Dear %%first_name%%,
It was another rough ride on the Dow Jones over night – it was down almost 470 points – but it did come off its lows in the last 30 minutes of trade, which is encouraging. However things will be a little bit testy on the local market after GDP numbers were slightly softer than expected. In case you haven’t heard, growth for the June quarter was 0.2% seasonally adjusted, which brings annual growth to a rate of 2.0%.
I’m sure you’ll be seeing plenty of negative headlines about these numbers today but can I remind you that these are numbers for April to June and since then we’ve had almost three months of post-Budget small business spending.
Can I also remind you of one of Warren Buffett’s famous quotes – that is “Be fearful when others are greedy and greedy when others are fearful”. Now is the time to be greedy and look for good quality stocks at good prices.
That’s what good fund managers will be doing today and what I’ve been doing for the past few weeks, which regular subscribers to the Switzer Super Report know all about.
This week in the report, Paul Rickard named one of his top dividend plays for 2015. This company has hit bargain basement prices, and at current levels is offering a fully franked dividend yield of over 7%.
This company is so committed to maintaining or increasing their dividend each period that, in Paul’s own words, “if for some reason [the company] is not able to meet its commitment and does in fact cut its dividend, then you can join me lining up outside the nearest class action lawyer!”
That 7% yield translates to a return of over 9.5% for a fund in pension mode!
Of course, our subscribers have complete access to all of the recommendations in our report, and you can too for as little as $35.
And with market volatility set to continue over the next few months, quality information has never been so important. As our regular contributor, Charlie Aitken says, “with volatility comes opportunity”. This is where we come in – finding opportunities for our subscribers with stock calls like Paul’s.
Charlie had some more wise words in his article last week:
This [recent market volatility] has been a major test of my friend Peter Switzer’s “buy the dip” approach to markets. I just wanted to end today by agreeing with Peter’s view. It’s been one big dip, but I believe buying this dip in high-quality global and local equities will prove the right medium-term strategy.
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Sincerely,
Peter Switzer