Rate Of ReturnBought 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 🤗!
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