I now own my very first shares woohoo! As I have only just started investing in the share market and learning about share investing, owning my very first shares is exciting. Owning shares in big banks is a pretty reliable income generator, all of the big banks pay dividends to their shareholders and in many cases the dividends payout is at a higher rate than if you had savings accounts with them. Westpac was a choice for me over the other major Banks for a couple of reasons at the time of my decision. Westpac was not over valued, looking at many of the other major Banks there prices appeared to be overvalued, Westpac was the one bank share that appeared about right, ofcourse lower is always nicer. Valuation of Westpac shares from the Simply Wallstreet site Dividend yield (I'll talk more about this in a sec) Westpac is in the top 25% of dividend payers in Australia (5.6%) Banking industry is a necessity and is not going anywhere anytime soon. Westpac's w...
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