Stock SGX (S68): Buy Part 1

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One of the tools that helps me in making a decision to buy is "Journaling". This basically is the act of keeping a record of your personal thoughts, feelings, and insights. Currently, I am in the accumulation phase of this stock, SGX, and I have listed below why and how I made this decision.

--- start journal ---

Stock name: SGX (S68)

Price bought: average of 9.5+

Date of purchase: around September 2023

Why bought? Quarterly dividend of 8.5 cents, XD (Ex-Dividend) date in October, yield = 3.3%. There is potential for a higher yield if the price goes down. The Nifty India problem has been resolved. Management is working towards increasing dividends.

Evaluation by analysts: $10+

Risks identified – low dividend yield, price may go down, but I am ready to average down.

Other comments: As of April 2024, the stock price has slowly drifted down, and through further accumulation, my average price for this stock is about $9.4+.

--- end journal ---

I realize averaging down can be an art and there is really no clear rule on when or what is a good price to average down. I will post more on this in the future when this stock price does well and I am able to take a profit. 

This is My Investing Journey.

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