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Building my investment in OCBC took many years. Gambatte!

Sunday, March 19, 2023

As a new trading week is about to start, I am reminding myself not to be affected by Mr. Market's mood swings.

I am reminding myself that as an investor for income, my investment portfolio looks to be in a good place.

My businesses should continue to generate meaningful income for me.

I should not have to worry about daily fluctuations in stock prices.

As an example, it took me many years to build my position in OCBC which, today, is my largest investment in the Singapore stock market.

This is the latest video by AK Production House which should have an uplifting effect.

I hope that anyone who might be eavesdropping would feel encouraged after listening to the recording too.

Investing for income isn't sexy.

It isn't a good fit for people who want to get rich quick.

However, it is a steady way to build wealth.

If AK can do it, so can you!

Ticketing for "Evening with AK and friends 2023" is ongoing.

Other recent YouTube videos by AK Production House:


SgFire said...

Hi Ak

I like your projection of 80c dividend for 2024

AK71 said...

Hi SgFire,

80c dividend per share is a pretty realistic estimate, I feel.

Of course, I hope I am not being delusional. ;p

Daniel Yip said...

Will Credit Suisse crisis crashing the local bank share price?

I am ready to buy more!

AK71 said...

Hi Daniel,

Although the Monetary Authority of Singapore has issued a statement to say that DBS, OCBC and UOB have limited exposure to Credit Suisse, it is hard to say what Mr. Market might do next.

Eddy said...

Hi AK,
Good morning to you!
Totally agreed, which was also the reason why as a long-term value & income investor, I’ve bought & accumulated more of OCBC shares during the recent beaten down share prices, although my first investment in OCBC was way back since 2005 which had already been free of cost. The annual dividend received from OCBC is sufficient to cover my family’s monthly household expenses. “)

At the recent’s beaten down share price I’ve bought (below $12) and with the latest announcement (4Q2022) of 40-cents per share/ half-yearly payout, that yields an attractive return of more than 6.5% dividend p.a. Too attractive to be ignored and better than investing in Reits in the current rising interest rates environment. Moreover, if I’m not wrong, OCBC has an average trading P/B of 1.15x in the past ten years, while current book value is at only slightly above its 1.0x. Will invest more if further discounts happen.
Cheers to all OCBC investors! 🍻 😊

AK71 said...

Hi Eddy,

Wow! 2005!

What was I doing in 2005?

Hmm. I think I was still a struggling worker. (TmT)

You are setting a fine example for all of us junior investors for income! :D

Thank you for sharing your journey and insights with us here! :D

Please keep sharing! :D

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