discovery, materials development, finance, and AI, and research and development towards practical use is accelerating.
Future.
⚪︎Timing of practical application
Opinions are divided among experts, but 20...

Tariff revenues are utilized as a national financial resource. The specific flow and examples of utilization are as follows.
1. Flow of tax revenue
* Collected at customs:
* Importers pay customs duties to the customs at the time of import.
* Customs deposits the collected duties into the national account.
* National treasury income:
* Collected customs duties are treated as national revenue.
* This is similar to other taxes such as income tax and corporate tax.
* National budget:
* National treasury revenue is incorporated into the national budget and used to fund various policies and public services.
2. Examples of how tax revenue is utilized.
* Social Security:
* It will be allocated to social security expenses such as pensions, medical care, and nursing care.
* Public Works:
* It will be used for infrastructure development such as roads, bridges, and airports.
* Mainland Education and Science Technology:
* This will be used for expenses related to school education, research and development, etc.
* Defense:
* This will be used for expenses related to national defense.
* QITABANKUAI:
* It is utilized in various fields such as culture, arts, Eco-friendly Concept, and disaster prevention, ETC.
Significance of the tax revenue from tariffs.
* Tariffs are one of the important sources of national revenue and are used to fund various national policies and public services.
* Additionally, domestic industry protection or market preservation...

Everyone knows this, but...
Tariffs by Trump are wreaking havoc in the market.
However, it is believed that what President Trump has said is not wrong.
There may be an issue with how it is expressed, but I don't think it's wrong.
In the early days of the second administration, Trump is responding flexibly. (It's not wavering, I think it's flexible.) → I think so, and the Market Overview is reacting excessively. → It's a case of 【Changing Orders in the Morning and Evening】 to see how things develop.
Those who cannot understand 【Changing Orders in the Morning and Evening】 are being manipulated, including investors.
It seems that there is a generation called the 〇〇 generation...
I can only think of it as a phenomenon of the XX generation that seems to understand the Market Overview.
The XX generation is focusing on the wrong aspects.
Which companies will survive in each Sector?
All my stock selection focuses solely on whether the companies are those that will survive.
Tariffs have a direct and indirect impact on market prices. The effect varies depending on the condition of the products, tariff rates, and market conditions.
Direct effects:
* Increase in import prices:
When tariffs are imposed, the corresponding tax is added to the price of imported goods...

This is a tweet regarding Hold Positions & observation stocks in Japan and the USA.
In both Japan and the USA, more than half of the stock prices since the beginning of the year are in the negative.
Especially concerning the USA, there are many stocks that had risen by double digits since last November but have suddenly fallen into the negative.
There is no pessimism.
There were financial estimates that it would likely turn out this way.
There may have been a festival and a storm.
I understand that a mini-bubble (Trump's re-election bubble?) collapsed due to the presidential orders and statements made after Trump's inauguration.
It has been reset. (It's not a recession.)
During this period, there may be those who have made significant profits and those who have suffered large losses. Considering this, it is just the beginning.
If you imitate others in investing, the performance will be similar, whether it results in profits or losses.
Isn't this a good opportunity to establish your own investment style?
One wants to follow one's own path without being influenced by others, without being critical.
For that, improving skills, including unique experiences, is also important.
There are many light remarks using securities industry terminology, but it's essential to build up gradually without becoming overly intellectual.

Without a clear direction, investors are being tossed around. Even experienced investors moving large sums of money are struggling.
At this point, it seems that amateurs will just become exhausted from taking actions without a firm decision.
Even if a firm decision is made, if luck is on your side, the outcome can be okay. Otherwise, it could result in a catastrophic loss.
As for myself, I have decided to leave only the individual stocks in my current Shareholding (within the managed Assets) untouched. → About 20% of the managed Assets.
There are no US Treasuries.
I am also leaving my ETF investments untouched without making additional purchases or sales → About 30%.
The rest has been converted to cash, keeping about 50% for what is to come.
That said, considering various factors, it can be said that it seems unlikely that the market will stabilize and trend upwards anytime soon.
The situation is not progressing as planned by the USA administration, including Mr. Trump and Mr. Mask.
Moreover, regarding meetings of cryptocurrency projects, I would like to express the utmost question mark.