Pete Wargent blogspot
Co-founder & CEO of AllenWargent property advisory & buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place) - clients include hedge funds, resi funds, & private investors.
4 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.
"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.
"Pete Wargent is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.
"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.
"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.
"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.
Invest in Sydney/Brisbane property markets, or for media/public speaking requests, email firstname.lastname@example.org
Monday, 23 January 2012
Aussie stocks are comparatively cheap (so are Europe's mind)
Just from tracking the movements of the indices it has been very obvious that the Aussie market has underperformed the US badly of late.
A report today said that European stocks are the cheapest they have been as compared to the US since 2004.
We know Europe has its problems. Down under, our problems are more related to the strong Aussie dollar which is making investing in stocks here far less attractive for overseas investors.
Q. Just how cheap are Aussie stocks compared to the US?
The Price to Earnings ratio of Dow Jones stocks in the US today averages at 13.73.
How does this compare to our top companies? Here’s a snapshot as of close of business 23/1/2012:
BHP Billiton – 9.87
Rio Tinto – 8.13
CommBank – 11.20
NAB – 9.53
ANZ – 9.82
Westpac – 10.10
The answer is that Aussie stocks are much cheaper - and Australia is somewhat better positioned than most to avoid recession if Europe does implode.
Would still be nice to see that interest rate cut on Feb 7 though…
Went to Port Arthur historical site today where one of Tasmania’s huge convict prisons is located.
Absolutely stunning place and well worth a visit. Entry price includes a whole day of stuff to see and a harbour cruise. They’ve done a really fantastic restoration job.
Still no closer to tracking down my convict ancestry though. William Wargent was deported from Herefordshire, UK to Van Diemen's Land (Tasmania) in 1840 on the ship the Asia…but not to this prison it trasnspired.
In Hobart tonight, so will continue my search tomorrow (while taking in a bit of the 4th Test v India, of course).