Have a look at the banking index for the last 10 years and it show they have been an average investment,the dividends have been ok but then there have been capital rising so we have payed for our dividends,the banks today are much smaller and have less businesses than 10 years ago and that business is open to more entrants with a smaller cost base so they will come under more pressure.. Macquarie was a different bank 10 years ago than it is today the big 4 had the same opportunities available but stuck to the old model and are not looking for other opportunities.I do still have a few CBA,NAB and ANZ but cashed in most of them this time last year when they went ex div and invested in some growth shares that have out performed the banks and put me in a much better financial position
NAB Price at posting:
$22.73 Sentiment: Hold Disclosure: Held
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