Banking crisis spreads! AK issues warning!

This is a reply to a regular reader and active commentator, Garudadri.

I thought I should publish it as a blog to issue a warning to all readers.

Here goes.

To be quite honest, I am not rubbing my hands in gleeful anticipation of a greater market crash.

Apart from being aware of what a market crash means for many people, I am also a very lazy investor who would very much prefer to do nothing instead of having to do something.

By my own standards, last year was a rather active year for me as an investor, too active for my liking, and I was looking forward to a year of relative inactivity in 2023.

I think Warren Buffett would approve since he famously said that "inactivity strikes us as intelligent behavior."

Nothing would please me more than to see my businesses chugging along nicely and paying me reasonably well, year after year.

I agree with you that if we have the ability to hold long term, barring earth shattering changes to the banking landscape, all three of our local lenders  in Singapore should continue to do well even with all the speed bumps along the way.

So, if we have the resources and it is not difficult to find people with deeper pockets than mine, we could buy into DBS, OCBC and UOB now, especially if we don't have any exposure to them yet.

Especially so if we don't plan to look at stock prices regularly over the next few years.

"I would tell investors not to watch the market too closely." - Warren Buffett.

Of course, we have to remember that most of us don't have money gushing in all the time like Warren Buffett does.

He is in a class of his own.

As for the technical analyses (TA) on the stock prices of DBS, OCBC and UOB which I have shared recently in my blog, they are just something I enjoy doing from time to time.

I don't do as much TA as much as I used to many years ago when I was more active in the stock market as a trader.

So, I am probably pretty rusty.

This is why I decided to publish my reply to you as a blog to warn people to take their anti-tetanus jabs before looking at my TA.

AK is just talking to himself as usual.

Warning issued.

16 March 2023. 6 months T-bill cut-off yield lower at 3.65% p.a.

Source: T-bills March strategy. Comments section.

To read the blog in question and Garudadri's comment, go to:
DBS, OCBC and UOB: Higher or lower? My plan.

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