Bought 3,400 shares of OCBC @ SGD 8.74 on 23rd Nov 2016. Total cost SGD 29,887.70. Thats a a TTM PE of 9.6 (or 11, excluding "Trading Income"), and a yield of 4.1%.
I'm buying bank stocks cause I'm holding lots of cash, and they're still reasonably cheap, after 7 years of ZIRP. Which looks like its ending now. But they could still get cheaper if theres a recession or crisis.
I am still more than three-quarters in cash:
400,000 new millionaire households created in 2016
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