Author: openjargon

  • Google Glass: A history of the discontinued smart glasses, what they did, why they failed

    A blue mannequin is wearing a pair of Google's smart glasses, known as Google Glass.
    Google Glass, Google's smart glasses, were meant to be revolutionary but were released before they were ready and had a number of quality issues.

    • Google Glass existed for almost exactly 10 years before being discontinued.
    • Google Glass' failure came amid widespread quality issues and a general lack of adoption.
    • Apple's smart glasses, the Apple Vision Pro, seem to be succeeding where Google Glass failed.

    First announced in 2012, and then released to a select number of product testers in 2013, Google Glass was thought by many tech experts and industry watchers to be a revolutionary new device that would change the way human beings and technology interacted.

    With the benefit of hindsight, we now know those hopes were overblown.

    So, what went wrong? A cocktail of factors led to the failure of Google Glass. But before we discuss the demise, let's establish a baseline understanding of this once-promising hardware.

    What did Google Glass do?

    Google Glass was first developed by a lab formerly known as Google X. The secretive research initiative, which also developed the self-driving car technology now known as Waymo, is now a subsidiary of Alphabet, Google's parent company.

    Google Glass was like a heads-up display and a mini computer joined together in one pair of glasses. It placed a small cube of glass just before its wearer's right eye and had a camera inset into the frame beside that cube.

    The camera could be used to do things like identify objects or locations or project a restaurant's menu or a subway station's schedule before the user's vision in real time. It could also share images and videos via Google Meet.

    Google Glass even integrated with Google Calendar and could show wearers their schedules or event notifications.

    Google Glass used the Google search engine to summon information, allowing wearers to navigate the world hands-free and with their eyes raised from their phone while still enjoying all the benefits of a smart device.

    The hardware was controlled via voice command or a touchpad on the side of the frame. Google Glass could also do many things a smartphone can, like send and receive texts, take photos, and so on.

    Why did Google Glass fail?

    Google co-founder Sergey Brin stands on a stage with colleagues to present a version of the Google Glass smart glasses.
    Google launched several editions of Google Glass — some for consumers and others for businesses — but none achieved widespread adoption.

    Google Glass was released before it was ready. Early users complained about short battery life, slow upload times, inferior camera quality, and spotty voice control and voice recognition abilities.

    The system often misheard words and was unable to pick up commands over loud background noise. And despite being essentially a smart pair of glasses, the physical design of early Google Glass editions was not that smart: the arms of the glasses did not fold down, so storing a Google Glass when it was not being worn was a frustration.

    It also must be said that, in many ways, Google Glass was an answer to a problem that did not exist. Despite the best efforts of Google co-founder Sergey Brin, who frequently wore the glasses in public, the public did not have much interest in the technology.

    In fact, many people hated the sense that they were always being filmed and monitored by people wearing Google Glass.

    Though the technology had a brief ascendence used in professional settings, with businesses like Volkswagen and Boeing seeing increased productivity in workers wearing a headset, even the specialized "Enterprise Edition" of Google Glass failed. There was simply not enough adoption.

    Can you still buy Google Glass?

    You can find pairs of Google Glass for sale on Amazon and on eBay and at certain other platforms, so you can still purchase a set for yourself. But Google no longer offers any support for the device, thus if you have an issue with the hardware, you're on your own.

    There will be no further updates, no technical assistance, and certainly no repair or replacement of a Google Glass bought via a third-party seller.

    You can expect to pay between $150 and $300 on average for a Google Glass set today, though some Enterprise and Expedition editions sell for much more than that. In comparison, a brand-new Apple Vision Pro currently costs $3,499.

    How is Apple Vision Pro different from Google Glass?

    A customer in an Apple store wears the Apple Vision Pro virtual reality headset for a demonstration.
    Unlike Google Glass, which used only voice and touch control, users can control the Apple Vision Pro through highly precise hand motions.

    Whereas Google Glass used a small, semi-transparent screen perched before one eye, an Apple Vision Pro headset fully covers both eyes and can create a truly immersive experience.

    And whereas Google Glass simply added to its user's real-time experience, Apple Vision Pro can transform it. The former can display videos, whereas the latter brings you into the visual experience.

    Google Glass and Apple Vision Pro also used different control features. As noted, Google Glass was controlled by voice or by touch.

    Apple Vision Pro is controlled by hand motions and voice, with those motions being highly precise. You can, for example, type on a virtual keyboard or pinch to zoom with your fingers simply grasping at the air.

    Read the original article on Business Insider
  • Putin’s latest political move shows Russia’s wartime economy is here to stay

    Russian President Vladimir Putin and Andrey Belousov in 2017.
    Russian President Vladimir Putin and Andrei Belousov in 2017.

    • Russian President Vladimir Putin is replacing his defense minister with a civilian economist.
    • Andrei Belousov will lead Russia's military-industrial complex as Putin prepares for a protracted war.
    • The move shows Russia's wartime economy has become a key pillar of growth.

    Russian President Vladimir Putin replaced his defense minister with a civilian economist on Sunday. The move has surprised analysts and signaled to some observers that Putin has no intention of ending the war in Ukraine any time soon.

    On Sunday, Putin — who was sworn in Tuesday for a fresh six-year term — proposed his new Cabinet.

    The Russian leader proposed Andrei Belousov, a 65-year-old former deputy prime minister, as defense minister to replace his longtime ally Sergei Shoigu.

    The personnel changes still need to be approved by Russia's parliament, but given Putin's grip on power, there are few doubts they will be checked off.

    Kremlin spokesman Dmitry Peskov said the Russian defense military's budget is nearing that of the former Soviet Union in the mid-1980s.

    "Today on the battlefield, the winner is the one who is more open to innovation," Peskov said of Belousov's appointment, per TASS state news agency.

    "Therefore, it is natural that at the current stage, the president decided that the Russian Ministry of Defense should be headed by a civilian," Peskov added.

    Putin is putting the war at the center of Russia's economy

    Putin's cabinet reshuffle comes as the war in Ukraine drags well into its third year.

    Russia continues to face sweeping Western sanctions that were designed to cripple its economy. However, Russia's economy has appeared to remain resilient.

    Reports from Russia suggest the country's economy is primarily driven by wartime activities that generate a demand for military goods and services, subsidies that steady the economy, and sharp policy-making from its top central banker, Elvira Nabiullina.

    Just last month, Putin denied Russia's economy was moving to a wartime regime.

    However, the Russian leader's appointment of a civilian economist with no military experience as defense minister signals Putin expects the military-industrial complex to be a key pillar of Russia's wartime economy amid the conflict in Ukraine.

    It suggests Putin may be preparing for a confrontation with NATO in the future, analysts at the Institute for the Study of War, a think tank, wrote on Sunday.

    It also points to a long war in Ukraine.

    "Belousov's appointment to the position of Russian Defense Minister is a significant development in Putin's efforts to set full economic conditions for a protracted war," the analysts added.

    Defense minister Belousov will be a 'financial administrator'

    Belousov's appointment to defense minister is unlikely to impact military operations on the ground.

    Valery Gerasimov, Russia's top general and chief of general staff, will remain in his position and is expected to continue playing a key role in directing the Ukraine war, Mark Galeotti, the director of the London-based Mayak Intelligence consultancy, told Reuters. Gerasimov reports directly to Putin.

    "In that context, having an economist, someone who has been speaking about the need to basically subordinate much of the economy to the needs of the defense sector, makes a certain amount of sense," Galeotti told the news agency. "It is now essentially a financial administrator's job and Belousov can do that."

    Read the original article on Business Insider
  • Citadel CEO Ken Griffin says the anti-Israel college campus protests are just ‘performative art’

    Citadel CEO Ken Griffin.
    Citadel CEO Ken Griffin.

    • Anti-Israel protesters are just engaging in a form of performance art, says Citadel CEO Ken Griffin.
    • "Freedom of speech does not give you the right to storm a building or vandalise it," Griffin said.
    • Griffin said he was pausing his donations to Harvard over its approach to on campus antisemitism.

    Citadel founder and CEO Ken Griffin, 55, isn't a fan of the anti-Israel protesters that have taken over American college campuses.

    "The protests on college campuses are almost like performative art, and we're not actually helping Palestinians or Israelis with these surreal protests," the hedge fund billionaire told the Financial Times in a story published Saturday.

    Pro-Palestinian protests have rocked American colleges like Columbia University and UCLA since April, with students calling upon their schools to sever any financial ties with Israel.

    The ensuing chaos prompted officials to quell the protests by shutting down encampments and conducting mass arrests. More than 2,800 people have been arrested or detained, according to data collected by The New York Times.

    "Freedom of speech does not give you the right to storm a building or vandalize it. That's not freedom of speech. That's just anarchy," Griffin said of the student protesters.

    The US, Griffin said, has "lost sight of education as the means of pursuing truth and acquiring knowledge." Instead, US colleges were now seized by a narrative that sees the country as one that is "plagued by systemic racism and systemic injustice," he added.

    "What you're seeing now is the end-product of this cultural revolution in American education playing out on American campuses, in particular, using the paradigm of the oppressor and the oppressed," Griffin said.

    Representatives for Griffin didn't immediately respond to a request for comment from BI sent outside regular business hours.

    This isn't the first time Griffin has weighed in on the anti-Israeli sentiment that has gripped US colleges. Back in January, Griffin said he was pausing his donations to his alma mater, Harvard University over its approach to on campus antisemitism.

    Griffin, who donated over $500 to Harvard over four decades, is one of university's most generous donors, per The Harvard Gazette.

    "Are we going to educate the future members of the House and Senate and the leaders of IBM?" Griffin said while attending the Managed Funds Association Network Miami conference in January.

    "Or are we going to educate a group of young men and women who are caught up in a rhetoric of oppressor and oppressee and, 'This is not fair,' and just frankly whiny snowflakes?" he continued.

    When asked about what Harvard should do next, Griffin told the FT that the Ivy League institution should "embrace our Western values" and get their students to "manifest these values throughout the rest of their life."

    Representatives for Harvard didn't immediately respond to a request for comment from BI sent outside regular business hours.

    Griffin's criticisms of student protesters highlight the huge influence that Corporate America has on higher education. Besides withholding donations, corporate leaders also hold immense power over the career prospects of college graduates.

    Last month, ExxonMobil CEO Darren Woods told CNBC that the oil giant "wouldn't be interested" in hiring students who took part in the anti-Israel protests.

    In fact, student protesters will soon find that they are "screwed" when it comes to landing a job, "Shark Tank" host and investor Kevin O'Leary told Fox News' "The Five" earlier this month.

    "Here's your résumé with a picture of you burning a flag. See that one. That goes in this pile over here, cause I can get the same person's talent in this pile that's not burning anything," O'Leary said.

    Read the original article on Business Insider
  • Here are the top 10 ASX 200 shares today

    Ten smiling business people wave to the camera after receiving some winning company news.

    The S&P/ASX 200 Index (ASX: XJO) managed to snatch a win from the jaws of defeat today, giving up an early plunge to finish slightly ahead. By the closing bell, the ASX 200 had added a tentative 0.013%, leaving the index at exactly 7,750 points.

    This underdog start to the week comes after a decent end to the American trading week last Friday night (our time).

    The Dow Jones Industrial Average Index (DJX: .DJI) was clearly looking forward to the weekend and galloped 0.32% higher.

    We can’t say the same for the Nasdaq Composite Index (NASDAQ: .IXIC) though, which inched 0.033% lower.

    But let’s get back to the ASX now, with an analysis of how the various ASX sectors kicked off their respective weeks.

    Winners and losers

    It was a fairly subdued day of trading for Australian investors this Monday.

    The worst place to be ended up being the energy sector. The S&P/ASX 200 Energy Index (ASX: XEJ) had a shocker, tanking by 0.73%.

    Tech stocks didn’t get a look in either. The S&P/ASX 200 Information Technology Index (ASX: XIJ) was walked backwards by 0.56%.

    Industrial shares fared a little better than that, but the S&P/ASX 200 Industrials Index (ASX: XNJ) still retreated by 0.15%.

    Financial stocks were fairly flat, evidenced by the S&P/ASX 200 Financials Index (ASX: XFJ)’s 0.03% slide.

    Even flatter were miners, with the S&P/ASX 200 Materials Index (ASX: XMJ) slipping by 0.02%.

    Real estate investment trusts (REITs) stayed exactly where they were on Friday though. The S&P/ASX 200 A-REIT Index (ASX: XPJ) ended today exactly where it started.

    Turning to the winners now, and today’s best sector was consumer discretionary shares. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) had a ball, banking a healthy rise of 0.52%.

    That was closely followed by consumer staples stocks. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) rose by 0.48%.

    Healthcare shares were also a great place to be, evidenced by the S&P/ASX 200 Healthcare Index (ASX: XHJ)’s 0.41% increase.

    As were gold stocks, although less so. The All Ordinaries Gold Index (ASX: XGD) gave up an early surge to book a 0.06% gain.

    Utilities shares almost mirrored those returns, with the S&P/ASX 200 Utilities Index (ASX: XUJ) lifting by 0.03%.

    Communications stocks were our final winners for the day, although the S&P/ASX 200 Communication Services Index (ASX: XTJ) only managed a slight 0.02% improvement.

    Top 10 ASX 200 shares countdown

    Coming in best this Monday was gold stock Bellevue Gold Ltd (ASX: BGL).

    Bellevue shares rose by a confident 5.4% by the end of trading. There wasn’t any news out of the company, but this rise could be a result of some recent love from an ASX broker.

    Here’s how the rest of today’s winners pulled up:

    ASX-listed company Share price Price change
    Bellevue Gold Ltd (ASX: BGL) $1.855 5.40%
    Bapcor Ltd (ASX: BAP) $4.63 4.75%
    Helia Group Ltd (ASX: HLI) $4.08 4.08% (coincidence)
    IPH Ltd (ASX: IPH) $6.02 3.44%
    Smartgroup Corporation Ltd (ASX: SIQ) $8.44 3.18%
    Emerald Resources N.L. (ASX: EMR) $3.60 2.86%
    Healius Ltd (ASX: HLS) $1.28 2.40%
    Super Retail Group Ltd (ASX: SUL) $13.45 2.13%
    JB Hi-Fi Ltd (ASX: JBH) $57.30 1.79%
    Beach Energy Ltd (ASX: BPT) $1.72 1.78%

    Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

    The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    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 positions in and has recommended Smartgroup and Super Retail Group. The Motley Fool Australia has recommended Bapcor, IPH, and Jb Hi-Fi. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • A Ukrainian recon commander in Kharkiv said its first line of defense was missing, in a ‘betrayal’ that allowed Russian troops to just walk in

    Volunteers, together with the police, inspect the site of the explosion and remove sharp objects from the road on May 12, 2024 in Vovchansk Kharkiv Region, Ukraine.
    Volunteers, together with the police, inspect the site of the explosion and remove sharp objects from the road on May 12, 2024 in Vovchansk Kharkiv Region, Ukraine.

    • A Ukrainian commander complained that promised defenses in Kharkiv are missing, per the BBC.
    • Denys Yaroslavskyi called the lack of defense like mines a "betrayal," blaming corruption or negligence.
    • Russia has launched a renewed assault on Kharkiv, with an estimated 35,000 troops pushing on the northern front.

    The commander of a Ukrainian reconnaissance unit said defenses in Kharkiv have been lacking as Russia tries to push into the region, blaming corruption or negligence from officials.

    "There was no first line of defense," Denys Yaroslavskyi told the BBC, which reported from Vovchansk on Sunday. "We saw it. The Russians just walked in. They just walked in, without any mined fields."

    Jonathan Beale, a defense correspondent at the outlet, wrote that Yaroslavskyi showed him drone footage of Russian troops walking past Ukraine's northeastern border without resistance.

    Yaroslavskyi, who heads a Ukrainian Special Reconnaissance Unit, told the BBC that at least some defenses promised by officials were missing in Kharkiv.

    "Either it was an act of negligence, or corruption. It wasn't a failure. It was a betrayal," he said, per the outlet.

    He and his men were set to deploy to the front line in Vovchansk at the time of the BBC's report.

    The Armed Forces of Ukraine's General Staff press office did not immediately respond to a request for comment sent outside regular business hours by Business Insider.

    Lying on Kharkiv's northeastern border, Vovchansk is one of Ukraine's closest cities to the Russian region of Belgorod. Kharkiv saw months of heavy fighting in the early stages of the war, when Russian forces initially seized it but were later rebuffed by Kyiv.

    Now, Russia is trying to re-establish a foothold in the region through a new offensive, claiming this weekend to capture several border villages.

    Days earlier, Ukrainian military observers reported that between 30,000 to 35,000 Russian troops had gathered for the push.

    Oleksandr Syrskyi, chief of Ukraine's armed forces, said on Sunday that the situation in Kharkiv had "significantly worsened."

    "Currently, there are ongoing battles in the border areas along the state border with the Russian Federation," Syrskyi wrote in a message on Telegram.

    It's unclear what's the Kremlin's intended goal for a renewed assault on Kharkiv. Russian leader Vladimir Putin in March suggested that Russia create a "buffer zone" there that would shield Belgorod from possible Ukrainian attacks, a comment that Kyiv said was a sign Moscow was preparing to attack in the north.

    The Kremlin has since 2022 been accusing Ukraine of shelling Belgorod, though this also comes amid repeated reports of Russian troops misfiring or dropping bombs by mistake on civilians there.

    Most recently, an apartment building in Belgorod partially collapsed on Sunday due to shelling, killing 13 and injuring 20, per local authorities. Russia blamed the deaths on fragments of Ukrainian missiles intercepted by air defense systems.

    As for the fighting in Kharkiv, Vovchansk has reportedly been a focal point for the latest Russian attack, with conflicting reports on Sunday of whether the settlement has been seized.

    Thousands of people have been evacuating Vovchansk, which originally had a population of 20,000 that's dwindled to 3,000 since the war started, per The BBC.

    The Washington-based think tank Institute for the Study of War has estimated that Russia will need far more troops and equipment on the northern front if it wants to seize Kharkiv city itself.

    It cited a report in March by Russian independent outlet Verstka, which quoted a Kremlin source saying Russia will need some 300,000 more troops, or 10 times more than the estimated personnel already deployed in Kharkiv, to surround and take the city.

    The ISW assessed that Russia's ability to attack Vovchansk was largely due to the West restricting Ukraine from hitting military targets with NATO-supplied equipment.

    The US more recently approved about $25.7 billion in weaponry and ammo for Ukraine, including artillery shells desperately needed by Kyiv to stave off Russian advances.

    Read the original article on Business Insider
  • Should you buy ASX gold ETFs right now?

    ETF written in yellow gold.

    Investing in gold and gold exchange-traded funds (ETFs) has been a trend clearly on the rise in 2024 to date. As we’ve documented here at the Fool extensively this year, new record highs for the price of gold have spurred many investors to take the plunge with a gold-backed investment.

    But should investors still be buying ASX gold ETFs in May of 2024? That’s what we’ll be discussing today.

    As we’ve just touched on, this year has been an extraordinary one for gold. The precious metal began the year at US$2,077 per ounce but has climbed up to roughly US$2,360 today. That comes after gold hit a new all-time high of around US$2,415 an ounce just last month.

    Remember, it was only as recently as late 2018 that gold was asking under US$1,200 for that same ounce. 2022 also saw gold retreat to roughly US$1,600.

    So the gold market is unequivocally enjoying a boom.

    This, of course, has meant that gold-backed investments like gold miners and precious metal ETFs have also been rising in value.

    To illustrate, the VanEck Gold Bullion ETF (ASX: NUGG) – a popular ASX vehicle for gold investment – has soared by almost 25% in value since October.

    Other similarly structured ETFs, including the Global X Physical Gold ETF (ASX: GOLD) and the Perth Mint Gold ETF (ASX: PMGOLD), have performed commensurately.

    But is there still steam left in this gold rush? Or is it too late to hop on the gold bandwagon?

    Should investors still consider gold ETFs in May 2024?

    Well, one commentator still preaches that gold is an asset class that investors ignore at their peril. ETF provider Global X (operator of the GOLD ETF listed above) is arguing that gold’s returns over the past ten years, together with its inverse correlation to other assets like shares, make it a great choice as part of a diversified portfolio.

    In a discursive piece, Global X found that gold returned an average of 9% per annum over the ten years to April 2024, underperforming the US markets but outperforming ASX shares.

    Over an even longer period of time, the report found that gold was advantageous to hold:

    Adding gold has increased the annual returns of Australian portfolios for a given amount of risk for most levels of risk and return over the past 20 year…

    Gold has had these effects because the gold price is uncorrelated with Australian risk assets (shares, property). Furthermore, and crucially, gold maintains these low correlations while performing relatively strongly over the longer-term. In sum: gold provides diversification that works.

    The report also argues that one of gold’s main advantages for investors is the inverse correlation to other asset classes. This results in gold performing an ‘insurance’ role in a diversified portfolio:

    In asset allocation, gold’s role is diversification. This makes it different from property, shares, and bonds – which provide income, capital growth and capital stability, respectively….

    Insurance is the ultimate form of diversification. When the value of one’s car or house – or whatever else is insured – falls or disappears entirely, an insurance policy can pay out…

    While not the same, gold’s role in asset allocation can be understood in similar terms. Gold tends to perform well when other assets struggle, thereby limiting losses. It does this due to its tendency to perform well during crises and its low correlations with other assets.

    It should be noted that Global X isn’t exactly unbiased here, even though it runs one of the ASX’s most popular gold-backed ETFs. However, the report makes for some compelling reading for anyone interested in gold as an investment.

    The post Should you buy ASX gold ETFs right now? appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    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.

  • 3 easy ways to reduce your ASX share portfolio’s volatility right now

    Scared people on a rollercoaster holding on for dear life, indicating a plummeting share price

    If you have a very volatile share portfolio, it can be an emotional rollercoaster. Of course, some people love the thrill of rollercoasters – but the rest of us don’t want to feel that sense of anxious apprehension every time we check our share portfolios. We just want nice, slow, dependable wealth accumulation. Nothing fancy, just a few extra dollars in our pocket each week will do it.

    Luckily for us, there are many quick and easy ways to reduce the volatility of our share portfolios. In this article, I take a look at three options: diversification, defensive shares, and dollar-cost averaging.

    1. Diversification

    One of the quickest and easiest ways to reduce your portfolio’s volatility is to diversify your investments. This essentially means buying many different shares or other investments and combining them into one portfolio.

    The share prices of different companies will respond differently to different events. For example, news of an interest rate hike will hurt the share prices of growth companies with higher debt levels, as it increases their borrowing costs. However, it could boost the prices of bank and insurance shares, which tend to benefit from higher interest rates.

    If you had a portfolio that only consisted of growth shares, you’d be hurt in this scenario. However, if you also owned some banking and finance shares, the gains in their share prices may have offset your other losses. And so, overall, you would have reduced your portfolio’s volatility, simply by being more diversified.

    If you don’t have much money to invest but still want to diversify your portfolio quickly, exchange-traded funds (ETFs) are a great option. ETFs trade on the ASX much like ordinary shares but are actually investment funds.

    Some are designed to track specific indices, like the iShares Core S&P/ASX200 ETF (ASX: IOZ). Others invest in commodities and other asset classes, like the Global X Physical Gold ETF (ASX: GOLD), which – as the name suggests – invests in gold.

    2. Defensive shares

    OK, so we’ve agreed that diversification is good if you want to reduce your portfolio’s volatility. But what if there was a particular type of share you could buy to help protect yourself if the rest of the market goes belly-up? As a matter of fact, there is: defensive shares.

    Defensive shares belong to companies that tend to do well regardless of the state of the broader economy. They might be consumer staples shares like Coles Group Ltd (ASX: COL), healthcare companies like CSL Ltd (ASX: CSL), or telecommunications companies like Telstra Group Ltd (ASX: TLS). These companies all provide goods and services that people rely on daily, so their profitability is less affected by economic downturns.

    Think of defensive shares almost as a type of insurance. When the prices of other stocks are tumbling, defensive shares tend to preserve their value. This means that adding a few of them to your portfolio can help it stay buoyant even when market conditions get choppy.

    3. Dollar-cost averaging

    Another great way to reduce your portfolio’s volatility is to follow a dollar-cost averaging (‘DCA’) investment strategy. Rather than investing one lump sum upfront, proponents of DCA will invest smaller amounts regularly over time, regardless of market conditions.

    Sure, that might not sound that earth-shattering, but the magic of this strategy is best illustrated with a simple example.

    Let’s say you wanted to invest $1,000 in Company A, and you could choose between investing your money as one lump sum now, or as five $200 investments each month for each of the next five months. Let’s assume that the current share price is $100, and the prices on the days you make your trades in the next 4 months will be $110, $90, $80, and $95.

    If you invested all your money as one lump sum upfront, your shareholding over the next five months would look like this:

    Lump Sum Month 1 Month 2 Month 3 Month 4 Month 5
    Shares Purchased 10 0 0 0 0
    Total Shares 10 10 10 10 10
    Market Price $100 $110 $90 $80 $95
    Value $1,000 $1,100 $900 $800 $950

    In this scenario, you used your $1,000 to purchase 10 shares (each priced at $100) in month 1. By month 5, the price of those shares had dropped by 5% to $95, which meant that the total value of your investment had also dropped by 5%, from $1,000 to $950. Pretty straightforward.

    However, an interesting thing happens if you follow a DCA strategy.

    DCA Month 1 Month 2 Month 3 Month 4 Month 5
    Shares Purchased 2.0 1.8 2.2 2.5 2.1
    Total Shares 2.0 3.8 6.0 8.5 10.6
    Market Price $100 $110 $90 $80 $95
    Value $200 $420 $544 $683 $1,011

    In this scenario, you break up your $1,000 into five $200 investments you make each month regardless of the share price. In month 1, you can buy 2 shares with your $200 ($200 investment divided by the $100 share price). In month 2, you can only buy 1.8 shares ($200/$110) because the share price has risen to $110. In month 3, you can buy 2.2 shares ($200/$90) because the share price has fallen to $90, and so on.

    Because you can buy more shares when prices are lower, by the end of the 5 months, you would end up with 10.6 shares instead of just 10. This means that the value of your portfolio would be $1,011, a 1% increase on your total investment of $1,000.

    In other words, even though the company’s stock price is now lower than 5 months ago, if you followed a DCA strategy you’d still be up! Pretty amazing, right?

    The Foolish bottom line

    In this article, I covered a few strategies you can adopt to reduce your portfolio’s volatility. You can diversify your portfolio to hedge against certain macroeconomic risks, you can invest more heavily in defensive shares to protect your portfolio against a downturn, and you can dollar-cost average so that you smooth your returns out over time.

    However, the right strategy for you will depend on your risk tolerance and personal circumstances. Carefully consider your investing goals and objectives before investing or changing your portfolio strategy. If in doubt, speak to a financial advisor.

    The post 3 easy ways to reduce your ASX share portfolio’s volatility right now appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor Rhys Brock 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 CSL. The Motley Fool Australia has positions in and has recommended Coles Group and Telstra Group. The Motley Fool Australia has recommended CSL. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Insider still buying Mesoblast shares despite 230% rise this year: Should you buy?

    Mesoblast Ltd (ASX: MSB) shares have been among the best performers on the Australian share market this year.

    Since the start of the year, the allogeneic cellular medicines developer’s shares have risen an astonishing 230%.

    This has been driven by optimism that its stem cell therapies may finally be granted approval by the US Food and Drug Administration (FDA) following years of knock backs, cash burn, and capital raisings.

    Interestingly, despite more than tripling in value in 2024, one of the company’s insiders continues to snap up Mesoblast’s shares. This appears to be an indication that this board member believes its shares are still good value even after this rise.

    Insider buys Mesoblast shares again

    According to change of director’s interests notices, Mesoblast’s chief medical officer, Dr Eric Rose, has made two large purchases of shares in the last two weeks.

    The first was made on 30 April and saw Dr Rose spend US$142,318.35 on the company’s NASDAQ listed shares. He picked up 21,428 American Depositary Shares (ADS) for an average of US$6.6417 per share.

    The chief medical officer then followed that up with a US$151,207.83 purchase on 8 May. This saw Dr Rose snap up 19,734 ADS for an average of US$7.6623 per share.

    Should you buy shares?

    One leading broker that would approve of these purchases is Bell Potter.

    Last month, its analysts retained their speculative buy rating on Mesoblast’s shares with a vastly improved price target of $1.40 (from 58 cents). This implies potential upside of approximately 36% for investors from current levels.

    The broker is feeling positive about the company’s Remestemcel product and believes that approval could be around the corner for the treatment of children with steroid refractory acute graft versus host disease (SR a GvHD). Bell Potter explains:

    Our best estimate for approval of Remestemcel is mid August 2024. The planned adult study in GvHD has for the moment been postponed pending the outcome of the resubmitted BLA. Valuation is increased from $0.58 to $1.40 eflecting significant changes to revenue forecasts bought about by renewed confidence for a prospective approval for Remestemcel in Paediatric GvHD later this year. A first approval may represent a gateway to a series of label expansions in the ensuing period as reflected in the share price movement in recent days.

    Though, it is worth remembering that its speculative buy rating means that Mesoblast shares may only be suitable for investors with a high tolerance for risk.

    The post Insider still buying Mesoblast shares despite 230% rise this year: Should you buy? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Mesoblast Limited right now?

    Before you buy Mesoblast 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 Mesoblast Limited wasn’t one of them.

    The online investing service he’s 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…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    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 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.

  • ‘Ideally positioned’: Why this ASX copper stock just rocketed 57%

    ASX copper stock Anax Metals Ltd (ASX: ANX) is off to the races on Monday.

    Shares in the junior resource explorer closed on Friday trading for 4.4 cents apiece. The Anax Metals share price leapt to 6.3 cents in earlier trade today, putting the stock up a whopping 57%.

    Following on some likely profit taking, shares in the ASX copper stock are currently swapping hands for 6.2 cents apiece, up 41%.

    For some context, the All Ordinaries Index (ASX: XAO) is down 0.3% at this same time.

    Here’s what’s stoking investor interest on Monday.

    ASX copper stock rockets on project update

    The Anax Metals share price is going ballistic after the company released a promising update on its joint venture Whim Creek Copper Project, located in the West Pilbara region of Western Australia.

    Anax owns 80% of Whim Creek, while Develop Global Ltd (ASX: DVP) owns the other 20%.

    The ASX copper stock said strengthening copper prices over the past year have added “significant momentum” to the project’s near-term development and recommencement of operations.

    At the current US$10,004 per tonne, copper prices are up 21% over the past 12 months.

    Anax said key outcomes from its Whim Creek Definitive Feasibility Study (DFS) and Heap Leach Study based on current metal prices and exchange rate inputs have enhanced the project’s economics by 32%.

    The miner estimates that under the new prices and rates, the project will generate around $520 million in free cash over the planned eight-year mine life, with a pre-tax net present value (NPV) of $357 million, and an internal rate of return (IRR) of 74%.

    That compares very favourably to its estimates in September 2023, with an NPV of $270 million and an IRR of 55%. Anax noted that the price assumptions used in open pit optimisations in the DFS were “markedly lower” than current commodity prices

    The ASX copper stock could also be getting a boost, with management flagging the potential to increase the open pit mine life and cash flow through re-optimisation at higher commodity prices.

    According to the release, the miner’s Evelyn and Salt Creek copper resource extension exploration will be prioritised, while studies for a regional processing hub strategy have already started.

    What did management say?

    Regarding the project update sending the ASX copper stock rocketing today, managing director Geoff Laing said, “The Whim Creek asset continues to shape up as a strategic processing hub for the Pilbara.”

    Laing continued:

    The recent increase in copper and other key metal prices has significantly enhanced project financial metrics. Anax is ideally positioned to benefit from the positive momentum building in copper demand on the back of its critical role in electrification and green technologies.

    Laing said the project is “ready for near term production of key energy metals”.

    The post ‘Ideally positioned’: Why this ASX copper stock just rocketed 57% appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Aurora Minerals Limited right now?

    Before you buy Aurora Minerals 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 Aurora Minerals Limited wasn’t one of them.

    The online investing service he’s 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…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    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.

  • Top fundie says this heavily shorted ASX 200 stock is ‘cheaper than it’s worth’

    A group of young ASX investors sitting around a laptop with an older lady standing behind them explaining how investing works.

    The S&P/ASX 200 Index (ASX: XJO) stock Idp Education Ltd (ASX: IEL) has been picked as an opportunity.

    IDP Education offers a number of services including student placement and international English language testing.

    Airlie Funds Management is an outfit that focuses on ASX shares, and Emma Fisher is one of the portfolio managers. Fisher recently spoke to the Australian Financial Review.

    IDP Education is a contrarian ASX 200 stock pick

    Fisher suggests that investing doesn’t need to be about having an epiphany about which trend to follow. She said:

    It’s not lightning-bolt moments in the shower where you realise that some secular
    megatrend is going to make you all this money. It’s about the nuts and bolts – talking to companies, having an open mind, reading widely.

    The balance sheet is a key focus for the investment team and when it comes to value, she said “the lower the share price, the lower the risk”.

    Airlie has been buying IDP Education shares following its almost 60% drop from November 2021. A problem has been the company’s key markets of Australia, Canada and the UK have “turned off the taps to immigration”.

    The fund manager started buying at $19 and it has dropped to below $16 at the time of writing. Fisher suggested the IDP Education share price could fall further in the short-term – which it has today – but the fund manager is confident the company can succeed even though it’s one of the most shorted stocks on the ASX.

    Fisher said:

    They’ve got the balance sheet, they’re the leading player, it’s not a capital-intensive industry, and they don’t need much cash to grow, so they’re going to survive a downturn.

    You can kind of lean into that fear that the cycle is throwing off, and find a good business that we think is cheaper than it’s worth.

    How cheap is the ASX 200 stock?

    There are a few different ways to judge a business, so let’s look at the company’s earnings multiple. The price/earnings (P/E) ratio is one of the easiest ways to judge a business.

    The forecast on Commsec suggests the company’s earnings per share (EPS) can grow in FY24, FY25 and FY26. The falling valuation, as we can see on the chart below, makes the stock look cheaper and cheaper.

    On the current estimates, the IDP Education share price is valued at 27x FY24’s estimated earnings, 24x FY25’s estimated earnings and 21x FY26’s estimated earnings.

    The post Top fundie says this heavily shorted ASX 200 stock is ‘cheaper than it’s worth’ appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    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 positions in and has recommended Idp Education. The Motley Fool Australia has recommended Idp Education. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.