Yesterday, my wife said she saw that 2.3 funds on Alipay had a holding period of over 800 days. Less than 3 years.
I went to check Tian Tian Fund. The longest is 2450 days.
Good Buy Fund's longest is 2580 days.
On Alipay Fund, when you click in, some 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; I rarely looked at the data.
Only when my father-in-law and others discussed making money did I check how much I earned. My father-in-law trades stocks, watches 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 also bought memberships). It's the kind that sells software during classes. When the market is good, it is indeed easy to make money. He spent ten thousand on software, felt the effect was good, then the market adjusted, fell and then rose again. In class, they said the data wasn't as accurate anymore; their research and development needed to improve data accuracy and required version upgrades. 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; 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, he got into a stock that was over ten times, but he 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. However, I feel it's similar to Buffett. Making money probably starts in later years; the previous years probably had low returns, with a lot of gains and losses. 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. I haven't outperformed the CSI 300.
So I don't want to rebuild my positions. Maybe I haven't calculated whether rebuilding or continuing to hold would yield higher returns.
This needs research and calculation. If I sell everything and invest again, will the return probability be similar to before?
Sell at relatively high positions, then wait to buy at low positions? It feels hard 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 in themselves; is it necessary to wait?
Isn't it also a strategy to not care?
Keep learning.