Written Testimonials from Dividend Machines Students

Systematic analysis. Great to understand. If the trainers also included more advice in building a portfolio, that would be even better! They also highlighted important points on the various steps in the analysis and the sharing of real-life experience through investment case studies was impactful.

Hong Qi Kok

Easy to understand and detailed course content. Trainers are willing to share their real-life experiences and mistakes which is very useful!

Steven Yap

The step-by-step coaching materials are well-prepared and the course offers a very systematic process to teach us. The trainers are also willing to share knowledge with participants.


There’s a lot of information and content provided in this course. The trainers also shared good examples, how to calculate important ratios, and where to get the most important information needed.

Liow Kwang Wei

The teaching and notes in Dividend Machines are very systematic and organized. Very clear explanations and easy to absorb.

Susan Chong

Practical exercises, hands-on calculation, and clear concepts & ideas on how to turn risk into opportunity. I liked the step-by-step process to select dividend stocks and REITs in the course.

Wee Luen

Dividend Machines has given me a solution that I’ve personally been looking for. The course had sharp insights and I like the 8-step process to pick the right dividend stocks.

Nigel Chua

Dividend Machines was very elaborate on each of the steps in picking a good dividend stock and has good case studies for better understanding of the concepts taught. Realizing the sustainability of dividend payout when picking a dividend stock was most useful and critical for me.

Goh Boon Keong

I liked the honest sharing of information and the trainers helped to clarify doubts. Victor and Rusmin were both insightful and passionate in their teaching.

Chong Soon Kuan

The course is good for novices like me. I found the examples shared, case studies, and the topic on excess rights very useful.


Dividend Machines is systematic, easy to understand, and offers real case studies. Enjoyed the course!


I liked the real-life case studies the most. The trainers are candid, patient and have profound investment knowledge.

Lim Lay Hong

The course has comprehensive methodology for both income stocks and REIT investment. The topic on potential fraud detection was very useful and not commonly taught anywhere else.

Giselle Kwok

The course is very concise and well structured. I found the 8-step process to screen dividend stocks useful and was impressed by Rusmin’s deep understanding on REITs and the 4 investment quadrants used to pick and value a REIT.

Chang Wai Lurn

The walkthrough steps and exercises are very useful. Would have liked more exercises on stocks we can try on though! The tips and warnings the trainers  gave on how a certain strategy can make or break an investment was insightful.

Desmond Chin

I liked most the 8 steps and ample information on identifying quality income stocks and REITs. The sharing of case studies also helped to make things clear. Besides the SGX, I found the views on the Malaysia, Thailand and Hong Kong markets most useful.

Justin Peck

The framework for investing via dividends in REITs and stocks are concise and meaningful and can be readily applied. Furthermore, the examples given are real-life and this gives the framework even more validity. The trainers explain each step of the investment in stocks clearly with real-life examples and explain how each step of investment in REITs can be carried out. REITs don’t seem as daunting now after the explanations.


Just like to take this opportunity to thank The Fifth Person for Dividend Machines. It’s really an enriching course with a lot of new materials for beginners and served as a good revision for the experienced. Thank you Victor, Rusmin and the rest of the team for delivering the course. I appreciate your time and effort!

Nah Wei Xiang

What I like most about Dividend Machines is that its systematic approach to analyse dividend stocks. I find the questions & answers between trainers and students very insightful as well.

Jaslyn Low

What I like most about Dividend Machines is that it tells me where to pick the most important information from a company’s annual reports. I also found the step on how to avoid potentially fraudulent companies very useful along with knowing how the proper way to use NAV to value a REIT.

Lek Wee Keat

Dividend Machines has  given me a clear idea and information about Singapore REITs. The steps in the dividend stock analysis was insightful especially for beginners.

Daren Goh

It was easy to apply the set of criteria on stock selection. The 8 steps to identify the best dividend stocks and the quadrant model on REITs, especially the portion on NAV, was very useful.

Derek Yang

I liked the concept of using historically high and low dividend yields for entry and exit in dividend stocks. The selection process for income stocks and REITs was most useful.

Jason Koh

I like the step-by-step information and notes that accompany the course. The trainers gave interesting highlights on real-life case studies and are experts in the field. Rusmin and Victor are both very knowledgeable and sincere, filled with lots of ideas and knowledge.


Rusmin & Victor are highly knowledgeable, shared real-life cases and are very approachable with questions. Impressive! They were very focused and keen to impart their knowledge and experience on income stocks and I learned a lot about REITs which was what I was most interested in.


Well-prepared course material. Very honest and heart-willing sharing of the instructors. Dividend Machines has an easy-to-understand presentation of its 8-step process. I also liked the insightful knowledge and sharing of REITs analysis.

Susan Lim

I got to learn the step-by-step process on selecting good dividend growth stocks and learned more on REITs. The 8-step dividend machines process was extremely useful and the process of selecting REITs was something new to me. Thank you!

Andronicus Kok

Dividend Machines was insightful, hands-on, and step by step. Keep it up!

Marcus Ho

The course material is presented in a very systematic manner. Victor and Rusmin have real-world knowledge and are a great tag team.

Chuan Teo

Easy to understand! The trainers highlighted opportunities in various markets and also how to detect and avoid companies that are potentially fraudulent. They were objective and their sharing on investing in REITs was useful as well.

Lynne Lim