is down today again due to profit taking. I am tempted to purchase more to DCA but I am concerned that this isnt the bottom. Indeed one has to be patient when dealing with a defensive stock like DBS.

I often hear that it's a stock to hold for ages, which I agree as it is less prone to fluctuations. However, due to it's relatively expensive price, one should consider setting aside savings so that one can continue to hold on.

In the long run, DBS is poised to benefit ultimately from the interest rate hikes. I remember buying it at its peak early this year in anticipation for a rise in price but I didn't realize that it has already peaked.