Author: Dr Wealth

Course Review: Tactical Trading Academy Forex Course

Brendan, who is the CEO of Tactical Trading Academy, was interviewed on BigFatPurse. He was kind enough to run through his forex course with me and share his strategy. The entire course was conducted over Skype. It was a one-on-one session so he could tailor the speed of the course according to the my level of understanding. As I have a some experience in forex trading, I completed the course slightly over 2 hours. Brendan was saying that students without trading experience would typically take 3-4 sessions to complete the course. Besides explaining his strategy verbally, he would put...

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Implementing my Permanent Portfolio

Long time readers of BigFatPurse would know that I have been investing in STI ETF on a monthly basis. It has been doing well for me (not bothered about the ups and downs of the market and yet I can make decent returns). I have taken a new direction to for my investment portfolio after gleaning more insights on the importance of investing with ‘size’ and being protected against any economic scenario. Being right with size When I interviewed Tom Yuen, he said the difference between top traders and average traders is the guts to trade with big size,...

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Many have to fail in order for the few to succeed

We always look up to the successful people in our society. We try to learn and replicate what they do so that we can be successful as well. Is it all that simple? There is one Warren Buffett, the world’s best investor of all time. The only investor that made to the Forbes richest man without founding or running a business. Take a trip to the bookstores or do a search on the internet and you will find overwhelming information about him and his investing principles. Investors who want to be successful should learn from the best in the...

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Your bank deposits and insurance policies are protected in Singapore

I received a few letters from my insurers to inform me that they have been included under the Policy Owners’ Protection Scheme (PPF Scheme). This scheme is administered by Singapore Deposit Insurance Corporation (SDIC), a company that is created by the Government of Singapore to look after small depositors and policy owners’ interests. The other scheme, Deposit Insurance Scheme, protects your bank deposits. DEPOSIT INSURANCE SCHEME This scheme started in 2006 and several amendments were made since 2008. It was apt to have this policy in place during the Global Financial Crisis where confidence was obviously shaken with financial...

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What Cu Chi Tunnel can teach you about having an investing edge?

During the Vietnam War, the guerrilla fighters put up a resistance against the Americans. We all know the mighty Americans had the most advanced military weapons and established fighting doctrines. The Vietnamese would not be a match to the Americans had they fought a conventional warfare. Instead, they cleverly strategised and used guerrilla tactics to undermine the Americans war fighting doctrine. Although we cannot conclude which side had won the war, but a stalemate is impressive enough for the less equipped guerrillas. The most amazing resistance happened in Cu Chi. Edge no 1 – decide when and where to...

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Millionaire Teacher by Andrew Hallam

You can read about the interview with Andrew Hallam here. This book talked about nine rules of wealth. Rule 1: Spend Like You Want to Grow Rich Andrew defined wealth as having the financial ability to stop working; and having passive income that is twice the national median household income. He believes that not having a car would give you a financial headstart in life. In fact, he researched that the median price paid for a car by U.S. millionaires in 2009 was US$31,367. When buying a home, he suggests a rule of thumb is to double the interest...

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Can you afford a property in Singapore at current prices?

CNBC produced a slideshow on The World’s Hottest Real Estate Markets and I was not surprised Singapore made the top 10 list. Call me biased if you want but I really believe the property market is overextended. There are signs of euphoria and history has taught us again and again, what goes up must come down. The masses are always wrong when it comes to investment. The winners will be those who are selling the properties, and not the buyers. I have summarised CNBC’s findings in the table below. Rank Country 5 year price growth Price per Square Foot...

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Travel Investing – Beijing, China

Cars Beijing itself has more cars than the population in Singapore. It currently has over 5 million cars in the city and to my surprise, I saw a lot of European brands like Audi, BMW and Volkswagen running the streets. There were also the familiar Japanese brands like Mazda, Honda and Toyota. The cabs were mainly Hyundai. I noticed that there is always a Chinese company at the back of these imported cars. I suspect the government has made it mandatory for any foreign brand to partner with a local company. Of which, I think FAW Group has the...

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Teacher turned millionaire through simple investing – Andrew Hallam, author of Millionaire Teacher

We have Andrew Hallam with us for this interview. He is a Canadian living in Singapore and teaching at the American School. I got to know Andrew and his investing ideas through his book, “Millionaire Teacher”. I love his book and would definitely recommend it to you. It has been one of the bestsellers in the bookstores so do look out for it. Andrew, is there a double meaning to your book title, “Millionaire Teacher”? Firstly, you became a millionaire with a teacher’s salary and secondly, you are teaching people how to be a millionaire. Was it intentional? You...

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UIA – possible scam?

I received an email from UIA out of the blue, asking me to invest in the company at a pre-IPO price which is on a 5x discount. I was wondering, if the opportunity is so good, why would it land up in my email and not snapped up by some other billionaires and millionaires? Sounds fishy to me. And UIA means Universal Interests Accumulative. I cringed when I read this para: By October 2011, UIA reached 204 countries becoming Earth’s default one world currency™. UIA differs from banks because it issues its own currency without having to incur debt...

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STI ETF marks 10-year anniversary and averaged 9.01% annually

Received this email excerpt from SGX: The month of April 2012 represents the 10 year birthday for the SPDR® Straits Times Index Exchange Traded Fund (ETF). The SPDR® Straits Times Index ETF is Singapore’s first locally-listed ETF, and also referred to as the streetTRACKS STI ETF. This ETF allows investors to access the broad market exposure associated with the 30 weighted stocks of the Straits Times Index, in one, single exchanged traded security.  This element of efficiency is one reason that ETFs are sometimes referred to as portfolio products. On their website, State Street Global Advisors provide an indication...

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Dr. Doom Talks Boom at Maybank Kim Eng Invest Asia 2012 – 7 Apr 12

Maybank Kim Eng invited Dr Doom, Marc Faber, to Singapore for a talk. I did not expect him to speak only 45 mins and charged $44 for the ticket. Although KE also invited prominent figures like Magnus Bocker (CEO of SGX), Pua Seck Guan (CEO of Perennial China Retail Trust), and Ron Sim (CEO of OSIM), they should have mentioned it in their promotional flyers. I suspect the latter 2 CEOs are issuing rights soon. Mr Bocker encouraged more active trading. Of course, this would bring good business to SGX. He mentioned that 25% of the investors in Hong...

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Asymmetry in shorting – Is shorting more risky?

Other than the direction, I used to think that short selling is the same on the long side. I found that is not true and here is why When you short, you can lose more than your capital Imagine you short a stock at $50 and it goes to $0. Your gain is $50 or 100% gain. This is the maximum gain you can get. On the other hand, if the price continues to go up to $100, or $200, or $300… You can lose more than your capital with 200% or 400% or higher – the sky is...

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Pay off $250,000 debt in 1.5 years – Collin Seow of Alpha Alliance

I got to know about Collin through Yong Sak’s book, “Secrets of Highly Profitable Traders”. I could have interviewed him earlier if I have known him. Nonetheless, I jumped on the chance this time round. Collin is a successful remisier and he maintains a blog at www.collinseow.com. Besides his brokerage business, he is actively teaching trading at Alpha Alliance. I believe most people know you as a successful remisier. Would you share your success with us? When I started my remisier practice, I did not know how to manage client’s risk. Six months into the business, my friend who...

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The Invisible Hands by Steven Drobny

Following “Inside the House of Money“, this is the 2nd book by Steven Drobny on global macro hedge funds. This book, “The Invisible Hands“, focus on the 2008 global financial crisis, how some of the managers survived and why others did not. It pointed out the fundamental flaws in real money funds and how it continue to fail in future crises. The traditional real money funds are still significant in today’s world as they have the largest managed assets in the world. “Real money funds comprise a majority of world’s managed assets, which totaled $62 trillion at the end...

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