Dear %%first_name%%,
With less than three weeks to Christmas, the market is treading water and I’m still not certain whether we’ll have a Christmas rally or not. But I am certain that a lot of data out of the US is pretty positive and I also have a gut feeling that this December will be good for retail. The Australian Retailers Association has even been upbeat and they’re known for being eternal pessimists, so that’s a good sign too.
One sure thing though, and I agree with Charlie Aitken on this one, will be the wealth management sector over the next decade, as Australia’s superannuation funds continue to grow. Charlie thinks that eventually we’re all going to have to look offshore to diversify our funds, as there just won’t be enough opportunities at home. That means companies like AMP, Platinum and K2 Asset Management should be long-term holds.
Also in the Switzer Super Report today, we have Ben Griffiths from small cap manager Eley Griffiths explaining why Ingenia Communities Group is well worth a look-in, Roger Montgomery querying the future of Telstra and in Buy, Sell, Hold – what the brokers say, Graincorp gets an upgrade, as does Seek.
Tony Negline has an interesting theory about why you should ignore capital gains, and Penny Pryor looks back at some of our calls over the past month in Short ‘n’ Sweet. Our Questions of the Week take a look at the Switzer Super Portfolios, JB Hi-Fi and NEXTDC.
Sincerely,
Peter Switzer