Update- Disruptive Technology
It must be said that the four major Australian banks have made substantial returns for their shareholders over the past two decades.
However investing is not about past performance, it is about the science and art of value investing (read Benjamin Graham, The Intelligent Investor).
Bank margins are being targeted on all fronts- deposit taking, payment systems and lending.
Technology is eroding their oligopoly and it is now only a matter of time before returns begin to slow to a pedestrian pace.
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me via Contact Us or to call me on +61 2 9267 2322.
22nd-September-2014 | 
