Is the CBA share price a buy?
Image source: Getty Images
Owning Commonwealth Bank of Australia (ASX: CBA) shares has been a very fruitful investment over the last few years, as the chart below shows.
‘Past performance is not a guarantee of future performance’ is a common phrase used in the investment world, but it’s an important one, particularly in this scenario.
But, it’s also true that a relatively small group of businesses are responsible for a large portion of outperformance. As the biggest businesses on the ASX, CBA shares play an important role in the overall market performance.
However, it’s important to question whether CBA can be a market-beating investment from here, or whether it’d be better to buy something else (including the Vanguard Australian…
