DBS, OCBC and UOB at 40% of portfolio?

I remember Warren Buffett said that when he first started out as a professional investor, he had more ideas than he had money.

Later on, he had a lot more money than he had ideas.

It isn't as popularized as other things he has said before and, so, it is easy to forget.

I am probably stuck at the "many ideas but not much money" stage.

Well, I guess most of us are.

There are so many things I would like to invest in but I simply do not have enough funds to do so at least not in any meaningful way.

So, what to do?

Before going on, you might want to listen to this video I just uploaded to my YouTube channel on what Warren Buffett and Charlie Munger said:

 

I should pick what I think is my best idea at any one time.

I should not scatter my limited resources which is something I have been guilty of doing.

The operative phrase being "I think."

Yes, I could be wrong.

My best idea for a while now has been to invest in the banks.

So, I will latch onto that idea and further grow my exposure to the local banking sector.

As I feel DBS doesn't seem to offer as much value for money, I will grow my positions in OCBC and UOB mostly.

How am I actually going to do this?

As a retiree, I lack an earned income and I consume most of my passive income. 

So, I have a harder time growing my investment portfolio.

Taking a leaf from Warren Buffett's book, the plan right now is to reduce exposure to non-bank investments on market up days and to increase my investment in the banks on market down days.

It is going to be a gradual process and will likely happen over many, many months.

I would like to see my combined investment in DBS, OCBC and UOB account for about 40% of my investment portfolio.

Now, they are at about 30%.

Having said this, to be perfectly honest, I could change my mind partway as I am pretty satisfied that my portfolio right now is able to bring home sufficient bacon.

I am also not wired like Warren Buffett or Charlie Munger and might not be able to see this through.

If you agree with me, beware, you might be mental just like me.

If you disagree, you could be right and I could be wrong.

Just talking to myself, as usual.

Recently published blog:
Largest investments: When to worry? What to do?

and from my YouTube channel: