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2 months ago General
More than 610,000 Singaporeans are still holding on to Singtel special discounted shares bought decades ago using their CPF savings. With a new law allowing these shares to be transferred into individuals’ Central Depository accounts, many people are weighing whether to sell, hold or diversify these shares. Chua Yi Wen from DBS Bank’s Consumer Banking Group shares with Andrea Heng how to approach the decision.
Highlights:
02:00 What are Singtel special discounted shares?
04:13 Three ways to sell
05:34 Scams and trading restrictions
06:37 Who should keep holding?
07:20 Reasons to consider selling
09:03 Why investors hesitate to sell
10:48 Diversification versus concentration risk
12:38 Redeploying sale proceeds wisely
14:09 Review your investment portfolio regularly