00547 [The real risk is not a downturn; only asset allocation that passes stress tests can survive.]

Related Materials

• Next presentation: 00548 [Why can QQQI dividends feel stable and reassuring? The key is asset allocation and managing human nature, not the payout itself.]

Document Text

The market only rises over the long term

Clubhouse Easy Investing Chat, CLEC Investment and Wealth Management Channel, YouTube video number 00547, January 3, 2026.

• https://docs.google.com/presentation/d/1SbSt6n1A_nxY9LFZs5zLeIQnd-gvFCmw/edit?usp=drivesdk&ouid=113923943543023279904&rtpof=true&sd=true

Market volatility has nothing to do with me!

• Market volatility has nothing to do with me!

• International affairs have nothing to do with me!

• Market analysis has nothing to do with me!

• Financial statements have nothing to do with me!

• Economic conditions have nothing to do with me!

• None of it has anything to do with me!

• Ignore the noise and swings of the market!

Investors are always extremely optimistic!

Investors always face the sunlight!

The market will ultimately rise!

Investing requires patience!

Wealth is worth waiting for!

Subscribe, leave a comment, tap 👍, and share. On Apple Podcasts, remember to give five ⭐. Subscribe to receive timely market updates.

The market keeps rising forever; it only rises and does not fall

Beware of this scammer on Clubhouse

This ID is a scam account; they often change IDs.

Beware of this scammer on Clubhouse

This is a new scam account. The ID is fraudulent, and they often change IDs.

It's a fraud. Be careful. I won't contact you directly unless you ask me something.

[Announcer: V1.0, Issue 3]

URL)

This post is part of our special coverage Global Investment Forum.

https://cfnavi.org/forums/forum/investment/

QQQ/QLD Asset Allocation Backtester

• https://docs.google.com/presentation/d/1wyELtWLl4_ReEo5y34JGadjU_uB1lb8b/edit?usp=drivesdk&ouid=113923943543023279904&rtpof=true&sd=true

• QQQ/QLD Asset Allocation Backtester

• https://clec-strategy-backtest.vercel.app/

• 80/20 asset allocation without margin loans

• https://drive.google.com/file/d/1I96qJBdfyvfL4V2d_JhjTLXlcFrR9km4/view?usp=drivesdk

• Taiwan asset allocation profiles_2025-12-30

• https://drive.google.com/file/d/1UZzv1lGiPwjGhixHc7XNYUrtoF5F-q2e/view?usp=drivesdk

• U.S. asset allocation (updated)

• I was reviewing QQQ historical data on Yahoo (https://finance.yahoo.com/quote/QQQ/history/?period1=951868800&period2=1767205210&frequency=1mo) and comparing it with our backtesting Excel file. I found that our backtesting tool was using the wrong data:

• To calculate the maintenance ratio, we should use the monthly low. The system is currently using the monthly adjusted close, which can still mislead people. I need to fix this bug today or tomorrow and will notify everyone after the release.

Annex

• In addition, the backtesting engine has two documents:

• CLEC Strategy Backtesting Tool - User Guide

• https://github.com/yutaofr/clec-strategy-backtest/wiki/%E7%94%A8%E6%88%B7%E4%BD%BF%E7%94%A8%E8%AF%B4%E6%98%8E%E4%B9%A6

• CLEC Strategy Backtesting Engine Documentation

• https://github.com/yutaofr/clec-strategy-backtest/wiki/CLEC-%E7%AD%96%E7%95%A5%E5%9B%9E%E6%B5%8B%E5%BC%95%E6%93%8E%E8%AF%B4%E6%98%8E%E4%B9%A6

• The source library can also be shared (URL):

• I know some Chinese classmates can't log in to vercel, but they can look at github directly in China.

Smart Adjust (smart rebalancing)

• In December of each year, it is triggered.

• Calculating "QLD Gains": End-of-Year Assets - [First Year Assets + Inputs]

• Bull case (QLD profit > 0)

• Sold 1/3 of QLD profits and converted to cash.

• Bear case (QLD profit <= 0)

• Buying QLD with cash;

• Purchase amount = 2%

Flexible Rebalancing

• First ensure the target cash buffer:

• Cash buffer = annual expenditure X years

• Mode A: cash buffer is insufficient (cash < target cash buffer)

• Bull case (QLD profit > 0)

• Take one third of QLD profits and convert it to cash.

• Bear case (QLD profit <= 0)

• Asset exchange:

• Sells 2 units of QQQ and buys QLD.

Mode B: cash buffer is sufficient (cash >= target cash buffer)

• Defense type (Flex 1)

• Follow the logic of Smart Adjust:

• Bull case: convert profits to cash; bear case: use cash to buy.

• Positive (Flex 2)

• Bull case:

• One-third of QLD is sold to buy QQQ (equity swaps to reduce risk).

• Bear case:

• Follow Smart Adjust.

XNAS refers to the Xtrackers NASDAQ 100 UCITS ETF 1C, an exchange-traded fund issued by DWS, the globally known asset manager under Deutsche Bank Group. It tracks the NASDAQ 100. IB also offers a USD-denominated option; choose the LSEETF listing. One share is currently about $60.

Assets are about $1.9 billion, smaller than CNDX; the management fee is 0.2%, which is better than CNDX. You can evaluate it for yourself.

I compared the returns of CNDX/EQAC/XNAS. The results are similar, with each performing differently across time periods.

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

• Whether or not to replace 3416.HK for wisdom.

• https://chatgpt.com/share/695294d3-1694-8013-9aab-d65e293029cd

@Pangpang88633.7 hours ago

• Regarding the question around 2:10 about how Taiwanese people can transfer RMB back to Taiwan: normally the quota is RMB 100,000 per year, but with a tax clearance certificate there is no quota limit. As far as I know, Bank of China, Standard Chartered, and Fubon Huayi can all handle this. If you open an HSBC account in Shanghai, you can use the tax clearance certificate to exchange into USD and transfer it back to HSBC Taiwan.

• It is also possible to increase the volume of ATM funds in Taiwan free of charge, but this is still subject to an annual level of $100,000.

@Pangpang88633 - 16 hours ago

• @clec168 Thank you, teacher. I just asked Gemini. There is now a new rule: currency exchange and small remittances (daily limit of RMB 80,000) share the same annual quota of USD 50,000. Large remittances require a tax clearance certificate and are not subject to the USD 50,000 limit. Other overseas withdrawal limits remain RMB 100,000. For large amounts, I suggest asking HSBC in mainland China; its global transfer function is convenient, and that is how I transfer money back. I hope this helps that friend. I also wish the teacher good health, peace, and success in the new year.

Thank you for your service and for the expectation that more people will follow you.

• I am Kevin from mainland China. I recently moved your program to Ximalaya so listeners in mainland China who do not use a VPN can still listen. I have already moved 153 episodes and will gradually move all podcast episodes over while continuing to update the weekly episodes.

• This is the Ximalaya link.

• https://m.ximalaya.com/selfshare/albumnew/110339131 https://m.ximalaya.com/selfshare/albumnew/110339131

• Thank you for your service and for the expectation that more people will follow you.

Ximalaya link: https://m.ximalaya.com/selfshare/albumnew/110339131

There's no pure cash in the portfolio. All the cash in Taiwan is 00865 B.

• All cash is in 00865B. Cash is in 00865B. Gold in Currency Market Fund

• There's no pure cash in the portfolio, and all the cash in Taiwan is 00865 B.

• There is no more than a month to spend on living cash. My living cash is just a few days away. I need money to transfer money from the mortgage account, and the day after the borrower sells the currency market fund, I can transfer the payment bill.

• It should be said that a lifetime of living accounts will not exceed a month's payment and living expenses.

• How much is it going to cost this month?

Not managing your finances is the greatest risk!

• It's not like you want insurance, lazy, trying to transfer risks to insurance companies. Is the insurance company a charity?

• The insurance company is a poor machine, a social virus, which spreads poverty.

Young man, the child must be born as soon as possible. Don't wait. Don't wait for money to come back. How do you know you can get pregnant?

• The younger you are, the fewer problems you tend to have; if there are issues, assisted reproduction is still an option. Do not delay.

• You want to grow up with your kids, get married, have grandchildren, and you can see your grandkids.

• The late birth of a child is a great risk!

• Every family is a book, and we can make each other rich and turn every family script from tragedy to comedy.

CLEC Investment in First Class of the 00451 School of Education: 100 million dollars worth of the CLC Investment Life Seminar on 29 December 2023

The market rises every day. It is wonderful and joyful 🍂🌷🌹🌸🌼🌺🌻 🌞💫✨🌟🌈🌈❤

Our pinned comment in the YouTube comments section provides the handout download and other related links.

• or email me.

• [email protected]

• [email protected]