 Hello everyone. Are you able to hear me clearly? I am live. Let me just double check, okay? Before we get started. Hello, good evening everyone. If you can hear me, please type voice, all right? Please type voice. If you can hear my voice and just let me double check before we get started. Okay, let me see your comments so that I know that I am live and you guys can hear me, all right? Yeah, I think so because there's a little bit of lag. So I'm just waiting for your comments to come in, all right? In the meantime, how is everyone, okay? This week the market has been like really good, right? I believe for the past few days, you know, has been going up and up. So what do you guys think, right? So are you happy with the current market condition, all right? If you are happy, please type happy. But on the other hand, you still feel like very uncertain and you don't know what's going on. Maybe you can also let us know you can type uncertain, okay? Let's see exactly what's going to go on tonight as well because I will be sharing with you some of my old strategies to react to this current market condition, all right? Hello, everyone. Hi, Cal. Good to see all of you as well, all right? I can see you guys are streaming in great, great. Let's get started. Hello, hello, you saying bye or sell? Eugene, good question. Let's all discover it together, all right? Very uncertain. Wow, wow, wow. Okay, this is very strong emotion, very uncertain. But some people are butful. What, what is that? I've never heard about that word. Okay, maybe my vocab is limited. But let me just share the screen so that we can get started. But in the meantime, yeah, good to see all of you here. Haven't been going along live for quite some time. So sorry about that. I was super busy. But yeah, tonight, actually, from this week onwards, I will be also going live consistently so that we can continue to deliver more value to you as well. So let me go back to this and just double check everything. And I will just share screen. I should be able to do that. Yeah, I'm using two screens so that I can see my slides in the meantime, see all your comments, all right? Yes, I can see my slides. It's live now live, all right? So how to invest safely during this volatile time? In fact, just this afternoon, I was invited to HubSpot to give them this exclusive sharing and a lot of them find it very, very useful. I was thinking, hey, so why not I just use the exact same sharing that I gave to HubSpot, which is like $22 billion, by the way, $22 billion market cap company listed in the US exchange. You can go and buy. OK, but before that, make sure you do your due diligence. All right, so this is a sharing that I gave it to them. And I also want to give it to you so that you can also have more clarity exactly how to invest during this volatile time as well, all right? So actually, just now, I already started asking you guys some of the questions. So what do you guys think, right? Is the market like actually some of the questions are HubSpot's people, those managers, those consultants, they actually ask me. So along the way, you can see some of the questions that they ask. And I also will provide you my answer and see whether is it useful for you to make a better investment decision for yourself. But let me ask you. This is the S&P 500 that is closed like yesterday. And what do you guys think? OK, what do you guys think? Is this another stock market bubble coming? Because the past few days, the market has been really, really good to investors, right? It has been going up again. But like what some of you say, very uncertain with the stimulus coming in. Maybe who knows, right? Because for the past one month, it has been like going this way, this way up, down, then go down again, right? So there is a possibility that it might go down again. So are you bullish about it? If you are bullish, please type bullish, OK? However, if you are bearish, OK? You think that the market is going to drop again. Please type bearish. But last but not least, OK? You are a little bit not unsure, right? A little bit unsure. Exactly going up, down. You'll find it's confusing. Please type confusing as well, all right? So Carol was saying that finally seeing some screen after a long read. And yeah, let's see how long can this screen last. But very importantly is at the end of the day, right? Regardless how the market is moving, you need to have your own clarity. You need to have your own guidance. So let me also double check the comments from the Facebook group site just to make sure that I can see all your comments in the meantime. So next level all star. So I'm going live in multiple locations. So if I don't read your comments out, OK? But I'm still watching you guys, OK? Don't worry about that. OK. Not bubble, it's just rotation. Zach here is saying that it's bullish in the long run. OK, very good. OK, Liu, Liu. Kobashi-san, he will say that. Hi. OK, great to see all of you guys. All right. So some of you may be thinking that it's bullish, right? While some of you are feeling uncertain. But I think if you are having this kind of answer, maybe because you are also looking in terms of the short term timeframe right now, right? Because in the past one month has been very volatile. But if you stretch your horizon just longer, right? Just make it like long, like in terms of decades, OK? Guys, now what do you see? What do you see right now? When you see that the whole timeframe actually stretched up all the way back to like 1985 to now regardless how many crisis that we have been through, be it dotcom bubble, be it global financial crisis in 2008 to the recent COVID-19, right? What is the trend that you actually see in S&P 500 guys? What do you actually see? What is the trend that is very clear in front of you regardless how many crisis we have been through? It always goes up, all right? It always goes up. Why does the stock market always go up all the time? There are actually reasons behind that statistics backing it up, OK? Firstly, there's inflation, right? Our things are getting more and more expensive, right? Every single year, our housing get more expensive. Our phone, you know, our health care, everything also getting more expensive. Is that right? All right? And secondly is our human population are also increasing. So if you think about it from a very logical point of view with the demand increasing, with the prices of the products and the services getting higher, do you agree that companies, they actually make more money, especially those good companies, right? They're able to attract more customers. They're able to get customers to pay more, right? That is why when they make more money, the stock price will also increase. And that's when the stock price increase, the top 500 companies in the US, when they all increase, right? Over time, you just give it time, right? They always appreciate with time. And that's how S&P 500 will also increase over time. So if we are looking at about a long-term horizon, actually this trend is very clear. You don't really need to speculate. All you need to do is make sure you buy into good businesses, right? Even during the COVID-19, you can see that we have already recovered from the previous crash, right? Our previously, back in last year, February, it was like 300 or about 3500. Now we have already exceeded, right? So even with the economy situation right now, okay? Do you think our economy is recovering? Okay? If you think that our economy is recovering, right? Please type recover, all right? So it will create new high, just like what John Fong said, right? Because our economy is actually improving. You see a lot of statistics, right? The corporate production is also getting higher. The manufacturing index is also getting better. That's why our economy is indeed recovering. And that's why stock market is also a leading indicator, right? People expect the economy to recover, and that's how it will also drive out the prices in the long run, right? Because our economy will always continue to improve. We always want to have a better standard of life, right? So next is, you know, if you are talking about, this is the S&P 500. Is this a bubble? Okay? Regardless of how many bubbles that we have, actually the economy always performs better. So once again, think long term. The second question that I have, you know, from the hotspot, okay, some of them are asking, what are your views on unit trust? Okay? And do you recommend investing like funds or maybe unit trust? Okay? But before I give you my answer to this, I also want to ask you this question. What do you think is the advantage of investing in unit trust? Okay? If you have invested in unit trust before, or maybe you are already investing in unit trust, what do you think is the advantage of, you know, having a unit trust? Type down your answer. Let me know, okay? So that I can really get to interact with you and really learn from you at the same time as well. So I can see some of you are typing that its economy is recovering great. Okay? Okay, most of people are thinking, okay, yeah, bullish, bullish, right? So in fact, the economy is really intact. Okay? So John is saying that re-st diversify because once you invest in unit trust, okay, you are investing into a portfolio and you get professional people to help you manage, right, your portfolio, your wealth, right? But that is the advantage. What is the disadvantage? Actually, there are a lot of disadvantage in my opinion. Some of them is listed here. It's a screenshot that I think a screenshot from where is it? Sidley, Sidley or something, right? So basically, there is a lot of fees needed in order for you to invest in a unit trust. And some thing, Eileen is saying that couldn't get good return. Wow, for eight years long. So I believe Eileen invested in unit trust for eight years and it didn't get you a good return, okay? About four to five percent only for like eight years. Okay, which is very, very low return, right? So now that's why I'm also going to share with you some additional investment vehicle that I personally use to get myself much better return than this. But on top of that, it's also very safe and diversified at the same time, right? So some of the disadvantage of having unit trust is you have to pay a lot of fees. So I believe, Eileen, you definitely know for yourself, right? Whenever you buy, whenever you sell, okay? There's going to be like a certain percentage of your portfolio have to be given to them. On top of that, right? When you actually make money from your unit trust and everything, they also take a cut from that, right? So that's how you engage professional people to help you manage your fund. You are really expected to pay them good money for them to manage for you, right? But at the end of the day, right? Do you really know? Okay, your first question you have to ask is do you really know what are they investing in? Because if you don't know, then I think it's quite dangerous because you have to at least know what kind of things are you investing in. This is really important. Are they really selecting the right funds, the right investment vehicles for you, right? And second thing is, can your investment return outperform unit trust, okay? If you think about it, the chart that I just showed you which is the S&P 500, right? Someone, John Fong said, just buy directly ETF. Exactly, okay? If you just buy ETF like S&P 500, your return is already 200% in 10 years, right? Much better than just now, what? Some of you mentioned only like 4 to 5% for eight years time, guys, okay? That is a lot of difference. Just buy an ETF which is a super low cost, okay? What do I mean by super low cost? Even Warren Buffett said that, okay? Most investors, both institution and individual, we find that the best way to own common stocks is actually through an index fund that charge minimal fee. And we are talking about S&P 500 here, right? Warren Buffett is also talking about S&P 500. When you buy into S&P 500, the amount of fee that you need to pay, it's so little as compared to you have to invest in actively manage funds or be unit trust for yourself, right? But at the same time, your return is so much higher. Let me show you one of the very interesting a bet that Warren Buffett once had with a hedge fund, okay? With a hedge fund. And these hedge fund people most of the time, they all believe that they are very smart investor, right? So they think that give it time, they will definitely choose investment instrument that will help them to outperform the S&P 500, which is outperform the US market, okay? But Warren Buffett say, no, no, no. If you give it time, the market performance is going to be better than yours, all right? And that's why they had a bet and see who will be the winner, all right? So who do you think end up to be the winner from this bet? It's a $1 million bet, yeah? Not exactly, it's actually very small to Warren Buffett and to those hedge fund managers, right? But okay, but this $1 million, it's also very significant because it shows that Warren Buffett, he is very, very bullish about give it time, the US economy will outperform all those funds out there. And indeed, eventually, who won? It's Warren Buffett, okay? If you see that nine years accumulative kind of return, the S&P 500 had a 85% return compared to the hedge fund, okay, who actually bet against together with Warren Buffett, it's only 22% return over nine years time, all right, which is like very, very mediocre in terms of the percentage in our eye, right? But if you just invest in very, very cheap ETF, like low-cost ETF, like SPY, you already have 85% return. And compared to other funds available in the market, which, you know, they really cannot name it in this article, but once again, you can see that again and again, the index fund outperform every single one of them. And that is why Warren Buffett in his will, he also wrote it already, right? By the time that he passed away, more than 90% of his wealth will be donated to charity. And the remaining percentage will be left over to the wife, and he believed that he continued, he should continue to invest this money for the wife. And how can he continue to invest when he passed on, right? He just want to buy the SPY. So basically his will is give instruction. Hey, you know, when I pass away the balance of my money for my wife, I'm just going to invest for her into the US S&P 500 index, okay? So that is the conviction that he has, even despite the fact that he's going to pass on, right? So this is the conviction that you also should start cultivating for yourself. And of course, apart from S&P 500, right? There are also other ETF that you can consider, and such as like, let's say healthcare, right? Do you believe that 10 years down the road, healthcare is going to get more and more expensive? All right? If you think so, then you can consider investing in a healthcare ETF, which you can see that the performance is so good, right? Like in just four to five years time, it's already more than 125% return, right? So depending on which sector do you think it's more bullish, would you have more confidence that it's really a growing sector, then actually any sector also have an ETF, all right? So Lamuai is saying that, yes, if you buy into unit trust and all this, the fees are going to eat up your return, which is I think exactly what happened to Eileen as well. If you invest for yourself, your return will be definitely much higher than your 4% to 5%, all right? For eight years, all right? So of course, some of the people from HubSpot also asked me, hey Chloe, can you share some of the topics that you have already in your portfolio or on your watch list? And I'm also very transparent with them, some of the positions that I am currently having, including ETF as well. And I believe you have, if you have watched me my endless workshop before, like maybe a year ago, a year ago or something, when I actually talk about those ETF at the beginning, the prices, okay? The prices is so much lower. And I bought into this ETF, like just about, yeah, a May, last year May, right? Which is about slightly less than a year ago, right? So when I bought into them and also shared it in the public like this, okay? Shared to the people in the endless, on my Facebook page and everything. This is a gaming ETF that I personally invested and I continue to add more position during this job as well, because I am long-term bullish about the gaming sector, will continue to grow. That is just our human nature. We like to be entertained and we always love to have some source of fun, right? So, but the thing is when you are investing in ETF, the good thing is you don't really need to know the nitty-gritty of the company, because I myself, I'm not a hardcore gamer, so I'm not too sure exactly which company will be the leader. So that's why I decide to buy an ETF, because with an ETF, I will have all these beautiful companies immediately into my portfolio, including your C-limited, which is like super popular since COVID-19. You have your electronic art, your Nintendo, all of these very, very popular and famous gaming companies all inside. All I need to do is to buy Hero, and this is the ETF that I am currently owning as well. So, when I first bought it, it was like about 16 plus. I really got it at the super low price. And now, without doing anything, I just hold on to this ETF and recently actually added more positions as well inside this. Yeah, I had like 40 over percent gain in just eight months time. Okay. Another, yeah, it's a very good ETF as well. All right. So, another ETF that I am personally invested in as well is a defense ETF, very, very defensive, and you can actually use ETF to your advantage, especially during volatile time like this, because volatile time like this, tech sectors are like crashing down, but the rest of the sectors, especially looking at ETF in general, very, very stabilized. They have the stabilizer effect. Okay. So, if you are able to invest in them, your portfolio will be able to be like weatherproof, really weatherproof. So, in this case, I invested in this defense company. And once again, I have done my research long term. You as continuously spend more money than any other country combined. Okay. The defense spending is so huge every single year, and I don't think that they're going to spend less. Okay. Because this is the way that they can get dominance. Okay. Continue to exert their presence as a big brother, economically, as well as, you know, physically, right? This is exactly what are they doing? So, I am not 100% sure which will be the top performance of the company in the next 10 years. I just buy the ETF, right? Which has your Lockheed Martin, has your General Dynamics, your Northrop, right? So, everything like the top famous US listed companies are also inside, related to defense. And when I first bought it, also about May period, okay? Because that was a good time to really start investing last year, right? So, it was about $88, about $89, and held on until today. Once again, it's also a 40% increment, okay, just by buying an ETF. So, ETF is not a slow vehicle, in my opinion. Actually, as long as you know how to find the right ETF to invest, and you really get it at a good price, your return can be also very substantial, right? Give it time as well, okay? So, recently, even despite the drop, XAR Hero actually didn't move much, all right? So, now, I actually recently also bought another ETF, but I will actually only share about my recent purchase, okay? In some of my Telegram channel, so if you want to know what is the recent ETF that I just bought in, I really think that this is a good price. At the top of that, it has the stabilizing effect once again, right? So, my approach is, it's using the barbell strategy. On one extreme end, I'm investing in very, very stable site, which is using ETF or very, very stable companies to be like the stabilizer should anything happen. On the other extreme, I will invest in high-growth company that will be able to 10X in the next 10 years. So, this is the barbell strategy that I also personally learned from my investment mentor, Pete, okay? Which you who have seen it again and again, right? In endless, he's a very, very top-notch investor, multi-million-dollar fund manager as well. So, I learned from him barbell strategy, and I also want to share with you what exactly is the recent ETF that I just purchased. In fact, I think last week, yeah? So, if you want to know, okay, do join my Telegram t.me slash business and invest Chloe, and I will be sharing with you after this, okay? After this endless, this life, I'm just going to put my, yeah, latest trade on my ETF inside the Telegram channel, all right? So, do join, all right? So, same, you also barbell, fantastic. It's also a very good ETF, right? It's exactly exactly. Kathy Wood, she is a really brilliant investor as well, right? So, the next question that hard-fought people, they are also asking is, hey, so how should I do my due diligence on stocks, okay? Because they also understand the importance of investing based on a system, based on, like, proper analysis instead of hearsay, right? So, they need to do their due diligence, and that's why they're also wondering, hey, if we were to really, you know, trade US stocks, it's going to be a lot of night activity. How can you manage sleep, okay? How can you do that, okay? Firstly, I have to say that I usually sleep very early. I sleep, like, before 11.30 most of the time. Sometimes I even sleep before 11 o'clock, okay? And there is really no need to stare at the market. In fact, I was just joking to some of my Telegram followers as well. I say that, hey, the more you stare at the market, the market is not going to move in the direction that you are looking for, all right? So, don't stare at the market. It's not going to help you. What you truly need is, if you are clear about what you want to do, okay? That means you have a proper system to guide you. You know what to do, what stocks are the good company, what stocks are the right price to buy, and all you need to do is when market open, you can execute it, right? You don't have to wait until the whole night before you even execute any position. You can just execute it as long as the market open or within a half an hour when the market is open, right? So, the good news is, from next Monday, our words, all right? Because the daylight saving is over, US market will open at 9.30 p.m., all right? So, fantastic news. You don't have to wait until 10.30 before you start investing. You just have to wait until 9.30 p.m., which is a good news for all of us, all right? But, of course, it's important for everyone to have a system, okay? If you understand the importance of system, that means really having a clarity, the guideline that you need, okay? Please type system, because once you have a system, you can really save yourself from all these, you know, sleepless nights when you have to stare at the screen, looking at the candle, looking at the chart, okay? You don't have to do this, okay? All you need to do is to invest systematically rather than emotionally. And I just want to share with you, okay? For buying shares, okay? This system is applicable be it you are buying shares or buying options because at the end of the day, options are you have to invest options based on the fundamental of the business. So you have to go and analyze the business first, all right? So that's why I just want to quickly go through the Buffard investing system that I personally also use. So it's just going to be a very, very quick going through, right? So, but I want to make you get the cheese of exactly what kind of system that you should be getting for yourself. And in fact, this is a system that Warren Buffard, Mary Buffard also use, right? Why? Because Mary Buffard, she personally learned from Warren Buffard for like 12 straight years because she has a former daughter-in-law, Warren. And she wrote so many books about Warren Buffard before you can go and actually find them from library or maybe bookstores because they are selling all over the world. And on top of that, she also used the same Buffardology, the kind of value investing to invest for herself as well as managing the UK Buffardology Fund, all right? So let me show you a very, very quick performance of how their funds perform over the past few years, okay? You can see that Mary Buffard, using the same methodology that she learned from Warren Buffard, she can actually now, actually, in fact, she is outperforming our Warren Buffard. But once again, I think both of them are super solid investors. And that's why I have to say that whatever system that she is sharing with me, it's applicable to everyone as well, everyone, all right? So the first thing that you need to do is you need to assess, okay? You need to assess the company. John was saying, can you have a photo with Mary Buffard? Maybe next time when we invite her over to Singapore, when COVID is stable for us to invite her, yeah, maybe you will get a photo with her, you never know, right? Oh, it's good to have that in your checklist, all right? So the first thing is you have to assess whether is this the good company to buy in the first place? Because if you are investing in lousy business, you are not going to invest with peace, right? You are going to have sleepless nights, okay? On the other hand, you are investing in solid businesses, you have done your homework, then even with the market condition dropping like recently, right? It's going to be okay, right? So you have to ask yourself five questions, okay? Of course, there are more questions you need to ask yourself, but I'm just going to give you some guidelines that you need to start asking yourself, right? The first question is, what does this company do, right? Because if you don't even understand what does this company do, you are not investing. What are you doing? You are gambling, right? You are basing on people's hearsay, maybe news, you don't even do proper research, then you start buying, right? This is not called investing, so please don't do that, right? And secondly, as you have to find out a little bit more about this company, how does this company generate money? How do they make profits? And on top of that, do they have future growth potential? Because if you are a growth investor like me, we do want our portfolio to compound, right? So if you are investing in a very, very stagnant and dead company, then your portfolio is not going to perform over time as well. But on the other hand, if you are investing in a growth company that is going to continue to make more money, that's how you as a shareholder will be rewarded over time, right? So the fourth question you have to ask yourself is, does this company have a strong balance sheet, right? Especially COVID situation like this, a lot of businesses shut down because they really don't have the cash flow, right? So that's why, whether does this company have a strong balance sheet will really determine will it be able to survive crisis like that, right? And last but not least, if some of you are also investing in like, very hyper-growth company, relatively young, for example, your sea limiter, for example, like let's say Tesla and everything, right? Is this a founder-led company? Because at the end of the day, this hyper-growth company, it's very, very crucial in my opinion to be founder-led. At the end of the day, the founder, they really want to make sure this baby, right? To them, the company is the baby. They want to make sure they're really nurturing it, spending 100%, 200% effort in order to make it grow and scale, right? So only the founder, in my opinion, can really carry through their mission and vision. And very, very importantly as well, does the founder have a very big skin in the game? So does it have a lot of percentage in terms of controlling shares? Okay, how many allocation of shares does he or she have, right? If he or she only have a very little, then actually the surprise how it moves, it doesn't matter so much to him or her, right? But on the other hand, if the wealth of the founder is really directly tied, then you know that, hey, the person really want to work hard because he or she will be rewarded when the share price increase, okay? So that is the few questions that you need to start asking yourself as well. So the next question that people ask from hotspot is, hey, do you know when is a good time to buy a stock, when is a good time to sell a stock? And which actually boils down to the second system, right? So after you assess that it is a good company, then you decide what price to enter, right? So you cannot jump into buy right away without analyzing step one, which is the assessed part. So everything is followed system by system. So now assuming that we have found a great company and now we are going to do valuation, right? So when it comes to valuation, you also have to ask yourself a few questions. And the first question is, what valuation method to use? Because once again, okay, there is no one size fit all kind of valuation method for everyone. It's just like this stock, let's say Google, okay? To me, Google is very good, but to you, Google may not be that good. So at the end of the day, everything is also quite subjective. You really have to make sure that it's the right valuation method for that company. And secondly, once you find out about the valuation method, you need to see is this overvalued or undervalued, right? And if you are doing options, like some of you are probably already doing, right? Like let's say Elaine, right? So you have to make sure, how can you get a better price, okay? Using technical analysis, okay? For options, okay? I'm not going to go through very, very nitty gritty into individual steps. Let me just share with you some of the things that I personally always look at, okay? And the most simple to use valuation metric I want to share with you right now. And this is also the valuation metric that most professional investors outside are also using. So it does have its accuracy and it's very quick to give you a very good glance of whether is this company overvalued or undervalued right now, okay? But once again, this valuation method may not be applicable to every single company, but 90% to 80% of time it should be valid. Now let's take a look at this method. It's called PE ratio, okay? But what does PE ratio mean? For those who are a complete beginner, okay? PE ratio basically the formula is used price, which is the stock price, divided by earnings per share. So it really gives you a very good gauge in terms of how many times is the market willing to price, right? willing to pay for this company at its current earning power, right? But just looking at its PE ratio, current PE ratio, it's quite useless. You really want to make sure that there is a comparison that you can fall back on. So what do you compare? You want to compare the current PE ratio, how many times is the market willing to pay right now versus how many times the market is willing, has been willing to pay for the past five years? Because historically, you can tell the market sentiment, okay? Is the market willing to pay a lot or very, very little for this company? So now let's say, let me give you an example, which is actually what we shared to some of our students in our community as well, okay? About Berkshire Hathaway, just a two, three months ago, yeah, November, right? A few months ago, when we invited Mary Buffett to come here to share with us one of the stocks that she also personally invested in and we did a valuation check. And Berkshire Hathaway, it's owned by Warren Buffett. It's a fantastic business. So A, it passed the criteria, right? Next is B, what is the good price to enter right now? Is this the right price? Now let's take a look at what I shared with you. PE ratio versus five-year average. So can you see that the current PE ratio back then in November, it was 15.55 times versus for the past five years, most of the time the market are willing to pay 22 times for its PE ratio 22 times. So what it means is in the past, the market don't mind paying it more expensive because they see the value of Berkshire Hathaway. But because of the November period, Berkshire Hathaway had a drop, all right? And that is why if you buy it back then, actually you are getting it cheaper compared to how it has been priced in the past five years, okay? Does it make sense? Okay, so in this case, actually Berkshire was undervalued, okay? Actually quite a good margin, quite a good safety, right? It's like, it's pretty decent valuation. So what we did is once again, Berkshire, it's a fantastic company. If it's a good company, good price, what you can do is just buy, okay? Just buy because you seldom can see situation like this. And like with the recent drop, the recent volatility, a lot of companies, okay, even in green tech companies also had such situation right now, okay? And that's why it's really good to start accumulating them during dips like this, okay? You have to be fearful when people are greedy. When it's too high, you have to be fearful. But when people are fearful, when they're selling, when the price is dropping, you need to start buying, you need to be greedy. And that is when, okay, for Berkshire Hathaway, when we publish it, okay, we talk together in the community and that time was 227. And today, okay, if you check it, it's already like 16% up, okay? In just four months time, okay? So ZQ, he bought one share of Berkshire for fun, okay? I believe if you are for fun, then one share should be enough, but if you're really investing it seriously and because you believe that the philosophy of Berkshire Hathaway, and then you can consider investment, all right? So this is Berkshire, right? So the next question, the next question that I had from HubSpot is, hey, because they are employees of HubSpot, they do have options, all right? So when they are given options by the company, they can choose to exercise it, right? So when you exercise, should I sell it, or should I hold it, or what should I do? What advice do you have, all right? So actually it's a very good question, which is also linked to my C, all right? So the third step of ABC is actually cash with options, because if let's say you have attended OMI before, which is our flagship program, right? You have seen that the power of option can give you so much higher return. But once again, if you are investing options, okay, what Elaine just mentioned, right? The system is applicable to anything, especially if you're investing in options, you have to make sure you are really going through this system. Is this the right business? Is this the right price? Before you even execute options, right? So everything is following through ABC. So that's why the question that I throw back to them is, firstly, do you really believe that HubSpot, okay, has a very, very good competitive advantage over other competitors such as Salesforce, such as Adobe, Microsoft. I do know that these three are the biggest competitors that they are facing right now. But once again, I think the team, they are very, very, I think they're very creative people. They also believe that going against the convention, they don't actually see them as competitors. Instead, they really want to out-innovate them. So which is the spirit I truly like, right? And second thing is that what kind of key challenges, right? Is HubSpot facing against the competitors, against the industry? So this is very good questions that you also should start asking yourself before you invest in any company. Can this company really have the economic modes? Does this company really have the competitive advantage? All right, what are the key challenges that they face? Right, despite of the key challenges, can they still continue to grow and grab market share? So if you are able to do that, if the company that you are going to invest is able to do that, then you should be able to really have the peace of mind when it comes to investing, provided it's at a good valuation. Because at the end of the day, the options principle is you really have to make sure you are applying on good fundamental companies, right? Because if you are applying on nothing, it's just pure speculation. And once again, in options millionaire intensive, okay, we never, we never teach you guys to speculate. Always make sure whatever you are applying right now are based on good business, good price, which is also what we thought, okay, during the OMI as well, step by step, okay? That is considered wise investing. And for myself, I also apply the same principles into my buying stocks or being doing option strategy is the same, right? For example, some of the traits that I just recently did, I just want to show you. Microsoft, right? Such a brilliant company. I love this business. And I entered about 208. And recently before the drop, quite luckily, I don't know why, but I just decided to take some profits, all right? So $238 was the profit point I decided to take. And in terms of stock wise, it was about 13% in six months, not too bad, okay? But because I also learned how to do options and I do see the power of doing the right option strategy on Microsoft, very solid company, the strategy that I did was strategy X, okay? If you're from OMI, you know what I'm talking about, right? So my ROI, even though it's the same price and I exited the same price as well, my ROI is so much higher. It's like close to 70% ROI, okay? Even though it's the same stock, but because options give you the ability to increase your ROI by the same time reduce your risk, okay? So the second one that I executed as well, it's called Square. Brilliant company, if I just were to hold on to the stock, buy it for two months, it's 30% gain, which is fantastic. But once again, using options, the return is always accelerated. So this is why I also love options very much. I really think that this investment vehicle is very powerful if you know what are you doing and if you are really following the rules, following the guidelines, the system, applying on the right company, the good price, okay, based on the technical analysis, everything that we actually thought in OMI, you will be able to see very, very consistent return for yourself, all right? I also know that maybe for the recent volatility, some of you are probably facing some losses in your options right now. But once again, if you are facing the losses and you are feeling worried, then you have to ask yourself, are you following the rules? Are you investing in the right company? Did you get them at the right price? And did you implement the strategies the step by step that we taught during OMI? If you did, then there's nothing much to worry because you give it time, the good company will increase in prices. So just relax, the bubble, the economy is not crashing and just hold on to it and you will be fine. In fact, I'm going to conduct a very, very special workshop as well for options, and I'm going to share with you four proven strategies to really profit from the stock and option market very, very safely next Friday. If you are interested in to learn some of the option strategies, of course you have OMI students already, you don't have to come because you already learned it. But on the other hand, if you are complete beginners and you are exploring ways to accelerate your return safely, using options as well, do join this workshop where I'm going to share with you four proven strategies that I personally use as well. Just go to this link, bit.ly, slash four strategies, 2-0-2-1, extremely applicable for 2-0-2-1. So make sure you go and sign up if you are keen to learn as well. So it's only a two-hour workshop, I'm going to share with you two four strategies. Next is, okay, people from Huxwai they're also asking, hey, what is your recommendation for platform? For example, if they want to buy options, if they want to do options, or they want to buy sell US stocks, what platforms am I using? Do I recommend? And secondly, do I set limit order when or do I set market order when buying and selling stocks? Okay, so let me answer a very, very good question is, okay, actually regardless, what kind of platform that you are using, the most important thing is, you need to be a good investor. Do you agree? Because I can give you a car, okay, I can give anyone a car, but if the driver is not good, the car is going to be a very dangerous vehicle, right? The car or maybe it can be very useless if the driver doesn't know how to use it, right? So at the end of the day, investing is the same thing. There are so many brokerage platform out there, right? But at the end of the day, their functionalities are almost the same. Most importantly, as you really start taking action, but you also have to take action cautiously with guidance, right? With the proper rules and feedback, and that's how you will be able to grow. So what platform am I personally using? I use TD Ameritrade. I really think that this is one of the most user-friendly platform, okay? Very slick. It has a lot of usage. At the same time, the data, everything is also free, okay? You don't have to pay anything. There's no hidden fee, no hidden fee, which is I like it a lot, okay? But I know that TD Ameritrade currently is like taking way longer, okay, to open account. Usually in the past, it takes like maybe one to two weeks. Now they take like three to four months, like very long time. So my advice is don't wait for TD to get back to you. If you are serious in terms of starting to invest, then get started as soon as possible with whatever brokerage that you can get access to. Like for example, Interactive Broker. It's a very, very good platform as well. You can get started very, very quickly. Usually one to two weeks, you can already fund your account and start investing. Okay? And the other hand, there's also Sexo, okay? The good thing about Sexo is also very fast, just like IB. But there's certain limitation in terms of, let's say you want to do options. Quite a lot of companies that even TD and IB, they have options in Sexo, you cannot find options. So there's certain limitations in the Sexo platform. But on the other hand, for IB, it's one of the largest brokerage platform in the world as well. So you don't have to worry about limitation. But just that in terms of the user-friendly wise, it's not as good as TD, right? So, yeah, so, Sir Key is saying that TD is taking six months to open. Yes, it's like super long time. So yeah, so that's why I would suggest you get started with whatever brokerage that you are familiar or you are okay to start with. Like Tiger Broker is also a good choice, right? I have some friends that actually started investing using Tiger Broker. So as long as you do your double check and it looks legit, everything, actually you can get started, right? That's the... And how does TD survive zero commissions? Okay, very good. Because TD is a company that you can consider to invest as well. In fact, IB is also zero commission. You buy, sell stocks in IB, it's also free, okay? But the thing is, I have to say that because of that, there are profit margin, their revenue really have quite a significant drop, okay? But on the other hand, when you are using brokerage platform like them, you can actually borrow money, okay? So when you are borrowing money, that's how they will charge you interest, okay? So there's definitely, there are fees that they will be able to charge you along the way, but I really advise you to invest within your means, okay? So whatever amount that you have, just invest with the amount, okay? Don't go and borrow and leverage and that will really cause yourself a lot of trouble, okay? So make sure invest within your means, all right? So Tiger can be used as well. Yeah, like what Eugene said, right? So the final question that I have from Hubspot is actually like this, I think it's a gentleman or something, right? So he said that he read a book and suggested 50% of the portfolio invest in home country and because he's from Singapore, then of course is to invest in SG stocks, right? But he been following it to a certain extent, but he also start to realize that how slow moving is the SG market and that's how he also started to shift towards the US market right now. And the thing is because of the US market, there is a lot more growth potential. So he's relatively young with little commitment and can afford risk, okay? In his opinion, US is more risky. So he's asking, do you think this is a sound approach? Okay, so my first reaction to this is, maybe some of you are probably like him, relatively young, just started investing and you don't mind having more growth driven, more risk, that means you don't mind having more risk, okay? But actually my first response to him is, investing in SG market doesn't mean that it's less risky, right? Because at the end of the day, it doesn't matter which market you invest in. It matters is what companies are you investing in. If you're investing in SG market but you invest in very lousy company, you can still go bust, right? We have seen it again and again, like so many blue chips can also become blue black, right? So it really doesn't matter. I think it's ridiculous to think that SG market, it's saver, US market is risky. I really don't think so. It really boils down to the quality of the business that you are investing in. And second thing is, I totally agree that SG market in terms of the growth potential, is so much lesser compared to US. And that is why I highly recommend for those who are still just investing in SG market, let me show you the truth. In the past 10 years, in fact, more than 10 years since 08 financial crisis, this is the movement of SG market, which is like it really barely moves up. It's just sideways all the time, right? Very, very sideways. But on the other hand, if you still remember US, this is the chart I show you from the beginning of this sharing. It has been going up trend all the time, regardless how many crisis we have been through in the 10 years time, right? So the cost of not investing is so huge because you literally miss out 200% return just by buying a US market ETF, which is SPY, 200% return. But on the other hand, if you invest in SG market, what is your return in 10 years time? Very, very little as compared to investing in the US. And the reason why you can think that US is much bigger economy and in Singapore, there is really so much room that we can grow as a country. Our population is so much lesser as well, right? So at the end of the day, I will highly recommend people who have not looked into the US market, right? Really start exploring because investing in the US doesn't mean that it's risky. We really have to really remove yourself from that misconception. What is truly risky is you don't understand what are you investing in, then becomes risky, right? But if you invest in businesses that you truly understand like let's say Google, let's say Amazon, you really know that they are great business, you're going to understand their fundamentals, you're going to understand their valuation. This is a beautiful business to invest long term, right? So at the end of the day, understand what you are investing in will give you the confidence, the conviction for you to buy more and that's how your wealth will also compound as well, right? IB charges for shares and options as well, which... Oh, okay, so Eileen is asking what platform can you buy China stock? Okay, I don't think IB can buy China, like mainland China stock, but you can use IB to buy Hong Kong listed stocks, okay, such as your Tencent, your Baba, as long as it's listed on Hong Kong, IB, you can use that, okay? But I don't think you can buy China, like Shanghai stock exchange, I don't think so. Yeah, so that's all I have to share. So once again, I am very happy that you are here spending this evening to come and learn like more than 100 of you watching at the same time, fantastic. So if you want to continue to learn from me, follow my investment insights, do join my Telegram channel, and I will also be, after sharing after this, I will also be sharing with you my recent ETF that I just purchased recently to further stabilise my portfolio. And in my opinion, this is a very good ETF to own for the long term as well, very good price. I just bought it like one week ago, so it shouldn't change much since I last bought it, so you can consider for yourself as well. But once again, it's never about buy or sell recommendation, make sure you go and understand what businesses or what ETF are you investing in so that you have the conviction to buy more when the market actually gives you the opportunity, right? So that is my Telegram, you can choose to follow that. And on top of that, okay, if you are keen to find out about the four proven strategies that I personally use to really how to navigate through all this uncertainty, how to invest safely, profitably using options as well, okay, then I am having this experience, I have not created everything yet. So make sure you go and register as a Google Form. Once you register via Google Form, we will be able to register you officially once we launch that landing pages for the workshop with all the emails, a reminder, everything. So, but the timing has already been set. It's next Friday, 7.30 to 9.30pm. And for those who are interested in, just go to this link, bit.ly, slash four strategies, 2021. Very, very useful for 2021 as well. So what is ETF? Okay, Derek, fantastic. If you miss whatever that I shared, right, make sure you can either watch the replay or you join my four proven strategies, which I'm going to cover much more in that step by step as well. So with that, yeah, I am more or less done. So any more, okay, so Eileen is asking any good China ETF to invest in, fantastic. In fact, in the past, I do invest in China ETF, but I sold it away because my biggest portfolio position is actually Tencent and Baba in terms of the China sector. And I decided to let go of my ETF so that I have more money to just buy these two stocks. But if you can consider China ETF, you can go to like Google China ETF. Like you have your FXI. Last time when I bought it, it was actually a Hong Kong-listed China ETF called Total China Vanguard ETF, which also gave me over 40% return by the time I sold it. I think long-term China is bullish, but I am more bullish towards the companies that I am willing to own. So that's why I decided to sell my ETF and invest in these two companies more instead, all right? So, yeah, so Derek, if you want King to find out what are the other ETFs that good to invest, do follow my Telegram channel because I will be sharing with you more inside my Telegram channel right after this, okay? Some one more very good ETF that I recently bought as well. So that's it that I have to share with you tonight. And once again, thank you everyone for joining. I hope you guys learned a lot, okay? Most importantly, I really want to use this session to inspire you guys to start taking action, okay? Because 2020, if you're never invested, you really have missed out a lot, but I can assure you that the economy is intact. In fact, we are already at the beginning of the next bull run. Make sure you grab this opportunity, start investing, start to enjoy the profits coming in by investing in the right business, right price, all right? And this is what we really want to serve you by really providing you the education and the skills that they truly need, all right? So with that, thank you everyone for coming down as well. And I wish you guys a happy, happy, great weekend. And I will see you very soon as well. Inside my Telegram channel, I will broadcast my latest ETF trade after this, all right? So I will see you inside my Telegram and next Friday workshop. Bye-bye.