GOOG Gain Hunter
LRCX Return Rate2026 Investment Review: Fundamentals and Investment Discipline
This year, my investment portfolio achieved a total return of 58%, outperforming the Nasdaq and S&P 500, with overall performance meeting expectations. The market was highly volatile this year, especially the sharp fluctuations in April triggered by the tariff war, which caught many off guard. However, this period of testing proved the value of long-term investing~
Looking back, I believe the core of the returns came from two points:
1.Firm belief in the fundamentals of high-quality companies, aggressively increasing positions in leading stocks during panic
When the tariff war broke out in April, U.S. stocks plummeted, and market panic was rampant. However, I chose to believe in those top-tier companies with strong moats and long-term growth momentum, increasing positions against the trend in $NVIDIA(NVDA.US) $Taiwan Semiconductor(TSM.US) $Alphabet - C(GOOG.US)
•NVIDIA, as the dominant player in AI chips, has rock-solid fundamentals. Despite the severe short-term volatility at the time, I continued to add to my holdings.
•TSMC, as the world's most advanced foundry leader, saw its order book fully loaded amid the AI demand boom, with irreplaceable long-term competitive advantages. Geopolitical risks were not a short-term consideration.
•Google was the most rewarding addition during this period. In the first half of 2025, Google's stock price was stuck in a prolonged consolidation phase, and the market even questioned its AI transformation progress. However, I remained deeply confident in its leading position in search, cloud, and AI ecosystems. In hindsight, patience finally paid off with a breakout.
2.Strict investment discipline, taking profits when appropriate
What I'm most proud of this year isn't catching the peak but adhering to the discipline of "selling 30% of the position after a 30% gain." Whether it was NVIDIA or TSMC, when the gains exceeded 30%, I gradually reduced my positions to lock in profits while retaining some exposure to enjoy further upside.
This approach of "letting profits run while protecting principal" kept me steadier during extreme market volatility (remember when Deepseek emerged and the market questioned NVIDIA). It prevented emotional decisions that could lead to missed selling opportunities or excessive chasing.
Locking in substantial profits also preserved ammunition for the next opportunity.
Riding the waves, looking forward to the coming year
I believe the essence of investing isn't predicting the market but trusting high-quality companies, maintaining discipline, and acting boldly during panic. 2025 proved that patience and courage are the true sources of excess returns.
Thanks to the lessons and feedback from the market this year, I look forward to steady progress in 2026!
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