Added to position in DBS. T-bill 3.8% p.a. cut-off yield.

Just a quick update on what I have done in recent days to my investment portfolio.

For anyone who is following me on YouTube, it is no secret that I have been looking to add to my investment in DBS.

I identified the immediate support to be at $32.00, and if that should break, then, $31.80 would be next.

I added to my position at closer to $31.80 a share but it is just a nibble.

I see longer term support for DBS at between $30.00 to $30.50 a share.

So, that is where I would like to buy more.

DBS continues to impress me with its much higher ROE of 18% to 20% when compared to UOB and OCBC which have ROE of around 14%.

So, I feel that this justifies DBS trading at a higher price to book.

There is also the fact that DBS pays dividends quarterly and as a retiree who lives off his passive income, this is also attractive to me.

Next topic is T-bills.

The auction happened yesterday and the cut-off yield was 3.8% p.a.

I estimated it to be 3.88% p.a. but 3.8% p.a. is good enough to make me happy.

What also makes me happy is that non-competitive bids were fully allotted.

T-bill ladder is intact!

Next auction is happening on 7 December.

So, nothing earth shattering happened, really.

Just sticking to my plan.

Always have a plan, your own plan.

If AK can do it, so can you!

F.I.R.E. Always have a Plan B! Better and cheaper!

I always say try not to be married to our jobs.

This is because if we spend our lives working and doing nothing else, if we should one day be retrenched or if we must stop working for whatever reason, we would be lost.

This is why so many people say if they retire, they would die faster.

For me, I have always thought of work as a means to an end which is to achieve F.I.R.E.

Of course, back then, there was no such acronym.

I was just thinking about being able to retire earlier from work or being able to stop exchanging my time and energy for money.

Anyway, having been a retiree for about 8 years now, I have been spending a lot of time on something that I really enjoy and that's video gaming.

Now, I have to take my own advice but with a twist!

Don't be married to any one hobby!

Recently, my gaming laptop has been a bit wonky.

The video card is probably on its last leg.

To be fair, I work it very hard as I use it for 8 to 14 hours daily.

I have been thinking of getting a new gaming laptop for some time but I decided to wait for prices to come down.

During the pandemic, the prices of computers shot through the roof as people were buying them to work from home and also because they had more free time, online video gaming activity also sky-rocketed.

So, I kept waiting until now.

I took advantage of the 11.11 sale going on now and bought a new gaming laptop, also from ACER.

Still a Nitro 5 which is a value for money gaming laptop by ACER but this is an upgrade with 16G of RAM and a RTX2050 graphics card.

For sure, it isn't top of the line but it is already an upgrade to my current Nitro 5 with 8G of RAM and a GTX1050 graphics card.

Well, my current laptop is 6 years old.

Oh, the new NITRO 5 will also have a SSD that is 4x bigger than what I have now.

However, what is really amazing is how I am paying only $1,100 for my new Nitro 5!

When I paid $1,349 for my current laptop back in the day, people told me it was a good deal.

So, the new laptop is better and cheaper than my old one!

That makes me happy.

Of course, if you have been following my blog long enough, you would know that I am not just talking about my recent purchase.

This blog post is more allegorical.

Think about having contingency plans.

Think about delaying gratification.

Whether stocks or socks, we like to buy better products at lower prices.

Related post:
Spent money and will spend more time.