Hi, we’re Ruiming and Wei Choon, the co-founders of The Woke Salaryman. We’re a web-comic with over 400k followers across our Instagram & Facebook platforms where we talk about personal finance, investments, career things and more.
Follow us on Instagram (@thewokesalaryman) or check out our articles at www.thewokesalaryman.com
Ep 16: Yip Pin Xiu on Competitive sports, Money, and Life after the Paralympics
Sorry, we started eating halfway through the podcast because Pin Xiu had to go after the recording and she didn't have time to eat. We apologize if the occasional eating sound is disturbing and do not blame anyone if they stop listening as a result 3
But anyway even though this episode is very chaotic it's one of our favorite ones we've done yet because Pin Xiu is hilarious.
Episode 15: The Parable of 10 Men: Do we need rich people?
A simple, yet though-provoking parable we found.
How do we take care of the poor? Does progressive tax work? What are the trade-offs when you tax the rich too much? Do we even need rich people for a city to prosper?
Read the parable here: https://www.irishexaminer.com/opinion/columnists/arid-20108946.html
Ep 14: FTX Collapse - Are content creators that plugged it shills? Could we have predicted it?
We talk about the recent crypto cataclysm and the pushback against content creators who plugged it.
(Sorry for the thumps we bought a new mic stand and it stands on the table so when we whack the table we'd be able to hear it. We will whack the table less in future.)
Ep 13: We ask an investment expert layman questions
Our guest Wey Fook is the Chief Investment Officer at DBS Bank.
btw THIS VIDEO IS NOT SPONSORED BY DBS. WE HAVE DONE SPONSORED WORK WITH THEM ON OUR WEBSITE BUT THIS VIDEO IS NOT. WE JUST ASKED IF WE COULD INTERVIEW WEY FOOK AND THEY SAID OKAY. IF OUR VIDEO IS EVER SPONSORED WE WILL TELL Y'ALL.
00:00 - 00:53 Intro
00:54: Wey Fook's journey from engineer to CIO
5:20 How Singapore has moved up the value chain
7:32 What exactly does a Chief Investment Officer do?
10:00 Wey Fook's career before being a CIO
10:30 what separates a CIO from a middle-management portfolio manager?
11:50 The importance of a bottom-up view of the market
12:50 Don't write off a whole investment class forever
14:37 Understanding the Margin of safety in investments
15:11 The democratisation of investment insights
16:23 Be disciplined, and make money slowly
17:10 Have a long-term view of your investments
18:27 Wealth is like a bar of soap - the more you touch it, the less it becomes
19:06 Views on the US stock market
21:05 What would happen if the S&P 500 falls to zero?
22:05 Crashes are driven by greed and fear
23:10 Are there any signs of a bubble that people can spot?
26:10 Thoughts on buying the S&P 500
27:56 Thoughts on the STI-ETF, Russell 1000
32:10 Indexes that haven't outperformed the bond market?
33:14 Do my investments contribute to society?
37:24 Understanding a stock's price discovery
38:28 Tying a company's share price to CEO performance
39:11 Shareholder vs stakeholder capitalism
43:23 ESG investing
45:14 Singapore Real Estate
47:33 What if you just don't invest?
49:18 What if you can't handle volatility
50:11 What are the options if you can't take any market volatility
52:05 Understanding portfolio construction
53:03 Don't buy individual stocks or bonds. Buy funds.
57:02 Importance of staying in the game to ride through volatility
58:04 There will always be bubbles
1:01:17 What if my projected return on investments do not beat inflation?
Ep 12: Boomer accuses Gen Z of being flaky, Millennials REACT.
(NOTE: In case y'all are interested, the OP recently posted a more serious reply to the story that you can check out on his FB wall.)
Ep 11: Escaping the cycle of poverty/abuse in Singapore (and more) w/ guest Thomas Chua
We talk to our first guest ever on the podcast about how he grew up poor in Singapore and how he broke the cycle.
Thomas is an investor and writer who founded steady compounding, a stock analysis blog that focuses on discovering and analysing 'investing concepts, business models, and timeless lessons from super investors.
We'll talk about Thomas' insights on investing, and also how he recently quit his iron rice bowl government job to run Steady Compounding full time. We also talk about what it was like growing up in a lower-income household, getting into fights in school and much more.
The episode on the FIRE movement was poorly researched. It felt like I was listening to a couple of uninformed people talk about it.