Feb 02

ASX200 to go through 5000!!!

Perhaps haven’t been reading enough but I’ve just read my first article of the year with a fund manager suggesting huge returns for the Australian sharemarket…click here. Apparently the Platypus CIO believes the ASX200 ‘looks set to finish 2012 over the 5000 mark”.

At last check the ASX today was 4267 so ifit grows to 5000 by the end of the year that’s a capital gain for the remaining months of a little over 17%. Throw in a conservative dividend yield of 4% and that’s a 21% return!!! I love to hear the big calls

Sure, if the European and US economies look to be sorted and China’s issues are fine then 5000 is very do-able…I hope he’s right…but it is a big if and there’s a long way to go before we should be remotely confident of a 21% return this year so be very careful of what fund managers say…perhaps there may be conflicting reasons? 😉

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