Pete Wargent blogspot

Co-founder & CEO of AllenWargent property advisory, 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 pete@allenwargent.com

Wednesday, 30 May 2012

Stocks stage relief rally

Indicators of stronger China growth and a few positive glimmers related to the Greek elections have seen stocks stage a relief (as in: 'investors breathe a sigh of...') rally.

With the Dow Jones up more than 1% as I write this, the Aussie market could be up as much as 3% for the week after Wednesday's trade.

Which stocks to buy

Personally, I'm finding hard to see past BHP Billiton (ASX : BHP) when it's hovering around $32-$33. 

Note that I don't tip individual stocks and this does not represent financial advice. Always seek professional financial advice before making investment decisions.

If you are looking for a long-term portfolio to retire on, you could much worse than read this article by the excellent Motley Fool crew.

{Disclosure: I hold BHP Billiton)

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As I mentioned in my post here, the bookmakers exposed themselves remarkably in the Test Match cricket, and sure enough England have the series sewn up - closing out the rubber 2-0 yesterday with a minimum of fuss, and ensuring that the bookies copped a shellacking.

Good to see my mate Alastair Cook in the runs againand Andrew Strauss scoring back-to-back Test centuries which ensures that he will remain captain through to the 2013 Ashes in England next year (and the 2013/2014 Ashes in Australia).

Strauss has the opportunity to become unique among modern English cricketers by winning no fewer than FIVE Ashes series.

He will likely retire after the 2014 leg and Cookie is odds-on to take over then.