To The Moon

🌟🌟🌟As the golden days of May yield to the promise of June's uncertain horizon, investors are often reminded of the age old maxim "Sell in May and Go Away".  This saying, echoing through market lore, cautions that the warmth of summer can bring its own set of challenges, often urging a pause, a moment to lock in gains and a temporary retreat from the bustle of trading.

Yet within this well worn phase lies a perrenual debate : Is it wise to retreat and safeguard my profits, or should I embrace the evolving market narrative, trusting that the very challenges of May may conceal opportunities for long term growth?

Fortunately for me, I did not heed the advice of "Sell in May and Go Away".  I have always believed that DBS, OCBC and UOB are the bedrock of the Singapore economy and holing them on long term is the key to my goal of FIRE - Financial Independence Retire Early.

May unfolded like a complex symphony in Singapore's financial markets.  May was also a month charged with both the tension of global uncertainties and the spark of local recovery.

Amid shifting trade winds and fluctuating investor sentiment, DBS, OCBC and UOB emerged as characters in a narrative of cautious revival, each showcasing strengths and vulnerabilities as the market 's pulse quickened.

DBS $DBS Group Holdings(D05.SI)$  proved to be the bold maestro.  Despite an earlier setback, DBS managed to strike a resilient chord by clawing back lost ground.  By mid May, its share price had rebounded impressively, a testament to its robust fee based income and unwavering dividend commitment.  This comeback was more than just a numerical recovery, it was a clear signal of strategic reinvention and solid fundamentals that restored investor confidence even amid turbulent times.

In contrast, OCBC and UOB navigated more challenging waters.  OCBC $ocbc bank(O39.SI)$  with a modest decline of 2% year todate, demonstrated its ability to adapt while remaining true to its long standing heritage as the oldest bank in Singapore.

Meanwhile UOB $UOB(U11.SI)$  despite a steeper 3.4% dip, held steadfast, its measured decline hinting at its underlying strength  especially in the ASEAN region, sound lending practices and consistent fee income.

DBS, OCBC and UOB's  journeys remind us that even institutions steeped in traditions, must occasionally weather temporary storms and within these challenges, lie the seeds for future resurgence. 

The Outlook for June - A Contemplative Transition

As  the curtains fall on May, a contemplative silence descends upon the market.  The performance of these 3 financial titans is more than just a report of gains and losses.  It is an unfolding conversation between risk and reward, certainty and possibility.  For some investors, the call of "Sell in May and Go Away" might tempt a swift exit, a desire to cash in on hard won gains and retreat from the anticipated summer doldrums.

But for me personally, the enduring fundamentals of DBS, OCBC and UOB offer a different tale - one of long term vision   where measured downturns are simply a prelude to future growth.

DBS 's resurgence breathes hope which suggested that a firm grasp of strategy can lead to sustained recovery.  Meanwhile OCBC and UOB, with their steady but cautious performance, serve as poignant reminders that even a temporary dip does not necessarily signal the end of growth.  Their rhythms - A blend of cautious optimism and calculated persistence -   invite me to weigh the merits of immediate profit taking against the promise of continued resilience in the months to follow.

In the grand tapestry of market cycles, the decision to hold or sell is more than just a mere transaction.  It is a heartfelt conversation with myself about my financial journey.  It is an invitation to reconcile short term market folklore with the long term vision that has always defined true success for me. 

As we navigate this season of change it is important to consider the timeless adage behind "Sell in May  and Go Away" alongside the robust narratives emerging from DBS, OCBC and UOB.  How will I balance the allure of  a guarded retreat with the tantalising potential for unfolding opportunities ahead.

The next chapter of my investment story awaits that is rich with both challenges and boundless opportunities, ripe for my next decisive step.

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