On the first Monday after the ‘miracle’ Morrison election victory, the Switzer Financial Group launched the Internet-version of my old Sky News Business program — SWITZER.
With the closure of the Your Money channel, it was the most logical thing to do. We co-broadcast on You Tube and www.switzer.com.au and to celebrate I lured fund manager Charlie Aitken of Aitken Investment Management to explain the post-poll surge of S&P/ASX 200. You can watch the episode here.
He made the point that a bank like Westpac made its annual yield, plus those surviving ‘blessed’ franking credits for all, in one day! And the other big banks weren’t far behind. However, he then returned to his previous mantra that his investment strategy going forward would be, and I quote: “Australia for income and overseas for growth.”