Should I DCA?
$DBS Group Holdings(D05.SG$ is it wise to continue to DCA? currently bleeding badly ![]()
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101733537WOP wc2c: Should I just hold? For dividends?
AlfonsoDex 101733537WOP: you should hold. It will drag for sometime, let it be.. chill. If you still have spare cash, can DCA. usually the tempo and mindset will change when the economy recovers
T Chu : If u having buying power, just wait a bit longer. No need go in now to catch those daggers
AlfonsoDex AlfonsoDex: Yeah, always invest with spare cash and that gives you the holding power. So what if it drops, we all know in time that DBS is a strong bank, and its stock will recover. just wait out for it to recover and enjoy dividends along the way.. I see its a golden opportunity to buy in just before Fed interest rates hike.
101733537WOP AlfonsoDex: Thank you
AlfonsoDex AlfonsoDex: Now the mindset is all is worrying because it's plunging. Just like when covid and Omicron came to SG, we see that the stock prices kept falling and isn't it shortly after all the banks recovered and scaled new heights? No one will know where the trough is, but when it happens the consensus from many will be "oh I missed the boat.."
AlfonsoDex 101733537WOP: You must have strong conviction in the stocks that you choose. If you know its a good counter, hold on to it.. Will surely gain you profit.
AlfonsoDex 102951983: Yes they are too.
AlfonsoDex : Hi, I hope today's rise in stock assured you that DBS is a strong company, and will sometime in the near future rise back and you can profit. Stay strong on your conviction, and don't take advice to sell your stock in Red that incur immediate loss. But do embrace for further dip. Just wait it out if it occurs. There are at least some confirmed good things coming up. 1. Interest rate hike that will definitely benefit bank stocks, 2. dividends Payout in April, which means stock prices are likely to rise. Also, collecting dividends will cushion any losses.
101733537WOP AlfonsoDex: Yes…. Feels better seeing a bit of green today
thanks for your assurance, will wait it out for the long term game
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