Dear %%first_name%%,
When the going gets good, weird things happen. People change their minds quickly and forget about the basic tenants of investing for SMSFs – i.e. dividends, dividends, dividends! Despite the new focus on cyclical stocks, which isn’t always a bad thing, I’ll never stop favouring companies that pay a good yield, whatever the climate.
Brokers seem to agree with me this week as well, with half of the upgrades in Buy, Sell, Hold – what the brokers say, happening to dividend stocks. Also in the Switzer Super Report today, we have James Dunn writing on three small cap stocks to hold for three years and Barrie Dunstan revisiting Rooty Hill – and why property may not always be perfect for your SMSF.
The market was all caught up in Twitter listing talk late last week, but today Paul Rickard gives us a rundown on an IPO closer to home – the Australian Industrial REIT.
Our auction clearance rate report shows that there’s no slowing down this juggernaut, particularly when it comes to Sydney, but you need to be careful and Margaret Lomas issues a warning on why off-the-plan purchases may not be suitable for SMSFs.
Sincerely,
Peter Switzer
I ran into Angelina Jolie last week! I didn't ask for a selfie, or even an autograph, but I did manage to introduce myself. Read about my encounter in the Saturday newsletter here.