Banks

If you are an investor in Australian stocks, you would be an absolute fool if you don't put your money into any of the Big Fours.  This a a government-sanctioned finance pillar.  Just remember, if banks do poorly, the economy is doing poorly.  And if banks don't profit, your deposit could disappear.

Hence as I approach retirement, I shall start to shift more of my investments into the banks....  The dividend is better than the interest on deposits.  And there is dividend imputation, too.