advice for a novice, page-11

Thank you for everyone’s help. My portfolio now consists of AFI, ARG, DUI & STW.
What LICs do everyone else own?

I feel much more at ease with this share portfolio than my previous one. Don’t feel the same compulsion to check the share prices everyday!

Most LICs (including Argo) are heavily invested in the banks. With that in mind here is an interesting thought…. Banks now lend a very high percentage (most cases 95%) to customers if unemployment hits 8-9% how do you think this might affect the Australian banking sector? How much pressure will that put on that sector?