2026 Investment Practice Journal - Starting Anew

PortfolioAlert · 2026-02-13T23:33:16+00:00

The article expresses investors' reflections on their investment experiences and plans, hoping to improve their investment skills in the new year by recording their ideas and data. It emphasizes the importance of buying companies and mentions a focus on convertible bonds, believing they are beneficial for small investors. The holdings include stocks such as Tencent and Moutai.

PortfolioAlert

2026-02-13 23:33:16

Abstract generation in progress

Over 30 years old, entered the market in 2020, and haven’t made much money so far.
Investing is really difficult, I still have a long way to go. I haven’t been recording my thoughts and ideas consistently, which has led to a lack of a systematic approach.

I plan to organize more data and, in the new year, record what I think and do. I also want to try quantifying my feelings and intuition into data, and record backtests as much as possible. Develop my own investment techniques.

Investment ideas:
Buying stocks is buying companies; buying companies is buying the discounted future cash flows. Tied to the risk-free rate, never buy expensive.

Copying others’ work,
Moutai, Tencent, China Merchants Bank.

Recently realized:
Convertible bonds are the best friends of small investors; they have a floor, no cap on the upside, and include provisions for downward adjustments, naturally friendly to small investors. Of course, current convertible bonds are a bit expensive, but I will participate in them later. Still learning.

Holdings (as of February 12):
Name Market Type Latest Price (Original Currency) Change Amount Change Percentage (%)
Tencent Holdings Hong Kong 535.5 -12.5 -2.28
Kweichow Moutai A-shares 1486.6 -17.73 -1.18
Wuliangye A-shares 104.62 -1.42 -1.34
China Merchants Bank A-shares 38.99 -0.41 -1.04
Ping An of China A-shares 66.54 -0.96 -1.42
Yanghe Brewery A-shares 54.34 -0.69 -1.25
CICC A-shares 34.81 -0.37 -1.05
Ningbo Bank A-shares 31.37 -0.58 -1.82
Hang Seng Tech Index ETF ETF 0.708 -0.009 -1.26
GF Healthcare ETF ETF 0.665 -0.002 -0.3
Hang Seng ETF ETF 1.61 -0.019 -1.17
E Fund Jiangsu Changjiang Electric ETF 26.12 -0.15 -0.57
China Merchants Double Bond LOF ETF 1.622 0.003 0.19
CNOOC Hong Kong 25.12 0.32 1.29

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.