Please remember one thing deeply in your heart: we are professional investors. How professional? The way I teach you to invest is exactly what Phil Town used to manage his own portfolio and hedge funds over many years — and the same disciplined approach used by top investors on the planet like Warren Buffett and Bill Ackman, etc. We are not amateur investors who passively put money into ETFs without understanding what they are doing, follow the herd, sell in fear, and buy in greed. We are financial crocodiles — calm, patient, and high-conviction — based on a deep understanding of the businesses we invest in. We don’t need to spread our money across hundreds of companies. We don’t just buy and hold and "make a wish". We do the opposite. And as individual investors, we actually have an advantage — we can wait, we can be extremely patient, and we can strictly follow our rules, because we don’t have to show a "performance report" to anyone every month. This is how serious money is made over time, and this is what a professional investor looks like. I learned everything from Phil Town years ago and still have weekly sync-ups with him and his team. From what I’ve seen, he stays within a very consistent framework and long-term discipline — the same principles I teach you. He is someone I deeply respect because he follows his rules strictly and looks at everything on a 10-year time scale — even now he's 78. Last week was just an overview of our investing system and some pholosophies. From Session 2 on, we’ll start diving deeper — and it only gets more interesting from here. See you at 4:30pm Sydney time today! Please join 5 minutes earlier as we will start from 4:30pm sharp. I’ll go more slowly today and pause every 1–2 slides to take questions and make sure you get it. Your future self will thank you for spending your time — while others are lying around — on what truly matters for your future. Wendy

We are in a business that buys fear and sell to the greed. We need to understand the the pressure on an institutional fund manager is so intense that it shapes the entire stock market, the short term perspective happens because the fund managers don't want to lose their job. That's the huge advantage of us who manage our own money. We can wait, we can sit in cash when we cannot find companies to put that cash into, we can see things in the long run. If we could find wonderful companies at great price, we don't care what the market's doing. It doesn't matter what the market's doing. Managing portfolio is right back to the Rule One basics. It comes down to the simplest kinds of things that require a great deal of discipline. And those things are simply to make sure that you are really understand the business, that it has a protective moat that protects it from competition. And that the management is honest. If you've got those things, you should be able to put a reasonable price on this business. You're not going to get it perfect, but you get a reasonable price. And when you get a reasonable price, you discount it dramatically and buy it at a margin of safety. This is not the kind of investing where a high IQ beats a lower IQ or an average IQ. And this week we're all happy to see why the word "discipline" comes in here. Because it requires discipline. Strictly follow our rule to remain emotionally confident, that's the only way to make money in the long run and have a peace of mind. :)

These few days in the US market are another reminder of how volatile it could be. But if you have our right system, skill and mindset — and the discipline to strictly follow the rules — you should be sitting on plenty of dry powder, sleeping tight at night, even getting more excited, happily watching great companies drift down into “back up the truck” price zones. For me, the #1 priority in life is sleeping well every night. I simply don’t touch anything that would make me anxious or hurt my sleep quality. That’s exactly the philosophy behind what I teach - build solid returns and designed for peace of mind. In US stocks — and really, in any investment field — there aren’t many reliable paths to consistent profits and true long-term compounding. The combination of long-term value investing and options trading is a super powerful approach. And our options trades are built on high-conviction — not blind bets at all. People who truly understand our method and follow the rules that I teach you will have a huge edge over the majority. While those who don’t, just chase news, follow noise, and trade on emotion — and sooner or later give back both their profits and their principal. Keep learning, Stay disciplined, Wendy

1. Open your IBKR account using my referral link. It will be a US account, so you’ll need to convert your funds to USD before depositing. https://ibkr.com/referral/wenyi422 2. Fill in your personal info to open the account, better to open a "margin" account (account type: trading), instead of "cash" account (account type: investment). 3.provide details about your income, net worth, and investing experience. We need option level 3 permission, please refer to the attached screenshots — I think they should be sufficient. (pic 1 and 2) 4.Apply for option permission: 1️⃣ Open the IBKR website → log in to your account 2️⃣ Go to the Client Portal (account dashboard) 3️⃣ Click your profile icon in the top right corner → select "Settings" ->"Trading permission" -> "Request Option" (see picture 3-5) 5. How to funding Your Account: Once your account is ready, you’ll need to fund it with USD. Steps: IBKR website -> login to your account -> Transfer & Pay -> Transfer Funds -> Deposit Funds Then follow the instructions; (pic 6) Based on different currency selections, there are different methods to fund your account. (pic 7). For example, if you're using AUD, then you can transfer from WISE balance or even BPAY; If you need to convert your currency to USD, I recommend to use CurrencyFair. It’s the cheapest way I’ve found, and once you set it up, it’s super easy. My referal link：https://www.currencyfair.com/rafland/?channel=R7JA81 Let's Rock and Roll! Wendy

Do we set up an Australian account and use AUD, do we convert USD to send to this, or do we set up a US IBKR account and send USD?