To The Moon

$DBS GROUP HOLDINGS LTD(D05.SI)$  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. 

This time, I am bidding my time to wait for the correct entry price. I believe a pivot is due (of course I don't know when) but patience and focus is the name of the game.

I remind myself on these factors:

1. Never buy on a surge

2. Be patient when buying and only when the correct entry price is reached

3. Prepare to hold for the long term.

4. Never try to time the market.

5. Sell when your target price is met.

These are what I remind myself when I hold DBS.

@TigerStars  @MillionaireTiger  @CaptainTiger