7And don’t forget your initial investment of $10K is now...

7

And don’t forget your initial investment of $10K is now yielding you over $3K in tax free dividends!

The wonder of long time skin in the game, you won’t go bust investing in major banks in Australia, and because our super industry relies on them for dividends you are guaranteed high yield tax free income.

The doomsayers go on about capital gain and losses, and arguablely a narrow range of trading valuation. But I beg to differ, rely on dividend streams and buy into banks during down periods, like now, and reap capital gains too.

Have also been heavily invested in banks since 1994, ie bought $10K worth of NAB for about $7 a share, currently hold over $3M in banks shares, in and outside of super, not being smart in saying this but highlighting that you could do a lot worse with your investments and hard earned cash. Go long and hard