Author: Dr Wealth

How Defensive Portfolios Weather the Covid-19 virus

How Defensive Portfolios Weather the Covid-19 virus Skip to content From 24 January 2020, everything changed when it came to the Singapore Stock Market. Local investors, recognising that the COVID-19 virus would have a serious negative impact on the global economy, started turning bearish with the STI index falling from 3,240 to 3,170. This signalled the beginning of gloomier market sentiments that has lasted right up till today. The broad ERM portfolio is a...

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4 Free Tools To Effortlessly Monitor Your Stocks

Many investors subscribe or at least follow the social media of a handful news publications to receive updates about the financial markets. Bloomberg, Financial Times, The Business Times and The Edge Singapore come into mind, but this isn’t the best way to follow the development of companies if you are a stock investor. #1 – The first reason being that the news publications would take time to write the stories and get them approved for publishing. It will take at least hours from the first release of the information to get published in the press. You would want to...

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The 4 Essentials of Any Dividend Stock

The 4 Essentials of Any Dividend Stock Skip to content Author: Irving Soh | Date: February 24, 2020February 24, 2020 All of us know and love the power of dividend stocks. These companies provide recurring cash flow to investors which is an easy mechanism to exploit when it comes to compound growth – just reinvest your dividends alongside your yearly capital injections and voila! Growth achieved. That’s how Chris Ng...

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Evaluating Options to Grow Your Wealth

Evaluating Options to Grow Your Wealth Skip to content Author: Irving Soh | Date: February 23, 2020February 24, 2020 If you were born at the turn of the 20th century, there is no question that you have it better than your parents when it comes to available options to grow your wealth. Yet, the plethora of options we have available to us today also mean that we must select...

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How to build your own perpetual cash machine

Retirement is a subject that everyone is concerned about. It often evokes mixed feelings in people. On the bright side, we are looking forward to the freedom to do what we love or to simply just relax. On the other hand, we are worried if we are able to sustain our lifestyle without income from work. It is to address this worry that annuity products came about. What is an Annuity? Annuities can be a complex subject that encompasses cashflows, rate of returns and actuarial science. But the objective is simple. It is basically to use the time while...

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Value Investing: Taking a Look At Some Undervalued Stocks, Dumpster Diving, Mean Reversion & Market Cycles

Value Investing: Taking a Look At Some Undervalued Stocks, Dumpster Diving, Mean Reversion & Market Cycles Skip to content Author: Irving Soh | Date: February 20, 2020February 20, 2020 Some notes before we begin: Another note, my valuation strategy is mostly derived as our CNAV strategy. Case studies on its application can be found here, here, and here. We discuss this strategy and do a demonstration live here....

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Our Quantitative Investing Portfolio Performance Update

Masters of Science in Wealth Management, SMU Bachelor of Civil Engineering (2nd Upper Class) from NUS Patrick is a portfolio manager of a systematic hedge fund. He has extensive experience, having spent more than a decade in the asset management and banking industry working through various roles since 2005. These include managing private client portfolios, covering hedge fund clients for equity derivatives products and strategy, product control on derivative and structured products and fund management. Prior to all these, he started out his first career in the civil service in 2000. After building up his initial savings, he started...

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Value Investing: Not Dead Yet, There’s Light At the End of the Tunnel

note*: I define value investing here by the act of buying companies that are undervalued substantially as compared to their assets. By definition, all investing should be value investing. But I hope this clarifies it more clearly. There have been remarks that value is dead or that growth has beaten value and if you continue to be a value investor, you’re just a fool. I believe most of this is just a style discussion, but I also believe value investors will see the light of day soon as they exit the dark tunnel of growth. (although it is also inaccurate...

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Singapore Exchange: Growing, Growing, and Growing

Singapore’s sole stock exchange has evolved over the years into a multi-asset powerhouse. We take a deep dive into SGX’s history and also see what the future has in store for investors. Background Singapore Exchange Limited (SGX: S68), or SGX, is Singapore’s sole stock exchange operator. The group provides and operates a platform for investors to buy and sell securities such as fixed income, equities, derivatives and foreign exchange. SGX also provides listing, trading, clearing, settlement and data services and offers both commodities and currency derivative products. Being the only stock exchange in Singapore, SGX enjoys a natural monopoly....

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Risk Parity: For Those Who Know They Need to Invest Yet Protect Their Capital Well

2020 only just started. But for many stock investors, it may seem like an eternity. Just 3 days into the new year, a dreaded piece of news greeted the markets. The United States assassinated a top Iranian General sparking fears of an all-out-war between the two countries. That sent the global stock markets tumbling sharply momentarily. And just when markets looked set to recover, the Wuhan coronavirus that was first reported in December 2019 showed rapid signs of spreading in China and beyond. This invoked memories of SARs in 2003, spooking the markets and setting off another wave of...

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How Net Nets Strategy Guarantees Safety of Principal & a Good Chance of a Great Profit

Even before his death in 1976, Graham highly recommended the strategy for small investors, “………I consider it a foolproof method of systematic investment–once again, not on the basis of individual results but in terms of the expected group outcome.”  Benjamin Graham But what exactly did Graham mean by “in terms of the expected group outcome“? As it turns out, a lot… and this is also the key to how a net net stock strategy can protect you against loss over the course of your life. Let’s get started. First, Great Profits Net Net Stock portfolios perform well. Multiple studies...

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How do you sleep better at night with factor based investing? We explain with one currently undervalued stock

If you’re invested, you’ve probably experienced this once or twice. It’s 2am, you wake up with a jolt, reach for your phone and blearily open sleepy eyes now stung by the sharp blue light to look at your stock prices (if you invest in US, markets open at 10.30pm Singapore time, varies depending on daylight savings). If you invest in Singapore, this same phenomenon is likely to happen when you go to the loo or when you’re at lunch with colleagues and when you should really be talking to them not staring at your stocks hoping the magical power of...

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4 Undervalued Stocks I’m Looking At Right Now

4 Undervalued Stocks I’m Looking At Right Now Skip to content Author: Irving Soh | Date: February 13, 2020February 13, 2020 Disclaimer: Caveat Emptor. This is not meant as investing advise. Do your own due diligence. The pictures used in this article are part of the platform available to students and graduates of the Intelligent Investors Immersive, which teaches Factor-Based Investing (Value,Growth). Factors are based on a study of what...

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Investing: No guts, No discipline, No Glory

Guts, in this case refers to risk appetite. Risk appetite refers to the level of risk you are willing to take on while investing in order to grow your money. The central problem around all investing approaches is that few people truly know their risk appetites. Compounding the problem is our innate urge to protect hard earned capital, hence leading to investors yanking cash out when they should be putting cash in. Peter Lynch, a well-regarded fund manager and author of the book One Up On Wall Street recorded this phenomenon well in the Magellan Fund. As quoted; During his tenure...

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How Do We Do Better Than The Market Benchmark in Bad Times?

Editor’s Notes: This is the 3rd installment on portfolio design for students of the Early Retirement Masterclass. In launching the course, we faced a host of immediate problems, many of them similar if not exactly the same faced by hedge funds though on a less complex level and with far less autonomy. The challenges were follows: How do we ensure students are able to achieve long term success behaviorally? How do we design, build, and implement a portfolio that achieves the above more easily for the students? Are there additional steps we can take to be more defensive so that they experience drops...

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