I'm telling you, investing regularly in the S&P 500 and Nasdaq 100 through Alipay and holding for 10 years is all you need to do.

There are always brothers thinking about switching to USD, opening accounts in Hong Kong today, then setting up US accounts tomorrow, and all kinds of fancy moves.
They think this is more professional, more advanced, and can make more money.
Honestly, apart from transaction fees, there's basically no difference.
If you love to tinker, go ahead, I can't stop you, but I suggest you not to mess around blindly.
01) The returns are really not that different
QDII ETFs on Alipay track the same index.
The S&P 500 still consists of those 500 companies, and the Nasdaq 100 still has those 100 companies.
Whether you buy on Alipay or on the Hong Kong Stock Exchange, the underlying assets are exactly the same.
Fee rates differ: management fees on Alipay are 0.5%-0.8%, while ETFs on the Hong Kong Stock Exchange might be 0.03%-0.2%.
But this small difference in fees has limited impact over the long term.
If you spend time and effort on currency exchange, account opening, and cross-border transfers just to save that tiny fee difference, those costs will already surpass the fee savings.
02) If Alipay has issues, just contact customer service
This is what I value most.
If Alipay has problems, you can resolve them by contacting customer service.
If a Hong Kong bank account has issues, it’s much more troublesome to fix.
I have a friend who opened a Hong Kong account last year, and his bank card was locked, so he couldn’t withdraw money.
He called Hong Kong, and the customer service said he needed to go to the branch in person.
He’s mainland China, so he had to fly to Hong Kong, spend thousands on flights and hotels, and take time off work.
In the end, it took two months to resolve.
Tell me, is it worth it just for that tiny fee difference?
03) Don’t overestimate your operational skills
Many people open accounts in Hong Kong because they want to manage everything themselves, thinking it’s more flexible.
They want to short sell, leverage, and use options.
Let me tell you, the more tools you have, the faster you’ll die.
You think you’re investing, but you’re actually gambling.
Shorting Nasdaq? The index has an annualized return of over 10% in the past 40 years. Shorting it is like fighting against human technological progress.
Leverage? In 2022, Nasdaq dropped 33%, and with triple leverage, you get liquidated immediately.
Options? Time decay can cause losses even if your direction is correct.
These tools are meant for professional institutions, not for ordinary people.
04) Simplicity is the hardest to achieve
Warren Buffett said, investing is simple but not easy.
The simplicity lies in buying good companies and holding them long-term.