COVID-19 has changed the world. In the last few months, we have seen companies closed doors but we also have seen new adoption of services all around the world. Share prices for Tesla (TSLA), SEA Group (SEA), Zoom (ZM) and many others have thrived during this period. However, there is one industry who’s share price still remain depressed. It is the banking industry. Today, I want to share why investing in the banking industry (DBS/OCBC/UOB) is not longer suitable for your retirement. Moss Piglet’s Note: Today we are glad to have Chengkok from Wealthdojo to share his latest article with us. Advertisements Banking Industry Let’s start with the most basic and that is the role of the bank. I know many retail investors have a very vague idea of the role of a bank and how it makes money. Banks (in general) tries to allocate funds efficiently from savers to borrowers. Think about it this way, there is a group of people who don’t need the money currently and...