It is a reply to a daily reader and lively commentator, Garudadri.
I believed I ought to publish it as a weblog to subject a warning to all readers.
Right here goes.
To be fairly sincere, I’m not rubbing my palms in gleeful anticipation of a larger market crash.
Aside from being conscious of what a market crash means for many individuals, I’m additionally a really lazy investor who would very a lot want to do nothing as an alternative of getting to do one thing.
By my very own requirements, final 12 months was a slightly lively 12 months for me as an investor, too lively for my liking, and I used to be trying ahead to a 12 months of relative inactivity in 2023.
I believe Warren Buffett would approve since he famously mentioned that “inactivity strikes us as clever habits.“
Nothing would please me greater than to see my companies chugging alongside properly and paying me fairly properly, 12 months after 12 months.
I agree with you that if we now have the power to carry long run, barring earth shattering modifications to the banking panorama, all three of our native lenders in Singapore ought to proceed to do properly even with all of the velocity bumps alongside the way in which.
So, if we now have the sources and it isn’t troublesome to search out folks with deeper pockets than mine, we may purchase into DBS, OCBC and UOB now, particularly if we haven’t any publicity to them but.
Particularly so if we do not plan to take a look at inventory costs recurrently over the following few years.
“I’d inform traders to not watch the market too intently.” – Warren Buffett.
After all, we now have to keep in mind that most of us do not have cash gushing in on a regular basis like Warren Buffett does.
He’s in a category of his personal.
As for the technical analyses (TA) on the inventory costs of DBS, OCBC and UOB which I’ve shared just lately in my weblog, they’re simply one thing I take pleasure in doing every now and then.
I do not do as a lot TA as a lot as I used to a few years in the past once I was extra lively within the inventory market as a dealer.
So, I’m most likely fairly rusty.
For this reason I made a decision to publish my reply to you as a weblog to warn folks to take their anti-tetanus jabs earlier than taking a look at my TA.
AK is simply speaking to himself as common.
Warning issued.
To learn the weblog in query and Garudadri’s remark, go to:
DBS, OCBC and UOB: Greater or decrease? My plan.
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