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Maybank is the first stock I hold for long term.
During 2020, someone I trust told me, just buy only, don’t think too much. And I bought a lot between 7.30 to 7.80. Then tasted the first dividend. Continue buying until today.
Been keeping all the dividends payment receipt. Using it as proof of PASSIVE income for my mortgage application. 2 banks accepted it & offer their loans.
52+58+58+60+61+30 =319
Tell me, what difference does it make whether it hit RM11 or RM14 or RM9.50
agree to your statement that Maybank is one of the safest stock that I owned so far. They provide consistent dividend for so many years. The different why is better to buy at RM8 instead of RM11 is due to the cash in hand that you needed to withdraw for any purpose immediately.
If you brought at RM11, but at the time you wanted to sell urgently, the price when down to RM9 per share, you are forced to sell at loss of RM2 (RM11-RM9) in order to withdraw cash in hand.
Unless you purely invest with your "EXTRA MONEY". Or else, it make more sense to buy more when it drop RM8 instead of RM11.
With all due respect, my comment is only to highlight how much I have benefited from this investment. As well as to encourage others to do so ( of course with the extra monies ).
When & what price to buy is absolutely irrelevant.
1. Who can predict how the price will fluctuate tmr ? Even based on chart’s pattern. Nothing is certain.
2. If the price is hovering between 9 - 11 for the next 10 years, those who waited for RM8 will be forever waiting.
3. Looking at the bright sides, when you have to sell MBB share due to financial difficulties, at least you have this “good” shares to sell ( in times of need ). Like an auntie sell her gold necklace during bad time.
