✦ Course · 25 chapters

Fund Strategy · Four-Step DCA

A practical DCA system across sector, active, bond and index funds.

First 6 chapters free; the rest unlock with a coffee tip ☕️ (min ¥1) — buy the author a coffee to unlock all content. Author is exempt.

1. 01 Intro: why a system beats guessing Free

   Adopt "respond, do not predict".

2. 02 Four-step DCA: sector / active / bond / index Free

   Roles and sizing of four fund types.

3. 03 How to pick a fund: fees, tracking error, benchmark Free

   Low fees compound in your favor.

4. 04 Sector-fund strategy for a choppy market Free

   In a sideways market, follow the trend and fade the wobble: scale in over 3 tranches, trim by deviation.

5. 05 Sector rotation: ride the up-cycle ☕️ Buy me a coffee

   Entry, exit and taking profit on sector ETFs.

6. 06 Active funds: manager, style, drawdown ☕️ Buy me a coffee

   Spot managers who outperform long-term.

7. 07 Bond funds: duration & credit ☕️ Buy me a coffee

   Use bonds to dampen portfolio volatility.

8. 08 Active funds in a ranging market ☕️ Buy me a coffee

   Buy drawdowns, not rallies; sell half at the 50% annualised line and swing a half position.

9. 09 Active funds in a bear market ☕️ Buy me a coffee

   Staggered DCA only when time and space align; swing a half position to lower cost.

10. 10 High-Dividend Basics: SOEs / Banks / Utilities Free

    What yield is, why these three, buy when richer, sell when compressed, pair with DCA & grid.

11. 11 ETF & Index Fund Basics ☕️ Buy me a coffee

    Index fund vs ETF, four families, how to pick (fees / error / scale / liquidity).

12. 12 ETF Grid Trading Basics ☕️ Buy me a coffee

    Compound the small in choppy markets: band & rungs, stop below, clear above, complement DCA.

13. 13 Gold & Fed Macro Basics ☕️ Buy me a coffee

    Real rates price gold; how FOMC & dot plot move gold & equities; how to track macro.

14. 14 Bond funds in a bull market ☕️ Buy me a coffee

    Buy in one shot when below historical monthly average; scale out in thirds.

15. 15 Bond funds in a ranging market ☕️ Buy me a coffee

    Buy on drawdowns, widen the profit tolerance, keep ≥1/2 position.

16. 16 Why we insist on cycle timing ☕️ Buy me a coffee

    Institutions earn fees; we earn upside & dividends — and A-shares range.

17. 17 How to pick a quality index fund ☕️ Buy me a coffee

    Two rules: listed 5+ years, repeatedly makes new highs.

18. 18 Index funds in a ranging market ☕️ Buy me a coffee

    Buy pullbacks for swing gains; tiered entries by MA, exits by deviation.

19. 19 Index funds in a bear market ☕️ Buy me a coffee

    Back to valuation: build below PE 30%, scale out as PE climbs.

20. 20 Index funds in a bull market ☕️ Buy me a coffee

    Ride the trend and trail a stop: build on the 20-day breakout, add on pullbacks, scale out by drawdown.

21. 21 Undervalued Stock Screening Basics ☕️ Buy me a coffee

    What "undervalued" means, PE/PB percentile & PEG, three screening conditions, value traps.

22. 22 Long vs Short Basics ☕️ Buy me a coffee

    Long buys then sells for a rise; short sells then buys for a fall; a 4-step account opening guide; A-share short tools and the ¥500k barrier.

23. 23 Leading-Stock Basics ☕️ Buy me a coffee

    Why leaders are steadier, three leader types, emotion/chips/narrative triad, dragon-finding rules, pair with DCA & grid.

24. 24 How to Invest ¥100k: the 5-3-2 Rule ☕️ Buy me a coffee

    Protect the first pot: 50% anchor, 30% arbitrage, 20% DCA — with fixed-income landmines and a retail toolkit.

25. 25 Buy/sell playbook for 4 fund types: sector / active / bond / index Free

    Explains the differences and gives each a buy/sell discipline with concrete numbers.

⚠️ For learning and entertainment only — not investment advice.