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!