Dear %%first_name%%,
Positive sentiment has been snowballing in recent weeks, but tonight will be important in deciding whether that snowball keeps rolling or turns to powder. We’re waiting to hear what the US Federal Reserve decides on whether it is going to give the US – and the world’s markets – another stimulus hit. I tell you why this is so important in today’s note.
Also in the Switzer Super Report, Charlie Aitken names two stocks to buy and one to sell. Plus, we look at the dos and don’ts of putting property in your self-managed super fund as well as a special exemption for personal injury payments when it comes to the contributions cap. Plus, our auditor, Jo Heighway, answers your SMSF questions. Enjoy!
Sincerely,
Peter Switzer
In a landmark ruling, Germany’s Constitutional Court last night overturned a raft of legal challenges aimed at preventing President Joachim Gauck from signing the European Stability Mechanism (ESM) and fiscal pact that will act as a debt brake for Europe. This was a major win for the stability of the eurozone.
With the 500 billion euros ($A619.92 billion) ESM in place and a beefed-up European Central Bank ready to intervene massively on the markets, the EU’s crisis fighting machinery is taking shape, and elicited a positive response on the markets where borrowing costs for weaker eurozone states continued to fall.