SYD

Was my father lucky or was he a smart investor?  Perhaps both.

He advocated stocks that give out good reliable dividends over a long period of time, to reflect profitability.  That in turns shows up good management and business model.  He did not believe in bank deposits as the interest is below the dividend yields; you might as well buy bank shares... which he did.

However, I always add one more item.  And that is sanctioned monopoly or any model very close to a monopoly which is legal, where competition is difficult for others to develop.

During the recent market turmoil, it is SYD that has stood firm.  It will be another 8 years before Badgery Creek Airport is functional. 

And during the financial institution Royal Commission, it is ASX that has stood firm.  While there is a competitor, it just could not make it during the last 10 years.

As I grow older, and risk taking becomes a less tenable option, and banks will be hammer post-Hayne, where else to park our savings?  Neither ASX nor SYD are cheap shares to buy for obvious reason!