Vested in OCBC using CPFIS in 2015 and somehow almost forgot about this investment only when last year due to the Covid-19 pandemic that I realized I have this investment when organizing all the investment portfolios. Since then, made a decision to strategically switched out OCBC with SGX.
The tactical switch was finally completed after months in selling (OCBC) and buying (SGX). OCBC was vested in 2015 at $10.40/share. Along the way there was an addition coupled with collecting scrip as dividend. As a result of that, the eventual holding price was $9.183/share before the tactical switch. The tactical switch from OCBC to SGX though saw a 8.25% reduction in the number of share, the vested capital was able to reduce by 9.65%. As such, the holding price of the SGX after the tactical switch was $9.0434/share.
The following reasons were being considered to make the strategic switch.
1. Stability of the company...