Dear readers, Singtel stock is now trading near 2008 level. Yes, price wise, Singtel stock has investors returning back 12 years ago, in the middle of the great financial crisis!
Singtel stock traded at $2.38 per share yesterday and this is comparable to the price range back in 2008!
If we are to take a closer look, yesterday’s $2.38 stock price for Singtel stock was not the lowest the stock has retreated. In terms of 52-week low, Singtel’s 52-week low price was $2.19. At the current price, Singtel stock is trading at about 5.19% dividend yield. Singtel stock was $3.37 on 31 Dec 2019 and year-to-date, Singtel price has retreated by almost 30%.
Will Singtel stock now trading near 2008 level rebound? I think this is what many investors are asking. And the reason behind this question is that many are thinking of Singtel as a stable dividend yield play. But I would advise investors not to be too fixated about many of the so-called blue-chip stocks which had fared well in the past but are now grappling with the reality of the new normal in the economy. Worst, do not invest too much of your capital into the good Straits Times Index play of the yester-years, just look at the several names of many of the Straits Times Index stocks which have now become laggards.
Do not hence try to do some stock picking for often then not, stock picking is a risk in today’s challenging markets. All it takes is for one trade to go wrong and your hard-earned capital will be gone. Instead invest in index-based ETF which have more diversified risks and which still offer potential for profit. For instance, if you have just invested in the US ETF called SPYG, you would have gained close to 60% since March (read more details here )
Another strategy which is really very suited in today’s economical climate is to prepare a warchest and invest at one of the bottoms of a stock markets corrections where good stocks would be on offer at discounted prices.
I speak from experience. I speak with thousands of dollars lost in investing before. Together, we can create wealth sustainably and profitably in the SG Stocks Investing way. Share SG Stocks Investing plan with your friends today!