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Anonymous

Edited 29 Jun 2023

∙

General Investing

Banks for dividends?

Currently, I invest in Syfe's offerings (REIT+ 100%, Equities). I am looking to diversify and invest in bank shares for the dividends. Thoughts on this? I did some research, and found that some people completely discourage buying bank shares, without giving much explanations

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Chris

02 Jul 2023

Investing in local banks to harvest sustainable dividends, is one option. Its weightage in the investment portfolio could be dependant on one's age. As local banks are rather "stable" (minimal business volatibility comparably), investors will not experience much "excitement" (roller-coaster ride). Hence, individuals with long investing journey whom could take abit more risk, may not enjoy the stability of this sector.

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Connie

01 Jul 2023

I like bank stocks - pretty stable, relatively high dividends.

Plus I don't really see the industry as sunset anytime soon.

Why not!

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kirby

01 Jul 2023

Monitor market cycle and buy every time pe is low. sg banks generally safe to hold for divvies.

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Robin

01 Jul 2023

Administrator at SG

Local banks can consider but it will more meaningful to compare the 3 banks and know their business and country diversification to have a sensing of their potential future earning . I have a local bank + SReit ETF. Dividend about 5.4% per annum for now. Buying via brokerage will be cheaper than robo.

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LLy

01 Jul 2023

I buy SG banks stocks so that I can sleep peacefully 😂 (background: im staying, working & building ...

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For ocbc securities, each trade is $25 means buy is $25 and sell also $25? And how do they credit dividends? Straight to your bank? Dividends also have to pay commissions right?

Has anyone received their DBS dividend? Used cash upfront option with Vickers but have yet to receive the dividend in my bank account?

Any thoughts on our 3 local banks - DBS, UOB & OCBC after MAS has announced the 60% cap on dividend? All 3 banks are on the downtrend and with the release of financial results on 6 Aug, we might be seeing some fluctuation of the price. Any thoughts?

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