The Dalio Market Principles Online Program

Yes. The 'Investment Principles' module and the proprietary Portfolio Simulator are core components. They are designed to provide a practical, hands-on experience, making this an effective portfolio construction course for aspiring and current investors.

This is the only programme developed directly with Ray Dalio, teaching the specific principles he created. Unlike a purely theoretical economic principles course, this programme provides proprietary tools like the AI Tutor and Portfolio Simulator to help you apply these concepts.

The Dalio Market Principles Online (DMPO) programme is a 30-hour online course designed to be completed over a three-month period. In contrast, the standalone programmes—Investment Principles and Economic & Market Principles—are 15 hours each and structured for completion within two months. Throughout the duration of the programmes, participants are expected to complete all course materials and assessments.

Participants will have access to all programme resources, including the Portfolio Simulator and Generative AI Tutor, for up to one year from the course start date. This extended access provides learners with the opportunity to revisit materials and further refine skills and knowledge at their own pace.

The course is structured into two main tracks:

Investment Principles: This explores Ray Dalio's investment approach, focusing on fundamental, systematic, and diversified strategies. Key topics covered include the drivers of asset returns, alpha and beta portfolios (including Ray Dalio's pioneering All-Weather approach), and portfolio construction. Participants will gain hands-on experience using the Portfolio Simulator to create portfolios tailored to various goals and constraints, while stress-testing their strategies across different economic and market environments.

Economic & Market Principles: This provides a practical framework for understanding economies and markets, focusing on key drivers of economic activity and market movements. Topics include business cycles, debt cycles, and the management of various financial crises. Participants will learn to navigate paradigm shifts, anticipate changes in markets and currencies, and explore the rise and fall of nations.

For participants enrolled in both tracks, we recommend starting with Investment Principles for a more cohesive flow of content.

As a special resource for learners undertaking the DMP Online Programme, participants will gain access to a curated set of Ray's client notes (his Daily Observations), written at key periods of major market events over the past 20 years.

These notes provide insights into Ray's thinking at key junctures in the markets, and can serve as a starting point for your own reflections.

Yes, though the majority of course material has not been published and extends beyond Ray Dalio's published works.

The Portfolio Simulator covers over 100 years of actual market and economic data across more than 40 major economies. This historical perspective is crucial, as it allows participants to understand the full range of economic and macro environments that have occurred—and may recur—in the future.

The Portfolio Simulator focuses on asset classes, such as equities, bonds and commodities – rather than individual stocks. This allows participants to understand broader market dynamics, and the impact of the macro environment on different types of assets.

Yes, case studies use actual historical data relevant to the period being analysed, including data up to 2023.

The Dalio Market Principles in-person program is an intensive 5-day course held annually in Singapore. It features live interactions and in-depth discussions with faculty and fellow learners.

Dalio Market Principles Online offers the same core content, enhanced with innovative learning tools such as the Generative AI Tutor and the Portfolio Simulator. It is designed for a global audience across all levels, allowing participants to learn online at their own pace.

Participants will have access to all programme resources, including the Portfolio Simulator and Generative AI tutor, for up to one year from the course start date.

Information regarding extended access or subscription options will be shared at the end of your access period.

Learners applying for Singapore government subsidies must complete the program and assessments within the required timeframe:

Standalone course (Investment Principles or Economic & Market Principles): within 2 months

Full Program (both modules): within 4 months

International learners or learners not applying for Singapore government funding support may take up to a year to complete the course at their own pace.

Yes, participants can connect through an online discussion forum within the learning portal. In addition, there are optional live virtual workshops held with faculty.

We will also periodically organise events for alumni to meet each other.

Yes, you are allowed up to three attempts to pass the assessments.

Eligible Singapore Citizens and Permanent Residents will enjoy the following subsidies and funding – SkillsFuture Singapore (SSG) and IBF Standards Training Schemes.

For eligible Singapore Citizens and Permanent Residents, there is no need for you to make any separate claims for funding. WMI will apply for the IBF funding on your behalf, though we will request that you provide us with the relevant information to do so.

Find out more: https://www.ibf.org.sg/home/for-individuals/skills-and-jobs-development/training-support/IBF-STS (opens in a new tab)

For Singapore citizens only:

Yes, eligible SG citizens may utilise Skillsfuture Credits to offset course fees. This is only applicable for the regular Skillsfuture Credit, and not applicable for the SkillsFuture Credit (Mid-Career) additional top-up funding. All eligible Singapore citizens will be able to access their SFC account here.

BEFORE accessing any online learning modules or commencing the course:

Full fee per module is payable upon issuance of invoice. For withdrawal due to (a) health (b) compassionate reasons, full refund except for applicable administration/registration fees. For other withdrawal, 10% of the full fee per module is payable.

AFTER accessing any online modules or commencing the course:

100% of the full fee per module is payable, regardless of start date of classroom session.

We accept payment via credit card. Unfortunately, we do not allow splitting of payment across separate credit card transactions.

For Singapore citizens and permanent residents, we accept 'PayNow' as another mode of payment.

In all cases, nett Program Fees must be paid in full (in SGD Dollars) to complete registration.

There is no difference in enrolling between local and international participants. Both groups have the same access to the program content and resources. However, funding options may vary depending on residency status.

Singapore Citizens and Permanent Residents can benefit from funding support under the IBF Standards Training Scheme (IBF-STS). SkillsFuture Credit can be utilized to offset the balance of the Dalio Market Principles Online program fees after IBF subsidy.

Yes.

DMP Online (full program): 30 CPD hours (4 Core SFA/FAA hours)

Economic Principles: 15 CPD hours (2 Core SFA/FAA hours)

Investment Principles: 15 CPD hours (2 Core SFA/FAA hours)