Time to sell the banks?

The big four banks have delivered an average total return of 42% over the past year. Nathan Bell makes the case for a thorough reassessment of your portfolio weightings.

Look closely at the cavernous walls that enclose Sydney’s Martin Place and you’ll find a small plaque marking the last living moments of the financial advisor that told his clients to sell the big four banks.

His was a Mishima-like death, a man so traumatised by his own mistakes he could face the world no longer. It was a sad, public and bloody end to a decent and well-intentioned man.

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