##{"id":59829,"date":"2012-04-20T11:45:02","date_gmt":"2012-04-20T01:45:02","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2012\/04\/20\/peter-switzer-three-stocks-i-like-for-a-dirty-harry-market\/"},"modified":"2012-04-20T11:45:02","modified_gmt":"2012-04-20T01:45:02","slug":"peter-switzer-three-stocks-i-like-for-a-dirty-harry-market","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2012\/04\/20\/peter-switzer-three-stocks-i-like-for-a-dirty-harry-market\/","title":{"rendered":"Peter Switzer: Three Stocks I Like For A \u2018Dirty Harry\u2019 Market"},"content":{"rendered":"

\n\tBy Peter Switzer, Switzer Super Report<\/a><\/p>\n

\n\tWith Wall Street up big time one day and then nervous the next, it is apparent that wealth builders are in a Dirty Harry predicament.<\/p>\n

\n\tEffectively, we are looking at numerous great opportunities based on current share prices, but we have to ask ourselves: ‘Do we feel lucky, punk? Well, do we?’
\n\t <\/p>\n

\n\tLucky stocks<\/strong><\/p>\n

\tThe penny dropped for me on Wednesday night on my SWITZER program on the Sky Business channel when I was interviewing Tom Goode from JB<\/span> Were in Melbourne. As he covered the BHP<\/span> Billiton<\/span> ((BHP<\/span>)) production story, my crew flashed up the chart of the company’s share price and it screamed out to me that this has to be a great dollar-cost average opportunity. And I reckon Rio Tinto ((RIO)) fits into the same category for the long-term investor – both companies are great value now.<\/p>\n

\n\tBut you might be saying, but what if European nightmares this year send their share prices down even further?<\/p>\n

\tWell, I’d say to you, buy more if you believe in the long-run China story, and that’s exactly what long-term investors have to think about: the long-term. To worry about Europe between May and October – the scariest months for investors – is to be a short-termer.<\/p>\n

\tSad news<\/strong><\/p>\n

\tIt is significant to me that the sad news that Warren Buffett has prostate cancer came on the day I had my BHP<\/span> epiphany as he always advises investors to be greedy when others are fearful.<\/p>\n

\tAs a long-term investor, I do feel lucky and I like the company, the management, their customers and their long-term story. The same applies to Rio and I would throw in Telstra ((TLS)) too – I especially love their dividend.<\/p>\n

\tOut there will be an eventual big spike in stocks and BHP<\/span> and Rio will make a lot of long-term investors who kept the faith very happy and today’s share prices pretty well ensure I am on the money.<\/p>\n

\n\tPeter Switzer is the founder and publisher of the Switzer Super Report, a newsletter and website that offers advice, information and education to help you <\/em>grow your DIY super<\/em><\/a>.<\/em><\/p>\n

\n\tImportant information: <\/strong>This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. For this reason, any individual should, before acting, consider the appropriateness of the information, having regard to the individual’s objectives, financial situation and needs and, if necessary, seek appropriate professional advice.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"