Author: openjargon

Guzman y Gomez Ltd (ASX: GYG) shares are off and trading, marking the finish line in the fast food company’s initial public offering (IPO) journey. Now, the real adventure begins — one filled with retail shareholders, ASX disclosures, and public financial reporting.

GYG shares are up 36% to $30.00 in afternoon trade.

You might wonder: Who are the burrito believers, the enchilada embracers, and the quesadilla crusaders? The people putting their money behind the Mexican-inspired fast-food joint growing into a more valuable company in the years to come.

No need to wonder. Let me spill the beans on Guzman y Gomez shares.

These investors are banking on a burrito-blitz

Ascribed a market capitalisation of around $2.2 billion, investors of GYG are hungry for growth. The valuation translates to an earnings before interest, taxes, depreciation, and amortisation (EBITDA) multiple of 32.5 times — a figure attracting plenty of scepticism.

Despite this, many existing shareholders held tight to their stakes throughout the IPO. An insatiable appetite of investors wanting in and insiders not giving up much meant the public offer was heavily oversubscribed — reportedly 20 times as much.

Now making its way onto the ASX, we know who the biggest investors are of this in-demand listing.

Shareholder	% ownership in GYG
TDM Custodial Services Pty Limited	28.23%
Barrenjoey Trevally No 1 Pty Limited	10.36%
Evan Jason Pty Limited (Marks Family)	7.41%
Aware Super Pty Ltd	6.07%
Gaetano Alfred Gerrard Russo	5.60%
RBH Pty Limited (Hazan Family)	4.47%
Stephen Craig Jermyn	3.76%
Richard Bell & Kate Bell	2.83%
HSBC Bank Australia Limited	2.76%
Mara Invest Pty Ltd (The Mara Invest)	2.28%

As shown above, the largest owner of Guzman y Gomez shares is TDM Custodial Services at 28.23%. Being a ‘custodial service’, this would be shares held by Sydney-based TDM Growth Partners on behalf of its clients.

Other notable holders in the top 10 are co-founders Steven Marks and Robert Hazan. The third largest holding is Evan Jason Pty Limited, denoted as ‘Marks Family account’. Meanwhile, Hazan lands sixth on the list through an investment held under RBH Pty Limited.

The top 20 investors hold 85.71% of shares in Guzman y Gomez.

Who else owns Guzman y Gomez shares?

With a further 14.29% (or 14.5 million shares) unaccounted for, who are the other investors?

It’s hard to know exactly. Shareholders outside the top 20 are not required to be disclosed to the public.

However, there’s a good chance that most of the remaining investors are the general public — people like you and me. After all, the fast-food company issued 11.1 million GYG shares as part of its IPO.

The post Who owns Guzman y Gomez shares? appeared first on The Motley Fool Australia.

More reading

• Guzman y Gomez shares rocket 36% on IPO day
• It’s only a day until ASX investors can buy Guzman y Gomez shares
• Why I’m planning to buy Guzman y Gomez shares and own for the long-term
• Is Guzman y Gomez stock too expensive?
• Who is investing in the Guzman y Gomez IPO?

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Coles Group Ltd (ASX: COL) shares are in focus after a report from consumer advocacy group Choice was released overnight.

Whilst not market sensitive in any way, the report analysed grocery prices at several supermarkets and supermarket chains, including competitors Woolworths Group (ASX: WOW) and Aldi Stores.

Choice was commissioned to do so by the Australian Government, amid rising inflation and cost of living pressures.

Coles shares are currently trading at $17.25 as I write, down less than 1%. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) is slightly in the red.

Choice goes shopping

The report on grocery pricing from Choice found that Australians could be around 25% better off on groceries by shopping at Aldi compared to Coles and Woolworths.

Choice’s findings are based on the findings from undercover shoppers it sent to 81 supermarkets across Australia. These included Coles, Woolworths, Aldi, and some IGA stores. These shoppers recorded prices for a standardised basket of goods to determine which supermarket offered the best value.

Findings showed the average basket, consisting of 14 items at Aldi costs $51.51, while the same basket costs $69.33 at Coles and $68.58 at Woolworths.

This indicates just a 75-cent difference between Coles and Woolworths but a significant saving at Aldi, it says.

Ashley de Silva, CEO of Choice, stated, “Aldi is the best value when it comes to groceries across the nation”, according to The Australian Broadcasting Corporation.

The report also highlights that Aldi’s prices were more consistent across different locations, whereas prices at Coles and Woolworths showed more variation.

Choice also pointed out regional price differences, noting that areas without Aldi stores, such as Tasmania and the Northern Territory, faced higher grocery prices. Additionally, even in states like Western Australia, where Aldi is present, people pay about $1 more for the same basket of goods.

De Silva added:

One of the things that we saw is that Aldi’s prices across the stores that we visited were reasonably consistent, you get a bit more variation in Coles and Woolworths.

Impact on Coles shares

The supermarket giant acknowledged the report today, but said further analysis may be needed. “We welcome Choice’s contribution, however, it is unclear whether like-for-like products are being compared”, a company spokesperson said, per The ABC.

Bell Potter analysts are also constructive on Coles shares. According to my colleague James, the broker rated Coles a buy with a $19 per share price target.

Foolish takeaway

Coles shares are in focus amid the ongoing competition in the Australian supermarket sector. The Choice report brings certain advantages and disadvantages into the spotlight.

This could challenge Coles to show investors its value proposition. Time will tell. In the last 12 months, Coles’ share price has gone down over 7%, despite a 7% gain this year.

The post Coles shares flat as Choice report says competitor Aldi cheapest appeared first on The Motley Fool Australia.

More reading

• 3 of the best ASX 200 blue chip shares to buy now
• 3 reasons to be positive on ASX 200 shares in FY25 (and 3 to be wary)
• Where Aussies are spending their money, and the ASX shares that could benefit
• Why Telstra and these excellent ASX dividend stocks could be buys
• Buying Coles shares? Here are key metrics you’ll want to know

Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Coles Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

There has been almost nothing but good news from Nvidia (NASDAQ: NVDA) over the past four quarters. Many investors might not recall that Nvidia’s revenue actually declined 13% year over year in the first quarter of its fiscal 2024 (which ended April 30, 2023).

Fast-forward to fiscal 2025’s first quarter, when revenue exploded higher by more than 260% year over year. In conjunction with that growth, the stock price has more than tripled in the past year, and investors continue to receive positive signs that the business will keep growing. The latest bullish news should have investors thinking Nvidia still has a long runway to increase sales in its data center segment.

AI spending soars

After such a huge jump in sales over the past year, some investors may be wondering if Nvidia’s revenue growth may have peaked. But recent news from its fellow tech company Broadcom suggests that the addressable market for artificial intelligence (AI) equipment is broad and still growing.

Broadcom supplies semiconductor solutions and infrastructure that AI requires. Its products include switching solutions, accelerators, server storage equipment, and on-site and cloud connectivity offerings.

Like Nvidia, Broadcom recently reported strong results for its latest quarter. Revenue from its AI-related products set a record, and made up a quarter of total sales as the top line increased by more than 40% year over year. But it’s something Broadcom CEO Hock Tan said during management’s conference call with investors that should make Nvidia investors more bullish.

Tan admitted that Broadcom wasn’t going to try to compete with Nvidia in its leading position as a supplier of graphics processing units (GPUs) to provide AI systems with computing power. He acknowledged, however, that Nvidia was increasingly becoming a competitor to Broadcom on the networking side. Nvidia’s next-generation Blackwell platform is just the first step. Speaking of Nvidia, Tan noted, “They are trying to create a platform that is probably end-to-end very integrated.”

That should make Nvidia investors confident that the AI spending being directed to the company can continue to grow for the foreseeable future.

What’s next for Nvidia?

It’s notable how much Nvidia has already dominated its competitors in reaping the investments that companies are making in data center computing power.

Now consider that there is yet another segment of Nvidia’s business with the potential to take a similar growth trajectory. Nvidia’s automotive and robotics segment has more than doubled its revenues over the last two years. While its automotive segment still contributes only a minor portion of total sales, self-driving technology is advancing and numerous automakers are already Nvidia customers.

Several Chinese electric vehicle (EV) makers, autonomous driving technology companies, and global automakers are using Nvidia’s Drive platforms. In its latest earnings report, Nvidia also noted that “an array of partners are using Nvidia generative AI technologies to transform in-vehicle experiences.”

Most recently, U.S.-based EV maker Rivian Automotive said it would be using Nvidia’s Drive Orin processors to increase computing power and improve the performance of its R1 platform vehicles.

Don’t ignore valuation

While the potential remains immense for Nvidia to grow sales and earnings, investors shouldn’t ignore the fact that some of that expected growth is already baked into the company’s current valuation. Some investors believe the stock has already risen beyond a reasonable valuation and is due for a major correction.

While earnings are up by more than 600% so far this year, the stock followed a similar trajectory. With a forward price-to-earnings ratio of about 50 and a price-to-sales ratio of nearly 30 based on this year’s projected revenue, Nvidia will need to deliver significantly more growth before the stock looks like a bargain again.

While there are realistic paths for that to occur, the stock’s rise could pause as the market waits to see what actually happens. The stock could even dip. Aggressive investors still might want to have Nvidia in their portfolios based on both its past successes and the potential for more. However, after its meteoric rise, this stock is a good candidate to buy in stages rather than deploying all the funds you plan to commit to it all at once. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Nvidia investors just got some bullish news appeared first on The Motley Fool Australia.

More reading

• Is Nvidia stock going to $200 in the wake of its 10-for-1 stock split?
• Can anyone topple Nvidia as the king of artificial intelligence investments?
• We see patterns everywhere. That’s not always helpful.
• Nvidia shares reach world’s most valuable milestone. Where to now?
• Is it too late to buy Nvidia stock?

Howard Smith has positions in Nvidia and Rivian Automotive. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Nvidia. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Broadcom. The Motley Fool Australia has recommended Nvidia. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Helia Group Ltd (ASX: HLI) shares experienced a strong rebound on Thursday, with the ASX 200 stock currently surging nearly 15% to $3.84 per share.

Yesterday, Helia was heavily sold off following reports Commonwealth Bank of Australia (ASX: CBA) was tendering a long-held contract with the company. It closed at $4.22 per share on Tuesday, before sliding back to $3.34 per share after Wednesday’s sell-off.

Today’s recovery rally follows an upgrade on the ASX 200 stock from analysts at Macquarie. This has potentially injected a dose of optimism into the beaten-up stock. Let me explain.

ASX 200 stock rebounds

The drop in the ASX 200 stock yesterday was triggered by news that CBA would run a tender for its lenders mortgage insurance (LMI) business. This is a contract it has long held with Helia.

This business also currently contributes about 53% of Helia’s gross written premium (GWP). Investors were understandably spooked yesterday, contributing to the downside.

However, Macquarie’s analysts suggest that Helia is well-positioned to win this tender once again. The investment bank noted that this is not CBA’s first tender, and historically, Helia has managed to retain its contracts.

“[W ]e think HLI would likely win the tender again and be the exclusive LMI writer, [for CBA}”, it said in a note, according to The Australian.

If the ASX 200 stock is successful, it could also secure Bankwest, the broker says. This could potentially boost its GWP by 9%.

Macquarie believes the financial impact of losing the contract would be minimal in the short term. The current contract expires at the end of 2025, with revenue impacts not expected until 2027.

The firm’s research of recent tenders of similar variety also “suggests with multiple LMI providers generally chose the provider they did the most business with”.

Other brokers weigh in

Goldman Sachs also weighed in on the situation in a note yesterday. According to the firm, the tender process with CBA is not a new challenge for the ASX 200 stock. “We note that this is the second time in three years that HLI’s Supply and Service contract with CBA has been put up for RFP,” it stated.

There should be very limited impact on near-term earnings as HLI will continue to earn GWP from the existing CBA contract until its expiry on 31-Dec-25..

Since successfully winning the last RFP, we understand that HLI has increased the levels of its technology integration with CBA, having largely rebuilt its technology interface.

This perspective aligns with Macquarie’s view that any potential financial impact would be felt much later, giving Helia time to adjust.

Goldman has a neutral rating on the ASX 200 stock with a $4.53 per share price target.

Conclusion

Today’s rebound in this ASX 200 stock shows that investors are keeping an eye on the tender process. In the last 12 months, Helia shares have held a 13% gain.

The post Beaten-up ASX 200 stock rebounds 15%. Macquarie says more to come appeared first on The Motley Fool Australia.

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• Why these 3 ASX 200 stocks just scored sizeable broker upgrades
• 5 things to watch on the ASX 200 on Thursday
• Why Beach Energy, Core Lithium, Helia, and Red 5 shares are dropping today
• ASX 200 stock plunges 15% on CBA deal news
• CBA, DroneShield, and these ASX stocks just hit 52-week highs

Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Two ASX shares released some major takeover updates this morning.

One is rocketing on the news.

The other is sinking.

Which ASX shares are we talking about?

Read on!

ASX share dips on takeover update

The first ASX share with a takeover update today is marine-related services provider MMA Offshore Ltd (ASX: MRM).

Investors first learned of the potential takeover of the company on 25 March. That’s when the company reported it had entered into a binding scheme implementation deed with Cyan MMA Holdings to acquire all of its MMA Offshore’s shares.

Cyan is owned by Seraya Partners, an infrastructure fund focused on energy transition and digital infrastructure. The original offer was for $2.60 cash per share, valuing the company at just over $1.0 billion.

The board unanimously recommended a shareholder vote in favour of the offer.

MMA Offshore chairman Ian Macliver said, “We have been in discussions with Cyan since October 2023, and the board has now reached the required level of confidence to enter into the scheme implementation deed.”

The MMA Offshore share price closed up 10.6% on the day of that announcement.

Today, the ASX share is down 1.8% at $2.64 apiece after exiting a two-day trading halt.

This comes despite the company reporting that Cyan has increased its offer by 10 cents to $2.70 a share.

In the absence of a competing proposal, Cyan said this was its best and final offer. Perhaps some punters were hoping for more and are now exiting the stock.

Soaring higher on takeover update

This brings us to the ASX share, which is flying higher after the company updated the market on its own takeover proposal.

Shares in Bigtincan Holdings Ltd (ASX: BTH), which provides AI-powered sales enablement automation platforms, are up a whopping 17.4% at 11.5 cents apiece.

The tech company first announced its potential acquisition on 11 June.

At the time, Bigtincan reported:

Bigtincan has received a confidential, non-binding, incomplete and indicative offer from Vector Capital Management, L.P. at an indicative offer price of $0.25 per share.

The Independent Board Committee will, with the assistance of its financial and legal advisers, continue to carefully consider any proposals that maximise shareholder value and continue to ensure it remains in compliance with its confidentiality and continuous disclosure obligations.

The very next day, the company reported that Vector had formally withdrawn the offer, but “requested ongoing engagement with the company with a view to a new offer that could be submitted based on those engagements”.

This followed a dilutive capital raise announced by Bigtincan on the day.

Today, the ASX share reported it had received a new offer from Vector at an indicative offer price of 19 cents per share.

While that’s 65% above the current price, the board said it views the offer price as “insufficient to engage with Vector any further”.

The board has now formally rejected the revised offer.

The post 2 ASX shares with big takeover updates today appeared first on The Motley Fool Australia.

More reading

• Why did this ASX AI stock just crash 21%?
• Why Arafura Rare Earths, Bigtincan, Evolution Mining, and Galileo Mining shares are dropping

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bigtincan. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Every month, analysts at Morgans pick out their best ASX stock ideas.

These are the ASX stocks that the broker thinks offer the highest risk-adjusted returns over a 12-month timeframe. Morgans notes that they are supported by a higher-than-average level of confidence.

Among its best ideas for June are the two ASX 200 stocks listed below. Here’s what the broker is saying about them:

TechnologyOne Ltd (ASX: TNE)

Morgans thinks that this enterprise software provider’s shares are a great option for investors this month and has added them to its best ideas list.

The broker likes the ASX 200 stock due to its large cash balance, strong returns, and impressive track record of earnings growth. It said:

TNE is an Enterprise Resource Planning (aka Accounting) company. It’s one of the highest quality companies on the ASX with an impressive ROE, nearly $200m of net cash and a 30-year history of growing its earnings by ~15% and its dividend ~10% per annum. As a result of its impeccable track record TNE trades on high PE. With earnings growth looking likely to accelerate towards 20% pa, we think TNE’s trading multiple is likely to expand from here.

Morgans has an add rating and $20.50 price target on its shares. This implies potential upside of 12% for investors.

ALS Ltd (ASX: ALQ)

Another new addition to its best ideas list in June is testing services company ALS.

The broker highlights the ASX 200 stock’s (sustainable) leadership position as a reason to buy. It also believes that ALS is about to deliver margin improvements, which will be a boost to its earnings. And with copper and gold prices at high levels, it believes demand for its services will be strong. The broker commented:

ALQ is the dominant global leader in geochemistry testing (>50% market share), which is highly cash generative and has little chance of being competed away. Looking forward, ALQ looks poised to benefit from margin recovery in Life Sciences, as well as a cyclical volume recovery in Commodities (exploration). Timing around the latter is less certain, though our analysis suggests this may not be too far away (3-12 months). All the while, gold and copper prices – the key lead indicators for exploration – are gathering pace.

Morgans has an add rating and $15.50 price target on the company’s shares. This suggests that they could rise 7% from current levels. It also expects a dividend yield of almost 3% over the next 12 months.

The post Morgans names the best ASX 200 stocks to buy in June appeared first on The Motley Fool Australia.

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• 3 ASX 200 shares with ex-dividend dates next week

Motley Fool contributor James Mickleboro has positions in Technology One. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Technology One. The Motley Fool Australia has recommended Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Guzman y Gomez Limited (ASX: GYG) shares have started life as a listed company with an almighty bang.

After commencing trade at midday with an IPO listing price of $22.00, the quick service restaurant (QSR) operator’s shares opened 36% higher at $30.00.

Investors don’t appear fazed by some analysts declaring the Mexican food chain as expensive compared to peers Collins Foods Ltd (ASX: CKF) and Domino’s Pizza Enterprises Ltd (ASX: DMP).

Nor are they bothered by concerns over how Guzman y Gomez treats its lease liabilities or the mixed track record for private equity IPOs.

Guzman y Gomez shares have strong start

Judging by the way that Guzman y Gomez shares have burst out of the gates, it seems that investors are buying into management’s growth plans.

Guzman y Gomez’s revealed that its growth strategy is centred around new restaurant openings in Australia, existing restaurant sales growth, margin improvement, digital initiatives, and international growth.

In respect to the former, the company advised that new restaurant openings in Australia are expected to be the primary contributor to its network sales growth over the long term. It believes there is an opportunity to grow its network to more than 1,000 restaurants in Australia over the next 20+ years. This compares to the 185 restaurants that it operates across the country today.

Supporting this expansion is its belief that it has substantially built the team, restaurant pipeline, and infrastructure to be able to open 30 new restaurants per year over the near-term. It also sees scope to increase this to 40 new restaurant openings per year within 5 years.

Management also sees the United States as a growth opportunity given the large size of its QSR market.

However, it is taking a measured approach to its expansion in the United States and anticipates opening up to three additional corporate restaurants in the Greater Chicago region in FY 2025. It currently operates four restaurants in the country.

But management has warned that while it believes there is a large growth opportunity in the United States due to the size of the market, it will continually assess and adjust the pace and extent of new restaurant expansion having regard to the financial and operational performance of existing restaurants. After all, there is significant competition in the QSR industry and existing players in the same space, such as Chipotle (NYSE: CMG), already have significant brand equity and large footprints.

Earnings forecasts and sky-high valuation

It is fair to say that Guzman y Gomez has very skinny margins at present.

For example, in FY 2023, it reported revenue of $259 million and a profit after tax of $3 million, representing a profit margin of 1.16%.

In FY 2024, revenue is expected to increase to $339.7 million with a profit after tax of $3.4 million. After which, revenue of $428.2 million is forecast for FY 2025, with a profit after tax of $6 million. The latter will mean a profit margin of just 1.4%.

But that isn’t putting off investors, which are valuing the company at $3 billion. This gives it a staggering forecast FY 2025 PE ratio of 500x.

It certainly will be interesting to see how the company and its shares fare in the coming years once the IPO magic wears off.

The post Guzman y Gomez shares rocket 36% on IPO day appeared first on The Motley Fool Australia.

More reading

• It’s only a day until ASX investors can buy Guzman y Gomez shares
• Why I’m planning to buy Guzman y Gomez shares and own for the long-term
• Is Guzman y Gomez stock too expensive?
• Who is investing in the Guzman y Gomez IPO?
• Should you buy shares in Guzman y Gomez when it lists on the ASX?

Motley Fool contributor James Mickleboro has positions in Collins Foods and Domino’s Pizza Enterprises. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Chipotle Mexican Grill and Domino’s Pizza Enterprises. The Motley Fool Australia has recommended Chipotle Mexican Grill, Collins Foods, and Domino’s Pizza Enterprises. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Understanding what to expect from your superannuation balance at key retirement ages like 60, 65, and 70 offers a starting point for your retirement planning process.

These milestones can give you a snapshot of how well you’re preparing for retirement and what steps you might need to take to ensure a comfortable future.

My colleague Sebastian covered this topic at the beginning of the year based on FY21 statistics from the Australian Taxation Office (ATO). Read on to see my updates based on the ATO’s FY22 data.

I will discuss the median figures in addition to averages, as the latter might be inflated due to outliers, including super-riches.

Average superannuation balance leading up to 60

By the time you hit the age of 60, you’re looking more closely at retirement. According to the FY22 ATO report, the median superannuation balance leading up to this age, from 55 to 59, was $155,127. This compares with the average for the same age group of $265,739.

This is a key time to reassess your financial strategies, as you might be starting to consider winding down from work.

Progressing to 65

Moving from age 60 to 65 is an essential phase. Some decide to retire during this time, which impacts their super balance as they start to make withdrawals from their designated super fund. During this period, from ages 60 to 64, the median balance in FY22 was $177,981, while the average balance was $341,585.

Many people are still likely to be active in the workforce during this stage, which may explain why the median super balance increased by about 15% for the five years. Similarly, the average super balance increased by 29% for this age group compared to the younger age group above.

This is a crucial time to consider your investment choices, the growth of your savings, and diversification.

Reaching 70

Many Australians are well into retirement at the age of 70. In FY22, the median superannuation balance for people aged 65 to 69 was $198,715, and the average was $404,553. From there, the growth rates of these balances typically decelerate before starting to decline for the age group of 75 and more.

This shows the impact of people starting to use their super for retirement income while trying to maintain enough balance to last through their retirement years.

Maximising your super

To make the most of your super, consider additional contributions to maximise tax benefits and optimise your investment options.

While these average figures offer some insights, taking a personalised approach towards managing and growing your super will be key to a comfortable retirement.

The post Average superannuation balance at 60, 65, and 70: What to expect appeared first on The Motley Fool Australia.

More reading

• 2 ASX shares with big takeover updates today
• Morgans names the best ASX 200 stocks to buy in June
• Guzman y Gomez shares rocket 36% on IPO day
• Why these 3 ASX 200 stocks just scored sizeable broker upgrades
• DroneShield shares hit record high on major new AI order

Motley Fool contributor Kate Lee has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.