Spring Equinox 2026: Balance an Egg, Everything is Stable

PortfolioAlert · 2026-03-21T17:53:39+00:00

Investors have focused on ETFs with long-term positive returns over the past two years, such as dividend low volatility, free cash flow, Nasdaq, and S&P 500 ETFs, while finding it difficult to invest in foreign stocks. Meanwhile, affected by Middle East conflicts, US stocks have declined, and A-shares have also fallen significantly. Investors' holdings are primarily in US stock ETFs, and they plan to increase their investment allocation at an opportune time.

PortfolioAlert

2026-03-21 17:53:39

Abstract generation in progress

In the past two years, I have stopped focusing on individual stocks. The risks of A-shares are high, Hong Kong stocks are difficult, and I cannot buy overseas stocks. My main focus is on long-term, positively yielding ETFs with normal holding experiences, including low-volatility dividend ETFs, free cash flow ETFs, NASDAQ/ S&P 500 ETFs. I also pay attention to convertible bond rotations/rollovers, micro-cap stock indices, gold ETFs, commodity ETFs, and consider timing strategies.

March 20, 2026
Thursday night, U.S. stocks declined: NASDAQ down 0.28%, S&P 500 down 0.27%. The Middle East conflict has spread to oil and gas sectors. Trump warned Israel not to target energy facilities again; multiple central banks are monitoring Iran conflict risks and discussing rate hikes to curb inflation. Middle Eastern wealthy sell gold due to liquidity issues, pushing gold to $4,500. Liquidity crises are affecting commodity and metal markets, but crude oil remains on its original trend. On the 20th, A-shares sharply declined: Shanghai Composite down 1.24%, Eastmoney All A down 1.19%, with a trading volume of 2.30 trillion yuan and an increase of 175.5 billion yuan in turnover. Alibaba’s earnings fell short of expectations; cloud revenue was a bright spot. Hengke just experienced a big drop after Tencent’s earnings report, now facing Alibaba’s earnings challenge. Hengke’s stock fluctuated wildly; timing is very important in markets with high volatility.

Position holdings:
159513 down 0.69%,
513650 down 0.30%,
159659 down 0.70%,
513870 down 0.79%,
513100 down 0.85%,
512890 down 0.42%.

U.S. stock ETFs account for 21% of holdings. I plan to increase to 35% after a major U.S. stock decline or when QDII premiums converge. Continuing to wait for opportunities to add low-volatility dividend ETFs and U.S. stock ETFs.

During the day, NASDAQ futures fell 1.2%. QDII fund premiums slightly narrowed to 2.19-2.69%. A few days ago, I successfully added to my positions during the decline, but I was overwhelmed with emotion and only able to think of gathering funds to fight again.

SPYX-0,17%

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