🌟🌟🌟As the Straits Times Index drifts lower today, do you hunt for value or flee the storm? If you are a patient long term investor, this is a great time to accumulate $STI ETF(ES3.SG). The STI isn't a speculative tech bubble. It is an index dominated by massive, cash rich banking monopolies and blue chip stocks.
The Big 3 local banks $DBS(D05.SG)$OCBC Bank(O39.SG)and $UOB(U11.SG)have fortress balance sheets. They also pay great dividends too.
Singapore remains the premier wealth sanctuary in Asia and it is backed by stable government. A good strategy is to dollar cost average STI ETF for the long term. Slow and steady wins the race.
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