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DBS Bank Stock at all time high – Time to sell bank stocks? (as a Singapore Investor in 2023)
By Financial Horse  •  February 25, 2023
So I was reading this article in the Business Times. It talked about how UOB reported record net interest income this week – and yet share price fell 4.5%. It then went on to say that analysts continued to hold a “buy recommendation” on UOB stock. This got me thinking. Everybody seems to think the banks are a good buy these days. I mean, interest rates are going up, so banks make more money on their lending. Therefore banks are a good buy right? When everyone thinks a stock is a good buy… But if there’s anything I’ve learned from my time in investing – it is that when everyone thinks something is a “good” and “safe” buy, it usually is anything but. Most of my best investments were made when few thought it was a good idea. When it made me nervous to the pit of my stomach to pull the buy trigger. Think oil in April...
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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