Archive for January 23, 2008

Time to Buy Blue Chip Stocks Now

I believe it is all over the paper these 2 days, irrational fear striking globally because of  a possible US recession (Actually, I believe they’re already in recession). Singapore stock had a worst 1 day drop since 1987’s “black monday”. Warran had a famous saying, “When the everyone is greedy, I become fearful. When everyone is fearful, I become greedy”

Hey my friends, time to load up blue chip stock such OCBC, UOB, DBS, SPH etc. Why? Simple, they have fallen to low price earning ratio as compared to the growth in Asia and Sg for the next 3 years.

P/S: I have loaded up SPH (to increase my passive income from dividends) and is looking to load up OCBC. :)

Comments (1)