A bank takes in deposits from customers who establish checking accounts, savings accounts, fixed deposit, and other products. The institution then lends these funds to consumers who apply for mortgages, business loans, credit cards, personal loans, and many other projects.
Bank make profits from the difference between what they pay out in interest to the depositors, and the interest income on the loans they underwrote for customers.<\/p>\n\n\n\n
An important lesson to learn here:<\/p>\n\n\n\n
Do you get rich by depositing money in the bank, or by becoming the owner of a bank?<\/em><\/p>\n\n\n\n I had attended the Annual General Meeting of Public Bank before. It was so packed that I had to park my car several blocks away. Furthermore, I couldn’t even squeeze into the meeting hall.<\/p>\n\n\n\n Compare someone who deposited money in Public Bank back in 1967, to someone who bought the shares of Public Bank when it first listed then, the shareholder is much wealthier now. Most of them are millionaires. <\/span><\/p>\n\n\n\n No doubt that banks are essential services to keep the economy running. We couldn’t imagine how we will handle money without a bank. However, looking at how the banks operate as a highly leveraged business, investors have to be extra careful. <\/span><\/p>\n\n\n\n First, you want to be a smart investor by discovering: Watch the webinar recording below, featuring Ian Tai from DividendVault.com<\/a><\/p>\n\n\n\n\n\n\n We apologize for the inconvenience, but without a logged-in Premium Webinar Membership, access to our full webinar recordings, video content, and exclusive downloads is restricted. If you find our content valuable and want to dive deeper, we invite you to check out our paid membership options call Premium Webinar Membership<\/a>.<\/em>
\u2013 Three things to look for in a Bank Stock.
\u2013 How to interpret financial statements of a bank like a pro.
\u2013 How to separate good bank stocks from the bad ones.
\u2013 Three valuation methods to assess a bank stock.<\/p>\n\n\n\nATTENTION<\/span>: The content you are currently able to view is limited because you are not logged in to our website. <\/h3>\n\n\n\n
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