Master the market by understanding the principles that drive markets, economics and investment performance
Year-long access to all interactive tools — Generative AI Tutor, Portfolio Simulator and Case Studies
A 30-hour robust online curriculum designed with Ray Dalio
Learn at your own pace while connecting to a global community of like-minded investors
The Dalio Market Principles (DMP) Online Program is a first-of-its-kind program developed with Ray Dalio, Founder and Mentor of Bridgewater Associates (one of the world’s largest hedge funds) and the Dalio Family Office. It is a comprehensive macro investing course designed to help you master the timeless frameworks for navigating global markets. In this program, you will learn Ray Dalio’s investment strategy and principles directly from the source. Ray has been a global macro investor for over 50 years, and his investment innovations and thought leadership have made a lasting mark on the industry.
Our highly immersive and interactive curriculum will challenge you to reconsider how markets and economies really work and to develop your own investment principles and approach.
The DMP Online Program consists of two standalone programs: the Economic & Market Principles online program and the Investment Principles online program. You are encouraged to take both to have a complete learning experience.
Singaporeans and PRs enjoy exclusive government subsidies that can cover up to 70% of course fees. Learn from a world-class program at unmatched value.
S$2,000.00
S$180.00
IBF Subsidies ?
- S$ 1400.00
SFC Credits ?
- S$ 500.00
S$2,000.00
S$180.00
IBF Subsidies ?
- S$1,000.00
SFC Credits ?
- S$500.00
S$2,000.00
S$180.00
IBF Subsidies ?
- S$1,000.00
SFC Credits ?
S$2,000.00
S$180.00
IBF Subsidies ?
SFC Credits ?
S$1,250.00
S$112.50
IBF Subsidies ?
- S$875.00
SFC Credits ?
- S$487.50
S$1,250.00
S$112.50
IBF Subsidies ?
- S$625.00
SFC Credits ?
- S$500.00
S$1,250.00
S$112.50
IBF Subsidies ?
- S$625.00
SFC Credits ?
S$1,250.00
S$112.50
IBF Subsidies ?
SFC Credits ?
IBF Standards Training Scheme (IBF-STS) funding
Funding is automatically applied at checkout for eligible learners.
Learn more about IBF-STS here.
SkillsFuture Credit (SFC):
Eligible learners can claim SFC before checkout.
Learn more about SSG here.
NTUC UTAP Support:
Learn more about UTAP here.
Terms and Conditions apply.
Just like having a world class investor as a personal coach, use our Generative AI Tutor to answer questions, get feedback, search through a vast repository of Ray’s writings, and learn at your own pace.
In markets and economies, the same things happen over and over again because the same cause-and-effect linkages are at work. See this in action across major market events through thoughtfully-curated case studies that are based on actual historical data, understand the underlying linkages and learn how to build portfolios to navigate these shifts.
See how your expectations for the future and investment decisions measure up, and learn from your mistakes in a safe space. This tool is a core component of what makes this a practical portfolio construction course, allowing you to create and stress test portfolios, disaggregate your portfolio’s performance across different macro-environments, and explore market and economic data from 40 major economies over the last 100 years.
Next Start Date
16 January 2026
Registration Closes on 15 January 2026
Dalio Market Principles Online
Economic & Market Principles
Estimated completion time may vary for each individual.
To be eligible for government subsidies, learners must complete the program and assessments within the required timeframe:
Learners not applying for government funding support may take up to a year to complete the course at their own pace.
This course is eligible for IBF-STS CPD hours.
Explore the full curriculum that unpacks the timeless investment and economic principles developed by Ray Dalio. You’ll gain a structured understanding of how markets and economies really work — and how to navigate them with confidence.
Would recommend DMP Online*
Found our videos, animations, and case studies engaging
Source: Data based on survey responses from participants in the Pioneer Cohort of the Dalio Market Principles Online (DMPO) Program.
* Based on the Pioneer Cohort of our full program
Source: Responses from participants in the 2024 DMP Online Program.
Fill in the form below to receive the full curriculum information.
A program manager will reach out to you shortly.
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 program developed directly with Ray Dalio, teaching the specific principles he created. Unlike a purely theoretical economic principles course, this program provides proprietary tools like the AI Tutor and Portfolio Simulator to help you apply these concepts.
The Dalio Market Principles Online (DMPO) program is a 30-hour online course designed to be completed over a three-month period. In contrast, the standalone programs—Investment Principles and Economic & Market Principles—are 15 hours each and structured for completion within two months. Throughout the duration of the programs, participants are expected to complete all course materials and assessments.
Participants will have access to all program 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 Program, 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 program 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:
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.
Yes, you are allowed up to three attempts to pass the assessments.
Master the market by understanding the principles that drive markets, economics and investment performance
Year-long access to all interactive tools — Generative AI Tutor, Portfolio Simulator and Case Studies
A 30-hour robust online curriculum designed with Ray Dalio
Learn at your own pace while connecting to a global community of like-minded investors
The Dalio Market Principles (DMP) Online Program is a first-of-its-kind program developed with Ray Dalio, Founder and Mentor of Bridgewater Associates (one of the world’s largest hedge funds) and the Dalio Family Office. It is a comprehensive macro investing course designed to help you master the timeless frameworks for navigating global markets. In this program, you will learn Ray Dalio’s investment strategy and principles directly from the source. Ray has been a global macro investor for over 50 years, and his investment innovations and thought leadership have made a lasting mark on the industry.
Our highly immersive and interactive curriculum will challenge you to reconsider how markets and economies really work and to develop your own investment principles and approach.
The DMP Online Program consists of two standalone programs: the Economic & Market Principles online program and the Investment Principles online program. You are encouraged to take both to have a complete learning experience.
Request For InfoSingaporeans and PRs enjoy exclusive government subsidies that can cover up to 70% of course fees. Learn from a world-class program at unmatched value.
Bringing you lessons directly from Ray DalioHear Ray share about the principles and insights that he developed across his 50+ years as a global macro investor. Use his principles as a springboard to develop your own. Stay curious and engaged with a highly interactive learning experienceDive into a dynamic and interactive learning experience with videos, animations, and simulations. Immerse yourself in frequent activities that challenge your understanding and reinforce your learning. Attend ‘live’ tutorials, and engage with Ray Dalio and a global community of investorsJoin a thriving network of ambitious investors from around the world who share your passion for learning and growth. Gain exclusive access to live tutorials, webinars, and special events where you can connect directly with Ray Dalio and his team, exchange insights, and broaden your understanding of global markets.
Request for Info
Leverage Generative AI to personalize your learningJust like having a world class investor as a personal coach, use our Generative AI Tutor to answer questions, get feedback, search through a vast repository of Ray's writings, and learn at your own pace.
Experience real-world learning - 'live through' major market events throughout historyIn markets and economies, the same things happen over and over again because the same cause-and-effect linkages are at work. See this in action across major market events through thoughtfully-curated case studies that are based on actual historical data, understand the underlying linkages and learn how to build portfolios to navigate these shifts.
A Hands-On Portfolio Construction Course: The SimulatorSee how your expectations for the future and investment decisions measure up, and learn from your mistakes in a safe space. This tool is a core component of what makes this a practical portfolio construction course, allowing you to create and stress test portfolios, disaggregate your portfolio’s performance across different macro-environments, and explore market and economic data from 40 major economies over the last 100 years.
Next Start Date
16 January 2026
Registration Closes on 15 January 2026
Duration30 hours for both modules Commitment 2-4 hours per week Upon completion of the DMP Online Program module(s), participants will be awarded the respective certificate(s).Dalio Market Principles Online
Dalio Market Principles OnlineEconomic & Market Principles
Dalio Market Principles Online Investment PrinciplesEstimated completion time may vary for each individual.
To be eligible for government subsidies, learners must complete the program and assessments within the required timeframe:
Learners not applying for government funding support may take up to a year to complete the course at their own pace.
This course is eligible for IBF-STS CPD hours.
Would recommend DMP Online*
Found our videos, animations, and case studies engaging
Source: Data based on survey responses from participants in the Pioneer Cohort of the Dalio Market Principles Online (DMPO) Program.
* Based on the Pioneer Cohort of our full program
The DMP Program is a brilliant course which covers in depth the market cycles and global dynamics that drive the investment environment. I look forward to applying the macro investment perspective covered in this course alongside my firm’s detailed analysis, to help create an integrated investment approach and create sustainable value for all stakeholders.
Cristina VenturaGeneral Partner, Major Venture Capital Firm
The DMP is the only program I am aware of that provides a time-tested, principle-driven approach to understanding markets dynamics. It provides practical guidance to learning these concepts which is critical in cutting through the vastness of noise in financial markets today.
Jeremy ChingDirector, Managed Investment Advisory at a Major Private Bank
The DMP Program provided a pragmatic approach to portfolio and risk management, and I have certainly benefitted from Ray Dalio’s timeless insights and wisdom. Highly recommended for anyone looking to broaden their understanding macro analysis and market forces.
Riady GozaliManaging Director, Leading Single Family Office
The DMP program’s curriculum is effective in conveying Ray's principles with real-world insights. It gives insights into how experts tackle market fluctuations by thinking through various economic cycles and the interplay of various asset classes. I incorporate several key principles in my practice with success.
Sandeep MaheswariDirector, Wealth Management at Multi-family Office
Source: Responses from participants in the 2024 DMP Online Program.
Fill in the form below to receive the full curriculum information.
A program manager will reach out to you shortly.
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.
What makes this different from other online courses on market cycles?This is the only program developed directly with Ray Dalio, teaching the specific principles he created. Unlike a purely theoretical economic principles course, this program provides proprietary tools like the AI Tutor and Portfolio Simulator to help you apply these concepts.
What is the course structure?The Dalio Market Principles Online (DMPO) program is a 30-hour online course designed to be completed over a three-month period. In contrast, the standalone programs—Investment Principles and Economic & Market Principles—are 15 hours each and structured for completion within two months. Throughout the duration of the programs, participants are expected to complete all course materials and assessments.
Participants will have access to all program 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.
What are the topics covered?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.
Should I start with Investment Principles or Economic Principles?For participants enrolled in both tracks, we recommend starting with Investment Principles for a more cohesive flow of content.
Are there supplementary readings to enhance learning?As a special resource for learners undertaking the DMP Online Program, 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.
Will reading Principles for Dealing with the Changing World Order help?Yes, though the majority of course material has not been published and extends beyond Ray Dalio’s published works.
2. Program Features and Technology How accurate are the datasets used, especially in the Portfolio Simulator?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.
Will we have access to actual stocks for portfolio creation?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.
Are case studies based on real-world data?Yes, case studies use actual historical data relevant to the period being analysed, including data up to 2023.
3. Learning Formats, Accessibility and Flexibility What’s the difference between the in-person and online DMPO programs?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.
How long do I have access to the course materials?Participants will have access to all program resources, including the Portfolio Simulator and Generative AI tutor, for up to one year from the course start date.
Is there a subscription option for extended access to Digital Ray after the course?Information regarding extended access or subscription options will be shared at the end of your access period.
Can I request an extension for assessments?Learners applying for Singapore government subsidies must complete the program and assessments within the required timeframe:
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
4. Community Engagement and Peer Interaction Is there a forum for participants to engage with each other?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.
5. Accreditations, Assessments and Evaluations [For Singapore-based learners] Is the course eligible for IBF-STS CPD hours?Yes.
Yes, you are allowed up to three attempts to pass the assessments.
