Dear %%first_name%%,
In his article for the Report today, Charlie says the market is turning Tina i.e. There-is-no-alternative to equities. With no real return in cash or fixed interest and arguably flat rental and capital growth returns in property, all roads lead to equities. And that will most likely continue to be the case as central banks continue to reduce the risk-free rate of return. Cash certainly isn’t king right now: it’s the clear underperforming asset class. However, after the sharp recovery rally, it’s not easy to identify domestic or global stocks to commit further money to at today’s prices. Charlie’s focus is on great global companies that have underperformed in the recovery rally and look good value relative to their long-term growth prospects.
And while on the TINA theme, Tony Featherstone says savvy investors should ensure they have a “late-cycle” portfolio that’s more defensive and offers 4 strategies that might suit a conservative investor wanting to achieve higher yield while preserving portfolio capital.
In Buy, Sell, Hold — What the Brokers Say, upgrades have outnumbered downgrades so far this week, with stockbrokers issuing upgrades for four companies.
And finally, in Questions of the Week, Paul Rickard answers readers queries on why a boring bond fund gained 9% this year; are there any short positions in bank stocks?; Challenger; and “I’m sitting on a pile of cash – is it too late to invest in shares?”
Tickets for the Switzer Listed Investment Conference in August are now available. As a valued subscriber, we’d like to invite you to join us in Sydney, Melbourne or Brisbane as our guests. Click below to claim your complimentary tickets:
Sincerely,
Peter Switzer