Dear %%first_name%%,
I don’t have a crystal ball, but I have a pretty good idea that a week tomorrow we’ll have a slightly lower cash rate. However, that will be the last rate cut for a while, which means now could be a very good time to lock in a fixed rate for at least a portion of your home loan.
In the bigger scheme of things, although I love property, I’m not too upset that rates might be heading back up, after all, the RBA would only do that if it believed the economy was growing, and that’s a good thing.
Also in the Switzer Super Report today, James Dunn finds seven under-70 cents specials, which include some amazing stories like that of diagnostic imaging company Capitol Health and Potash West. Paul Rickard suggests it’s a good practice to compare your SMSF results with what the big guns are doing, and Penny Pryor shares what one of the big banks think when it comes to extending Limited Recourse Borrowing Arrangements (LRBAs).
In Buy, Sell, Hold – what the brokers say, Rudi Filapek-Vandyck discovers good news around the proposed internalisation of management at CFS Retail and Commonwealth Property by CBA, prompted upgrades to both property trusts, and the weekly auction clearance rate data, shows another hot weekend for Sydney.
Sincerely,
Peter Switzer
You should know by now that I am pretty upbeat on this rally, but I always listen to those with a different view. In this case that would be Switzer Super Expert Roger Montgomery. I spoke to him on Switzer TV last week.