After about 3 weeks gap, finally managed to get a new interviewee for my "Interview With Fellow Investors" blog series. Yipee! His name is Jack Phang and his blog bears the same name too. I am a frequent reader of Jack's blog and find that his posts are very insightful and relevant. Hence, decided to send him an invite last week and he agreed to it immediately, as the saying goes, the rest is history.
Now, let's get to know Jack better...
Q1 : Can you give us a brief introduction about yourself?
I am currently a mobile remisier with Maybank Kim Eng Securities and a blogger which you can reach me at www.jackphanginvestment.com to interact or open a stock trading account with me. I am a believer in stock market and property market. Stock generates capital gain income and property generates passive income for you.
Q2 : Are you a full-time or part-time investor at the moment?
I am a full time financial professional with CFA Charterholdership. My main focus is on shares investment in Singapore and Malaysia market. I am also investing in properties for passive income purpose.
Q3 : When (at what age) did you start investing in shares and who has influenced you the most?
I started my first shares investment when I was at age 16. My mother is the one who allowed me to buy and sell the shares under her name (although I believe it was illegal, haha). It was totally a failure as the counter was delisted soon after the 1997 financial crisis. After that, I started my second purchase during my college life when I was around 20 years old. I learnt a lot from the online forum – Chinese.cari.com.my where I could discuss shares with the investment gurus there.
Q1 : Can you give us a brief introduction about yourself?
I am currently a mobile remisier with Maybank Kim Eng Securities and a blogger which you can reach me at www.jackphanginvestment.com to interact or open a stock trading account with me. I am a believer in stock market and property market. Stock generates capital gain income and property generates passive income for you.
Q2 : Are you a full-time or part-time investor at the moment?
I am a full time financial professional with CFA Charterholdership. My main focus is on shares investment in Singapore and Malaysia market. I am also investing in properties for passive income purpose.
Q3 : When (at what age) did you start investing in shares and who has influenced you the most?
I started my first shares investment when I was at age 16. My mother is the one who allowed me to buy and sell the shares under her name (although I believe it was illegal, haha). It was totally a failure as the counter was delisted soon after the 1997 financial crisis. After that, I started my second purchase during my college life when I was around 20 years old. I learnt a lot from the online forum – Chinese.cari.com.my where I could discuss shares with the investment gurus there.
KLSE.8K was the one who influenced me a lot. He inspired me to pursue my dream of becoming a full time investor in shares market. The 72 rules knowledge that he shared with me is really useful. I pursue my career as financial professional later on by taking the Charted Financial Analyst course. Warren Buffet, Benjamin Graham and Phillip Fisher are investment gurus who influenced me to treat myself as a long term business owner and not a stock trader just aim for short term capital gain.
Q4 : Do you view yourself as long-term (holding shares in years), short-term investor (holding shares in days/months) or mixture?
I would say that I am a believer of long term investment as I think that it is wise to put your excess cash in shares market for long term (e.g. more than 10 years etc) as it is one of the best tools to beat long term inflation rate. But I do have a regular review on my portfolio for portfolio rebalancing purpose.
Q4 : Do you view yourself as long-term (holding shares in years), short-term investor (holding shares in days/months) or mixture?
I would say that I am a believer of long term investment as I think that it is wise to put your excess cash in shares market for long term (e.g. more than 10 years etc) as it is one of the best tools to beat long term inflation rate. But I do have a regular review on my portfolio for portfolio rebalancing purpose.
I am an active investor as opposed to passive investing method which is holding stocks for years. I am willing to hold for a counter for more than 10 years (some of the counters in my portfolio are more than 10 years holding period) if the company's financial performance is within my expectation. Nonetheless, I would say my investment style is dynamic (e.g. I would adjust my portfolio asset allocation based on market condition & company performance etc).
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])?
Most of the time, I will start my stock screening via fundamental analysis – PE ratio, ROE, Dividend Yield, Debt level etc. After that I will slowly zoom in to the specific counter if it has fulfilled my stock searching criteria. I will consider long term average ROE as one of my most important searching criteria.
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])?
Most of the time, I will start my stock screening via fundamental analysis – PE ratio, ROE, Dividend Yield, Debt level etc. After that I will slowly zoom in to the specific counter if it has fulfilled my stock searching criteria. I will consider long term average ROE as one of my most important searching criteria.
As I am a full time investor now, most of my time spends in reading annual reports to find out the business model and the company’s direction. I will check if the company could achieve what it promised to deliver in the annual report. It is also one of the ways I check on the integrity of the top management of the company. Free cash flow is also one of the criteria for me although it is not so important as compared to ROE. This is a good indicator for those investors who wish to have stable dividend income.
Asset allocation plays a crucial role in order to be successful in shares investment. I would leave a certain percentage of cash in my portfolio just in case I still have some spare money to buy cheap counters when market collapses (I am always prepared for the worst to come, haha). Nonetheless, I think 25%-75% cash: 75%-25% equity is the most balanced ratio I would think of.
Q6 : What is your targeted and achieved annual rate of returns (%) so far?
Asset allocation plays a crucial role in order to be successful in shares investment. I would leave a certain percentage of cash in my portfolio just in case I still have some spare money to buy cheap counters when market collapses (I am always prepared for the worst to come, haha). Nonetheless, I think 25%-75% cash: 75%-25% equity is the most balanced ratio I would think of.
Q6 : What is your targeted and achieved annual rate of returns (%) so far?
My targeted rate of returns : 26 %
My achieved rate of returns : 16% onwards
Q7 : What is your most recommended online investing resource (site or blog) to share with our readers?
I do a lot of homework via online websites – www.sgx.com (the main source to get public listed companies information), www.sharesinv.com & www.sharesinvestor.com (you gotta pay small amount of money if you wish to have comprehensive data), Next Insight (online share portal), Share Junction (online forum), Value Buddies (more on value investing method). I also surf through business websites such as Business Times & The Edge Singapore for business updates. You may also like to pay a visit to my website – www.jackphanginvestment.com to follow my articles there.
Q8 : Besides shares, what other investment are you involved in (e.g. Real Estates, Bonds or REITs etc)?
Besides shares, I am also involved in real estate investment and REITs. I believe that real estate is one of the most reliable sources for passive income and moderate capital growth to hedge against my unstable income from commission and capital gain income of shares investment. I use CFD to invest in REITs as I think it is good to use leveraging method to invest in REITs, as long as proper risk management is put in place.
Q9 : What is your Portfolio Distribution like”?
My achieved rate of returns : 16% onwards
Q7 : What is your most recommended online investing resource (site or blog) to share with our readers?
I do a lot of homework via online websites – www.sgx.com (the main source to get public listed companies information), www.sharesinv.com & www.sharesinvestor.com (you gotta pay small amount of money if you wish to have comprehensive data), Next Insight (online share portal), Share Junction (online forum), Value Buddies (more on value investing method). I also surf through business websites such as Business Times & The Edge Singapore for business updates. You may also like to pay a visit to my website – www.jackphanginvestment.com to follow my articles there.
Q8 : Besides shares, what other investment are you involved in (e.g. Real Estates, Bonds or REITs etc)?
Besides shares, I am also involved in real estate investment and REITs. I believe that real estate is one of the most reliable sources for passive income and moderate capital growth to hedge against my unstable income from commission and capital gain income of shares investment. I use CFD to invest in REITs as I think it is good to use leveraging method to invest in REITs, as long as proper risk management is put in place.
Q9 : What is your Portfolio Distribution like”?
My current shares investment portfolio is 36% Oil & Gas sector, 28% Construction / Property Development sector, 26% Retail sector and 10% cash.
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..)
You are welcomed to contact me via www.jackphanginvestment.com.
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..)
You are welcomed to contact me via www.jackphanginvestment.com.
By the way, if you are a retail investor and would like to be featured in my "Interview With The Fellow Investors" blog series, please feel free to email me at investopenly@gmail.com.
Also, for the complete list of my interviewees and their posts, check it out here.
Cheers!
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