• I made $100,000 selling my backyard. Now a developer will use it to build more homes California so desperately needs.

    An aerial shot of a backyard in Sacramento, California.
    Jeremy Cullifer sold his backyard for $100,000.

    • Jeremy Cullifer sold part of his backyard through startup BuildCasa for $100,000.
    • The grocery wholesaler, 46, plans to use the money to upgrade his 70-year-old house.
    • Cullifer said California's increasingly bad housing crisis was a big motive for splitting his lot.

    This as-told-to essay is based on a conversation with Jeremy Cullifer, 46, about his decision to sell a portion of his backyard through startup BuildCasa to both make money and contribute to solutions to California's affordable housing crisis. The conversation was edited for length and clarity.

    I've been in Sacramento my whole life.

    I've been in my house for 19 years. I bought it through the family for $180,000 after my great-grandmother passed. She bought it in 1953.

    It's a three-bedroom, one-bath house. It's 1,096 square feet on a quarter-acre lot. I have a moderate front yard that wraps around because it's a corner lot, and then a large backyard.

    A house on a corner lot with a big backyard.
    Cullifer's corner lot.

    BuildCasa had put out a mailer to my mother — she lives in the same community on a different street.

    She said, "You should give some thought to this. You don't do anything with your backyard and you're always complaining about affordable housing for people in Sacramento. You might as well be part of the solution instead of part of the problem."

    I'm the only person I know in my peer group that owns a home. Everybody else is renting.

    My son is about to get his first apartment, and it's $1,500 a month. It's insane. The supply of available housing is nowhere near the demand, so of course the prices just keep going up and up.

    My daughter moved to New York City after she graduated college and struggles with affordable rent. That really was the biggest eye-opener to me.

    I sold my backyard for $100,000

    A couple of years ago, California Senate Bill 9, or SB 9 — which allows single-dwelling units to subdivide their property — was passed. My understanding is that the subdivision has to be at least 40% of the existing land in order to be eligible.

    What BuildCasa is going to do is create a new property line for me, which is about 10 feet off my back porch, and then the remainder of the backyard would then become its own plot of land. It would become its own separate lot with its own separate address, and a developer would build a stacked duplex on it.

    I was intrigued at the very beginning, and then I had a meeting with BuildCasa and did some research online. Then I talked to my mom, my brother, and an aunt and uncle — because it's been a family home since the '50s, so I didn't want to create family strife by changing the homestead.

    They were indifferent. They were like, "What are you doing to the house?" Well, I'm not doing anything to the house. I'm just going to have less backyard.

    BuildCasa laid out a whole bunch of options and let me decide what was best. They checked in with me five or six times to make sure it was actually something that I wanted to do — it was not just a knee-jerk reaction.

    A selfie of a man in front of a door.
    Cullifer said he's the only person in his neighborhood to use BuildCasa, so far.

    They laid out what was possible and a bunch of different paths. I picked what worked best for me, what I was most comfortable with. We ended up listing the property and letting people bid on it. I had a couple offers that I had rejected, and then we ended up partnering with a developer.

    I sold it for $100,000, of which I expect to pocket $30,000. I'll have to pay around $35,000 to my mortgage holder — because of the loan-to-value amount is going to change, I'm probably going to have to pay down to my mortgage company to get that back-end ratio.

    And then the remainder will be paying BuildCasa for all their time, effort, energy, knowledge, expertise, and going through the process.

    I'm selling to the developer, and BuildCasa is facilitating both that relationship as well as going through all the red tape and the government requirements necessary to get the permits, go through the zoning changes, and all that kind of fun stuff.

    Once you've divided and sold your property, there's no going back — unless you buy it out from somebody else, and that would be a financial nightmare.

    The extra cash is nice, but I think more people will participate once the housing crisis gets worse

    There were a number of reasons I did this.

    Number one: maintenance and upkeep. I hate yard work, and now I'm going to have to do a lot less of it. That's pretty exciting.

    Anybody who tells you they're just solely altruistic is lying to you.

    A backyard in Sacramento, California.
    Cullifer's former backyard.

    Number two: the money I get from that sale, I'll be able to upgrade my house.

    It's a 70-year-old home. It could use a new bathroom, it could use a new kitchen, and I'll be able to do that without financing it, which is pretty exciting. It'll improve my own personal living situation while still contributing to being a part of the solution for housing.

    I talked to a few community members about what I'm doing. I've been here for a large portion of my life, so I know people pretty well. I didn't really have anybody who had any significant concerns I talked to.

    I think the trend that has grown over the last 20 years of people buying property for investments and flipping them and continuing to raise the prices has really made it almost impossible for anybody less than the upper-middle class to buy a home.

    At some point, there'll be a tipping point when people's kids can't buy a house or their nieces and nephews can't buy houses, or their best friend can't buy a home, and people will start to wake up to the scope of the problem.

    We've had quite a few ADU-type buildings in the neighborhood, but I have not seen anybody do a subdivided lot in this community yet.

    I would be shocked if it didn't catch on.

    Read the original article on Business Insider
  • Does Google train its AI on YouTube videos? Here’s what YouTube’s CEO and the platform’s terms of service say.

    YouTube Chief Product Officer Neal Mohan speaks onstage
    YouTube CEO Neal Mohan was asked in an interview about the possibility of the platform's content being used to train AI at parent company Google.

    • Is YouTube's massive content library being used to train its AI models?
    • CEO Neal Mohan says some creators' contracts with the platform mean their content could be used.
    • He also said that if OpenAI trained Sora on the video within YouTube content, it would violate the terms of service.

    Google is betting big on AI. AI models, including Google's Gemini, require a ton of training data to be competitive.

    So a natural next question is: Is Google using its massive trove of YouTube videos to further those AI ambitions?

    To help try to answer that question, we looked at what YouTube's CEO has said on the topic and what the platform's terms of service say, along with sending some clarifying questions to its parent company Google.

    YouTube CEO Neal Mohan was asked in an interview about the possibility of Google using YouTube's massive digital content library to train its AI models.

    In April, The New York Times reported that "Like OpenAI, Google transcribed YouTube videos to harvest text for its A.I. models, five people with knowledge of the company's practices said. That potentially violated the copyrights to the videos, which belong to their creators."

    Mohan said some YouTube creators have specific contracts that can allow their content to be used in AI training.

    "Google uses YouTube content really in accordance again back with those terms of service or individual contracts that we might have with creators or uploaders to our platform," Mohan told Bloomberg's Emily Chang in a full-length interview, some of which was first published in April.

    "Lots of creators have different sort of licensing contracts in terms of their content on our platform, lots of rightsholders do," he added.

    Basically, it sounds like YouTube's CEO is saying that any AI training the company is doing with YouTube content, whether it's scraping video titles or transcripts or the video content itself, is being done in a fashion that honors the terms that content creators have agreed to.

    "And so some portion of that YouTube corpus may be being used for those models, but it's going to be in concert with whatever the terms of service or the contract that that creator has signed before uploading their content to YouTube," Mohan said.

    As The New York Times reported, Google may not be the only company looking to YouTube for AI training data.

    In a March interview with The Wall Street Journal, OpenAI CTO Mira Murati was asked if the company's AI text-to-video generation tool Sora was trained on YouTube content. She responded that she was "actually not sure about that."

    Mohan says that, depending on what, if any, data OpenAI scraped, it could violate YouTube's terms of service.

    "Our terms of service does allow for some YouTube content like the title of a video or the channel name or the creator's name to be scraped because that's how you enable the open web for that content to show up and maybe show up in other search engines or what have you and be available that way," Mohan told Chang.

    "But it does not allow for things like transcripts or video bits to be downloaded and that is a clear violation of our TOS," he said.

    YouTube's terms of service define content as "videos, audio (for example music and other sounds), graphics, photos, text (such as comments and scripts), branding (including trade names, trademarks, service marks, or logos), interactive features, software, metrics, and other materials whether provided by you, YouTube or a third-party."

    The terms say uploaders "retain ownership rights in your Content" but also "grant certain rights to YouTube and other users of the Service."

    "By providing Content to the Service, you grant to YouTube a worldwide, non-exclusive, royalty-free, sublicensable and transferable license to use that Content (including to reproduce, distribute, prepare derivative works, display and perform it) in connection with the Service and YouTube's (and its successors' and Affiliates') business, including for the purpose of promoting and redistributing part or all of the Service," the terms say.

    So while Mohan's remarks and YouTube's terms of service shed more light on the matter, it's still not entirely clear if and how the average YouTube video could be used by Google for AI training purposes.

    Business Insider reached out to Google to ask if the company was training any of its AI models or products, such as its recently announced text-to-video generator, Veo, on the actual video files of YouTube content. We'll update this post if we hear back.

    Read the original article on Business Insider
  • Car prices are finally falling. Here’s why people still aren’t buying.

    car dealership
    • Both new and used car prices are normalizing from pandemic peaks. But sales have flatlined, Bank of America says.
    • Consumers are still priced out of the market due to rising interest and insurance costs.
    • Some have turned to electric vehicles and hybrids, with EV loan originations rising steeply.

    Car prices are falling back down to earth, in a steady decline from 2021 peaks. But that's no relief to consumer wallets, as car affordability remains low.

    According to Bank of America, overall car sales have flatlined, despite post-pandemic recoveries ing both pricing and supply. 

    During the COVID years, new car inventory slumped heavily, as stimulus-rich buyers looked for alternatives to public transport. Deepening the crunch were supply chain issues, which dented the availability of needed components for manufacturing. 

    Used car purchases picked up as an alternative; as a result, used vehicle prices swung past those of new models.

    New and used car prices

    But supply has since bottomed out, and inventory is showing slow signs of recovery. Despite this, buyers are not coming back as expected, with both new and used vehicle loan originations tumbling through 2023. That suggests that sales have plateaued.

    "One reason for this flattening, we believe, is that the total 'all in' cost of ownership — including elevated interest rates, insurance, and maintenance costs — has become more expensive even as auto prices are declining," the bank wrote on Friday.

    For instance, the note points out that car loan interest rates have jumped steeply since mid-2022. Citing a nearly four percentage point gain since then, it means that consumers would have to pay close to $100 more a month for the average new vehicle loan as of March.

    And insurance costs are similarly trending upwards, having risen 22.6% year-over-year in April. According to the bank, premiums are likely to remain higher.

    Interest rates for new car loans

    "In fact, Americans feel that vehicle maintenance and loans were two of the top five most difficult household expenses to afford as of April 2024," the report said, citing a recent Bank of America proprietary Market Landscape Insights study. "Nearly 45% of respondents reported difficulty affording these items, while the share was even starker for Gen Z at nearly 60%."

    Owners are instead holding onto their vehicles longer, potentially as they wait out for affordability to improve. The average US vehicle age jumped 40% between 2001 and 2023, reaching 12.5 years.

    For some consumers, this market has prompted interest in electric vehicles and hybrids, marked by a sharp rise in EV loan originations. But this trend has limits, Bank of America said, as buyers will need to face limited access to charging stations.

    Read the original article on Business Insider
  • After paying $25,000 of credit-card debt, I’m ready to make the most of my clean slate

    The offers and details on this page may have updated or changed since the time of publication. See our article on Business Insider for current information.

    A side-by-side composite featuring a close-up shot of a credit card amidst a pile of money and headshot of Kelly Burch
    • At the beginning of the year, I was facing nearly $30,000 in credit-card debt.
    • I made a budget to pay it off in 18 months, but a big project let me pay off most of it in just one.
    • This article is part of "My Financial Life," a series helping people live and spend better.

    When December ticked into January, I knew it was time to face something I had been putting off: my credit-card debt. When I added it up, it was even worse than I'd thought. I owed $29,357, and my monthly payments alone were approaching $1,000.

    If I were reading about this happening to anyone else, I'd probably think, "How did that happen?" The truth is, it was just too easy. I wasn't dining out regularly, shopping impulsively, or doing anything extravagant. I racked up most of the debt improving my house, which I bought as a foreclosure in need of serious repairs. Another major chunk was from a bucket-list trip to Italy with my sister and cousins for a wedding.

    I didn't regret either of those things, but I was starting to feel suffocated. I vowed to pay off my debt as aggressively as I could.

    I realized I was undermining my financial security

    I've been freelancing for more than a decade, and I believe there's a lot of job security in being a contractor. If one client goes under, I can find another. Yet at the start of this year, I barely had any work.

    This compounded my stress about my credit-card debt. A major change in my workflow could make it impossible to keep up with even the minimum payments. That much debt could easily snowball and overwhelm me, flattening my plans for a stable financial future.

    Over the past five years, I've worked hard to create a stable career — and eventual retirement — as a freelancer. To me, that means being able to pay for my needs and wants comfortably while doing the type of work I love. I save monthly for retirement and budget diligently for quarterly taxes. I felt frustrated with myself when I realized I was leaking money on credit-card interest when it would otherwise help build my security.

    I made a budget and planned to pay off the cards in 18 months

    My resolve was strong, but I was still overwhelmed by the sheer amount of debt. I thought about a home-equity loan, but I didn't want to change unsecured debt for a loan that put my home on the line.

    Instead, I put together a budget — something I'd been good about sticking to in the past — and laid out all my household expenses. With my low January income, I would just meet them. I decided to do a no-spend month, where I didn't purchase anything but essentials — not even coffee. I stopped using the cards and canceled any automatic charges and subscriptions linked to them.

    I planned to stick to my budget and direct any extra income toward my debt. I thought it would take me about 18 months, which made me think twice about how much I really needed that trip to Italy or the new floors.

    An unexpected project gave me a huge boost

    I stuck to that plan for the first few weeks of the year. Then, in February, I had a huge windfall. An occasional client explained they had a massive project that needed to be finished that month. At first, I thought it would be about $5,000 of extra income, and I was thrilled to be able to pay off a chunk of my debt.

    As the month went on, the project ramped up instead of slowing down, and I worked long hours daily. I felt glued to my computer, but by the end of the month, I had made almost $25,000 more than in a typical month. It all went to my credit cards.

    I feel like I have a clean slate and a better understanding of my financial goals

    Getting that project felt like a gift — a chance to right the wrong choices I'd made financially. I had $5,000 in credit-card debt left after that, and I'm following my budget to pay that off. That feels like a much more manageable amount, and I'll be able to pay it off this year.

    Now, I'm determined to use my clean slate to set up a solid financial future, not one built on debt. I'm already planning to increase the amount of money I put in my retirement plan and tackle my remaining student loans next year.

    Like most millennials, I can get distracted by the shiny spend-now, pay-later promise of credit cards. But after feeling overwhelmed by them and being lucky enough to escape, I know that the real goal is a future where I'm financially stable enough to fit major expenses into my cash flow, including the travel and home improvements that almost took me down. 

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  • NATO is finally giving Ukraine a shot at repelling Russia’s destructive glide-bomb attacks on a major city

    A HIMARS rocket launching.
    A rocket launches from a M142 High Mobility Artillery Rocket System in Ukraine's Donetsk region.

    • A number of NATO members have relaxed restrictions on Ukraine using their weapons to strike Russia.
    • The US and its allies have moved recently to allow Ukraine to hit targets across the border. 
    • The policy changes could help Ukraine repel Russian glide-bomb strikes in and around Kharkiv city.

    A handful of NATO countries have lifted the restrictions on Ukraine using their weapons to strike military targets inside Russia, giving Kyiv's forces new battlefield options that could help them defeat the highly destructive glide bombs they have so far struggled to stop.

    Ukraine had long been barred from using Western-provided weapons to strike beyond its borders, as many of its partners — including the US — were concerned that allowing Kyiv to do so would lead Russian President Vladimir Putin to escalate the conflict even further.

    Western positions on this issue have softened in the wake of Russia's ongoing offensive in the northeastern Kharkiv region, which began last month. Ukrainian officials argued the restrictions essentially prevented Kyiv from stopping the onslaught by giving Moscow space from which it could mass troops and launch glide bombs with impunity.

    Multiple NATO countries have now either partially or completely lifted their restrictions. Facing increasing pressure from Ukraine and its European partners, the US finally changed its long-held stance last week, allowing Kyiv to strike inside Russia — but only in the area near the Kharkiv region.

    Ukrainian gunners firing at Russian positions in the Kharkiv region.
    Ukrainian gunners firing at Russian positions in the Kharkiv region.

    Conflict analysts at the Institute for the Study of War think tank said "the provision of Western air-defense systems and the lifting of Western restrictions on Ukraine's ability to strike military targets in Russian territory with Western-provided weapons remain crucial for Ukraine to repel Russian glide bomb and missile strikes against Kharkiv City."

    "These policy changes will allow Ukrainian forces to use Western-provided systems to strike Russian firing and staging areas in Russia's border areas and airspace," the analysts wrote in a June 2 assessment.

    They said Ukraine's demonstrated ability to down Moscow's warplanes in front-line areas in past battles suggests Kyiv can likely find success again and protect Kharkiv city and the greater region from glide-bomb strikes launched from Russian airspace.

    Glide bombs have been a threat to Ukrainian forces throughout much of the war, but they have proven to be a significant problem in recent weeks as Russia used them to pound Kharkiv city and the surrounding area. Russian aircraft can launch these standoff weapons from the safety of their own airspace and out of the reach of Ukraine's air-defense systems.

    Law enforcement officers stand outside a supermarket after it was hit with two Russian glide bombs in Kharkiv on May 25, 2024.
    Law enforcement officers stand outside a supermarket after it was hit with two Russian glide bombs in Kharkiv on May 25.

    The only ways for Ukraine to defend troops and civilians from these bombs is to intercept the Russian aircraft before a launch or strike them on the ground. Kyiv has largely been unable to do this, but the policy changes — and the additional air-defense capabilities from the West — could help give the country more reach and resources to engage the threat.

    "Ideally, launch aircraft would be caught on the ground, but as a fallback, a surface-to-air missile (SAM) system like Patriot — with a range of around 100 miles (depending on the target) — could be pushed closer to the front line to shoot down Russian aircraft before release," Matthew Savill, the director of military sciences at RUSI, wrote in new commentary.

    He said that these "so-called 'SAMbushes' involve removing launchers from around infrastructure and putting them at greater risk of attack, but pose a challenge to Russian aircraft which currently fire from airspace where they believe themselves to be safe."

    Experts like Savill, however, have warned that the policy changes are not necessarily a silver bullet for Ukraine, and deep-strike capabilities alone won't be enough to win the war.

    Gunners from 43rd Separate Mechanized Brigade of the Armed Forces of Ukraine fire at a Russian position in the Kharkiv region on April 21, 2024.
    Gunners from Ukraine's 43rd Separate Mechanized Brigade fire at a Russian position in the Kharkiv region in April.

    The Biden administration's relaxing of its policy also comes with its limitations. Ukraine can only conduct cross-border strikes in Russian territory right around the Kharkiv region, and it is still barred from conducting longer-range strikes with its most powerful US-provided missiles. Kyiv must instead rely on American-provided rockets and artillery.

    Washington's guidance is "specifically focused on Ukraine's defense against military targets that are just over the border, and targets that Russia is using to physically launch offensives against Ukraine proper," White House National Security Council spokesperson John Kirby told reporters on Monday.

    The US policy prohibiting Ukraine from using its supply of MGM-140 Army Tactical Missile Systems, also known as ATACMS, or conducting long-range strikes inside Russia "has not changed," Kirby added.

    US officials have stressed that Washington could still make further adjustments to its policy, but it's ultimately dependent on evolutions on the battlefield. Whether the Biden administration will become even more lenient with its restrictions — following in the footsteps of some of its European allies — remains to be seen.

    M142 HIMARS launches a rocket on Russian position on December 29, 2023 in Ukraine.
    An M142 HIMARS launches a rocket on Russian position in December.

    Speaking in Prague on Friday, Secretary of State Antony Blinken said the "hallmark" of American support for Ukraine has been to "adapt and adjust as necessary to meet what's actually going on on the battlefield, to make sure that Ukraine has what it needs when it needs it, to do that deliberately and effectively."

    "That's exactly what we're doing in response to what we've now seen in and around the Kharkiv region," Blinken told reporters. "Going forward, we'll continue to do what we've been doing."

    Ukraine has already taken advantage of the new policy. On Monday, for instance, Kyiv reportedly used rockets fired from its US-provided M142 High Mobility Artillery Rocket System, or HIMARS, to strike Russian air-defense assets in the Belgorod region, which is just over the border from Kharkiv.

    According to media reports and open-source intelligence accounts, Ukraine struck Russian S-300/S-400 air-defense systems that have been repurposed for surface-to-surface applications and have been used in attacks around Kharkiv.

    Read the original article on Business Insider
  • Athletic Brewing CEO explains why he feels the term ‘sober’ is outdated

    Bill Shufelt
    The CEO of the leading non-alcoholic beer brand said the term "sober" is outdated.

    • The CEO of Athletic Brewing, Bill Shufelt, feels that the term "sober" is outdated.
    • "Why does there have to be a word for when you're not consuming" alcohol, Shufelt asked.
    • The CEO, who is in the alcohol-free beer business, argued for terms that allow for more flexibility.

    Bill Shufelt gave up alcohol over a decade ago and cofounded a non-alcoholic beer company several years later in 2017.

    Now, Athletic Brewing is reportedly the most popular non-alcoholic beer brand in the US, according to NielsenIQ data.

    But, Shufelt, who hasn't had a drink in over 10 years, finds the term "sober" outdated and a concept that society has largely outgrown, the CEO said in a podcast episode of The Logan Bartlett Show released on Friday.

    "Why does there have to be a word for when you're not consuming it," Shufelt said, in reference to alcohol. He said most people are sober most of the time, and said that there wasn't a term for people who abstain from energy drinks.

    Shufelt told Business Insider that the word "sober" was in use before prohibition and it became a word to define people who never drank after that period.

    "The perception is that most people are consuming alcohol anytime they leave their house for a social outing," Shufelt said. "But it turns out that way more people rarely drink versus those who drink daily or even weekly."

    Shufelt said that in modern life, alcohol fits into fewer occasions, and many Gen Z's are changing their drinking habits based on the availability of alternative options, not even necessarily because of a distaste for alcohol.

    The term "sober" is defined as abstaining from drinking or drugs, according to Merriam-Webster, but there are several variations in the way it's used today.

    Others more recently use the term "sober curious" to refer to an exploratory period where they cut down or abstain from drinking alcohol. Others call themselves "Cali sober" for ditching alcohol but using Marijuana.

    Shufelt brought up the term "flexitarian diet" in the podcast, which refers to when people eat meat occasionally on an otherwise plant-based diet. Whether people call themselves "flex sober" or say that they drink alcohol occasionally, Shufelt told Bartlett it should be a "much more flexible mindset these days."

    Shufelt has previously used the term "flex sober" to describe his consumers, 80% of whom still consume alcohol, according to a company spokesperson. Shufelt also said most adults have less than one drink per week and the alcohol-beverage industry is largely missing out on serving that cohort of people who drink alcohol minimally.

    Shufelt grew up facing pressure to drink in social and work-related settings, and he eventually started to rethink his life in terms of health, fitness, and career, a spokesperson said — and he found that alcohol was holding him back. Shufelt said in the podcast that alcohol was impacting his productivity and he didn't want to get to the point where he had children and was "blowing himself up on Friday."

    Shufelt co-founded Athletic Brewing Company right before the sober curious movement started to take off in 2018. That year, a survey from the University of Michigan indicated millennials and Gen Zers were drinking less than the last two generations.

    By 2021, beverage analysts told Business Insider that they expected the non-alcoholic beverage market to expand, and it has.

    The ongoing trend is about being more mindful and moderating drinking more than anything else, an Athletic Brewing Company spokesperson told Business Insider. The company doesn't suggest that people should cut out alcohol entirely, but it's about having an accessible option for people who may want to cut it out, or just cut back, the spokesperson said.

    For Shufelt, whose business revolves around convincing people to give non-alcoholic beer a try, he said going cold turkey and abstaining completely from alcohol was right for him at that time in his life.

    But, in hindsight, he wondered on the podcast if having a compelling non-alcoholic alternative to switch to after a regular beer when he was younger would have provided "an easy bridge" to moderation, and allowed for a more flexible approach.

    You can watch the entire interview with Shufelt below (his remarks around moderation and sobriety start at around the 1 hour, 2-minute mark).

    [youtube https://www.youtube.com/watch?v=wMyJgVvVkNQ?si=WMCkPZ_tlJp9-At4&w=560&h=315]
    Read the original article on Business Insider
  • About to retire? I’d buy these ASX dividend shares for income

    Happy couple enjoying ice cream in retirement.

    ASX dividend shares that provide a good dividend yield and a high level of reliability could be excellent investments for people about to enter retirement. However, some ASX shares aren’t very consistent.

    There is plenty to like about the large ASX iron ore shares of BHP Group Ltd (ASX: BHP), Rio Tinto Ltd (ASX: RIO) and Fortescue Ltd (ASX: FMG). These companies are increasing their exposure to decarbonisation and usually offer high dividend yields. Nonetheless, their payouts can bounce around significantly depending on what’s happening with the iron ore price.

    Hence, I’d rather invest in ASX dividend shares that can provide more consistent payouts, which is why I like the ones below.

    GQG Partners Inc (ASX: GQG)

    GQG is one of the largest listed fund managers. It’s based in the US and has four main investment strategies – US shares, international shares, global shares and emerging markets.

    Impressively, all of its main strategies have outperformed their respective benchmarks since inception. This level of performance organically helps the funds under management (FUM) grow and is an appealing selling point to attract more client FUM.

    In its monthly update for April 2024, the company revealed net inflows of US$6.3 billion for 2024 to date, helping bring its FUM to US$142 billion.

    The ASX dividend share has committed to a dividend payout ratio of 90% of distributable earnings. FUM growth is a significant input and driver of revenue and earnings, so FUM growth is integral to GQG’s success.

    At December 2023, the business had US$120.6 billion of FUM and it had grown over 17% to US$142 billion, suggesting further dividend growth over the 12 months. The estimates on Commsec suggest an annual dividend yield of over 7% for 2024 and more than 8% for 2025.

    Woolworths Group Ltd (ASX: WOW)

    Woolworths is the biggest retailer of food in Australia, with its national supermarket network. It also owns BIG W, a majority stake in PETstock, a food distribution business, and other smaller companies.

    Food is obviously one of the most vital purchases a household makes. Therefore, the ASX dividend share has very defensive earnings, which we saw during 2020 and 2021 as Australia grappled with COVID-19.

    Australia’s population continues to grow, which is a useful tailwind for increasing overall food demand.

    In the most recent quarterly update, the FY24 third quarter, Woolworths reported total sales growth of 2.8% despite 0.7% deflation in the supermarkets of shelf prices (excluding tobacco). I think this shows the ability of the business to keep growing even in tougher conditions.

    Woolworths increased its annual dividend in FY23 and grew the FY24 half-year payout by 2.2%.

    According to the estimate on Commsec, Woolworths is projected to pay a grossed-up dividend yield of around 5% in FY24.

    The post About to retire? I’d buy these ASX dividend shares for income appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Gqg Partners Inc. right now?

    Before you buy Gqg Partners Inc. 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 Gqg Partners Inc. 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 Tristan Harrison has positions in Fortescue. 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.

  • How ASX shares vs. property performed in May

    Real estate agent and client exploring property.

    The big news in shares vs. property is Brisbane overtaking Canberra as Australia’s second-most expensive city, with the median home value in the Sunshine State’s capital rising 1.4% last month.

    The last time Brisbane was the second highest-value capital city in Australia was 27 years ago, in 1997.

    The national median home value, which reflects all types of property in a single data point, rose for a 16th month, up 0.8%, according to CoreLogic data. The median house and apartment prices lifted 0.8% as well.

    Meantime, the S&P/ASX 200 Index (ASX: XJO) rose 0.49%, thus recovering only a sliver of its 3% loss in April. But as usual, some stocks shot the lights out, including an ASX biotech that screamed 20.6% higher.

    CoreLogic research director Tim Lawless said the May increase in the median home value was the strongest monthly gain since October 2023.

    A lack of stock for sale in the strongest markets, which continue to be the mid-sized capital cities, once again powered the national benchmark increase.

    Lawless commented:

    The number of properties available for sale in Perth and Adelaide remain more than -40% below the five-year average for this time of the year while Brisbane listings are -34% below average.

    Inventory levels in these markets remain well below average despite vendor activity lifting relative to this time last year.

    Fresh listings are being absorbed rapidly by market demand, keeping stock levels low and upwards pressure on prices.

    Perth, Adelaide and Brisbane recorded the highest home value growth in May at 2%, 1.8%, and 1.4%, respectively.

    Among the regional markets, regional Western Australia dominated with 1.8% growth, followed by regional South Australia with 1.4%, and regional Queensland with 1.1%.

    Shares vs. property price growth in May

    Here’s how shares vs. property performed in terms of house price growth and share price growth in May.

    Property market Median house price Price growth in April 12-month price growth
    Sydney $1,441,957 0.5% 8.2%
    Melbourne $937,289 0% 1.9%
    Brisbane $937,479 1.4% 16%
    Adelaide $811,059 1.7% 14.3%
    Perth $769,691 2% 22.2%
    Hobart $697,770 (0.5%) (0.1%)
    Darwin $584,538 0.7% 3.8%
    Canberra $961,403 0.5% 2.8%
    Regional New South Wales $762,506 0.4% 4.2%
    Regional Victoria $603,432 (0.3%) (0.6%)
    Regional Queensland $634,988 1% 11.7%
    Regional South Australia $430,389 1.5% 10.7%
    Regional Western Australia $519,311 1.8% 15.2%
    Regional Tasmania $534,801 0.1% 0.1%
    Regional Northern Territory $450,431 0% (6.1%)
    Source: CoreLogic

    Top 5 risers of the ASX 200 in April

    The S&P/ASX 200 Index (ASX: XJO) lifted 0.49% in May.

    According to CommSec data, these 5 ASX 200 shares were the outperformers.

    ASX 200 share Share price growth in May
    Telix Pharmaceuticals Ltd (ASX: TLX) 20.6%
    PEXA Group Ltd (ASX: PXA) 19.3%
    Alumina Ltd (ASX: AWC) 16.6%
    Pinnacle Investment Management Group Ltd (ASX: PNI) 16.3%
    A2 Milk Company Ltd (ASX: A2M) 16.1%
    Source: CommSec

    What drove the Telix Pharmaceuticals share price higher?

    News released by Telix Pharmaceuticals on the final day of the month pushed the biotech share to the top of the ASX 200 group. The Telix Pharmaceuticals share price soared 15.31% on 31 May alone.

    Telix is a commercial-stage biopharmaceutical company. It develops diagnostic and therapeutic products to treat cancer with new precision using targeted radiation.

    Its diagnostic imaging can precisely locate the cancer. Its therapeutics can then deliver isotopes directly to affected cells, thereby protecting healthy tissue.

    On 31 May, the company announced additional positive data from its ProstACT SELECT trial of TLX591.

    TLX591 is a treatment for adult men with PSMA-positive metastatic castrate-resistant prostate cancer.

    Telix said the study reported a median radiographic progression-free survival (rPFS) of 8.8 months.

    This builds on prior data from the trial showing a favourable safety profile and biodistribution.

    Dr Nat Lenzo, a nuclear oncologist and lead recruiter for the SELECT trial, said:

    We are encouraged by this rPFS result …

    This is a compelling signal of the potential efficacy of TLX591 in this heavily pre-treated population.

    The results further support the development of this candidate in an earlier mCRPC patient population which is the focus of the ProstACT GLOBAL7 Phase III trial and where there remains significant unmet need for effective treatment.

    Telix shares also rose by 2.53% on 22 May when the company held its annual general meeting.

    In a speech, Telix Chair Kevin McCann said:

    Despite all that we have achieved, there is plenty more to come. Indeed, it is the view of Management that 2024 is going to be the biggest year yet for Telix.

    By the end of the year, we expect to have launched new products and territories, reported several key development milestones for our therapy programs and progressed some of our very exciting “next generation” assets – such as TLX592 and TLX300.

    The post How ASX shares vs. property performed in May appeared first on The Motley Fool Australia.

    Should you invest $1,000 in The A2 Milk Company Limited right now?

    Before you buy The A2 Milk Company 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 The A2 Milk Company 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 Bronwyn Allen has positions in Alumina. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended PEXA Group, Pinnacle Investment Management Group, and Telix Pharmaceuticals. The Motley Fool Australia has positions in and has recommended Pinnacle Investment Management Group. The Motley Fool Australia has recommended A2 Milk and Telix Pharmaceuticals. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • I’m a British mom living in the US. In the UK kids get a shorter summer break and have mandatory uniforms.

    Three children in the UK sitting at a table wearing school uniforms.
    Most kids in the UK wear a school uniform.

    • I'm British, and my kids go to school in the US, where we live.
    • There are notable differences between the education system in America and my native UK.
    • I envy the British version because it is much easier for children — and their parents.

    When my British friends ask what it's like to educate my kids in the US, the first issue they raise is the risk of school shootings.

    Last year, no fewer than 21 people died, and 42 were injured in incidents of gun violence in and around American schools.

    In contrast, the last school shooting in the UK — when a gunman murdered 16 elementary students and a teacher — happened in 1996. As a result, the public called for tighter gun controls, which the British government enforced.

    My friends' next question is often related to academic achievement.

    In 2018 — the most recent year the research was performed — the Programme for International Student Assessment (PISA) ranked the overall knowledge and skills of British 15-year-olds as 13th in the world in reading, literacy, mathematics, and science.

    The same assessment found that 15-year-olds in the US were ranked 25th globally.

    It's difficult to compare public school systems forensically because of the countries' vastly different populations and government infrastructures.

    However, feedback from my British friends has convinced me that the setup in the UK is more user-friendly for kids and parents.

    Here are three key reasons.

    Kids in the UK start school as young as 4

    By law, children in the UK enter the publicly-funded British school system as young as 4.

    Most begin full-time classes in "reception" — the first step on the educational ladder — in the September after their 4th birthday. Research has consistently shown that early childhood education helps kids develop academically and socially.

    It also relieves a huge financial burden on working parents, who no longer have to pay babysitters or nursery schools for private childcare.

    The age at which American parents are mandated to send their children to school depends on the state. In New York, for example, they are only obliged to attend by law after first grade.

    School breaks are better spread out in the UK

    My friends in the UK can't believe my kids have an entire 10-week summer break from school.

    "What on earth do you do with them for 10 weeks?" my daughter's godmother once asked. She grimaced when I told her we fork over thousands of dollars for day and sleep-away camps.

    Almost every child in Britain gets a six-week summer break, two weeks at Christmas and two weeks at Easter. There is usually a one-week "half-term" in February, May, and October.

    Responding to parents' complaints about the length of the standard summer break, some education authorities reduced it to five as an experiment. The extra week was added to the May half-term, giving kids 10 days off instead of five in the Spring.

    Kids wear uniform

    Most government-run schools in the UK require students to wear a school uniform. The protocols contrast those in the US, where most public school kids can wear what they want to class — albeit within reason.

    As a mom whose teens can waste hours picking an outfit to wear every morning, I'd like uniforms to be compulsory nationwide. I'm tired of the endless arguments over what clothes are "appropriate" or not.

    Meanwhile, I shudder when I hear about "elite" cliques of high schoolers dressed head to toe in Lululemon. I can't bear to think of a kid being bullied because they're wearing something from Old Navy instead.

    A friend said her kids wear what they want for a few designated days on the UK school calendar, such as the last day of term. "The stress of competitive dressing is high-octane," she said.

    Uniforms are not only levelers but also support the idea of a community or team. Kids look more put together in a uniform, and it's good training for entering a profession.

    Do you have a powerful story highlighting the differences between education in the US and other countries? If you'd like to share it with Business Insider, please send details to jridley@businessinsider.com.

    Read the original article on Business Insider
  • Google Scholar: How to use the database of academic literature for research, citations, alerts, and more

    A woman works on a laptop in a library, surrounded by books.
    Google Scholar is a search engine specifically for academic literature, featuring journal articles, scholarly books, and more.

    • Google Scholar is a searchable database of academic literature.
    • It connects users with studies and journal articles on nearly any topic of scholarly interest.
    • Google Scholar is free to search, but some of the results may require payment or membership to read.

    Google Scholar is a search engine Google created to parse though a massive database of scholarly literature, looking for the best matches for your search terms.

    Google Scholar was released in beta form in late 2004, and soon used far and wide by students, researchers, authors, and others. The search engine not only grants users to access vast troves of information, but it also makes it easy to cross reference things against other sources and keep up with the latest research as it is published.

    And what you won't get on Google Scholar are search results from non-academic sources like personal blogs, social media posts, YouTube videos, or other less substantive and reliable sources. 

    If you want fun and games, go with Google Games; if you want scholarly research, stick with Google Scholar.

    Using Google Scholar, found at scholar.google.com, you can access these kinds of sources (and more):

    • Journals
    • Conference papers
    • Academic books
    • Pre-prints
    • Theses and dissertations
    • Abstracts
    • Technical reports

    Here's everything you need to know about the powerful research tool:

    How to use Google Scholar

    Anyone can access the search database. And while it's built with college and grad students, researchers, and other academics in mind, anyone can reap its benefits.

    A screenshot of Google Scholar's home page shows an empty search bar and the phrase "Stand on the shoulders of giants" underneath.
    Type any academic topic into the search bar to get started with Google Scholar.

    Here are just a few examples of what you can do through Google Scholar: 

    • Create alerts. Google Scholar is for creating a body of research around a topic of interest, such as global warming, let's say. Much like with the standard Google Alerts, you can create alerts for the topic so you're always up-to-date on the latest info.
    • Explore related works. You can gain deeper knowledge of any topic in which you're interested by exploring related citations, authors, and publications, as identified by Google Scholar.
    • Check out the References section. Accessing an article's References section can help you branch out your research to see what sources an author used for their paper. 
    • Save articles to your library. Saving your searches to your Google Scholar library helps you organize and keep track of your favorite results. 
    • Cite articles in your preferred format. On the search results page, click the Cite button; the pop-up window will offer citations ready in whichever style you need, like MLA, APA, and Chicago.
    A screenshot of the Google Scholar results page for the search query "biomechanics of running" shows the "Cite" button under an article emphasized with a red box and arrow.
    Click "cite" and a pop-up window will give you the citation in different styles.

    Accessing information 

    Google Scholar is free to use as a search tool. However, since it pulls information from many sources, it's possible that some of the results you pull up will require a login or even a payment to access the full information.

    Whether an article is free depends on a variety of factors, like the publication and its funding agency mandates. Go to the Public Access section of the Google Scholar profile to view its mandates — if a free version is available, you'll see an HTML or PDF link on the right side. 

    Still, descriptions or abstracts are typically free and provide an overview of the article's content so you can make an informed decision about whether to spend money. 

    Remember that not all scholarly research is created equal — different journals have different standards for publication. Not every article listed on Google Scholar will be peer-reviewed (a peer review is when the author's fellow researchers and scholars in the same field review the article's content for research quality). 

    To find out whether a research article on Google Scholar is peer-reviewed, the best strategy is to visit the website of the journal the article is published in. Most peer-reviewed journals will explicitly state they are peer-reviewed.

    Search tips and best practices 

    • Sort your searches by date (or specify a starting date) to find the newest, most relevant data. At the top left corner of the search results page, you can choose to search for articles published "Any time," since a given year, or in a custom range of year — say between 2015 and 2020, were you to want to research a topic without the effects of the COVID-19 pandemic coloring it. 
    • Look out for the keywords "all versions," "related articles," and "cited by" to include free versions of articles in your search results; you should look for PDFs and postings by libraries.
    • Look through an article's references to gain a deeper understanding of a topic.
    • Check out metrics like the h-index to see the output and impact of a researcher or publication.

    Overall, Google Scholar provides an excellent avenue into scholarly research, and while it does have its drawbacks, it's a tool that can be used to help clarify, explore and inform users about a wide variety of topics. 

    Just as Google Earth can help guide you around the planet and Google Translate can demystify other languages, Google Scholar can unlock the world of academia for all.

    Read the original article on Business Insider