I compare what would happen if you had saved $10,000 in a high interest savings account vs buying $10,000 of shares in Commonwealth Bank. Does earning interest beat dividends and capital gains/losses? Do banks take care of their customers or shareholders? The final result will end up depending on a few factors which I call out towards the end of the video.
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Timetamps:
0:00 Intro
1:38 Comparison table
4:33 Savings @ 2% I/r
4:45 Investment @$67/share
5:18 CBA’s share price
6:00 Investment @$90/share
6:22 Investment @$60/share
7:03 Customer vs Shareholder
9:30 Past doesn’t predict future
10:14 Your investment =$0
11:00 Compounding investments
12:09 Impact of Taxes (Franking)
13:17 My takeaways
My setup (Australian Amazon Affiliate links):
Canon 80d camera and lens: amzn.to/2He8SS6
Rode mic: amzn.to/2TdeDBX
Other videos you might be interested in:
My video on Trading on CommSec: • CommSec Trading Tutori...
My video on ETFs in Australia (Vanguard, BetaShares, iShares, StateStreet): • ETFs in Australia: 4 E...
Nick Kendall’s (my friend’s) video on Buying shares on NAB Trade: • How To Buy Shares On A...
My Playlists:
Personal Finance: • Personal Finance
Investing: • Investing
Useful links:
Australian Government website on personal finances: moneysmart.gov.au
Disclaimer:
The information provided in this video is general in nature only and does not constitute personal financial advice. You should also consider seeking the advice of an investment advisor who holds an Australian financial services (AFS) licence or is a representative of an AFS licensee. Be sure to work with someone who understands your investment objectives and tolerance for risk. Your investment advisor should understand these products, be able to explain whether or how they fit with your objectives, and be willing to monitor your investment alongside you.
Affiliate Links
Please note: Any links to products on Amazon in my video descriptions are affiliate links, which means I will get a commission from any products you may purchase via the link. This really helps to support me and the channel so I can keep creating videos into the future. Thanks so much for your support and for taking the time to watch my videos!
9 июл 2024