Ever wondered how millionaires live on their portfolios? Some are so rich that they can just wait patiently for dividends but if their portfolios were to be short of a few hundred thousand from their ideal amount, they will usually employ this method of profit-taking to ensure that their portfolios are not “shrinking” but yet they can continue to withdraw cash out of their stocks and bonds portfolio. In this week’s post, I will candidly tell you how I take profit and why this method might make more sense than selling all and buying back at a lower price.
Singtel’s Game Plan
Assuming that there is indeed a continued uptrend for our well beatened up counter Singtel, we can expect 3 major resistance levels in the short to long term. The three Targets as shown by the shaded areas show you the price and the potential upsides from the closing price on 4th December.