Before August, the private fund manager "Gold Chain" apologized: overly pursuing grand narratives while ignoring short-term gains and risk-reward ratios, heavily invested in innovative drugs at high levels without cashing out, heavily invested in the hardware leader (Xiaomi) suffering a 40% drop, and heavily invested in the US stock stablecoin (CRCL) ignoring the crypto bull-to-bear transition, causing the fund's net asset value to drop by nearly 20%, resulting in losses for investors.

Now, Shiva Asset's semi-annual return is +50%. Private fund veteran Liang Hong shares: Growth is the eternal theme of investment. Only when there are no opportunities in growth sectors does one consider dividend investing for hedging. The storage sector performed excellently in the first half of the year. Currently, it is believed that the main phase of the storage sector's rally has passed, but there is firm optimism about AI. Positions are concentrated in advanced processes + wafer foundry + advanced packaging and testing + some traditional hardware companies showing new growth (old trees sprouting new buds) + 2 Hong Kong-listed internet companies.

Indeed, high-growth sectors can bring high returns but also come with high volatility. Gains and losses share the same origin. Choose the investment direction that suits you.