Bank shares
While the Four Pillar Policy is still active, there is no better buy for super fund in the ASX than the four banks. Australian economy is still doing okay and the 4-Bank monopoly means the average Aussie does not have to worry about the solvency of the banks.
Hence when the other markets dump their bank shares, I bought more! I have topped up CBA and WBC yesterday and topped up ANZ today.
posted by Club Mulgoa @ 10:30 PM
2 Comments:
I didn't get my bank shares at the trough. It is nearly impossible for me to achieve that. However, I am still happy with my ANZ, WBC and CBA top ups. It was all in small doses. I don't quite understand how the stock markets behave these days so I only buy for its dividend. Bank returns are better than bank deposits... My father taught me that principle!
Those gamblers who shorted bank shares must be shitting in their pants.
Gambling should be done in the casino where the certainty of losses is greater than the chance of winning. Unfortunately a lot of stock market gamblers are playing around with other people's money, and getting paid a lot by these investors!
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