• A bridesmaid says she’s out $3,200 for the wedding, and if she did everything the bride wanted, she’d probably have to move

    Bridesmaids
    One-third of bridal party members said they went into debt for the wedding.

    • Bridesmaids spend an average of $1,900 being part of a bridal party, according to The Knot.
    • A 2019 study found a third of bridal party members went into debt to cover related expenses.
    • One bridesmaid told The Cut she is spending $3,200 on her friend's wedding this summer.

    It's not unheard of these days for a wedding to cost as much as a down payment on a home — but what about the people attending or standing up in the nuptials?

    A study by The Knot found that wedding guests in 2023 spent an average of $580 to attend a wedding, while a 2019 study found a third of people who were part of a bridal party went into debt to cover all the related expenses.

    According to data compiled by The Knot, the average amount spent on being a bridesmaid was $1,900, which included the costs of a bridal shower gift, the bachelorette party, the bridesmaid dress, wedding gift, and hair and makeup.

    Three bridesmaids who say they are going into debt just to be part of their friends' weddings shared their stories with The Cut this week.

    Deena, a 28-year-old manager at a nonprofit, told the outlet she's expecting to spend $3,200 to be a bridesmaid at the destination wedding of a college friend whose family is wealthy.

    "I'm drowning aside from this wedding, too — I have $19,000 of other debt from student loans and credit cards and medical bills. If I spent everything that Ally wanted me to, I'd probably have to move," she said, referring to the bride.

    Deena told The Cut the expenses included a $550 bridesmaid dress, $1,200 hotel stay, and flights that are unlikely to cost less than $380 — and that was just for the wedding.

    When she learned the bachelorette party would be another $750 just for her share in the rental home, she told the organizer she couldn't afford it.

    "Finally, we worked out a plan where I'm paying in increments. And everyone is treating me like a charity case who's also a bad friend and making everything difficult," she told The Cut.

    Deena said she's getting shamed for not being able to afford everything, and that another bridesmaid even asked her, "What if you give up takeout for a month?"

    The other two bridesmaid stories shared with the outlet were just as jarring. One said she spent $2,000 and put it on her credit card. The other said her total expenses for being in a friend's wedding were $6,000, or about 10% of her take-home pay.

    "How much to spend on your own wedding is your business, of course," Charlotte Cowles, the financial advice columnist at The Cut, wrote. "But before you rope your dearest friends into your vision, maybe take a moment to consider what they can afford."

    Read the original article on Business Insider
  • Should you manage your own superannuation?

    A mature age woman with a groovy short haircut and glasses, sits at her computer, pen in hand thinking about information she is seeing on the screen.

    Almost all of us would have a superannuation fund. After all, it’s a lawful requirement that any Australian citizen or permanent resident who is employed must be paid superannuation. This super in turn must be paid into a specific super fund for our retirements.

    Most Australians utilise the services of an external super fund provider for this purpose. There are hundreds of superannuation funds that manage Australians’ money on their behalf. But some of the most popular include AustralianSuper, Australian Retirement Trust, Aware Super and REST.

    However, some Australians prefer to manage their own superannuation through a self-managed super fund (SMSF). Those who choose to use an SMSF have to front up all of the (not insignificant) costs of managing their own superannuation. But in return, they get complete control over what assets their retirement savings are invested in.

    According to Australian Taxation Office (ATO) data released earlier this year, SMSFs made up 25% of all superannuation assets in Australia as of 30 June 2023. There were 610,000 SMSFs operating in Australia as of that date.

    Many ASX investors might like the sound of running their own super funds. At the end of the day, super is still our money. So today, let’s discuss who should manage their own superannuation.

    Who should manage their own superannuation with an SMSF?

    The idea of taking direct control of one’s super retirement fund might sound empowering. However, there are some important considerations to keep in mind.

    First, running your own SMSF is expensive. A super fund has to be structured as a trust, and trusts have to periodically pay expensive licensing and regulatory fees.

    It will only be cheaper to manage your own super if you’re assets are above a certain threshold. Here at the Fool, we’ve discussed how having at least $200,000 in super assets before starting an SMSF is essential. Having less than that can end up costing you more in fees compared with leaving your money in an external super fund. What’s more, you might need even more than that if you wish to match the long-term returns of your average external super fund.

    Further, since you will be responsible for your own super, you will lose important protections that other Australians enjoy, like theft or fraud protection. No one is going to bail you out if you make a poor investment decision and lose money in your super fund. Running an SMSF might also mean that your insurance regarding premature death or disability might be affected or voided.

    Finally, running your own super requires a huge amount of time. The government estimates that SMSF trustees spend more than eight hours a month (or over 100 hours a year) managing their SMSFs. That’s probably 100 times more than your average Australian.

    Foolish takeaway

    Running your own super fund with an SMSF might sound empowering or glamorous. But it requires a lot of time, money and discipline. There are also significant downsides that you should be aware of.

    So, it’s probably a good idea to seek professional financial and taxation advice before establishing your own super fund.

    The post Should you manage your own superannuation? appeared first on The Motley Fool Australia.

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    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.

  • Google Pay: How to use it, pros and cons, is it safe?

    A mobile phone displaying the Google Pay logo sits on top of an open notebook.
    Google Pay is a payment platform that connects to your Google account and uses your existing credit or debit cards to make payments.

    • Google Pay is a digital payment platform that uses your credit and debit cards to make purchases.
    • You can use Google Pay with the Google Pay or Google Wallet app.
    • Google Pay is safe, due to tokenized transactions and your phone's passcode and facial or touch ID.

    Google Pay is Google's digital payment service that you can use to make mobile payments using your phone, watch or tablet. It's connected to your Google account and lets you securely use your existing credit cards to pay for purchases at stores or online. 

    And while Google Pay is the name of the payment platform, you have a choice of which app you want to use to actually make mobile payments — Google Pay or Google Wallet. Google CEO Sundar Pichai announced Google Pay's redesign in 2020, saying the app made it "simpler to pay securely, organize finances, save money + more."

    Here's everything you need to know about using Google Pay.   

    Getting started with Google Pay

    To get started with Google Pay, you need to install either the Google Pay or Google Wallet app. Android users should choose Google Wallet; it offers a lot of additional features, such as the ability to store ID cards, loyalty cards, event tickets and passes, transit cards, and more. Not unlike Apple Wallet on iOS devices, it's a convenient way to store almost anything you'd carry in a traditional wallet right within your mobile device. 

    Google Pay, on the other hand, is focused exclusively on letting you make mobile payments. The Google Pay app is being discontinued on June 4, 2024, so you should probably just go directly to the more useful Google Wallet. That said, Google Wallet isn't yet available for iOS users. So for now, if you have an iPhone, you need to stick with the Google Pay app.

    How to use Google Pay

    A screenshot of the Google Pay mobile app shows a button titled "Add an account" that users can click to add payment methods.

    After installing Google Pay or Google Wallet, you need to log into your Google account and then add one or more payment methods, like a credit or debit card. 

    Once you've added at least one card to your Google Pay account, you can make mobile payments in stores. At the store's checkout, look for signs that the terminal accepts Google Pay or tap-to-pay credit cards. Then unlock your phone, hold it near the payment symbol, and wait for the confirmation that the payment has been made — you don't even have to start the app.  

    If you have more than one payment method set up in Google Wallet, you can choose which one to use at checkout. To do that, start the app when you reach the checkout and swipe through the cards until you reach the one you want to use. Then hold the phone to the payment terminal as usual to complete the transaction. 

    You can also use Google Pay to scan barcodes and QR codes — the app uses Google lens, and you can use it to look up price information or make an online payment.

    You can also allow people to search and find you in Google Pay to pay you — and you, in turn, can search for people or businesses with a Google Business Profile.

    Google Pay is free

    The good news is that Google Pay is free to use. The Google Pay and Google Wallet apps are free to download, and there's no subscription or service fee to use the service to make mobile payments. 

    Of course, that doesn't mean that purchases you make with Google Pay are completely free. Google Pay lets you make payments through your credit cards, debit cards, and bank accounts, so if you would ordinarily pay interest or a fee when using a card, you'll still pay that fee when using it through Google Pay. You simply won't pay anything additional for the privilege of using Google Pay.

    Google Pay is safe

    Surprisingly, Google Pay is safer and more secure than using a credit card, and for a number of reasons. First and foremost: Google Pay purchases are tokenized, which means that the service sends your credit information using a unique code for each purchase. If the information could be intercepted, it would not be useful to a thief or hacker, because your credit card information isn't present. 

    Perhaps even more important, though, is the physical security that Google Pay offers. If your actual credit card is lost or stolen, it can potentially be used to make purchases, at least until you notify the credit company and cancel the card. But when using Google Pay on your phone, your credit card information is protected behind a passcode or biometrics like facial recognition. 

    The pros and cons of using Google Pay

    A woman holds her smartphone up to a payment reader to make a contactless payment.
    Not all retailers accept Google Pay. Small businesses and independent stores may still require your physical credit or debit card.

    One advantage of Google Pay is that it's integrated with a number of other popular Google products. For instance, Google Flights offers a price guarantee where Google will pay you the difference if the price of your flight drops after you book it — you just have to have a Google Pay account.

    The bottom line is that there are both pros and cons to using Google Pay. Not only is Google Pay a safe and secure payment system, but it's broadly compatible with many retail stores — just look for the Google Pay or tap-to-pay symbol at checkout. And via the Google Wallet app, Google Pay does a lot more, letting you store transit cards and boarding passes, loyalty cards, and more all in one place. 

    Even so, there are some disadvantages to Google Pay as well. As pervasive as Google Pay is at retailers, especially in large cities, it's far from ubiquitous. Especially in smaller locales and at independent stores, you might have trouble using Google Pay to make purchases. That means you still need to carry a physical credit card, at least as a backup, which can defeat the purpose of using Google Pay to begin with. 

    With the forthcoming end of the Google Pay app, Google is also leaving Apple users out in the cold. That means Google Pay could be an Android-only service starting in June 2024, unless Google releases a Google Wallet app for the iPhone. 

    Read the original article on Business Insider
  • A 16-year-old took home $75,000 for her award-winning discovery that could help revolutionize biomedical implants

    A girl in a blue shirt with long dark hair stands in front of a science fair poster
    Grace Sun took home the Regeneron International Science and Engineering Fair's biggest prize for her work on OECT.

    • Grace Sun, a 16-year-old from Kentucky, won $75,000 for her research on biomedical devices.
    • She took home the top prize at the ISEF — the "granddaddy of all science fairs."
    • Her work on organic electronic devices aims to make medical implants safer and more effective.

    Grace Sun can't drive yet. Unlike many 16-year-olds, getting her license hasn't been her top priority. Instead, she's been busy working on a project to revolutionize biomedicine.

    The high schooler from Lexington, Kentucky, developed a new technique to improve organic electronic devices. The technology could someday make medical implants significantly more compatible with human bodies and far less invasive. It could also lead to new early-diagnosis tools for a wide variety of diseases.

    On Friday she won $75,000 for her research.

    "They called my name. I thought they got the wrong person. I was like, is there another Grace up here?" Sun told Business Insider backstage at the Regeneron International Science and Engineering Fair (ISEF) awards ceremony.

    Her hands were trembling and a huge smile beamed across her face. Just minutes before, rainbow confetti had exploded behind her on stage in front of hundreds of her peers, while lights flashed and peppy music boomed over the audience. She suddenly held a trophy in her hands.

    "I'm in disbelief because of how good everyone else is," she said.

    Despite the exhilaration, though, Sun easily slipped into a calm and authoritative demeanor to explain her research, which focused on organic electrochemical transistors, or OECTs.

    "They have performance issues right now," she said of the devices. "They have instability in the body. You don't want some sort of implanted bioelectronic to degrade in your body."

    But OECTs have huge potential. Compared to other devices made of silicon, they're soft and flexible. That makes them a better fit for heart and brain implants.

    "They're so much more accurate, their speed is higher, their performance is higher because they consider signals in the body that previous electronics haven't considered. They're also safe because they're made of organic materials," she said.

    She hopes that her work improving their performance can be a first step to commercializing them and getting them into wide use, within the next two decades.

    Sun won the Olympics of science fairs

    ISEF is the world's biggest pre-college STEM competition, run by the Society for Science. It's like the Olympics of science or the "grandaddy of all science fairs," said judging chair Christopher Gould.

    Nearly 2,000 students spent the week in Los Angeles attending talks, mingling, and defending their research to judges. The event doled out $9 million in awards this year — its largest purse yet. But Sun took home the biggest sum with the $75,000 George D. Yancopoulos Innovator Award.

    "This was our number one project, without a shadow of a doubt," Ian Jandrell, a judging co-chair for the materials science category at ISEF, told BI about Sun's research. He oversaw hours of discussion among the materials-science judges.

    "It was crystal clear that that room was convinced that this was a significant project and worthy of consideration for a very top award because of the contribution that was made," he said.

    Research at ISEF is not peer-reviewed, so it's not held to the standard that studies published in journals like Nature or JAMA must meet. Instead, ISEF encourages students to learn about the scientific process by doing it themselves and defending their work.

    Jandrell said the judges were impressed by "the sophistication and the diligence" of Sun's research and her ability to explain it and respond to questions on the spot.

    "It's the whole package," he added.

    Long days in a university lab

    A girl in blue shirt with long dark hair holds a small OETC device that looks like a small clear square with white inside
    Grace Sun holds an OECT device that helped her win the ISEF science fair.

    Sun has been working on her project for over six months. It took long hours, and much of it needed to be done in a lab at the University of Kentucky. The devices she worked on were tiny, small enough to fit on your thumb.

    For a few weeks, she left school three hours early to work in a lab for another five hours. Luckily, her teachers were understanding about why she needed extensions on some of her assignments.

    Sun engineered a new technique to improve the devices' performance and take them closer to commercial use. In the research that snagged the five-figure award, Sun tried "doping" the OECTs — introducing chemical impurities to see how they affected the device's electrical properties — with a series of organic salts.

    She found that one salt, called tetrabutylammonium chloride, was especially effective because it improved the device's amplification abilities, sensitivity, signal-to-noise ratio, and switching speed.

    These qualities are important because they improve overall performance, which could one day help create biomedical devices capable of detecting early hints of disease in your body's biochemical makeup.

    The salt that Sun tested improved amplification performance by 97% and switching speed by 77%, Sun found. "These are significant numbers," Jandrell said.

    Sensitive OECTs could detect proteins or nucleic acids that correspond with the disease long before traditional symptoms appear. Sun imagines OECTs embedded in clothing to monitor swea or used to accurately test blood-alcohol levels before you drive.

    Eventually, OECTs could lead to new technologies that replace invasive implants like pacemakers.

    As for Sun, she sees a future for herself in chemical engineering to help improve medicine.

    "Hopefully I can make some sort of commercializable breakthrough, like what I'm trying to do now with these devices," Sun said. "If possible, I do want to start a business so that I can get them into the real world in industries to impact more people directly."

    Read the original article on Business Insider
  • Yemen’s Houthi rebels are menacing ships on the high seas

    A French helicopter shot down a Houthi attack drone in the Red Sea in March. Houthi rebels have since used their UAVs to threaten ships far beyond the Red Sea.
    A French helicopter shot down a Houthi attack drone in the Red Sea in March. Houthi rebels have since used their UAVs to threaten ships far beyond the Red Sea.

    • Commercial ships have diverted from the Red Sea over the Houthi missile threats. 
    • The Houthis showed in late April they can strike ships in the Indian Ocean.
    • "By disrupting shipping, the Houthis can impose costs on the global economy," a naval expert said.

    Houthi militants showed in late April that they can expand their war on international shipping far beyond the Red Sea.

    The container ship MSC Orion came under a drone attack on the night of April 26 as it was steaming in the Indian Ocean southeast of the Horn of Africa, the continent's eastern-most tip. The attack only caused minor damage and did not harm any crew. But the distance involved was unprecedented.

    The Houthis have wreaked havoc against international shipping in the Red Sea with ballistic missiles and exploding drones, and threatened in March they could menace ships that avoided this route by going around Africa's southern Cape of Good Hope, a much longer and more expensive voyage.

    "The Houthis have drones that can travel more than 1,000 nautical miles, such as the Shahed series of propellor-driven drones," Bryan Clark, a senior fellow at the Hudson Institute and expert on naval operations, told Business Insider. "Their ballistic missiles have ranges of more than 600 [nautical miles]."

    The long-range attack on the Orion appears to have been a one-off but is still unprecedented, an expert on drone warfare said.

    "The attack was different in the fact it was achieved over a greater distance than previous attacks on international shipping," James Patton Rogers, the executive director of the Cornell Tech Policy Institute, told Business Insider. "This shows advances in range, command and control, and accuracy, all of which are occurring despite US-UK efforts to degrade the group."

    Rogers believes the Houthis may have used a long-range Shehab drone in the attack.

    "Until now, the Shehab drones have proven vulnerable to air defense and unreliable," Rogers said. "As such, if Shehab drones were used in the strikes, which the video evidence appears to show, then it would mark an increase in the reliability and destructive precision of these drone systems."

    He noted that the Shehab's reported range of 990 miles puts it "well within range" of international shipping. The US and EU have stood up naval task forces to guard ships in the Red Sea, but merchant ships far outside of these air defense umbrellas have no defense against an attack drone.

    "Yet these are not the only systems available to the so-called' axis of resistance' groups," Rogers said. "The Samad (1500km/932 miles) and potentially the Shahed (2000km) family of drones all have the range to strike these targets."

    The British-registered cargo ship 'Rubymar' sank in March after it was targeted by Yemen's Houthi forces in the Red Sea.
    The British-registered cargo ship 'Rubymar' sank in March after it was targeted by Yemen's Houthi forces in the Red Sea.

    Searching and targeting ships in international waters is also another escalation from the group's attacks near the Red Sea. The Houthis are most likely exploiting the self-reporting of merchant ships to target them.

    "The Houthis appear to be using AIS (Automatic Identification System) data to geolocate their targets and use GPS to guide their drone to the approximate area," Clark said. "Reportedly, drones like the Shahed series have anti-radiation seekers they can use to drive into emitting targets like air defense radars."

    The Orion stopped transmitting its AIS after the April 26 attack, likely to prevent the Houthis from tracking the ship for a second strike. Clark also believes ships like the Orion may opt for "going dark" for segments of their voyage to avoid being tracked. Ships smuggling Russian oil have done this since the start of the current Ukraine war in 2022.

    There are some ways these ships can evade such attacks or, if necessary, physically fend them off.

    "They could turn off their AIS and radar, which would make them hard to find in the open ocean of the Eastern Mediterranean," Clark said. "Once they enter the Red Sea, though, ships can be tracked by spotters ashore or on boats or using mobile Houthi radars ashore. In that case, shotguns or high-power microwave counter-drone weapons would be needed."

    Ships may opt for alternative or longer routes to avoid these attacks, and while this may reduce the number of attacks, that would also have a disruptive impact on shipping of the kind the Houthis would welcome.

    "The easiest, although more expensive, way to address this threat is to avoid it," Clark said. "Unfortunately, that is what the Houthis want. By disrupting shipping, the Houthis can impose costs on the global economy and put pressure on Israel."

    US forces targeting the Houthis in February encountered an undersea drone for the first time and successfully struck it.

    "There are few details about the Houthi's underwater drone capacity, but what there is suggests the drones are slow-moving and more useful against stationary targets, ships vulnerable in dock," Rogers said. "Nevertheless, with the rate of Houthi advances, and increases in speed, control, and maneuverability in-transit, international shipping could soon prove vulnerable."

    Clark doesn't see undersea drones posing much of a threat to ships on the high seas.

    "Undersea drones are really only a threat in narrow waters like the Red Sea where the range to shore is short," Clark said. "Undersea drones can only travel a few knots and therefore cannot catch up to a cargo ship. The drone has to intercept the target, which requires knowing where the target is going, such as in a narrow waterway."

    Rogers believes the broader implications of the Orion attack are already clear.

    "Violent non-state groups are not only able to strike shipping hundreds of miles from shore, but they are able to pass this technology on to other groups allied with the cause or willing to pay a price," Rogers said.

    "In essence, we have reached a stage where the proliferation of this capacity is uncontrolled and unchecked, potentially bringing international shipping and global supply chains under increased threat globally."

    Read the original article on Business Insider
  • Buy these 4 ASX ETFs for income, growth, or mining exposure

    ETF spelt out

    Due to the growing popularity of exchange traded funds (ETFs), there are now countless options out there for investors to choose from.

    For example, whether you’re looking for income, growth, or mining sector exposure, there’s an ASX ETF out there for you.

    Let’s now take a look at four ETFs that cover these areas of the market:

    BetaShares Global Cybersecurity ETF (ASX: HACK)

    The first ASX ETF we are going to look at is for growth investors. It is the BetaShares Global Cybersecurity ETF, which provides investors with exposure to the rapidly growing cybersecurity sector.

    Given how demand for cybersecurity services is expected to grow strongly over the coming decade as cybercrime becomes even more prevalent, this could be a great place to invest.

    Among the companies included in the fund are industry leaders such as Accenture, Cisco, Crowdstrike, and Palo Alto Networks.

    Betashares Global Uranium ETF (ASX: URNM)

    If you’re more interested in gaining exposure to the mining sector, then the Betashares Global Uranium ETF could be worth a look.

    It aims to track the performance of an index that provides exposure to a portfolio of leading companies in the global uranium industry.

    Betashares highlights that as nuclear power is increasingly being accepted as a safe, reliable, low-carbon energy source, demand for uranium is expected to increase materially in the future. This bodes well for the companies included in the fund such as Boss Energy Ltd (ASX: BOE) and Paladin Energy Ltd (ASX: PDN).

    ETFS Battery Tech & Lithium ETF (ASX: ACDC)

    Another option for mining sector exposure is the ETFS Battery Tech & Lithium ETF.

    It provides investors with access to companies throughout the lithium cycle. And with lithium stocks down heavily over past 12 months, now could be a good time to invest if you’re bullish on the long term demand outlook for lithium.

    Among its holdings are Mineral Resources Limited (ASX: MIN), Nissan, Pilbara Minerals Ltd (ASX: PLS), Renault, and Tesla.

    Vanguard Australian Shares High Yield ETF (ASX: VHY)

    Finally, if you are looking for a source of income, then you may want to look at the Vanguard Australian Shares High Yield ETF.

    It provides investors with easy access to many of the best ASX dividend shares on the Australian share market. Importantly, this is done with diversity in mind, limiting how much it invests in any particular industry or company.

    Among its holdings are giants such as BHP Group Ltd (ASX: BHP), Coles Group Ltd (ASX: COL), and Commonwealth Bank of Australia (ASX: CBA). At present, the ETF trades with a dividend yield of 4.9%.

    The post Buy these 4 ASX ETFs for income, growth, or mining exposure appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Global X Battery Tech & Lithium Etf right now?

    Before you buy Global X Battery Tech & Lithium Etf 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 Global X Battery Tech & Lithium Etf 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.*

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    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 positions in and has recommended Accenture Plc, BetaShares Global Cybersecurity ETF, ETFS Battery Tech & Lithium ETF, Cisco Systems, CrowdStrike, Palo Alto Networks, and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2025 $290 calls on Accenture Plc and short January 2025 $310 calls on Accenture Plc. The Motley Fool Australia has positions in and has recommended BetaShares Global Cybersecurity ETF and Coles Group. The Motley Fool Australia has recommended Betashares Global Uranium Etf, CrowdStrike, and Vanguard Australian Shares High Yield ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Why this smashed ASX 200 share is a fundie’s top value pick

    a man peers through a broken brick wall to see grey clouds gathering beyond it

    ASX 200 share IDP Education Ltd (ASX: IEL) offers “stand-out value” for investors today after a 40% smashing over the past 12 months, a fundie says.

    IDP Education is an international education organisation that helps overseas students get into courses in Australia and other countries, including New Zealand, the United States, and the United Kingdom.

    The IDP Education share price has fallen by 40% over the past year to close at $16.05 on Friday.

    This compares to an 8.55% gain for the S&P/ASX 200 Index (ASX: XJO) over the same time period.

    Here’s why fundie Prasad Patkar is a fan of this ASX 200 education stock.

    Why this ASX 200 education share is a buy today

    Patkar is the head of investments at Platypus Asset Management, a Sydney-based wealth manager that oversees $5 billion in assets.

    Platypus’s Australian Equities Fund made Mercer’s top 10 list over one year after delivering a 15.71% return over the 12 months ending 30 April.

    Platypus describes the fund as a high-conviction growth fund that usually holds 25-40 ASX shares.

    It has exposure to ASX small-caps, and all of its selected stocks undergo a fundamental environmental, social, and corporate governance (ESG) analysis.

    The fund’s track record is an average 8.31% annual return since inception on 30 April 2006.

    Among the shares held within the fund today are IDP Education shares.

    Patkar reckons the ASX 200 education share is the most undervalued stock they currently hold.

    As reported in the Australian Financial Review (AFR), he puts this down to short-term regulatory challenges, and maintains that IDP is on track to gain competitive strength over the next one to two years.

    Patkar said:

    At the present time we think IDP Education is stand-out value.

    The business is facing regulatory headwinds in its key markets which we believe will dissipate over the next 12 to 24 months, and the business will emerge in a stronger position from a competitive standpoint than what it is today.

    According to CommBank, IDP Education shares are trading on a price-to-earnings (P/E) ratio of 26.77.

    Why overweight in ASX consumer discretionary stocks?

    IDP Education is an ASX 200 consumer discretionary share.

    The Australian Equities Fund is currently overweight in this sector despite high inflation and interest rates.

    Consumer discretionary stocks make up 14.35% of the fund, according to the latest fund update.

    However, the sector only comprises 7.28% of the ASX 300 Accumulation Index. (This is the index that Platypus aims to outperform (before fees and expenses) over a rolling three-year period.)

    Consumer discretionary is the third biggest sector position in the fund behind healthcare at 19.56% and materials at 18.39%.

    Patkar explains why they are overweight on ASX consumer discretionary stocks:

    If we have a high conviction in the investment case for a stock, that is the risk reward stacks up, we buy the maximum we can, subject only to liquidity constraints.

    Being overweight or underweight a sector is just an outcome.

    Other discretionary stocks held by the fund include ARB Corporation Ltd (ASX: ARB), Lovisa Holdings Ltd (ASX: LOV), Aristocrat Leisure Limited (ASX: ALL), and Domino’s Pizza Enterprises Ltd (ASX: DMP).

    Patkar said:

    We believe each of these businesses has resilience and defensive properties to withstand a moderation in consumer discretionary spending.

    The post Why this smashed ASX 200 share is a fundie’s top value pick appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Idp Education right now?

    Before you buy Idp Education 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 Idp Education 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 Domino’s Pizza Enterprises. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ARB Corporation, Domino’s Pizza Enterprises, Idp Education, and Lovisa. The Motley Fool Australia has recommended ARB Corporation, Domino’s Pizza Enterprises, Idp Education, and Lovisa. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Apple could release a major redesign of the iPhone next year that’s super-slim, report says

    Apple iPhone 15 family of devices
    Apple iPhone 15 family of devices.

    • Reports of a slim iPhone arriving in late 2025 are emerging.
    • An analyst's note and a report from The Information suggest an "iPhone 17 Slim" is in the works.
    • Apple launched its thinnest iPad last week, while the iPhone 16 is expected to launch in September.

    Apple is reportedly slimming down the iPhone in 2025.

    The Information reported Friday that five people knowledgeable about the project said a thinner iPhone could debut alongside the iPhone 17 in September 2025.

    The project, internally called D23, is said to be a "major redesign" that will cost more than the iPhone Pro Max, which is priced at $1,200, The Information reported. Meanwhile, the full iPhone 16 lineup is still yet to be announced, but it is expected this September.

    Rumors of a slim iPhone, based on a research note from analyst Jeff Pu of Hong Kong-based investment firm Haitong that was viewed by 9to5Mac, have swirled since the beginning of May.

    One of the supposed models in the rollout could be called "iPhone 17 Slim," MacRumors reported. The device's display would measure between 6.12 inches diagonally — the size of the standard iPhone — and 6.69-inch screen of the Pro Max models, according to The Information.

    Another notable difference on this prospective skinny iPhone is that the back camera would be located at the top center of the phone instead of the top left corner, The Information's sources said.

    Iphone 15 pro colors
    The color options for the high-end iPhone 15 Pro and Pro Max.

    At its "Let Loose" event on May 7, Apple launched a new iPad Pro that it touted as thinner than an iPod Nano at 5.1 millimeters. So far, reviewers have reacted positively to the new ultra-thin OLED display.

    [youtube https://www.youtube.com/watch?v=GN6ZlssqNAE?si=5zKmU_rdgag4jlV6&start=517&w=560&h=315]

    Tech review channel JerryRigEverything went viral for its durability test of the 13-inch iPad Pro. The slim iPad's OLED display held up against several attempts to bend and break it.

    Reviewer Zack Nelson said the iPad's "central spine" helped it remain functional after being bent.

    The tech giant faces stiff competition from other smartphone makers. iPhone revenue for Apple's fiscal Q2 was $45.96 billion, down 10% year over year.

    Apple did not immediately respond to a request for comment from Business Insider.

    Read the original article on Business Insider
  • Jeff Bezos’ Blue Origin is about to fly people to space for the first time in 2 years. Here’s why it took so long.

    four people dressed in blue Blue Origin jumpsuits walk past a New Shepard first-stage rocket booster
    • Jeff Bezos' Blue Origin plans to launch a crewed rocket for the first time in nearly two years.
    • The New Shepard rocket was grounded for months after a failed uncrewed launch in September 2022.
    • The delay has let space tourism competitors like Virgin Galactic catch up. 

    Jeff Bezos' private space company, Blue Origin, recently announced its plans to launch a crew of six aboard its New Shepard rocket this Sunday.

    If all goes well, this will be the company's first crewed rocket launch in nearly two years. The last crewed flight was in August 2022 and included Sara Sabry, who became the first Egyptian person and Arab woman in space.

    This weekend's scheduled launch will be a major milestone for the company; marking its return to crewed suborbital spaceflight and the multi-millions in revenue that comes with it.

    Still, late last year, Jeff Bezos told Lex Fridman on Fridman's podcast that "Blue Origin needs to be much faster."

    Here's why Blue Origin is lagging behind competitors like Virgin Galactic and SpaceX.

    Why Blue Origin's upcoming launch took 2 years

    Blue Origin's New Shepard
    New Shepard lifted off during its 22nd mission back in August 2022 — the last time the company flew a crew to suborbital space.

    Blue Origin was on a roll in 2021 and the first half of 2022, completing about one New Shepard launch every two months — the most in the company's history.

    But then one of its uncrewed rockets failed on September 12, 2022.

    About one minute into the flight, Blue Origin lost the first-stage booster due to a faulty nozzle in the booster's engine. The first-stage fell from the skies and crash-landed in a Texas desert. No people, buildings, or other properties were harmed.

    What was damaged, however, was the space company's momentum.

    Afterward, the Federal Aviation Administration grounded New Shepard until Blue Origin addressed 21 corrective actions, including redesigning some engine and nozzle components to prevent a similar mishap.

    The space company went more than 400 days before another launch. That gave one of Blue Origin's competitors, Virgin Galactic, time to catch up after suffering its own setbacks in the early 2020s.

    Blue Origin's suborbital business

    Blue Origin Rocket
    Blue Origin's New Shepard rocket is fully reusable so the company can launch and relaunch payloads and crews to suborbital space.

    Virgin Galactic and Blue Origin are both in the suborbital space tourism business. They fly people to suborbital space, about 60 miles high, where they can experience a few minutes of weightlessness before returning.

    In 2023, Virgin Galactic completed half a dozen crewed launches with its SpaceShipTwo vehicles. These launches included the company's first commercial service flight with Italian Air Force members in June 2023 and its first flight carrying a private astronaut in August of that same year.

    The company was grounded in February, however, after a small part fell off the mothership of its space plane on Virgin Galactic's latest space tourism flight. So, this Sunday's launch may be Blue Origin's chance to catch back up.

    However, the cost of a ticket on Blue Origin's rocket versus Virgin Galactic's space plane is worth noting regarding the companies' competitiveness.

    Prices vary widely, and Blue Origin won't release what it charges per seat on New Shepard. However, Quartz reported that a seat on Blue Origins' last crewed launch in August 2022 cost about $1.25 million. That's nearly three times the cost of a $450,000 seat on Virgin Galactic.

    Blue Origin's orbital dreams and delays

    new glenn reusable rocket jeff bezos blue origin
    An illustration of Blue Origin's reusable New Glenn rocket launching toward space.

    While suborbital tourism can be lucrative, the real money is in orbital spaceflight.

    Private companies, including SpaceX (founded in 2002), United Launch Alliance (founded in 2006), and Rocket Lab (founded in 2006), have been doing this for years.

    Getting to orbit requires bigger, more powerful rockets that are more costly and time-consuming to build. But the major benefit is that there's a much larger market for companies who want to send a satellite or other technology into orbit than for floating in a spaceship for a few minutes.

    Over their lifetimes, SpaceX has launched more than 300 rockets to orbit, ULA has launched 155, and Rocket Lab has launched over 45. Blue Origin, by comparison, has yet to launch one rocket to orbit — though its New Glenn orbital rocket is scheduled for its first launch later this year.

    Bezos' company announced it was building New Glenn in 2016, with an inaugural launch scheduled for 2020. However, the company has suffered a series of setbacks, delaying lift-off.

    These delays have cost Blue Origin potentially millions of dollars in service flights that companies are willing to pay to get their tech to orbit. ULA, for example, states on its website that its rockets have "placed more than $70 billion of satellite assets into orbit."

    That said, Blue Origin has contracts with NASA, the US Space Force, and Amazon for its New Glenn rocket once it's ready to fly.

    Bezos says Blue Origin's culture isn't fast enough

    Amazon CEO Jeff Bezos
    Jeff Bezos founded Blue Origin in 2000.

    Part of Blue Origin's sluggish pace is its work culture, which Bezos aims to change.

    "We're going to get really good at taking appropriate technology risk and making those decisions quickly, being bold on those things and having the right culture that supports that," Bezos told Fridman.

    Sunday's scheduled launch is a step in the right direction for Blue Origin. It may be playing catch-up now, but Bezos wants to kick the company into high gear, telling Fridman that's one of the reasons he left his role as Amazon's CEO.

    "I turned the CEO role over, and the primary reason I did that is that I could spend time on Blue Origin, adding some energy, some sense of urgency. We need to move much faster, and we're going to," he said.

    Blue Origin did not respond to Business Insider's request for comment.

    Read the original article on Business Insider
  • How I plan to invest my tax cuts

    a man sits back from his laptop computer with both hands behind his head feeling happy to see the Brambles share price moving significantly higher today

    The recent Federal Budget contained some good economic news for almost all Australians. From 1 July, every single income taxpayer’s tax rate is set to fall.

    These tax cuts will mean that come the new financial year, everyone who earns income above the tax-free threshold of $18,200 per annum will have fewer dollars taken away by the taxman every paycheque.

    Chances are that most people won’t really notice these tax changes. After all, we tend not to miss what we don’t have. But we also tend to adjust to what we do have fairly easily. But I’m going to be making an effort to redirect the extra dollars I’ll be getting from these tax cuts into investments in ASX shares.

    I think investing in ASX shares is the most effective way for Australians to build additional wealth and retire earlier and more comfortably than they would by relying on their salaries, savings and superannuation.

    But ASX shares build wealth most effectively when we properly harness the power of compound interest.

    Compounding works more effectively the more time and money we give it. As such, I try and invest every spare dollar that I can, as soon as I can, into buying more ASX shares.

    So, with the financial boost of a tax cut coming our way, I’m looking forward to ramping up my investing firepower.

    Investing my tax cuts in ASX shares

    The exact ASX shares I will buy with my tax cut money all depends on what the markets are doing at the time.

    Ideally, I’d love to add to some of my favourite portfolio positions. These include Wesfarmers Ltd (ASX: WES) and Washington H. Soul Pattinson and Co Ltd (ASX: SOL). As well as the VanEck Morningstar Wide Moat ETF (ASX: MOAT) and MFF Capital Investments Ltd (ASX: MFF).

    However, as of today, most of these investments are trading pretty close to all-time highs. If this continues, I might decide that the risk-reward balance isn’t attractive enough to justify additional investments using my tax-cut money in the next few months.

    As such, I might turn to some new positions. As I outlined yesterday, these could include Infratil Ltd (ASX: IFT), or the Regal Investment Fund (ASX: RF1). Or perhaps the high-flying L1 Long Short Fund Ltd (ASX: LSF).

    If I don’t like where those investments are priced at, I would probably deploy my new tax-cut cash into simple index funds like the Vanguard Australian Shares Index ETF (ASX: VAS). I think these investments are a great choice when all else fails the valuation test.

    All in all, I expect any additional dollars I get from the tax cuts after 1 July to end up in the share market. In my view, this is the best choice for anyone wishing to build wealth as effectively as possible.

    The post How I plan to invest my tax cuts appeared first on The Motley Fool Australia.

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

    Before you buy Infratil 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 Infratil 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 Sebastian Bowen has positions in Mff Capital Investments, VanEck Morningstar Wide Moat ETF, Vanguard Australian Shares Index ETF, Washington H. Soul Pattinson and Company Limited and Wesfarmers. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Washington H. Soul Pattinson and Company Limited and Wesfarmers. The Motley Fool Australia has positions in and has recommended Washington H. Soul Pattinson and Company Limited and Wesfarmers. The Motley Fool Australia has recommended VanEck Morningstar Wide Moat ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.