siong on 7/3/25. I thought i was a stagnant stock at that time at $1.64 per per share. With a dividend of around 3.7%, i felt that it was better to sell sheng to buy ocbc which appreciated higher and had a higher dividend yield of more than 5%.
To my surprise, sheng siong only dropped a few percent during the trump tariffs saga but then rallied to a juicy $1.76 per share. If only i had hold on to sheng siong, i would have made a larger profit. Hindsight is 20/20, it's easy to see the correct course of action after an event has happened, even though it was not so clear beforehand.
Now i know how stable sheng siong is as a stock. A really recession proof stock where the goods they are selling are necessities. Now I'm just waiting for the right time to enter again. I fell that this current price of 1.76 and 1.75 is a bit too high for me. Waiting for the pricr to drop to maybe 1.7?
That's the stock market for you. No one can time it. It was a good learning experience being apart of the trump tariff saga. Most stocks were in the red and it was really gut wrenching seing most of my stocks at a loss and seeing the paper loss. Another thing i regretted is not buying more stocks at that time. Oh well, as a long term investor, my journey is still long and I'm looking forward to what the future has in store for me.
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