Was not hungry for it, rather just bought it as the fundamentals are decent.
My thinking is that there are 2 types of timing to buy shares.
One is to gradually increase your investments, rather than always wait for a crash first.
This should be slow and steady, and when the PE is at least not ridiculous.
DBS PE ratio is around 15.
The other timing is when there is a crash, a great discount for your shopping wants.
One reason for me to pull the trigger was because their half yearly net income was up 20%.
If the price descend into $22.5 area (the next resistance zone), I would buy another portion.
Currently the financial market is uncertain, as there may be a looming trade war between US and China.
So it is always important that you have a stash of fund to inject gradually if there is a crash.
Currently my cash is around 20% of my portfolio.
No comments:
Post a Comment