#长期持有策略 Long-Term Holding: Investment Wisdom to Navigate Market Volatility

In the ever-changing investment market, the long-term holding strategy may seem 'clumsy,' but it actually contains the wisdom to traverse cycles. It does not chase short-term trends or indulge in frequent trading but instead treats time as an ally, growing together with quality assets.

Why can long-term holding outperform most people? Historical data shows that the annualized return of the A-share index over the past 20 years is about 8%, but frequent traders often suffer from chasing highs and selling lows, along with transaction costs, resulting in returns far below the index. In contrast, those who hold high-quality consumer and technology companies for over 10 years have often achieved returns of 10 times or even higher.

Long-term holding is not about 'buying and forgetting'; the core is to choose the right assets: either industry leaders with strong moats or hidden champions with stable performance growth. Hold firmly during market panic and rationally reduce positions during bubble expansions; time will filter out the noise and allow value to return to its essence.

For ordinary investors, rather than exhausting energy on candlestick charts, it is better to establish a portfolio that spans 5-10 years. Like planting a tree, it silently takes root in the early stages, and only later can it flourish—this may be the simplest and most effective way to combat market uncertainty.