Shares & Derivatives
Time to pick up some OCBC shares?
By Creed's Cash Flow  •  June 28, 2016
Just a short write-up - I've maintained that a portfolio should be diversified to reduce risk. The old adage of eggs and only one basket holds true for me - I've been wanting to add some Bank shares to my portfolio for a while, but I always thought they were too expensive. The time to finally do so might be here. Brexit has left a swathe of market volatility in its wake - stocks on our own SGX have not been left untouched. However, where there's volatility in the market, there is also opportunity. So OCBC Bank's Q1 results were nothing to shout about. The banking giant reported drops in both revenue and net profit - 2% and 14%, respectively - due to lower mark-to-market income from its insurance subsidiary (Great Eastern) along with allowance for bad debt. However, dividend payments have been regular, and OCBC represents a blue-chip ......
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By Creed's Cash Flow
First off - thank you very much for stopping by! I really appreciate it. I hope to see this little blog of mine grow. I started this blog in February 2016, and if I could inspire just one person to move towards financial independence, then it would all be worth it. I've wanted to start a finance/investment blog for years, but I just never got around to it. I finally decided to get off my ass and make one. A little background about me - I majored in Business Admin in university, along with a Minor in Finance. I joined the workforce when I was 24 (in 2015), and I was fortunate enough to get a full-time job in the banking industry (Forex, to be exact) after doing a couple of temp jobs around the island.
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