Ann: Strategy Update - Westpac Institutional Bank, page-16

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wolfofall

843 Posts.

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24/09/23

16:26

Post #: 69999707
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Originally posted by DefinedBenefit0: ↑

As you asked nicely, 19 times and half a dozen times the other banks. Buy and hold would have been a paper loss so far.

But I need an intervention to just buy and hold- experts and history point to buy and hold being the best strategy in the long run.

Though, over the last 20 odd years, Australian banks have not performed well. My theory is that, back in the day, banks had a license to rob clients at will. Now banks have to at least pretend to be doing something for the money that they extract. Do you remember? All those charges and fees and etc that they used to extract? I received a refund a few years ago- for no apparent reason- post the royal commission the banks were tidying up- they had realised that they had simply robbed me at some stage- and returned the loot quietly without explanation.

Starting to ramble.

Sunshine to enjoy.

IMHO DYOR

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I really appreciate the reply, nearly once a month on average with Westpac… I believe it’s one of the most traded ASX stocks… can I ask what dollar value you are up or down on Westpac over the 20 months of trading?

Last edited by wolfofall: 24/09/23

WBC Price at posting: $21.14 Sentiment: Buy Disclosure: Held
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0 Great analysis

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Last $33.99		Change 0.080(0.24%)		Mkt cap ! $116.2B

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Ann: Strategy Update - Westpac Institutional Bank, page-16

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