Nothing against our big banks (apart from the fees perhaps) but they seem to have a bit of a stranglehold on where we put our money in Australia.

 

Just when you think one comes along that offers great service they seem to be swallowed up by or ‘merge’ with another player. I understand the concept that the major banks have to grow profits to look after shareholders funds and consequently many people’s superannuation but it would be nice if someone gave them a little bit of a run for their money.

 

Kiwi Bank seems to have achieved this in New Zealand. Will probably never be a major player in banking but doing enough to keep everyone else honest. 

 

Kiwibank’s Call To Arms

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This is actually one of the better articles written about the current economic situation. The comment re Westpac and its share price offering pretty good value raises an obvious question. Surely there must be other stocks out there that have been over sold. The old back to basics, stick to staples type formula probably has a bit of merit. Certainly do not want to be offering stock market advice, but if anyone has any thoughts on well run companies that offer good value then keen to hear. http://business.smh.com.au/business/cop-a-dose-of-harden-up-20081114-66nl.html?page=1

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