Time to sell the banks?

Success creates its own problems, especially in investing. That’s especially true of many investors’ holdings in the big banks, which frequently break one of investing’s golden rules – portfolio diversification – and put at risk the huge gains made over the past decade or so. Last week a Share Advisor member declared they had about 90% of their portfolio invested in the major banks. This may be an extreme, and extremely worrying, example, but many investors allocate more than 20% of their portfolios to the banks. That’s a worry because the miraculous performance of the big banks masks the fact...

Success creates its own problems, especially in investing. That’s especially true of many investors’ holdings in the big banks, which frequently break one of investing’s golden rules – portfolio diversification – and put at risk the huge gains made over the past decade or so.

Last week a Share Advisor member declared they had about 90% of their portfolio invested in the major banks. This may be an extreme, and extremely worrying, example, but many investors allocate more than 20% of their portfolios to the banks.

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