As a retiree with a SMSF and in pension mode, I am definitely over weight in the banks. I am familiar with your income portfolio, but no other businesses come CLOSE to the banks, (except Telstra) in terms of consistent dividends, high yield, fully franked and well managed. There is a 2 -3+ % difference in gross yield! Some say to diversify to spread the risk, (with the consequence of a lower return), so as to average out the bumps. The banks are the cornerstone of the economy, they invest/loan funds to businesses. If an industry or major company falls upon bad times, their share price falls, AND, as the banks are investors to these companies their share price in turn falls; the opposite occurs in good times. If I view the banks as a VERY LARGE DIVERSIFIED fund manager, paying great returns, why should I diversify to another company with less returns?

Do you consider any of the big banks to be a good investment for long term?
Was looking at buying some ANZ

Tamawood (TWD) and Villaworld (VLW).
Our SMSF share portfolio is heavily weighted towards financials. In an effort to diversify and maintain a healthy fully franked yield we purchased some TWD and VLW approx 6 months ago.
Given the current low returns on Term Deposits and not wanting to add more financials to our share portfolio at this stage we are considering more TWD and/or VLW.
Our research indicates that both of these companies are sound businesses offering good yield. Your thoughts would be appreciated.

I am considering buying 2 of the following due to brexit. Which of the 2 do you consider has the most upside, considering the pricing today. Stocks are,

cyb clydesdale
bt investments
hendersons hgg
qbe
cba
anz

thanks.