The truth is- I love the way that bank share prices are bouncing around at the moment.
I acknowledge that in the long run- buy and hold is the superior strategy- but whenever I decide to move to buy and hold- the market discombobulates again.
My first few months of trading- 2020- I found the volatility really difficult- panicked and took losses. Now loving it.
But, eventually, planning to buy and hold.
Back in at the open this morning. Did you smell the napalm this morning?
Bank profits are up. Dividends are good. The outlook is difficult again. Ex-dividend for the banks will coincide with tax loss selling. I must do some research- is the ex-dividend SP fall greater in May/June than it is in November/December? Be interesting to know.
Good luck to all. DYOR IMHO etc etc.
WBC Price at posting:
$21.32 Sentiment: Buy Disclosure: Held
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