Ann: Macquarie Group 2020 AGM Media Release, page-20

Sure is some worthless junk among these recent posts - disappointing - anyway MQG down today but so is pretty much everything. I’m still backing it 100% as a long term hold with top ups when price dips present the opportunity - which may well be in coming weeks. I’m never concerned when it retraces from time to time and the 10 year history below is testimony to why.

Here’s how MQG compares to the Big 4 retail banks when you look at stock prices on July 31 2010 (ie 10 years ago to the day) These are adjusted for share splits and dividends.

Price 31 July 2010 versus price at noon today

MQG $21.97 v $123.80
ANZ $13.24 v $18.05
NAB $12.37 v $17.83
WBC $13.25 v $17.28
CBA $29.84 v $71.64

As you can see the retail banks have been poor investments. CBA gets a pass - just. I prefer the calculated risks/ astute investments inherent in MQG......these are impressive returns over the past 10 years and I’ll back them in over the next 10 years as well.Diving in and out of a stock like this is a mugs game - just stick with it and buy the dips.