Superannuation Discussion + market volatility

[MARTINE]

Yes, despite all those saying the banks are overvalued they keep going up. I did sell a relatively small %ge of my CBA shares recently but glad it was not more now.

I always love bank shares - buy once buy often and always. Until money becomes obsolete as a construct people want to borrow it or save it - from someone (even if the bank is in cyberspace rather than bricks and mortar most of the time)

 

[Brissy1]

OK! My new fave read (AFR) agrees (sorry, paywall and the ladder no longer climbs it)

This year’s winners were hiding in plain sight

If you could have sacked your fund manager for 12 months and put it all in bank shares – one of them, two of them, three or all four, take your pick – you’d be laughing.

The big four’s share prices all finished up 20 per cent or more for the financial year, and paid dividends on top. The benchmark S&P/ASX 200, even though it was fuelled by the big banks, gained 7.8 per cent.

And as reported in The Australian earlier this week,
"Professional traders are shorting the nation's biggest bank"
again! And one reason for CBA's recent spike is that the shorts had to cover (buy out) their shorts because of the price increase
I suppose they might eventually get it (timing) right.
(Edited out pay-walled link)

 

[RooFlyer]

I did sell a relatively small %ge of my CBA shares recently but glad it was not more now.

Me too At $120 I thought I wouldn't miss a few ....

 

[burmans]

Me too At $120 I thought I wouldn't miss a few ....

Well there were some on here predicting the price would go south of $100. While I have some sympathy for the view they are priced for perfection I’ve heard that so many times over the years while the price just goes up and up I generally tune that out. Maybe I should have this time too!