My investing review of first half of 2023

2023 reached the half-year end of the year, this first half is indeed quite difficult to play, compared to 2022 due to the rapid rate hike in the United States and fell all the way, the “difficult” in 2023, is that the overall rise and fall in the big city are relatively short, but between 18000 points and 20000 points are relatively long, most of the time In this case, we will test our stock selection skills, or to know very well how to grasp the fast falling market, otherwise it is easy to be punished by the market “left one right”.

At the beginning of this year, the main stock of our Hong Kong stock is $CHINA MOBILE(00941)$  , if I heard the program all know, uncertainty in certainty, and last year only love stocks $Alibaba(BABA)$ $CNOOC(00883)$ 

In April and May this year, the paste was also servBoth shares have good results. The first reason for choosing these two shares was to see their dividend payout ability. In 2022, the market situation was too many uncertainties, on the one hand, the increasing the rate hike in the US, on the other hand, the country is still fully fighting the epidemic, these two factors are difficult at that time to see what's going on.

As a conservative investor, MOBILE is suitable for defense, I am more fortunate that I am willing to sit and wait for income. And as China Mobile announced to increase the payout ratio, this will allow us to get more returns while defending, even if we sit still.

Next, the sentiment of Hong Kong stock investors seems to begin to stabilize, and some cycled stocks or offensive stocks seem to be considered.

In the second half of the year, I chose Alibaba.BABA-SW(09988.HK) Although I reflected that Alibaba was at a level of “visible to the naked eye”, especially the cash flow generated by the group's operations is proof of wealth creation, and the announced spin-off cloud and rookie. Taobao and cash, other businesses are sent.

Of course I am not absolutely right, but I feel that at this level choose to believe in Alibaba, even if it is wrong, there will not be much consequences, such a risk definitely won't win.

This year there is a US stock particularly worth mentioning, is the leader in AI concept stocks $NVIDIA Corp(NVDA)$ and $Nasdaq100 Bull 3X ETF(TQQQ)$ In January, when I showed that I would fully study the concept of AI, that is, at that time, I chose Nvidia only AI “shoveling people” concept stocks, that is, regardless of that a software company ran out, Nvidia chips will still sell in the AI boom. This investment has become an unexpected gain for me this year, with nearly 40% return.

However, before Nvidia announced the first quarter results, I stopped earning early. While I still believed AI technology would trigger the fourth industrial revolution, I still believed AI was not a simple hype, but I was more conservative at the time, worried that the stock price had been over-reflected, and now it seems that my processing has improved a lot Room.

But my investment approach has always been conservative, learning and growing, which is the biggest reason I can survive 20 years in the investment market, but the cost of learning is a little big.

For the rest of the year, hope will be a better investment environment, will be a stage of re-embodiment of value, I wish you all luck in the second half of the year.

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