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

Related Materials

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

Document Text

Earnings Reports from Major U.S. Technology Companies

• https://chatgpt.com/share/6a6d9964-dd18-83ee-a38f-9f2ca48fec22

Over the Long Term, the Market Only Rises

Clubhouse, Easy Talk on Investing

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

August 1, 2026

X Platform, Video No. 00576

Screenshot of an X Platform Post

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.

Latest Videos, Posts, and Website News

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

• Watch the latest videos directly on clec168.com: https://clec168.com/video

• The latest CLEC Investment and Wealth Management website collects information from multiple CLEC platforms in one place. It is accessible from mainland China, and the language can be selected at the top right: https://clec168.com

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.

Leave a Comment or Send an Email If You Have Questions

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.

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!

Follow, Comment, Repost, and Subscribe

• Follow, 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.

Investment Horizon and Asset Allocation

• Investing must be long term. Any investment period shorter than fifteen years may face a loss.

• Based on past history, there has been no record of a loss when the investment period exceeds fifteen years.

• Therefore, only money that will not be needed for more than fifteen years is suitable for the stock market; otherwise, use asset allocation that can withstand an investment period of more than fifteen years.

• If you are approaching retirement and have fewer than fifteen years, you must use asset allocation and retain enough cash to withstand a market decline.

• We do not know when winter will arrive, but if we ordinarily prepare enough food, we can get through the winter with peace of mind.

True Wealth Is an Endless Stream of Cash Flow

• True wealth is not how much money is in an account, but a continuous, lasting stream of cash flow.

• With sound asset allocation and a reasonable annual withdrawal rate, assets may be maintained for the long term and may even last a lifetime.

• Cash flow can come from short-term Treasury bonds, dividends from high-dividend investments, selling part of one's stock assets, or borrowing against pledged stock.

• Always having cash flow and never worrying about running out of money is more important than pursuing investment performance.

Long-Term Bonds Cannot Serve as a Cash Position

• Long-term bonds (10, 20, or 30 years) are as volatile as the stock market, but their long-term returns are far lower. They are high-risk, low-return assets and should be avoided.

• 00865B is equivalent to a cash position and has very low principal volatility. Long-term bonds are highly volatile and may fall by 50% or more, so they cannot be treated as cash.

• An emergency reserve is cash. If an asset can fall by 50%, it is not cash and cannot serve as an emergency reserve. Long-term bonds may fall by more than 50%.

Make Investment and Financial Knowledge Inexpensive

• We want to make investment and financial knowledge as inexpensive as everyday vegetables!

• No one should be able to sell investment and financial courses at high prices anymore!

• Let everyone obtain the correct path to wealth for free!

• As long as anyone still sells investment and financial knowledge at high prices, we will keep working!

QQQI Is a Transitional Asset

• Lynn proposed last week that QQQI is a transitional asset that will ultimately be sold. This idea is worth considering and represents innovative thinking.

• For people in regions without capital-gains tax who have insufficient funds, have reached only 17 times annual expenses, and are preparing to retire, holding QQQI during the transition may provide cash flow through a U.S. brokerage account.

• When assets grow to 33 times annual expenses, sell QQQI and transfer to a non-U.S. broker to avoid the estate-tax risk of keeping a U.S. brokerage account for the long term. Then reallocate assets and return to a long-term investment plan.

QQQI Dividend Margin of Safety

• In recent years, QQQI's share-price range has been approximately $41 to $57.

• Share-price decline: (57 - 41) / 57 = 0.281, or approximately 28%.

• Monthly dividend range: $0.531 to $0.657.

• Dividend yield at the market low: (0.531 × 12) / 41 = 0.155, or approximately 15.5% (the dividend yield is higher at the market low).

• Dividend yield at the market high: (0.657 × 12) / 57 = 0.138, or approximately 13.8%.

• Difference between the high and low dividend: (0.657 - 0.531) / 0.657 = 0.192. The dividend decreased by approximately 19%, which can be treated as 20%.

• Conclusion: the market fell by approximately 30%, while the dividend fell by approximately 20%.

Use a 10% Dividend Yield as a Conservative Estimate

• If the market falls by 50%, then 50% × (2 / 3) = 33.3%; the dividend may decrease by approximately 30% to 33%.

• If the monthly dividend at the high is $0.657, then 0.657 × 70% = 0.46.

• When estimating future dividends, use 70% of the high dividend as the calculation basis to retain an adequate margin of safety.

• (0.46 × 12) / 57 = 0.0968. Using a 10% dividend yield as the basis for estimating QQQI may be a relatively conservative and safe approach.

• For a high-dividend retirement strategy, a conservative estimate is to invest approximately 12 times annual expenses in QQQI, rather than the previously suggested 10 times. Excess dividends can continue to be invested in QQQ (00662) so the assets keep growing.

Allocation with Retirement Assets Equal to 15 Times Annual Expenses

• Invest 12 times annual expenses in QQQI.

• Invest 2 times annual expenses in QQQ (00662).

• Allocate 1 times annual expenses to a money market fund.

• This asset allocation should make retirement relatively stable.

• Accumulating 17 times annual expenses before retiring would be even better. The suggestion remains to invest 12 times annual expenses in QQQI and allocate the rest to QQQ (00662) and a money market fund, balancing cash flow with long-term growth.

Calculate Retirement Assets at Their Highest Market Value

• The simulation assumes that retirement begins in the same month the market reaches its high, followed by three consecutive years of decline and a maximum drawdown of 80%. This is the stress test for retirement assets.

• If the market is currently down 20% from its high and you are preparing to retire, divide the market value of the stock (QQQ) portion of a 70/30 allocation by 80% (0.8). This converts it to the value at the market high, which then becomes the basis for calculating retirement assets.

Example with 30 Million in Retirement Assets

• The market is currently down 20% from its high, and retirement assets total 30 million.

• 30 million × 70% = 21 million invested in QQQ.

• 30 million × 30% = 9 million allocated to a money market fund.

• Convert QQQ's market value back to its value at the market high: 21 million ÷ 80% = 26.25 million.

• Add the 9 million money market fund that was unaffected by the market. Total retirement assets at the market high equal 26.25 million + 9 million = 35.25 million.

• With a 70/30 allocation and a 3% withdrawal rate, the annual amount available is 35.25 million × 3% = 1.0575 million.

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