This is the second interview of my "Interview With Fellow Investors" series. Hope you folks like what I've shared so far. For complete list of retail investors that I've interviewed, check out the page here.
Now, let's get back to my second interviewee. His name is Christopher Ng Wai Chung, owner of the Growing Your Tree Of Prosperity blog and author of the following books (click on the hyperlink to view more) :
I get to know Christopher through his blog and subsequently gotten connected through Facebook. He is a movie buff as well and we chat quite a fair bit on movies. So far, met him (and another fellow investor) once for lunch and I must say that he is a chatty guy with great ambition about mixing the investing and engineering.
Now, enjoy my interview with Christopher Ng below:
Q1 : Can you give us a brief introduction about yourself?
My name is Christopher Ng Wai Chung, I look after the blog Growing Your Tree of Prosperity. I am a personal finance author. I am currently retired after spending 14 years in IT in various systems administration, project management and operations roles. I have spent time working in multi-nationals, trade unions and even the public sector.
My name is Christopher Ng Wai Chung, I look after the blog Growing Your Tree of Prosperity. I am a personal finance author. I am currently retired after spending 14 years in IT in various systems administration, project management and operations roles. I have spent time working in multi-nationals, trade unions and even the public sector.
Q2 : Are you a full time or part-time investor at the moment?
Currently I am a full-time investor as I left the workplace last year. I will revert to becoming a part-time investor once again in August when I start studying for a legal qualification in a local university.
Q3 : When (at what age) did you start investing in shares and who has influenced you the most?
I starting investing in unit trusts when I received my first paycheck when I started work at age 25. Investing in actual shares took me much longer as I refused to manage a portfolio until I passed all three levels of the CFA examinations. My interest in personal finance started by reading Robert Kiyosaki’s Rich Dad Poor Dad although the book did not influence my subsequent investment style.
Q4 : Do you view yourself as long-term (holding shares in years), short-term investor (holding shares in days/months) or mixture?
I invest primarily for dividend yields so I am generally a long-term investor. However, a change in dividend yields will normally trigger an adjustment in my portfolio when I push my investments into higher yields.
Q5 : What is your basis of selecting the shares to invest (e.g. basing on fundamental analysis, technical analysis or other methods/sources [share a little bit more details if it is the latter])?
I invest almost exclusively based on yields, so I rely on brokerage reports to select my acquisitions targets. I normally perform a quick check to ensure that yields have been consistent and supported by free-cash flow. Thereafter, it does not take a lot for me to start a $1,000 position in a stock. I would rapidly increase my position to $10,000 or $100,000 if the story gets compelling later.
Q6 : What is your targeted and achieved annual rate of returns (%) so far?
Currently I am a full-time investor as I left the workplace last year. I will revert to becoming a part-time investor once again in August when I start studying for a legal qualification in a local university.
Q3 : When (at what age) did you start investing in shares and who has influenced you the most?
I starting investing in unit trusts when I received my first paycheck when I started work at age 25. Investing in actual shares took me much longer as I refused to manage a portfolio until I passed all three levels of the CFA examinations. My interest in personal finance started by reading Robert Kiyosaki’s Rich Dad Poor Dad although the book did not influence my subsequent investment style.
Q4 : Do you view yourself as long-term (holding shares in years), short-term investor (holding shares in days/months) or mixture?
I invest primarily for dividend yields so I am generally a long-term investor. However, a change in dividend yields will normally trigger an adjustment in my portfolio when I push my investments into higher yields.
Q5 : What is your basis of selecting the shares to invest (e.g. basing on fundamental analysis, technical analysis or other methods/sources [share a little bit more details if it is the latter])?
I invest almost exclusively based on yields, so I rely on brokerage reports to select my acquisitions targets. I normally perform a quick check to ensure that yields have been consistent and supported by free-cash flow. Thereafter, it does not take a lot for me to start a $1,000 position in a stock. I would rapidly increase my position to $10,000 or $100,000 if the story gets compelling later.
Q6 : What is your targeted and achieved annual rate of returns (%) so far?
My targeted rate of returns : 5 to 7 %
My achieved rate of returns : “11-15%” ( recent 1-year performance was fairly decent due to good luck )
Q7 : What is your most recommended online investing resource (site or blog) to share with our readers?
SGX website has the appropriate screeners which work for most investors. You just can’t ignore the corporate news section on your major stock holdings so the SGX website is the most important resource for an investor.
Q8 : Besides shares, what other investment are you involved in (e.g. Real Estates, Bonds or REITs etc)?
Primarily REITs and business trusts. I have been slowly building a 50% equity portfolio but this is not well diversified as there are very few equity yield plays which can match the dividend yields of REITs and Business Trusts. This is a work in progress as the QE tapering coupled with an increase in supply of industrial land will make it harder to profit as a landlord over the next few years.
Q9 : What is your current Shares Investment portfolio size (in range, no need specific)?
The portfolio is decent enough to generate enough income to replace my day job as an engineer with 14 years working experience, feed my family and even pay for law school. Go figure !
Q10 : If the readers what to get in touch with you, how to get hold of you? (Sharing of your website/blog/social media profile etc..)
Visit my blog Tree Of Prosperity
My achieved rate of returns : “11-15%” ( recent 1-year performance was fairly decent due to good luck )
Q7 : What is your most recommended online investing resource (site or blog) to share with our readers?
SGX website has the appropriate screeners which work for most investors. You just can’t ignore the corporate news section on your major stock holdings so the SGX website is the most important resource for an investor.
Q8 : Besides shares, what other investment are you involved in (e.g. Real Estates, Bonds or REITs etc)?
Primarily REITs and business trusts. I have been slowly building a 50% equity portfolio but this is not well diversified as there are very few equity yield plays which can match the dividend yields of REITs and Business Trusts. This is a work in progress as the QE tapering coupled with an increase in supply of industrial land will make it harder to profit as a landlord over the next few years.
Q9 : What is your current Shares Investment portfolio size (in range, no need specific)?
The portfolio is decent enough to generate enough income to replace my day job as an engineer with 14 years working experience, feed my family and even pay for law school. Go figure !
Q10 : If the readers what to get in touch with you, how to get hold of you? (Sharing of your website/blog/social media profile etc..)
Visit my blog Tree Of Prosperity
That's it! Hope you get to know Christopher Ng better now and do drop by to his blog for more update of his thought on investing or anything come into his mind (trust me, he really speaks his mind).
Once again, if YOU like to be featured in this blog, feel free to email me at investopenly@gmail.com
Cheers!
Once again, if YOU like to be featured in this blog, feel free to email me at investopenly@gmail.com
Cheers!
No comments:
Post a Comment