Have been busy watching SG banks lately. Big share price swings on DBS and UOB while OCBC has been trending upwards. Traded a bit and glad to see support for all three banks.
Not easy to build a fortune on the market. DBS and UOB announced earnings today and the outcome is so contrasting. DBS heads north but UOB goes south. Overall, glad that it is still a very green day.
In times of market pullback, top 3 defensive stocks that will stay strong are DBS, OCBC, UOB. Wait for price to come down after ex-dividend and still waiting.. add more to collect dividends in good/bad times.
Looking forward to buy more reits with funds on maturity of t-bills as have been eyeing good reits that pay consistent dividends but no funds to buy earlier.
Opinions from "experts" very varied; no sure win formula. Prefer having a few strong stocks with consistent dividend payouts; avoid "risky" stocks with likely sudden high gain / loss.
Remember growing up with Post Office Savings Bank (POSB was subsequently acquired by DBS) which has very good national campaigns to help cultivate saving habits from young age and then save-as-you-earn. Nice to have some savings as source of fund for various investment options and lately into stocks with Tiger brokers. Look forward to continue trade and invest in strong banks like $DBS GROUP HOLDINGS LTD(D05.SI)$ , $OVERSEA-CHINESE BANKING CORP(O39.SI)$ and $UNITED OVERSEAS BANK LIMITED(U11.SI)$ which are really good stocks with proven track record of reliable dividend payout to save more for retirement.//
@MillionaireTiger:【Thursday Special】Have Your Life Experiences Ignited Your Interest in Specific Stocks?