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The step-by-step system Ian Tai used to build a 6-figure portfolio that now pays him 5-figure annual dividends — distilled from 1,000+ annual reports into case studies of 50+ Malaysian and Singaporean dividend stocks. No stock tips. No charting software. No experience needed.
Created by KCLau & Ian Tai — financial authors, educators and stock investors
“I am getting dividends!”
“Through the course, I now have a better understanding of assessing a good company through its financial statements instead of relying on stock tips and speculation. Ian and KC are very dedicated to teaching and guiding people to grow their financial knowledge.”
As featured in New Straits Times · Smart Investor · Money Compass · Property Insights KC Lau is the author of more than 10 published books, including the bestseller Money Smart and his latest, Millionaire Roadmap
It is — if any of these sound familiar:
What you're about to read could change how you invest — and how much you'll have in your portfolio over the next 3–5 years.
Here's why.
I want to show you the complete strategy I use — without stock tips or charting software. It works best if you have zero knowledge or experience in the stock market.
And you can replicate it, if you have three things:
Stock investing is the progressive accumulation of highly profitable businesses at attractive valuations, over the long term.
Real investors can identify winners that build long-term wealth — and avoid losers that cost both time and money.
Without one, there is simply no way to build and manage a 5, 6 or even 7-figure portfolio in today's uncertain market.
Many people want financial abundance — yet fail to build meaningful wealth in the stock market.
Worse, many are still sitting on capital losses of 4, 5, even 6 figures in Ringgit.
Losing money hurts. But the real damage is internal: feeling stupid, losing confidence, bruised pride. So the losses get swept under the carpet — out of sight, out of touch — and many vow never to touch stocks again.
Before I figured this out, I believed stock investing was risky — that it took guts and luck to profit.
That belief started in the 1990s, when I was a primary schoolboy. I watched my uncles, aunties and elder cousins glued to stock counters and prices on TV screens and newspapers. When a price rose, some leapt for joy; others sighed in regret.
To me, the stock market looked like a way to get rich quickly without effort.
My dad — who knew nothing about investing — caught the euphoria and bought a couple of stocks.
Then came the Asian Financial Crisis. His stocks dropped more than 50%. The losses left him confused and utterly distraught.
He never touched stocks again. Even until today.
“It's never too late to learn — the DV programme helped me invest smarter at 70.”
“The DV programme has been very helpful and informative, especially to a complete newbie like me. The structure is spot on — Ian is doing a superb job of bringing the right dose of financial info to us. Thanks to the DV contents, I am in a better position to know where and what to look for in stocks.”
I used to think so. Stocks felt like gambling.
That changed at 18, during my A-Levels at TAR College (now TARUMT), when a classmate handed me Rich Dad Poor Dad. I became a junkie of investment books — Robert Kiyosaki, Mary Buffett, Pat Dorsey, Adam Khoo and more.
From them, I learnt that stock investing means buying great businesses at undervalued prices and holding them for the long term. What my father and relatives had been doing wasn't investing — it was gambling. And gambling is a sure-fire way to lose money fast.
So I learnt to study a company's business model, financials and valuation before buying its shares. Gradually, I came to believe that true stock investing is conservative — and that being risk-averse is exactly how you build a portfolio that is both profitable and sustainable.
Eager to invest my pocket money, I downloaded my first annual report — Maybank.
After 30 minutes, I was completely lost. I couldn't tell the difference between Public Bank, CIMB and RHB.
So instead of investing blindly, I signed up for ACCA to learn how to interpret financial reports. As my studies progressed, I practised on real annual reports — starting with simpler businesses like Nestle, Dutch Lady and Panasonic, then moving to complex ones: banks, property developers, construction, oil & gas.
I studied their business models and compiled 10 years of financial and stock price data into my Excel sheets.
After studying annual reports of 1,000+ stocks in Malaysia and Singapore, I discovered a pattern:
Stocks with simple business models that consistently grow sales, profits and operating cash flows tend to deliver both consistent dividends and sustainable capital appreciation.
In investing, simple is profitable.
So my game plan became simple too: find profitable stocks with simple business models, buy when undervalued, hold for the long term.
I started small and grew my portfolio as I sharpened my skills — learning about value traps, recalibrating my strategy. Through it all, dividends rolled into my bank account like clockwork.
Today, I own a 6-figure portfolio paying me 5-figure annual dividends. I collect dividends from almost 100% of my stocks, quarterly or semi-annually — in 8–9 months out of every 12.
“Everything is summarised in Dividend Vault — it saves me a lot of time.”
“Dividend Vault provides the information needed to select stocks and saves me a lot of time, as there is no need to go through all the financial reports again. It is updated frequently whenever a new financial report is released.”
Build a portfolio that puts money into your pocket regularly via dividends — real passive income you can see and enjoy, year after year.
Significantly reduce your investment mistakes and boost your chances of earning recurring dividends. No more sleepless nights when the market crashes.
Understand why your past investments lost money, rectify the mistakes, and reconstruct your portfolio — turning losses into recurring dividend income starting this year.
You want quick capital gains — buying a stock at $1 to sell at $2 in the shortest time. Firstly, I don't know how to do that. Secondly, I believe stock investing is about building wealth systematically and sustainably over the long term.
You want trade alerts, buy-sell calls, target prices, stock tips or recommendations. I believe they are not the tools necessary to invest profitably. My reliance is solely on actual information from a stock's annual reports, quarterly reports, press releases and investors' presentations.
You want sophisticated charting, technical analysis or trading tools. I'm a full-fledged dividend investor. I aim to earn recurring dividend income over a long time, not profits from trading.
You want us to invest your money on your behalf. Sorry — we don't offer such services to anyone, or intend to in the future. Our objective is to share the knowledge, experience and approach so you can build your portfolio independently. You should be your own fund manager, taking 100% ownership and responsibility for your investment decisions.
You want us to compensate your losses from any direct or indirect use of our materials. Sorry — if you make a loss investing, you bear 100% of your losses. Why? Because we don't take a single cent from your profits either: you keep 100% of your earnings and incur 100% of your losses. We have no control over your actions or inactions.
If you're cool with my house rules, here's the portfolio I'm building — and that you can replicate. Think of it as an income-generating machine that can:
Value investing means making decisions based on facts from credible sources: annual and quarterly reports, press releases, investors' presentations.
You invest only after carefully studying a stock's business model, management team, financial results, future plans and valuation ratios — which naturally focuses you on the top 5% of companies with the strongest business models and financials.
No relying on other people's opinions or hearsay. No guessing where the market or economy is heading.
That's why I can invest confidently: I do my own study and form my own conclusion on any stock before investing. It's a skill set that millions of value investors around the globe use to build profitable portfolios — and move closer to financial freedom.
See yourself as a business person — not someone trying their luck at a Genting casino.
Investing in stocks makes you co-owner of real businesses with real assets and customers, generating sales and profits repeatedly over the long term. It's like buying an apartment for incremental rental income — you want to own the asset that churns out profit consistently.
Let me walk you through an actual stock I personally invested in, so you can see the exact formula I use.
In the depths of the COVID-19 crash. Let's turn back the clock to before I clicked “Buy”. Here is the 5-step process I went through, using only DBS's annual and quarterly reports.
DBS is one of the 3 largest banking groups listed in Singapore. It earns two types of income:
Net interest income. Savers deposit money with DBS (savings, current, FD accounts); DBS pays interest on it. DBS then lends out those funds — mortgages, car loans, credit cards, personal and business loans — earning interest income. The difference is net interest income. A bank grows this by growing its loan portfolio.
DBS grew its loan portfolio consistently from S$ 130 billion in 2009 to S$ 358 billion in 2019 — driving net interest income from S$ 4.46 billion to S$ 9.63 billion.
Non-interest income. Mostly fees and commissions: wealth management, card fees, loan-related fees, transaction fees (trade & remittance), investment banking, stock brokerage. This grew from S$ 2.15 billion in 2009 to S$ 4.92 billion in 2019.
Combined, DBS's total income rose from S$ 6.60 billion in 2009 to S$ 14.54 billion in 2019.
Two costs matter for a bank: operating costs and impairment loss.
Operating costs. Employee costs, technology, rent, admin, utilities, marketing. The measure is the cost-to-income ratio — and DBS kept it at 40%–45% throughout 2009–2019. Costs rose in line with income, no faster.
Impairment loss. I want a bank to grow its loans — but conservatively, lending only to quality borrowers. The measure is the non-performing loan (NPL) ratio: lower is better.
DBS kept its NPL ratio low at 1.5% in 2019 — similar to UOB and OCBC, and much lower than most Malaysian banks (except Public Bank and Hong Leong Bank).
Rising income + good cost control + low NPL = a recipe for growing earnings and dividends.
DBS grew earnings from S$ 2.03 billion in 2009 to S$ 6.30 billion in 2019 — and raised its dividends per share (DPS) from 56 cents to S$ 1.23 over the same period.
Remember — this was 6 April 2020, mid-lockdown. Markets worldwide had crashed and nobody knew when the pandemic would end. I needed DBS to be financially resilient enough to survive it. I studied 3 ratios:
1. Total Capital Ratio (TCR) — can the bank absorb losses before becoming insolvent? The Monetary Authority of Singapore (MAS) requires a minimum TCR of 12.5%. DBS stayed well above 12.5% at all times in 2009–2019.
2. Liquidity Coverage Ratio (LCR) — can it meet short-term liquidity needs? Singapore's minimum is 100%. DBS stayed well above 100% in 2015–2019, with ample liquidity to fund future growth too.
3. Loan Allowance Coverage (LAC) — has it set aside enough reserves for loan losses? In 2019, DBS's LAC was 94% — higher than most banks listed in Malaysia and Singapore, except Public Bank and Hong Leong Bank.
Conclusion: DBS was financially resilient, with a strong balance sheet — further backed by “AA-” and “Aa1” credit ratings, among the highest in the world.
Fundamentally rock solid. That's half the battle won. But a good stock is only a good investment if its shares are undervalued or fairly valued. So:
By 6 April 2020, DBS had tumbled 25%–30%, from S$ 25–26 to S$ 18.47. Does a falling price automatically mean undervalued?
Not quite. A price drop alone proves nothing. Only after Steps 1–4 confirmed the fundamentals did I value the stock — by comparing its current P/E ratio and dividend yield against its own 10-year history.
Current valuation (6 April 2020). In 2019, DBS earned S$ 2.46 per share (EPS) and paid S$ 1.23 per share in dividends (DPS). At S$ 18.47:
| Metric | Calculation | Result |
|---|---|---|
| Current P/E Ratio | S$ 18.47 ÷ S$ 2.46 | 7.51 |
| Current Dividend Yield | (S$ 1.23 ÷ S$ 18.47) × 100% | 6.7% |
10-year history (2010–2019). Compiling DBS's closing prices, EPS and DPS for 2010–2019:
On both measures, DBS was undervalued.
On 6 April 2020, I invested in DBS at S$ 18.47 per share, despite COVID-19 uncertainty, because it had:
DBS's earnings declined to S$ 4.61 billion in 2020, on high impairment losses from COVID-hit borrowers.
On 29 July 2020, MAS directed all local Singapore banks to cap dividends at 60% of 2019 levels. So for 4 quarters (Q2 2020–Q1 2021), I earned less in dividends.
I applauded the decision. It strengthened the bank's capital position through COVID-19 — and because the cut was MAS-initiated, it said nothing about DBS's underlying ability to earn income and pay dividends. So I held on.
From 2021, DBS's earnings recovered to 2019 levels, then grew continuously through 2022–2025.
Blue bars: MAS-capped payouts (Q2 2020–Q1 2021). Green bar: includes a one-off special dividend of 50 cents. DPS figures adjusted for 1 bonus share received per 10 shares held.
Total gross returns: 368.1% in 6 years. (70.5% + 297.6%)
This is one actual investment, shared for education. Past performance is not indicative of future results, and individual results may vary.
You've just watched the 5-step process in action: first, identify high-quality dividend-paying stocks; second, value them properly so you buy when they're cheap or undervalued.
Master it, and you will:
This 5-step process is my blueprint — replicable in any stock market in the world. And now it's yours.
You could start today: download 10 years of annual reports, quarterly reports, presentations and press releases for your preferred stocks. Study them. Compile the financial data. Calculate 10 years of valuation ratios. It's all free and publicly available.
Sure — you can open a brokerage account and start buying shares today. Nobody's stopping you.
But my question is: how will you separate good stocks from bad ones without reading financial reports? How will you know a stock is undervalued or overpriced without calculating its valuation ratios?
If you sincerely want to make money from stocks, you cannot skip this process. Investing is a skill set, and skills take time. I've read annual reports daily for the past decade. If you want to become a doctor, you spend years in medical school first. Same principle.
You can't skip the work if you want to be consistently profitable. Period.
That said — years of daily studying is a long time. So what if:
If you're interested, I'm going to give a few of you that opportunity.
“It takes me less than 5 minutes to decide whether it's a good or bad company.”
“Sieving through all the reports would have taken me hours. At Dividend Vault, I have a library of good stocks and all their financial history — the valuation data is all there. Most of the stocks I purchased were based on the principles taught in the videos. Most of them are up and I'm enjoying a steady flow of dividend income.”
A master class and implementation programme. If you want to “copy and paste” an investment strategy that is proven to work, get it right from your first (or next) stock investment, and move one step closer to financial independence — this programme is for you. By the time we're done, you'll have a complete strategy for a portfolio that pays you incremental dividend income, quarterly or semi-annually, like clockwork.
Module 1
Learn the difference between speculating, trading and investing — and why the investor wins at building wealth. Then follow a simple roadmap to a 6-figure portfolio, literally from scratch.
Module 2
A full module debunking two myths: “stocks are risky” and “high risk, high returns”. Learn 5 perspectives on risk and the methods savvy investors use to reduce it — for a stronger portfolio that pays dividends consistently.
Module 3
The top 1% of investors invest with systems: one for stock selection and valuation, one for portfolio management. With them, there's no need for stock tips or buy-sell recommendations — you invest confidently and independently.
Module 4
How to identify solid business models worth accumulating — so your dividends keep rising as the businesses expand.
Module 5
Offence and defence. Learn to read financial statements to spot stocks that are highly income-productive (offence) and financially strong enough to withstand economic crises (defence).
Module 6
What will the business do to expand sustainably? Learn where to find the answers in annual reports, quarterly reports, corporate announcements, press releases and investor presentations — so you can assess any stock independently.
Module 7
Savvy investors value a stock before buying; everyone else chases prices. Learn to buy high-quality dividend stocks at bargain prices — and earn more in dividends and capital gains than those who buy in manias and sell in panics.
Module 8
“Should I cut losses, or buy more at lower prices?” A simple strategy with case studies — so you handle price declines and market crashes with confidence.
Module 9
“Should I keep, or sell and take my gains?” Case studies to help you decide — so you capture better capital appreciation and unlock potential windfalls.
Module 10
As your portfolio grows toward 5, 6 or even 7 figures, learn to expand, diversify and protect it — so income keeps flowing for the long term.
“The list has stocks beyond KLSE — it kick-started my journey to SGX and HKEX.”
“A step-by-step guide on how to evaluate strong companies with a good track record. The compilation of companies helped a lot, especially for someone working full time without much time for detailed due diligence. The case studies demonstrate real-life application of the theories.”
After the modules, you'll know how to build and manage a dividend portfolio independently. But you may still ask: “Will it take hours every day to study these stocks from scratch?”
Here's the thing: what if I gave you immediate, full access to my templates and case studies on 50+ high-quality dividend-paying stocks listed on Bursa Malaysia and the SGX?
You save an enormous amount of time by leveraging my ongoing compilation of vital financial data and my write-ups on each stock.
Feature #1
Under Profit Data: revenues, shareholders' earnings, EPS and Return on Equity (ROE) for each stock — the long-term track record of consistent earnings growth, at a glance.
Feature #2
Under Cash Data: does the stock consistently generate positive operating cash flows? If yes, it has the means to pay dividends and invest in further growth.
Feature #3
Under Segment Data: revenue and profit broken down by business segment and geographical market — so you know exactly where the income comes from.
Feature #4
Under Quarter Data: at least 5 years of quarterly results, so you can check for consistent growth in quarterly revenues and earnings.
Feature #5
Under Valuation Data: compare a stock's current P/E ratio, P/B ratio and dividend yield against its long-term history — and know whether it's undervalued, fairly valued or overpriced right now.
“Definitely a right way to kick-start the investing journey.”
“Dividend Vault taught some of the important parameters to look for when evaluating stocks. The step-by-step process is comprehensive, it builds the correct mindset and confidence. I'm very happy that I completed the challenge and was rewarded the bonus dividend.”
Hand-crafted materials that walk you, step by step, through how I assess a stock deal from scratch. Every case study has two parts:
My findings on the business model, annual and latest 12-month financial performance, balance sheet strength and — most importantly — its initiatives to grow. Identify great stocks and avoid the bad ones that cause losses.
Calculations of P/E ratio, P/B ratio and dividend yield, compared against long-term history. Learn the technique once, then apply it to any stock you're considering.
In essence: video tutorials, presentation slides, eBooks, plus templates and case studies of 50+ high-quality dividend-paying stocks — everything to kickstart a portfolio that pays dividends which increase year after year.
You've seen that it's absolutely possible to build a portfolio that pays recurring, growing dividends — without tips, rumours, hearsay, brokers' reports or sophisticated charting software.
The mindset, the skills, the game plan — you can copy and paste mine. The classes, templates and case studies of 50+ of the best dividend-paying stocks in Malaysia and Singapore are already waiting in the Private Member's Area.
“Each stock has its case study — a unique feature I thoroughly enjoyed.”
“Dividend Vault has made it easier for me to pick stocks because it consists only of stocks that are fundamentally strong. It also covers overseas markets, which gave me the opportunity to invest in them with peace of mind.”
A 3–4 day stock investing or trading workshop costs RM 5,000–RM 10,000 — and after days of intense training, you'd most likely still be stuck doing stock research on your own. Dividend Vault is a long-term companion that guides you step by step, at a fraction of typical workshop fees. Once you get the hang of it, the skill set is yours for life.
The fee has increased before — Dividend Vault launched at RM999 a year. It may rise again. But whatever price you join at is the price you keep for life. That's Guarantee #2.
The fact that you're still reading tells me you're serious about investment success. So here's what I'm going to do. If you're willing to invest in yourself today, I'm eager to invest in you — with an unprecedented 3-part guarantee.
Guarantee #1
For your first 30 days, if the membership isn't a good fit — contact our support team at support@kclau.com and we'll refund you in full, promptly.
If within 30 days you can't identify a sufficiently yielding dividend-paying stock, or you don't see how the members' area moves you toward financial freedom — email us, and we pay you back.
We usually process refunds within 24 hours. (If there's a delay over a prolonged holiday, we beg your pardon — we honour the cancellation based on the date of your email.)
Guarantee #2
Join at today's price and you lock in your subscription fee for life. NO increment, ever, for any reason.
Even as your dividends rise year after year, your cost of accessing our ongoing stock updates stays exactly the same. No price hike ever — promised.
The subscription auto-renews, but you can cancel anytime. No phone calls, no hidden pages: just email support@kclau.com and we'll cancel your access and auto-pay from the next due date.
Guarantee #3
This is where it gets interesting. I'm not here to sell you yet another membership programme — and I'm about to prove it.
My ultimate goal is to turn you into a successful investor earning recurring, increasing dividends. I'll do my part with the tools and materials. But you need to take action.
So I'm putting my money where my mouth is — with the Dividend Investing Challenge below.
Straight into your bank account. Here's how it works:
Watch and follow the tutorial videos in the modules. They equip you to understand my ongoing updates on the 50+ dividend stocks in Dividend Vault.
Browse the 50+ stocks and invest in 5 different stocks that meet all four criteria below.
Keep your investment account statements and dividend vouchers. After you receive your first dividend payment from each of your 5 stocks, email me the proof at ian@kclau.com. Complete it anytime within 12 months of subscribing, and I'll bank in your RM500 bonus dividend.
“Since adopted the concepts of Dividend Vault, I have never lose money and my wealth compounded.”
“Accumulating stocks of good companies when the P/E is lower than the 10-year average gives me margin of safety. Studying the financial reports and case studies enables me to make wiser buying decisions — and avoid buying just because everyone else is buying.”
“The Dividend Vault is a good place for newbies to start a portfolio.”
“There was a market crash in March 2020, and although it was a scary period for most investors, I was confident in selecting some good stocks based on the data compiled in this programme. I now have a small and productive portfolio of my own!”
“Dividend Vault saved me time and effort to find fundamentally strong stocks.”
“It helped me evaluate whether a stock price is fair, undervalued or overvalued. As a long-term value investor going for consistent dividends as passive income, Dividend Vault is what I'm looking for.”
“Dividend Vault is an excellent stock filter.”
“The modules are well designed and delivered — I love the use of daily-life analogies to explain investment concepts. The detailed assessments help me identify the stocks that meet my criteria.”
Every member pictured with a completion certificate has received their RM500 bonus dividend.
Testimonials reflect individual experiences. Individual results may vary, and past performance is not indicative of future results.
“Dividend Vault reduces the number of hours needed to research and screen through thousands of companies in both Malaysia and Singapore — especially for someone working full time. If you are unsure how to achieve consistent dividend yield, Dividend Vault is the website to go!”
“Ian has done the hardest part of the work: painstakingly compiling and updating tons of relevant data for members. There is nothing like this out there. It'll jumpstart your investing.”
“Dividend Vault is value for money — a gem you can hardly find anywhere else. Well-structured concepts and a simplified system that makes stock investment easier, safer, and saves time. The timely case studies help me find hidden gems at undervalued prices.”
“A very good source of summary of key areas to assess before making any investment.”
“A very detailed step-by-step guide. I have learnt how to pick a dividend-paying stock based on its revenues, net profit and net cash flow from operations over its 5 or 10-year record — and to invest in a stock when it is undervalued.”
“Comprehensive dividend training — testament to Ian's credibility mashed together with KC's experience as sifu.”
“A very good and profound intro. Hitting the right spot to clarify equity investing. A new pathway is opened 👍👍👍”
Testimonials reflect individual experiences. Individual results may vary.
I'm going to pay you to finish the modules, begin investing, and change your financial life.
Why? Because I want to reward people who take action. Turning you into a successful investor is, to me, far more meaningful than the money itself.
So there's literally no way to lose here:
Every member pictured completed the Dividend Investing Challenge and received the RM500 bonus dividend — and they're just the ones who sent us a photo. Many more members have completed the challenge and collected their bonus.
Here's what to do: click the button below. A fully secured checkout page will open — fill it up and submit. You'll access the members' area instantly. Watch the welcome video, follow the 10 modules, and build your portfolio with my templates and case studies of 50+ of the best dividend stocks in Malaysia and Singapore.
Book author, stock investor, trainer & speaker. Dividend investor. Author of 500+ financial articles featured on KCLau.com in Malaysia, and The Fifth Person, Value Invest Asia and Small Cap Asia in Singapore. Regular host and presenter of a weekly financial webinar with KCLau.com. Co-founder of Dividend Vault and Growth Vault — online memberships that empower retail investors to build profitable long-term stock portfolios.
Financial educator, trainer & author. Helps Malaysian adults achieve financial independence through smart allocation of income and assets. Author of more than 10 published books, including the bestseller Money Smart — also translated into Chinese and Malay editions — and his latest, Millionaire Roadmap. Creator of over a dozen online financial courses, including Bursa Method, Dividend Vault, REIT Method, High Fly Method and Money Automation System. Columnist for Money Compass, Property Insights, New Straits Times, Smart Investor and more.
Here's everything you'll be getting:
RM1988 / year locked in for life
“The course content has guided me on understanding and determining which stocks are worth obtaining, and formulating a game plan. The case studies and shortlisting of dividend-generating stocks have helped me expand my portfolio.”
“Dividend Vault helped me build a dividend portfolio through the step-by-step case studies and the top stocks list. My portfolio return has been growing consistently since 2021.”
Questions before joining? Email support@kclau.com, WhatsApp us at +6014 833 0979, or visit kclau.com/support. We're happy to help.