After a horror year for shareholders in 2020, Westpac has started 2021 with arguably the best performance of the Big Four banks. So is this the start of Westpac getting its "mojo" back”?
Paul Rickard has more than 30 years’ experience in financial services and banking, including 20 years with the Commonwealth Bank Group in senior leadership roles. Paul was the founding Managing Director and CEO of CommSec, and was named Australian ‘Stockbroker of the Year’ in 2005. In 2011, Paul teamed up with Peter Switzer and Maureen Jordan to launch the Switzer Report, a newsletter and website for share market investors. A regular commentator in the media, investment advisor and company director, he is also a Non-Executive Director of Tyro Payments Ltd and PEXA Group Limited.
After a horror year for shareholders in 2020, Westpac has started 2021 with arguably the best performance of the Big Four banks. So is this the start of Westpac getting its "mojo" back”?
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Here is my assessment of the likely performance of the 11 industry sectors in 2021 and how you may wish to bias your portfolio.
Let’s look at how the industry sectors performed in 2020 and the potential standout performers in 2021.
I am going to have a go at defending the indefensible – short selling.