took a nibble at extra ANZ today i have avoided NAB and CBA as directly held shares so far ( but i have exposure via LICs and ETFs ).
but realistically they are interwoven in the economy ( like a cancer ) as a long term yield play they have some appeal , despite the precious sins .
i won't touch CBA above $50 , but NAB could be badly smashed tomorrow ( like AMP has been justly punished )
allowing for a dividend slash ( to say $1.50 a year [ 2 x 75c ] ) still seems to be better than TLS medium term
( i already have a sub $20 order in the market for extra WBC )
already hold WBC ( av. SP $20.50 )
am nibbling carefully on ANZ
my bank exposures MQG , BOQ , WBC , BEN , ANZ and SUN ( by $value )
the banks are at a lower portfolio concentrations to what most folks have ( i was waiting for the next crash to bulk up )
am under pressure to ( wisely ) park cash ,
i will try to keep some powder dry but some NEEDS to be working ( as best it can )
i have been waiting for this crash since mid 2013 .
goodness knows how bad this crash will be ( but i suspect it will be as least as bad as 2011 )
the banks are already badly weakened , ORG and TLS troubled , AMP .. just tragic COL an unknown quantity and plenty of others not traveling so well considering the XJO is hovering around 5600