Dear %%first_name%%,
It’s been a long time coming but the Yanks have finally pulled the plug on quantitative easing or QE3. And I was pleasantly surprised by the lack of movement on Wall Street overnight as a result. I think we may be over the worst of this recent bout of volatility we’ve been having, though volatility is not dead and buried..
Of course, there’s still the spectre of US interest rate hikes at some point in the not-too-distant future, and how the markets will react to that, but I’m feeling pretty good about it all.
Back in Australia, Charlie Aitken might have had an Apocalypse Now experience recently in WA, and the general mood on the West Coast might be sombre, but that doesn’t mean there’s no value to be found. Charlie points to some of the big miners – BHP and Rio – as good value.
Also in the Switzer Super Report today we have a secret subscriber talk about his SMSF, he doesn’t want his friends to get jealous so he’s staying anonymous, and Tony Featherstone finds out that you can invest with a conscience and still make money in his article on ethical investing.
Tony Negline takes a good hard look at the new ATO penalty regime for SMSF trustees, in Buy, Sell, Hold – what the brokers say, AMP and Qantas get upgrades and in Questions of the Week we look at what to do with dud shares and how to invest for the grandkids.
Sincerely,
Peter Switzer
Still not sure about whether or not to take up the Medibank offer? Watch my video chat with Paul Rickard and be careful of the hype.