Wealthi's co-founder Domenic Nesci speaks with Maqro Capital's founder, Conrad Song, to share his investment philosophy and the tips to build and manage an investment portfolio.   

Dom and Conrad discuss a range of topics throughout this conversation, including the fundamental principles Maqro Capital follows to invest, risk management, and how to set up your investment portfolio against volatility in the market.   

Conrad also notes the key to building wealth and investing well, comes down to having a clear strategic plan. The road towards wealth requires hard work, sacrifices,  and the eagerness to learn from those who are much smarter than you.

Domenic Nesci: (14:00)

I want to talk to you about what you're seeing in the market, because I mean it is a funny time. It is a funny time in the market and what kind of things are you seeing that are relevant for the average investor, or relevant to even you and how should we be responding to this current economic environment?

Conrad Song: (14:24)

Yeah. I guess there's a lot of variables to it, but firstly obviously we're coming out of COVID. Or, at least domestically, here locally we are. And then all of the normalization effects that will happen from that I think need to be very carefully implemented or strategized when taking up allocations into the market. For example, there are companies that did really well during COVID and as we come out of lockdown, they will continue to do well, because it's almost like this shift in trend or this shift in behavior that's happened. Whereas there are other businesses or industries that historically might have done well during lockdown and COVID, but they will revert and normalize. And I think investors need to understand what parts of their portfolio are falling into those other buckets, right? Outside of that, we're at extremely elevated levels.

Conrad Song: (21:44)

Diversification is numbers. You're not diversified just because you have a stock in this industry compared to let's say that industry. You're diversified because the correlation between those two allows for that diversification or that reduction of volatility.

Domenic Nesci: (23:26)

If I listen to you carefully, the thing that sounds ... The throughline in all of that is don't get caught up in any one economic indicator or policy decision. Like, certainly pay attention and respond, but you need to really be paying attention to the fundamentals of that specific investment. Whether it's a company or a property, there are specific things that impact that business or impact that property that's going to make it a good investment.

#Wealthi #MaqroCapital #investments #data #research #stockmarket