What do you think will happen to bank share prices after the royal Commission report?

Discussion in 'Sharemarket News & Market Analysis' started by Barny, 1st Feb, 2019.

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Buy now or wait until after the report to see what happens?

  1. Buy now

    7 vote(s)
    31.8%

  2. Buy after

    10 vote(s)
    45.5%

  3. Not buying banks at all

    5 vote(s)
    22.7%
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  1. Nuncasuficiente

    Nuncasuficiente Well-Known Member

    Joined:
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    Lovely day to own the asx 200
     
    Nuncasuficiente, 5th Feb, 2019
    #21
    oracle likes this.
  2. Big A

    Big A Well-Known Member

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    Makes sense. I decided not to go down the path of buying individual shares other than the 3 I have already. Sticking to @Nodrog 's keep it simple mantra I will buy the index and that will give me a significant exposure to the banks.
     
    Big A, 5th Feb, 2019
    #22
    Redwing likes this.
  3. Nodrog

    Nodrog Well-Known Member

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    The wonderful thing with index funds is that you don’t need to worry about what’s happening to any particular stock. In with the good / current, out with the bad / obsolete. It all happens automatically without one needing to do anything and know anything about it. A great word used to describe cap weighted index funds is they’re SELF-CLEANSING!
     
    Nodrog, 5th Feb, 2019
    #23
    Redwing likes this.
  4. Big A

    Big A Well-Known Member

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    Your preaching to the converted. I have joined the true believers of the index religion. Hallelujah.
    I want to sell everything including the kids and put it into index funds. :D
     
    Big A, 5th Feb, 2019
    #24
    Snowball and Nodrog like this.
  5. datto

    datto Well-Known Member

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    23rd Jun, 2015
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    Mt Druuiitt
    Oi.....people have voted after the event.
     
    datto, 5th Feb, 2019
    #25
    S.T, Barny and Lindsay_W like this.
  6. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,525
    Location:
    Melbourne
    I'm going to change my vote so I'll be right.....

    The Y-man
     
    The Y-man, 5th Feb, 2019
    #26
    datto likes this.
  7. Lacrim

    Lacrim Well-Known Member

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    25th Jul, 2015
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    6,197
    Location:
    Australia
    Then when the market goes down for 3 days straight, people will be saying 'I'm waiting for the crash'. The herd is very fickle....and predictable.
     
    Lacrim, 5th Feb, 2019
    #27
  8. Shady

    Shady Well-Known Member

    Joined:
    20th Aug, 2015
    Posts:
    523
    Location:
    Sydney
    I'm only admitting this because I was on the right side of the trade but I bought $10k NAB and $10k of WBC yesterday at 3pm. I wasn't all that confident last night with my NAB trade but 4% up n one day is OK, Westpac up 7% too. $1000 gain in one day ok but my reason for the purchase was the big fat dividend.
    Lets see how they're doing around/after the election.
     
    Shady, 5th Feb, 2019
    #28
    skater and Barny like this.
  9. skater

    skater Well-Known Member

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    18th Jun, 2015
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    Gotta say, I'm a fan of the dividend. Got $10k of NAB for $22.88 and another for $23.68. Wish I got more.
     
    skater, 5th Feb, 2019
    #29
    Redwing and Shady like this.
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