Dear %%first_name%%,
In some good news today the local market was up, even though the Dow had a rough night. In another contradiction, European markets had a good night too. I still think the little hiccup we’ve had lately is the correction we had to have and this year is going to be much better for local stocks.
The Aussie dollar is still going to go down and Charlie Aitken is predicting 68 US cents. It might not be good for your overseas holidays but it is great for a bunch of stocks like CSL, Resmed and Charlie’s favourite, Servcorp.
Also in the Switzer Super Report, Sean Fenton from Tribeca runs the ruler over one of his favourites – Aristocrat Leisure, and Roger Montgomery is a big fan of Ansell.
In Buy, Sell, Hold – what the brokers say, the analysts have been a bit more optimistic with upgrades for iiNet and Westpac. In his article today, Tony Negline explains why it’s so important to pay your rent on time if you have your business property in your SMSF.
And Questions of the Week answers readers’ queries about a new listed fund from Magellan and consolidating super into an SMSF.
Sincerely,
Peter Switzer