Comments by "John Woodrow" (@johnwoodrow8769) on "Westpac's profit exceeds $3.5 billion" video.

To all the people bitching about the profits made by Australian banks ..... you do realize a proportion of it is being paid to YOU! If you are have worked any time since 1986 your employer will (should have) paid some of your hard earned money into compulsory superannuation. Where did your superannuation provider invest perhaps a fair chunk of that money??? Into the Australian share market. What makes up the majority of the Australian share market, correct, the Big 4 Australian banks. So stop bitching, your are a shareholder in Westpac (whether you know it or not), Westpac pays out the vast majority of its profits to its shareholders, so your share of the profit announced is being paid to YOU!
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@HelloWorld-ns7gt "Perhaps" what? Are you suggesting Westpac doesn't distribute its dividends equitably and correctly to all its shareholders? Big claim, got any evidence? Holding shares directly in some of the Big 4 banks and via my superannuation I'd certainly like to know if you have solid information I'm being swindled.
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@HelloWorld-ns7gt Yes you did. I just pointed out how silly your 'suggestion' actually was.
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@HelloWorld-ns7gt Why should the investors (shareholders) who take considerable risk with their investment (they could potentially lose 30% of their money overnight, yes the share price could plunge that much, and probably will when the asset bubble bursts) get a greater return than you with you money in a government guaranteed bank deposit?? Do you even understand basic investment 'rules' like the higher the risk the higher should be the return? I'll guess not as you wouldn't even write a comment like that if you did. I can see I'm just wasting my time as you really have no understanding of some pretty basic business concepts. Don't feel too left out, as most people also don't.
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@HelloWorld-ns7gt On 2 April 2015 Westpac shares were trading at $39.21. From that point it has been basically all downhill in value to trade as low as $14.95 on 22 March 2020. Just in case your maths isn't too hot, that's a fall in value of 62%. They have rebounded somewhat to be currently trading at $25, similar price to what they were in 2007, some 15 years ago. Really great investment, not! If someone does buy them at a very low price, their reasonable dividend payments of around 5% a year (which is the distribution of the majority of that supposedly 'obscene' profit) they can offer a modest investment return for a pensioner. You really don't know much about this subject. However I sincerely trust you actually do learn something from this brief exchange. The very reason Australia dodged the Global Financial Crisis which decimated the majority of the world was (a) a demand for our commodities by a booming Chinese economy, and (b) our conservatively run and reasonably well regulated banking system. Australia has been VERY well served by its banking system, just a pity they offer a pretty lousy investment return for the shareholders.
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