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DBS, OCBC and UOB stock prices hitting all time highs!
By A Singaporean Stockmarket Investor (ASSI)  •  March 26, 2024
Stock prices of DBS, OCBC and UOB have been rocketing higher! How do I feel? I have mixed feelings, really. I would like to add to my investments in all three banks but not as their stock prices make new highs. What am I doing? Just waiting. I will simply do nothing and collect dividends. Filling up my war chest and taking things easy. Money in my war chest will go to buying more 6 months T-bills in the meantime. I expect the T-bill cut-off yield tomorrow to be around 3.8% p.a. This is a pretty decent return for something that is risk free and volatility free. I don't see any need to take on price risk especially when stock prices are going higher. Uncle Warren Buffett said before that we should avoid doing this: "Buying a stock merely because you think it’s going to increase in price."...
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By A Singaporean Stockmarket Investor (ASSI)
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