Good day Gentlemen,
Have been listening for a few months now, love the show. I’m learning heaps. Awesome work and keep it up!
Wondering on your thoughts in regards to Australian Bank stocks and what the downfalls might be for the average listener out there?
With a market correction looming and interest rates falling like bricks in air, the relatively high bank yields seems like a good option for a defensive standpoint? Doing some research you can also reinvest your dividends for a discounted stock price which would create a positive loop if prices fall in a correction.
What do you reckon? Will banks cut dividends?
Cheers and thanks,