Sell banks, save tax

Australian bank stocks have been good to sharemarket investors. So good that some – including many who might consider themselves risk-averse – have simply astonishing amounts invested in them.It worries us – and we sincerely hope it worries you. But our hunch is that many of our members still hold more than 20% of their portfolios in bank stocks (see How much is too much? below). It’s especially worrying because bank stocks are masquerading as the market’s miracle-makers but they’re riskier than they’ve ever been.The solution is simple: sell down your bank holdings. There’s no need to sell all at...

Australian bank stocks have been good to sharemarket investors. So good that some – including many who might consider themselves risk-averse – have simply astonishing amounts invested in them.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles