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Letter to Batch 28 of the Early Retirement Masterclass
By Growing your tree of prosperity  •  November 19, 2022
Dear Students of Batch 28, It’s been a great honour and privilege to conduct a 5-Day Early Retirement Workshop for you. On 26th September 2022, I anticipated a nasty market downturn when the Fed started to turn hawkish, so while leveraged student portfolios still had a tiny profit, I told the community to exit all leveraged positions. I liquidated everything in all my margin accounts, hoping to return at a better time. The ERM portfolios will continue after conducting its 28th class of students. Batch 28 has its unique challenges. As interest rates have only risen on March 2022, I’ve made a judgment call to only backtest year to date performance of both STI blue chips and REITs. Furthermore, I also took the liberty to decide that it was high time we took on some more risks and limited our REITs universe to twenty REITs that gave the highest dividend yields. This decision was made even whilst high-yielding REITs underperformed...
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By Growing your tree of prosperity
I have recently completed my Juris Doctor and I am waiting to be called by the Singapore Bar. For the past 15 years I was an IT manager and I have worked in multinationals, financial exchanges, trade unions and even a government agency. I started my career as an AS/400 administrator and moved on to manage IT projects and operations
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