WBC westpac banking corporation

Nice considered reply - and I guess the bottom line is that none...

  1. 15,644 Posts.
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    Nice considered reply - and I guess the bottom line is that none of us really know - and we may not even get a better idea when any sanctions get handed down.

    It is the old Chinese curse - "may you live in interesting times". Think we are experiencing that now.

    I sold 99% of the bank shares I was holding - luckily, most before the drop and the rest pretty early on so made a small capital gain and, of course, been picking up dividends for the last 6 years. I sold for a couple of reasons - and obviously the main one being that I could see pretty sustained SP devaluations. These may be close to the a bottom level now BUT I think there maybe a bit more SP pain left to come.

    Anyway, good luck. Best result will be a quick resolution so the scars can start to heal.
 
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