$DBS (D05.SG)$ $Hyflux (600.SG)$ $Hyflux 6% PerCapSec# (BTWZ.SG)$
DBS bank was also probed for its role as issue manager in Hyflux's 2011 fundraising but no further action will be taken.
Hyflux’s former chief executive officer (CEO), chief financial officer (CFO) and four independent directors were charged in court on Nov 17 for disclosure-related offences under the Securities and Futures Act (SFA...

When to buy and when to sell is always the biggest question to answer.
We tend to get fearful as stocks go down and sell at the bottom. We tend to get fearful of missing out as stocks go up and buy at the top.

So what should we do?
(Before you start, you should always know your risk profile and investment time horizon.)
Here is the process that I follow.
First, I look at the macro level to identify trends.
Some points to consider:
1. What is a growing trend?
2. What is changing ?
3. What is not changing?
4. Who and what is a disruptor?
Once you identify the trends, you can zoom into the specifc companies.
I use a checklist to evaluate the companies before I invest and develop your thesis. A thesis is very important because it will gives you conviction when the market is down.
Checklist include:
- financials
- management of company
- moat
- Potential,optionality, network effect
$Amazon (AMZN.US)$ is one of the great example of how it expand its optionality. It grew from a bookshop to a leading ecommerce to the leading cloud services company. Its early investors are greatly rewarded.
Lastly, I also use dollar cost averaging when I buy a stock.
Selling is as hard as buying. So the stock that you bought have doubled. Do you sell?
I think it depends on what type of investor you are. If you are a short term trader, cashing out for profit is fine. As a long term investor, if your thesis remain unchange and the business is continuing to grow, I will continue to hold.
I will sell if:
- Original thesis changed.
- Business on continue decline, for more than 2 qtrs. $StarHub (CC3.SG)$ was showing weakness for a while before its share price slowly declined.
- Red flag spotted. For example, $Hyflux (600.SG)$ was showing warning signs when they borrowed a lot and borrowed to pay dividends.
There are so many great companies out there. $Apple (AAPL.US)$ , $Microsoft (MSFT.US)$ , $Amazon (AMZN.US)$ just to name a few.
By having your own system, it will make your investment process better and hopefully more successful.

I started to invest when i was a fresh graduate. It was probably not investing and more gambling. I would read the forum and scanned for stock tips. Needless to say, I lost quite a bit of money.
Stubborn as a mule, I did not learn my lessons and continue to buy companies such as $Hyflux (600.SG)$ because of the yield or speculate in companies such as Noble.
An old friend enlighten me with his dividend investing method. I began to relearn investing.
I started to build a small portfolio of dividend and blue chips stocks such as $DBS (D05.SG)$. The unexpected Covid hit the dividend but i held on and did not panic.
The entry of Moomoo in the market allows me to dip my toes into the US market.
I use a checklist to determine whether to invest in the company and i focus on growth companies. The list include:
1. Financials
2. Businesss (Moat, Growth, Optionality, TAM etc)
3. Management
4. Risk( High valuation, customer concentration, political risk etc)
The list is not perfect but it gives me a good starting point. It also help me to build conviction and focus on the business.
I also reflected on my mistakes to learn from them. Some learning points include:
1. Let go of winners too early
2. Hold on to losers and lost the opportunity cost.
The journey does not end here. I am still constantlt reading and learning from the experts. My goal us is to achieve a portfolio that can fund my monthly expenses.