Migration to Maybank
1) Signed up for May-bank Share-builder plan. Will be going down to their branch tomorrow to setup the share-builder plan (300SGD /month STI ETF) and GIRO DDA Linkage. 2) I have to sell off all of my shares in Philips share-builder plan before I can close off the account. I have suspended the GIRO payment. Transfer to CDP or Maybank account is too expensive and not cost effective. 3) I have successfully sold off my 100 shares of OCBC (price 11.19) in the main market and 25 shares (price 11.16) in the unit share market. I have earned 19% returns (stopped DCA early). My initial hypothesis that the r ecession will be elongated was wrong and I successfully bought at market low and DCAed from $7 to $10.40 before I stopped the DCA. I didn't build up a sizeable position then due to risk aversion and limited cash flow. Still, I made a sizeable profit which I realised now. Why Sell OCBC i) OCBC is no longer cheap and the meat is all gone ii) Migration from Philips to Maybank / CDP