Dear %%first_name%%,
You might receive today’s Report while you’re returning from our Sydney Income Conference. We had a great roll up, despite the weather kicking off a raining and windy day. Melbourne was equally great. Thank you all for attending. There were so many insights from both conferences and we’ll explore some of those in our next webinar coming up soon, as well as some questions answered in this Report. I’ll be sure to let you know when the next conferences kick off for 2109.
I know some of you are missing Charlie. He assures me he’ll return and has purely taken a sabbatical after a fast-paced year. Please stay tuned. I miss him too.
In the Report today, Tony Featherstone asks whether it’s time to buy any of the WAAAX stocks (WiseTech Global, Afterpay Touch Group, Altium, Appen and Xero), which are Australia’s version of the fabled US FAANG stocks. He has a preference for one WAAAX!
And we have not one but two Professional’s Pick for you today. Portfolio Manager, Peter Wilmshurst at Templeton Global Growth Fund Ltd (ASX:TGG) explains why Siemens is one of Templeton’s top 10 holdings. And Executive Director at Lincoln Indicators, Elio D’Amato, gives his view on Fisher & Paykel Healthcare Corp Ltd.
In Buy, Hold, Sell — What the Brokers Say, upgrades have outnumbered downgrades 15 to 8. And Graeme Colley says that horizontal equity, one of the principles of our tax system, is where those on the same/similar incomes/wealth contribute about the same. No franking credit refunds will have a huge impact on members of SMSFs but not necessarily all super funds. So Graeme asks: how equitable is that?
And in Questions of the Week, Paul Rickard answer readers’ queries about PERLS XI -v- Westpac Capital Notes 6, investing in index ETFs and the BHP buyback.
Sincerely,
Peter Switzer