I started accumulating over time the 3 Singapore banking shares (DBS, UOB, OCBC) since more than 25 years ago. I started buying DBS as low as $18 and OCBC $4. My original intent was to have them serve as my retirement nest egg. The dividend payout was consistently at 5-6% yoy. The total values plus the dividends payout had compounded to about 5 times of the initial invested amount. This is definitely able to combat the inflation impact over time.
Since I joined Tiger platform, I started accumulating more of these banking shares. I also invest in US, HK stock, options and other SG counters in a balanced manner because I believe all eggs must not be in one basket, neither should all baskets be in the same building.
Investing in SG banking shares do not need a lot of effort in tracking and management. To me, I am treating them as 'golden geese that lay golden eggs'. Owning them is simply 'awesome'!
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