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Yes they tend to just follow the economy, I just find with a growing population, they have been a steady income stream, but their price never sets the world on fire.
Yes they tend to just follow the economy, I just find with a growing population, they have been a steady income stream, but their price never sets the world on fire.well i reduced my exposure to them markedly , but not for the reasons Citi is touting
but then unlike many i always kept my exposure to 'the big 4 ' lower than most
i needed growth , and those 4 didn't seem to have sensible paths to growth
that trend didn't fit into my plan when i started investing in 2011Yes they tend to just follow the economy, I just find with a growing population, they have been a steady income stream, but their price never sets the world on fire.
As long as your plan is working, that's all that matters IMO.that trend didn't fit into my plan when i started investing in 2011
WBC and ANZ had moments when they looked like they would fit , but haven't delivered what i needed to happen
Kudos to you mate, mine started when I turned 21 and got married.maybe mine was/is too ambitious but i only had 10 years ( turned out to be less ) to get it into some sort of shape , i had to force it without blowing it all away
and amid some interesting events to boot
Funny how they always down talk banks, when the interest rates are high they complain that interest paying deposits become a liability, when the interest is low they make up whatever suits their agenda. It's most likely them snapping up all the cheap shares.Yes, I wonder where they suggest the money should be deployed to, manufacturing, mining, retail, agriculture?
Or maybe a managed fund they are running.
@mullokintyre Bordering on the verge of a scam, surely.This image below was posted on X, and after a bit of research I found THIS on JPMorgan site confirming some of the data.
I wonder how many mortgage holders with WBC know that part or all of their mortgage has had a transfer of ownership.
For those with a little memory, it was the proliferation of these types of collateral instruments that caused the GFC.
Mick
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Obviously the banks think the property market is overheated.This image below was posted on X, and after a bit of research I found THIS on JPMorgan site confirming some of the data.
I wonder how many mortgage holders with WBC know that part or all of their mortgage has had a transfer of ownership.
For those with a little memory, it was the proliferation of these types of collateral instruments that caused the GFC.
Mick
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one must now wonder if WBC is unique in doing thisThis image below was posted on X, and after a bit of research I found THIS on JPMorgan site confirming some of the data.
I wonder how many mortgage holders with WBC know that part or all of their mortgage has had a transfer of ownership.
For those with a little memory, it was the proliferation of these types of collateral instruments that caused the GFC.
Mick
View attachment 176312
absolutely nothing compared to when the mortgagees find outObviously the banks think the property market is overheated.
Maybe the old brown paper bag comes in handy when buying. Stress free mortgages.remember plenty of politicians have 5 or more investment properties , i wonder how many have a mortgage or two ?
Sorry state of affairs.think of the stress leave levels created by branch staff when they get surprised by upset mortgagees
WBC under it's various names throughout history , has done it's very best to tempt the limits of bankruptcy themselvesI keep on telling people that the big banks will never lose out, they've been selling high risk loan books for a few years.
The problem with selling loans is if the company that buys them goes into default the mortgagee will lose whatever they've bought.
The US has a different loan structure than us, and they can walk away from a mortgage with fewer consequences. The shorting never helped either, it is one thing they should never allow in Australia as our market is a lot smaller.WBC under it's various names throughout history , has done it's very best to tempt the limits of bankruptcy themselves
sure the mortgagee risks it all , but the GFC caused some interesting issues both in the US and elsewhere ( and in the last two years banks don't seem to be as solid as the public thought )
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