Letters: The dollar, super megaphone, technical nickel
Playing the dollar
Regarding Ian Verrender's piece on the likely decline in the Australian dollar exchange rate, a number of Australian stocks were mentioned. Are there other alternatives for taking advantage of a fall in the Australian dollar, for example buying US currency or buying US stocks (either directly or through a fund)?
GC
Where have you been?
I write regarding Alan Kohler’s November 1 article, in The Australian, on the failure of superannuation.
With respect, where have you been for several years? The government mandates, through legislation, that one must put 9% of hard earned income aside for retirement. One is fined if refusing to do so.
It is therefore the moral and ethical responsibility of government to put in place a market/systems/strategies that ensure that virtually every cent one has contributed to super is in fact available on retirement. Neither Hawke/Keating, nor Howard/Costello, nor particularly the current scurrilous mob, either recognised their responsibility or attended upon it.
It is high time Eureka Report used a megaphone on this aspect of super.
C Wargent
Technical time for nickel
According to my Technical Analysis charts, Tim Treadgold's precis (The nickel worm finally turns up, September 26) finally has four up-trending buy signals in the net. BUX, MAT, SIR & SFX.
The time is therefore opportune for a Fundamentals Analysis up date.
V Massonic