The big four banks

I am holding a fair share of my portfolio in the big four banks which are paying good dividends for my SMSF.

With them dropping and dropping , do you feel I should sell part of each or as suggested by Paul, hold on as they should start moving when people realise their actual losses are a very small percentage of their profits?

A: Very hard for me to advise you to sell your banks stocks as:

a) I don’t know how overweight you are; and

b) I don’t know what the tax implications are.

I am not selling my bank stocks at the moment as I am with Paul and think in time, the market will see the value. However, they are on the nose at the moment – and I think it will take a while (read some pretty positive news) to change sentiment.

So, probably some pain to come – and if you aren’t up to this, you may wish to consider your exposure.

Regards,

Peter


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