Which bank? May I share my little view?
Some may called the banks old fashioned stocks and unexciting. Generative AI, electric cars, are some favourable new fad. So, should we ignore the banks or just choose one?
My take is to get all if you can. Or else in ascending alphabetical order I e DBS, OCBC and UOB. Btw, I own all 3 and looking to add whether price is right.
Without the banks, generative AI or electric car ventures cannot operate efficiency as funds come mainly from the banks and financial transactions are carried out with the banks, right?
All 3 local banks unlike those in the US, particularly regional and rural ones are safe with their prudent strategies and reserve requirement.
N
Being a small island state, Sg cannot afford failure of the banking system and hence the local banking system including the local banks are somewhat 'protexted' with the constant strict monitoring and various mandatory financial requirements. No cowboys in the banks unlike the Yankees and elsewhere.
So, adopt an averaging strategy and buy low little by little if you can. This is my 2 cent worth, any comments are welcomed. Good luck
DBS, UOB and OCBC: Which of These 3 Banks Should You Buy?
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- SamSha·03-09DbsLikeReport