Dear %%first_name%%,
Recent ATO data reveals the average SMSF is holding cash levels around 30%, despite the asset class delivering negative returns in real terms. Charlie (Aitken) believes this is a style of post-traumatic stress syndrome response to the horrors of the GFC. In his article today, Charlie asks: how will cash perform over the next decade? Will SMSFs slowly acknowledge that cash remains the underperforming asset class and start putting a little to work? But where?
Tony Featherstone says recent trends indicate that the housing-construction downturn might not be as bad as first feared, which is good news for renovations activity and kitchen and bathroom companies. In his article today, he looks at 3 stocks with strong leverage to home-renovations trends.
And in Buy, Sell, Hold — What the Brokers Say, stockbrokers have issued an equal number of downgrades and upgrades for ASX-listed stocks, with 13 of each so far this week.
Finally in Questions of the Week, Paul (Rickard) answers readers queries about NAB’s new hybrid securities issue; whether CSL will do a share split; and investing in corporate loans through the MCP Master Income Trust
If you are in Sydney, Melbourne or Brisbane, we would like to invite you to join us at our upcoming events with some complimentary tickets:
Switzer Small & Micro Cap Investor Day:
Switzer Investor Strategy Day:
We’ll also be heading to Adelaide and Perth in the near future so please stay tuned for more information.
Talk to you Saturday.
Sincerely,
Peter Switzer