Dear %%first_name%%,
The doomsday merchants would have woken up to a surprise today when they found out OPEC agreed on a production cut for the first time in eight years! We might be disappointed at the petrol bowser, but any rise in our stocks and super should soften the blow!
But as our trading profits rise, you might be wondering if it’s time to take advantage of some of your sudden windfalls. In today’s Report, Charlie Aitken explains why it might be time to take some profits in cyclical equities and put some cash on the side-lines.
Also in the Switzer Super Report, Tony Featherstone focuses on the A-REIT sector, which has seen a sell-off recently. Is there any value there?
Mark Ellem explains why you need to review your cash flow to ensure you comply with the new super rules coming into effect from 1 July next year.
In Buy, Sell, Hold – what the brokers say, JB Hi-Fi and Westfield were upgraded, while Metcash was downgraded. And in Questions of the Week, we answer reader queries about super changes and the rules around working in retirement. And this week’s Professional’s Pick is ING Groep, which runs Australia’s sixth-largest banking franchise.
Sincerely,
Peter Switzer