flochin

Bought 100 DBS shares just a couple of days before its earning announcement when it drastically pulled back.

I started accumulating SG banking shares since 20 years ago as I have strong confidence in Singapore regulators and the banking sectors. For DBS shares, I started off at $18 while OCBC at $4. I accumulated little by little when the shares retraced/rebounded and if I have some spare cash in hand. The dividend yield is at the healthy range of 4-5% with steady uptrend capital gain.

Another beauty is, DBS distributes dividends 4x a year, the next round being in May at 81 cents per share.

I call these ‘golden goose that lays golden eggs’. It’s not a get rich fast game but a steady investment fund growing plan over time.

Happy Labour Holiday, everyone 🤗!

Bought SGX as attracted by its long term uptrend.

I suppose this is the only stock exchange in Singapore. Bull or bear market, profit or loss, SGX is here to stay and continues to charge its exchange fees in a steady manner. Dividend of 1.9% is nothing fantastic, but consider healthy and steady. With some heavy weight shares changing its lot size from 100 to 10 in the near future, transaction volume is anticipated to increase contributing to more fees collection and hence SGX bottom line.

After buying the first 100 shares, it rose >10% within a month. So I bought another 100 shares when it retraced.

Intend to keep this long term as ‘golden goose that lays golden eggs’.