Yesterday my wife said she saw on Alipay that 2.3 funds had a holding period of over 800 days. Less than 3 years.
I went to check TianTian Fund. The longest is 2450 days.
Good Buy Fund has the longest at 2580 days.
On Alipay funds, clicking into a single one will prompt the holding days. Some won’t. I clicked on 2, one was 2480 days, and one didn’t display, sorted by expiration time.
Previously, my memory was that I started building positions in 2019, and I rarely looked at the data.
Only when my father-in-law and others discussed making money did I check how much was earned. My father-in-law trades stocks, watching the market every day, has read quite a few professional books, and has bought investment software, not the mainstream data software like Tongda Xin, Dongfang Caifu, or Tonghuashun (actually, he has bought memberships). It’s the kind that sells software in classes. When the market is good, it’s indeed easy to make money. He spent ten thousand on software, felt the effect was good, then the market adjusted, dropped and then rose again. In class, they said the data wasn’t as accurate anymore, their research and development needed to improve data accuracy, requiring an upgrade. Then they presented their predicted data, multiple stock K-line charts, combined with moving averages, MACD golden crosses, trading volume, etc., claiming it was all predicted by the software. Then in the group, there were probably other investors sharing their experiences, saying how much they earned using the ten thousand software, how much they earned after upgrading to the 38,000 software. This part is what I know my father-in-law spent money on software and made up himself; I think it’s probably not far off. Those who have bought can also provide feedback.
When my father-in-law made money, he indeed made money, recently hitting a stock that was over ten times, but only sold one lot, then it dropped back to a five times stock. Still not bad.
Dongfang Caifu also made money, bought and then dropped. Then made money again.
My father-in-law is an old stock investor. But I feel like he’s similar to Buffett now. Making money probably won’t start until later years; those earlier years probably had low returns, making a lot, losing a lot. Big ups and downs. Basically fully invested.
I hear some data during video chats; I generally don’t look at anything, forget after learning, and for some terms, I still have to check what they mean.
I mentioned before that I bought over 80 funds. None outperformed the CSI 300.
So I don’t want to rebuild positions. Maybe I haven’t calculated whether rebuilding positions or continuing to hold would yield higher returns.
This needs research and calculation. If I sell everything, how to invest again, will the return probability be similar to before?
Selling at relatively high positions, then waiting to buy at low positions? It feels bad to wait. Being in cash and missing out is even scarier.
Should I still sell those with high profits? Those with low profits aren’t profitable themselves; is it necessary to wait?
Isn’t not doing anything also a strategy?
Keep learning.