In recent weeks I've advanced a number of investment strategies I believe are safe, medium-term, contrarian plays. I first argued that the top 20 stocks had been beaten up for too long and then I suggested that betting on a collection of financial stocks to make a comeback, post-Royal Commission, makes a lot of sense.
For the complete thrill-seeker you’d throw in AMP but you'd have to add this to your list of unsafe, contrarian plays. I do think David Murray will reinvent AMP but its potential for profit will change drastically as its business model is totally reworked.
I think the banks via tax cuts, a pick up in economic growth, eventual rising interest rates, selling of assets, such as wealth businesses (and our national past time of enjoying a drink, which means we have short-term memory loss) means bank share prices can edge up over time, while paying pretty good dividends on relative yield basis.