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."...