I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
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Technical Analysis and Charting
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Tuesday 10 September 2013

DBS Bank highest-placing at 3rd spot.

Global Finance magazine has named the World's Top 10 Safest Commercial Banks, and three Singapore banks -- DBS Bank (3rd), Oversea-Chinese Banking Corp (4th) and United Overseas Bank (5th) -- made it to the prestigious list.

Rabobank from the Netherlands topped the list while TD Bank Group from Canada came in second.

The latter half of the Top 10 list was filled with Canadian and Australian banks.

Here's the complete list of the World's Top 10 Safest Commercial Banks:

1 Rabobank - Netherlands
2 TD Bank Group - Canada
3 DBS Bank - Singapore
4 Oversea-Chinese Banking Corp - Singapore
5 United Overseas Bank - Singapore

6 Royal Bank of Canada - Canada
7 National Australia Bank - Australia
8 Commonwealth Bank of Australia - Australia
9 Westpac - Australia
10 ANZ Group - Australia

Winners were selected through an evaluation of long-term credit ratings—from Moody’s, Standard & Poor’s and Fitch—and total assets of the 500 largest banks worldwide, said Global Finance in a release.

The full World’s Safest Banks report evaluates the safest banks in Western Europe, Central and Eastern Europe, Asia, the Middle East, North America, Latin America and Australasia.

“Despite not enjoying government support, these banks are among the strongest and most secure institutions in the world,” notes Joseph Giarraputo, publisher of Global Finance.

The detailed report findings are to be published exclusively in Global Finance magazine's October 2013 issue.


Createwealth8888:

With an average of 7.2% yield on investment cost, Uncle8888 shouldn't have any nightmare holding DBS for cash flow over the next few years.




1 comment:

  1. Not too bad for a little red dot country to have our big 3 local banks on the list ;)

    Singapore is a fine country. Let's hope we don't fxxx it up going forward.



    ReplyDelete

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