I don't disagree about risk with banks but again my ownership cost is now significantly low (even lower then the lowest price bank hit during covid).
I don't expect bank to grow neither i wanted them to grow. all i want them to do is give me fully franked $2 per share dividend ! nothing more.
With this i am currently trading at 20% per annum basis since last 5 year which is more then enough for me to continue holding the winners and discounting losers. Thanks to banks i am getting 10% per annum in dividend yield and remaining 10% on growth (by investing bank dividend in different sector).
HCW Price at posting:
75.5¢ Sentiment: None Disclosure: Not Held
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