2009 is the Year of the Ox in Chinese astrological signs. The ox symbolises prosperity through fortitude and hard work. And the new year is the perfect opportunity to think about new financial goals for your year ahead.
The Year of the Rat ended with the sharemarket losing 45%.
Looking forward to the Year of the Ox, it looks like another turbulent year but it will be personalities like the ox — strong and persevering — who will end up being the long-term winners.
This year is also an earth year. You can think of the earth element being similar to a garden: hard work, persistence and patience yields dividends in harvest.
So this year is a great year to take care of yourself, your family and your environment.
So what are some stocks that may help contribute to the health of your stock portfolio?
One company which focuses on health is CSL.
CSL is traded on the Australian Securities Exchange under the code 'CSL'. It is a healthcare company which specialises in research and develops, manufactures and markets products to treat and prevent serious human medical conditions.
With double digit earnings growth expected in the next three years, it’s a company to keep an eye on.
The weaker Australian dollar is also good news for this company. A weaker Australian dollar against the US dollar will mean more profits for CSL.
I hope that for you, the Year of the Ox is an enlightening year. One where profits come with the ability to recognise a stock's potential and limits. One where perseverance is rewarded with gains. And one that will be immensely prosperous.
Happy investing, happy trading and Gung Hay Fat Choy!!
Julia Lee Equities Analyst Bell Direct
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