Created by KCLau & Ian Tai

Financial Authors, Educators and Stock Investors

See what is inside Dividend Vault


  • We'll show you how to systematically build a portfolio filled with stocks that pay recurring and increasing dividends.

  • WeI'll walk you through the journey from a complete newbie to a savvy Dividend-Growth Investor who can manage a dividend portfolio in market conditions independently.

  • We'll share with you 50+ case studies of the best dividend stocks inside Dividend Vault after compilation of 1000+ of stocks’ annual reports in both Malaysia and Singapore.


Is this program suitable for you?

  • If you are entirely new to stock investing
  • If you like to significantly improve returns from your existing portfolio, 
  • Also, if you've paid RM 3000, RM 5000 or even RM 10000 to learn every stock trading methods over a weekend workshop and burnt even more money when you trade stocks 


What you are about to read could potentially change how you invest and how much you will have in your stock portfolio over the next 3-5 years. 

Here's why ...

I want to reveal to you a Complete Strategy that I use to build myself a 6-Figure Stock Portfolio that is now bringing in 5-Figure Annual Dividends without stock tips and charting softwares. More importantly, this strategy that I use is best suited if you have zero knowledge or experience in the stock market. 


My sole intention is to prove to you that all of us can replicate the results above, if we possess 3 things:

  • RIGHT MINDSET

    Stock investing is about progressive accumulation of highly profitable businesses at attractive valuation over the long-term.

  • REAL SKILLS

    Real investors have investing skills to effectively identify winners that could build long-term wealth and avoid losers that cost both time & money.

  • SYSTEM

    Without it, there is simply "No-Way" to build and manage a 5, 6 or even a 7-figure stock portfolio in a highly uncertain market conditions today.


If Investing is That Simple, Why Do Many People Fail?


I realised many people want to achieve financial abundance in life but they fail to build meaningful wealth in the stock market.


To make it worse, many had lost and are still sitting on huge capital losses that amount to 4, 5, or even 6-figures in Ringgit Malaysia. 

Sure, it hurts to incur financial losses. 

But, I believe the real damage is internal - Feeling stupid, losing confidence, bruising pride and ego ... etc. I feel you. In most cases, many choose to sweep these losses under their carpets - Out of sight and out of touch. For this reason, many believe that stocks are risky and they vow never ever to dabble in stocks again.

You Are Not Alone in This!

Before I figured this out, I thought that stock investing is risky, and it takes guts and luck to be profitable in it.

This belief arose when I was a primary schoolboy back in the 1990s. I noticed a peculiar behaviour where my relatives, especially my uncles, aunties, and elder cousins were deeply engrossed with lines of letters (stock counters) and figures (stock prices) projected on TV screens and newspapers. 


What was that’ I asked. 

And that was my first encounter with the stock market. 


It has the power to dictate the emotions of my relatives. For instance, if a stock price increased, there would inevitably be some relatives who would be leaping for joy and others who would sigh in regret. At that time, it seemed to me that the stock market offers many people a chance to get rich quickly and easily without much physical labour or effort. 


My dad --- who knew nothing about investing --- caught up with the euphoria, and he went ahead to buy a couple of stocks to get a piece of the action. 


Soon after, it was the Asian Financial Crisis. The stocks that my dad bought have dropped more than 50% of his purchase prices, which are painful losses to my dad that left him confused and utterly distraught


Since then, my father never dabbled into stocks again ... even until today. 


Are Stocks High Risk Investments?


Because of my past experience as a schoolboy, I really thought so. Stocks are risky and it is like gambling. You need to have guts and luck to make money from it.


That started to change when I hit 18. 


I was doing my A-Levels in TAR College (now known as TARUMT). My classmate handed me a copy of ‘Rich Dad Poor Dad’, and it got me to be interested in the subject of finance and investing.


Since then, I became a junkie of investment books


I read books written by Robert Kiyosaki and subsequently by other authors such as Mary Buffett, Pat Dorsey, Adam Khoo, ... etc. From them, I’d learnt that stock investing is about investing in great businesses when their prices are undervalued with the intention to hold onto them for the long-term. 


Also, I learnt that what my father and his relatives were doing were not investing but in actual fact, gambling. That is very risky, a sure fire way to lose money quickly in the stock market. 


So, I was encouraged to first study the business models, financials and valuations of a company before buying its shares. By doing so, I would be able to reduce losses arising from bad stocks that have poor fundamentals or from overpaying for fundamentally solid stocks at expensive prices. 


Gradually, my perspective on stock investing has changed and I began to believe that true stock investing is about being conservative and by being risk-averse, I can build a stock portfolio that is not only profitable but one that is highly sustainable for the long-term.


Next, I Downloaded My First Ever Annual Report ... Maybank


I was interested to start shopping for stocks to invest my pocket money.

But after reading it for 30 minutes, I found myself to be completely lost. 


I had no idea what I was reading and because of it, I don't know how to tell its difference between Public Bank, CIMB, and RHB, ... etc.  


For this reason, I decided not to invest my money in the stock market as I have no idea what I was getting into. Instead, I signed up for an accounting course known as ACCA to learn about interpreting financial reports. 


As I progress in my studies, I began to practise what I’ve learnt in class by downloading and reading annual reports of public listed companies. 


I started with simpler ones such as Nestle, Dutch Lady, Panasonic, ... etc. and slowly move into complex ones such as banks, property development, construction, and oil & gas companies. I studied their business models and took notes by compiling their 10-Year financial data and stock price data onto my Excel Sheet.


After Annual Reports of 1000+ Stocks in Malaysia and Singapore


I have discovered stocks with simple business models + delivered consistent growth in sales, profits and operating cash flows in the long run tend to deliver both consistent dividends + sustainable capital appreciation in the long-term.

This means: In Investing - Simple is Profitable. 



As such, I have formulated a simple game plan to invest my own money. All I did is to find stocks with simple business models that are profitable, buy when they are undervalued and hold onto these shares for the long-term. 



I started with a small portfolio and build on it as I continue to study, learn and gain experiences. This is done by reflecting on both my capital gains and losses. Along the way, I learnt about value traps and recalibrated my investing strategies. 



In these times, dividends never fail to roll in from all my stocks into my bank or stock accounts like clockwork. 



Today, I now own a 6-figure stock portfolio that is now paying me 5-figures in annual dividends. I'm collecting dividends from almost 100% of my stocks on a quarterly or semi-annual basis. My dividend yields range between 2+ to 10+% a year and I would collect dividends in 8-9 months out of 12 months every single year. 



Here is a quick snapshot of my current portfolio: 




Ng Ching Wei

After completing the Dividend Investing challenge

Dividend Vault helps to provide related information for the selection of stocks to invest and also save me a lot of time as there is no need to go through all the financial reports again. Everything is summarized in Dividend Vault and it is also being updated frequently when there is new release of financial report. Once again, thanks a lot for effect in setting up Dividend Vault & all the hard work done.
Ng Ching Wei


Is this Really For You?

Now, you've known a little bit about myself & my approach to stock investing. So, is this membership for you?

I believe the materials provided are most useful to you if:

  • Passive Income

    You wish to replicate my successes and build a portfolio that puts money into your pocket regularly via dividends so that you can see and enjoy some real "passive income" year after year consistently!

  • Feel Confident

    You wish to significantly reduce your investment mistakes and boost your chances of earning recurring dividends from stock investing. No more sleepless nights when the market crashes due to crises.

  • Turn things around

    You wish to find out the reasons for your stock investment losses, rectify them, and reconstruct your portfolio so that you could turn losses into many years of recurring dividend income starting this year!


However, this membership would NOT be suitable for you if:

  • You wish to aim for quick capital gains, buying a stock at $1 to sell it for $2 in the shortest period. This is because firstly, I don’t know how to do that and secondly, I believe stock investing is about building wealth systematically and sustainably over the long-term.

  • You wish to have regular trade alerts, buy-sell calls, target prices and as well as stock tips and recommendations. This is because I believe they are not the tools necessary to help one invest profitably in the stock market. My reliance is solely on actual information sourced from a stock’s annual reports, quarterly reports, press releases, and investors’ presentations.

  • You wish to have sophisticated stock charting, technical analytical or trading tools. This is because I’m a full-fledged dividend investor who invests primarily in dividend-paying stocks. I aim to earn recurring dividend income over a long time and not to make profits from trading.

  • You wish to have us to invest your money on your behalf. Sorry, we don’t offer such services to anyone or intend to in the future. This is because our objective is to share the knowledge, experiences, and approach in stock investing so that you can replicate it yourself to build your stock portfolio independently. In other words, we believe you should be your own fund manager and take 100% of ownership and responsibility of your investment decisions.

  • You wish to have us compensate your losses from any direct or indirect uses of our materials. Sorry, if you made a loss in investing, you would indefinitely be bearing 100% of your losses. Why? This is because we would not be taking a single cent from you should you make an investment profit. It means you’ll be keeping 100% of your earnings and incurring 100% of your losses. Why? This is because we don’t have any control over your actions or inactions.

The Ideal All-Weather Dividend-Generating Portfolio for Income Investors

If you are cool with my house rules, I would now like to share how I build my stock portfolio so that you can replicate it for yourself. To do this, let me introduce to you my ideal stock portfolio.

Ng Ching Wei

In essence, you may think of it as a perfect income-generating machine which can do the following:

  • Pay us incremental dividends consistently regardless of economic conditions, both good and bad... so that we can have increasing passive income year after year into the distant future.

  • Deliver an overall portfolio yield that exceeds current local Fixed Deposit rates... so that our money will never be eroded by inflation, not worrying about hikes in prices of stuff years later.

  • Achieve sustainable capital appreciation over the long-term... so that besides the regular income, our portfolio would grow as time pass by.

  • In the event of major economic downturns, prices of stocks in the portfolio must demonstrate greater resilience and rebound the fastest upon economic recoveries... so that we are less affected by the negative sentiment, and have better sleeps at night.

  • Most importantly, the portfolio can be passively managed without being active in stock trading and monitoring activities... so that we can always take time off to spend our well-deserved passive income and attend important family events.


Value Investing: My Preferred Method to Build a Dividend-Generating Portfolio


Why does it work so well? ... especially for beginners in the stock market.


This is because value investing is about making investment decisions which are based on facts from credible sources which include annual and quarterly reports, press releases, and investors’ presentations. 


You only invest after a careful study on the stock’s business models, management team, financial results, future plans, and valuation ratios. Usually, because of this, you only focus on the top 5% companies that have the strongest business models and financials when investing. 


With them, I do not need to rely on other people’s opinions, hearsays, remarks, comments or to make guesses on where the stock market or the economy will be heading in the future to invest. 


So with value investing, I can invest confidently for I can do my own study and form my conclusion on any stock before investing. It is a skill-set that allows me, my friends who are into value investing, and also millions of value investors around the globe to replicate this investment system, build profitable stock portfolios and move one step closer towards financial freedom.


This is good stuff, and it is my privilege to provide a detailed account of my investment journey with you so that you can join us to move ahead in your own financial life. 

IMPORTANT: Mindset Shift to think like a business owner...

Here is a critical mindset that I would like you to adopt when investing.

You have to see yourself as a business person, not one who is just merely trying their luck or finding some sort of entertainment in Genting Casinos.

Investing in stocks is about becoming co-owners of actual businesses that have real assets and customers that generate both sales and profits repeatedly for the long-term. The process is like buying an apartment to receive incremental rental income for the long run. So you want to own the business just like how you want to own that apartment that churns out profit consistently.

What's the Secret Sauce?

Right now, I’ll be walking you through an actual case study of a stock which I’ve personally invested into so that you’ll know, on a step-by-step basis, the exact formula I use today to invest in stocks.


The stock that I invested in is DBS Group Holdings Ltd (DBS) and here are the details of my investment:


You'll have a chance to pick my brain and see what went through my mind and the thought process behind my investment in DBS at S$ 18.47 a share on 6 April 2020 which was 4 years ago. 

In other words, let's turn back to 6 April 2020, which was a time before I'd clicked the button to "Buy" DBS. At that time, I had access to DBS's annual & quarterly reports as follows: 



The following is a step-by-step process that I went through to access the business fundamentals & valuation of DBS on 6 April 2020. 


Step 1: Understand the Income-Generating Model


DBS is one of the 3 largest banking groups listed in Singapore.


To assess its fundamentals, I first studied the income-generating model of DBS. Of which, I learnt that DBS earns 2 types of income, which are net interest income and non-interest income. 


Let's start with net interest income.

Like any bank, savers can open savings, current, and FD accounts with DBS. It is a source of funding to DBS and DBS pays interest costs for this funding. From these funds received, DBS could disburse loans (mortgages, car loans, credit card debts, personal loans and business loans ... etc) to its borrowers to earn interest income


The difference between its interest income and interest cost would be its net interest income.


A bank needs to grow its loan portfolio to grow its net interest income. 

In DBS's case, I discovered that it grew its loan portfolio consistently from S$ 130 billion in 2009 to S$ 358 billion in 2019. This contributed to DBS's growth in net interest income from S$ 4.46 billion in 2009 to S$ 9.63 billion in 2019. 

Source: DBS


Next, I looked at its non-interest income

For DBS, most of its non-interest income is driven by fees and commission income earned from:

  • Wealth Management 
  • Card fees
  • Loan-related fees
  • Transaction fees (trade & remittance)
  • Investment banking
  • Stock brokerage 



Of which, driven by growth in fees & commission income, DBS's non-interest income had grown from S$ 2.15 billion in 2009 to S$ 4.92 billion in 2019. 

Source: DBS


Combined, DBS's total income (net interest income + non-interest income) had increased from S$ 6.60 billion in 2009 to S$ 14.54 billion in 2019. 


Source: DBS


Step 2: Effectiveness in Cost Control


Next, I wanted to know if DBS is good at controlling costs. Here, there are 2 types of costs to look at: Operating Costs & Impairment Loss.


Let's start with operating costs


Like most banks, DBS incurs employee costs, technology-related costs, rent, administration, utilities and marketing costs. These are all categorised as "operating costs". The method to find out if DBS is able to control costs effectively is to assess its "cost-to-income ratio". 


Based on its past annual reports, I learnt that DBS had maintained its cost-to-income ratio at 40%-45% for the long-term. It means DBS's rise in operating costs were kept in line with its growth in total income over the 10-year period (2009-2019). 


Source: DBS


Next, let's look at impairment loss


Sure, as an investor, I want a bank to achieve growth in loan portfolio so that it could earn more net interest income. But, at the same time, I want a bank to also be conservative in lending, which is to lend only to quality borrowers who would repay or service their loans promptly on-time. 


I don't want huge loan defaults.


The way to measure the level of a bank's loan defaults is to assess its non-performing loan (NPL) ratio. A high NPL ratio indicates that a bank has higher loan defaults. Hence, a low NPL ratio would be preferred by investors. 


For DBS, its NPL Ratio was kept low at 1.5% in 2019. 


Source: DBS


I found DBS's NPL Ratio in 2019 to be attractive because it was similar to the other two Singapore banks: UOB and OCBC and it was a lot lower as compared to most Malaysian banks (except Public Bank and Hong Leong Bank). 



So in terms of cost control, DBS has maintained a stable and low cost-to-income ratio and NPL ratio for the 10-year period (2009-2019). 



Step 3: Long-Term Profitability + Dividends


At this point, I knew that DBS had increased its total income while having good cost control and low non-performing loan (NPL) ratio. Combined, it is a recipe for growing earnings and dividends.


I found that DBS had increased its earnings from S$ 2.03 billion in 2009 to S$ 6.30 billion in 2019. It had paid out rising amount of dividends, where the amount of dividends per share (DPS) had increased from 56 cents to S$ 1.23 in that 10-year period (2009-2019). 

Source: DBS


Source: DBS


Step 4: Balance Sheet Strength


Now, a quick reminder - I was looking to invest in DBS on 6 April 2020, which was during the lockdown period due to COVID-19. It was a time of great uncertainty with stock markets worldwide crashed swiftly and no one knew exactly when we would come out of this pandemic.


In a time like this, I focused on DBS's balance sheet strength as I need a bank to be financially resilient to survive through COVID-19. To do this, I studied 3 ratios: Total Capital Ratio (TCR), Liquidity Coverage Ratio and Loan Allowance Coverage (LAC). 


1. Total Capital Ratio


TCR tells us how well a bank could meet its obligations. Does it possess enough capital to absorb losses before becoming insolvent? Here, what I knew is that the Monetary Authority of Singapore (MAS) had imposed a minimum TCR of 12.5% for all banks in Singapore. 


For DBS, its TCR was kept well above 12.5% at all times in 2009-2019. Hence, I knew that DBS at that time was well-capitalised and was able to absorb losses and survive during COVID-19. 

Source: DBS


2. Liquidity Coverage Ratio (LCR)


LCR tells us if a bank has enough capital to meet short-term liquidity needs. For Singapore banks, the minimum LCR required is set to be at 100%. In the case for DBS, its LCR was kept well above 100% in 2015-2019. So, I knew the bank has ample liquidity to not only meet short-term needs but also to fund growth initiatives in the future. 


Source: DBS


3. Loan Allowance Coverage (LAC)


LAC tells us if a bank has set aside sufficient allowances to cover for its loan losses. A bank that is more conservative would put more reserves to cover for its loan losses and thus, would have higher LAC. 


in 2019, DBS's LAC was 94%. It is higher than most banks listed in both Malaysia and Singapore except for Public Bank and Hong Leong Bank at that point in time. This means, when it comes to being conservative, DBS ranks among the top half in Malaysia and Singapore. 


Source: DBS


Based on these 3 ratios, I concluded that DBS is financially resilient as its balance sheet is strong. This is further accentuated with "AA-" and "Aa1" credit ratings, which was among the highest in the world. 


So, up till 2019, I learnt that DBS in 2019 was rock solid fundamentally as it has generated consistent growth in profits while keeping a strong balance sheet over the long-term. 


When it comes to investing, that is already half the battle won. 


However, a fundamentally good stock is only a good investment if its shares are undervalued or fairly valued. Thus, the final step I took was: 


Step 5: Conduct Valuation


On 6 April 2020, DBS's stock price had already tumbled by 25%-30% from S$ 25-26 to S$ 18.47 a share. So, does it automatically indicate that DBS was undervalued?


Not quite. 


A fall in stock price doesn't necessarily indicate that it has "already" become undervalued. As an investor, what I did was to go through the first 4 steps above to make sure that the stock is fundamentally solid first & if it is so, like the case for DBS, I would value its stock. 


This is done by calculating its current P/E Ratio & Dividend Yields. 


Then, I would compare its current P/E Ratio & dividend yield with its past historical P/E Ratio & dividend yield for the last 10 years. 


1. Current P/E Ratio & Dividend Yield


In 2019, DBS made S$ 2.46 in earnings per share (EPS) and paid as much as S$ 1.23 in dividends per share (DPS). Based on S$ 18.47 a share, which was the current stock price on 6 April 2020, its current valuation would be: 


Current P/E Ratio (6 April 2020): 
= Stock Price / EPS 2019
= S$ 18.47 / S$ 2.46 
= 7.51


Current Dividend Yield (6 April 2020): 
= (DBS 2019 / Stock Price) x 100% 
= (S$ 1.23 / S$ 18.47) x 100% 
= 6.7%


2. Past 10-Year Historical P/E Ratio & Dividend Yield


Next, I would calculate DBS's P/E Ratio and dividend yields over the last 10 years. This is first done by compiling DBS's: 

  • Closing stock prices in 2010-2019
  • EPS in 2010-2019
  • DPS in 2010-2019


Of which, I produced a table as follows: 

Source: DBS


Starting with P/E Ratio, DBS's P/E Ratio ranged between 8.9 to 14.7. Its 10-year average was 11.2. If DBS's stock price is valued at P/E Ratio below 11.2, it means that its shares are undervalued. That is the case for DBS as its current P/E Ratio at that point in time was 7.5 (below 11.2). 


It is the same concept with dividend yields. 


DBS's dividend yield in 2010-2019 ranged between 2.8% to 5.1%. Its 10-year average was 3.9%. As an investor, I would buy DBS if its dividend yield is above 3.9% as it is an indication of its shares being "undervalued". 


Based on its current dividend yield of 6.7% per annum, DBS was indeed undervalued as its dividend yield at that time was above its 10-year average of 3.9%. 



As such, I found DBS to be undervalued after I've calculated its current P/E Ratio and dividend yield and compared them to its past historical average. 



In Summary


On 6 April 2020, I decided to invest in DBS at S$ 18.47 per share (despite uncertainties due to COVID-19) as I found it to possess the following qualities:

  • Consistent growth in its loan portfolio
  • Consistent growth in its net interest income & non-interest income
  • Stable cost-to-income ratio at 40%-45%. 
  • Low and stable non-performing loan (NPL) ratio at 1.5%. 
  • Well-capitalised with high TCR, LCR and LAC. 
  • Current P/E Ratio of 7.5, which is below its 10-Year P/E Average. 
  • Current Dividend Yield is 6.7% per year, which is higher than its 10-Year Average.

The Aftermaths: What Happened to DBS since then?


Understandably, DBS recorded a decline in earnings to S$ 4.61 billion in 2020. This is caused by significantly high impairment loss as its borrowers were impacted by COVID-19. 


On 29 July 2020, the Monetary Authority of Singapore (MAS) called all local banks in Singapore to limit their dividend payouts at 60% of what they have paid in 2019. For this reason, I have earned less dividends for 4 quarters (Q2 2020-Q1 2021). 


Personally, I understood and applauded this decision to cut dividends on a temporary basis. I viewed this to be a strategic move to further strengthen the bank's capital position in order to ride through COVID-19. 


As this is initiated by the MAS, such dividend cuts are not reflective on DBS's underlying fundamental ability to earn income and pay dividends. As such, I continued to hold on. 


Beginning in 2021, DBS's earnings had recovered to 2019 level as the pandemic situation has improved. From then, with higher total income and impairment loss normalising, DBS had delivered continuous growth in earnings in 2022-2023. 


Source: DBS


As DBS is consistently profitable, I continue to receive dividends regularly on a quarterly basis. Below are the gross amount of dividends I have been receiving since 6 April 2020: 


Source: DBS


Notes: 
- The "Blue Bars" refer to dividends paid to me in Q2 2020-Q1 2021 when the MAS placed a cap of 60% dividend payouts from 2019 levels. 

- The "Green Bar" is inclusive of a one-off special dividends of 50 cents. 


In total, I received S$ 6.32 in dividends per share (DPS) over the last 4 years. So, my gross cash returns from DBS is 34.2%. 


But, what about capital appreciation?



As I write, DBS is trading at S$ 35.64. The growth in stock price was a reflection of its growth in earnings over the last 4 years. Based on my investment price of S$ 18.47 a share, my gross capital appreciation to-date is 95.6%. 


Hence, my total gross returns from DBS works out to be 129.7% in the 4-year period 

(34.2% + 95.6% = 129.7%). 


How About Another Case Study?


The 5 steps demonstrated above, which I personally use to assess a stock's fundamentals and valuation, are highly effective and replicable.


Here, I would like to share with you a case study of another stock that I had invested in to show you that building a stock portfolio that pays increasing dividends year-after-year is just a matter of "duplication". 


The stock that I invested in is Mapletree Logistics Trust and once again, here are the details of my investment: 



Here, you’ll have a chance to pick my brain and see what went through my mind and the thought process behind my purchase of Mapletree Logistics Trust at S$ 1.037 a unit on 23 December 2016. 

In other words, I’ll bring you back to 23 December 2016 at a time just before I’d clicked onto the button to buy my units of Mapletree Logistics Trust. During the time, I had access to these available sources:  



The following is a step-by-step process that I went through to access the stock’s investment potential at S$ 1.037 a unit on 23 December 2016.

Step 1: Understand the Business Model

The first thing I did was to study its business model to find out how exactly this stock makes money. Out of which, I’d learnt:

Mapletree Logistics Trust is an SGX-listed REIT which invests in 124 logistics real estate worth S$ 5.34 billion in 7 countries across Asia. Its portfolio is currently 96.4% occupied where it derives income from a large pool of 525 tenants with main tenants such as Coles Group, Equinix, Nippon Express and XPO Worldwide. It was a substantial growth from 15 properties worth S$ 422 million when it first listed on the SGX in 2005.

Step 2: Assess Past Financial Results

My goal is to collect incremental dividend income from my stock investments in both good and bad economic conditions.

Therefore, I would compile the stock’s financial data over 10 years for I would like to know if the stock has delivered a consistent increase in profits and dividend payouts to its investors for the long-term. In the case for Mapletree Logistics Trust: 

For the last 10 years, Mapletree Logistics Trust has generated consistent growth in group revenues and distributable income. Group revenue had grown from S$ 80.4 million in 2006 to S$ 349.9 million in 2016. Distributable income increased from S$ 40.4 million in 2006 to S$ 183.3 million in 2016. This has led to a rise in its distribution per unit (DPU) from 5.07 cents in 2006 to 7.38 cents in 2016.


Step 3: Assess Present Financial Strength

If I wish to receive incremental dividends in the future, the stock must continue to grow its profits.

Thus, it must be forward-looking and are willing to invest for the future. To do that, the stock must first maintain profitability for the last 12 months and second, have a strong balance sheet which enables the company to finance its investments to sustain future growth. From its quarterly reports, I have discovered the following:


Source: Quarterly Reports of Mapletree Logistics Trust (Q3 2016-Q2 2017)


Over the last 12 months, Mapletree Logistics Trust has made S$ 358.5 million in group revenues. Out of which, it has generated S$ 182.2 million in distributable income and paid out 7.32 Singapore Cents in Distribution per Unit (DPU).


In terms of balance sheet strength, Mapletree Logistics Trust has S$ 2.05 billion in total debt and thus, having an aggregate leverage ratio of 37.6% in Q2 2017. It has a weighted average cost of borrowings of 2.3% per year. Based on the current maximum gearing ratio of 45% set for Singapore-listed REITs, the stock has ample of debt available to finance any acquisitions of new properties or to undertake projects to enhance the value of its existing properties in the future. 

Step 4: Gauge Future Growth Plans

If the stock has the financial means to invest, where would it put its money?

As such, I would find out as much as I possibly can about the stock’s plans to grow and expand its businesses into the future. This is important for these plans will most likely be the source of my incremental dividends in years to come. For the case of Mapletree Logistics Trust, they include: 


  1. On 15 December 2016, Mapletree Logistics Trust had completed yet another acquisition of 4 properties in Australia for S$ 151.9 million and thus, expanding its portfolio to 128 properties worth S$ 5.5 billion.


  2. Mapletree Logistics Trust is targeting to complete a redevelopment project on the 76 Pioneer Road where the building is being converted into a five-storey ramp-up logistics facility by Q3 2018. The project is estimated to cost S$ 100 million and will increase its gross floor area (GFA) by 1.8 times to 72,000 sq. m.  


  3. Mapletree Investments Pte Ltd, the sponsor and main investor of Mapletree Logistics Trust has 36 logistics properties under development across Asia. 30 of them are located in China. Mapletree Logistics Trust is granted Rights of First Refusal (ROFR) to acquire these properties once they have been developed and leased to tenants in the future.

Source: Q2 2017 Investors’ Presentation and Newsroom of Mapletree Logistics Trust

Step 5: Conduct Valuation

A good stock is a great investment only if the stock is cheap or undervalued and pays good dividend yields.

So, what did I do? First, as Mapletree Logistics Trust is a REIT, I calculated its current P/B Ratio and distribution yields. 

Second, I then proceeded by calculating its past P/B Ratio and distribution yields over the past 10 years, from 2006 to 2016. 

Third, I compared the REIT’s current P/B Ratio and distribution yields with its 10-Year Figures. Here was what I’d discovered: 


Reminder: Ian’s Investment Price: S$ 1.037 a unit 


1. Current Valuation Ratios: 

In Q2 2017, Mapletree Logistics Trust has net assets of $ 1.00 a unit. Hence, the stock has a current P/B Ratio of 1.03. In Step #3, the REIT has paid out 7.32 Singapore Cents in distribution per unit (DPU). Hence, Mapletree Logistics Trust has a current distribution yield of 7.06% per annum. 


2. Latest 10-Year Valuation Ratios: 

The table below is the calculation I have performed before investing in units of Mapletree Logistics Trust. It was computed by first compiling its closing stock price for every financial year-end, its distribution per unit (DPU), and net assets a share over the last 10 years. 

The outlier is in the financial year 2008 when its stock price closed at S$0.35 a unit on 31 December 2008. The price was substantially lower than in other years as its stock price was affected by the global financial crisis (GFC) in 2008. In fact, that was the best time to invest in Mapletree Logistics Trust. 


Source: Annual Reports of Mapletree Logistics Trust


Notes: 

- Financial Year 2012 onwards are for the period ended on 31 March. 

- Financial Year 2010 and prior years are for the period ended on 31 December. 


Compare its Current Valuation Ratios with its 10-Year Figures: 

However, prior to my purchase, I was in the view that the sharp decline in stock price is a one-off event and it is not practical to wait for another steep drop in its stock prices in the near future. Hence, excluding valuation ratios for the financial year 2008, from the table above, I had learnt that Mapletree Logistics Trust was trading below its 10-Year P/B Ratio Average of 1.17 and was offering investors a current distribution yield well above its 10-Year Average of 6.37% per annum. 


Summary...

Therefore, on 23 December 2016, I decided to invest in Mapletree Logistics Trust at S$ 1.037 a unit as I found it to possess the following qualities:

  • Resilient business model.
  • Long-Term track record of consistent growth in profitability. 
  • Stable growth in distribution per units (DPU). 
  • A solid balance sheet that is capable to fund initiatives to sustain growth. 
  • Has tangible plans to continue to grow its property portfolio. 
  • Current P/B Ratio of 1.03, which is below its 10-Year P/B Average. 
  • Current distribution yield is 7.06% per year, higher than its 10-Year Average.

The Aftermaths: What Happened to Mapletree Logistics Trust after all these years?

Fast forward to present days, years after owning the shares, Mapletree Logistics Trust has continued with its growth initiatives and as a result, has expanded its property portfolio from 124 properties valued at S$ 5.5 billion in December 2016 to 187 properties worth S$ 13.3 billion presently.

It has delivered consistent growth in group revenues and distributable income for the last several financial years: 



Thus, I have received the following distribution per unit (DPU) since Q3 2017: 



How about the share price?



Based on the acquired investment price of S$ 1.037 a unit, I had achieved 37.9% in capital appreciation from MLT. 


So, is this just a lucky break? 


From the 2 case studies above, it is not. Basically, all I did for many years and still doing it today is to replicate the 5-step process and add more stocks that pay rising dividends such as UOB, OCBC, ... etc and thus, effectively increasing my annual dividends year-after-year. 

What if You Know How to Do This?

Can you see that you too can build a stock portfolio that brings you a steady and increasing flow of dividend income year after year without you trying to predict stock prices?

You have just witnessed how I personally used the 5-step process above to first, identify high-quality dividend-paying stocks from the others which couldn’t. And second, do a proper valuation of these stocks so that I can invest in them when their prices are cheap or undervalued. 


Mastering the 5-step process above allows you to invest confidently as you will: 

  1. Receive a passive income every quarter from your stock portfolio.


  2. Earn higher dividend yields and capital growth from your investment in stocks as compared to other investors who invested in the same stock as you did. This is because you bought the stock at lower prices.


  3. Reduce investment risk with lower capital loss from the stock if its prices dip as the price you purchase for the stock is lower than other investors. Thus, you will be moving one step closer towards achieving financial freedom.  

So, Where Do You Go From Here?

Well, the above 5-step process is my blueprint towards building a money-making stock portfolio that is replicable in any stock market around the world.

And, it is now yours. 

You can take it and replicate my successes in stock investing. 


You can now go to the website of your preferred stocks, download the latest 10 years of annual reports, quarterly reports, investors’ presentations and press or media releases of these stocks, study them, compile their key information such as their financial data and operating figures, and calculate their valuation ratios over the last 10 years. All of this information is free and readily accessible to all investors, including you and me. So now, you can start right away ...


‘Ian, wait …

‘I don’t have the time to study all of these financial reports. Can I skip this process and just invest my money in the stock market?’


Sure, you can open a stock brokerage account and start buying shares. Nobody is stopping you from doing so.

My question to you is, ‘How do you separate good stocks that make you money from bad stocks that cost you money ... without reading financial reports? How will you know whether or not if a stock is undervalued or overpriced if you do not calculate its valuation ratios?’ 


As you can see, one thing is for sure. 


If you have a sincere desire to make money from investing in stocks, you cannot skip this process. Investing is a skill set, and it takes time to master. I studied and read annual reports on a daily basis for the last past decade of my life. Personally, I started with a small portfolio and grew it gradually as I continued to sharpen on my investing skills and experiences over time. 


The same applies to many things in life. 


If you wish to become a medical doctor, you have got to spend years in medical school and complete your housemanship before qualifying as a medical doctor. The amount of time taken will be much longer if you wish to be a specialist or a surgeon. 


The bottom line is ... You have to first learn how to invest and put in the effort to do your due diligence before investing your money. 


You can’t skip this process if you want to be consistently profitable. Period. 

How about Fast Track? ... Get access to all my works instantly...

But hours daily on learning, studying, reading, calculating, and evaluating stock deals for years is a long time, and I do not know exactly what your present level of confidence is when it comes to stock investing:

Is it 20%? 30%? or 50%? 


Well, what if I can walk through with you on the strategy to build a kickass stock portfolio that pays increasing dividends year-after-year on a step-by-step basis? Would it increase your confidence level to the 80% or 90% range? 


And, what if you have access to my ongoing compilation works and case studies on these dividend-paying stocks so that you can shorten your learning curve to just 2-3 months from 2-3 years? 


Well, if you are interested, I’m going to give a few of you that opportunity.


Malcolm Patrick Spykerman

After completing the Dividend Investing challenge

Sieving through all the reports would have taken me hours. At Dividend Vault, I have a library of good stocks and all their financial history. The valuation data is all there, so it's a matter of reading the case studies for me. This is an excellent platform for beginners or those who are working to start investing in the stock market.
The tutorials are also very helpful. I can confidently say it takes me less than 5 minutes to decide whether it's a good or bad company. Most of the stocks I purchased were based on the principles taught in the videos. Most of them are up and I'm enjoying a steady flow of dividend income despite 2020.
Ng Ching Wei

Here is How You Can Do the Same with Dividend Vault Training

I’m going to walk some students through this master class.

This programme is called ‘Dividend Vault’, and as one of my students, we would be creating a stock portfolio that pays increasing dividends year-after-year from start to finish together. 


So if you want to ‘Copy & Paste’ an investment strategy that is proven to work, get it right from your first or next stock investment and move one step closer towards financial independence, then, this programme is for you. 


It is an implementation programme, when by the time we are done, you would have a complete strategy to build and design a stock portfolio which pays you incremental dividend income, either on a quarterly or semi-annual basis, and the money comes in like clockwork. 


So, here is the breakdown of what exactly we are going to do together:

Module 1

The Roadmap to a 6-Figure Dividend-Growth Portfolio

The first lesson that all investors should learn about investing is to know the differences between speculating, trading and investing. I'll reveal why it is more advantageous to be an investor versus a trader or a speculator when it comes to building wealth in the stock market. Also, I'll share a simple Roadmap to detail specifically a journey to build a 6-Figure Stock Portfolio, literally from scratch!
DV Module 1

Module 2

5 Viewpoints on Risks

"Risk" is often associated with Stock Investing. As such, I'll dedicate one full module to debunk two common myths namely: "Stocks are Risky" and "High Risk, High Returns". Here, I would share with you 5 views on risks and discuss various methods of how savvy investors reduce their risks when it comes to stock investing and thus, building a stronger portfolio that pays dividends consistently for the long-term.
DV Module 2

Module 3

2 Systems Needed to Build & Sustain Your Dividend-Growth Portfolio

The top 1% of successful investors invest with systems. The others don't. Basically, there are 2 key systems when it comes to investing. The first system guides an investor on stock selection and their valuation metrics. The second system is about portfolio management. With them, there is really "No Need" for stock tips and buy-sell recommendations. With systems, the 1% could invest confidently and independently. Without systems, the 99% find themselves buying stocks aimlessly and usually are concerned about the market ups and downs.
DV Module 3

Module 4

5 Criteria of Strong Business Models

In this module, we'll discuss the 5 key criteria on identifying solid business models that are suitable to be invested and accumulated in our portfolios so that we could earn recurring and increasing dividends as their businesses continue to expand in the future.
DV Module 4

Module 5

How to Assess Stocks' Financials Like a Pro?

This is both "offense" and "defense" in stock investing. "Offense" talks about income production and "Defense" is about resilience. Here, I'll teach you how to read and interpret financial statements so that you can identify stocks that are both highly income productive (offense) and financially capable to withdraw economic crises (defense) and separate them from others that are not. Stocks that are income productive and financially strong are able to invest for growth and expansion for the future, which leads us to our next module below:
DV Module 5

Module 6

Finding Growth Initiatives of a Stock

Stock investing is about being a co-owner of real businesses and participate in their growth. So, the question is: "What would these businesses do to expand sustainably in the future?". Here, I'll share with you on how I search and find such information from stocks' annual reports, quarterly reports, corporate announcements, press releases and investors' presentation slides so that you could make your own independent assessment on these stocks before investing.
DV Module 6

Module 7

The Art of Stock Valuation

Savvy investors "value" a stock to determine if a stock is overvalued or undervalued before investing. The others tend to buy and sell stocks based on stock "prices". As a result, investors have the confidence to invest in high-quality dividend-paying stocks at bargain prices and thus, earn a lot more in dividends and capital gains than others, who tend to buy in manias and sell in panics.
DV Module 3

Module 8

Portfolio Management: Dealing with Falling Stock Prices

It is common for investors to experience both rising and falling stock prices after they've purchased their stocks. The question is: "Should I cut my losses or should I buy more shares at lower prices?". Here, I'll discuss a simple strategy with case studies on how investors decide on this matter so that you would gain a lot more confidence in handling stock price declines and market crashes in the future.
DV Module 8

Module 9

Portfolio Management: Dealing with Rising Stock Prices

Many who invest in stocks would wish that prices of their stocks would increase in the future. Now, the question is: "Should I keep or should I sell them off to realise my capital gains?". Here, I would be sharing case studies on how investors could make better decisions on them. This shall allow you to enjoy better capital appreciation and to unlock any potential windfalls from the stocks you own in the future.
DV Module 9

Module 10

Expand, Diversify and Protect Your Portfolio

Eventually, if you follow this programme, you would find yourself building and managing a portfolio that could be worth 5, 6 or even 7-figures. Hence, you would need to learn how to expand, diversify, and even protect your portfolio so that you can ensure that income continues to flow into your bank account for the long-term.
DV Module 10

Lim Seok Chin

After completing the Dividend Investing challenge

1) Step by step guide and details on how to evaluate strong companies with good track record
2) Compilation on companies provided (<3%, 3% - 5%, >5%), which helped a lot, especially for me who's working full time and don't have much time to do such detailed due diligence. In addition, the case studies and slides are important to demonstrate real life cases on the application of the theories learnt
3) List provided are constantly updated and has stocks beyond KLSE, which actually helped me to kick start my investment journey to SGEX and HKEX - personally, this was an important milestone for me, as I've only looked at KLSE previously.
Ng Ching Wei

No Time? No Problem!

Can Case Studies Replace Hard Work in Dividend Mastery?

By then, you would have been transformed into a savvy investor who knows how to build and manage a dividend-producing portfolio independently.  


But, although you know what and how you need to do to build such a portfolio, you may ask: 


‘Will it take me hours of my time and effort to sit down and study these stocks from scratch every day?’ 


‘Man, it’s too hard, and I don’t have the time and energy to spend time on it.’ 


I get it and here is the thing: ‘What if I give immediate full access to my case studies and templates on 50+ high-quality dividend-paying stocks listed on Bursa Malaysia and the SGX?’ 

Instant Access to 50+ High-Quality Dividend-Paying Stocks

Can Case Studies Replace Hard Work in Dividend Mastery?

You can save an enormous amount of time by leveraging on my ongoing compilation work of vital financial data and my write-ups on the stocks through these handcrafted case studies. 


‘Okay Ian, what is in your template and case studies?’ 


First, here is what I have compiled in my template:


Feature #1

10-Year Profitability and Balance Sheet Data

Under ‘Profit Data’, you’ll find out about a stock’s long-term track record of delivering a consistent increase in earnings, through my compilation of major financial figures such as revenues, shareholders’ earnings and EPS and calculation of its Return on Equity (ROE) for each stock.
Profit data

Feature #2

10-Year Cash Flow Management Data

Under ‘Cash Data’, you can assess a stock’s ability in bringing in positive operating cash flows consistently for the long-term. If the stock is able to do so, it then has the financial means to not only pay dividends out to shareholders but also to make investments to grow the company further.
Cash flow data

Feature #3

10-Year Operating & Segment Data

It is presented under ‘Segment Data’, and it is where you’ll have a breakdown of a stock’s revenue and profits in terms of their individual business segments and geographical markets. This is so that you will know which business segments or geographical markets are key income contributors to the stock.
Profit data

Feature #4

5-Year Quarterly Results

It is presented under ‘Quarter Data’ where I compile at least 5 years’ worth of quarterly results. This allows you to access whether or not if a stock has a track record for generating consistent growth in quarterly revenues and earnings for at least the past 5 years.
quarterly data

Feature #5

10-Year Stock Valuation Data

It is presented under ‘Valuation Data’, and it is where you can use it to compare a stock’s current valuation ratios such as P/E Ratio, P/B Ratio, and dividend yield with its long-term past valuation ratios. This would enable you to determine if a stock is really undervalued, fairly valued, or overpriced at its current prices.
Valuation data

Simon Chee

"Dividend Vault is a good online course that taught some of the important parameters to look for when evaluating stocks."

"Those step by step process are comprehensive for assessing stock deals, it is possible to achieve healthy passive income if one willing to spend time and effort to acquire the knowledge presented, it builds correct mindset and confidence as well, definitely a right way to kick-start the investing journey.
Moreover, with the additional segment - Bonus Dividend Investing Challenge, strongly encourage participants to fully utilize their knowledge gained after completed the course and start to build a successful dividend portfolio. I'm very happy that I have completed the challenge and thus, rewarded the RM 300 bonus dividend. Thanks Ian and KC for the recognition."
Ng Ching Wei

BONUS: FULL Access to CASE STUDIES

Now, let’s talk about my case studies. They are hand-crafted materials to guide you step-by-step on how I would assess a stock deal from scratch.

Every case study contains two parts: 


PART 1: Assessment of the Fundamental Quality of a Stock

It consists of my findings of the stock’s business model, its annual and latest 12-month financial performance, its balance sheet strength, and more importantly, its initiatives to grow in the future. This would allow you to effectively identify great stocks with great fundamentals from bad ones which don’t, reducing your chances of incurring losses from bad stocks.


PART 2: How to Value a Stock with Valuation Ratios?

It consists of calculations of its P/E Ratio, P/B Ratio, and Dividend Yields for each stock and a comparison on them against its long-term past valuation ratios. Thus, it enables you to know how to easily value a company so that you can refer to it and use the same technique to assess the value of your next stock investment.


In essence, we give you a highly customised set of materials such as video tutorials, presentation slides, eBooks, and as well as templates and case studies of 50+ high-quality dividend-paying stocks. All these could help you kickstart your journey to build a stock portfolio that pays dividends that are consistently increasing year-after-year so that you’ll move one steps towards financial freedom.

Replicate this Investment Model For Your Stock Portfolio

I have shown you that it is absolutely possible for you to start building a stock portfolio which pays you recurring and growing dividends systematically year after year without relying on tips, rumours, hearsays, brokers’ reports, and highly sophisticated charting software. 

And you knew that this is possible if you possess the right mindset, right sets of skills, and a specific game plan to build wealth sustainably from investing in the stock market. Better still, you can replicate this investment model in Singapore. 


And the best part is that you can start by ‘Copy & Paste’ my personal game plan in stock investing and start reaping increasing dividends for yourself. 


So, if you are ready to acquire the mindset, skills, and a game plan to start your journey towards your first or next dividend income, here is how you can sign up for the membership. The classes, templates and the case studies of as much as 50+ best dividend-paying stocks in MY and SG are already made available in the Private Member’s Area so you can get started immediately


By the time you’ve completed the Modules, you would be able to fully leverage on my templates and case studies to select your preferred dividend stocks, invest and build a portfolio that pays you growing dividends regularly. 


Andrew Chin

"The Dividend Vault has made it easier for me to pick stocks because it consists only of stocks that are fundamentally strong. Hence, I only needed to pick my stocks from this smaller pool of stocks. "

"Each stock has its case study which is a unique feature which I thoroughly enjoyed reading them and I also really appreciate that they have been updated regularly. Dividend Vault also consists of stocks from overseas market which gave me the opportunity to invest in them as well with peace of mind as they are fundamentally good stocks."
Andrew Chin

What about the Price?

The retail price for the Dividend Vault Membership is RM 999 / year.

If that sounds expensive, keep this in mind ... 


Today, it costs you between RM 5,000-RM 10,000 to attend a 3-4 day workshop on either stock investing or trading and even after days of intense training, you most likely still get stuck to do stock research on your own. 


Dividend Vault is designed to be a long-term companion to guide you on a step-by-step basis to build your dividend portfolio at a fraction of typical workshop fees. Once you get the hang of it, you own this highly invaluable skill set for life. 


But the fact that you are still with me on this page shows that you have a desire and are serious about attaining investment success for yourself. So, here’s what I’m going to do... 


I like to see you succeed and hence, will be thrilled to know that you have gone through my work and have used them to improve your financial life. 


So, if you are willing to invest in yourself today, I’m eager to invest in you. 


To put that into perspective, you have just seen how I had built a stock portfolio that pays increasing and recurring dividends from scratch in the above example. So, would you invest a few hundred ringgits in replicating that investment model? I sincerely hope so.


I want to make this a completely safe and risk-free decision for you. 


So, I’m going to give you an unprecedented 3-part guarantee that is unheard of. 

GUARANTEE #1:
30-DAYS Money Back

First, I'm going to give you a no-questions-asked 30-day money-back guarantee.

For the first 30 days of this membership and if it is not a good fit for you, please contact our support team at [email protected], and we'll give you a full refund promptly.

Within the first 30 days, if you couldn't identify a sufficient yielding dividend-paying stock, notify us to get a prompt refund of your fee.

If you don't see how the information inside the members' area is going to move you toward financial freedom, send us an email, and we will pay you back the money.

Do it within the first 30 days, you'll be assured that you won't burn a single cent. That's our 100% satisfaction guarantee!!

We usually process a refund within 24 hours. But sometimes nobody is working due to prolonged holiday. We beg your pardon if there is any delay. We will honour the cancellation according to the date of your email.
30-days money back

GUARANTEE #2:
No Increment on your Subscription Fee ever

If you join this round at whatever price it is, you locked in subscription fee for life. It means you will always be paying the same subscription fees. NO INCREMENT ever. Regardless of how the situation is in the future, we won't raise your subscription fee for any reason.

By the way, despite the situation that you'll receive rising dividends from your stocks in the future, the subscription fee to get full access to our on-going stock update still stay the same price for you. So when you make more money in the future, your cost to continuously get access to our data remain the same. No price hike ever, PROMISED. By the way, the subscription is on auto-renewal. However, you can definitely cancel anytime. You don't need to call us to do it. You don't need to navigate to any hidden page to cancel. What you need to do is to send us an email ([email protected]) to inform. And we will cancel your access on the next due date and your auto-pay subscription.

GUARANTEE #3:
RM500 Bonus Dividend, if you complete the Dividend Investing Challenge

The third one is where things get really interesting... Believe it or not, I’m not here to sell you yet another membership program, and I’m going to prove that to you right now...

My ultimate goal is to turn you into a successful investor who can earn recurring and increasing dividends from your stock portfolio.

And, I’ll be absolutely thrilled to know that you have made it and are taking yet another step closer towards financial freedom.

While I’ll do my part to create the tools and materials to speed up your process in building your portfolio, the thing is: you need to take action to reach your goal.

At this point, I’m confident that you are ready to get started, that you’re serious about replicating my investment model to earn a lifetime of dividend income.

As such, I’m going to put my money where my mouth is and offer you a

Dividend Investing Challenge.

So, what’s that?
challenge

Complete the Challenge to Receive
Bonus DIVIDEND RM500

Here is how you can complete the Dividend Investing Challenge

First, watch and follow along the Tutorial Videos made available in the Modules within the membership. They would equip you with the wisdom to comprehend my ongoing updates on the 50+ dividend stocks contained within Dividend Vault.


Second, browse through the 50+ dividend stocks and invest in 5 different stocks which fulfil the following criteria:

  1. Dividend Yield: 4+% per annum.

  2. Dividend Yield: Above Long-Term Averages. (either 5 / 10-Year Averages)

  3. P/E Ratio: Below 15.

  4. P/E Ratio: Below Long-Term Averages (either 5 / 10-Year Averages)


Third, keep a copy of the statements of your stock investment account and also your dividend vouchers or statements. After you received your first payment of dividends from each of your 5 stocks, please email me a copy to prove that you had received the dividends. My email is [email protected].


You can do it anytime for the next 12 months after your subscription to Dividend Vault. When you do, I'll send you an extra RM500 as your bonus dividend. I'll deposit the money to your bank account.


Eric Lim

"The Dividend Vault is really an excellent program!
Since adopted the concepts of Dividend Vault, I have never lose money and my wealth compounded."

Here I concluded a few practical concepts which really help me and most importantly it compounded my wealth:
1. Accumulate stock of Good companies when the P/E is lower than the 10 years Average and the industry average. The best thing it provide me margin of safety.
2. Avoiding emotional decisions or buying because everyone is buying a stock. By studying the financial reports and case study of a stock, it enable me to make wiser stock buying decisions.
3. Longer term assessment enhanced long term perspective, good stocks compounded my wealth over long terms.

Since adopted the concepts of Dividend Vault, I have never lose money and my wealth compounded.

I really thanks to Ian for his patience and passion to prepare the case studies and financial data! That's really a lot of hard works behind the screen! Appreciate!
Ng Ching Wei

Joe Quah

"Being a newbie in stock market, and also having lost some money previously when I invested on my own, the Dividend Vault is a good place for newbies to start a portfolio"

"There was a market crash in March 2020, and although it was a scary period for most investors, I was confident in selecting some good stocks, based on the data compiled in this program. Thanks Ian and KC for providing this platform. I now have a small and productive portfolio of my own! "
Koh Han Kiong

Evelyn Tan

Completed the Dividend Investing Challenge and received the cash bonus

CK Choy

"Dividend Vault had assisted me greatly as it saved me time and effort to find fundamentally strong stocks to invest. Moreover, it helped me to evaluate whether a stock price is fair, undervalued or overvalued."

As I'm a long term value investor and go for consistent dividends as passive income, Dividend Vault is what I'm looking for.
Thank you for the effort Ian Tai and KCLau put in.
Ng Ching Wei

Koh Han Kiong

"Dividend Vault is a great online course and the modules are well designed and delivered."

"I love the use of analogies on daily activities such as buying groceries to explain investment concepts. The reminder emails helped to keep my momentum to complete the course. Most important of all, Dividend Vault is an excellent stock filter, the detailed assessments help me to identify the stocks that meet my criteria for investment."
Koh Han Kiong

Real Feedback from Our Students

Cha Yee Weng

Dividend Vault member

Dividend Vault reduces the number of hours needed to research and screen through thousands of companies available in both Malaysia and Singapore markets, especially for someone who is working full time.
Packed with contents that include video guidance and online training from KCLau and Ian themselves to ensure you can achieve consistent dividend yield over time.
If you are unsure on how to achieve consistent dividend yield, dividend vault is the website to go! Here, Ian and his team will show you a powerful way to make a consistent dividend as passive income on top of your regular salary.

Samuel Y

Independent Marketing Consultant

Ian had done the hardest part of the work: painstakingly compiling and updating tons of relevant data and give it all to Dividend Vault members.There is nothing like this out there. If you’re looking for a system to invest for long term sustainable growth, this is where you should start. In fact, it’ll jumpstart your investing.
I expect to get long term, sustainable recurring income through Dividend Vault.

Eric Lim

Entrepreneur

Dividend Vault is value for money, a gem you can hardly find in any other places.
I'm impressed with the materials: well-structured stock investment concept and simplified system. It makes stock investment easier, safer and saves time.
I am investing stock for long term capital gain and dividend yield. The timely case study on the good companies through Dividend Vault help me to find those hidden gems in the stock market and grab it with undervalued prices.
You will never regret to join Dividend Vault. It could be the game changer in your journey of investment.
Ian Tai's continuous effort to upload the most updated case studies of good companies really save many people from the wrong investment decisions and avoidable disasters.

We pay you to invest!

In other words, I’m going to pay you to finish the Modules, begin investing, and change your financial life.

I’ve never seen anyone else who is willing to do this, so why am I? 


This is because I want to reward people who take action and achieve success. It allows me to achieve my ultimate goal of turning you and many more friends to become successful in stock investing quicker and more efficiently, which is from my point of view, a lot more meaningful than just earning money itself. 


As such, there’s literally no way you can lose here. At a bare minimum, you have a 30-day money-back guarantee to view what’s in Dividend Vault risk-free. And when you have invested into 5 stocks and collected dividends from them, I’m going to send you extra RM500 as a bonus dividend to your bank account. 


So, here’s what you should do to get started. Click the button below right now to join: Ready to JOIN.


A fully secured checkout page will pop-up in a new window so fill it up and click submit. After making your payment, you'll access the members area instantly. And that’s it. 


Watch the welcome video to get started, follow along the 10 Modules, and you can build a dividend portfolio by referring to my templates and case studies on 50+ best dividend stocks listed in Malaysia and Singapore.


So, at this point, let me recap the offer: You’ll be officially enrolled into Dividend Vault, a membership program that not only guides you but rewards you to learn and build a stock portfolio that would churn recurring and increasing dividend income into your bank account. 


You’ll get a 30-day 100% money-back guarantee so that you can check it out for yourself risk-free. More importantly, you’ll be able to take up my Dividend Investing Challenge. Follow the Modules, Invest in 5 stocks, Collect Dividends from them, and please submit these statements to me within the next 12 months and I’ll pay you extra RM500 BONUS DIVIDEND via bank-in transfer. 


Thus, I would like to invite you to get onboard the Dividend Vault. So click the button below to get started, and I’ll see you in the Private Member’s Area.


Ready to JOIN

Click the button below to get started

The Creators of Dividend Vault

KCLau & Ian Tai

book author, stock investor, trainer & speaker Ian Tai

Dividend Investor. Produced 500+ Financial Articles featured in KCLau.com in Malaysia and the Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. Regular Host and Presenter of a Weekly Financial Webinar with KCLau.com. Co-Founded Dividend Vault and Growth Vault, online membership sites that empowers retail investors to build a profitable long-term stock portfolio.

Financial educator, trainer and author KC Lau

I help Malaysian adults like you to achieve financial independence, live an admirable lifestyle worry-free, through smart allocation of your income and assets, by empowering you with financial knowledge. - author of SEVEN published books including Top Money Tips for Malaysians & Money Smart - creator of over a dozen online financial courses including Bursa Method, Dividend Vault, REIT Method, Invest Foreign Share, High Fly Method and Money Automation System - columnist for various magazines including Money Compass, Property Insights, News Straits Times, Smart Investor, etc

Join Dividend Vault now

Here are all the things you will be getting

  • 10 Modules of Dividend Vault Stock Training

  • Instant Access to 50+ High-Quality Dividend-Paying Stocks

  • Bonus: Full Access to Written Case Studies Updated Regularly

  • GUARANTEE #1: 30-Days Money Back, No Question Asked

  • GUARANTEE #2: No Increment on your Subscription Fee ever

  • GUARANTEE #3: RM500 Bonus Dividend payment if you Complete the Dividend Investing Challenge within the 1st Year

  • You can cancel anytime

FAQ

Here Are Your Questions Answered

  • Are the 10 Modules of video training available to the existing clients of KCLau.com’s Premium Webinar Membership (PWM)?

    Nope. These are all exclusive training prepared by Ian Tai just for Dividend Vault members only.

  • Do I still need Dividend Vault if I am already a paid member of KCLau’s PWM?

    The significant value of DV is the constant updates of the 50+ top dividend-paying high-quality stocks and case studies. Ian updates that whenever there are new financial results announced by the companies. He keeps track of those excellent companies that deliver consistent growth in revenues and profits, so that you can start building your own portfolio to enjoy good dividend yields for many years to come.

  • Is the payment on auto-renewal?

    If you pay through a credit card or debit card, you will be on autopay on the same day the next year. But if you pay through bank transfer, there is no auto-renewal, and you will need to remit payment on the subsequent renewal next year.

  • When can I cancel the subscription?

    You can cancel anytime you like. Within the first 30 days, you will get back the full amount.

    After the 30-day money-back period, you can also cancel anytime. And you will still have access to the members' area until your the next renewal date.

  • How do I cancel the subscription?

    Just send a simple email to [email protected], informing your intention to cancel. You don’t need to call us, nor Whatsapp. We will reply with the confirmation. If you don’t hear back from us within 24 hours, please contact us at https://kclau.com/support. Alternatively, you can also navigate to the billing page inside the members’ area.

    1. Login at https://courses.kclau.com
    2. Click on your name or picture in the top-right site header.
    3. Select “My Account”
    4. Select the “Billing” tab.
    5. You can update your credit card info or cancel the subscription there.
    6. You will automatically lose access to the content at the end of your billing period.

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Teoh Eu Vin

"The course content has helped guide me on the general process of understanding and determining which stocks are worth obtaining as well as formulating a game plan."

"This in addition to the case studies and the ‘shortlisting’ of dividend-generating stocks that have helped in expanding my portfolio into dividend-generating stocks."
Koh Han Kiong

Alphonso Lourdes

"Dividend Vault course has helped me to build a dividend portfolio through the step by step case studies and the top 50 stocks list albeit a small one."

"I am still learning and will diversify my portfolio. More importantly, my portfolio return has been growing consistently since 2021."
Alphonso Loudes