Club Mulgoa

Wednesday, February 17, 2016

non-bank stocks...

I bought OSH when it was developing...  so I have a good run with it.  But because the price of oil has fallen sharply, its value has fallen drastically.  Hence, the banks are climbing over it in value.  However, on my super portfolio, Chinese tourists are still piling into Australia.  While banks are still the most prominent, SYD is gradually eroding the lead by CBA.  A large section of my CBA shares were gotten when it took over the State Bank of NSW.  I bought the small bank shares when it was privatised.  Because we were customers, we had priority allocation...  Those shares had two spurts; one when it was listed and then when it was taken over by CBA.

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