40 Years In The Market Doesn't Change My Answer (Why I'm Still Cautious on DBS at All-Time Highs) 🦖
40 Years In The Market Doesn't Change My Answer (Why I'm Still Cautious on DBS at All-Time Highs) 🦖
The comment that stuck with me was from someone who has been through five crises and still came out richer each time, with more than 60,000 DBS shares sitting there quietly compounding. I respect that record deeply, but I think his question and mine are different. He is testing whether DBS as a business deserves his long-term trust, I am testing what today’s price at all-time highs does to fresh money trying to buy income now.
💰 What It Means For You
If you are adding DBS at today’s levels, your CPF or SRS money is no longer buying the same income per dollar that it did even a year ago, the yield has slipped below the hurdle I use when I stress test retirement cashflow. A great bank can still be a stretched entry price, and that gap between quality and valuation is exactly where someone living off dividends gets hurt first. My job is not to outguess the next move on the chart, it is to keep the framework from bending just because a story or a track record feels comforting.
📺 YouTube: https://youtu.be/fyu1l3YpX_8
📩 Substack: https://investingiguana.com/p/40-years-in-the-market-doesnt-change
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