Dear %%first_name%%,
In our last webinar on June 7, Paul (Rickard) asked me what my most preferred stock was right now. And I really didn’t have one. After a trade deal is struck (if it ever happens), I think our market will go higher. History says equities indexes usually pass their old all-time high and go higher before crashing. I’ve held the view that our S&P/ASX 200 index will beat 6828 and proceed to 7000 plus before I get sufficiently scared to go all defensive. So in answering Paul’s question above, here’s what I’ve come up with today.
Also today, Paul Rickard reports that ATO data shows that SMSFs are massively underweight offshore investments. Is this hometown bias extraordinary for good reason or is it because some trustees don’t know how to invest offshore? Or following a decade long bull market, do they feel that it’s too late? If you’re keen to step outside Australia, Paul Rickard looks at how to invest offshore and where’s best to place your money.
We’re finally feeling the relief of rain in some areas. Of course, rain is never uniform but with some starting to fall across parts of Australia, investors’ attention is starting to turn to agricultural stocks. James Dunn presents 5 of our top agricultural businesses for your perusal.
And in Buy, Sell, Hold, – What the Brokers Say, for the week ending Friday 14 June 2019, FNArena registered three upgrades for individual ASX-listed entities against six downgrades
And finally, in our Hot Stock today, CMC Markets’ Chief Market Strategist, Michael McCarthy explains why he likes Challenger (CGF) but doesn’t like Fortescue (FMG).
Tickets for the Switzer Listed Investment Conference in August are now available. As a valued subscriber, we’d like to invite you to join us in Sydney, Melbourne or Brisbane as our guests. Click below to claim your complimentary tickets:
Enjoy the read and your week!
Sincerely,
Peter Switzer