Dear %%first_name%%,
May is finally here and what everyone wants to know is if the ‘sell in May’ rule will play out once again this year. There’s been a lot of talk about this year being different, so today, I take a look at the indicators and tell you how I’m playing this market.
Also in the Switzer Super Report, Charlie Aitken says this week’s interest rate cut has opened up an avenue for change in stocks and he explains where you should put your cash. We have a great feature on Archibald Prize winning artist Tim Storrier and whether the renowned prize boosts the value of artwork. Plus, we look at whether it’s time to jump back into Chinese stocks, and we warn you about the three most common SMSF trustee breaches and their consequences. Enjoy the report.
Sincerely,
Peter Switzer
The Federal Budget is only days away and while there's a lot of speculation about what could change, one thing the Government has cited is the re-introduction of a super surcharge, which was abolished back in 2005.
The surcharge will affect those who earn more than $300,000 a year, increasing the tax rate from 15% to 30% on Super Guarantee contributions made by employers as well as salary sacrifice contributions. We'll have more details for you after the Budget is released on Tuesday night.