Increase my DBS holding with a value of $70,164 equivalent of 4000 shares hence today I bought more shares to average down the cost, which I will be doing it gradually over the months, instead position myself by investing significant capital in one lump sum.
Typically, among the 3 local banks, DBS and OCBC have been doing quite well from last week announcements, which I have expected and mention to my fellow reader. However, year 2016 will be a challenging year for most organization due to couple of factors which I have mention in my previous blog post pertaining to the US Interest rate, Oil supply/demand & China growth/currency. These are some of the area, we should take note of.
Despite, those market turmoil, I will still continue to invest in DBS, at the same time collecting the dividends as a form of passive income while waiting & sell it when the opportunity arise. Therefore, somewhere in June, I will be expecting around $1200 cash dividend from my investment in DBS shares.