To The Moon

🌟🌟🌟There is a saying "Rome wasn't built in a day".  To me this means taking small steps to build something great.  That is how I intend to build a solid portfolio that will stand the test of time with a laser focus on achieving my goal of FIRE - Financial Independence Retire Early.

Taking small baby steps involves doing research on the best stocks/ ETFs to invest and then dollar cost averaging these quality stocks and Index ETFs over a long term horizon.

Take for example my investment in $DBS Group Holdings(D05.SI)$  I have invested in DBS since 2020 and have slowly added my investment in DBS over time.  DBS ticks all the core fundamentals of a quality stock. It has a wide moat, is profitable with a rock solid balance sheet and an excellent management team. 

DBS has won numerous banking awards including the World's Best Bank for the 5th year running by Global Finance.  DBS has also been accorded the "Safest Bank in Asia" by Global Finance  for 15 consecutive years from 2009 to 2023.  This is no mean feat considering Singapore is so small.

DBS is Southeast Asia's and Singapore's largest bank with a market capitalisation of SGD 107.02 billion.

Performance wise DBS has reached its 52 week high of SGD 39.70 this week.  It has rewarded me with steady dividends, paid every 3 months.  The current dividend yield is 5.34%.

I have not sold a single DBS stock ever since I bought it with a view to holding it long term.  That strategy has been good for me  as I am currently up 61% on DBS.

As the late Charlie Munger likes to say "The Big Money is not in the Buying and Selling but in the Waiting".  He also said "The 1st rule of compounding is Never to Interrupt it unnecessarily".

So  the Big Picture for me  is to slowly accumulate great stocks and index ETFs over time and to allow the magic of compounding to happen.  Investing does not have to be complicated.  Just Buy Great Stocks/ETFs and Hold Long Term. 

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