Thursday, 14 November 2013


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!

'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!!

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