Dear %%first_name%%,
Charlie has been in markets for 25 years and says he can never remember anything like what has just occurred, due to the sheer speed of change. While he rightly says that a summary of what has happened isn’t a guide to what happens next, it’s important to examine the damage that’s occurred in order to know where it’s structural and where it’s cyclical. His article is a good reflective read today, with good lessons.
Is it time to go all in, buy shares aggressively and use your cash? Tony Featherstone says the time isn’t quite right yet, although he believes the case to increase equities exposure is strengthening. Tony says volatility is still rampant but today he gives reasons why he thinks BHP, Fortescue Metals and Woodside Petroleum are worth considering for long-term investors.
And in Buy, Sell, Hold — What the Brokers Say, the stockbrokers monitored by FNArena continue to issue significantly more upgrades than downgrades for ASX-listed companies, with Ansell receiving three upgrades amid the COVID-19 pandemic.
With so much attention given to accessing your super as part of the Government’s financial assistance package, Joshua Williams from Super Guardian explains how you need to apply to the ATO if COVID-19 has put you under financial hardship. Joshua stresses that there are rules that you MUST follow.
Finally in Questions of the Week, Paul Rickard answers readers queries about whether there are any tax implications when investing in the US market; the best stocks to buy when the market bounces back; whether you should by gold shares or stay in cash; and the likelihood of the super caps increasing.
Don’t forget to register for tomorrow’s webinar to hear how Paul Rickard and I are responding to the coronavirus pandemic.
With all the spare time in isolation, we have to keep our minds locked on the idea of a positive future. So what better way to channel this energy than to learn how to become rich! In my book, Join the Rich Club, I share a simple guide to debunking all the steps to becoming a smart investor.
Talk to you Saturday. Stay safe…
Sincerely,
Peter Switzer