Today is Lunar New Year eve. Happy Dragon Year to everyone in advance! I decided to nibble DBS (SGX:D05) to give myself a forever stream of ang baos and perhaps due to fear of missing out (FOMO). There it goes. My order is filled at $32.38. My last purchase was in June 2023 at $30.80. Am I averaging up or down? Technically I am averaging up because I added shares at higher price compared to previous purchase. The net cost of my 2023 tranche is $29.95 after lessing off dividends collected and inclusive of trading costs in 2023. Realistically, I am averaging down because there is cum-dividend of $0.54 and a 1-10 bonus share offering. The dividend and bonus shares are worth at least $3.74 ($0.54+$3.2) for each DBS share owned. Hence the net cost of DBS is only $28.61 assuming we bought at $32.38. DBS is the world's best bank and it currently yields more than 6% despite at more than 40% above book value of $23....