Depends on what you want.
Sg for sg banks for their dividends. That is all.
US for lots of high quality companies that you cannot find. More for capital gains.

Er not really. JP Morgan is structurally more important than DBS to the world.

This post has been edited by Ramjade: Apr 2 2024, 02:56 PM

Yes. It can reduced. That's why you see net interest margin are going down for all banks. Only time will tell how much but I likely to back to zero I less GFC 2.0

You are asking why buy 2 instead of 1 cause because I assume you have lack of money and want to concentrate holdings? Am I correct. No harm and shame if admit no money. I also have no money and build up my portfolio one brick at a time.

I can. But why want to give up south east Asia growth story. What happen if India growth story didn't turn out well? Singtel is one such example. Went into India and have to keep giving them money. India is a blood sucking hole unless you can execute well.

Like I said I want a super kiasu and conservative bank. Uob is the most kiasu among them all and if they do t succeed, Wee dynasty will be affected. More skin in game. If DBS don't succeed, become another stuff which Temasek need to support or take loss. They take a hit and move on. What about you as a shareholder? Can you take the hit and move on? Yes. You can buy one bank and concentrate if no money. No harm in doing that. It is a viable strategy. But you don't know making the 3 banks, which will perform well.

Like my railroad in the US. I can focus on buying UNP. Why did I buy both UNP and CNI? Cause I want to and like monopoly game. Cover as much ground as possible. UNP cover the US part. CNI cover the Canada part and CNI is the better run company.

Like in the Canada. They have 6 banks. I don't have any shares but if were to buy I would buy 3 banks. TD, RBC and EQB.TD and RBC for it's quality and EQB for it's growth.

This post has been edited by Ramjade: Apr 2 2024, 09:28 PM

Oh it will tank but not much unless a repeat of 2008 happens.
Why?
1. Sg currency is seen as safe heaven
2. Money storage and confidence.
When you the place where SEA keeps their money you got demand. Also unofficially they are money laundering for rich tycoons from Indonesia and Thailand (despite sg govt denying it)
3. MAS is very strict with them

Best to talk about sg banks here.
Not necessarily. But as long as Singapore remains the place for rich Indonesian, Malaysians and Thai to store and launder their money officially, there will always be demand for sg banks. There is no definite. Just look at US banks. High interest rate is causing a drop in revenue based off recent earnings. Banks got many ways to make money. Net different between deposit and loan margin, loan growth, number of loans being written off, asets under management, bancassurance (selling insurance for insurance companies), credit card fees, overseas transaction fees, wealth management fees. But all Singapore banks derived like 50% of their money from loans. So if less people taking out loan, they earn less money, if more loans going bad, they lose money. Eg OCBC. Last year, they are paying 80 cents per share. This year expected to pay 84 cents per share. This is auto increment of 5% without you needing to add more cash.

You can take a look at this guy blog. He run through all the sg bank earnings. As you can see their earnings have reduced in some section. But overall net still making making money.
https://www.thesingaporeaninvestor.sg/

If you are not sure how banks make money, best to just stick with EPF. No need to think so much but a cost of losing the SGD protection against the depreciation ringgit and the auto increment of payout yearly.

Majority of QQQ holdings increase their dividend payout by minimum 10%p.a They are more interested in buybacks Vs dividends.

This post has been edited by Ramjade: Apr 20 2024, 04:04 PM

Welcome to my world of BS. Here you go. Full transparency. I don't BS.
https://singaporeanstocksinvestor.blogspot....ts-and.html?m=1

https://stestocksinvestingjourney.blogspot....update.html?m=1


https://investmentmoats.com/

Blogger 1 and 3 like I mentioned walk the talk. So still think I am BS?

Cause if they accept Russia client, DBS maybe target of US sanctions

US can fine them or put additional sanctions on Singapore for facilitate movement of money.

Sg banks. Buy and forget about them. Right now they are paying I believe 5%p.a

I got a few questions that you need to answer.
1. Do you want to give banks free money?
2. Can you handle your own stomach is price drop by say 20-30? Will you chicken out?
3. Can you hold for minimum 10 years?

No once transfer to CDP you need a sg bank account to receive payment. You need a CDP account first.

Dbs will open a DBS Vickers, bank account and CDP one shot. Well subject to if
1. New rules banning foreigners without priority to open account if ang. All banks only want rich customer. They don't care about ikan bilis customer.
2. If they fill that too much work for them, straight tell you cannot.

I don't use DBS Vickers anymore. Expensive. Do not use Singapore brokerage linked with CDP. Custodian like FSM and tiger or moomoo sg are better than DBS vickers. Unless you want to attend AGM in Singapore then ok la use CDP link brokerage. Otherwise don't bother. Unless you got lots of time and money to travel down to Singapore, stay in their hotel and go for their AGMs. Don't bother. Besides nothing to buy in Singapore. Even if I got time and money I won't bother attending AGMs. Better things to do. Not much quality companies aside from their banks. DBS Vickers not so user friendly compare to FSM or Moomoo sg.

I use Interactive broker exclusively to hold my sg banks. I don't buy Singapore reits anymore. Way way cheaper than DBS Vickers. Cost SGD2.50 (IBKR) Vs SGD10.90 (DBS Vickers Cash Upfront). Why do you want to pay more fees? Yes moomoo cheaper than IBKR for sg stocks but overseas stocks you cannot beat interactive broker fees, exchange rate and accessibility to multiple market from one account.

This post has been edited by Ramjade: Nov 15 2025, 10:21 PM

Well if you see moomoo sg mentioned 0.99 per order + 0.99 platform fees = SGD1.98