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UOB shares

Finally I decided to expand my SG bank holdings to include UOB, bought 100 shares at $32.65

I don't think I'l make much, but this will form the start of my accumulation journey for this bank, similar to what I did for OCBC. 

What about DBS? I think DBS is amazing, but it also has a big run up in share prices recently, so I'll wait. Moreover, I feel buying any of the 3 local banks are about the same, just that I feel better to diversify into at least 2 instead of just focusing on 1.

I also have all my SRS funds invested into STI ES3 index ETF, which is like 40-45% composed of the 3 banks, so in a way I am already invested in DBS lol

I think everyone will think rate cuts over this year and next will hit the banks hard, but I don't think so. The banks are not dumb, they also expected the rate cuts so they are prepared for it. When rates are cut, they will just reduce the rates paid out to depositors to maintain their interest margins. It's not that simple but the general idea is there. 

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