Would you bet on our majors
Albert Achanfuo-Yeboah from Oasis Home Loans-Southern Highlands said that from time to time we tend to hear people in public places talking about how lucky we are as Australians and how confident we are in trusting our bank’s to look after and keep our money safe, or is it just that if our money is somewhere else we wont spend it so quick? You be the judge.
On the other hand we as a people demonstrate how we feel about the majors in another way as stated here in smh.
“What’s holding us back from recommending these stocks? Is it the potential for an Australian property market bust? The fact that our banks are reliant on overseas funding to keep things afloat? That they are part of an unpredictable and potentially fragile international financial system? That they haven’t been fully tested in a higher unemployment environment for almost 20 years? Or that they’re exposed to derivative financial instruments which have caused some of them “risk management issues” in the past?”
At the end of the day one could say that just putting our money in an institution could be looked at as placing a bet. To conclude I suppose there is possibly a little roulette hidden deep down in all of us.
Leave a Reply
You must be logged in to post a comment.