Real-time thoughts & analysis of the markets, economy & more...
Co-founder & CEO of AllenWargent property buyers & WargentAdvisory (subscription market analysis for institutional clients).
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Pete Wargent blogspot
Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).
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.
Tuesday, 10 June 2014
Sun Herald shares race - Week 3 of 4
The sad news is that, with it having been the long Queen's Birthday weekend, there are only two more days of trading until the end of the Sun Herald shares race (sad face).
While I was in 5th place at the end of Week 3, the more heartening news is that, since last week, despite an ongoing soft performance of the market at large, my cunning plan of picking a few cyclicals including no fewer than four listed property trusts has begun to bear fruit (click image):
My portfolio has thus rebounded back since last week to well over $100,000 thus giving me an outside chance of causing an upset victory in the last week, though in reality I'd likely need a fairly sizeable move from one of my wildcard picks today or tomorrow.
The best news of all - and by far the most important from my perspective - is that the Herald mugshot this week did not besmirch me with a crimson hue, and for that, I am most grateful.
A whole raft of data out at 11.30am this morning, including the Roy Morgan consumer confidence survey and NAB business survey for May, inflation figures from China, and the April Housing Finance data from the ABS.