AFF Member Stock Discussion

[Dr Ralph]

Sold all of my CBA shares tody. Overvalued for me and dividend now very weak compared to the other banks.

I have been buying on and off for over 20 years. When calculating the capital gains tax I noticed a few purchases at around the $60 mark 4 years ago. Has been a nice earner, but better value elsewhere for me.

 

[SYD]

Sold all of my CBA shares tody. Overvalued for me and dividend now very weak compared to the other banks.

I have been buying on and off for over 20 years. When calculating the capital gains tax I noticed a few purchases at around the $60 mark 4 years ago. Has been a nice earner, but better value elsewhere for me.

My average purchase price is $45 (in part thanks to the takeover of Colonial Mutual years ago) but also some topups and DRPs along the way. I‘ve been pondering the pros and cons of selling some (“profit take”) but the ~$10k pa plus franking credits is now something like a 13% return on cost.

Isn’t there a saying “You’re better off owning the bank than putting your savings in it”….

Although a few brokers do have a “Sell” on CBA. I certainly would not be buying more anytime soon.

 

[anyonebutqantas]

Sold all of my CBA shares tody. Overvalued for me and dividend now very weak compared to the other banks.

I have been buying on and off for over 20 years. When calculating the capital gains tax I noticed a few purchases at around the $60 mark 4 years ago. Has been a nice earner, but better value elsewhere for me.

What led you to that decision?

 

[Dr Ralph]

What led you to that decision?

My own research. Just looking at the dividend, it was a fairly easy decision for me.

CBA - 4.0%
ANZ - 6.5%
WBC - 6.3%
NAB - 5.4%
BEN - 6.5%
BOQ - 6.6%

 

[tgh]

The current CBA price is probably singing for a correction.. but corrections come and go….
I hold most of the above but see little point in rearranging the deck chairs in the hope of minor gains
I suspect that the average Div + Capital gains over the years would favour CBA .

 

[anyonebutqantas]

My own research. Just looking at the dividend, it was a fairly easy decision for me.

CBA - 4.0%
ANZ - 6.5%
WBC - 6.3%
NAB - 5.4%
BEN - 6.5%
BOQ - 6.6%

Should we all buy BOQ then?

 

[SYD]

Should we all buy BOQ then?

…a relatively high return can be a sign of a falling stock.

My own research. Just looking at the dividend, it was a fairly easy decision for me.

CBA - 4.0%
ANZ - 6.5%
WBC - 6.3%
NAB - 5.4%
BEN - 6.5%
BOQ - 6.6%

Is that based on current share price* or what you paid?

*I haven’t checked but that looks like what Commsec, Nabtrade etc are currently quoting.

 

[Dr Ralph]

Is that based on current share price* or what you paid?

*I haven’t checked but that looks like what Commsec, Nabtrade etc are currently quoting

That's direct from Comsec today.

Post automatically merged: Jan 19, 2024

Should we all buy BOQ then?

I wouldn't. But that's primarily because I'm already overweight in that stock, rather than not believing in it.

If you want a higher and consistent dividend have a look at WAM or WLE.

 

[anyonebutqantas]

That's direct from Comsec today.

Post automatically merged: Jan 19, 2024

I wouldn't. But that's primarily because I'm already overweight in that stock, rather than not believing in it.

If you want a higher and consistent dividend have a look at WAM.

10% yield? Wow!

 

[Mr_Orange]

If you want a higher and consistent dividend have a look at WAM.

We have held WAM for years in our SMSF.

 

[cove]

We are still unhappy with our investment in WAR so we won’t be buying more WAM.
Have not sold CBA nor Transurban despite both being overpriced.
We have all of the largest 5 banks as well as BOQ.
It will take BOQ time to recover their damaged reputation.

 

[Mr_Orange]

We are still unhappy with our investment in WAR

WAR only floated 2.5 years ago and has a minimum investment timeframe of 5-7 years so it's rather early to be judging it.

 

[cove]

Too little for a listed stock…..

 

[prozac]

WAR only floated 2.5 years ago and has a minimum investment timeframe of 5-7 years so it's rather early to be judging it.

At 1.03 it is a better investment than when it listed, if the market holds.

 

[cove]

Ten percent compounding doubles your money in 7 years or 7% compounding doubles your money in 10 years.

 

[ramamba]

IMO from the Wilson stable the only fund worth holding is WMI.

 

[cove]

We regret not buying Costco shares. We have been members for years.

 

[Cruiser Elite]

We regret not buying Costco shares. We have been members for years.

I still remember sitting at back bar in Flamingo Casino LV in about 2005 or so and a Yank saying to me whatever you do just load up on Google and Apple shares as they will dominate down the track - I was too smart to take advice from a total stranger

 

[prozac]

I still remember sitting at back bar in Flamingo Casino LV in about 2005 or so and a Yank saying to me whatever you do just load up on Google and Apple shares as they will dominate down the track - I was too smart to take advice from a total stranger

Not on the same scale. I worked on a Woodside project in 1982, bringing their first production platform online, North Rankin A. Quite a number of the fellas I worked with owned shares, at the time valued at 15c ea.

 

[lilkid28]

I still remember sitting at back bar in Flamingo Casino LV in about 2005 or so and a Yank saying to me whatever you do just load up on Google and Apple shares as they will dominate down the track - I was too smart to take advice from a total stranger

Still can do so, but wait for a 30-40% dip/crash. It's happened before, and will happen again.