Club Mulgoa

Wednesday, February 27, 2013

WBC

A great financial advice that I continue to give is, always go to bed fantasizing about Gail Kelly.  The banks have gone for a run and my net paper profit is over 50% for my WBC shares in my super portfolio.  The other lot of WBC were bought from 2001.  I don't bank at WBC but in recent years, I have great hope in this South African woman.

If there is no real bad news and people are dumping bank shares, it is always a good strategy to pick them.  I used this investment adage and bought most of it in 2008 during the GFC.  It also gives great dividend.  As I grow older and when I retire, this is the kind of shares to own.

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