Notes on Learning US Stocks for Beginners 95

Only by staying at the table do you have a chance to win in the end.

Seeing group members flaunt their returns, the highest this year is almost four times. It's impossible to say I'm not envious. Just like five years ago, friends around me flipping properties, making tens to hundreds of thousands in one go, while I entered the market with leverage and faced huge losses. Fortunately, I cut my losses decisively. Although the losses made it hard to sleep at night, at least I managed to get out unscathed.

In life, as long as you catch one or two big breaks, you have a chance to achieve class mobility. You don't need to join every hype. I also strongly agree with a sentence I saw today: class is not just about money, but also mindset. Money earned by luck will eventually be lost through lack of skill.

Therefore, what's more important is to continuously improve your own understanding through learning and practice, and build a thinking system and investment framework that suits you. Don't try to become rich overnight. The most important thing is to control drawdowns, to ensure you don't lose money first. Expand safely and conveniently, master the ability to spot trends and find opportunities, and get rich slowly before the opportunity arrives; when the opportunity comes, have the capital and courage.

I am constantly improving my own investment framework.

My Longbridge account can no longer make purchases, so I won't sell easily either. Look at trends long-term, aim for low or negative cost basis, and adjust according to compliance requirements. I won't add more funds overseas either. At the same time, I will manage my domestic investments well. Domestic funds are divided into three parts: one part is in Alipay, gradually adjusted to 60% US stock-related, with a future target of 70% US stocks + 5% gold conversion + 5% other overseas (e.g., Japan, etc.) + 10% bond funds + 10% money market funds. (This is mainly to balance the issue of high premiums in the market making it hard to invest.) One part is with a brokerage, gradually adjusted to 20% dividends + 10% healthcare + 25% ChiNext + 25% STAR Market chips + 10% gold + 10% non-ferrous metals. One part is in bank money market funds (target return 2%, currently feels a bit difficult... this part is mainly for living expenses reserve).

Currently, I'm slowly exploring and gradually finding what suits me. The main principle is no leverage and no short selling. Funds within each sector are gradually reallocated based on my own understanding, but funds are absolutely not transferred across sectors. The bank money market fund portion is the safety net, only buying low-risk or at most medium-low-risk products. Furthermore, if other sectors profit, I will gradually increase the funds in this sector. When I've earned enough from this portion to live off the interest, that's when I might stop working.

Been a bit tired lately, said I'd sleep early but ended up late again...

Good night, friends, let's encourage each other.