'I can't help thinking that the investment mantra of 'diversification' has cost me money and I would have been a lot better off being just a little bit naughty by ignoring it and holding more banks" (here).That's choosing to allocate more to an overvalued asset with bad risk and reward profiles...Watch out Australia!!
Thursday 14 November 2013
Lunacy
Notwithstanding the amount of money Australians have invested in the big 4 banks and their smaller cousins this appeal for more funds is just plain scary!
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