Switzer portfolios off to a solid start
The year has started with a rush with the stock market adding over 6% in January. Our model portfolios have also enjoyed solid gains.
Paul Rickard has more than 30 years’ experience in financial services and banking, including 20 years with the Commonwealth Bank Group in senior leadership roles. Paul was the founding Managing Director and CEO of CommSec, and was named Australian ‘Stockbroker of the Year’ in 2005. In 2011, Paul teamed up with Peter Switzer and Maureen Jordan to launch the Switzer Report, a newsletter and website for share market investors. A regular commentator in the media, investment advisor and company director, he is also a Non-Executive Director of Tyro Payments Ltd and PEXA Group Limited.
The year has started with a rush with the stock market adding over 6% in January. Our model portfolios have also enjoyed solid gains.
What is the cost base for the PEXA shares that Link has distributed? What is “tax deferred” income? Can ZIP get back to $3.00? Is an investment strategy using DRPs a good way to invest?
For “risk taking” income seekers, investing in a royalty company may have appeal, when the yield is over 6%.
My best guess is that shorter term deposit rates have a little higher to go, longer term deposit rates (past 2 years) may have already peaked. Here are the best term deposit rates ranging from 3 months to 5 years.
Should I stay long ‘materials’ such as BHP, or take my profit? If there is a big short position, should I be concerned? Has ANZ’s stock code changed? Are the stockbroking analysts bullish on CSL?
We’ve made some minor changes to our portfolios to take into account the dominant investment themes we expect to apply, and we’ve also rebalanced our portfolios.
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