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.

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