Slowly but surely they will sink like the titanic. There is far too much competition and government regulation that will prevent any growth. It’s a bit like the online broking analogy - it’s a race to the bottom. Very much like what Selfwealth is doing to the weaker competitors in that space. So the bigger the bank the bigger the fall. It’s going to be slow and steady loss of your investment and more dividend cuts if and when the over heated housing market fails it’s stress test. Ouch.
The railway stocks back in the early 1900’s were all the rage. They are were huge. Now blown apart from competitors (car stocks).
So keep on averaging down and down and down.
WBC Price at posting:
$20.96 Sentiment: Sell Disclosure: Not Held
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