Dear %%first_name%%,
Right now Bloomberg has hyped up headlines about recession and “pools of gloom” for stocks but the recent run of economic data has made me less confident about my current optimism. But I will continue to look for reasons to believe in a rebound because while Donald says some silly things, he’s no dope.
Last week we asked whether you’d like to kick off some investments for your kids or grand kids but not sure how to go about it. In his second article of a two-part series, Paul Rickard looks at two indirect investment options — insurance bonds and education savings plans.
In Buy, Hold, Sell – What the Brokers Say, we see that as the market continues to correct, the bias remains to the upside in terms of analyst recommendations. And in terms of forecast earnings changes, WiseTech Global tops the upside with 8%, while HT&E’s suffered a -12% downgrade.
And with the possible increase in self-managed fund members from 4 to 6 from 1 July 2019, Graeme Colley questions whether it’s worthwhile having children as members of the parent’s or ‘family’ SMSF. Should the kids join the fund, have their own or go elsewhere to an industry or retail fund?
The SMSF Association has estimated that Labor’s proposed changes would likely result in a 10% reduction in retirement income for most SMSF members in retirement phase. If you’re concerned about this policy’s potential impact on your SMSF and want to prepare for it, Jordan George looks at what you could do now.
In Hot Stocks today, CMC Markets’ Chief Market Strategist, Michael McCarthy explains why he likes Seek (SEK), while ST Wong, CIO & Portfolio Manager, Equities, Prime Value Asset Management Ltd gives reasons for his preference for Alliance Aviation (AQZ).
Sincerely,
Peter Switzer