No, I wouldn't have my cash locked up for interest under any circumstances in this environment. It's in high interest savings accounts. Therefore, accessible whenever I want. I use multiple bank licenses covered by the $250,000 government guarantee so I have zero chance of losing my capital while waiting to return to the market.
Everyone is expecting the big banks to produce outstanding results but the share prices of the big 4 have not rallied because the the fixed term mortgages and potential recession is looming on the horizon with no chance of a rate reduction between now and Christmas. I'm expecting further downturns in the big 4 share prices after the ex div dates in May.
IFL Price at posting:
$2.87 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)