Just a quick update on what I have done in recent days to my investment portfolio.
For anyone who is following me on YouTube, it is no secret that I have been looking to add to my investment in DBS.
I identified the immediate support to be at $32.00, and if that should break, then, $31.80 would be next.
I added to my position at closer to $31.80 a share but it is just a nibble.
I see longer term support for DBS at between $30.00 to $30.50 a share.
So, that is where I would like to buy more.
DBS continues to impress me with its much higher ROE of 18% to 20% when compared to UOB and OCBC which have ROE of around 14%.
So, I feel that this justifies DBS trading at a higher price to book.
There is also the fact that DBS pays dividends quarterly and as a retiree who lives off his passive income, this is also attractive to me.
Next topic is T-bills.
The auction happened yesterday and the cut-off yield was 3.8% p.a.
I estimated it to be 3.88% p.a. but 3.8% p.a. is good enough to make me happy.
What also makes me happy is that non-competitive bids were fully allotted.
T-bill ladder is intact!
Next auction is happening on 7 December.
So, nothing earth shattering happened, really.
Just sticking to my plan.
Always have a plan, your own plan.
If AK can do it, so can you!
