Is it time to get on the banks?

Discussion in 'Shares & Funds' started by Brisbane04, 4th Mar, 2020.

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  1. MangoMadness

    MangoMadness Well-Known Member

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    I have been eyeing them off for the last few days, NAB and ANZ have been looking attractive, WBC a little less so as I already hold some.

    ANZ though at around 11PE look interesting, NAB is still at 13.4PE

    Lets see what today brings
     
    MangoMadness, 6th Mar, 2020
    #21
  2. Brisbane04

    Brisbane04 Well-Known Member

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    They’ve all dropped again at this point of time between 2-3% they’re taking a big hit
     
    Brisbane04, 6th Mar, 2020
    #22
  3. MangoMadness

    MangoMadness Well-Known Member

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    Yeah I just put a small amount into NAB. It will probably keep dropping in the coming weeks but happy to start a small holding at 22.22
     
    MangoMadness, 6th Mar, 2020
    #23
  4. Illusivedreams

    Illusivedreams Well-Known Member

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    NAB at 12.39 PE looks good.
    divi is good
     
    Illusivedreams, 6th Mar, 2020
    #24
  5. Realist35

    Realist35 Well-Known Member

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    I'll probably buy ANZ soon. Already have a large holding of cba and some wbc.

    Why would you buy nab with such a poor track record? It's share price hasnt moved in 20 yrs or so. That's scary.
     
    Realist35, 6th Mar, 2020
    #25
  6. PandS

    PandS Well-Known Member

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    I only ever own CBA and the only banks I ever own don't like the other three second rate :)
     
    PandS, 6th Mar, 2020
    #26
  7. The Y-man

    The Y-man Moderator Staff Member

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    I pay them lots of money so I want some of it back as divs..... (actually I get more in divs than i pay in interest :D:D:D)

    The Y-man
     
    The Y-man, 6th Mar, 2020
    #27
    Cmelderis, Archaon, Brisbane04 and 1 other person like this.
  8. Danieljk101

    Danieljk101 Well-Known Member

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    Low interest rates (going lower).
    Probable world recession in the next few years.
    Frothy house valuations already.
    Virus about to eliminate mankind (this is what some people think.....)

    Do banks really look THAT good...?
     
    Danieljk101, 6th Mar, 2020
    #28
  9. Redwing

    Redwing Well-Known Member

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    upload_2020-3-6_18-23-28.png

    the Big 4 over the last month
     
    Redwing, 6th Mar, 2020
    #29
    Froxy and pippen like this.
  10. ttn

    ttn Well-Known Member

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    Bought bank shares over 12 months ago and so far value has gone down 12% ...oh well ...will buy more when it drops further :oops:
     
    ttn, 6th Mar, 2020
    #30
  11. Brisbane04

    Brisbane04 Well-Known Member

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    How low can it go? They took another hiding today
     
    Brisbane04, 9th Mar, 2020
    #31
  12. The Y-man

    The Y-man Moderator Staff Member

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    The GFC crash went on for almost 2 years - although the worst of it happened in the last 6 months of it.
    The dot com + 9/11 crash went on for 3 years

    The Y-man
     
    The Y-man, 9th Mar, 2020
    #32
    pippen likes this.
  13. Perky29

    Perky29 Well-Known Member

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    Prices keep getting better, wait till the dust settles. There could be some 10% yields coming.
    Even if they dropped dividends, will still be a nice yield play.
     
    Perky29, 9th Mar, 2020
    #33
    Brisbane04 likes this.
  14. Never giveup

    Never giveup Well-Known Member

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    Is there a way or website that I can use to compare PE for the individual stock and the industry?
     
    Never giveup, 9th Mar, 2020
    #34
  15. AndyPandy

    AndyPandy Well-Known Member

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    Sign up to commsec for free.
     
    AndyPandy, 9th Mar, 2020
    #35
  16. ttn

    ttn Well-Known Member

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    value now is 22% down ... ouch ...have the cash but no guts to buy today :(
     
    ttn, 9th Mar, 2020
    #36
    Brady likes this.
  17. Never giveup

    Never giveup Well-Known Member

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    Oh thanks, I should explore that option...i didn't know the industry option
     
    Never giveup, 9th Mar, 2020
    #37
  18. AndyPandy

    AndyPandy Well-Known Member

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    Australia
    Trying to arrange cash now but yeah, wondering about what percentage of it to throw in right now and how much to hold for further falls. Still hasn't fallen past the 2018 low but how greedy should I be...


    Screen Shot 2020-03-09 at 5.37.06 pm.png
     
    AndyPandy, 9th Mar, 2020
    #38
  19. Redwing

    Redwing Well-Known Member

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    CBA dividends due end of March
     
    Redwing, 9th Mar, 2020
    #39
  20. geoffw

    geoffw Moderator Staff Member

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    Newcastle
    Record date however was 29 February. In case that makes a difference to you.
     
    geoffw, 9th Mar, 2020
    #40
    Danyool likes this.
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