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

During the New Year, I discussed investments with my mother-in-law, and she gave me an account to operate. The total funds are only around ten thousand.
Now there are two options:
One is high-dividend stocks combined with IPOs. 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 funds are 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 some decent ones—there’s just not much room unless they are linked to concepts. My initial plan is to target bonds nearing maturity, those that have been downsized, 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 advice?