Wai Mun Fong
National University of Singapore
Wai Mun Fong is Associate Professor of Finance at the National University of Singapore Business School where he teaches Personal Finance and Wealth Management. He is the author of two textbooks on personal finance (Personal Financial Planning and Personal Investment, both by Pearson) and a research monograph on investment entitled The Lottery Mindset: Investors, Gambling and the Stock Market (Palgrave-MacMillan, 2014). Wai Mun’s research interests include portfolio analytics, investment strategies, behavioral finance and market anomalies. His publications have appeared in Journal of Banking and Finance, Journal of Financial Markets, Journal of Empirical Finance and Journal of International Money and Finance. Wai Mun is on the Asia-Pacific Advisory Board of Brandes Institute, the research unit of leading investment firm, Brandes Investment Partners.
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Lifecycle investing with the profitable dividend yield strategy: simulations and nonparametric analysis
Using simulations, the author shows that life-cycle investing implemented on highly profitable and high dividend yield stocks (the profitable dividend yield strategy) provides a compelling solution to the suboptimality problem by leveraging on the…