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Added more OCBC to SRS portfolio
By Live Rich Life Free  •  March 23, 2020
In my previous article comparing the 3 local banks' impressive Q4 2019 results and explaining why we should own the banks instead of letting banks own our money, I mentioned that
"I am biased towards accumulating more OCBC shares for long term at around their Net Asset Value price of $10.50 as they offer scrip dividend reinvestment consistently every year. This allows us to leverage on the power of compounding effect to grow our money till we retire as we can reinvest the dividends collected from OCBC shares back into OCBC at no cost."
Today, I saw the share price of OCBC plummeted another 6.5% and decided to add on 1,300 shares to my existing holdings in SRS portfolio.
I could have waited for the bottoming of the markets which theoretically should take place at the climax of this whole Coronavirus crisis. The lowest prices of OCBC occurred before 2000, 2003 and 2009 at below $5. But I decided to not time the market and just catch the falling knife as this will be an ultra long
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By Live Rich Life Free
The purpose of this blog is for me to share my reinventions of how life should be lived and journal my journey towards financial independence. I believe that life is a story book. Each chapter contains 10 years of our lives. I am moving on towards mid 30s in 2021. As a nobody but somebody, I am in Chapter 4 of my story book. I hope to influence my philosophy of living a rich life freely and healthily with all of you. Embrace the future and empower freedom!
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2 Comments

2 responses to “Added more OCBC to SRS portfolio”

  1. Jj says:

    Hi can you share which platform did u use to buy ocbc shares w ur srs account?

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