The World’s Best U.S. Nasdaq-100 Index Investment

• In order to provide investment advice that is generally broadly applicable to all investors, we would only recommend investing 100% in passive funds

• Buy VOO SPY QQQ in the United States; those with small funds can buy QQQM

• Invesco Nasdaq 100 Index Fund (IVNQX)

• Money market: BIL, SGOV, SHV

• For investors in Taiwan, we only recommend Fubon NASDAQ 00662 and 00662, which are great. You can also buy securities dealers with regular quotas of 00662.

• China Trust US Government 0 to 1 Year Bond ETF Fund〈00865B.TW〉

• Retired people who live in Taiwan and need to obtain high dividend cash flow to support their retirement income can re-entrust high dividend QQQI investment! Try not to invest in high dividends when young people are still working!

Non-U.S. tax residents

"Non-U.S. tax resident/NRA", then use LQQ (ISIN: FR0010342592) twice the Nasdaq 100 Index. This type of "UCITS ETF domiciled in France" is usually used to reduce/avoid the risk of "U.S. estate tax", because the U.S. estate tax on non-U.S. residents mainly targets U.S. domestic assets (U.S. situs) assets), including "U.S. company stocks/U.S.-registered ETFs", etc.; French-registered UCITS ETFs are generally regarded as non-U.S. domestic assets (the location of the assets usually follows the place of registration of the fund, rather than the underlying market tracked by the fund).

• Brazil recently launched a Nasdaq index fund with NASD11

• China In addition to 513100 (market value 6.2 billion) China Nasdaq 100 ETF (QDII) 513300 (1.68 billion) and Cathay Pacific 160213 (2 billion) (similar performance to 513100) ; QQQ-159941 (14.7 billion), 161130 (800 million), 159660 for securities available in China; Harvest Nasdaq 100 ETF (QDII) (159501) 159696: CCB Nasdaq 100 Index (QDII) RMB A 539001

Suggestions for mainland friends: Borrow funds from the bank and transfer them through other people's accounts to your own account. Do not go directly to the bank-securities transfer account. It is easy to get credit loans from units within the system, and the interest rates are also low. I used to get a loan with an annualized interest rate of 2.55, but now it can be as low as 3. Control the credit limit to ensure that all loans are not withdrawn at the same time. If one loan is withdrawn, you can use another bank to repay it. Even if you have a loan for your house, you can go to a lending bank for a second mortgage, but this can only be done through a company account. You can consult the bank for details. This kind of loan currently has the lowest annual interest rate of 2.3. For the cash part, you can buy 511880 or reverse repurchase. Some brokers have no commission for buying and selling 511880, and the reverse repurchase commission is 10% off. You will never lose money with these two products. Don't be fooled by brokers or bank financial managers into buying other products. Those who have retired in China and need high dividend cash flow to support their retirement can invest in the following high dividends! Try not to invest in high dividends when young people are still working!

We no longer recommend

Southern Dividend Low Volatility 50ETF Link A (008163)

Not recommended either

Southern Dividend Low Volatility 50ETF (515450)

Because the website information is not in line with international standards, the real data is not as good as imagined! Dividends may come from principal. Not a good investment!

Comprehensive analysis of high dividends and cash allocation for retirees in Mainland China

People who live in China and are retired and need stable cash flow to support their retirement life can moderately allocate high-dividend products as a source of cash flow.

However, if young people are still working and have long-term asset accumulation needs, they should try not to invest in high-dividend products, because high dividends usually represent lower growth and long-term returns may not be as good as stock index funds.

CLEC has always emphasized:

• Young people value "asset growth"

• Retirees value “stable cash flow”

Therefore, investment tools should be different for different stages of life.

High dividend products no longer recommended

The following two products are currently no longer recommended for investment:

• Southern Dividend Low Volatility 50ETF Link A (008163)

• Southern Dividend Low Volatility 50ETF (515450)

Main reasons:

• Website information is not well aligned with international market data

• Real long-term performance is not as good as imagined

• Part of the dividend may come from principal

• It is easy to have the problem of "it seems that the yield rate is very high, but the assets are actually not growing"

This type of product is not a good long-term investment.

High-dividend products that mainland China can refer to

1. Invesco Great Wall Shanghai-Hong Kong-Shenzhen Dividend Growth Low Volatility Index A (007751)

Features:

• Dividend yield about 8%

• Average annual return in the past three years is approximately 6%

• Prefer "low volatility + high dividend" style

Suitable for:

• Retired

• Need cash flow

• People who can accept some fluctuations

2. Huatai-PineBridge CSI Central Enterprise Dividend ETF (561580)

Features:

• Dividend yield approximately 7.6%

• The average annualized return in the past three years is approximately 8.21%

• Mainly high-dividend Chinese state-owned enterprises

The overall quality is relatively stable,

Can be used as part of a retirement cash flow allocation.

3. Huatai-PineBridge CSI Hong Kong Stock Connect High Dividend ETF (QDII) (513530)

Features:

• Dividend yield approximately 7.6%

• Invest in high-dividend companies in Hong Kong stocks

• Can be used as a source of high dividend cash flow

This type of product is more transparent than some mainland China high dividend funds.

Not bad as a retirement cash flow allocation.

⸻

Important concepts about "cash position"

Many people will mistakenly think:

"High dividend = cash allocation"

This is actually wrong.

⸻

It is not recommended to use 161115 as a cash position

Products:

• E Fund Suifeng Tianli Bond (161115)

Although:

• The maximum drawdown in the past 5 years is only -2.23%

• Average annualized rate in the past 4 years is approximately 3.2%

Looks very stable. But after careful study, you will find:

The bottom layer still holds:

• bonds

• Stocks

• Risky assets such as convertible bonds

Therefore:

• Principal may still be lost

• Not really a “cash position”

Many Chinese investors mistake this product for money funds.

In fact, the two risks are completely different.

⸻

Mainland China’s real cash position

At present, the only instrument that is truly close to "risk-free cash" in mainland China is monetary funds.

For example:

511880 (Yinhua Daily Currency ETF)

The current annualized income is approximately:

• about 1%

Although the income is not high,

But this is the configuration that is truly close to "cash".

CLEC has always emphasized:

The most important thing about the cash position is not the rate of return;

But "security and liquidity".

⸻

CLEC’s core concepts

Retirees:

• You can appropriately allocate high-dividend products to obtain cash flow

Young people:

• Priority should be given to pursuing asset growth

• Try to invest in growth index funds

In the long run:

• US Nasdaq-100 type assets (such as QQQ)

• Or Taiwan’s 00662 and China’s Nasdaq 100 Index Fund

It is generally more suitable for young people to accumulate assets over the long term.

If you need cash flow after retirement,

It will be more reasonable to start gradually increasing high dividend positions.

qdii daily plan U.S. short-term debt.pptx https://docs.google.com/presentation/d/1wA7oikkFSjJ1xX5Ik83D5f6p_3b0071j/edit?usp=drivesdk&ouid=113923943543023279904&rtpof=true&sd=true Mainland capital parking reverse repurchase.pdf https://drive.google.com/file/d/137-Jm0T_FxxfpYNCu4jUjmTGNtBCQQ59/view?usp=drivesdk Mainland China’s cash can be used to purchase government bond reverse repos, in which individuals lend their own funds through the government bond repurchase market and obtain fixed interest income; and the repurchase party, that is, the borrower uses his own government bonds as collateral to obtain the loan, and repays the principal and interest after maturity.

Treasury bond reverse repos will have a lock-in period and can only be operated during the trading time period on the trading day. The lending time can be selected based on the demand for use of funds. When you lend it out, it will be stated when it can be used and when it can be taken out. The following two screenshots are the operation interface.

The handling fee for reverse repurchase of treasury bonds is generally one hundred thousandth. If you have large funds, you can communicate with the brokerage and ask for a commission, and the handling fee can be one millionth. The handling fee is settled on a daily basis, and you can only purchase integer multiples of 1,000!

In mainland China, the largest cash on the market (80 billion) is the currency-type Yinhua Daily Interest ETF 511880 and the short-term debt type short-term financing ETF 511360. The annualized rate is basically the same as that of a bank's one-year time deposit. The transaction costs of these two are 0 for most brokerages after negotiation, which means there is no handling fee for buying and selling.

Then it depends on which one you can buy for a higher amount. Or buy every one. There are twelve ETFs.

Or go directly to Hong Kong to open an account and invest from Hong Kong.

Estimated purchase limits and remaining quotas for the twelve Nasdaq ETFs 1 Introduction As the Nasdaq Index rises, more and more people are paying attention to it. Because too many people only buy but not sell, and are subject to foreign exchange quota restrictions, the old Nasdaq...

• Boshi S&P 500ETF (513500) and the corresponding Boshi S&P 500 link (050025); Boshi S&P 500ETF link A (050025; Boshi S&P 50 0ETF Link C (006075); E Fund S&P 500 Index RMB A (161125); E Fund S&P 500 Index RMB C (012860); Tracks S&P 500

• In China, I think it is better to buy from a securities firm than from a bank, as the transaction is convenient. When you go to a bank, you may sometimes be led astray by financial management specialists to buy financial products that you shouldn't buy, and you may be deceived. Larger brokerage platforms are better, such as CITIC Securities, which has the most outlets, is safe and stable, has good services, and is very convenient to open an account.

• In Hong Kong: ChinaAMC NASDAQ 100 ETF HKD 3086; ChinaAMC NASDAQ 100 ETF USD 9086; iShares NASDAQ 100 ETF 2834 (HKD)/9834 (USD)/

3455 Invesco QQQ Trust, Series 1 (with U.S. estate tax risk)

Retired people living in Hong Kong who need high dividend cash flow to support their retirement income can invest in the following high dividends! Try not to invest in high dividends when young people are still working!

Hong Kong 3451.HK 9451.HK can replace high dividend QQQI

Whether to replace 3416.HK is a matter of opinion. https://chatgpt.com/share/695294d3-1694-8013-9aab-d65e293029cd Hong Kong's high dividends can be invested!

Global X Country Index Covered Call Option Active ETF - Global X ETFs Hong Kong

3416 HKD/9416 USD/83416 RMB Global X State Index Covered Call Option Active ETF

Dividend payout rate in 2025 16.8% Performance in 2025 20.13% https://www.globalxetfs.com.hk/zh-hant/funds/hscei-covered-call-etf/ 3416.HK refers to the Global X HSCEI Components Covered Call Active ETF listed on the Hong Kong Exchange (HKEX). Annual dividend payout is about 16%

• The following is the latest relevant information as of December 19, 2025:

• Latest market price: HK$10.51

• Investment objectives: This is an active ETF that mainly invests in the constituent stocks of the Hang Seng China Enterprises Index (HSCEI, referred to as "China Index") (such as Alibaba, Tencent, Xiaomi, etc.).

• Investment strategy: Adopt covered call strategy. Earn option premium income by selling (selling) country index call options, thereby offsetting part of the market decline or increasing cash flow income.

• Income and dividends:

• Dividend payment frequency: monthly dividend payment.

• Annualized yield: The annualized yield is expected to be as high as approximately 15.98% to 16.75%.

• Cost and scale:

• Management fee: 0.75% per annum.

• Asset size: approximately HK$13.5 billion.

• Publisher: Mirae Asset Global Investments (Hong Kong) Co., Ltd.

• Global X Country Index Covered Call Option Active ETF - Global X ETFs Hong Kong

• https://www.globalxetfs.com.hk/zh-hant/funds/hscei-covered-call-etf/

I found that there is no SPY corresponding index fund in Hong Kong, but there are many Nasdaq 100 index funds.

ETFs Exchange Traded Funds - ETF Overview

• http://www.aastocks.com/tc/stocks/etf/default.aspx

Hong Kong has twice the Nasdaq leveraged funds. Check whether there are double leverage funds in mainland China. Or use Fu-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect to invest in the Hong Kong Stock Double Nasdaq Index Fund.

FL 2 Southern Nasdaq (7266.HK) https://www.csopasset.com/tc/products/l-2xndx Transaction volume 553,000

Average trading volume 154,007

Total net asset value (USD) 10,588,588.00

Start trading in 2020 https://www.csopasset.com/tc/products/l-2xndx 7266 hk - Google Search https://www.google.com/search?q=7266+hk&ie=UTF-8&oe=UTF-8&hl=zh-hant-us&client=safari China is twice as long as Nasdaq 100 07261.hk

Volume 10,100

Average trading volume 36,139

Net asset value (millions) US$7.7

Open trading 2018

ChinaAMC Nasdaq 100 Index Daily Leveraged (2x) Product (7261 HK) - ChinaAMC Asset Management (Hong Kong) Limited https://www.chinaamc.com.hk/zh-hant/product/chinaamc-nasdaq-100-index-daily-2x-leveraged-product-7261-hk/ China's Yu'e Bao is a money market fund.

If China wants to make its investment flexible, it should open an account in Hong Kong and be able to invest in anything, which will make it relatively flexible.

Here is some information for your reference

Money Fund Daily Income List_Tiantian Fund Network https://fund.eastmoney.com/HBJJ_dwsy.html CSOP USD Money Market ETF

(USD counter stock code: 9096, HKD counter stock code: 3096)

Endowus ZhiAn Investment Selected Fund List | Endowus ZhiAn Investment Hong Kong | E Fund | E Fund (Hong Kong) USD Money Market Fund

E Fund HK0000365541 https://endowus.com/zh-hk/investment-funds-list/%E6%98%93%E6%96%B9%E9%81%94-%E6%98%93%E6%96%B9%E9%81%94(%E9%A6%99%E6%B8%AF)%E7%BE%8E%E5%85%83%E8%B2%A8%E5%B9%A3%E5%B8%82%E5%A0%B4%E5%9F%BA%E9%87%91-HK0000365541 HSBC Hong Kong Portfolio Loan

• [HSBC Hong Kong also implements practical details of stock pledge borrowing].docx

• https://docs.google.com/document/d/1vbWem5gADEdGR_NkCit6fiAjMe-zvV2I/edit?usp=drivesdk&ouid=110455984605258774632&rtpof=true&sd=true

• HSBC Financial Portfolio Loan Details.pdf

• https://drive.google.com/file/d/1L1Ice-BESGMwTWr3XuAXT-C9Zn6rBNbQ/view?usp=drivesdk

• HSBC Financial Portfolio Loan.pdf

• https://drive.google.com/file/d/16IQHQNgEzDOnJ6PMA-8hsxPbD2p-Z-fG/view?usp=drivesdk

• Huicai Portfolio Loan Interest.pdf

• https://drive.google.com/file/d/1VvnQ1kCQE-yssA5HuHVK6e8mxW2U-FDs

• I read the documents and the net worth to assets ratio is between 60% and 80%.

• If it is a 60% net worth to asset ratio, then if the asset is 1 million and you borrow 400,000, the net worth remaining at 600,000 will trigger forced liquidation. A retention rate of 250% (100 divided by 40) is quite high.

• I have tried to calculate that the annual borrowing cost is 2%, and the asset allocation that has always ensured a maintenance rate of 250% can only be 50% Nasdaq 100 Index and 50% cash (money market funds). From 2000 to 2024, the net assets increased by 3.8 times, which is also good.

• So, if you have two million and pledge it, you can borrow 40,000 per year, but your asset allocation is 50% Nasdaq 100 Index 50% cash (money market fund), if the market falls, buy 2% of your assets with double leverage. Sit smart and rebalance when you have leveraged funds.

• If you do stock pledge with HSBC Hong Kong, you have to use an asset allocation of 50% Nasdaq 100 Index and 50% cash (money market funds). In fact, in my simulation of the market from 2000 to 2025, the performance was higher than 433 (3.4 times net assets), and the asset allocation of 50% Nasdaq 100 Index 50% cash (money market funds) resulted in a final net assets of 3.8 times.

• The mortgage credit ratio of the Nasdaq 100 is 70%. The same is true for leveraged funds, which cannot be mortgaged. It should also be possible to achieve a credit ratio of at least 70%.

• In Canada, it is still recommended to HXQ.TO

• Horizons NASDAQ-100 Index ETF (HXQ.TO) (looks better)

• Toronto - Toronto Real Time Price. Currency in CAD

• BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO)

HXQ: (Looks better)

Scale: C$600 million

MER: 0.27% No dividends (dividend direct investment), no 15% withholding tax

QQC:

Scale: 1.7 billion Canadian dollars

• MER: 0.20% dividend, with 15% withholding tax

The following companies will pay dividends every month, unlike BOXX which does not pay dividends.

CMR.TO

iShares Premium Money Market ETF | CMR | COMMON https://www.blackrock.com/ca/investors/en/products/239414/ishares-premium-money-market-etf ZMMK.TO

BMO GAM https://tools.bmogam.com/en/etf/overview?symbol=XTSE%3AZMMK

• Canada's Wealthsimple brokerage platform has just launched a portfolio secured line of credit. If the account has more than $500,000, the interest rate is only 3.95% (it must be a non-registered account / brokerage account). The limit is 35% of account assets, which is much lower than the 70% pledged-loan ratio in the U.S., so the risk needs more attention. Interest can roll over, similar to Charles Schwab PAL, without requiring regular principal repayment. This is much better than the security-backed line of credit I previously asked the five major banks about, because they required transferring assets to the bank for management and charging a 1-2% management fee before allowing pledging. At least for total assets around $1-2 million, they were not very enthusiastic; perhaps with assets above $10 million they would be more willing to lend unconditionally. Sharing this with other students.

• https://www.wealthsimple.com/en-ca/portfolio-line-of-credit

Stock-backed loans are available in Canada. I know RBC Private Banking in Canada can do this, but it requires at least 100 million Canadian dollars.

Canada's RBC Bank has security based Lending. It seems that stocks can be pledged! Need to confirm... https://www.rbcclearingandcustody.com/en-us/products-and-services/securities-based-lending/

Information provided by Zhiyong Liu:

Hello teacher,

I saw a classmate leaving a message asking about Canadian stock pledging. I left two messages on YouTube to respond without success, so I am writing you an email.

I am also in Canada and hope to find a way to borrow money from banks by pledging stocks. Recently, Google found that TD Bank has investment-secured-line-of-credit, which allows you to borrow money from the bank using investment as a guarantee, and you can only repay interest. This kind of loan is quite similar to the stock pledge mentioned by the teacher. Since my assets are very small, I have not yet reached the stage of stock pledge. But I hope to ask the teacher to see if it is feasible and see if it can help other Canadian students. The bank link is as follows: Investment Secured Line of Credit | TD Canada Trust

Investment Secured Line of Credit | TD Canada Trust https://www.td.com/ca/en/personal-banking/products/borrowing/lines-of-credit/investment-secured-line-of-credit Thank you teacher for your time.

@LiuJordan• 1 hour ago

@clec168 In view of Yiyong Liu’s statement, I interviewed Lulu from TD Metrotown last week, and she said that TD cannot do any form of simple stock pledge; only stocks can be opened in TD

Margin account financing to buy stocks; stock asset loans must be calculated based on income, credit, existing loan limit, etc. to see if it is possible.

Refinance provides loan lines, that is, it does not have stock pledge loan business; it is not clear whether other Canadian institutions have this business.

@LiuJordan • 1 hour ago

@huilin5396 What happened in your TD meeting? I asked TD, and they said there is no stock-pledge loan.

Canada's RBC Bank has security based Lending. It seems that stocks can be pledged! Need to confirm... https://www.rbcclearingandcustody.com/en-us/products-and-services/securities-based-lending/

Three ETFs are available in Canada, with a yield of about 5%.

CASH.TO issues interest every month, suitable for tax-free & retirement accounts (the current interest rate is about 5.5%.)

HSAV.TO does not issue interest, and the stock price keeps rising. It is mainly used for not paying interest/income tax on one's own brokerage account, and changing it to capital gains tax. But there seems to be a little excess risk premium over NAV? (The annual interest rate of capital appreciation in the past year is 6%)

PSU.U.TO (used as PSU-U.TO in Yahoo finance) is an ETF traded on the Toronto Stock Exchange but traded in US dollars (the dividend annual interest rate is 6.13%, calculated based on the maximum dividend of 0.5 and the stock price of 100.48.)

I hope it will be helpful to other students. The TDB & RF you checked before are mutual funds of each bank and cannot be bought or sold from other brokers.

RBC Canadian Money Market Fund - RBC Canadian Money Market Fund - RBF636 4.7% interest https://www.rbcgam.com/zh-hant/ca/products/mutual-funds/RBF636/detail RBC Canadian Money Market Fund - RBF271 4.7% interest https://www.rbcgam.com/en/ca/products/mutual-funds/rbf271/detail TDAM | Mutual Fund Card Fund Code / Ticker SymbolTDB164 Interest 4.8% https://www.td.com/ca/en/asset-management/funds/solutions/mutual-funds/FundCard/TD%20Canadian%20Money%20Market%20Fund%20-%20I/?fundId=9 The following is the relevant information I found about "Canada Security backed loan" for your reference. If you have further information, please let me know. Thank you.

Canada Security backed loan - Google Search

• https://www.google.com/search?q=Canada+Security+backed+loan&ie=UTF-8&oe=UTF-8&hl=zh-hant-us&client=safari

New Zealand (New Zealand) does not have a "New Zealand local QQQ ETF" as pure and large as the American Invesco QQQ Trust.

Currently there are several common ways for investors in New Zealand:

• Buy American QQQ / QQQM directly

Many New Zealand investment platforms (such as Hatch, Sharesies, and Interactive Brokers) can buy U.S. ETFs directly.

You are familiar with:

-Invesco QQQ Trust

• Invesco NASDAQ-100 ETF (QQQM)

In fact, it is also very popular in New Zealand.

In particular, QQQM is suitable for long-term holdings and has lower fees than QQQ.

⸻

• New Zealand’s local ETF closer to QQQ: USG

What is more like the "New Zealand version of large-cap technology growth ETF" is:

• Smartshares US Large Growth ETF (symbol USG)

It is listed on the NZX.

Although it is not pure Nasdaq-100, its holdings overlap with QQQ, for example:

• Apple

• Microsoft

-NVIDIA

• Amazon

-Meta

The website profile mentions that it is approximately 65% close to Nasdaq type companies.

But the disadvantages are:

• Much smaller than QQQ

• Low liquidity

• Higher fees (about 0.5%)

• Tracking is not as accurate as the real Nasdaq-100

So if I can buy US stocks directly, I usually prefer:

-QQQ

• or QQQM

⸻

• Latest New Zealand Nasdaq-100 Fund (more noteworthy)

Recently New Zealand has started to have local funds that actually track the Nasdaq-100:

• Foundation Series Nasdaq-100 Fund

It's actually going to buy the Invesco NASDAQ-100 ETF (QQQM).

is equal to:

"New Zealand packaged version of QQQM".

Advantages:

• New Zealand Tax Structure (PIE)

• It is more convenient to invest in New Zealand dollars

• Management fee is not high (0.15%)

This is actually very close to the "New Zealand local version of QQQ". If you buy foreign stocks here in New Zealand, even if you hold them all the time, you still need an accountant to do accounting every year, and you need to pay taxes on the increase. I pay 33-39% tax on my income. But if you can buy New Zealand stocks and hold them for a long time without trading, you don’t need to worry about paying taxes. So I finally chose the stocks of a local smart company in New Zealand, which mainly tracks Vanguard's stocks Smart US Large Growth ETF (USG.NZ) Stock Price, News, Quote & History - Yahoo Finance https://finance.yahoo.com/quote/USG.NZ/ . I think it's a bit late for me to start investing now, but I just saw the teacher's video and accepted this investment method. I think it is suitable for me and feasible, but the benefit should be my children. In 20 years, they can use the snowball I rolled to go to the bank to borrow funds to live. Just because I have just started to study stocks and there are too few choices in New Zealand, I want to confirm with the teacher again. Thank you teacher for your time. thank you

New Zealand equity funds may be able to pledge

• Friends in Australia recommend buying NDQ locally;

• Below are triple Nasdaq 100 index funds, remember investing in triple is very risky.

LNASUltra Long Nasdaq 100 Hedge Fund (LNAS) – Global X ETFs Australia https://www.globalxetfs.com.au/funds/lnas/

• Teacher, let me tell you about my research. In Australia, there is a stake stock platform with an SMSF pension account (you can manage your own stock positions, and this platform also allows you to buy US stocks), but you need to pay an annual audit fee + accounting fee of 999 Australian dollars (the fee may increase as your funds become larger.

• Personally, I think this part of the operation is suitable for people with high salaries, with an annual salary of more than 150,000 Australian dollars, because you can throw your income into this pension account (15% will be withheld first), but the amount invested can be deducted from your income for the year (for example: 15w-2w (invested capital = 13w annual income to calculate your income)

• The advantage is that you can buy US stocks QLD and QQQ.

• The disadvantage is that there will be a platform that requires audit fees + accounting fees, and you need to retire or have a major accident to withdraw the money.

• In terms of inheritance, I remember correctly that only children can inherit their parents’ pension inheritance, but the parents have to designate the beneficiary.

Add the source of information: https://www.interactivebrokers.com.au/en/trading/margin-rates-au.php

https://www.reddit.com/r/fiaustralia/comments/1o1ytuh/interactive_brokers_and_margin_lending/

https://gdcdyn.interactivebrokers.com/Universal/servlet/Registration_v2.formSampleView?formdb=3373 Regarding the use of IBKR for stock pledge in Australia, which was mentioned by a student in the video last week, some of my netizens also live in Australia, so I did some information collection and compiled the following articles, but they are not necessarily correct. I will let my netizens verify it now, but the threshold is high.

IBKR seems to have limitations due to differences in the status of the two investors

Retail investors: They cannot borrow against stock pledges and can only purchase stocks with financing. They are general investors.

Professional investors: You can carry out stock pledge loans and withdraw cash, and you need to meet the conditions for promotion.

Avoid being eaten up by capital gains tax: how Australian residents can use IBKR and NDQ ETFs to build a personal cash-withdrawal engine without selling

In the world of Australian financial management, one of the demons most hated by the middle and upper class is the capital gains tax (CGT for short).

Suppose you hold the famous Nasdaq 100 ETF (Betashares Nasdaq 100 ETF, Australian code name: NDQ) in Australia and watch it grow with compound interest over the years. However, when one day you need a large amount of cash to do business and pay for large living expenses, once you sell the stocks for cash, you will have to face a CGT tax disaster of up to 30% to 45% during the tax filing season of that year.

Is it possible to continuously withdraw cash from holdings to an external bank without selling stocks or triggering CGT?

The answer is yes. Through the world-renowned Interactive Brokers Australia (IBKR), you can use the high-quality blue-chip asset NDQ in your hand to perform a pure cash withdrawal operation of a securities guaranteed credit line (SBLOC), which is currently a very mature local asset activation method.

However, the Australian Securities and Investments Commission (ASIC) regulations are impenetrable. Australian residents must understand the following detailed instructions on status levels, regulatory restrictions, interest calculation mechanisms and risk defense lines before operating stock pledge withdrawals on IBKR.

The first critical step: Recognize your investor status and regulatory constraints

IBKR Australia is strictly governed by the Australian Financial Services License (AFSL). The system will divide your identity into two types, which directly determines whether you can successfully lend cash to an external personal bank account:

1. Retail Client──Restricted in every aspect

If it is just a general retail investor (default status), Australian regulations have set extremely strict restrictions in order to prevent individuals from over-expanding their credit:

Amount ceiling: The total borrowing amount is locked at a hard limit of AUD 50,000. Even if you hold an NDQ of AU$1 million, you can only lend up to 50,000.

No cash withdrawals allowed: This is the most confusing area. Retail investors can only keep the borrowed money in their securities accounts to continue buying stocks or derivatives. If you try to transfer borrowed money out to an external traditional bank (everyday account like CBA, ANZ, etc.) the system will simply block and reject the transaction.

Surcharge: Rates are subject to an additional regulatory surcharge of 1%.

2. Senior/Professional Investor (Wholesale/Sophisticated Investor)─Perfectly Unlocked

Only by upgrading your IBKR account to a professional investor through a certificate issued by an Australian Chartered Accountant (CA or CPA) can you truly understand the solution.

Unlock pure pledged-withdrawal functionality:

Unlock cash withdrawal: The borrowed funds can be freely transferred to an external Australian bank account for non-stock investment purposes (such as company turnover, general large-scale consumption).

Remove the upper limit: The 50,000 Australian dollar limit disappears, and how much you can borrow is purely determined by the market value and risk rating of the NDQ you hold.

Ultra-low wholesale interest rates: Waive the 1% surcharge and enjoy the world's top low-interest funds.

Tip: How to become a professional investor in Australia?

According to Australian company law, foreign residents only need to meet one of the following two financial thresholds and have an accountant sign a certificate of qualification to upload to IBKR:

Asset line: The total net assets controlled by an individual or under his or her name reach more than 2,500,000 Australian dollars (can include Australian home equity, investment properties, Australian pension Super, and shareholdings).

Income line: personal annual income of more than 250,000 Australian dollars for two consecutive years.

Practical instructions: How to use IBKR to convert NDQ into external cash?

Once the account is confirmed as a professional investor, the process of operating stock pledges for cash can completely eliminate the tug-of-war of financing stock purchases and operate purely as a cash credit line.

Process concept: NDQ ETF managed by IBKR (pledge) ➔ Account opening cash limit ➔ Online banking withdrawal ➔ External Australian bank account.

Step 1. Confirm the margin ratio:

As a star ETF tracking the Nasdaq 100 Index, NDQ is extremely liquid and has a very high margin ratio on IBKR.

Its initial margin requirements are typically around 30%, meaning its maximum theoretical loan-to-loan ratio (LVR) can reach 70%.

Step 2: Perform pure withdrawal:

There is no need to place an order or sell stocks. Log in to the IBKR backend and click Withdraw Funds in Transfers and Payments.

Choose electronic transfer to transfer money directly to your daily bank account in Sydney or Australia.

Step 3. Revolving interest on borrowing and repaying at any time:

When cash is transferred, your IBKR account cash position will automatically show a negative number (for example, negative AUD 100,000).

Only then will interest begin to be calculated on a daily basis. At present, the Australian dollar borrowing interest rate of IBKR's professional investors usually falls between 5.5% and 6.0% (floating according to the benchmark interest rate). Compared with the loan interest rate of local Australian securities companies, which is often above 9.5%, the cost is extremely low.

When you have funds, you can directly transfer the cash back to IBKR to offset the negative balance, and interest calculation will stop immediately.

Achilles heel and risk control instructions

Although this method of play perfectly circumvents CGT (Capital Gains Tax), IBKR is not a traditional bank. Its underlying logic is a ruthless fully automated computer system, and the following two iron laws must be adhered to during operation:

Rule 1: Strictly control the actual utilization rate within 30% to 40%

Apply for stock pledge at a traditional bank. If the stock market crashes, the specialist will call you and give you a buffer period of 24 to 48 hours to make up the money.

But IBKR implements real-time algorithmic liquidation. As long as the index 100 technology stocks fall too much, causing your account net value to instantly fall below the maintenance margin (usually 25%) within microseconds, the computer will refuse any human accommodation and forcefully sell your NDQ directly on the market at the market price until the account is safe.

Security defense line trial calculation:

If you hold an NDQ of 1 million Australian dollars, although the bank can borrow up to 700,000, you can only withdraw 300,000 (30% utilization rate). According to the actuarial calculation of the 25% maintenance margin formula, the Nasdaq 100 index must plummet by a full 60% in a very short period of time (the market value of 1 million drops to 400,000) before IBKR's computer will initiate forced position closing.

This is an extremely rare black swan event in history, which can give you an extremely high margin of safety.

Iron Rule 2: Australian ATO’s Determination of Interest Tax Deduction

Using this financial service, how you spend the borrowed money outside will directly affect your tax declaration:

Fully tax-deductible: If the cash you withdraw is used to inject your company operations, business turnover, or into other channels that can generate taxable income, the pledged interest can be fully used as a deduction when filing your tax return in July each year to offset your high personal Australian income tax.

It is not tax deductible at all: If you withdraw it to buy a personal car, a family vacation, or to pay for personal daily living expenses (pure consumption), not a cent of the interest is tax deductible.

Summary suggestions

If you own a large amount of NDQ shares in Australia and want to activate your assets:

1. First, take stock of your own real estate, stocks, and Australian superannuation funds to see if the total exceeds the professional investor threshold of 2.5 million Australian dollars.

2. If you cross the threshold, please cooperate with an Australian accountant to open a certificate for IBKR to upgrade your account, and you can enjoy a personal revolving cash limit with no upper limit, ultra-low interest, and no CGT levy.

3. If you have not crossed the threshold, it is recommended to abandon the IBKR channel (because you will be stuck at the 50,000 limit for retail accounts and cash withdrawals are prohibited), and turn to Private Banking (Private Banking) of the four major Australian banks to negotiate an exclusive SBLOC securities guaranteed credit project contract.

• Australian Stock Pledge UBS.pdf

• https://drive.google.com/file/d/1eX9SWG5iArRIYZ_lAjdM-A__YItXhcjL/view?usp=drivesdk

• Friends in the UK recommend investing in iShares VII Public Limited Company - iShares NASDAQ 100 UCITS ETF (CNDX.L) priced in US dollars

Leveraged funds suitable for tax-free accounts include a 3x leverage fund, LQQ3, https://finance.yahoo.com/quote/LQQ3.L/, priced in GBP.

Most brokerage platforms in the UK do not support buying with 3x leverage. What we currently know is that there is a large brokerage that supports it after a simple test, https://www.hl.co.uk Hargreaves Lansdown. Some small online brokerages such as T212 can buy it, but they are not considered here.

Therefore, I will configure the tax-free accounts of the two children with Beta1.2:

• EQQQ 60%, 3x LQQ3 20%, MMF 20%, smart rebalancing.
• Friends in Europe can buy EQQQ (Invesco EQQQ NASDAQ-100 UCITS ETF Dist)About us | Trading Platform | Online broker DEGIRO https://www.degiro.co.uk

@fstsai

•4 days ago

James Zaii, video → HE#QQQA: QQQA is effectively the European UCITS "version" of the U.S. Invesco QQQ-both aim to track the NASDAQ-100 Index, but QQQA is structured for Europe-based (or international) investors, and it automatically reinvests dividends. For investors outside the U.S. or those subject to different tax regimes, QQQA can be a more suitable option to gain tech-focused NASDAQ-100 exposure.

ETF Screener | justETF https://www.justetf.com/en/search.html?search=ETFS In the PEA account, Amundi Nasdaq-100 Daily (2x) Leverged UCITS ETF Acc (https://www.justetf.com/en/etf-profile.html?isin=FR0010342592#overview), available for rebalancing, The main disadvantage of PEA is that our investment cannot exceed 150,000 euros.

Leveraged funds suitable for tax-free accounts include a 3x leverage fund, LQQ3, https://finance.yahoo.com/quote/LQQ3.L/, priced in GBP.

Most brokerage platforms in the UK do not support buying with 3x leverage. What we currently know is that there is a large brokerage that supports it after a simple test, https://www.hl.co.uk Hargreaves Lansdown. Some small online brokerages such as T212 can buy it, but they are not considered here.

Therefore, I will configure the tax-free accounts of the two children with Beta1.2:

EQQQ 60%, 3x LQQ3 20%, MMF 20%, smart rebalancing.

UK stock pledge information:

Regarding your mention of the UK in the video, let me add the information I know for your reference:

The general customer department of HSBC in the UK does not have mortgage loans and requires a private banking department. The threshold is still relatively high, and the account opening assets are at least 1.5mil pounds.

All the assets back loans in the UK are provided by private banks, such as Lloyds bank Private Banking (the minimum threshold is 250k pounds). You need to contact the private bank account manager to obtain the terms, which are not disclosed to the public.

Please add more.

• Relative to QQQM, you can invest in different European exchanges

LYMS.DE

Nasdaq 100 related stock index, stock index futures and ETF fund market_Yingwei Financial Information https://cn.investing.com/indices/nq-100-related-instruments Nasdaq 100 related exchange traded funds.pdf https://drive.google.com/file/d/1f---pBj1qdOp4SzglBzKTDia2J6PiZm5/view?usp=drivesdk

• European SP500 Index Fund ETF

• SPXS.L Invesco S&P 500 UCITS ETF -LSE

• P500.DE Invesco S&P 500 UCITS ETF-GER

• E500.F Invesco S&P 500 UCITS ETF (EUR Hdg) ETF-FRA

• SPXD.SW Invesco S&P 500 UCITS ETF ETF-EBS

• SPXS.MI ETF-MIL Invesco S&P 500 UCITS ETF (EUR Hdg)-MIL

• VUSD.L (issued by Vanguard and priced in US dollars)

• CSPX.L (I share the closest performance to SPY issued) (it is recommended to invest in this branch)

• VUAG.L (issued by Vanguard and priced in GBP)

• The above three ETFs are all SPY in Europe

• European double leverage QQQ I found the code (the code is different exchanges: .PA France; MI Milan, Italy; .F Frankfurt Exchange; DE should be Germany!) LQQ.PA; LQQ.MI; L817.F; L817.DE

WisdomTree NASDAQ 100 3x Daily Leveraged

• Offers three times (3×) intraday leverage on the Nasdaq‑100.

• Code name (Ticker): 3QQQ, ISIN is IE00BLRPRL42

European Nasdaq Leveraged Fund https://chatgpt.com/share/689bf9f7-2d5c-8013-9f76-028f5193673f You can invest in the following Money market

LVNAV Euro-denominated interest 3.62%

Euro Liquidity Fund https://www.morganstanley.com/im/en-ie/intermediary-investor/funds-and-performance/morgan-stanley-liquidity-funds/euro-liquidity-fund.html LVNAV GBP denominated interest 5.16%

Sterling Liquidity Fund https://www.morganstanley.com/im/en-gb/intermediary-investor/funds-and-performance/morgan-stanley-liquidity-funds/sterling-liquidity-fund.html LVNAV USD denominated interest 5.38%

US Dollar Liquidity Fund https://www.morganstanley.com/im/en-ie/intermediary-investor/funds-and-performance/morgan-stanley-liquidity-funds/us-dollar-liquidity-fund.html Finanzen, a German broker that can pledge stocks (Depotkredit)-

Zero provides indefinite loans of different amounts based on account conditions, with different interest rates, around 6%, and interest is paid once every three months. All online account opening and information verification are provided for reference and communication with friends in Germany (and other European countries may be feasible)

For German pledge brokers, I personally use 1.

finanzen, net zero, I just opened an account recently, and I am still exploring the staking operations and advantages and disadvantages of related securities companies. I will provide it for reference to German or European friends who need it, and I look forward to exchanging experiences together.

1.finanzen,net zero

A)Official website (Attached are personal app screenshots 2 and 3) https://www.finanzen.net/zero B) Auxiliary web page (screenshot 1 attached) https://www.n-tv.de/broker-vergleich/finanzen-net-zero/ Floating exchange rate 3 Monats-Euribor + 3 p. a%., maximum borrowing amount 100.000 euros

Der Zinssatz ist variabel und beträgt 3 Monats-Euribor + 3 p. a%.

Der maximale Kreditrahmen beträgt 100.000 Euro.

2.flatex.de

A)Official website https://www.flatex.de/ B)Official website stock loan information page https://www.flatex.de/produkte-handel/produkte/wertpapierkredite/ Interest rate is 6.90% per annum until further notice,

The maximum loan amount is €250,000.

Der Zinssatz liegt bei 6,90 % p.a. bis auf Weiteres und der maximale Kreditbetrag beträgt 250.000 EUR.

• The securities firm used by most people in Northern Europe is: NORDNET. I am not very clear about the securities firms in other European countries. Nordnet has an investment account (IKZ) where you can buy qqq. I have called the broker’s customer service before. The money in the investment account will have to pay taxes in the future. The Nordnet retirement account (PEN) cannot buy qqq, but it can buy eqqq. Nordnet actually has an account (ASK) that can only buy eqqq. However, the money invested in this account in the future does not need to pay taxes, but the profit part will have to pay taxes. Nordnet Investment Account

• Invest domestically and abroad without realizing taxes.

• With an investment account, you have the flexibility to invest in a variety of stocks and funds across many markets. Additionally, you can earn additional income from the shares you hold (lending shares).

• With tax deferral, you can buy and sell stocks and funds without being taxed. We do all the tax reporting for you, and there are no ongoing fees on the account. You only pay insurance premiums starting from 0.001%.

• Flexibility: Invest in a broad range of stocks, stock and bond funds, and exchange-traded funds (ETFs)

• Deferred tax: You are taxed only when you withdraw money from the account.

• Extra income: You can earn extra income from your Norwegian equity in the form of interest.

• Multiple investment options at home and abroad: you can trade listed stocks and funds, including bond funds and portfolio funds. Additionally, you can choose from a large number of exchange-traded funds (ETFs). This account gives you the flexibility to trade on most markets offered by Nordnet, including markets outside the EU/EEA. In other words, you can trade U.S. securities on an investment account.

• Tax-deferred gains: You can sell securities and receive interest income and dividends without triggering taxes or deductions. Gains and losses are taxed only when you withdraw funds from your account. This means you will get deferred tax on your gains, but also deferred deductions in the event of losses. Account withdrawals were completed on the tax return. In other words, you just need to check that everything is correct.

• Extra income from stocks: You can get extra income from Norwegian stocks in your investment account. Simply put, your shares can be loaned to large institutional investors, who in turn can generate income for you in the form of interest. Of course, you can sell, buy, or retain stocks in your account as needed.

• Investment account loans: To increase your risk exposure, you can pledge assets in your investment account.

• Brazil recently launched a Nasdaq index fund with NASD11

• You can buy 2568 (2569 Hedged) in Japan - the substitute of インデックスファンド美国有限公司 (NASDAQ100) is ヘッジなし. (Pure asset amount (millions of yen not cleared) 6,770 million yen) Trading volume 70,430 2568 Stock Price | Listed Index Fund US Equity (NASDAQ100) No Currenc ETF - https://www.investing.com/etfs/2568

• You can buy QQQ at Rakuten Securities or SBI Securities in Japan, and the buying fee is 0 (there is a handling fee when selling). As long as there are no special tax issues.

• Zhuang Boyan

• Provide information for friends in Japan to choose from

• 1545 Net asset value August 24 market value 45.42 billion yen Trading volume 93,305 1545 Stock Price | NEXT FUNDS NASDAQ-100 ETF - https://www.investing.com/etfs/next-funds-nasdaq-100

• MAXIS NASDAQ100 ETF (2631) volume 45,396 is larger and has lower management fees 2631 Stock Price | MAXIS NASDAQ100 ETF ETF - https://www.investing.com/etfs/2631

• For 2 times, 2869 can choose iFreeETF NASDAQ100 Leveraged(2x) (2869) https://www.investing.com/etfs/2869-tokyo

• Malaysian citizens can also open Singapore's largest Phillip Securities poems cash plus trading account online (there are also several physical headquarter branches),

Tackle Singapore and Malaysia with Irish ETFs

It is best to invest from Singapore Financial (such as HSBC)

Neither HSBC nor CITI in Singapore can buy ETFs listed in London, but you can buy QQQ=02834 and QLD=07261 in Hong Kong.

QQQ, QQQM=CNDX or XNAS (CNDX is issued by Ishare, the management fee is slightly higher, and the pledge ratio is high; XNAS refers to Xtrackers NASDAQ 100 UCITS ETF 1C is issued by Deutsche Bank, the management fee is slightly lower, and the pledge ratio LTV is also a little lower than CNDX (London Stock Exchange, US dollar trading, the most recommended), both of which are ACC)

QQQI=JEPQ.L（LSE）

BOXX=IB01（LSE）

From HSBC, you can directly buy funds issued in Hong Kong with twice the leverage,

• In Hong Kong: ChinaAMC NASDAQ 100 ETF HKD 3086; ChinaAMC NASDAQ 100 ETF USD 9086; iShares NASDAQ 100 ETF 2834 (HKD)/9834 (USD)/

• FL 2 Southern Nasdaq (7266.HK)

China is twice as long as Nasdaq 100 07261.hk

In Singapore, IBKR, FSM One and Standard Chartered Bank can buy ETFs issued in Ireland on the London Stock Exchange.

There is no TQQQ substitute in Singapore!

Singapore Money Market Funds - Google Search https://www.google.com/search?q=%E6%96%B0%E5%8A%A0%E6%B3%A2+%E8%B2%A8%E5%B9%A3%E5%B8%82%E5%A0%B4%E5%9F%BA%E9%87%91&ie=UTF-8&oe=UTF-8&hl=zh-hant-tw&client=safari [Why should non-U.S. investors use UCITS ETFs to invest in the Nasdaq 100? 】

Date: 2025 https://docs.google.com/document/d/14nkP80x_WeRze4LuxGtl_QYIvi5Irs07/edit?usp=drivesdk&ouid=113923943543023279904&rtpof=true&sd=true Many financial institutions in South Korea have issued ETFs linked to the New York Stock Exchange-related index funds, including ETFs linked to the Nasdaq 100 Index Fund QQQ. Among the most common US funds on the Korean market:

QQQ ETF is (KB Asset Management - KB KBSTAR US NASDAQ 100 ETF (368590.KS)

Mirae Asset TIGER NASDAQ 100 ETF (133690.KS)

Kim Kindex Nasdaq100 ETF (367380.KS)

##SPY:

379780S. Korea: KRX 379780 | KB KBSTAR S&P 500 ETF Overview | MarketWatch

Mirae Asset Maps Management - Mirae Asset Tiger S&P500 ETF (360750.KS)

Kim Kindex S&P 500 ETF (360200.KS)

India (The following is some information about securities dealers in India and the NASDAQ -100 ETF issued in India.)

Invest in US Stocks from India - Vested Finance Formerly Vested.co.in https://vestedfinance.com/in/

How to Invest in NASDAQ - Buy NASDAQ100 Index shares from India

https://vestedfinance.com/in/blog/how-to-invest-in-nasdaq-from-india/

MO NASDAQ 100 ETF Share Price, Stock Price, LIVE NSE/BSE - Groww

https://groww.in/etfs/motilal-oswal-mutual-fundmotilal-oswal-most-shares-nasdaq-etf

Collect your foreign payments for no more than 0.99% | Winvesta

https://www.winvesta.in/foreign-collections-account/