Dr Wealth has a stable of trainers and there is no one fixed style we promote. We acknowledged that there are many styles of investing and there’s no best among them. Rather, you should decide whether a particular style is suited to your objective, risk tolerance and preferences.
Knowing that I cannot be good in every style, I have handpicked practitioners who are willing and able to teach to join the Dr Wealth’s avengers team.
Inevitably we introduced another problem – some investors have trouble differentiating one course from another even though we can clearly see the differences. Hence I would like to take this opportunity to clarify the delineation.
That said, it can be quite a subjective exercise and trainers may not agree 100 percent to what I have presented here. But I will get as close as I can.
Before we begin, I should give a proper introduction to the trainers:
- Louis and I – Intelligent Investor Immersive (I3) programme – fundamental analysis of value and growth stocks (China, US, SG) for the long term
- Chris Ng – Early Retirement Masterclass (ERM) – quantitative approach to identify dividend stocks (mainly Singapore) for passive income
- Cheng – SaaS Hypergrowth Investing Course (SHIC) – picking the best in class SaaS stocks
- Robin – 8-Figure Trading Blueprint (8FTB) – chart reading and short term trading in various asset classes
- Chris Long – CryptoKnight Armor Series – investing in cryptocurrencies
- Jeff – Property Investing Course – investing in properties where the opportunities are
Fundamental vs Technical Analysis
Fundamental analysis and technical analysis, which is better? This is one of key differences in investing styles and the rivalry still exists today. I explain the pros and cons in this video if you are still clueless about the two styles.
Below is how I would place the trainers on the scale.
Chris Ng focuses on dividend stocks to generate passive income and mainly use fundamental metrics to make his picks. Louis, Cheng and I are in the fundamental analysis camp too as we look at the assets, businesses and dig into the financial statements to determine the good and bad stocks. Chris Long applies fundamental analysis to cryptocurrency and invest in the coins that offer the best potential.
Yaonan is our China stocks expert and he mixed fundamental analysis with a little technical analysis. He does his stock picks based on the underlying business and fundamental metrics but also look at the charts to time the buy and sell better.
Jeff is our property trainer but he is also an avid stock investor. I put him right in the middle because he weighs his investing decision between fundamental and technical analyses equally. He also uses the charts to determine if the market is overvalued and he should sell his positions and go more defensive in cash.
Robin is definitely more reliant on technical analysis than all the other trainers we have. Little did people know that he does look at some fundamentals. He is a voracious reader of news and stock reports. That’s how he generate some of his trade ideas but ultimately, his charts have the last say when he decides whether to enter a trade or not.
Short vs Long Term
This is another favourite. It is often said that investors look long term while traders prefer to settle a trade quickly. Again, no right or wrong. Depends on where you can find the edge and your preference.
Here’s how I will position the trainers on the short vs long term scale.
In terms of timeframe, Robin can do intraday trades (open and close a trade within a day) and practically no other trainers do that in Dr Wealth. So he definitely belong the short term end.
Jeff buy and sell regularly depending on the sentiment of the markets. As mentioned previously, he would sell more stocks if he sees the market toppish. There’s a lot more buying and selling as the market cycles through.
The remaining of the trainers are pretty much long term. Chris Ng changes his dividend strategies often but most of the stocks he would hold for many years. Likewise for Louis, Cheng and myself; we hold stocks that we believe in for the long term. Chris Long has held his bitcoins for years, buying them at $700 and saw through the first bubble where it went to $20,000 and back down to $4,000. You can’t do this if you do not have the conviction to hold long term.
Quantitative vs Qualitative
Lastly, another differentiation is between a quantitative (numbers) and qualitative (business or story) approach.
Unlike the previous scales which have been more binary in nature, this has more gradient.
Chris Ng would probably be the most quantitative of all. He does a lot of backtesting on Bloomberg to determine what are the solid strategies to employ now.
Louis is a numbers person and knowing him for years, he is definitely better in numbers than me, even though I considered myself quite quantitative. I have grown more qualitative over the years especially for the growth stocks where historical figures have little bearing to future growth potential.
Jeff is in the middle again. He can get his ideas from screening or from subjective views of the businesses. I put Cheng and myself in the middle too because we spend equal weights on the financial statements and the assessment of the business quality.
I would put Chris Long and Yaonan closer to the qualitative side. One reason is that cryptocurrency has little fundamental metrics to talk about and it is only natural that Chris Long is more qualitative when it comes to analysing the coins to invest in.
I find that Yaonan picks the business first before wanting to buy at good prices. As oppose to screen for cheapness and buy what is available. This alone makes me position him closer to the qualitative end.
Last but not least, I placed Robin closes to the qualitative end because of the way he approaches technical analysis. He doesn’t use indicators as he believe most of them to be lagging. Indicators are more quantitative because they can be calculated, whereas Robin prefers to use trendlines which he draws himself. The plotting can be a subjective exercise and takes great experience to get it right. Hence, he is more qualitative by this measure.
What is right for you?
It will be difficult for me to tell you which investment style would be suitable for you. You have to think for yourself. Based on the 3 parameters I have shared so far, which combination resonated with you most?
Find the trainer closest to your preference and listen to his free session. The last important factor is that you must find chemistry with the trainer. Learning is not just about hard facts and content. It is also about the communication – how much of the teaching can you understand and absorb, you need some chemistry for that.
That said, of course you can also choose to learn everything by yourself. I wish you the best and hope you keep going regardless what styles you choose or which trainer you learn from. To your success!
