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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]00582 [Borrow Early to Get Ahead? Use Low-Interest Capital to Build Wealth While Young]00583 [Why Are You Still Afraid to Retire When You Have Enough Money? Think Through Life After Financial Freedom]
2026 Files
Hundred-Million Investment Life Lecture
X (Twitter)
Presentations2026

00578 [In Education, Parents Shape Their Children by Example; In Investing, Why Do We Not Follow Buffett?]

00578 [In Education, Parents Shape Their Children by Example; In Investing, Why Do We Not Follow Buffett?]

00578 [In Education, Parents Shape Their Children by Example; In Investing, Why Do We Not Follow Buffett?] cover
Number: 00578
Published: 2026-08-15
Pages: 30
Source filename: 00578【教育上，父母的身教決定孩子的未來；投資上，我們為何不學巴菲特？】日期：2026年8月15日簡報資料.pptx
Original file: Open file

Related Materials

  • Previous presentation: 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]

Document Text

CLEC Investment and Wealth Management on Baidu Netdisk

  • Baidu Netdisk extraction code: clec

  • https://pan.baidu.com/s/1GhXugopXwtAivGLJj4m7mQ?pwd=clec

  • Long-form content, James Talks, X articles, presentations, e-books, and The Wisdom of CLEC v1.14.2 are updated together.

  • Students using the free version of Baidu Netdisk may be unable to use AI video subtitles or audio-file subtitle features.

00578 Figure 1-1: CLEC folders on Baidu Netdisk 00578 Figure 2-1: Baidu Netdisk download page 00578 Figure 3-1: The Wisdom of CLEC folders 00578 Figure 3-2: The Wisdom of CLEC file list 00578 Figure 3-3: The Wisdom of CLEC e-book files 00578 Figure 4-1: CLEC materials and video page

YouTube Podcast Channels

  • The Wisdom of CLEC audiobook: https://www.youtube.com/playlist?list=PLYHvOuz0cowU

  • CLEC James's American Investing Journey—Origins and Today: https://www.youtube.com/playlist?list=PLREts30MBtkI

00578 Figure 5-1: YouTube Podcast channel list

The Market Only Rises Over the Long Term

Clubhouse Easy Investing Talk

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

August 15, 2026

X video number 00578

Invest Available Money Immediately at the Market Price and Never Sell

Invest available money immediately at the market price and never sell. Go to sleep after buying.

Which word do you not understand?

Stop asking whether you can buy this way or whether you should buy in batches.

Do not say that you will wait for a decline before buying. You are not a god.

Waiting is the dumbest strategy.

Surrender Any Insurance Policy Immediately and Invest for Yourself

  • Surrender any insurance policy immediately and invest for yourself. Your assets will add four zeros over your lifetime. If you recover one hundred thousand, it will become one billion over a lifetime. You can grow it into billions or tens of billions yourself; why leave it to decay at an insurance company?

  • Stop asking about policy loans. Do not borrow against an insurance policy; doing so compounds poverty.

  • No insurance, no insurance, no insurance. Stay away from insurance and from friends who sell insurance.

  • If you have insurance, go to a nearby branch and surrender it immediately. There is no need to argue with your insurance broker.

Investing Does Not Require Knowing Much; 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 just because you know more. The key is to buy whenever money is available and never sell.

Latest Videos, Posts, and Website News

  • Find the latest videos, posts, and news on 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 brings multiple CLEC platforms together: https://clec168.com

  • CLEC168 Investment and Wealth Management on Bilibili: https://space.bilibili.com/473957263

Presentation Handouts and Teaching Materials

  • The materials are divided into “Presentation Handouts” and “Teaching Materials.” Viewing and downloading are open to students who know the links.

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

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

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  • No registration is required, and friends in mainland China can download the files normally.

Leave a Message or Write an Email If You Have Questions

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

CLEC168 Investment and Wealth Management Bilibili Channel

  • The channel has been established and includes all videos, articles, and James Talks: https://space.bilibili.com/473957263

CLEC Investment and Wealth Management Baidu Netdisk Version 1.13.4

  • Baidu Netdisk extraction code: clec

  • https://pan.baidu.com/s/1GhXugopXwtAivGLJj4m7mQ?pwd=clec

  • Long-form content, James Talks, X articles, presentations, e-books, and The Wisdom of CLEC v1.13.4 are updated together.

  • Students using the free version of Baidu Netdisk may be unable to use AI video subtitles or audio-file subtitle features.

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 market's noise and fluctuations. Stay calm.

00578 Figure 15-1: Calm illustration

Disclaimer

Since July 2023, we have begun cancelling the company registration and nonprofit organization procedures for “CLEC Education Academy” and have changed all names to “CLEC Investment and Wealth Management Channel,” formerly “CLEC Investment and Wealth Management Education Academy.” We will still use CLEC. Please remember that anyone other than James Chen himself has no connection with us, and 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 communities. If someone invites you to join one, beware of fraud.

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

All information we provide is based on 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 carries high risk and can lead to significant 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 taking action. Invest cautiously and take responsibility 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.

Follow, Comment, Share, and Subscribe

  • Follow, comment, tap the heart, and share.

  • Remember to give Apple Podcast five stars.

  • Subscribe to receive real-time market messages.

The Market Will Always Keep Rising

The market will always keep rising. It only rises and never falls.

Beware of Fraud

Beware of people impersonating us. In posts and comments here, remember that we do not have WhatsApp.

Can You Share Your Views on Educating and Raising Children?

  • Written at 3:56 p.m. on July 4, 2026:

  • I have also been thinking about the purpose of education. Beyond examinations, how much does Taiwan's education system help children explore themselves, discover their interests, develop them, and contribute to society?

  • One of my children is one year old this year, and another is still in the womb and will be born in a month. I want to teach my children how to spend money meaningfully while growing their wealth, but I do not have a good way to begin.

  • Teacher, can you share your views on educating and raising children?

Education Has Always Been Education Through Conduct

  • Education has always been education through conduct. A child's earliest learning environment is the family, so the interaction between parents has a significant effect on the child.

  • In family relationships, children see how their parents interact and how you interact with your own parents. Expecting children to respect a parent who does not respect their own parents is chasing the impossible. How can parents who frequently quarrel expect a child to grow up psychologically healthy?

  • Do you meet, visit, and care for your parents regularly? Do you bring them to restaurants for meals and travel with them? Children see all of this. In a child's education, these actions shape the child's future relationship with you.

Since My Daughter Was Born, We Have Returned to Taiwan Every Winter and Summer Vacation

  • Since my daughter was born, we have returned to Taiwan every winter and summer vacation to meet relatives and organize trips for the entire extended family, including grandparents, uncles, aunts, and my daughter's cousins.

  • Now my daughter takes the initiative to invite us to travel and meets us every week for meals, coffee, and conversation. Without realizing it, you are teaching your children how to spend on family relationships and emotional energy.

  • Middle-class life in the United States is actually highly stressful. Taiwan's small pleasures can still bring considerable happiness, especially with its human environment and compact geography.

Living Between Taiwan and the United States

  • When living between Taiwan and the United States, anywhere is a good place to live if you have money. Being able to live in different places, look around, and use money to buy happiness matters more than where you first settle. Forced immigration is especially not worthwhile. A residence can always change, and money provides freedom of residence.

  • Parents' everyday teaching and extended-family interactions determine whether children feel family solidarity, whether siblings care for one another, and whether parents and children respect each other. Children are kites that do not need to be tied down with a rope: the relationship does not break, and they know the way home.

  • Capitalists are not affected by their surroundings or constrained by external values. They can live as themselves in any place or environment.

  • First watch YouTube, then read the handout, and then run the backtesting software. The software can import other files or accept your own asset-allocation simulation.

  • CLEC special topic, “Asset-Allocation Backtesting Software Tutorial,” December 30, 2025: https://x.com/CLEC168/status/2071748489223258225/video/1?s=61

  • Backtesting presentation: 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/

  • Pledged asset allocation without leveraged funds: https://drive.google.com/file/d/1oUX5vvwCBA7jWz9-a-Q0sIK3U4AH1Q3M/view?usp=drivesdk

  • 80/20 asset allocation without pledging, profiles_2025-12-30: 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

  • Updated U.S. asset allocation, profiles_2026-01-01.json: https://drive.google.com/file/d/1MfbKuGnlbzXXnie6QBQ1d--B5xsXGM1R/view?usp=drivesdk

I Do Not Recommend HSA or Pre-Tax Retirement Contributions for U.S. Residents

  • I do not recommend that U.S. residents contribute to an HSA or a pre-tax IRA / 401K. Contribute only to ROTH accounts.

  • Decide for yourself how to use your money. Do not let the government and banks decide how to use your funds. HSAs and pre-tax retirement accounts are fraudulent accounts: they save taxes up front but become a financial prison later.

  • Use only ROTH IRA / ROTH 401K retirement accounts.

We Are Not Buffett

  • We are not Buffett. Our investment philosophy is entirely different from Buffett's, although the long-term concept is the same.

  • Buffett selects individual stocks and waits for them to become inexpensive. We invest in indexes. We do not understand valuation or know the reasonable value of a country's index, so we do not wait for a reasonable valuation.

  • Investing in a Nasdaq-100 index fund is investing in humanity. Waiting for the market index to decline is like betting that humanity will stop progressing, become less capable or lazy, destroy itself, or regress so that you have a chance to buy at the bottom.

  • Waiting only destroys you.

The Simplest Asset-Risk Simulation

  • The simplest asset-risk simulation assumes that the market begins an 80% decline today, reaches that decline within three years, and does not return to its previous high for 15 years. Ask how you can avoid liquidation at the bottom and maintain uninterrupted cash flow, spending money, and the ability to live throughout those 15 years. It is that simple; no complicated simulation is needed.

The Market Rises Every Day; It Is Beautiful and Joyful

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

The Billion-Dollar Investment Lecture

  • CLEC Investment and Wealth Management Channel published “The Billion-Dollar Investment Lecture” on X.

  • 00694, 2026 First Investment Class, “The Billion-Dollar Investment Lecture,” Chapter 1, May 5, 2026: https://x.com/CLEC168/status/2071329516484796535/video/1?s=66

  • 00695, 2026 First Investment Class, “The Billion-Dollar Investment Lecture,” Chapter 2, May 6, 2026: https://x.com/CLEC168/status/2071585253316313318/video/1?s=66

  • 00696, 2026 First Investment Class, “The Billion-Dollar Investment Lecture,” Chapter 3, May 7, 2026: https://x.com/CLEC168/status/2071585566735700473/video/1?s=66

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]

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]

00579 [Children Become Adults, Parents Become Children: On Retirement Withdrawals, Slow Breathing, and the Rising Taiwan Dollar]

00579 [Children Become Adults, Parents Become Children: On Retirement Withdrawals, Slow Breathing, and the Rising Taiwan Dollar]

Table of Contents

Related MaterialsDocument TextCLEC Investment and Wealth Management on Baidu NetdiskYouTube Podcast ChannelsThe Market Only Rises Over the Long TermInvest Available Money Immediately at the Market Price and Never SellSurrender Any Insurance Policy Immediately and Invest for YourselfInvesting Does Not Require Knowing Much; Do Not Ask the FollowingLatest Videos, Posts, and Website NewsPresentation Handouts and Teaching MaterialsLeave a Message or Write an Email If You Have QuestionsCLEC168 Investment and Wealth Management Bilibili ChannelCLEC Investment and Wealth Management Baidu Netdisk Version 1.13.4Market Volatility Has Nothing to Do with MeInvestors Are Always Extremely OptimisticFollow, Comment, Share, and SubscribeThe Market Will Always Keep RisingCan You Share Your Views on Educating and Raising Children?Education Has Always Been Education Through ConductSince My Daughter Was Born, We Have Returned to Taiwan Every Winter and Summer VacationLiving Between Taiwan and the United StatesI Do Not Recommend HSA or Pre-Tax Retirement Contributions for U.S. ResidentsWe Are Not BuffettThe Simplest Asset-Risk SimulationThe Market Rises Every Day; It Is Beautiful and JoyfulThe Billion-Dollar Investment Lecture