I started investing in stock market more than 25 years ago. The journey was primitive and manual. I studied fundamental and technical analysis, reading newspaper for data before reaching trading decision. Calling the agent to place a trade was a norm.
Out of the 3 main Singapore banks (OCBC, UOB, DBS), I chose OCBC as my first banking shares for the simple reason, this was the only one affordable then ($4.00). Each lot size was 1,000 shares.
Slowly saving bits by bits, I added on UOB, DBS and other Singapore REIT. Most of them yielded consistent 5-6% dividends payout yoy price running on a steady uptrend. I call this 'the dummy way by owning golden geese that lay golden eggs'
Today, trading is made easier with self service platforms, AI assisted analysis tools and readily accessible realtime data. Commissions and platform fees are also low. It is an environment conducive to trading.
People aspire to be of 'FIRE' status. For me, I look at retirement differently. Despite financial independent, i want to enjoy work, not because I need to.
I continue to increase my holdings on the 3 banking stocks.
Comments