Exciting Times
September 18, 2008 9:52 pm by Dean Morel
These are the best times to be an accumulating investor. Volatile, wild times. Australian Banks were slaughtered today. Macquarie Group (MQG) and National Australia Bank NAB down heavily.
The Fusion Investing Fund was close to buying today and was hoping to buy Westpac under $21. ANZ also looked good at close to $15, but as the Fund already has a position in ANZ and it is slightly higher risk than Westpac, diversification into Westpac seemed like a better strategy. By the time this meltdown is over the fund would like positions in numerous Australian Financials.
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