Medibank and which bank?

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Question: I have an income portfolio. Should I be looking at banks again, if so which ones?

Answer (By Paul Rickard): I think the banks look reasonable value at these levels – although there may be another kick down from Wall Street first – so I would be looking at opportunities to nibble.

I don’t really support the current hypothesis that the "yield trade is over", firstly because the US isn’t going to raise interest rates quickly, and secondly, because there are not a lot of ready investment alternatives.

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