The Dalio Market Principles Online Program
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

Overview

ray overview
An Online Learning Experience Like No Other

The Dalio Market Principles (DMP) Online Program is a first-of-its-kind program developed with Ray Dalio, Founder of Bridgewater Associates, one of the world’s largest hedge funds. 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.

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Unlock Your Market Edge Today

Wherever you are in the world, our cutting-edge program is designed to provide you with a competitive advantage in the markets.

Full Program

S$2,000

All prices in Singapore Dollars.

Investment Principles Online
(Single Program)

S$1,250

All prices in Singapore Dollars.

Economic & Market Principles Online (Single Program)

S$1,250

All prices in Singapore Dollars.

Download Full Curriculum
This isn’t just a course—it’s a framework for lifelong learning and better decision-making.

Thomas Kinneary
Participant in the 2024 DMP Online Program

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Complete the trial to unlock an exclusive promo code for a special offer.

Learn for free for 14 days

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A Closer Look At The Dalio Market Principles Online Program

Bringing you lessons directly from Ray Dalio
Hear 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 experience
Dive 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 investors
Join 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.

Immersive and Interactive Learning Experience

Leverage Generative AI to personalize your learning

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.

Experience real-world learning – ‘live through’ major market events throughout history

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.

Develop your market instinct with our Portfolio Simulator

See how your expectations for the future and investment decisions measure up, and learn from your mistakes in a safe space. Use our purpose-built Portfolio Simulator 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.

What to Expect​

FORMAT
Online

Next Start Date

4 July 2025

Registration Closes on 1 July 2025

Following Start Date

19 September 2025

Registration closes on 16 September 2025

Duration
30 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 Online

Economic & Market Principles

Dalio Market Principles Online
Investment Principles

*Estimated completion time may vary for each individual. Modules are released sequentially on a weekly basis.

*Participants who register for standalone modules are allotted a period of 2 months to complete the program.

* Participants who register for the full program are granted a period of 4 months to complete the program.

Please select the Full program option here.

  • Estimated completion time may vary for each individual.

  • Participants are given up to a year to complete the program. 

Request for Info

The DMP Online Experience

What You’ll Learn

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.

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Investment Principles

A Template for Investing

  • Core tenets of Ray’s distinctive approach (i.e. fundamental, systematic, and diversified).
  • Principles for selecting and engineering return streams, constructing portfolios, and navigating different investment risks.

Principles for Building the Best Beta and Alpha Portfolios

  • How to engineer the best passive portfolios, including an in-depth look at the principles guiding the construction of the All-Weather Portfolio.
  • Principles for how to identify and generate alpha.

Stress-testing Portfolios and Investment Ideas

  • Hands on practice for constructing portfolios to meet a myriad of investment goals and constraints, using our purpose-built Portfolio Simulator.
  • Stress-test your own investment principles and ideas across a wide range of economic and market environments.
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Economic & Market Principles

A Template for Understanding How the Economic Machine Works

  • A practical template for understanding economies and markets, including the big forces driving swings in economic activity and the most important equilibriums to monitor.
  • How expectations for future economic conditions are reflected in asset prices and the fundamental drivers of asset returns.

Anticipating, Managing, and Trading Debt Cycles

  • Mechanics driving business cycles, balance of payments cycles, deflationary and inflationary deleveragings.
  • How policymakers manage economic cycles and debt crises and how investors can profit from market moves.

Paradigm Shifts and Changing World Orders

  • Understanding and anticipating big shifts in how markets, economies, and the world operate, and how to manage money in turbulent times.
  • Introducing the big cycle driving the changing value of currencies, as well as the rise and fall of reserve currency empires through history.

How You’ll Learn

  • Interactive videos and quizzes to deepen understanding and reinforce concepts
  • Case studies based on real-world market events — updated through 2023
  • Proprietary Portfolio Simulator to test and refine your investment theories
  • Generative AI Tutor that acts as your personal learning coach
  • Four live tutorial sessions led by Dr. Anser Aftab, Principal Program Director for the Dalio Market Principles Program

Supporting Your Long Term Learning

  • 12-month access to all course materials, tools, and platform features
  • Invitations to exclusive events and online discussions, where you might even get your questions answered by Ray Dalio himself!

Hear What Ray Says About This Program

What Others Say about the Dalio Market Principles Curriculum

100%

Would recommend DMP Online*

97%

Found our videos, animations, and case studies engaging

93%

Reported that they can directly apply what they’ve learned to their work

90%

Provided positive ratings of our programme design

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
Cristina Ventura
I’ve read all of Ray Dalio’s books, but the Dalio Market Principles Online Program brought everything to life in a whole new way. The interactive case studies, the depth of content, and especially the Digital Ray AI tutor helped me truly internalize the principles behind how economies and markets work. I’ve since restructured my entire investment portfolio and even started applying these principles to my business. This isn’t just a course—it’s a framework for lifelong learning and better decision-making.
Thomas KinnearyBusiness Owner
Thomas Kinneary
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
Riady Gozali
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
Sandeep Maheswari

Source: Responses from participants in the 2024 DMP Online Program.

Register Now

Download Full Curriculum
Up to
70%
subsidies available!*

*Only Singaporeans and Permanent Residents are eligible for up to 70% funding. The program is accredited by the IBF under the IBF Standards Training Scheme (STS). 

Any discrepancies in registration details or failure to meet minimum IBF academic requirements will result in an unsuccessful IBF reimbursement claim and students will be liable for the full tuition fees.

Request for Info

Fill in the form below to receive the full curriculum information.

A program manager will reach out to you shortly.

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

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.
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.
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.
Yes, you are allowed up to three attempts to pass the assessments.
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)
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.
All assessments must be completed within the designated program’s timeline due to IBF accreditation requirements.
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.
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.
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.

FAQs

1. Course Overview and Learning Pathways

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.

2. Program Features and Technology

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.

3. Learning Formats, Accessibility and Flexibility

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:

  • 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.

4. Community Engagement and Peer Interaction

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.  Assessments and Evaluations

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

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