Dear %%first_name%%,
Press reports that the Government might be about to ask the banks to pay a levy for deposit insurance, should be no big deal. Although shares in the banks were down by 1.5%, the Australian Financial Review said that the levy would raise less than $1 billion over the forward estimates. All will be revealed tomorrow.
In other news, today is a bumper issue of the Switzer Super Report. We have Charlie Aitken explaining why Woodside isn’t actually a resources stock and could eventually be a better yield payer than Telstra! Yes – I’m as surprised as you!
Charlie was also one of the first to call the AUD/USD rort, putting an eight in front of his forecasts. It looks like these lower rates are here to stay, sorry not great for overseas holidays, but very good for some overseas investments.
In one of our most revealing My SMSF stories ever, Xpress Super CEO, Olivia Long, gives some very useful insights into starting out an SMSF with a low account balance and tells us how she more than quadrupled that in six years.
Also today, Roger Montgomery takes a look at Blackmores and doesn’t come away very excited, Penny Pryor discovers some movement on CBA and Westpac in Buy, Sell, Hold – what the brokers say and Gavin Madson examines the performance of bond ETFs.
For those of you focussed on technical issues, Tony Negline explains the ins and outs, and the importance of, naming rights for assets, if you don’t want to get caught with extra stamp duty and our question of the week is about the Centuria Spring Street Fund.
Sincerely,
Peter Switzer
We’ve recorded our latest webinar where our subscribers get to ask myself and Paul Rickard any questions they might have about SMSFs. You can see the video here. And if you like what you see you can come along to the next one - we hold them at 12.30pm on the last Friday of every month.