Steady Compounding

Featured on MoneyFM 89.3, Seedly, Vintage Value Investing, The Financial Coconut and more.

Spoke at events, including the Seedly Personal Financial 2021 on "Everything You Need To Know Before You Start Investing" to over 1,000 participants.

Writer at steadycompounding.com and focuses on company analysis, timeless investment concepts and personal finance.

The purpose of writing this blog is to organize my thoughts and further my learning, as an extension to a journal that I keep in hard copy. And hopefully, my experiences will be able to benefit readers as you develop your own investment process or framework to life.

In the process, I’m hoping to connect with like-minded individuals so that we can share ideas and learn from each other. Life and investing are similar, it is a marathon and the key is to get better one day at a time.

Founder

Inland Revenue Authority of Singapore (IRAS)

IRAS Undergraduate Scholarship Award

Work closely with OECD and participating jurisdictions to ensure tax transparency and protect Singapore's competitive position.

Monitoring the development of e-money, virtual assets, digital banking, and gig economy on how it could affect taxation at the international landscape.

Senior Tax Information Exchange Officer [International Tax & Relations Division]

Handled Corporate Tax administration and policies with a data driven approach.
• Forecasted and analysed revenue data, and proposed strategies to optimise operational efficiency.
• Proposed policies to steamline tax filing obligations for SMEs by working with private software vendors, ACRA and internal stakeholders. For e.g. By allowing small companies to combine their ACRA's and IRAS' filing, reducing the need to engage third parties twice a year.
• Made use of data from companies filing to identify the cost and benefits to IRAS and our stakeholders for implementing changes to streamline filing requirements.
• Work with HR and third parties (e.g. Brightsparks) on talent acquisition.

Senior Tax Officer [Corporate Tax Division]

Responsible for IRAS' digital transformation, incorporating the use of data analytics and behavioral insights for effective tax collection.
• Developed an e-learning platform to guide business owners on how to e-file their foreign employees form IR21 by collaborating with various stakeholders, including business owners, vendors and taxpayers.
• Successfully hosted Inland Revenue Board of Msia (IRBM) for Revenue Games in Singapore for a 3 days sports event which involved all senior management from IRAS and IRBM to deepen our relationships and enhance collaborative efforts.
• Enrich well-being of 2000+ IRAS' staffs and their family members by collaborating with Universal Studios Singapore (USS) for a private night event.
• Use of data analytics to target specific groups of taxpayers who require further education to efficiently allocate resources in outreach efforts.

Senior Tax Officer [Individual Income Tax Division]

Ministry of Defence of Singapore

Managed MINDEF's talent pool. This includes designing their career road maps, providing training & exposure for high performing officers through seminars and overseas immersion programmes.

Officers' Personnel Centre

Bloomberg LP

Responsible for managing the training business in Bloomberg. Organize training programs for employees, to ensure that they have the knowledge and skills to sell our products.
Training programs spans from financial markets knowledge, to leadership and to selling techniques.

Analyst

I'm passionate about investing, lifelong learning, and teaching. 

Margin of Safety, the most important 3 words in investing. Apart from looking at companies that generate a high return on capital with a long growth runway, I look to buy them at fair value or at a discount. Let Mr Market be your servant and not your guide.

Writer at value investing and personal development blog - steadycompounding.com

You can also find me on Twitter - https://twitter.com/SteadyCompound

Graduated from NUS with a Bachelor of Business Administration with Honors (Distinction), specializing in finance and management. Represented NUS and Singapore in Basketball for Singapore University Games, Institute-Varsity-Polytechnic Games and ASEAN University Games.

Reading is one of the most powerful tools for gaining wisdom and sharpening your financial skills. 

Take advantage of Amazon's Prime Day and check out these 8 books that could take your investment game to the next level:

1. One Up On Wall Street by Peter Lynch: Gain insights from a legendary fund manager who believes individual investors can outperform the pros by investing in what they know.

2. The Psychology of Money by Morgan Housel: Explore the psychological aspects of money and investing, and learn how our emotions and biases can impact our financial decisions.

3. The Tao of Charlie Munger by David Clark: Delve into the wisdom and investment philosophy of Charlie Munger, Warren Buffett's longtime business partner, and learn how to apply his principles to your own investment decisions.

4. Richer, Wiser, Happier by William Green: Discover the secrets of the world's greatest investors, including their strategies, philosophies, and life lessons, through in-depth interviews and profiles.

5. The Investment Checklist by Michael Shearn: Master the art of in-depth research with this comprehensive checklist to evaluate potential investments and avoid costly mistakes.

6. What I Learned About Investing from Darwin by Pulak Prasad: Apply principles of evolution and adaptation to the stock market, understanding how to thrive in changing environments.

7. 100 Baggers by Christopher Mayer: Discover the strategies and characteristics of stocks that have the potential to increase in value by 100 times or more.

8. The Joys of Compounding by Gautam Baid: Explore the power of compounding and how it can help investors achieve long-term financial success through consistent, disciplined investing.

Investing doesn't require you to reinvent the wheel. 

I've spent 100s of hours studying super investors.

And put together a 20-day email course featuring insights from Warren Buffett, Nick Sleep, and more.

Click here to grab it (entirely free): https://lnkd.in/gDCFe69S

Thomas Chua

The "next big thing" that turned out meh:

- NFTs
- Web3
- Fake meat
- Legal marijuana
- Tons of SPACs
- Google+
- WeWork

The world has seen many examples of things that were hailed as changing the world, but didn't quite live up to the hype.

This isn't to say it failed, but it wasn't quite as revolutionary as most people had hoped.

Investors love it when the media spotlights the "next big thing".

Because it's sexy, exciting... and sometimes frightening.

But remember this, good investing is usually boring.

Most of the "next big thing" will turn out to be meh. Although they usually come with eye-popping valuations.

Stay rationale.

The internet is great, but there is also a lot of crap out there.

A poor information diet leads to poor investment decisions.

So my free newsletter 3-Bullet Sunday shares only the three best pieces of investing content with 10k+ investors.

Join here: https://lnkd.in/gV-w5XX

It's incredible how much investing knowledge is available out there for free.

This comprehensive list covers a wide range of topics, from educational content for beginners to expert insights, leadership biographies, and in-depth business analyses.

When I first started investing, I was overwhelmed by the sheer amount of information out there. That's why I created a free 20-day email course that distills the wisdom of super investors like Warren Buffett, Peter Lynch, and Chuck Akre.

You can grab the course for FREE here: https://lnkd.in/gDCFe69S

What are your favorite investing podcasts? Share your recommendations in the comments below!

I've learned a lot since I started investing during the financial crisis, and one of the biggest lessons is this:

reading books alone won't make you an investor. 

You need to get your hands dirty, analyze financials, and make decisions. It's a steep learning curve, but the rewards are worth it.

Which is why I'm hosting a two-day live bootcamp where we'll analyze a company from start to finish together as part of this Steady Compounding Investing Academy launch. 

This is an incredible opportunity to learn from my experience and get your questions answered in real time.

If you're serious about becoming a better investor in 2024, I encourage you to check out the Steady Compounding Investing Academy. 

The doors are open for a limited time only, so don't miss out!

👉 https://lnkd.in/gaZDVrU5

What I'll do differently

What's the one thing that the stock market absolutely hates?


The stock market is not a fan of uncertainty. News of missed earnings targets, shifting consumer preferences, or global events can send prices tumbling. Remember the sharp declines of Netflix, Meta, and Adyen when faced with their own challenges?

Yet, these same stocks have since roared back, illustrating a crucial distinction: 

Uncertainty is not the same as risk.

Savvy investors understand this difference. They recognize that periods of high uncertainty can create opportunities. When fear drives prices down, fundamentally strong businesses may become undervalued.

The key during uncertain times is to start applying second-order thinking. As investors, we must think beyond surface-level impacts:

📰 Look beyond the headlines. Don’t just react to the initial news. Dig deeper to understand the underlying causes and potential long-term impacts.

💪 Assess a company’s resilience. Can the company adapt to the challenge? Does it have a strong track record of overcoming obstacles?

⌚ Expand your time horizon. What would things look like in 5 weeks, 5 months, and 5 years? Would the challenge they’re facing today still be relevant?

Investing is inherently about the future, and by extension, it will always involve some degree of uncertainty.

However, one thing is certain: 

When prices are low for wonderful businesses, they become less risky investments. 

Even modest improvements in a company’s circumstances can translate into positive outcomes for investors who have the patience and perspective to see beyond the storm.

Compound steadily,
Thomas

P.S.
Earlier this year, Tesla faced significant challenges, becoming the worst performer among the magnificent seven as its stock plunged over 40% to $139. On April 19, I published an exclusive report for Steady Compounding Insider Stocks members, explaining why I believe the market has overreacted and that these challenges are temporary.

I’ve removed the paywall from this report for the next 3 days only.

Check out "What's going on at Tesla?" here:

https://lnkd.in/gf98_jQp

Steady Compounding Investing Academy 2024 is LIVE.

This will empower you to analyze stocks from start to finish, perform valuations and make your own investment decisions.  

This weekend, I'm offering an exclusive launch offer  

Interested?  

Take a read at the link here: https://lnkd.in/gD8MVysF

There's danger of linear thinking in complex systems. 

And the financial markets provide ample evidence of this. 

As Charlie Munger famously observed, “too little attention [is given] in economics to second order and even higher order effects. This defect is quite understandable, because the consequences have consequences, and the consequences of the consequences have consequences, and so on. It gets very complicated.”

Check out my latest piece:

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