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Trade wars and buying banks

The recent trade wars have caused the markets to be extremely volatile, one week down 5%, the next week back up 5% and we can see sector rotations playing out on the STI. 

Currently am at 60/40 invested vs cash and am selling some of my small caps positions that don't have alot of price buffer, in order to rotate them into stronger blue chips like DBS, Capitaland (now Asia's largest property company after the merger with Ascendas).

REIT prices have gone through the roof and investors seek safer havens in this turbulent times, which prices out any entry point. Best to wait for dips in the local banks, especially if the price to book ratio is close to crisis levels. Anyway my investment horizon is 20 years, so I'll be buying at every half integer level.

The saying "Sell in May and go away" really doesn't apply for me. It's more like "Buy in May. Dips are you friends".

It's funny, every year I notice that DBS offers 15% trading commission rebates around the May/June period. I guess it's to drive trading volume in low volume period, which I'll gladly take.

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