Dear %%first_name%%,
In the Report today, Percy Allan of Market Timing Australia says both bulls and bears generally agree we’re in the late stage of a global bull market, but the bears think the market is topping because it’s overstretched and world growth is slowing. The bulls think it has further to run because with interest rates close to or below zero only dividend paying shares offer meaningful returns. In his article today, Percy asks: what’s likely to happen next and which asset classes could win in the next round as aggressive investors hunt yield and defensive investors seek shelter?
Meanwhile, Tony Featherstone believes there are years of growth ahead for travel companies exposed to online bookings. The key, he says, is knowing when to buy the best operators because they’re usually fully priced. And he says you need to be prepared to look overseas because the ASX has only a handful of investment-grade travel stocks. In his article today, Tony offers two travel titans for you to consider.
And in Buy, Hold, Sell – What the Brokers Say, stockbrokers have issued 3 upgrades and 3 downgrades for ASX-listed stocks so far this week according to FNArena.
In Questions of the Week, Paul Rickard and I answers readers’ queries about which NTA to use when looking at a listed investment company (LIC), comparing managed funds, the bond market’s bounce and whether CSL is expensive.
Be sure to tune in to our YouTube channel every Monday and Tuesday night for our investing and property shows. Click here to catch up on this week’s episodes.
And thank you to everyone who has already picked up a copy of my new book, Join the Rich Club. If you haven’t, pick yourself up a copy on the Switzer Store today.
Talk to you Saturday!
Sincerely,
Peter Switzer