Club Mulgoa

Monday, March 02, 2015

WBC

When GFC was around, the only bank that I bought in sizable quantity was WBC.  For a strange reason, in spite of having a great CEO (Gail Kelly was worth thinking about when I was going to sleep), people were just selling off a good bank.

Hence, I am getting to nearly double what I paid for, excluding all the dividends I have pocketed.  I remember saying that if you cannot handle the risk of dabbling in resource stocks, then THIS is the company to invest in.  Resource stocks have been a disastrous investment but I never got rid of most of my blue chip stocks.  So accumulating WBC shares have been most rewarding.

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