In times of market pullback, top 3 defensive stocks that will stay strong are DBS, OCBC, UOB. Wait for price to come down after ex-dividend and still waiting.. add more to collect dividends in good/bad times.
Looking forward to buy more reits with funds on maturity of t-bills as have been eyeing good reits that pay consistent dividends but no funds to buy earlier.
Opinions from "experts" very varied; no sure win formula. Prefer having a few strong stocks with consistent dividend payouts; avoid "risky" stocks with likely sudden high gain / loss.
Remember growing up with Post Office Savings Bank (POSB was subsequently acquired by DBS) which has very good national campaigns to help cultivate saving habits from young age and then save-as-you-earn. Nice to have some savings as source of fund for various investment options and lately into stocks with Tiger brokers. Look forward to continue trade and invest in strong banks like $DBS GROUP HOLDINGS LTD(D05.SI)$ , $OVERSEA-CHINESE BANKING CORP(O39.SI)$ and $UNITED OVERSEAS BANK LIMITED(U11.SI)$ which are really good stocks with proven track record of reliable dividend payout to save more for retirement.//
@MillionaireTiger:【Thursday Special】Have Your Life Experiences Ignited Your Interest in Specific Stocks?
Must have long-term picks are DBS, OCBC and UOB. These strong banks provide good consistent dividends and their stock prices will rise over the long term.
Still expect high volatility in 2024, go for strong stocks that pay consistent dividends. One good choice is DBS: high trading volume with regular qtrly dividends and potential bonus dividend will trigger up price.