CLEC Investment & Wealth Database00473 June 29, 2024
00473 June 29, 2024
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Document Text
Over the long run, the market only rises
Clubhouse: relaxed conversations about investing, CLEC Investment and Financial Management Channel, June 29, 2024
Market volatility has nothing to do with me!
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Market volatility has nothing to do with me!
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International affairs have nothing to do with me!
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Market analysis has nothing to do with me!
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Financial statements have nothing to do with me!
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Economic conditions have nothing to do with me!
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None of it has anything to do with me!
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Ignore the noise and turbulence of the market!
Disclaimer
Since July 2023, we have begun the process of canceling the company registration and nonprofit organization procedures for "CLEC Education Academy" and have changed all names to "CLEC Investment and Financial Management Channel," formerly "CLEC Investment and Financial Management Education Academy." We may still use CLEC. Please remember that unless it is James Chen himself, it has nothing to do with us; do not be deceived.
Our videos and related content are for educational purposes only and are not for profit. We do not operate any discussion groups or communities. If someone invites you to join one, please beware of scams.
For more than twenty years, we have been committed to volunteer teaching and have never profited from it. Do not trust any paid investment advice. Although ads may appear on YouTube videos, that is outside our control and we do not profit from them.
All information we provide is only a sharing of personal experience. It is not advice from a professional investment advisor (Certified Financial Advisor/Planner). Investment decisions should be based on your own research and should not rely solely on video content.
Investing is risky and may lead to significant losses. If you cannot tolerate a short-term loss of more than 10% or a decline of more than 20% over several years, we recommend that you do not invest. Pay attention to your own cash-flow safety and fully understand our investment philosophy before taking action. Invest prudently; all decisions are your own responsibility.
My pinned comment in the YouTube comments area provides handout downloads and related links.
New friends, please watch the following videos on our channel first.
Investing blindly without learning is dangerous
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Watch our videos and ask specific questions, including:
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The video number and the timestamp where the question came up.
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Asking questions after watching the video is the most effective way to learn.
CLEC has no discussion groups, and we have not authorized anyone to act on our behalf
- We cannot know the membership or purpose of any group, and such groups can easily be infiltrated by people with bad intentions.
The investments we mainly recommend are the Nasdaq 100 index fund QQQ and the corresponding local ETFs issued in each country
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Do not rely entirely on financial consultants, including Charles Schwab financial consultants. They can help with account opening, but we do not recommend fully adopting the ETFs or other financial products they suggest.
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Over the long term, the Nasdaq 100 index fund and the S&P 500 index fund have been among the best-performing investments. Outside of these, individual stocks, funds, and financial products usually do not help investment success and should be avoided.
We recommend investing 100% in a Nasdaq 100 index fund
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United States: We recommend buying QQQ, or QQQM for smaller accounts. Cash can be placed in money market fund SWVXX or short-term Treasury bill ETFs BIL and SGOV.
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Taiwan investors: We recommend Fubon NASDAQ 00662. Cash can be invested in CTBC U.S. Government 0-1 Year Bond ETF Fund (00864B.TW).
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China investors: We recommend 513100/513300/160213/159941/161130/159660.
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Hong Kong investors: You can choose HKD 3086, USD 9086, ETF 2834 (HKD), or 9834 (USD).
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Canada investors: We recommend converting to U.S. dollars and buying QQQ directly, or investing in Canadian-dollar products QQC.TO/ETF (HXQ.TO).
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Australia investors: We recommend buying NDQ.
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United Kingdom investors: We recommend the U.S.-dollar-denominated iShares VII Public Limited Company - iShares NASDAQ 100 UCITS ETF (CNDX.L). In Europe, we recommend EQQQ and CSPX.L.
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Brazil: The recently launched Nasdaq index fund is NASD11.
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Japan investors: You can choose 2568/1545/2631.
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Malaysia and Singapore investors: You can purchase U.S. QQQ through a Phillip Securities POEMS Cash Plus trading account.
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South Korea: The recommended QQQ ETFs are 368590.KS/133690.KS/367380.KS.
Since 2018, we have kept all videos on YouTube so everyone can learn investing in chronological order
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The videos reflect the market conditions and appropriate investment decisions at the time. As time changes, some strategies may no longer apply. They remain valuable learning resources.
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Viewers should interpret each video in the context of the market conditions at that time, and develop their own thinking and judgment.
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Our early investment recommendations included certain individual stocks and regular funds. Although they were good choices at the time, suitable investments must also account for personal risk tolerance and investment strategy.
Investors are always extremely optimistic!
Investors always face the sunshine!
The market will ultimately rise!
Investing requires patience!
Wealth is worth waiting for!
Subscribe, comment, like, forward, and share on Apple Podcasts. Remember to leave a five-star subscription so you can receive real-time market updates.
The market will keep rising forever; it only rises and never falls
Today I discovered that TESLA Streaming can find CLEC audio courses. Please let more people know so they can listen while driving. It is very convenient :)
@Jim
- Hello Mr. James, since 2020, I have been following your method for investment allocation. So far, my investment returns have exceeded what I could have imagined before, and I have begun to believe that I have the ability to achieve financial freedom early. There are many people around me who are obsessed with buying insurance instead of investing in the stock market. Although I keep sharing that in the long run, the rate of return of the U.S. Nasdaq index will definitely be higher than that of insurance, there are still very few people who believe it. However, fortunately, in the past few years, there have been five friends around me who are willing to believe in CLEC's investment philosophy and continue to buy and refuse to sell. As the teacher said, not everyone can become rich, but those who believe will understand it as soon as they hear it.
Although I haven’t left a message for a long time, I will listen to the weekly program 2 or 3 times on Sundays and look forward to the teacher’s sharing every week. Thank you, Mr. James, for helping my wife and I live a prosperous life.
- James: I am very pleased by your message, and I am glad that our channel can improve your life, allowing you to enjoy a rich life without worries, have a happy family, and spend money as you like. This is the best reward for me, and it is also my lifelong mission - "The world is rich and everyone has money."
We strongly recommend setting up pledged loans with Yuanta Securities Finance or a securities firm, not with a bank
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@ppkk
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It is strongly recommended that you do not set up a pledged loan with a bank, but with Yuanta Securities or a securities firm.
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The interest rate for set up a pledged loan with a bank is usually worse than the project interest rate for securities finance companies, and the bank's pledged loan limit will affect the personal credit limit. In addition, bank pledged loanss require monthly interest payments. If the interest is not repaid that month, the interest will be converted into the loan principal.
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I initially thought that the bank could renew the contract to seven years, which felt more secure, so I chose to go through it with the bank. Later I found out that I was completely wrong. The bank's pledge was actually only once a year. Personally, I feel very happy using the Yuanta Securities Finance now.
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In addition, the bank's pledge cannot be sold directly to repay it. You must repay it in cash first before the bank can release the pledge and return the stock to you, and then you can sell the stock. In contrast, Yuanta Securities Finance lets the shares be sold directly for repayment. Set the selling price on the App, and after the transaction is completed, the principal and interest that should be returned to Yuanta Securities will be deducted, and the remaining balance will be returned to your personal account.
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Personally, I think the biggest impact is that bank pledged loans will occupy the credit limit. Friends who plan to buy a house must pay attention to this.
If you need to ask someone how to pick stocks, it means you do not have stock-picking ability. This cannot be learned or taught!
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If you can see business opportunities that most people in the world cannot see, dare to make big bets, and dare to invest and hold them for a lifetime, like Buffett, then you have the ability to pick stocks.
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Even if you don’t have the ability to pick stocks, you can still get rich as long as you have self-awareness! Just invest in a Nasdaq 100 index fund.
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Understanding what is eternity and what is impermanent in life, adhering to eternity and avoiding impermanence is the key to a rich and happy life.
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Use the "eternal, always valid" standard to examine everything and you can find the best answer!
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Many Taiwanese friends want to open a coffee shop, but the results of online sales are more failures. If you want to open a coffee shop, what kind of coffee shop do you want to be? As a result, everyone may not dare to dream of becoming Starbucks or Amazon. In fact, as long as you buy QQQ, even Starbucks is included, so you only need to invest in index funds. The top companies in various industries are all your company. There is no need to start a business. Buying index funds guarantees the success of your business.
CLEC Investment and Financial Management Education Academy 00451, "2024" First Investment Class: An Investment Life Lecture Worth 100 Million Yuan, December 29, 2023, CLEC Investment and Financial Management Channel https://youtu.be/4FMjmyBpTzw
It is wonderful and joyful when the market rises every day
We have a pinned comment in the YouTube comments area where you can download handouts and find other related links.
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Or email me: