I reckon your all wind , if your daytrading what the hell has fundamental news got with anything . I say you didn't trade these 5 banks at all . Easy to prove me wrongAfter timing if I've ever seen it. In and out already for profit on 5 banks. Thanks though for actually adding something constructive, albeit after the event.
Ok Kudos you did trade it so I was wrong there although your broker made as much money as you did so I'm a little perplexed why the hyperbole , anyway the point I was making is your original post was along the lines of a position trade not a 2 hour daytrade , I can tell you now news is next to useless intra trading banks . Your green-ness is evident , I suggest you look at trading spi/xjo/aus200 intraday , way more bang for buck ... good luckIt's *you're
I don't need to prove anything to anyone. Still organising a cheaper broker as all I had was E-Trade but since researching here found out about IN etc which are cheaper.
In the meantime just dipped my toe in with Plus500 http://imgur.com/a/NgQoz
Cheers Luke
Ok Kudos you did trade it so I was wrong there although your broker made as much money as you did so I'm a little perplexed why the hyperbole , anyway the point I was making is your original post was along the lines of a position trade not a 2 hour daytrade , I can tell you now news is next to useless intra trading banks . Your green-ness is evident , I suggest you look at trading spi/xjo/aus200 intraday , way more bang for buck ... good luck
Landing on the bulls market is not favorable for me.Looking for more fundamental factors to see a strong bullish rally in the market.But things might shot up at any time in the market.Newbie here so go easy on me if my line of thinking is flawed as this thread develops.
Anyone looking at buying the banks yet? "Levy" to be passed on to consumers through fees so shouldn't hurt them too much should it? Guess the lending market has tightened up though so growth in that space will be tougher for them.
Cheers Luke
The 10-year once crash ??
I think technology disruption by organisations such as Google is likely. I only own a small amount of one bank and that's Bendigo Bank as it has the possibility to grow faster than the big banks as technology costs fall.I’m a fairly long term buy and hold guy.
Case for banks:
- Oligopoly market structure.
- Franking credits
- DRP reinvestment option
- High yield
- To big to fail
- Good substitutes for direct property exposure and possible cash deposit alternative.
- Few other options on the all ords/ marrow market options.
- Historically low price
Case against:
- Subject to high degree of reputational risk
- Dividend may not be sustainable in a property market crash event
- Structuraly exposed sector. Technology may disrupt. Not much product innovation, shedding business units
- Look like a value trap.
- Effectively government controlled via regulation.
As the banks dip in price, so goes the average stock portfolio down as they tend to be weighted heavily towards banks. I think risk control through exposure and position sizing in ones portfolio is prudent.
Using the DRP may help increase the number of holding units and offset capital loss. In the past this has helped me zag more on a rebound in share prices.
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