Dear %%first_name%%,
Finally some sense has been found in Washington, with Obama and the Republicans reaching a deal at the very last minute. Thank goodness Pimco’s Bill Gross was right when he said a default was a one in a billion chance, but boy, they let things get pretty close to the wire.
Under the deal reached overnight, the US government shut-down will end and the debt ceiling will be raised, until February of next year. But don’t exhale just yet. Although both parties have agreed on a course of action, they still need to finalise and approve a bill by Thursday afternoon US time. I’ll let you know how all that goes in my Saturday morning missive.
But back to some good local news. In the Switzer Super Report today, we have Charlie Aitken talking about QBE and why this unloved stock is a buy. In Ron Bewley’s telco sector report, he explains why Telstra and Singapore Telecom are the pick of the bunch and in Buy, Sell, Hold – what the brokers say, Seek and Oroton get upgrades.
Paul Rickard roadtests Centuria’s new unlisted property fund ‘8 Central Avenue’ (the “Channel 7” building at the Australian Technology Park in Sydney), and My SMSF for today’s report is ex cricketer Sandy Morgan, who manages his own fund because he has always loved investing.
Tony Negline talks about spouse contribution splitting and our Question of the Week examines a subscriber’s portfolio and explains why sometimes there are different opinions in this report.
Sincerely,
Peter Switzer