Business
Australians with stocks in banks may need to rethink their finances, says leading analyst – ABC News
Australians have more money invested in bank stocks than any other stocks, either directly or indirectly, but a leading bank analyst says the economy is on a dangerous slope and so are the banks.
Australians have more money invested in bank stocks than any other stocks, either directly or indirectly, but leading bank analysts suggest a rethink on whether that is the best place to have your money parked.
Key points:
- One of Australia’s leading analysts believes having stocks in banks may not be the best option for investors
- He said he believes the Australian economy will take 18 months to recover
- Bank stocks have rallied after their lows in March, but not as much…
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