--- title: "January 2026 Investment Review" description: "Explain the purpose of this account: to share some thoughts, insights, lessons learned from pitfalls, and changes in investment philosophy from my investment career. It also serves to record valuable " type: "topic" locale: "en" url: "https://longbridge.com/en/topics/38591383.md" published_at: "2026-02-08T14:47:11.000Z" author: "[长坡行者](https://longbridge.com/en/profiles/14120321)" --- # January 2026 Investment Review Purpose of this account: To share some thoughts, insights, lessons learned from pitfalls, and evolving philosophies from my investment career, while also recording valuable trading history for future review. Long-term value investing is the main theme, aiming for a sustainable annualized return target of 15%. Usually zero screen-watching, 100% of trades executed via conditional orders. My investment experience is roughly 3 years, and I consider myself still in the elementary stage. Live trading results are average; the only thing worth mentioning is that all 6 of my current accounts (each for A-shares, Hong Kong stocks, and US stocks has one stock account and one ETF account) are in the green. However, due to conservative positioning, several accounts have underperformed their benchmarks (CSI 300, Hang Seng Index, S&P 500). Finally, I also hope to connect with like-minded friends through communication. All shares are personal opinions and do not constitute any investment advice. Next, I will review from two parts: ETFs and individual stocks. **ETF Section:** According to the Valuation Temperature-Position Management strategy, since the valuation temperatures for A-shares and Hong Kong stocks did not meet the conditions for the next operation, there were no transactions for A-share ETFs and Hong Kong stock ETFs throughout January. The US stock valuation temperature rose to 86 degrees on 2026.1.12, leading to a reduction in position to 14% (1-86%). Specific profit and loss details are as follows: Some explanations: 1\. The return rate is simply weighted based on invested capital, not time-weighted. 2\. End-of-month actual position = Total market value of ETFs held in the live account / Total assets in the live account, where Total assets in the live account = Total market value of held ETFs + Available funds. 3\. Why is the end-of-month actual position different from the valuation temperature position? They should theoretically be the same. However, considering that funds should not be idle, unused position funds are withdrawn for use in other stock accounts. **Next is the individual stock review:** **【A-Share Individual Stocks】** **【A-Share Buys: None】** **【A-Share Increase 1: China Yangtze Power】** Increased on 1.23, price 26.1, current average cost 27.571, position 3.8% **【A-Share Increase 2: Seres】** Increased on 1.23, price 114.95, current average cost 128.391, position 9.4% **【A-Share Increase 3: Contemporary Amperex Technology Co. Limited (CATL)】** Increased on 1.12, price 360, current average cost 339.902, position 11.6% **【A-Share Liquidations: None】** **【A-Share Reductions: None】** **【Hong Kong Stock Individual Stocks】** **【Hong Kong Stock Buys: None】** **【Hong Kong Stock Increase 1: Anta Sports】** Increased on 1.26, price 75.7, current average cost 81.394, position 6.8% **【Hong Kong Stock Liquidations: None】** **【Hong Kong Stock Reductions: None】** **【US Stock Individual Stocks】** **【US Stock Buy 1: Microsoft】** Bought on 2026.1.29, cost 424.49, current position 0% (liquidated in early February) **【US Stock Increase 1: Apple】** Increased on 2026.1.22, price 249.02, average cost after increase 236.71, current position 5% **【US Stock Liquidation 1: META】** Liquidated on 2025.12.19, price 680, cost 675.3. Reason for liquidation: Political stance issues. Not valuation-related. Mark Zuckerberg's attitude towards China has shown complexity. Early on, in order to enter the Chinese market, he not only visited China multiple times to show goodwill but was also willing to "unconditionally accept various government requirements," even developing a complete website censorship system in 2015. He himself also learned Chinese and was able to give a speech in Chinese at Tsinghua University. However, after failing to enter the Chinese market as desired, he changed his stance, repeatedly criticizing China in public as "the enemy of a free internet." In recent years, Zuckerberg has expressed vigilance towards China's AI development, and his company Meta has also funded activities criticizing China, planning to "work with the Trump administration to ensure global AI standards are led by American values, not the Chinese model." In a 2024 interview, Zuckerberg also admitted that the idea of the US leading China by several years in the AI field is unrealistic, and a more reasonable goal is to "lead China by 6-8 months in the long term." **【US Stock Liquidation 2: Coinbase】** Liquidated on 2026.1.12, price 240, average cost 273.69, loss 12.31% Reason for liquidation: To avoid potential impacts on Coinbase from upcoming crypto regulatory legislation reviews. **【US Stock Reductions: None】** $CYPC(600900.SH)  $SERES(601127.SH)  $CATL(300750.SZ)  $Apple(AAPL.US)  $ANTA SPORTS(02020.HK) ### Related Stocks - [COIN.US - Coinbase](https://longbridge.com/en/quote/COIN.US.md) - [03750.HK - CATL](https://longbridge.com/en/quote/03750.HK.md) - [300750.CN - CATL](https://longbridge.com/en/quote/300750.CN.md) - [MSFT.US - Microsoft](https://longbridge.com/en/quote/MSFT.US.md) - [AAPL.US - Apple](https://longbridge.com/en/quote/AAPL.US.md) - [CONL.US - GraniteShares 2x Long COIN Daily ETF](https://longbridge.com/en/quote/CONL.US.md) - [07311.HK - XI2CSOPCOIN](https://longbridge.com/en/quote/07311.HK.md) - [MSFL.US - GraniteShares 2x Long MSFT Daily ETF](https://longbridge.com/en/quote/MSFL.US.md) - [MSFO.US - YieldMax MSFT Option Income Strategy ETF](https://longbridge.com/en/quote/MSFO.US.md) - [MSFD.US - Direxion Daily MSFT Bear 1x Shares](https://longbridge.com/en/quote/MSFD.US.md) --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.