Alpha Summit 19 – 20 Jan 2019

While others spent their weekend shopping for the upcoming Chinese New Year, I spent my weekends at the Alpha Summit event that was organized by The Fifth Person. The event was packed with mind blowing contents that are all related to stock investing, stock portfolio management and investing experiences sharing. I am proud to attend the event.

At the event, we were taught how to spot ten bagger stocks by looking at the free cash flow on equity. I also learnt that asset light businesses can scale without excessive capital which means asset light businesses can grow at a faster rate as compared to asset heavy businesses. It is also interesting to know that we cannot find 10 bagger stocks in Singapore stock market. If we want 10 bagger stocks, we have to look at the US stock market.

Victor also shared some tips for investing into growth stocks. He shared that the timing to buy must be crucial and the business of the stock that you are buying into must be scalable. The size of the stock also matters. Last but not least, the holding period must be long which means we should learnt to be long term investors (5 to 10 years) as compared to being short term investors (sell within 2 years).

Kenny shared how to identify valued growth companies like Facebook and Google Alphabet by teaching us how to calculate the Return On Incremental Invested Capital.

On the second day, iFAST CEO, Mr Lim Chung Chun came down to the event to share his past experiences as a stock broker and how he started Fundsupermart. He also shared his thoughts on iFAST expansion into the China market. The china market is currently still lost making for iFAST. As a CEO, he has consistently bought shares of iFAST. He shared with us that his reason for buying iFAST shares is that he want to put his heart and soul into his company. By buying his own company shares, he can focus on growing the company.

The event ended with an expert panel discussion by Tay Jun Hao, Victor, Kenny and Rusmin who answered many of our questions that we posted.

I have learnt a lot over these two days and I look forward to more of such fruitful events.

Thank you The Fifth Person!

My Sweet Retirement Wishes You A Merry Christmas

Today is Christmas Eve and I believe most of us are taking a break from work to celebrate and enjoy this moment with our families and loved ones.

Since I started My Sweet Retirement in the year 2015, this is the 4th Christmas that I am celebrating with you all as readers of my personal blog or website. I hope all of you have gained something from my personal analysis of stocks or learnt from the mistakes that I have made in my investments and not repeat my footsteps.

Some of you have left encouraging comments which has inspired me to continue learning on stock analysis and share my learning journey. I will like to take this opportunity to thank all of you all for that.

May your Christmas sparkle with moments of love, laughter and goodwill, And may the year ahead be full of contentment and joy.

– My Sweet Retirement

3 Tips to Survive a Retrenchment

This is probably some old news you may have read a few days ago. Starhub will be retrenching 300 full time employees as part of a S$25 million restructuring exercise. This has brought back some of my bad memories. Believe or not, I was once retrenched and it came unexpected. I am not going to write about the impact of the retrenchment on the share price of Starhub, but to share my past retrenchment experience and how I learnt about the importance of having an emergency fund.

Believe it or not, I didn’t know and neither was I interested in stock investing in my younger days. I believed if I work hard and deliver results in the company I am working for, I will be rewarded. The company that I was working for was doing very well until one day, the retrenchment came unexpected. The management did not explained to us what was the rationale for the retrenchment. We were told to pack our personal stuff and leave the office immediately. There was no negotiation on the compensation and was briefly informed that the compensation will be credited into our salary banking account when it is ready.

Yes, this is how cruel and relentless the society is. I just got married, bought my house and have bills to pay. Being young and without much savings, I can only last 3 months without a job. Believe it or not, I scrimp and spent only $4 a day on meals. I was lucky to find job in the 4th month.

Six years have passed and here are the lessons that I have learnt from the retrenchment. Read More