Dear %%first_name%%,
I like and respect Roger Montgomery very much, but not all analysts are always right, myself included. This week I revisit his views on BHP and compare them to those of a reader who disagrees vehemently, and has done the research to back it up. Hopefully Roger will give some feedback on all this in our Thursday newsletter too.
Barrie Dunstan writes about some of the tricky issues facing SMSFers in pension phase in the Switzer Super Report today. Not only are they dealing with a lower interest rate environment, but they will soon have to pay higher minimum pension amounts too.
In the weekly broker report, Rudi Filapek-Vandyck takes a look at mining and mining-related companies. While many have been impacted by a downwards revision in the gold price, a couple – Nexus Energy and Senex – were upgraded.
Paul Rickard dissects the new capital note from Macquarie and is not convinced. Auction clearance rates continue to power along and Margaret Lomas examines your options when it comes to managing an investment property. In our chart of the week, we look at sales of SUVs. They continue to rise, as one in three of us chose some kind of 4WD instead of a passenger vehicle.
Don’t forget our Twitter handles @switzersuper and @PaulRickard17.
Sincerely,
Peter Switzer
Our love affair with sports utility vehicles (SUVs) continues. Over the 12 months to the end of April, 315,496 SUVs were sold – a record high. That was despite a drop over the month in sales of 0.6%, as passenger vehicle sales fell by 1.3%.
More than a third of vehicle buyers, or 36%, now opt for an SUV instead of a traditional passenger car.
New car sales fell for the fourth straight month in April but in annual terms 1,130,978 vehicles were sold over the year, marking another fresh annual high.