Dear %%first_name%%,
Recently I was in a meeting with two financial advice clients, who were super conservative. I must admit I understand why this retired couple with $3 million in super would want to protect that money. However, being too much of a scaredy cat actually creates more scary outcomes than many would expect. With interest rates so low and predicted to stay that way for some time, investors need to consider a gear change or two. I discuss this in my article today.
Similarly, if you’re an income investor and unhappy about the interest rate on term deposits, then you’ll need to go up the risk curve. As Paul Rickard also says in his article, lower rates are here to stay, so the only way to increase your return is to take on more risk. Paul explains 5 riskier alternatives to term deposits.
And if you bought Telstra (TLS) when we recommended it as a “contrarian play” a year ago, you did well – the stock has moved from $2.76 to $3.89, for a nice capital gain of 41%. In his article today, James Dunn asks: where to for TLS from here?
For those who love good news, stockbroking analysts continue to upgrade recommendations for individual ASX-listed stocks. But on the flipside, they also continue to issue more downgrades than upgrades. In Buy, Sell, Hold What the Brokers Say, for the week ending Friday 12 July 2019, FNArena counted nine upgrades against 17 downgrades.
And finally, in our Hot Stocks, CMC Markets’ Chief Market Strategist, Michael McCarthy explains why he likes Speedcast (SDA) but doesn’t like CSL.
New episodes of Switzer are published on YouTube every Monday night, so be sure to tune in and subscribe.
And a limited number of complimentary tickets to the Switzer Listed Investment Conference are still available for our valued subscribers, so click on the event you would like to attend below to get your tickets:
Enjoy the read and your week!
Sincerely,
Peter Switzer