Club Mulgoa

Thursday, May 25, 2017

SYD verses the banks

Once upon a time, the banks especially my CBA shares were almost unassailable by other stocks.  However, in capitalism, it pays to be able to keep quiet about your profit but unfortunately, when it is a listed company, that is not an option.  And government, looking like Robin Hood, is seen as a faked hero for robbing banks legally for the masses.

Hence, SYD and ASX are streaking ahead... but Robin Hood will one day turn his attention on any stock that is perceived to make big profit.

So, beware!  Successful stock picking will end up being robbed by politicians!

1 Comments:

Blogger Club Mulgoa said...

Banks are tumbling but not SYD. People are still traveling and the Chinese tourists are still coming to Oz.

It is a very nice feeling when my philosophy for investing is correct. Why dump any shares when the company is making money? Unfortunately, the greedy politician will eventually slap a levy on any profitable and well-run company.

6:47 PM  

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