The Living Fossil of Retail Investors: My Dad's "Never Sell Even If It Dies" Stock Trading Philosophy
Back in 2006, when the A-shares were still hovering around 2000 points, my dad slammed his thigh and jumped into the stock market. Years later, the Shanghai Composite Index has seen three waves of bull and bear markets, yet his account remains stubbornly locked in the securities account — not value investing, but treated as a family heirloom.
1. The Stubborn Operation Manual of Old Stock Investors
Stock Selection Logic: The "Stable Portfolio" recommended by the broker manager when he opened his account, a mix of Industrial and Commercial Bank of China and Fenghuo Communication along with a pile of now untraceable penny stocks.
Replenishment Strategy: The "buy more as it falls" type, even PetroChina can be heavily replenished.
Profit Taking and Loss Cutting: Nonexistent, almost forgot the account password.
New Stock Mysticism: Won a large allocation in a new stock through market capitalization, just enough to cover losses from other new stocks that broke even.
2. The Amazing Achievements of the Contemporary Buffett
Survivor Bias Group: Industrial and Commercial Bank of China's dividends reinvested barely outpace fixed deposits.
Delisting Reserve Group: A certain machinery stock dropped from 28 yuan to 3 yuan but still insists on the "industry cycle theory."
Schrodinger's Profit Group: New stock returns, considering inflation, may still lose the transaction fees.
3. Inheritance-Level Securities Asset Allocation
My Dad's exact words: "Why sell? Leave it to my grandson as shareholder certificates!" Now the whole family is looking forward to:
Waiting for bank stocks to multiply tenfold to cover losses.
Waiting for delisted stocks to be restructured and revived.
Waiting for the grandson to grow up and inherit this "21st Century Early Chinese Stock Market Specimen."
