born2invest, I have been reading your investment diary on this thread with great interest. I have held 'big bank' shares over the last ten years based on the general logic that banks seems to do well in good times and bad and have tended to have dividend yields that outperform their own term deposits. However, I have never claimed to have understood bank shares and have spent are large amount of time over the last two years trying to do so.
I am pleased for you that you have grouped three classes of financial shares in the 'easy' basket. But I do wonder if your intellect is so much greater than mine (which in fairness I admit it may be) or whether you are showing just a touch of youthful exuberance with say your CCP investment. I go back on this forum to the days of the late Gerry Stolwyk who was a huge enthusiast in the finance (subset debt collection) sector. I missed out on the Baycorp boom (the hot share in this sector at the time, but one I didn't understand) but also missed out on the subsequent bust.
Collection House in Australia I recall charted a similar path. I wonder how CCP today compares with those two historic examples?
SNOOPY
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