Which bank is the best value?

tahpot · 20 September 2006

I see mining stocks to be a much better, and more stable investment over the next 2 years than banks. The mining boom in Australia isn't going to just "disappear", but there is uncertainty in the overall global market place due to Oil etc. which the banks are more exposed to.

Ko Ko · 20 September 2006

I think banks are relatively safe. Over the last couples of months watching banks i only see them falling no more than 1 percent on a day and gaining that 1 percent the next day. Im holding resources at the moment but probably not contributing anymore to it.
I bought some WBC yesterday at 22.60. So we will see how it goes.
I am looking at MIG and SRG at the moment as future runners.

Freeballinginawetsuit · 20 September 2006

tahpot said:
I see mining stocks to be a much better, and more stable investment over the next 2 years than banks. The mining boom in Australia isn't going to just "disappear", but there is uncertainty in the overall global market place due to Oil etc. which the banks are more exposed to.

Do you really believe Mining stocks are more stable than bank stocks?. Come on!.

There's more SP returns (or losses), in the miners, but its definitely a more volitile market than the banks!.

Freeballinginawetsuit · 20 September 2006

Ko Ko said:
I think banks are relatively safe. Over the last couples of months watching banks i only see them falling no more than 1 percent on a day and gaining that 1 percent the next day. Im holding resources at the moment but probably not contributing anymore to it.
I bought some WBC yesterday at 22.60. So we will see how it goes.
I am looking at MIG and SRG at the moment as future runners.

Perhaps if they only go down 1 percent and then up 1 percent, they may be a waste of time trading, Tweedle de tweedle dum!

PennyHopeful · 21 September 2006

There is a write up in the latest money mag listing ANZ as a buy. refer to page 126 for analysis and justification. i hold BOQ and am considering taking a position in ANZ. my portfolio is overweight in resource stocks but even though i know the negativity on resources and that diversification is the key i think they all have potential so its tough to sell.

swingstar · 21 September 2006

PennyHopeful said:
There is a write up in the latest money mag listing ANZ as a buy. refer to page 126 for analysis and justification. i hold BOQ and am considering taking a position in ANZ. my portfolio is overweight in resource stocks but even though i know the negativity on resources and that diversification is the key i think they all have potential so its tough to sell.

Money mag said TEN was a buy earlier in the year.

Freeballinginawetsuit · 21 September 2006

PennyHopeful said:
There is a write up in the latest money mag listing ANZ as a buy. refer to page 126 for analysis and justification. i hold BOQ and am considering taking a position in ANZ. my portfolio is overweight in resource stocks but even though i know the negativity on resources and that diversification is the key i think they all have potential so its tough to sell.

You will struggle to find a bank stock to buy for a penny, pennyhopeful!.

PennyHopeful · 21 September 2006

i dont consider any resource my bible and money mag is no exception... just another resource.. as for my name... on my birth cert it dosnt say hopeful but my nick has my name in it???????????? cryptic i know... starting to regret i tnow though

happytrader · 21 September 2006

mime said:
Commdities stocks are good. I've done ok out of them(I wish I sold out prior to the mini crash) but I'm thinking of trying something new. Does anyone else consider the s.p of banks very predictable?

If you take a look at the stock charts on various time frames over the last 10 years of so you will be able to answer this question yourself. You will also be able to see when they are in season.

Cheers
Happytrader

slydog · 26 September 2006

well i sold my ANZ a few months ago and bought westpac as the NZ economy was supposed to be slowing down and westpac had more exposure to the financial planning market
cant remember the dates i bought but rough gains on my other bank stocks,
NAB $7
SGB $8

Which bank is the best value?

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