Often, the most beneficial times to invest are those when it is difficult to do so. With news of bank closures still cluttering the airwaves, it is difficult to see past the immediate aftermath of the financial crisis.

It is now, however, that investors potentially have the most to gain. Through a balanced approach like KRE, or a managed approach like FBRSX, investors can expose themselves to the upside of a recovering banking industry while mitigating risk.

-- Wriitten by Don Dion in Williamstown, Mass.
At the time of publication, Dion did not have positions in any of the equities mentioned.

Don Dion is president and founder of Dion Money Management, a fee-based investment advisory firm to affluent individuals, families and nonprofit organizations, where he is responsible for setting investment policy, creating custom portfolios and overseeing the performance of client accounts. Founded in 1996 and based in Williamstown, Mass., Dion Money Management manages assets for clients in 49 states and 11 countries. Dion is a licensed attorney in Massachusetts and Maine and has more than 25 years' experience working in the financial markets, having founded and run two publicly traded companies before establishing Dion Money Management.

Dion also is publisher of the Fidelity Independent Adviser family of newsletters, which provides to a broad range of investors his commentary on the financial markets, with a specific emphasis on mutual funds and exchange-traded funds. With more than 100,000 subscribers in the U.S. and 29 other countries, Fidelity Independent Adviser publishes six monthly newsletters and three weekly newsletters. Its flagship publication, Fidelity Independent Adviser, has been published monthly for 11 years and reaches 40,000 subscribers.

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