Dear %%first_name%%,
The general consensus from the Switzer Super Report experts today is that stocks are cheap and you should use this opportunity to buy up big. Ron Bewley is almost jumping out of his skin with glee at the prospect of a much higher ASX/S&P 200 by this time next year, and is forecasting big increases for the major banks.
Charlie Aitken also believes that the non-negative Budget, along with positive signs such as yesterday’s consumer confidence figures – the highest post-Budget level in eight years – mean it’s a good time to get in and buy banks, fund managers and even some consumer stocks.
Also in the report today, Short n Sweet takes a look back at Geoff Wilson’s January picks – they’re up by an average of 26% each, and Tony Negline weighs up the pros and cons for lump sums versus pensions on retirement.
Last but not least, for all those NAB shareholders wondering what to do about the rights issue, Paul Rickard has some answers in Questions of the Week.
Sincerely,
Peter Switzer