Not owning Aussie banks has saved you money
November 16, 2018 Leave a comment
For 5 years I have advised clients to steer clear of owning shares in Australian banks.
Telling people when to sell, avoid or hide, not only saves & protects their capital but isn’t displayed in their annual summary of portfolio returns.
Such analysis and advice is unquantifiable yet it has proven to be invaluable.
It remains a difficult concept to explain to prospective clients.
Here are the 5 year price charts of CBA & NAB.