Equity Investment

INTRODUCTION

An equity investment is money that is invested in a company by purchasing shares of that company in the stock market. Equity investors purchase shares of a company with the expectation that they’ll rise in value in the form of capital gains, and/or generate capital dividends. This course explores the major methods of assessing stocks such as value, growth, and GARP investing. The course goes on to explain the key differences between the traditional growth investing and investing in technology. This course also explores the dilemmas equities investors face in terms of diversifications, macro considerations, and dealing with losses and exit decisions.

COURSE DURATION

1.0 hour

COURSE OBJECTIVES

Understand how value investors assess stocks
Understand the importance of economic moat and margin of safety in value investing
Understand how growth investors assess stocks
Know how to estimate reasonable growth rates for growth investing
Know the difference between growth investing and GARP
Resolving the dilemma of choosing between value and growth investing
Know how to invest in technology
Resolving the hard reality of equity investing:
- To diversify or not?
- Is it important to consider macro-influences?
- How to deal with losses? Cut loss or buy more as better value now?
- When to exit?

COURSE OUTLINE

Module 1: Value Investing

What is Value Investing?
Intrinsic Value and Graham’s Value Investing Approach
Graham’s Maxim
Economic Moat
Margin of Safety

Module 2: Growth Investing

What is Growth Investing?
A Company’s Potential for Growth
Growth at a Reasonable Price (GARP)
Estimating Growth Rates
Best Growth Stocks are Very Hard to Hold

Module 3: Value vs. Growth

Which is Better?
Chasing Performance
Blended Approach

Module 4: Investing in Technology

What Metrics Matter Most?

Module 5: Related Topics on Equity Investing

On Diversification
On Macro Considerations
On Losses
On Exits

Assessment

IBF-FTS Funding

The Financial Training Scheme (“FTS”) provides funding for financial sector-specific training programmes which are recognized under FTS. This scheme is only eligible for company-sponsored participants who are Singapore Citizens or Singapore Permanent Residents, physically based in Singapore, and who have successfully completed a FTS programme. Financial Institutions (MAS licensed or exempt entities), involved in or supporting financial sector activities, are eligible to submit claims for company-sponsored participants.

For all FTS programmes commencing on or after 8 April 2020 to 31 December 2021, MAS will enhance course fee subsidies for locals attending accredited or recognised courses up to 90% co-funding of direct training costs, subject to existing grant caps of S$2,000 per programme.

For more information, please refer to IBF website.

Terms and Conditions

1) You will receive the enrollment email within 2 business days after the payment verification. Payment verification will take 1-2 business days to verify upon successful registration. If you are new to Salmon Thrust online learning system, you will receive an additional invitation email to create your online account.

2) Access to the e-training materials is valid to the end of the calendar year.

3) This e-training programme takes approximately an hour to complete.

4) In order to qualify for Continuing Education credits from SGX, please complete all quiz questions found at the end of each tutorial (a 70% pass rate is required) by 31 December 2021.

5) If participants wish to make any changes to their application or request for a refund, written notice should be given within 10 business days of receiving the access ID and password to the online programme and provided the access has not been utilised. There will be an administrative fee of 20% of the fees paid. There will be no changes or refund if notice is given thereafter or if the access has been utilised.

6) It is recommended to login the web browser via a personal computer.

7) For assistance please contact e-training@sgxacademy.com or call 6670-6808.
(Operating Hours: 9.00am to 5.00pm)

This course is recommended for Trading Representatives and Professionals who need to meet their Continuing Education Credit.

SGX reserves the right to make changes to information regarding the programme if warranted by circumstances beyond its control.

Disclaimer:

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