Guy Rose, 6, is going viral for his antics in Congress behind his father, Rep. John Rose of Tennessee.
House Television via AP
Rep. John Rose of Tennessee made a passionate speech defending Donald Trump on Monday.
But all eyes were on Guy, his 6-year-old son, who stole the show with his backstage mischief.
Guy just graduated kindergarten, and Rose said he was asked to smile for his little brother.
Politics can be tiring. The 2024 election, set to be a contest between two of the nation's oldest-ever candidates, is marked by undertones of war, a doozy of federal crimes, and increasingly divided voters.
Guy Rose, 6, is showing us all how he copes.
As his father, GOP Rep. John Rose of Tennessee, took the podium on Monday to blast former President Donald Trump's New York prosecutors, the boy, sitting behind, pulled a range of faces for the camera.
First, he flashed the camera with a winning smile, then appeared to lose interest before seemingly cooking up a fun idea.
"Regardless of one's opinion of the current Republican nominee, we'd be well-served to remember the long and cherished tradition we have in the country for settling our political differences at the ballot box," said Rose.
Meanwhile, Guy launched into a series of goofy faces, tongue wagging, eyes rolling, and complete with dramatic hand gestures.
Guy breaks into a smile for the camera.
House Television via AP
His dad continued to speak, saying May 30 — the day Trump was found guilty of 34 felonies — would go down as "one of the more infamous days in American history" because of "flimsy" charges brought against Trump.
Behind Rose, Guy appeared to get bored, fishing a toy out of his pocket and fidgeting with it, occasionally giving the camera a cheeky glance.
C-SPAN captured the boy's adorable antics for only about five minutes as his father spoke, but they've since gone viral.
According to Rose, the faces apparently stemmed from an encouragement for Guy to smile at the camera for his little brother, Sam.
The Associated Press reported that Guy just graduated kindergarten last week and that his brother and mother, Chelsea, are back home in Tennessee.
Rose's opposition jumped in with criticism for the congressman on Monday evening, writing on X that "we too would be mocking him while he spoke."
Doug Andres, spokesperson for Senate Minority Leader Mitch McConnell, suggested that Guy might have been trying to tell everyone something about the Illuminati.
Rose, now 59, was likely about 53 when his wife gave birth to Guy. The congressman was 45 in 2011 when he married Chelsea Rose, who was then 21 and a college senior, according to The American Prospect, a liberal political magazine.
He founded the IT training company Transcender Corp and was president of Boson Software, a similar firm based in Nashville. Rose was also Tennessee's agriculture commissioner from 2001 to 2003 before he became a congressman for the state's 6th district in 2019.
Photos and surveillance footage show the worksite where a tunnel collapsed and killed three construction workers in Jinan.
Jinan Emergency Bureau
Authorities are blaming an intern for a construction firm in China for a tunnel collapse.
The intern, Wang Nianpu, is named "mainly responsible" and criminally liable while his bosses face fines.
Wang was supposed to deliver an important stop-work order but failed to do so, investigators said.
Chinese authorities have named a construction intern as likely criminally responsible for a pipe network collapse that killed three construction workers.
Wang Nianpu, an intern working as a quality inspector, was one of three people marked in an investigation report as liable for the collapse in December along a main road in central Jinan City.
The report, seen by Business Insider, was filed in early May but went viral after local media reported the case over the weekend.
It said the workers were killed in a tunnel that collapsed because a steel support beam was missing. An excavator was plowing through soil at the entrance, causing steel plating inside the trench to fall and crush the trio.
As a result, dozens of local government officials, Wang's senior colleagues, and bosses face fines, warnings, or formal admonishment.
Only Wang, a technician, and a site supervisor were named for criminal investigation.
The report singled out Wang, saying he was "mainly responsible for the occurrence of the accident" and that he was previously detained but released on bail pending his trial.
But it wasn't his role as a quality inspector that landed him in trouble.
According to the investigation run by Jinan's Emergency Management Bureau, Wang's supervisors discovered a safety hazard in the tunnel on December 28 and signed an order to stop work for the next day.
Wang was instructed to deliver the order to construction crews on December 29 but failed to do so for "personal reasons," the report said.
Authorities said the tunnel collapsed the next day.
The report found that the work carried out in the trench broke regulations and recommended a $151,000 fine for a Qingdao branch of PowerChina Construction, which was overseeing the site.
It's unclear who was Wang's direct employer. PowerChina Construction is a state-owned company and worked on the project with several subcontractors, including Chengda Lighting Engineering and Hengxin Construction Supervision.
Wang's case went viral on Weibo, China's version of X, on Tuesday, becoming the top search topic on the platform for several hours, per data seen by BI.
"I'm shocked. This type of accident is blamed on the person with the lowest salary?" one Weibo user wrote. "You're asking him to take the main blame when he can't even sit at the table for meals."
"It's no longer a joke that interns must bear important responsibility. It's a fact," wrote another.
Local media outlet Red Star News, citing labor experts from law firms in Beijing and Hunan, wrote that the "status of an intern should not be a prerequisite for a person to be exempted from criminal punishment."
Worley described itself as a global professional services company of energy, chemicals and resources experts. The company partners with customers to deliver projects and “create value over the life of their assets”. It says it’s “moving towards more sustainable energy sources, while helping to provide the energy, chemicals and resources now.”
It was rated as a buy by Peter Day from Sequoia Wealth Management, who said the company’s factored sales pipeline was up 14% in the financial year to 31 March 2024. Sustainable-related work represented 82% of the factored sales pipeline.
The ASX 300 share’s plans include growing profit margins through automation and generative artificial intelligence and targeting market share gains with its technology solutions pipeline.
The ASX telco share is the leading provider of mobile services in Telstra. It also has a growing presence in cable infrastructure, enterprise, NBN services for households and telco services for Pacific Island nations.
Management’s plans have “shifted to re-setting and reducing costs” in markets where growth has slowed. The expert also noted that the number of postpaid mobile subscribers is approaching 9 million.
Hallihan says fair value is around $4.50 per share, according to Auburn Capital. That’s around 30% higher than today’s value.
This ASX 300 share is a provider of Australian pathology services to clients including doctors, specialists, patients, hospitals, and corporate clients. The company has over 70 laboratories. It’s one of the country’s largest private hospital pathology businesses, and the SunDoctors brand specialises in detecting skin cancer and providing treatment.
Jabin Hallihan from Auburn Capital also rated this company as a buy. He noted Australian Clinical Labs recently affirmed that underlying earnings before interest and tax is expected to be “at the lower range of between $60 million and $65 million” in FY24.
In the opinion of Hallihan and the Auburn team, the company is “undervalued” after the significant fall of the Australian Clinical Labs share price â it’s down 32% in the past 12 months, as shown on the chart below.
Should you invest $1,000 in Australian Clinical Labs Limited right now?
Before you buy Australian Clinical Labs Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Australian Clinical Labs Limited wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
Motley Fool contributor Tristan Harrison 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 Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
It’s been a bit of a rough Tuesday for the All Ordinaries Index (ASX: XAO) and most ASX All Ords shares so far today. At the time of writing, the All Ords Index has dropped by 0.25% and is hovering just above 8,000 points. But let’s talk about one stock that’s going the other way and just hit a new 52-week high.
That ASX All Ords stock is none other than coal shareWhitehaven Coal Ltd (ASX: WHC).
Whitehaven stock closed at $8.25 a share yesterday and opened at that same price this morning. But since then, it has only been up for this ASX All Ords stock. At present, Whitehaven shares are trading at $8.40 each, up a healthy 1.76% for the day thus far.
It was even better for Whitehaven shares earlier this morning. Just after market open, this All Ords stock climbed all the way up to $8.45 a share â a new 52-week high for Whitehaven.
Today’s gain continues a long streak of wins for Whitehaven shares. As it now stands, this ASX All Ords stock is now up 8.2% year to date in 2024 so far, as well as up a whopping 40.9% over the past 12 months.
Check that out for yourself below:
Why is this ASX All Ords stock at a new 52-week high today?
Today’s new highs for Whiehaven are not easily explained. There haven’t been any fresh developments, news or announcements out of Whitehaven itself for quite a while.
However, that doesn’t mean a lot of things haven’t been going right for the company.
Back in April, Whitehaven completed the acquisition of two metallurgical coal mines for US$3.2 billion, instantly transforming the company into a significant metallurgical coal producer.
As my Fool colleague Bronwyn covered at the time, this resulted in a number of ASX experts casting a positive light on the ASX All Ords stock. ASX broker UBS gave Whitehaven a buy rating, as well as a 12-month share price target of $8.70, as a result.
Michael Gable of Fairmont Equities piled on, stating that Whitehaven stock “looks cheap” following the mine acquisitions.
There was some good news for Whitehaven shares last month too. On 16 May, the All Ords stock revealed that the Federal court had dismissed an attempted challenge of its Narrabri Stage 3 Extension Project. This project is expected to extend the Narrabri coal mine’s life from 2031 to 2044.
So it appears that these positive developments for Whitehaven are resulting in investors taking a second look at the stock and liking what they see. Let’s see if Whitehaven can hit any more highs going forward.
At the current Whitehaven share price, this ASX All Ords coal stock has a market capitalisation of $7.03 billion, with a dividend yield of 5.84%.
Should you invest $1,000 in Whitehaven Coal Limited right now?
Before you buy Whitehaven Coal Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Whitehaven Coal Limited wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
Motley Fool contributor Sebastian Bowen 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.
The Woodside Energy Group Ltd (ASX: WDS) share price is taking a tumble today.
Shares in the S&P/ASX 200 Index (ASX: XJO) oil and gas stock closed yesterday trading for $27.93. In afternoon trade on Tuesday, shares are swapping hands for $27.46 apiece, down 1.7%.
That sees the Aussie energy giant significantly underperforming the ASX 200 today, with the benchmark index down 0.1% at this same time.
Here’s what’s happening.
Woodside share price catching OPEC headwinds
The Woodside share price is under pressure today following a sizeable retrace in global oil prices.
International benchmark Brent crude slipped 0.8% overnight to trade for US$77.82 per barrel. Only one week ago, on 28 May, that same barrel was trading for US$84.22, equating to a 7.6% weekly decline.
It’s a similar story with West Texas Intermediate crude oil. At US$73.69 per barrel, WTI is down 0.7% overnight and down 7.7% over the week.
While the sinking oil price will come as good news to motorists filling their tanks, it’s weighing on the Woodside share price today.
And shareholders look to have the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to thank.
As you’re likely aware, OEPC+ members have been limiting their monthly outputs to help prevent a supply glut from sending the oil price crashing.
At the cartel’s meeting over the weekend, members agreed to extend their existing cuts through the upcoming quarter. But OPEC surprised most analysts by announcing its intent to begin returning some of that missing production commencing in October.
Production cuts are then expected to be entirely phased out a year later.
Commenting on OPEC’s decision sending the oil price and the Woodside share price lower, Taylor Nugent, a senior economist at National Australia Bank Ltd (ASX: NAB) said (quoted by The Australian Financial Review), “Most commodity analysts had expected the production cuts to be maintained till the end of the year.”
Ryan McKay, a commodity strategist at TD Securities added (quoted by Bloomberg):
The market is coming to terms with the wind-down of the voluntary cuts starting in October. The easing of supply risk premia has already been weighing on prices and spreads, and the OPEC agreement has done little to turn that tide.
With today’s intraday losses factored in, the Woodside share price is now down just over 21% in 12 months.
Which might well present a bargain over the medium to longer term.
As Christopher Watt, an investment advisor at Bell Potter Securities noted last week, “The recent share price pullback in this energy giant presents an attractive entry point for investors, in our view.”
Should you invest $1,000 in Woodside Petroleum Ltd right now?
Before you buy Woodside Petroleum Ltd shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Woodside Petroleum Ltd wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
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 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.
A man looking at a screen at the New York Stock Exchange
Michael Nagle/Xinhua via Getty Images
The NYSE will cancel trades after a glitch caused halts for 40 stocks, including Berkshire Hathaway.
The glitch caused Berkshire Hathaway to appear to trade at a 99% discount.
The technical issue lasted two hours and was linked to the Consolidated Tape Association's software.
The New York Stock Exchangesaid it will cancel trades made after a glitch caused trading halts for 40 stocks on Monday morning — including Berkshire Hathaway, which appeared to trade at a 99% discount.
Class A shares of the Warren Buffettcompany appeared to trade at $185.10 per share before a trading halt kicked in. Trading can be paused before a news event, due to regulatory concerns, or if a stock moves outside certain price bands, which is what happened to Berkshire Hathaway.
A handful of trades took place at the discounted price in the minute before the halt started, according to LSEG data. NYSE said that all Berkshire Hathaway trades made at or below $603,718.30 would be canceled.
Class A shares of the conglomerate closed at $627,400 on Friday. The stock reopened at $648,000 at 11:36 a.m., and closed at $631,110 on Monday.
The technical glitch, which came from the Consolidated Tape Association's real-time stock quotes, lasted for about two hours and was fixed by about 11:45 a.m.
The NYSE allows traders to flag "clearly erroneous" trades and seek compensation, if necessary. Last January, a glitch on the NYSE led to dramatic price swings for more than 250 firms and was traced back to a staffer who left a backup system running.
The CTA oversees the dissemination of real-time price information on several exchanges. It said that Monday's glitch could have stemmed from "an issue with Limit Up/Limit Down price bands that may have been related to a new software release."
The NYSE issued similar cancellation notices for at least 12 other firms, like fast-casual chain Chipotle, and exchange-traded funds, including a Pimco bond ETF.
The author now works from her home office and can spend more time with her kids.
Alexandra Karplus
Alexandra Karplus credits office jobs in New York and Singapore for many of the friendships she's formed over the years.
Since she started working from home, her personal relationships with coworkers aren't as strong.
She still wouldn't want to go back to office life.
"I want to invite you guys over to my place for Thanksgiving," I told a few coworkers while enjoying a picnic at the Singapore Botanic Gardens back in 2008.
It had been a month since I moved from New York to Singapore and I felt happily settled in my new life. I was 27, just married, and thrilled to start the next chapter of my life on the other side of the planet.
A welcoming group of colleagues from around the world — whose ages ranged from just out of college up to almost ready for retirement — had contributed to the easy transition. They gave me tips on how to sign up for phone plans, told me about neighborhoods to check out, taught me Singlish 101, and regularly invited me to join them for lunch, after-work drinks, and even a few picnics.
Additional friends and partners were often invited to tag along, and that afternoon, my husband — as well as one new colleague's fluffy husky — was sitting alongside me on the mat.
"How are we going to host Thanksgiving? We just moved into our apartment and don't even have plates or cutlery," my husband asked.
It was a good question. I hadn't considered logistics, nor had I ever hosted a Thanksgiving dinner. My British coworker Peter jumped in and said he'd be happy to have us over at his place. Everyone was excited to join in, although, with no other Americans in the group, it would be the first Thanksgiving for all of them.
On Thanksgiving day I prepared stuffing and a few pumpkin pies in my new kitchen. Peter had Skyped his mom back in Guildford for a step-by-step tutorial on how to prepare a turkey, and it was in the oven when we arrived. The other guests showed up with more sides and bottles of wine. I left that night with a full belly and a whole new group of friends to be thankful for.
I've met some of my closest friends at work
Fast forward 16 years — plus two children and a new job — and I'm still happy in Singapore. Because the city has a large transient population, I've seen many friends and coworkers come and go — but even this has had benefits.
I've attended three weddings of past colleagues in Bali, one of which was for coworkers who had fallen in love at the office. I've made trips to visit my work friends in their new homes around the world. Those who travel back through Singapore make it a point to plan a get-together when they're in town — usually at their favorite hawker center to eat satay and chicken rice.
Work friendships started back in New York and are still going strong
These types of strong connections with colleagues didn't just start in Singapore. The best part about my first job out of college, when I was still living in Manhattan, was our weekly brainstorming meeting. The team manager would bring a brown paper bag filled with bagels, and we'd sit around a table coming up with new ways to improve the site's content. The website didn't last, but the friendships have. My bagel manager has even made it over to Singapore to say hi.
The next job in New York was the one that eventually transferred me to Singapore. We were publishing inflight magazines from a warehouse-like space in Dumbo, Brooklyn, before it was a trendy part of town. This was where another set of friends came into my life.
When the weather got cold, we would wander over to Jacques Torres Chocolate Factory for hot cups of spicy cocoa. When we closed a monthly issue, my boss would treat the team to pizza at Grimaldi's. The pizza boss now lives nearby in Bangkok. He visits regularly, and my kids think of him as an uncle.
I'm questioning how friendships can grow when we work from home
The pandemic changed everything. At the time, I was producing magazines and web content for airlines. Global travel restrictions and lockdowns had a huge impact on the company, and eventually, management had to let go of the majority of our over 30-person creative team.
I was lucky and grateful to still have a job. At that point in my career, I was the editorial director, and while I didn't make the final decisions, I was the messenger who told people they'd been laid off. It felt like I had betrayed friends, and it also led me to question why I had been loyal to that company for so many years.
In my current job, as the lifestyle and culture editor for Business Insider in Singapore, we work almost entirely from home. We have a space in a WeWork, but we also have a remote-flexible work policy globally. New colleagues are given in-person training when they join the company, but the majority of our day-to-day communication happens online.
There's constant chatter throughout the workday on Slack — colleagues sharing articles, pointing out events, and praising each other's work. We even have a channel to share pictures of our cats.
But while I like my coworkers, and have been in this job for over a year, these relationships have not grown into friendships.
The benefits outweigh the downsides
Research shows I'm not alone.
In June 2022, the Survey Center on American Life surveyed 5,037 American adults about workplace relationships. More than half of those surveyed said they'd met a close friend through their work or a spouse's work.
Fast forward one year to a report on loneliness in the US, released in May 2023 by then-US Surgeon General Vivek Murthy. In the report, Murthy said the number of close friendships people have has declined. Murthy connected this to technology, a factor that has led to a decline in face-to-face contact and is also what has enabled us to work from home.
"As we shifted to use technology more and more for our communication, we lost out on a lot of that in-person interaction," Murthy told the Associated Press in an interview last May.
Results from a June 2022 Gallup poll of 16,586 working adults highlighted the positive impact that friendship at work can have on business outcomes. But the poll also found that in the US, just two in 10 employees reported having a best friend at work.
There are benefits to working from home. As a mother, I have time to drop my kids off at school in the morning, as there's no commute. I find a little "me time" with a home yoga session over lunch. There's no one blasting music that's not my jam or stopping me for a meaningless, 15-minute chat on the way to fill up coffee.
Between a mix of one-on-one catch-ups and team-wide Google Meets — none of which ever run longer than the pre-scheduled time slot — it's easy to follow what everyone is working on, and I rarely feel like my personal time is being encroached upon.
However, friendships are much harder to make online, and none of my work relationships in this job have managed to cross the threshold into friendships.
Yes, we have a Slack channel to share pictures of our cats, but I haven't had the pleasure of meeting someone's dog, by surprise, at a team picnic. I haven't been introduced to any of my coworkers' friends or partners, nor has my husband met any of them. Back in the day, I even picked up some basic mahjong skills when an assistant editor invited the whole team over to her mother's apartment to celebrate Chinese New Year.
When Thanksgiving comes around this year, I'm not sure how my colleagues would react to an invitation to the feast. Maybe we can start off with a picnic.
Former President Donald Trump dancing at his campaign rally in the South Bronx on May 23, 2024.
James Devaney/GC Images via Getty Images
Donald Trump's felony conviction seems to have only turbocharged his campaign's fundraising efforts.
Trump's campaign said it raised $53 million within a day within a day of his guilty verdict.
Donations to the campaign in May nearly doubled the $76 million it and the RNC reaped in April.
Former President Donald Trump's conviction on Thursday hasn't dampened his appeal among donors and supporters.
On Monday, Trump's campaign team said it raised $141 million in donations alongside the Republican National Committee. The RNC is led by former North Carolina GOP chair Michael Whatley and Trump's daughter-in-law Lara.
According to the statement, the former president pulled in two million donations last month, with a quarter of those donors being new to the campaign. The sum raised is nearly double the $76 million the campaign and the RNC collected in April.
"We are moved by the outpouring of support for President Donald J. Trump," Trump campaign senior advisors Chris LaCivita and Susie Wiles said. "President Trump raised $141 million in small donations alone this month."
But getting convicted might have been a blessing in disguise for Trump. His campaign said that over one-third of the donations, or $53 million, came within a day of his guilty verdict.
"Unfortunately for Democrats, their rigged political operation has backfired in a historic way, and Republicans are in a stronger position than ever to FIRE Crooked Joe Biden and Make America Great Again by electing President Trump on November 5," said RNC co-chairs Michael Whatley and Lara Trump.
The Trump campaign's bumper haul in May puts pressure on President Joe Biden, whose campaign raised only $51 million in April.
Last month, the Biden campaign ended the first quarter of 2024 with $192 million. The campaign said this was the highest amount raised by any Democratic presidential candidate at this point in the election cycle, per Reuters.
"We'll see how the numbers actually shake out come July," Biden campaign spokesperson Ammar Moussa told Axios in a statement.
"But one thing's for certain: Trump's billionaire friends are propping up the campaign of a white-collar crook because they know the deal – they cut him checks, and he cuts their taxes while working people and the middle class pay the tab," Moussa added.
It can be useful for investors to keep an eye on which shares have experienced meaningful insider buying.
This is because insider buying is often regarded as a bullish indicator, as few people know a company and its intrinsic value better than its directors. If they are buying, it could be a sign that they are confident in the direction the company is heading and see value in its shares.
With that in mind, listed below are a few ASX All Ords shares that have reported insider buying recently. They are as follows:
An insider has been buying this insurance broker’s shares in recent sessions. According to a change of director’s interests notice, Melanie Laing picked up 1,714 shares through an on-market trade of 31 May. Laing paid a total consideration of $49,980.65, which equates to an average of $29.16 per share.
This uranium producer has reported some meaningful insider buying. Its non-executive director, Jan Honeyman, bought 21,739 shares through an on-market trade on 30 May. Ms Honeyman paid an average of $4.60 per share, which equates to a total consideration of $99,999.40. This almost doubled the director’s stake in the company.
This auto retailer’s director, Nick Politis, has been making large investments in its shares in recent months. This continued last week on 30 May when Politis snapped up a further 100,000 shares in the ASX All Ords share for an average of $10.11 per share. This equates to a total consideration of just over $1 million. A day earlier, fellow director David Blackhall bought 45,000 shares through an on-market trade.
The CEO of this beaten down property development company has been buying shares. A notice shows that Anthony Lombardo snapped up 15,000 shares through an on-market trade on 30 May. He paid an average of $6.0196 per share, which represents a total consideration of approximately $90,000.
Another beaten down ASX All Ords share that has reported insider buying is Peter Warren Automotive. Its executive director Paul Warren made a series of trades between 28 May and 30 May. This saw him snap up a total of 541,000 shares for a total consideration in the region of $1 million.
This salary packaging and fleet management company’s non-executive director, Ian Watt, has been buying its shares. Watt bought 10,000 shares through an on-market trade on 30 May for a total consideration of $79,900. This represents an average price of $7.99 per share.
Should you invest $1,000 in Eagers Automotive Ltd right now?
Before you buy Eagers Automotive Ltd shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Eagers Automotive Ltd wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
Motley Fool contributor James Mickleboro 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 Smartgroup. The Motley Fool Australia has recommended Aub Group and Eagers Automotive Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
“The share market is a scam!” “It’s rigged!” “Only the experts win at this.” I’ve heard all kinds of dismissive conclusions from people who tried buying shares and decided it’s not for them. It almost always boils down to one common mistake — a factor that, if properly considered, can pave the way to successful long-term investing.
How do I know if investing is worth it? It’s really quite simple. Take a look at the chart below.
Any investment in the S&P/ASX 200 Index (ASX: XJO) before February 2024 has grown in value. Yes, that means some investments made between February and today would be in the red. But that perfectly illustrates the market in itself.
The share market rewards the patient.
Yet, so many let this one dangerous approach derail the compounding train before it leaves the station.
Eyes bigger than one’s stomach
Ever heard of the saying ‘Never go grocery shopping when you’re hungry’? The same can be said for buying shares.
Our brains like to exaggerate. It’s how all-you-eat buffets make money — taking the arbitrage between what a customer thinks they can eat (and are willing to pay for) and what they can actually eat. More often than not, the eyes are bigger than the stomach.
To save yourself money and a bellyache, it’s important to know how hungry you are truly.
It turns out there’s a form of appetite in the investing world, too. It’s called risk appetite, sometimes referred to as risk tolerance. And instead of it being how many burgers you can stomach, it’s how much money you can lose without getting queasy.
Risk appetite works both ways, not just the ‘upside risk’. As you creep up along the risk curve, the prospect of losing money is real. Yet, many fixate on the ‘higher expected returns’ part and neglect the negative implications.
I hear stories repeatedly about people buying a speculative ASX small-cap because they think it ‘might’ return tenfold. Twelve months later, nursing a 90% loss, the same people swear off buying shares.
However, investing was never the problem. It was the lack of consideration given to their risk appetite.
Buying shares is like building a meal plan
What can you afford to consume based on your own personal circumstances?
Everyone faces a different situation. To milk the nutrition analogy further, someone with medical issues may need to consume less sugar than someone with a clean health bill. Some simply can’t stomach dairy due to intolerances.
Now imagine sugar and dairy are your speculative and growth investments. They may not fit into someone’s investment diet, and that’s fine! There are more ways to earn a return with defensive shares or blue chips.
What matters is asking yourself the question honestly before buying shares.
You don’t want to be halfway through the metaphorical investment cheesecake when you discover you are dairy intolerant.
Should you invest $1,000 in S&P/ASX 200 right now?
Before you buy S&P/ASX 200 shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and S&P/ASX 200 wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
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.
