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.
- 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?
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
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.
IBF will provide an additional 5% in support in the form of IBF Credit, bringing the course fee subsidy up to 95% of course fees subsidies until 30 June 2021. This existing scheme will also be expanded to include workers in eligible FinTech firms.
For more information, please refer to IBF website.
Terms and Conditions
1) This e-training programme takes approximately an hour to complete.
2) 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.
3) Access to the e-training materials is valid to the end of the calendar year.
4) Upon successful registration, an online course access email will be sent to you within 2 working days. If you are new to Salmon Thrust online learning system, you will receive an additional invitation email to create your online account.
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 firstname.lastname@example.org 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.