Help me to Retire

The Aussie dollar today went past .95c US to make a 24 year high. Unfortunately it got that high due to high inflation figures that were released today signaling a likely increase in interest rates in May. Looking at the Aussie $ vs US $ chart once it continues its way through .95 cents the next stop is parity. The Aussie dollar was also stronger against the yen.

Paul Nojin from Invest4Profit.com.au sent out a message today to subscribers concerning Qantas shares. Here’s what he says:
He suspects that Qantas (ASX stock code QAN) is a great buy near $3.28. Based on $3.28 and annual profit of $1b the P/E ratio is below 6. Plus, near $3.28, the dividend is 9.7%! In other words, near $3.28 QAN looks cheap. I do not guarantee it, but in all likelihood, $3.28 will hold. In that light, near $3.28 QAN is superb buying, assuming you wish to own QAN stock.
Qantas definetly sounds like one to keep an eye on.

In other news today I read about China only having 12 days worth of Coal left. Considering that 70% of China’s power comes from its polluting coal power plants, it sounds like they will be buying up a storm in the near future to get their supplies back up.
Fat Prophets have also been sending out emails for the last couple of weeks talking up coal stocks and one of their picks that has gone up 67% recently. Seems like a boom sector at the moment and one to look into.

Good luck with your investing.