Stock Pick

  • Tencent Buying iQiyi Smells a Lot Like That Uber Deal

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  • Why you should top up your super before June 30

    depositing coin into piggy bank for super, invest in super, grow super

    It’s mid-June and in Australia, that means cold mornings, strawberry moons and tax time preparations. Tax time can be a frantic time of year for a lot of Australians. And come 30 June 2020, the financial year (FY20) will be over and a new one about to start (FY21). We all need to be ready for that to happen – those deductions, subscriptions and donations to charity aren’t going to organise themselves.

    I’m sure many of us will be making our way to a Bunnings or Officeworks over the next fortnight – as shareholders of Wesfarmers Ltd (ASX: WES) are no doubt eagerly awaiting. 

    But there’s another bit of financial housekeeping that we could all look at to help us during tax time, and that’s the option to top up your super.

    I know, I know. No one likes super. I mean, most of us like that it’s there, but like children in days of yore, it’s often enjoyed ‘out of sight, out of mind’.

    But that doesn’t stop the fact that our super needs a little maintenance from time-to-time. And we happen to be at that special time of year!

    A super job before 30 June 

    Not only is a superannuation fund a savings and investment fund for our retirement, but it’s also something of a legal tax haven. See, most super contributions are taxed at a flat 15% rate, as opposed to most other income which can be taxed all the way up to 47 cents to the dollar. And so if you want to top up your super in the form of adding in extra cash above your employer’s minimum 9.5% (up to $25,000 a year in most cases), it will remain taxed at 15 cents in the dollar. This has the potential to save you a substantial amount in income tax if you do it properly.

    In order to claim this tax perk this financial year, you will have to top up your super before 30 June. Otherwise, it will count toward’s FY21’s cap rather than FY20’s.

    So, if you want to turbocharge your super fund’s compounding returns (and the chances of living your best retirement), think about making some concessional contributions before this date. Of course, it’s always a good idea to speak with your own tax agent or financial advisor to be sure this is the right option for you.

    Too many people aren’t taking full advantage of what topping up their super can do for them and I think it’s important to spread the word on how the FY20 tax time can help!

    For some shares you might want to buy with your tax return, make sure you check out the report below!

    5 ASX stocks under $5

    One trick to potentially generating life-changing wealth from the stock market is to buy early-stage growth companies when their share prices still look dirt cheap.

    Motley Fool’s resident tech stock expert Dr. Anirban Mahanti has identified 5 stocks he thinks are screaming buys. And you can buy them now for less than $5 a share!

    Learn More

    *Extreme Opportunities returns as of June 5th 2020

    More reading

    Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Wesfarmers Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

    The post Why you should top up your super before June 30 appeared first on Motley Fool Australia.

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  • This 5-Star Analyst Is Bullish on AMD’s Strong Roadmap

    This 5-Star Analyst Is Bullish on AMD’s Strong RoadmapThe last five years have been one unstoppable ride to the summit for chipmaker Advanced Micro Devices (AMD). Simultaneously closing the gap between its traditionally bigger rivals, Intel and Nvidia, and itself, the CPU/GPU maker is now most definitely a force to be reckoned with.Following an investor call with the company, Nomura analyst David Wong sees no reason to change tack when considering AMD as an investment.The 5-star analyst has a Buy rating on AMD shares to go along with a $64 price target. The implication for investors? Potential upside of 18% from current levels. (To watch Wong’s track record, click here)Behind AMD’s growth has been an exemplary roadmap. Still to come in 2020 is the launch of the highly anticipated Milan data center CPU, the third generation EPYC processor. Add to that the release of a new data center GPU “optimized on CDMA data center optimized architecture,” a new consumer GPU (Big Navi on RDNA 2), and Zen 3 desktop CPUs.AMD has stated its “product cadence” has been “condensed” so that new generations could hit the market every five or six quarters. Desktops and servers are usually first in line, followed by notebooks.“Given that AMD intends to launch a new generation of desktop and server CPUs near the end of 2020 and recently launched a new generation of notebook processors, this cadence implies that there may be a new generation of notebook processors in 2021 and a new generation of desktop and server processors in late 2021, or more likely the first part of 2022,” Wong said.The company’s aim of achieving between 20% to 30% year-over-year revenue growth in 2020 appears to be on track, too. In addition, despite the fact that this quarter’s ramp up of new semi-custom products for next-generation game consoles has had a “temporary impact” on gross margins, the chipmaker’s long-term goal of bringing in gross margins of over 50% hasn’t changed, either.Now let’s take a look at what the rest of the Street currently makes of AMD; Based on 12 Buys and 8 Holds, AMD has a Moderate Buy consensus rating. The analysts forecast a modest upside of 2%, should the $56.56 average price target be met over the next 12 months. (See AMD stock analysis on TipRanks)To find good ideas for tech stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. More recent articles from Smarter Analyst: * Fulgent Pops 18% In After-Market On FDA Nod For Covid-19 Home Test * Amarin, Apotex Settle Vascepa Dispute; Analyst Stays Sidelined * Groupon Rises After-Hours Despite Revenue Plunging 35% Y/Y * Google and Carrefour Roll Out Voice-Based Shopping Service In France

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