http://www.moneyandinvesting.net/2006/01/27/deposit-at-the-bank-or-own-the-bank/ Making you richer every day. Mon, 24 May 2010 07:41:03 -0400 http://wordpress.org/?v=2.8.6 hourly 1 http://www.moneyandinvesting.net/2006/01/27/deposit-at-the-bank-or-own-the-bank/comment-page-1/#comment-280 The Adventures of Slightly Taller Than Average Man » Don’t put money in the bank, own the bank! Mon, 30 Apr 2007 10:19:51 +0000 http://www.moneyandinvesting.net/?p=6#comment-280 [...] While I can’t recall the exact place I heard it (although I’ve found at least one site that looks at the concept), I thought it was at least quickly looking into it. I compared putting money in a ING Direct “Savings Maximiser” account to buying stocks in four major Australian Banks: Commonwealth, Westpac, Suncorp, and Bank of Queensland. [...] [...] While I can’t recall the exact place I heard it (although I’ve found at least one site that looks at the concept), I thought it was at least quickly looking into it. I compared putting money in a ING Direct “Savings Maximiser” account to buying stocks in four major Australian Banks: Commonwealth, Westpac, Suncorp, and Bank of Queensland. [...]

]]> http://www.moneyandinvesting.net/2006/01/27/deposit-at-the-bank-or-own-the-bank/comment-page-1/#comment-250 My Dividend Stocks (2007 Q1) : Money And Investing Fri, 20 Apr 2007 12:35:10 +0000 http://www.moneyandinvesting.net/?p=6#comment-250 [...] Most of my dividend portfolio is based on banks, as described on my article Deposit at the Bank or Own The Bank. My father-in-law says (I rephrase) that any business that gets money in one hand and gives money away with the other hand is surely keeping something for themselves: a spread, a commission, administrative charge, or simply some revenue. Most importantly, they make money out of nothing at all: none or almost no inventory. Banks, casinos, insurance companies, and money changers fall into this category. [...] [...] Most of my dividend portfolio is based on banks, as described on my article Deposit at the Bank or Own The Bank. My father-in-law says (I rephrase) that any business that gets money in one hand and gives money away with the other hand is surely keeping something for themselves: a spread, a commission, administrative charge, or simply some revenue. Most importantly, they make money out of nothing at all: none or almost no inventory. Banks, casinos, insurance companies, and money changers fall into this category. [...]

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