WBC 0.00% $28.48 westpac banking corporation

If you sit on the $240 bucks a week your wealth will grow 12.5 k...

  1. 432 Posts.
    lightbulb Created with Sketch. 210
    If you sit on the $240 bucks a week your wealth will grow 12.5 k per year.
    Beautiful. No painting , Tennent's , Rates , Insurances. No worries at all just sit back and let the good times roll.

    After 10 years you will have accumulated $125,000. Beautiful. Now what ?

    You now have $375,000 .Invest that again and you will receive around $360,00 a week. Sit on it for 10 years and you will have $555,000. Now what ?

    Of course you reinvest again Poppy , then what ? Your funeral.
    When they bury you you will have accumulated $555,000 you sat back every week for the prior 20 years watching the $240 a week roll in but you could not touch it. Therefore you must have had a job for those 20 years during which time you would have paid taxes including tax on your few bucks you make from your investment.

    Yes it was a safe life , and you worked every day to maintain your safe life while the wealth builders at Macquarie Bank used your $250,000 to purchase properties which have gone up 3 fold in the twenty years and their shares that have gone up 10 times.

    I remember buying WBC at 8 bucks , BHP 7 bucks , Rio at 12 bucks , CSL at 30 and yes God forbid even Mac Bank at $60.00. I have enjoyed the divvys because I like buying motor bikes , I enjoyed the Credits because I hate paying tax , and my wealth has increased with the share price. When they bury me I will have built wealth with what was mine , not handed to a bunch of cowboys to build wealth for themselves and theirs. Yes a few falls off of those bikes a long the way , but all in all Poppy a hell of a ride. Risk is good.
 
watchlist Created with Sketch. Add WBC (ASX) to my watchlist
(20min delay)
Last
$28.48
Change
0.000(0.00%)
Mkt cap ! $98.72B
Open High Low Value Volume
$28.48 $28.65 $28.37 $123.8M 4.344M

Buyers (Bids)

No. Vol. Price($)
2 3235 $28.47
 

Sellers (Offers)

Price($) Vol. No.
$28.49 6049 2
View Market Depth
Last trade - 16.10pm 18/07/2024 (20 minute delay) ?
WBC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.