Tigress02
2023-01-13

My recommendation would be CBA (Commonwealth Bank of Australia), because it's one of the top big 4 banks and bank stocks are inflation-resistant investments. Customer taking advantage of the rising interest rates tend to put cash in the bank to take advantage of the higher yields on offer from savings accounts and term deposits. All of this is good news for bank stocks in general.

ASX Stocks Opportunities
The ASX is heavily weighted towards financials, materials, and healthcare sectors. Which company or sector are you bullish? Share with Tigers here!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Bodoh
    2023-01-13
    Bodoh
    Higher interest rates wont lead to bad debt n foreclosures?
    • Bodoh
      And the bank can pay out interest from where?
    • Tigress02
      No, because in this case people are not borrowing from the bank. They are just putting their money in a Term Deposit account to earn interest.
  • prestomanik
    2023-01-13
    prestomanik
    thx for sharing
  • Hellopretty
    2023-01-13
    Hellopretty
    hi there
  • Viv22
    2023-02-11
    Viv22
    👍
  • TCC1970
    2023-01-13
    TCC1970
    Thanks
  • boohuang
    2023-01-13
    boohuang
    ok
Leave a comment
35
3