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00547 [The real risk is not a downturn; only asset allocation that passes stress tests can survive.]00548 [Why can QQQI dividends feel stable and reassuring? The key is asset allocation and managing human nature, not the payout itself.]00549 [Investing is about choosing a system, not a ticker: non-U.S. tax residents should avoid U.S. accounts, stop worshiping bargain hunting, and young investors should avoid high dividends.]00550 [Not everyone is suited to getting rich with borrowed money; temperament matters more than returns.]00551 [Three fatal problems with Pre-Tax IRA accounts: RMD, high tax rates, and double taxation.]00552 [The fatal risks you may not know: without this, investing is hollow; taxes, inheritance, and misallocation.]00553 [How to use a QQQI + 433 allocation to build retirement cash flow with assets equal to 15 times annual expenses.]00554 [Born into capitalism: people trapped in the maze, and people with a map.]00555 [From worker to capitalist: boarding the ark of capitalism.]00556 [Why not repay stock-backed loans? The larger your assets, the more money you can use each year.]00557 [If the market falls 80%, can you still hold on? The key is asset allocation.]00558 [Investing is not trading; it is risk management: upgrading your cycle thinking.]00559 [The essence of dollar hegemony; when retirement savings are insufficient, how can you build stable cash flow for retirement?]00560 [You are not losing to the market; you are losing to your emotions: the truth about retail investing.]00561 [The market is not hard; the problem is human nature: the harsh truth about investment cycles.]00562 [Buy whenever you have money and never sell: why most people cannot get back in once they sell.]00563 [There is no standard answer in investing: from change to awakening, find your own path in life.]00564 [The greatest risk in life is not volatility, but living your whole life without assets.]00565 [Waiting is the dumbest investment strategy. You are not a god; buy at the market price now.]00566 [What makes PAL powerful: if you can avoid repaying the debt, do not repay it, so assets can pass from generation to generation.]00567 [Wealth is a gift: QQQ will eventually reach one thousand, ten thousand, and even one million.]00568 [Those who can change themselves are extraordinary; those who try to change others are deluded: after financial freedom, stop trading your life for trash.]00569 [Once you have assets worth 15 times annual expenses, stop selling your life for money; the broom of a Tibetan monk woke up countless lives.]00570 [Investing can make you wealthy, but relationships are what truly determine whether you are happy.]00571 [The truth about financial freedom: early retirement does not come from pinching pennies. In the AI boom, you need a Han Xin troop-counting starter-capital strategy.]00572 [The Investor's Declaration of Financial Independence]00573 [Only One Thing Truly Made Me Wealthy: Buy, Hold, and Never Sell!]00574 [Consumption Is the Mother of the Economy; Spending by the Wealthy Is a Virtue!]00575 [What Truly Teaches You Is Not the Result, but the Process!]00576 [Waiting Is Not a Strategy; Buying and Holding for the Long Term Is the True Path to Investing!]00577 [It Is Not Too Late to Invest in Your Sixties or Seventies: From 17 Times Annual Expenses and Pre-Retirement Credit Loans to QQQI Asset Allocation]00578 [In Education, Parents Shape Their Children by Example; In Investing, Why Do We Not Follow Buffett?]00579 [Children Become Adults, Parents Become Children: On Retirement Withdrawals, Slow Breathing, and the Rising Taiwan Dollar]00580 [Nvidia's Strong Earnings: Do Not Get Off the QQQ Train Too Easily—A Full Analysis of Retirement Allocation and the Investor Mindset]00581 [Do Not Blindly Trust AI or Neglect Your Partner: Give Yourself a Break and Rediscover Happiness and Freedom]
2026 Files
Hundred-Million Investment Life Lecture
X (Twitter)
Presentations2026

00575 [What Truly Teaches You Is Not the Result, but the Process!]

00575 [What Truly Teaches You Is Not the Result, but the Process!]

00575 [What Truly Teaches You Is Not the Result, but the Process!] cover
Number: 00575
Published: 2026-07-25
Pages: 26
Source filename: 00575【真正教會你的，不是結果，而是過程！】日期：2026年7月25日簡報資料.pptx
Original file: Open file

Related Materials

  • Previous presentation: 00574 [Consumption Is the Mother of the Economy; Spending by the Wealthy Is a Virtue!]

Document Text

Visit X for the Latest Videos, Posts, and News

  • Visit X (Twitter) for the latest videos, posts, and news: https://x.com/clec168
00575 Figure 1-1: CLEC Investment and Wealth Management Channel page on X

The Origins and Today of CLEC Audiobook Podcast

  • The complete e-book collection, volumes 1 through 91, has been converted from text to audio. Items 00001 through 00020 are existing YouTube videos.

  • E-book download: https://cfnavi.org/karma-download

  • YouTube Podcast: https://cfnavi.org/karma-ytpodcast

  • Spotify Podcast: https://cfnavi.org/karma-spodcast

  • Apple Podcast: https://cfnavi.org/karma-apodcast

CLEC Teaching-Material Organization Skill

  • Share this with students who use Claude or Codex: https://u.pcloud.link/publink/show?code=XZMInc5Z0MJvN44nOlLtU0LgIVvkkSq2cfrV

Over the Long Term, the Market Only Rises

Clubhouse, Easy Talk on Investing

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

July 25, 2026

X Platform, Video No. 00575

Buy Investable Money Immediately at the Market Price and Never Sell

Buy investable money 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 or other instruments I have not mentioned.

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

  • Do not ask when the market will fall or 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.

Presentation Handouts and Teaching Materials

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

  • Short URL: http://u.pc.cd/Mx3italK

  • Same location: https://u.pcloud.link/publink/show?code=Mx3italK

  • "Presentation Handouts" short link: https://pse.is/9cal8k

  • "Presentation Handouts" long link: https://u.pcloud.link/publink/show?code=kZHbTr5ZoHoc9XwCqkXalpr17rjG2keBGvBX

  • "Teaching Materials" short link: https://pse.is/9cal8x

  • "Teaching Materials" long link: https://u.pcloud.link/publink/show?code=kZQbTr5ZE2GWjjajXERLzYfWVMTIPQccDmRy

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

CLEC Investment and Wealth Management Website and Contact Details

  • Visit X (Twitter) for the latest videos, posts, and news: https://x.com/clec168

  • CLEC Investment and Wealth Management: https://clec168.com

  • 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!

  • Everything has nothing to do with me!

  • Ignore the market's noise and fluctuations! Stay at ease.

00575 Figure 10-1: Market volatility has nothing to do with me; stay at ease

Disclaimer

Since July 2023, we have begun the process of canceling the company registration and nonprofit organization of "CLEC Education Academy" and have changed every name to "CLEC Investment and Wealth Management Channel," formerly "CLEC Investment and Wealth Management Education Academy." We will 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 involve no profit-making activity. We do not have any discussion groups or clubs. If someone invites you to join one, beware of scams.

For more than twenty years, we have remained committed to volunteer teaching and have never profited from it. Do not believe any paid investment advice. Although ads may appear on YouTube videos, we cannot control them and do not profit from them.

All information we provide is only a sharing of personal experience and is not advice from a professional Certified Financial Advisor or Planner. Investment decisions should be based on personal research and should not rely solely on video content.

Investing is high risk and may cause substantial losses. If you cannot tolerate a loss of more than 10% in the short term or a decline of more than 20% over several years, you are advised not to invest. Protect your cash flow and fully understand our investment philosophy before acting. Invest cautiously; you are responsible for every decision.

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, Repost, and Share

  • Subscribe, comment, press Like, repost, and share.

  • Remember to give five stars on Apple Podcasts.

  • Subscribe to receive real-time market information.

The Market Keeps Rising Forever

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

Beware of This Clubhouse Scam Account

This ID is a scam, and the person changes IDs frequently.

00575 Figure 15-1: Clubhouse scam-account warning screenshot 100575 Figure 15-2: Clubhouse scam-account warning screenshot 200575 Figure 15-3: Clubhouse scam-account warning screenshot 300575 Figure 15-4: Clubhouse scam-account warning screenshot 400575 Figure 16-1: Impersonation scam warning screenshot on X 100575 Figure 16-2: Impersonation scam warning screenshot on X 2

What Truly Teaches Us Is the Event Itself

  • Many events in life do not teach us through their objective; what teaches us is usually the event itself. Wealth does not teach us anything, but the process of pursuing wealth teaches us the most.

  • On a group trip, the destination does not teach us. The trip itself teaches us how to get along with others, understand them, and complete the travel plan.

  • The result of a sporting event does not teach us. Sports teach teamwork, sportsmanship, humility in victory, and resilience in defeat.

  • Becoming wealthy through investing does not itself teach us about life. Pursuing wealth teaches us about greed and fear, not being controlled by the market, and understanding and controlling risk when the market is most difficult. Everything in the market has nothing to do with me. Keep an ordinary mind, remain at ease, be happy when it rises, and comfortable when it falls.

Stay Comfortably in Our Own World

  • The world is not real. We do not need to debate with the outside world about who is right. Everyone is in their own cave and will not climb out to see the world outside. Stay comfortably in our world and ignore outside voices; this is healthier for body and mind.

  • Capitalism and national societies have never provided formal financial education because most people are not meant to understand it, so everyone obediently works as laborers.

  • The voices in the market come from the academic school. Expert investors rarely succeed, let alone the seductive noise of outside media.

  • There is no need to pay attention to outside information. Do not listen, do not look, and treat it as nonexistent. A peaceful mind is most comfortable.

Investment Information from ChatGPT Must Also Be Falsified

  • Even investment and financial information obtained from ChatGPT comes from academic book learning. Do not take it as truth. If academic investing cannot succeed, information produced by artificial intelligence is also useless to ordinary investors.

  • The world itself is the greatest lie. Ignore the noise, focus on researching your own path, frequently try to falsify your understanding, and confirm that it is true. Correct any problem. That is the most important and worthwhile use of time.

  • Believe what you believe and verify what you believe. This is simpler, more practical, and more effective than trying to prove others.

The Logic of Investing in QQQ

  • By investing in QQQ, we own one hundred companies. Every day they ship products, develop, solve problems, sell, receive revenue, and earn profits. Their value accumulates every day. This is the logic behind investing in the Nasdaq-100 Index.

  • The stock-price market has nothing to do with us!

Asset Allocation That Can Be Held with Confidence in Any Scenario

  • If the next bear market does not arrive for twenty years and the market keeps rising throughout that period, what asset allocation would be best?

  • If today is the market high and stocks will fall by 80% or more over the next three years, what asset allocation would you choose?

  • What matters is not preparing for only one scenario, but assuming that both may occur and each has a 50% probability. The ultimate investment question is which asset-allocation strategy is best.

  • Your task is to find an asset allocation that lets you eat well, sleep well, live without worry, earn money, and live well regardless of which scenario occurs, without changing your life because of market volatility.

  • Investing is not about making the most money. It is about holding with confidence in every scenario, staying alive, eating well, sleeping soundly, and having money to spend whenever you want. Market rises and falls, losses and returns, and everything in the market have nothing to do with me.

3451.HK Active Covered Call ETF

  • 3451.HK is the Global X Nasdaq 100 Covered Call Active ETF. It uses an active covered-call strategy and pays distributions monthly.

  • Based on distributions over the past year, it is similar to QQQI and is a good option in Hong Kong.

  • Cumulative distributions over the past 12 months were approximately HK$10.20 per unit. The current share price is approximately HK$79 to HK$80, for a trailing one-year dividend yield of approximately 12.8% to 13.0%.

  • For Hong Kong investors, 3451.HK is worth researching because it can provide a distribution level close to QQQI while avoiding the 30% U.S. dividend withholding tax faced when directly holding a U.S. ETF.

CLEC168 Investment and Wealth Management Channel on Bilibili

  • The CLEC168 Investment and Wealth Management channel on Bilibili has been established in its initial form: https://space.bilibili.com/473957263
00575 Figure 23-1: Desktop page of the CLEC168 Investment and Wealth Management channel on Bilibili 00575 Figure 23-2: Mobile page of the CLEC168 Investment and Wealth Management channel on Bilibili

iShares NASDAQ 100 UCITS ETF USD (Acc) (SXRV)

00575 Figure 24-1: SXRV search results

The Market Rises Every Day; It Is Beautiful and Happy

The market rises every day. It is beautiful and happy.

The One-Billion Investment Lecture

  • The CLEC Investment and Wealth Management Channel published "The One-Billion Investment Lecture" on X.

  • 00694, the first chapter of the first investment lesson of 2026, May 5, 2026: https://x.com/CLEC168/status/2071329516484796535/video/1?s=66

  • 00695, the second chapter of the first investment lesson of 2026, May 6, 2026: https://x.com/CLEC168/status/2071585253316313318/video/1?s=66

  • 00696, the third chapter of the first investment lesson of 2026, May 7, 2026: https://x.com/CLEC168/status/2071585566735700473/video/1?s=66

00574 [Consumption Is the Mother of the Economy; Spending by the Wealthy Is a Virtue!]

00574 [Consumption Is the Mother of the Economy; Spending by the Wealthy Is a Virtue!]

00576 [Waiting Is Not a Strategy; Buying and Holding for the Long Term Is the True Path to Investing!]

00576 [Waiting Is Not a Strategy; Buying and Holding for the Long Term Is the True Path to Investing!]

Table of Contents

Related MaterialsDocument TextVisit X for the Latest Videos, Posts, and NewsThe Origins and Today of CLEC Audiobook PodcastCLEC Teaching-Material Organization SkillOver the Long Term, the Market Only RisesBuy Investable Money Immediately at the Market Price and Never SellCancel and Surrender Every Insurance Policy Immediately, and Invest the Money YourselfYou Do Not Need to Know Much About Investing; Do Not Ask the FollowingPresentation Handouts and Teaching MaterialsCLEC Investment and Wealth Management Website and Contact DetailsMarket Volatility Has Nothing to Do with MeInvestors Are Always Extremely OptimisticSubscribe, Comment, Repost, and ShareThe Market Keeps Rising ForeverWhat Truly Teaches Us Is the Event ItselfStay Comfortably in Our Own WorldInvestment Information from ChatGPT Must Also Be FalsifiedThe Logic of Investing in QQQAsset Allocation That Can Be Held with Confidence in Any Scenario3451.HK Active Covered Call ETFCLEC168 Investment and Wealth Management Channel on BilibiliiShares NASDAQ 100 UCITS ETF USD (Acc) (SXRV)The Market Rises Every Day; It Is Beautiful and HappyThe One-Billion Investment Lecture