Open a new small fund account. What strategy do you all think is better?

During the New Year, I discussed investments, and my mother-in-law gave me an account to operate with about ten or so thousand dollars.
Now there are two options:
One is high-dividend stocks combined with IPO subscriptions. Should I focus solely on IPOs in the Shanghai market with these ten or so stocks, or split between Shanghai and Shenzhen proportionally? It seems there are relevant statistics on Jisilu. Although the amount is quite small and somewhat laughable, I’ve been trading my main account for a year and haven’t hit many wins (I plan to open accounts for ChiNext and STAR Market as well).

If I use this strategy, which stocks do you think are suitable for a core position?

The other option is convertible bonds. Although most convertible bonds are now not very attractive, I can still pick out some decent ones—there’s just not much room unless they are linked to concepts. My initial plan is to focus on bonds nearing maturity or those with down-graded terms, betting on redemption.

Other IPO bonds and arbitrage strategies are also included as inevitable parts, so I won’t mention them.

A small loss on this account is acceptable, a big loss is not suitable, and making big profits is also difficult. After all, it’s not my own money, so I prefer a more conservative strategy. If the returns are good, I might consider adding more investment later.

Any suggestions?