Club Mulgoa

Wednesday, October 03, 2012

WBC

Buy when people are dumping for no good reasons.

At the worst time for GFC, I started amassing WBC.  Luckily the bulk of my super WBC shares were bought then.  The Australian 4-pillar banking policy has been credited with making the banks strong and profitable.  So I didn't worry too much about the GFC and kept buying WBC.  Gail Kelly is the only female banker... so she must be bloody good.

Apart from great dividends, I am now onto 28% paper profit.

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