Dear %%first_name%%,
The weekend saw the sequester passed, which means an automatic round of spending cuts in the US. The local bourse was down today but that had a lot to do with local factors rather than US troubles.
I believe Congress could reduce the impact of the sequester cuts but even if they don’t, if the Fed just keeps their easy money policy for a bit longer, the economy won’t fall off a cliff. I am not ruling out a significant pullback of say 5%, but that would be a buying opportunity for a long-term player.
Also in the Switzer Super Report today Paul Rickard spotlights the stars in our growth and income portfolios – the big four banks and Toll Holdings – and Penny Pryor looks at the improvement in auction clearance rates. CBA and NAB get upgrades in Rudi Filapek-Vandyck’s broker report and Jo Heighway explains why you need to get to know your auditor better. Don’t miss Tony Negline’s tips on what to do with kids and SMSFs and chart guru Lance Lai’s analysis of TEN Network Holdings.
I would also like to invite all Switzer Super Report subscribers to our SMSF seminar series in March. The first seminar starts this Friday in Sydney. Numbers are limited so click here to reserve your seat.
Sincerely,
Peter Switzer