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There are plenty of good businesses on the ASX outside of those sectors, they are unlikely to be household names however so you need to DYOR and find them. If you are bearish on financials and resources then you either go direct stocks, equal weight ETF (which is an away tilt ) or active management avoiding those sectors. Ongoing research finds all kinds of viable business that I had never heard of doing things that people and business needs.
I will grant you that the diversity exhibited in the S&P just isn't here. However, there are always some opportunities in any market.
The stock market is no less diverse than the property market, perhaps more so.
Unless you are an index investor it's probably not helpful to think of it as a whole.
exactly (tho the lending curbs themselves aren't the issue so much as the state of the Sydney property market). But if you slice out resources, financials and retail... urghhh
There are plenty of good businesses on the ASX outside of those sectors, they are unlikely to be household names however so you need to DYOR and find them. If you are bearish on financials and resources then you either go direct stocks, equal weight ETF (which is an away tilt ) or active management avoiding those sectors. Ongoing research finds all kinds of viable business that I had never heard of doing things that people and business needs.
I will grant you that the diversity exhibited in the S&P just isn't here. However, there are always some opportunities in any market.
The stock market is no less diverse than the property market, perhaps more so.
Unless you are an index investor it's probably not helpful to think of it as a whole.