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Originally Posted by BigRed220
Its all about buying & selling at the right time isnt it? In early 09 Commonwealth was around the $25 mark per share, 3 weeks later they were $35 per share (i know because i traded them) & just over a year ago they hit $57 per share.
Dont think i would call them a shocking investment.
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Well maybe if you want to sit there everyday and play the up and down game you got lucky , you still playing that game ? ... good luck there buddy , you will certainly be needing it and will more than likely lose more than you gained previously .
As far as buying for the long run it has been crap , I mean to buy it and to sit on it like the majority of people do .
So $57 two years ago and $43 dollars today , so if I invested 1 million two years ago on what is the strongest of bank shares I would have lost. So I would be down almost $25% , sounds like a real good investment , so now my million in commonwealth shares is worth $750,000 two years later , and as I said a shocking investment . The graph below for the strongest banks shares in the country. And as you can see commonwealth bank shares were worth more at the end of 2005 than they are now .
http://hfgapps.hubb.com/asxtools/Cha...&TimeFrame=M10
And below is the national bank share history which shows that they were worth more ten years ago than they are now .
http://hfgapps.hubb.com/asxtools/Cha...&TimeFrame=M10
And wespac below you can see the share price was higher at the end of 2004 than it is now , another brilliant investment , not .
http://hfgapps.hubb.com/asxtools/Cha...&TimeFrame=M10
And just for good measure ANZ below , the share price was also higher at the end of 2004 than now .
http://hfgapps.hubb.com/asxtools/Cha...&TimeFrame=M10