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)?
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.
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.