Dear %%first_name%%,
Our high-income stock portfolio blew the ASX index right out of the water in 2012, beating it by almost 4% – and that’s not even factoring the income from fully-franked shares! Read Paul Rickard’s analysis today to see how it performed and get a heads up on what we plan in the New Year.
Also in the Switzer Super Report, I return to the topic that’s dominating the market – the fiscal cliff – to update you on how far we are from the edge. Plus, fund manager Geoff Wilson gives us his outlook for 2013 and 10 of the small-cap stocks he’s investing in right now. And we have our final Broker Wrap for 2012 as well as some more senior concessions you should know about. Have a great week!
Sincerely,
Peter Switzer
ANZ economists today predicted that the Reserve Bank will cut the benchmark interest rate to two per cent by the end of 2013 and they suggest it may be a good idea for the government to step back from its budget surplus plans.
In a monthly report on Monday, ANZ made the interest rate prediction based on weakness in the Australian economy and only a modest pick-up in production in the rest of the world.
“Due to the further sharp weakening in mining business conditions in recent months, the tepid improvement in the non-mining sector, the deterioration in job advertising trends and the strong Australian dollar, we now expect a further one percentage point cut in the cash rate over the course of 2013,” they said in the report.