Eating more DBS

This week, I saw a respectable Singapore investing blogger liquidated 50% of his portfolio.

He has close to $1 mil of shares. So his warchest is now around $500k.

That is also the same person that gave me confidence to further invest in First Reit.

And he liquidated First Reit away too.

I thought to myself, should I also free up some funds to prepare for uncertain future?

The uncertain future that is the long speculated recession after 10 years of bull run?

He is not the only one talking about having a sizeable amount of cash.

'Financial education', a channel on youtube also talked about having 10-30% cash on standby.

I thought maybe I won't.

I am a investor, and I recalled Warren Buffet's words.

His favourite holding period is forever.

There may be some stocks that I like more than others.

But I am not a speculator.
I do not sell shares, just because I think there will be good opportunities in coming months.

Unless the stock is scaring me that it is heading in a seriously wrong direction.

Some of the shares I hold may not be performing well, or will not perform well in coming years.
But I am here for the long term.

I also asked myself how do I invest at the moment.

It is quite exciting in recent times, and DBS has fallen back to the level of $24-25.

I bought 2 times last week.

I will buy again when it reaches a level of dividend yield of slightly more than 5%.

And another time when it hits somewhere close to $23.

And so on when $20, and then $15.

I also pondered, what about my logic of leaving some cash when recession hits?
But I am leaning more towards buying more, even though we are not in recession yet.

Reason is because, if I do not buy now, when am I going to hit $100k of shares?

I am not going all in at the moment, but since now the price is decent, I will progressively purchase more to get closer to the next milestone.

Moreover, I also fear that my salary keeps coming in, and yet I am not converting it into more investments.

So even if I buy 2 or 3 times in coming weeks, I might still have incoming salary and bonus that can bump my warchest back to around $20k.

My current concern is more about investing when there is reasonable opportunities, rather than having enough bullets when crisis comes.