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If I'd put $5,000 into Westpac shares just 1 year ago, here's what I'd have now

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Let's see how successful an investment in Australia's oldest bank would have been. The post If I'd put $5,000 into Westpac shares just 1 year ago, here's what I'd have now appeared first on The Motley Fool Australia.
The article discusses the hypothetical scenario of investing $5,000 into Westpac Banking Corporation (ASX: WBC) shares one year ago. It highlights that over the past year, Westpac shares have experienced a significant decline, dropping by approximately 15%. If an investor had put $5,000 into Westpac shares at that time, their investment would now be worth around $4,250, not accounting for dividends or any trading fees. The piece also touches on the broader context of the banking sector's performance, mentioning challenges like rising interest rates, economic uncertainty, and competition from newer financial technology companies. Despite the short-term loss, the article suggests that long-term investment in established banks like Westpac could still be beneficial due to their historical resilience and potential for recovery.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/lifestyle/misc/if-i-d-put-5-000-into-westpac-shares-just-1-year-ago-here-s-what-i-d-have-now/ar-AA1vP1xi ]