Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Must-read, must-follow, one of the finest property analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for in-depth analysis' - David Scutt, Business Insider.

"I've been investing 40 years yet I still learned new concepts; one of the finest young commentators" - Michael Yardney, Amazon #1 bestseller.

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'Superlative work' - Grant Williams, founder RealVision.

Saturday, 14 February 2015

7 year high

More good news for Australian household wealth as the ASX 200 (XJO) added 2.33 percent having threatened to add 2.6 percent earlier in the trade.

This came off the back of Governor Stevens' appearance at the House of Representatives Economics Committee where he confirmed that the Reserve Bank still feels that interest rate cuts are still worthwhile.

The All Ordinaries (XAO) added 2.239 percent.

Share markets are now at their highest levels in 7 years.

Sitting it out and waiting for a crash is a worthy objective - but perhaps not an effective one in a low interest rate era.