Thursday 31 May 2012

Completed divesments in DBS4.7%

Was able to fully divest my entire stake in DBS4.7% before some of the bad press on perpetual securities came into the limelight recently. All this talk about MAS advising retail investors on some of the "dangers", is also negatively affecting the share prices of the preferance shares.

Personally think MAS is overkilling after the minibond saga, swinging from one extreme of overly permissive over toxic funds vs another extreme of overly restrictive. There must be a healthy balance of risk vs reward for capitalism to thrive.

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