The core proposition is simple and pure: buy index funds, hold for the long term, and never sell. Verified over long stretches of time, this simple approach can bring the ordinary person enough wealth to reverse their fate.

(This page is a resource guide compiled by the editor of the CLEC Compendium from the CLEC investment channel’s public videos, lecture materials, and tools commonly used within the community. Its purpose is to help readers return to the original sources and verify the investment logic for themselves. This page is not an official authorization statement from CLEC or Teacher James; where the content is inconsistent with CLEC’s original videos, lecture materials, or official announcements, the original sources shall prevail.)

An Investment Philosophy of Understanding and Controlling Risk

The main threads of the CLEC investment philosophy, as compiled in this book, are as follows:

• We do not recommend treating savings-type or investment-type insurance and annuity insurance as a primary tool for asset growth. These products commonly carry high fees, poor liquidity, and low returns, with an enormous opportunity cost (over the same period, putting the money into an index fund could differ by tens of times). If the goal is long-term capital growth, they are usually inferior to low-cost index funds.
• Pure-protection insurance (term life, accident, indemnity-based medical, compulsory automobile liability, and third-party liability insurance) can serve as an extremely low-cost tool for transferring catastrophe risk (see CH05).
• CLEC’s main thread does not use long-term bonds as the defensive core for the ordinary investor; the defensive position should give priority to short-term bonds, cash, or cash-like instruments, in order to reduce the harm that interest rates and inflation do to principal.
• Understand risk, recognize risk, control risk.
• Keep cash as the defensive core, and keep an emergency reserve.
• After reserving the necessary emergency reserve, living cash, and defensive position, whenever you have money for long-term capital, buy the core index fund; buy anytime, and never sell no matter what.

CLEC’s Publicly Available Online Learning Resources

CLEC’s teaching and tools are entirely free and public; students may use them and verify them by hand for themselves. Beyond the weekly videos from the CLEC investment channel (YouTube), the following are the commonly used online resource entry points:

The “CLEC Lecture Materials Cloud Folder” holds the official presentation slides, the CLEC edition of the Bible of Personal Finance (traditional Chinese v3.3, with EPUB and audio versions as well), the Newcomer’s Grand Manual, and other core teaching materials; anyone who knows the link may view and download them.

“CLEC Lecture Materials Cloud Folder”:

http://u.pc.cd/Mx3italK

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

The “CLEC James Investment Channel GPT” is an assistive question-and-answer tool built by the community or by users after compiling public materials; it is not Teacher James himself, nor CLEC official customer service, nor a proprietary model. It can help look up concepts, organize allocation logic, and check calculations, but it can still make mistakes; major investment, tax, and legal decisions should return to CLEC’s original videos, lecture materials, the official materials of fund houses and exchanges, and the advice of qualified professionals.

“CLEC James Investment Channel GPT”:

https://chatgpt.com/g/g-Q8Y2TmEcq-clec-james-investment-channel

For more community-developed backtesting tools, third-party calculators, student-built AI question-and-answer assistants, and the Simplicity-Itself Excel spreadsheets, see Appendix 1, “CLEC Core Practical Tools” (most of these are compiled by the community or third parties and are not officially guaranteed correct by CLEC; before use, verify the formulas, data, and versions for yourself).

Recommended NASDAQ-100 Targets Around the World

Below are the common NASDAQ-100-type targets in various regions as compiled in this book (with QQQ as the core). These targets are not necessarily fully equivalent to QQQ; for product name, fees, distributions, taxes, trading counter, and listing status, please rely on the latest official materials from the local exchange and fund house:

CLEC’s Official Channel and Public Resource Entry Points

• YouTube channel: CLEC Investment and Personal Finance Channel

• Clubhouse exchange: @clecchairman US Pacific time: Saturday 7:00 am / Taiwan time: Saturday 10:00 pm

• Podcast: synced across Apple Podcast, Spotify, Amazon Music, and RSS platforms
• Facebook fan page: https://www.facebook.com/california.life.enrichment.club
• Bilibili: https://space.bilibili.com/491004348
• Contact: clec.hq.director@gmail.com

Recommended Resources and Further Reading (Community / Third-Party, Not Official CLEC)

The following is compiled by the editor as community and third-party content highly relevant to CLEC’s main thread. None of it is an official account of Teacher James, nor is any of it officially endorsed; it is offered only for further reading and cross-verification. Use your own judgment before relying on it, and treat CLEC channel’s original videos as authoritative.

Vocus:

• JerryC
• The Little Editor on the Road to Financial Freedom

YouTube:

• Chengfeng Linghang, “The Simplest Way to Invest”
• The Sergeant Major’s Lying-Flat Finance Notes
• The Investment Translator
• ETF Investment and Personal Finance Channel
• Wealth Whispers

Other websites:

• Bear Earns Well
• Silicon Valley Jushi