The Experts
Your questions answered
Paul Rickard
Monday, November 12, 2018
Question: With the likely election of a Labor federal government next year, I believe we are heading for a disaster for self-managed superannuation funds. Labor will destroy franking credits, and individuals signing petitions will only open the floodgates for tax audits. Looking at the Switzer business, a Labor win will not be a good result. The party will also change negative-gearing policies, which will hurt many property investors. In relation to the above, what does the Switzer Report recommend for investments? I back a total pull-out of all banking shares and Telstra and investing overseas, especially as the Australian dollar will be US60c by Christmas 2019.
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Published: Monday, November 12, 2018
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