The only risk with a no risk 5% TD is the 37% tax I will pay on it! WBC up 3% in one day! Over the next year while your money is devaluing in a TD and the ATO is waiting for their share, WBC will outperform from here and you will get another DIV in 6 months. Term Deposits are great if you earn nothing a year, other that that being invested is a better option.
"Chief executive Peter King said Westpac’s balance sheet was the strongest he’d seen in his 29 years at the bank"
WBC Price at posting:
$22.13 Sentiment: Buy Disclosure: Held
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