Thomas Su Diary - 30 Mar 09

moneycat

The US market has finally retreated first time in many days - in the way, that's a good news, taking some breath. The current crisis seems to be spreading into Eastern European markets which will have setbacks onto the overall European markets - as such, there could be further weakness in EUR, in my view, this means another reason for some investors to switch from currencies into gold.

This week is another week of busy planning for us - in terms of using CFDs to capture dividends, following a good success of several plays last week such as Photon Group.

This week we will be looking at the followng companies and see if we can repeat the success - of course, it also depends on the market volatility.

1) Seek is going ex-dividend paying 6c per share - but the current economic situation may not be favorable to Seek, so, we will need to assess the situation.

2) David Jones, which is going ex-dividend, paying 11c per share

3) Devine, a property group which is going 3c per share, which has been rumoured it maybe eventually a takeover target

4) Ammtec - an IT company which pays 6c this week.

Some of the companies have poor liquidity which remains as a major concern - therefore, companies like Seek, David Jones and Devine could be better choices - but they are facing challenges elsewhere.

I guess there is nothing as perfect investment in this world!

On international front, our holdings in Mastercard has continued to perform well, we are now also looking at Visa, and include this into our portfolio. Some of my friends have also suggested I should start including more US financial stocks, currently, we only have JP Morgan, but we are looking at both Bank of America and Wells Fargo. A recent report we did called "World's Safest Bank" is also a useful guide for us to see what banking stocks we should hold in the portfolio.

Source: http://moneycat.com.au/

zmzhu

足迹人气越来越高了，金钱猫也来了。