DBS bank confident of 15-17% ROE in next 3 to 5 years, CEO says
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SINGAPORE’S biggest bank DBS Group is confident of achieving a return on
equity (ROE) of 15 per cent to 17 per cent in the medium term or over the
next thr...
1 hour ago
Loss aversion ... cutting winners short.
ReplyDeleteKiasu mah ... Kekeke! Don't let a win turn into a loss haha.
Taking profit is ok, but ideally should be done when the asset is expensive e.g. within 10% of its highest historical valuation, or current valuation is +2 or +3 standard deviation from its long-term average.
Rebalancing is 1 method for this ... But not too frequent...
Or for trend followers ... when a predetermined trailing stop is hit...
Spur😁