00573 [Only One Thing Truly Made Me Wealthy: Buy, Hold, and Never Sell!]

Related Materials

• Previous presentation: 00572 [The Investor's Declaration of Financial Independence]

Document Text

For the latest videos and news, go to X (Twitter) and our Facebook

• X: https://x.com/CLEC168

• Follow our Facebook:

• https://www.facebook.com/share/12M44XNrAx5/?mibextid=wwXIfr

• Everyone is welcome to follow us on X and Facebook. I reply personally to comments on X and Facebook!

• You can also search for CLEC on platforms such as Bilibili, Ximalaya, Xiaohongshu, and WeChat Video. Many friends should be helping us upload video information!

• Email me directly at [email protected]. I reply to email personally.

• Our weekly Clubhouse:

• https://www.clubhouse.com/house/clec%E6%8A%95%E8%B3%87%E7%90%86%E8%B2%A1%E9%A0%BB%E9%81%93?chs=3d6SVARYG2%3ACkZijYeQpZTTvOOKS_lmEzZgw6f9lD4CN8jWjKdRT94&utm_medium=ch_house_settings

Many volunteers are now helping us print the CLEC handbook

• Many volunteers are now helping us print the CLEC handbook, and I also encourage everyone to print copies and give them to friends and others with whom they have a connection!

• It is not easy to encounter our videos, and the ideas are difficult to explain in just a few words, so we can only use other channels. Books may be a relatively effective channel!

• If you need the original book and cover files for printing, the original cover image is in the pCloud folder. This short URL leads to the same place:

• http://u.pc.cd/Mx3italK

• Download it if needed. Because cloud download traffic is limited, please avoid downloading it unless you need it for printing!

You can join the LINE groups in Taiwan

• You can join the LINE groups in Taiwan. They are organizations developed privately by friends in Taiwan and have nothing to do with me personally. Be careful: the groups are complex. Do not casually believe investment philosophies that do not belong to CLEC or the other six categories of investment. They may be scams!

• There are four groups.

• Group One teaches buying.

• Group Two teaches lending.

• Group Three is the spiritual group and discusses spending money.

• Group Four is the freedom group, where everyone begins making variations and discussing freely.

• Ask them to add you to Groups One and Two; Group Four is also fine.

• You have been invited to join "Beginner 00662 Index Investing Instruction - Group One". Select the following link to join the group!

• https://line.me/ti/g2/KSVfvmnhxJe5O124pwszD0GZfOeOIN0LFPnWAg?utm_source=invitation&utm_medium=link_copy&utm_campaign=default

This is the CLEC video backup archive

• This is the CLEC video backup archive. The latest videos will also be uploaded. Everyone may freely download them and upload them to major platforms for promotion. The archive is about 164 GB. Friends who need to preserve it should download a backup themselves. Thank you.

• https://drive.google.com/drive/folders/15w1uMdiay_H4O0cIuwkdn5Jfv5djyONd?usp=drive_link

Over the long term, the market only rises

Clubhouse, Easy Talk on Investing

CLEC (California Life Enrichment Club) Investment and Wealth Management Channel

July 11, 2026

X Platform, Video No. 00573

Investable money: buy immediately at the market price, and never sell! Once you have bought, go to sleep

Investable money: buy immediately at the market price, and never sell! Once you have bought, go to sleep.

Which word do you not understand?

Stop asking whether it is all right to buy this way or whether to buy in batches.

And do not say that you want to wait for a decline before buying. You are not God!

Waiting is the dumbest strategy!

Cancel and surrender every insurance policy immediately, and invest the money yourself

• Cancel and surrender every insurance policy immediately, and invest the money yourself. Your assets will grow by four zeros over your lifetime. You take back 100,000 and it will become one billion over a lifetime! You can grow it into one billion or tens of billions yourself. Why let it rot at an insurance company?

• Stop asking about policy loans! Do not borrow against an insurance policy. Doing so makes poverty even worse!

• No insurance, no insurance, no insurance! Stay away from insurance and from friends who work as insurance brokers.

• If you have insurance, immediately go to a nearby service counter and cancel it. There is no need to become entangled with your insurance broker!

You do not need to know much about investing; do not ask the following

• Do not ask about individual stocks. Do not ask about other instruments I have not mentioned.

• Do not ask when to buy. Do not ask when to sell.

• Do not ask when the market will fall. Do not ask when it will rise.

• Do not ask whether it will keep falling or how far it will fall.

• Do not ask whether it will keep rising or how far it will rise.

• Investing is not better because you understand more. If you have money, buy and never sell. That is the key point.

Split into two folders, "Presentation Handouts" and "Teaching Materials"

• The files are split into two folders, "Presentation Handouts" and "Teaching Materials". View and download access is currently open to students who have the link:

• https://u.pcloud.link/publink/show?code=kZMnsU5Z40xmWvQkcy5XmJsTEzSqs4VUmuPX

• This short URL leads to the same location:

• http://u.pc.cd/Mx3italK

• No registration is required. Friends in mainland China can download normally as well.

Leave questions on X or Facebook

• If you have questions, leave a comment on X or Facebook, or email me at [email protected].

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!

• The economic situation has nothing to do with me! Stay at ease.

• Everything has nothing to do with me!

• Ignore the market's noise and fluctuations!

Investors are always extremely optimistic

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, press Like, repost, and share.

Remember to give five stars on Apple Podcasts.

Subscribe to receive immediate market information.

The market keeps rising forever; it only rises and never falls

The market keeps rising forever; it only rises and never falls.

This is a scam; everyone must be careful

This is a scam; everyone must be careful. I will not contact you directly unless you come to me with a question. Remember that my correct Clubhouse ID is @clecchairman.

In 2021, most of our assets were fully invested in QQQ

• In 2021, most of our assets were fully invested in QQQ, with almost no cash reserved. Adding leveraged funds at the time would therefore have greatly increased the overall investment risk. That is why we did not recommend leveraged funds at first!

• Later, we began establishing the concept of asset allocation, retaining a certain proportion of cash to improve the safety of the overall portfolio. Only with a cash position as a buffer would we consider a moderate allocation to leveraged funds.

• Even today, however, I still believe that a portfolio with no leveraged funds at all, using only QQQ and cash, can remain a sound choice. Its long-term performance may be slightly lower, but if the overall portfolio Beta can be maintained at about 0.7 to 0.8, it can still pursue steady asset growth with lower risk.

• Simple asset allocation is often easier to sustain over the long term than a complex investment strategy and is also more likely to achieve the desired result.

Long-term investment profits are certain; the process is uncertain

• Long-term investment profits are certain. The process is uncertain.

• Ignore every kind of market analysis. Do not become greedy when prices rise or panic when they fall. Only then can you truly hold steadily for the long term.

• Being ignorant of the market makes long-term investing more likely to succeed! The more you understand, the worse your performance!

• Investing requires this mindset: "Only mediocrity attracts no envy; have the courage to be disliked; persist in doing what is right and do not argue with others; facts speak louder than words, and time will ultimately prove everything. Raise your mental energy; stability is the key to long-term victory."

The law of attraction: first imagine yourself wealthy

• The law of attraction: first imagine yourself wealthy. Your thoughts will follow, and the direction of your attention and actions will gradually move toward that goal.

• Wealthy people think about mansions, private aircraft, five-star hotels, blue skies, and clean white beaches. They focus on creating value rather than scarcity and fear.

The United States does not have enormous foreign exchange reserves

• The United States does not have enormous foreign exchange reserves because the dollar itself is the world's main reserve currency. The United States can provide global liquidity by issuing dollars, while many other countries must export goods and work day and night to earn dollars.

• Market volatility is a natural phenomenon in financial markets. There is no need to find a reason for every rise and fall, and short-term fluctuations should not cause you to trade frequently for price differences.

• When market panic reaches an extreme, remain even calmer. A powerful rebound can occur at any moment. Missing the most important rebound days is often why long-term investment performance falls behind.

• The real loss is being out of the market when it rises. Short-term losses will recover; the $100 QQQ no longer exists.

Someone will always say the market is too dangerous and QQQ is too high

• Someone will always say the market is too dangerous and QQQ is too high. The market never lacks frightening claims and bearish analysis.

• Only one thing truly made me wealthy: buying, holding, and never selling.

• Do not touch investments you do not understand. Do not ask me about stocks or products I have not recommended. If you do not understand it yourself and still need to ask someone, do not do it. The simpler the investment, the easier it is to succeed over the long term.

• I recommend following clec168 on X so it will be easier to receive notifications when new videos and information appear. You can also leave questions on X or Facebook, or email me directly.

Knowledge is power

• Knowledge is power. Learning enough financial knowledge lets you recognize that everything outside is filled with demons and monsters.

• Financial advisers deceive, deceive, deceive. A friend recently took out a real estate loan, and the adviser said the money could not be used for anything else and could only buy the adviser's financial products. Is that not a huge deception?

Young people should not rush to buy a home

• Young people should not rush to buy a home. Real estate is an extremely risky asset: high risk and low liquidity.

• If you lose your job or your income is interrupted and you cannot pay the mortgage, the home may face foreclosure.

• Even if you hold the home successfully, unexpected problems may follow, including earthquakes, leaks, cracked walls, broken pipes, broken water heaters, and many kinds of repair expenses.

• A home only becomes older and less suitable to live in as time passes.

• Living quality may not be under your control either. You may encounter noise, bad neighbors, poor management, fallen trees, other accidents, or changes in the social environment. Once these problems occur, a home cannot be sold immediately like a stock and is often difficult to dispose of quickly.

For most young people, before their financial foundation is secure

• For most young people whose financial foundation is not yet secure, it is better to accumulate assets and improve investing ability than to rush into decades of mortgage debt. Waiting until finances are sounder before deciding whether to buy usually provides more choices and greater flexibility.

• When you have several billion in assets, spending one or two billion on a home as a consumer good is fine. You will not need to worry about having nowhere to live when you are older; your living environment will only improve.

• If you are wealthy, a home is a consumer good. If one collapses, buy another. Buying a home is like buying slippers. With several billion in assets, borrowing one hundred million from a bank to buy a home does not use your own assets at all. Poverty limits your imagination!

• The key is to make the right investments while you are young.

Except for older investors in Taiwan who have few assets

• Older investors in Taiwan who have few assets and may find it difficult to rent after selling should consider keeping the home they already bought.

• The principle for selling is that you always have enough assets to buy a home. Once a home is a consumer good rather than an investment to you, you can consider selling your property. Having no home gives you freedom in where you live, just as buying a car is consumption!

• If you are over 50 and your assets have reached more than NT$60,000,000, buying a home is simple. If renting is still easy, rent and sell the property. At an age when renting becomes inconvenient, retirement options can include luxury hotels and senior communities. Several landlords have told me they will rent to someone with money; prepay one year's rent. Or wait until you are older and have more than one hundred million in assets, then consider buying a suitable home as a consumer good!

• If you are still young, have decades before retirement, and can rent easily, do not buy a home. If you already own one, sell the real estate you now hold as soon as possible. In the future, when you have several billion in assets, buying a home will be as easy as buying slippers. That is life. In the future, real estate in many places may have no one living in it and may not even be rentable.

Young people should not buy a home

• Young people should not buy a home!

• A middle-aged person who is very wealthy does not need to own a home!

• A middle-aged person with no money cannot own a home!

• A middle-aged person with some money may own a home!

The market rises every day; it is wonderful and joyful

The market rises every day; it is wonderful and joyful.

🍂🌷🌹🌸🌼🌺🌻

🌞💫✨🌟🌈🌈❤️

CLEC Investment and Wealth Management Channel published the "Ten-Billion-Dollar Investment Lecture" on X

• 00694, 2026 Investment First Lesson, "Ten-Billion-Dollar Investment Lecture," Chapter One, May 5, 2026.

• https://x.com/CLEC168/status/2071329516484796535/video/1?s=66

• 00695, 2026 Investment First Lesson, "Ten-Billion-Dollar Investment Lecture," Chapter Two, May 6, 2026.

• https://x.com/CLEC168/status/2071585253316313318/video/1?s=66

• 00696, 2026 Investment First Lesson, "Ten-Billion-Dollar Investment Lecture," Chapter Three, May 7, 2026.

• https://x.com/CLEC168/status/2071585566735700473/video/1?s=66