---
title: "Summarized by Doubao AI: 2025 Investment Summary and 2026 Investment Outlook"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/37511011.md"
description: "1. Core Investment Summary for 2025 (1) Key Operations and Performance 1. Core Holdings: Focused on Nasdaq-related ETFs (QQQ/QQQM), tech stock ETFs (IYW), and 3x leveraged ETFs (TQQQ/TEXL) throughout the year; added small BTC spot allocation in June, accounting for 5.42% of cost and 3.57% of market value by year-end. 2. Strategy Adjustments in H1 (May-Aug): Concentrated on Nasdaq DCA, retained 60% cash after July deposit for opportunistic DCA; briefly switched Nasdaq ETFs to tech ETFs in Aug but planned to revert due to poor holding experience..."
datetime: "2026-01-02T16:53:43.000Z"
locales:
  - [en](https://longbridge.com/en/topics/37511011.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/37511011.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/37511011.md)
author: "[Future_629](https://longbridge.com/en/profiles/14212273.md)"
---

# Summarized by Doubao AI: 2025 Investment Summary and 2026 Investment Outlook

I. Core Summary of 2025 Investments

(1) Key Operations and Performance

1\. Core Holdings: Focused on Nasdaq-related ETFs (QQQ/QQQM), tech stock ETFs (IYW), and 3x leveraged ETFs (TQQQ/TEXL) throughout the year; added small BTC spot allocation in June, with year-end cost ratio of 5.42% and market value ratio of 3.57%.  
2\. Strategy Adjustments

-   First half (May-August): Focused on Nasdaq DCA, retained 60% cash for opportunistic DCA after July deposit; briefly switched Nasdaq ETF to tech ETF in August but planned to revert due to poor holding experience.
-   September: Cleared leveraged ETFs and went all-in on indices (45% QQQM + 55% IYW) as Nasdaq PE reached 34.83 (high); formulated leveraged ETF rotation strategy post-pullback while selling low-priced TQQQ Put options.
-   October-November: Lost 60%+ after margin-buying MSTU (2x long MSTR ETF) and cut losses, returning to index investing; formulated ladder strategy to add leveraged ETFs in 5%-40% QQQ decline batches, clearing leveraged ETFs when Nasdaq PE exceeds 35.
-   December: Cleared non-Nasdaq indices, planned to shift to HK/domestic Nasdaq 对标 ETFs (e.g., CSOP Nasdaq 03086.HK, iShares Nasdaq 02834.HK); BTC DCA at 5% cost, rebalancing when market value reaches 10%.

3\. Performance: December single-month loss of 1.29%, full-year return of 28.93% (peaked at 34%+ in October), November YTD return of 30.56%; return decline mainly due to year-end market performance and FX fluctuations.

(2) Core Investment Insights

1\. High risk in speculative targets: Niche leveraged ETFs (e.g., MSTU) caused major short-term losses, validating long-term index investing stability—must avoid short-term gambling on non-core targets.  
2\. Leveraged ETF discipline: Leveraged ETFs have decay; using QQQ as reference improves timing. Strictly enforce clearing leveraged ETFs when Nasdaq PE exceeds 35 to avoid missed profit-taking/stop-loss opportunities.  
3\. Capital constraints limit flexibility: Limited Put-selling options with small capital; expand option strategies gradually after scaling up.  
4\. Cross-border non-market factors: Overseas broker allocations require attention to inheritance tax, investor status, etc.; balance overseas vs. HK/domestic allocations.  
5\. Time is core to long-term investing: Nasdaq history shows "10-year returns rely on first 7 years"; index investing effectively counters currency depreciation under inflation.

II. 2026 Investment Outlook

Based on your plan and 2025 experience, set directions for target allocation, strategy execution, and risk control:

(1) Target Allocation: Focus on Nasdaq, Shift to HK/Domestic 对标 ETFs

1\. Core holdings: Fully focus on Nasdaq, prioritize HK (CSOP Nasdaq 03086.HK, iShares Nasdaq 02834.HK) and domestic on-exchange Nasdaq ETFs, reduce overseas broker capital ratio to align with mainland investor status and tax considerations.  
2\. Alternative allocation: BTC DCA at 5% cost, rebalance at 10% market value; consider clearing BTC for full Nasdaq allocation if volatility exceeds expectations.

(2) Strategy Execution: Strict Discipline, Gradual Tool Expansion

1\. Leveraged ETF ops: Strictly implement QQQ decline ladder DCA, buying only at 8 nodes (5%-40% drop post-high), clear leveraged ETFs decisively when Nasdaq PE \>35 to avoid repeated discipline failures.  
2\. Option strategies: After capital scale-up, use Put-selling as main tool, gradually raising strike prices with QQQ trends, opportunistically exercising to add core holdings.  
3\. Long-term investing: Persist in Nasdaq DCA and holding, amplify returns via time compounding, focus more on self-improvement (fitness, reading) to downplay short-term market noise.

(3) Risk Control: Monitor Valuation & Cross-Border Risks

1\. Valuation tracking: Continuously monitor Nasdaq PE changes, adjust leveraged positions promptly upon threshold breaches, rebalance positions.  
2\. Cross-border risks: Track overseas tax/policy changes, dynamically adjust overseas broker capital ratios based on post-graduation status to reduce non-market risks.

$Invesco QQQ Trust(QQQ.US) $Invesco Nasdaq 100 ETF(QQQM.US) $ISHARESND100(02834.HK) $CAM NASDAQ100(03086.HK) $iShares US Tech(IYW.US) $Direxion Tech Bull 3X(TECL.US) $Proshares UltraPro QQQ(TQQQ.US)

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## Comments (2)

- **丁元 · 2026-01-02T17:08:36.000Z**: Is the big coin an ETF you bought?
  - **Future_629** (2026-01-03T01:02:00.000Z): Currently bought on the exchange, may consider buying ETFs in the future