Eureka Correspondence

Cutting back bank exposure and asking for more about bonds.

Just a big thank you to Alan and Eureka for banging about being too exposed to bank shares (see Beyond banks: Other yield ideas and Has the hunt for yield peaked?.

At one stage I wrote a letter defending them, however, your words of caution were always in the back of my mind and six months ago I started  reducing my exposure. You saved me a lot of money this week. Thank you again, very much.

Mark Umbers

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