• This ‘Shark Tank’-backed airline lets big dogs fly in the cabin. Fares average $775.

    Woman standing outside the jet with her dog and the flight attendant.
    RetrievAir bills itself as a better way to travel with large dogs.

    • RetrievAir CEO Benton Miller secured funding on "Shark Tank" for his new pet airline.
    • The model allows large dogs to fly in the cabin with their owners, instead of an airline underbelly.
    • Miller wants RetrievAir to be accessible to the everyday pet owner. Fares average $775 per seat.

    Traveling with large dogs is a nightmare. Airline restrictions force heavier dogs into the often unsafe cargo hold, and only the uberrich can afford to ferry their furbabies on a private jet.

    Frustrated by how hard it was to fly with his own Labradors, Maple and Willow — and often having to leave them behind — entrepreneur Benton Miller founded RetrievAir, a pet airline that lets oversized dogs (or any-sized dog or cat) ride in the cabin alongside their owners.

    In an interview with Business Insider, Miller said the pet-air-travel sector represents a $5.5 billion US market with plenty of room for more players. RetrievAir fares average $775 per seat.

    Miller recently turned to ABC's "Shark Tank" reality show for funding and secured $776,000 from guest Shark and Reddit cofounder Alexis Ohanian in exchange for a 15% stake — a nod to Ohanian's "Seven Seven Six" venture fund. Ohanian has a 100-pound dog named Adora.

    Miller said Ohanian "understands burn" because of his tech background and "knows how to scale to a billion-dollar company." RetrievAir, which launched in May, secured over $500,000 in sales within weeks of opening bookings.

    Some veteran Sharks, including Kevin O'Leary, aka Mr. Wonderful, were skeptical of RetrievAir's $80,000-a-week operating costs. But Miller said sales have since picked up, more cities have been added, and some routes — like New York to Florida — are even selling out.

    RetrievAir is not your typical flight experience: Customers book flights online, but instead of navigating a crowded terminal, flyers and their pets meet at a small private airport about 45 minutes before takeoff. Security is faster and tailored to animals.

    Side by side collage of dogs and their owners checking into a RetrievAir flight.
    Check-in is faster than at a major airport because there are fewer people.

    The pets don't have to be caged and stuffed under the seat in front of you, and Miller said the chartered 30-seater Embraer E135 jet was modified from a 50-seater — giving each seat ample room for humans and animals to spread out.

    Dogs over 40 pounds must sit in a paid, assigned seat next to their owner. Lighter pets can sit on their owner's lap or at their feet, and each seat has a leash to secure the animal.

    And there's a flight attendant — trained in basic pet behavior — to keep everyone safe, watered, and full of treats.

    Miller said the white noise from the engines relaxes most dogs, and they commonly sleep during the flight. They recommend owners of more anxious dogs bring a familiar toy or blanket to help comfort them.

    Dogs must have their Rabies vaccine to fly. Luggage, snacks, and alcoholic and non-alcoholic beverages are included for human passengers.

    The plane makes a pit stop on the ground every two hours so the animals can use the bathroom (Miller said pet accidents are rare) and the jet can be cleaned. A flight from New York to Denver, for example, would stop in Chicago.

    It's less convenient than a nonstop, but it serves two purposes: It protects the health and comfort of the animals, and it allows RetrievAir to sell the trip as one long, single itinerary or split it into individual legs to capture more potential customers.

    A side by side collage of a big white dog in the dual-side side of the plane and a man sitting in the solo seat with his small black dog.
    Oversized dogs need their own seat.

    Pet-focused public charter carriers aren't new. Companies like BarkAir and K9 Jets already schedule shared flights for humans and their pets. Miller said Ohanian's involvement — paired with RetrievAir's efficiency-focused model — has helped put the company on a stronger footing.

    "We've had profitable days, profitable weeks," he said. However, he added that their load factor, or the percentage of seats sold, still does not consistently reach the 50% level needed across all routes to reliably generate revenue.

    Still, he said he's focused on keeping the service accessible to everyday pet owners by offering lower fares and opening new routes, while maintaining the semi-private jet experience that makes the model work.

    Fares range from $300 to over $3,000 per seat

    Miller said the average fare is around $775 one-way per seat.

    Some shorter upcoming trips, like New York to Washington, DC, in February 2026, are priced as low as $300. He said the lower DC price is possible because the plane flies into a smaller, less expensive airport about 30 miles from the city.

    This could be a pain for travelers, but Miller said the location saves money. He added that he prefers these out-of-the-way airports because they're also less congested and cover broader areas.

    "Waukegan National Airport in Illinois is 45 minutes north of Chicago, but it's also 45 minutes from Milwaukee," Miller said, adding that smaller airports also reduce the risk of air-traffic delays.

    A passenger walking to the plane with their golden retiever.
    RetrievAir is attractive to people who don't want to book their large dogs into cargo.

    Some RetrievAir trips are more expensive, such as the New York to Los Angeles route, which costs a little over $3,000 one-way per seat in February, or around $6,000 if the dog is over 40 pounds and requires its own seat.

    That compares with the roughly $6,700 one-way ticket on BarkAir or K9 Jets on the same route for one seat. The two competitors charter Bombardier and Gulfstream jets that are half the capacity or smaller than the Embraer jet that RetrievAir uses.

    RetrievAir flies to six US destinations and plans to add six more in 2026. Unlike both BarkAir and K9Jets, RetrievAir does not fly internationally, but plans to do so in the future. Miller said Seattle is among its highest-requested destinations.

    "There are more pets than kids in the city," he said. "Seattle attracts Canadians, especially in the Vancouver area, who may have a vacation home in Arizona or California and need our service."

    Specific boarding and seating strategies

    RetrievAir's Embraer jet is operated by the third-party carrier RVR Aviation. Miller's team handles scheduling and bookings, while RVR manages the aircraft, maintenance, and crew.

    The plane has three seats per row: a single seat on one side of the aisle (seat A) and two seats on the other (seats B and C). Miller said dogs up to 40 pounds can share their owner's seat space and are placed in the A seats by the window.

    Side by side photo collage, one showing blue buffalo branded dog treats and the other of a orange cat in a carrier on a seat.
    RetrievAir used local and national treat brands.

    Bigger dogs, however, need their own seat and are placed in B and C with their owner — with the pup riding in the window seat and away from where they could more easily sniff their neighbor.

    Miller said there are precautions to ensure that aggressive or reactive dogs are kept away from other pets, like boarding back to front to minimize interactions. Pets and their owners are denied boarding if the crew anticipates an issue.

    "There's a bit of an honor system when booking, that's when we ask for the temperament of the pup," Miller said. "We will talk with the owner if the pet is not friendly, but if we think the pup may be too aggressive, we will ask them not to fly and refund their ticket."

    Read the original article on Business Insider
  • 5 things to watch on the ASX 200 on Thursday

    Smiling man with phone in wheelchair watching stocks and trends on computer

    On Wednesday, the S&P/ASX 200 Index (ASX: XJO) was on form and recorded a small gain. The benchmark index rose 0.2% to 8,595.2 points.

    Will the market be able to build on this on Thursday? Here are five things to watch:

    ASX 200 expected to rise again

    The Australian share market looks set to rise again on Thursday following a decent night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 16 points or 0.2% higher this morning. In late trade in the United States, the Dow Jones is up 1%, the S&P 500 is up 0.4%, and the Nasdaq is 0.25% higher.

    Oil prices push higher

    ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a good session on Thursday after oil prices pushed higher overnight. According to Bloomberg, the WTI crude oil price is up 0.55% to US$58.95 a barrel and the Brent crude oil price is up 0.35% to US$62.68 a barrel. Traders were buying oil after Russia-Ukraine peace talks failed to reach a breakthrough.

    Buy 4D Medical shares

    Analysts at Bell Potter think that 4DMedical Ltd (ASX: 4DX) shares are a buy for investors with a high risk tolerance. This morning, the broker has retained its speculative buy rating on the lung imaging technology provider’s shares with an improved price target of $2.50. It said: “We expect further wins from the 4D Medical sales team being mainly expansion of existing license arrangement to include fee for service revenues for CTVQ.”

    Gold price rises

    It could be a good session for ASX 200 gold shares including Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) on Thursday after the gold price pushed higher. According to CNBC, the gold futures price is up 0.35% to US$4,235.5 an ounce. This was driven by increasing US rate cut bets after the release of weak payroll data.

    Buy Harvey Norman shares

    Bell Potter thinks investors should be buying Harvey Norman Holdings Ltd (ASX: HVN) shares. This morning, the broker has named the retail giant as one of its high conviction picks with a buy rating and $8.30 price target. It said: “Despite the strong re-rate in the name, HVN trades at ~2.0x market capitalisation to freehold property value as Australia’s single largest owner in large format retail with a global portfolio surpassing $4.5b and collectively owning ~40% of their stores (franchised in Australia and company operated offshore). This sees our view that of the 1-year forward ~19x P/E multiple as justified considering the multiple catalysts near/mid-term.”

    The post 5 things to watch on the ASX 200 on Thursday appeared first on The Motley Fool Australia.

    Should you invest $1,000 in 4DMedical Limited right now?

    Before you buy 4DMedical 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 4DMedical 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…

    * Returns as of 18 November 2025

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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 no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Harvey Norman. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • 3 top consumer discretionary shares from Bell Potter

    Looking down on a workstation with three people working on their tech devices.

    With emerging headwinds for consumer discretionary shares, analysts at Bell Potter have provided updated guidance on where to look within a choppy sector. 

    Despite economists now tipping an increase for the cash rate at this month’s RBA meeting, Bell Potter still sees opportunity for a few consumer discretionary shares. 

    Sector overview

    In the broker’s Monthly Bell report, the analyst team said they have seen varying performance recently between discretionary categories with technology/electronics, wellness & sports and services such as cafes & recreation leading the way.

    Meanwhile others such as mass apparel & lifestyle footwear and furniture & household goods are lagging.

    While the pause in interest rate cuts in Australia limits catalysts for the Consumer Discretionary sector, we continue to prefer key beneficiaries from the rate cuts seen so far and category outperformers. We continue to look for retailers with differentiating customer value propositions & balance sheet strength and support names who may grow via market share expansion with more diverse customer demographics.

    The report said to expect another year of growth in the promotional period around Black Friday. Beneficiaries are expected to be technology products, household appliances and gifting driven purchases. 

    The 2025 projections for the Black Friday seasonal period in Australia (as per Roy Morgan and Australian Retailers Association) sees a further 4% increase in the 4-day weekend retail spend compared to a 3% increase in 2024.

    The broker listed three high conviction consumer discretionary with buy recommendations. 

    Adore Beauty Group Ltd (ASX: ABY)

    Bell Potter said key drivers for business growth are its continued store-rollout targeting a network of 25+ stores, along with its private label brands and high-margin retail media arm contributing to margin expansion and thus a strong earnings trajectory. 

    It views this consumer discretionary stock as well positioned to take advantage of the high performing beauty category within the Australian market.

    Target price: $1.25. 

    Harvey Norman Holdings Ltd (ASX: HVN)

    As a leading household goods retailer in Australia and growing presence globally, Bell Potter said Harvey Norman has seen modest growth in its independent franchisee base in Australia and expanded its company operated global store print over the last 5 years. 

    It sees Harvey Norman as one of the most diversified retailers in terms of both categories and regions, while benefitting from both as a quasi-retailer/landlord and channel mix via company operated stores and franchising.

    Target price: $8.30. 

    Universal Store Holdings Ltd (ASX: UNI)

    The company has ~85 stores under its flagship ‘Universal Store’ brand and is expanding private label brands by growing the stand-alone format of ‘Perfect Stranger’ and ‘Thrills’ with more than 100 stores in total.

    Bell Potter said at ~18x FY26e P/E (BPe), it sees Universal Store shares as trading at a discount to the ASX300 peer group. Its optimism is justified by the distinctive growth traits supporting consistent outperformance in a challenging category, longer term opportunity with three brands, organic gross margin expansion via private label product penetration (currently ~55%) and management execution.

    Target price: $10.50.

    The post 3 top consumer discretionary shares from Bell Potter appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Adore Beauty Group Limited right now?

    Before you buy Adore Beauty Group 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 Adore Beauty Group 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…

    * Returns as of 18 November 2025

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

  • Brokers rate these 3 top ASX shares as buys in December

    Two brokers analysing stocks.

    Brokers are always looking for buy ideas; the ever-changing share prices (and updates) give investors the opportunities to buy appealing ASX shares that are undervalued.

    When a broker thinks a stock is a buy, that’s an interesting signal. When numerous analysts are excited about an ASX share, it could indicate an appealing investment opportunity.

    We’re going to look at three of the most buy-rated businesses on the ASX right now.

    Orica Ltd (ASX: ORI)

    According to CommSec’s collation of analyst opinions, there are currently 14 buy ratings on the business.

    Broker UBS describes Orica as the world’s largest supplier of commercial explosives and blasting systems, servicing both the mining and infrastructure sectors. Its customers are from numerous markets, including Australia, Asia, the Pacific, North America, Latin America, Europe, the Middle East, and Africa.

    UBS is one of the brokers that rates Orica as a buy, with a price target of $27. That suggests a possible rise of 11% over the next year from where it is at the time of writing.

    The broker noted that the ASX share’s recent FY25 result saw operating profit (EBIT) growth across all segments, reflecting improvements in the mix of products and the margin.

    Pleasingly, FY26 guidance suggests EBIT growth across all segments. UBS wrote:

    Orica is positively leveraged to resilient global mine production activity, and supportive AN prices given relatively balanced global supply. We expect mix and margin improvements from the uptake of premium blasting solutions and technology services, and the integration of recent acquisitions, to drive a 3yr EPS CAGR of +8% (FY25-28E). We see ongoing P/E re-rate potential…

    Coles Group Ltd (ASX: COL)

    According to CommSec’s collation of analyst opinions, there are currently 10 buy ratings on one of Australia’s largest supermarket businesses and a large player in the liquor space.

    UBS is one of the brokers that rates Coles shares as a buy, with a price target of $25. That implies a possible rise of more than 12% within the next year.

    The broker likes the business following the company’s FY26 first-quarter update. Coles’ total sales grew 3.9% to $10.96 billion, which is more than what UBS was expecting.

    UBS highlighted in a note how Coles is outperforming rival Woolworths Group Ltd (ASX: WOW), along with the benefit of automated distribution centres (ADCs) and customer fulfillment centres (CFCs):

    We remain confident superior execution continues as COL leverages recent investments (eg, Witron ADCs – improved availability in NSW & QLD; Ocado CFCs – drove 28% 1Q26 online growth [WOW +13%], with all missions performing well), plus ongoing promotional effectiveness (fewer, better) & sound ranging (increasingly store-led), with these both supply chain enabled.

    UBS forecasts $1.25 billion of net profit in FY26 for Coles.

    QBE Insurance Group Ltd (ASX: QBE)

    According to CommSec’s collation of analyst opinions, there are currently nine buy ratings on the business.

    QBE is an insurance business with a presence in North America, Australia and the Pacific, and international.

    UBS has a buy rating on the ASX share, with a price target of $24.15. That implies a possible rise of 26% over the next year, at the time of writing.

    The broker noted that the 2025 third-quarter update showed FY25’s earnings and the outlook for FY26 “continue to track in-line with expectations” despite a softening in the premium rate cycle.

    UBS noted:            

    With FY26E COR [combined operating ratio] guidance of ~92.5%… supporting a ~16% ROE outlook, mid-single digit volume growth ambitions retained, investment yields stabilising and A$450m buyback announced (~1.5% shares), its FY26E earnings outlook remains well underpinned. At a 10x FY26E PE (0.54x ASX200, 18% disc to 5yr avg) we continue to see compelling value and retain a Buy rating.

    The post Brokers rate these 3 top ASX shares as buys in December appeared first on The Motley Fool Australia.

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

    Before you buy Coles Group 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 Coles Group 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…

    * Returns as of 18 November 2025

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

  • This ASX passive income share offers a 5.86% yield. Here’s how!

    Person holding Australian dollar notes, symbolising dividends.

    Most investors who come to the ASX seeking passive income from dividends end up buying stocks like National Australia Bank Ltd (ASX: NAB) or Telstra Group Ltd (ASX: TLS).

    Whilst there’s nothing wrong with buying blue chip stocks like NAB or Telstra, these shares are currently trading on rather low dividend yields, at least compared to what has, on average, been on offer in years gone by.

    That’s why I think passive income seekers might want to consider an exchange-traded fund (ETF) instead.

    The BetaShares Dividend Harvester Active ETF (ASX: HVST) is currently trading on a trailing dividend yield of 5.86%.

    What’s more, this passive income stock pays out a dividend 12 times a year. Yep, HVST owners get a passive income paycheque every single month. Our 5.86% yield figure includes the 6.52 cents per share dividend distribution due in the middle of this month, for an annual 2025 total of 77.96 cents per unit.

    However, whilst this ETF might suit investors looking to get a high yield, it might not be suitable for everyone. Let’s check out how the Dividend Harvester ETF manages to bring in such a sizeable yield.

    How does this ASX passive income stock provide its 5.86% yield?

    This ASX ETF is not your ordinary, index-hugging passive investment. Instead of holding a relatively consistent portfolio, HVST follows a ‘dividend harvesting’ strategy, as its name implies. This involves buying a passive income stock like Telstra or NAB after it announces a dividend but before it trades ex-dividend. The fund then collects the payout, and later sells the stock, using proceeds to buy its next income payer.

    In this way, HVST can provide a relatively large dividend yield to its investors. However, there is a catch.

    Buying and selling stocks just to collect dividends doesn’t usually leave any room for capital growth or compounding. As a result, HVST’s overall returns tend to underperform the broader market. In other words, the higher dividends don’t make up for the lost share price appreciation.

    To illustrate, HVST units returned a total of 8.82% over the 12 months to 31 October 2025. In contrast,  a simple ASX index fund, the Vanguard Australian Shares Index ETF (ASX: VAS), has returned 12.63% over the same period.

    There’s also the cost to consider. HVST’s passive income strategy doesn’t come cheap. Whilst VAS charges a management fee of 0.07% per annum, HVST will set an investor back 0.72% per annum.

    As such, the Betashares Dividend Harvester Active ETF might be a good fit for those investors prioritising dividend income. But perhaps not for investors looking for the best overall returns for their portfolios.

    The post This ASX passive income share offers a 5.86% yield. Here’s how! appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Betashares Australian Dividend Harvester Fund right now?

    Before you buy Betashares Australian Dividend Harvester Fund 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 Betashares Australian Dividend Harvester Fund 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…

    * Returns as of 18 November 2025

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

  • 2 ASX growth shares to buy now while they’re on sale

    Person pointing finger on on an increasing graph which represents a rising share price.

    Recent share market volatility has led to multiple ASX growth shares dropping significantly in value, giving investors an opportunity to pick them up for a much lower price.

    Buying at a lower price doesn’t mean it’s going to recover in the next week (or month) of course, but focusing on growing businesses means we’re more likely to focus on a company that could see its share price rebound at some point.

    I believe both of the companies I’m about to highlight are two of the most compelling non-tech ASX growth shares with international growth intentions.

    Breville Group Ltd (ASX: BRG)

    Breville sells an array of small kitchen appliances and it’s best known for its coffee machines. It owns a few different brands including Breville, Sage, Lelit and Baratza. It also sells coffee beans through its Beanz business.

    As the chart below shows, it’s down more than 20% since January 2025 following the developments with US tariffs, so the company has been working hard to move its manufacturing of US products away from China, with a focus on Mexican production.

    The ASX growth share delivered revenue and net profit growth of more than 10% in FY25. I’m expecting attractive growth rates to continue in FY27 and onwards.

    I believe there could be more adoption of coffee-at-home consumption globally in the coming years, particularly if expansion markets (for Breville) like China, the Middle East and South Korea help materially.

    According to the forecast on Commsec, the business could grow earnings per share (EPS) by 13% in FY27, putting it at 28x FY27’s estimated earnings.

    Guzman Y Gomez Ltd (ASX: GYG)

    GYG is a Mexican food restaurant business with more than 225 locations in Australia and more than 260 globally.

    At the end of the FY26 first quarter, it had 227 Australian locations, 22 Singapore restaurants, five Japan locations and seven US restaurants. I’m expecting those numbers to rise in the medium-term.

    The ASX growth share has a long-term goal of 1,000 restaurants in Australia over the next two decades, which would be more than a quadrupling over the period. Economies of scale could mean the ASX growth share achieves stronger profit margins over time, significantly boosting the bottom line.  

    I think restaurant growth alone could be a stronger driver of the company’s success in the coming years. In the FY26 first quarter, it reported network sales growth of 18.6%, with mid-single digit comparable sales growth across the business.

    If Asian network sales can continue growing at a strong double-digit pace over the long-term, GYG could surprise the market and become significantly larger overall.  

    With the company willing to provide shareholders with both dividends and a share buyback, I think the ASX growth share looks attractive after falling more than 40% since the start of the year, as the above chart shows.

    The post 2 ASX growth shares to buy now while they’re on sale appeared first on The Motley Fool Australia.

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

    Before you buy Breville Group 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 Breville Group 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…

    * Returns as of 18 November 2025

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    Motley Fool contributor Tristan Harrison has positions in Breville Group and Guzman Y Gomez. 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.

  • THEN AND NOW: Photos show where America’s wealthiest lived a century ago versus today

    Jeff Bezos' house in Indian Creek, Florida.
    Jeff Bezos moved to Florida from Seattle in 2023.

    • Gilded Age tycoons built ornate mansions on New York's Fifth Avenue and in Newport, Rhode Island.
    • Some of today's wealthiest people have opted for more discreet or modest homes.
    • Today's billionaires live in diverse locations across the US, like the Bay Area, Miami, and Seattle.

    A century ago, the wealthiest people in America often lived in ornate residences reminiscent of European royal palaces.

    Today, some of the richest citizens are more discreet about their wealth, opting for low-key mountain homes, secure bunkers, or even prefabricated houses. Others, meanwhile, have spent big on tropical getaways and luxurious beachfront estates.

    While lavish mansions are still built by wealthy Americans, today's real estate trends and status symbols differ from those of 120 years ago.

    See how America's wealthiest have changed their residences as they've moved from Fifth Avenue to Silicon Valley.

    During the peak of the Gilded Age, some of the wealthiest Americans lived in full view on New York City's Fifth Avenue.
    Fifth Avenue and Central Park in New York City during the Gilded Age.

    The Gilded Age is typically defined as the years between 1865 and 1900, when wealth in America rocketed during a period of exorbitant industrial growth.

    During the period, and in the years following it, Fifth Avenue mansions became a status symbol for those trying to establish their place in New York society. Some of the country's wealthiest lived next to one another on what became known as Millionaires' Row.

    The Gilded Age brought the exorbitant wealth of industrialists — and their children — to the avenue.
    Cornelius Vanderbilt's Petit Chateau on New York City's Fifth Avenue.

    Built in 1883, the French-inspired residence of Cornelius II Vanderbilt was the avenue's largest among high society's homes and remains the largest home to have ever been built in New York City.

    The mansion, which was believed to have around 130 rooms, was home to a son and heir of Cornelius Vanderbilt, who had an estimated net worth of nearly $276 billion in today's money, per Forbes' 2006 reporting and adjusted for inflation via the Bureau of Labor Statistics' inflation calculator.

    In 1928, the home was replaced with a Bergdorf-Goodman department store. Many Gilded Age mansions in New York City were demolished in the early- to mid-20th century to make way for commercial or apartment buildings, while a few became museums.

    Industry leaders like Andrew Carnegie also called the street home.
    Andrew Carnegie's residence on New York City's Fifth Avenue, today the Cooper Hewitt Smithsonian Design Museum.

    By the turn of the century, steel industrialist Andrew Carnegie — who founded and led the Carnegie Steel Company and had an estimated net worth of over $460 billion in today's currency — joined the group of wealthy residents on the avenue.

    Located in the neighborhood now known as Carnegie Hill, the steel magnate's mansion was completed in 1902 and sat further north than those of previous generations of millionaires, which were clustered closer to Midtown Manhattan.

    Today, it is the Cooper Hewitt, Smithsonian Design Museum.

    J.P. Morgan took up residence in Murray Hill.
    View of 42nd Street and Madison Avenue in New York City during the Gilded Age.

    J.P. Morgan, the Wall Street titan, built his residence in the neighborhood of Murray Hill instead.

    The financier, who had a net worth of $80 million at the time of his death in 1913, per Time — around $2.7 billion today — bought his house, which today houses The Morgan Library & Museum, in 1882.

    Others, like John D. Rockefeller, built large estates further north of the city.
    John D. Rockerfeller residence Kykuit

    For the elites looking to escape the city, upstate New York offered a quiet and convenient location to build massive estates.

    About 25 miles north of New York City, John D. Rockefeller's Kykuit estate was built in 1913 and housed generations of the family until the 1970s. The Standard Oil Company founder had an estimated net worth of over $500 billion in today's money — he is considered the richest American of all time.

    Rockefeller's brother, William, had purchased the 204-room mansion Rockwood Hall in 1886, and the area quickly became a hot spot for the era's elites.

    Railroad magnate Jay Gould was another industry leader who bought property in the Hudson Valley.
    Lyndhurst Mansion.
    Lyndhurst Mansion.

    Jay Gould, railroad tycoon and one of the wealthiest Americans in history — with an estimated net worth of $95.33 billion in today's money — also purchased an estate in Tarrytown, a Hudson Valley town outside of New York City.

    Other industrialists, like Henry Clay Frick and Andrew Carnegie, resided in large homes in parts of Pittsburgh.
    Henry Clay Frick's residence in Points Breeze, Pittsburgh

    Some magnates of the era resided near their company's operations.

    Carnegie Steel Company founder Andrew Carnegie and chairman Henry Clay Frick both lived in the Point Breeze neighborhood in Pittsburgh, where the company had its headquarters.

    In the Midwest, Cleveland had its own "Millionaires' Row" on Euclid Avenue.
    Cleveland's "Millionaires' Row" on Euclid Avenue

    Euclid Avenue housed some of the most lavish homes in the country and was often compared to Paris' Champs-Élysées, Cleveland Historic reported.

    John D. Rockefeller also lived on the fashionable avenue for nearly 20 years.

    Owning a vacation home in Newport, Rhode Island, was a must during the Gilded Age.
    Newport mansions.

    No Gilded Age industrialist's real estate portfolio was complete without a lavish mansion in Newport, Rhode Island.

    The Vanderbilts were some of the most notable residents, building large estates on the coast like Cornelius Vanderbilt II's The Breakers, which was completed in 1895, and William K. Vanderbilt's Marble House, completed in 1892.

    In the early 1900s, magnates like Henry Flagler built ornate winter homes in Florida.
    Henry Flager's home in Palm Beach, Florida: Whitehall.

    The turn of the century brought a land boom to Florida as magnates like Standard Oil's Henry Flagler — who had an estimated net worth of over $234 million in today's money at the time of his death, as reported by The New York Times and adjusted for inflation — moved to the state to escape the North's harsh winters.

    The early 20th century saw an influx of wealth and rapid development of luxury winter estates, including the construction of Mar-a-Lago by cereal heiress Marjorie Merriweather Post in 1927.

    Today, Florida is still home to some of America's wealthiest, but not just during the winter.
    Jeff Bezos' Indian Creek home in Miami, Florida

    While America's wealthy have been vacationing in Florida for decades, some are now also making the state their full-time home.

    Since the COVID-19 pandemic, the state, which doesn't have a state income tax and offers enjoyable weather year-round, has started attracting millionaires, although Florida's real-estate boom has been slowing down in recent months.

    Today, some of the wealthiest Americans, including Jeff Bezos, who has a net worth of $246.6 billion as of December 2, and is the fourth-richest man alive, call the state home.

    Some Silicon Valley billionaires live in upscale suburbs in the Bay Area.
    Palo Alto mansion on the hills overlooking San Francisco

    Meanwhile, on the other side of the country, some of the richest Silicon Valley billionaires have opted to stay close to the Bay Area, often residing in luxurious suburbs like Los Altos Hills, home to Nvidia's CEO Jensen Huang, or Crescent Park, where Mark Zuckerberg lives.

    The Bay Area is home to 82 billionaires — the most of any area in the world — per Henley & Partners' 2025 World's Wealthiest Cities report.

    While Gilded Age tycoons often flaunted their wealth with ornate, highly visible showpiece homes, some of today's billionaires live in private properties obscured by mountains, greenery, or gates.

    Some of the world's richest people, like Larry Ellison, live just outside San Francisco.
    Larry Ellison's house in Woodside, California

    Living in Woodside, California, which is 30 miles away from the heart of San Francisco, Oracle founder Larry Ellison is a longtime resident of the state, even as his company's headquarters has moved out of Silicon Valley. He has a fortune of $255.6 billion and is the third-richest man in the world as of December 2.

    Other titans keep their dwellings humble, like Warren Buffett's Omaha home.
    Warren Buffett's Omaha home.

    Other modern-day billionaires have opted to keep their riches modest, like Warren Buffett, who has lived in the same Omaha, Nebraska, home since 1958.

    The investor — who has a net worth of $150 billion as of December 2, and is one of the richest men in the world — originally bought the house for $31,500, CNBC reported, which would be around $358,000 today when adjusted for inflation.

    The world's richest man, Elon Musk, lives in a pre-fabricated house in Texas.
    Elon Musk Space X Village in Boca Chica, Texas

    While Elon Musk, the world's richest man, at one point owned luxurious houses in Bay Area suburbs and other California locations like Los Angeles, in 2020, the billionaire sold seven homes in his real estate portfolio and moved to a small, prefabricated home in Boca Chica, Texas, as reported by Architectural Digest.

    The tech mogul has said his Texas home is valued at $50,000 and that he rents it from his company, SpaceX. He also noted that he still owns a Bay Area home he uses to host events.

    Musk lives near SpaceX's launch site, which has since been integrated into a town called Starbase.

    Michael Dell has also stayed close to his company's Texas roots, albeit in a much larger home.
    Barton Creek, Austin, Texas. Michael Dell lives near this neighborhood.

    Michael Dell has stayed in his hometown of Austin, where he built his tech empire. Today, he has an estimated net worth of $149 billion.

    Nicknamed "The Castle," the tech billionaire's Austin home sits on top of a hilltop and is about a 20-mile drive from Dell Technologies' headquarters.

    Bill Gates has also stayed in his hometown.
    Bill Gates' multistory lakefront mansion in Medina, Washington, is surrounded by trees.
    Bill Gates and Melinda French Gates owns 10.5 acres of lakefront property in a tony Seattle suburb.

    Nicknamed Xanadu 2.0, the Microsoft founder's technologically advanced home in Medina, Washington (a suburb of Seattle), spans 66,000 square feet.

    Gates, who has an estimated net worth of $104.4 billion as of December 2, grew up in the city where he founded Microsoft, which remains headquartered there.

    Many of Silicon Valley's wealthiest are buying up getaway estates in Hawaii.
    Hanalei Bay in Kauai, Hawaii. Mark Zuckerberg owns a house in the region

    Figures like Ellison and Zuckerberg have also begun purchasing real estate in Hawaiian islands, where they have prioritized privacy and isolation.

    The Meta CEO's estate on the island of Kauai, named Ko'olau Ranch, includes over 2,300 acres of land, some of which he has used for cattle ranching, and a nearly 5,000-square-foot underground bunker.

    Ellison owns the entire island of Lanai, the sixth-largest island in Hawaii, after purchasing 98% of the island from former Dole Food Company owner David Murdoch for $300 million in 2012, per The Wall Street Journal.

    Other billionaires, such as Walmart heir Rob Walton, are buying estates in places like Arizona.
    Paradise Valley, Arizona.

    While some billionaires have opted for coastal destinations, others have chosen inland escapes.

    Rob Walton, the oldest child of Walmart and Sam's Club founder Sam Walton, who served as Walmart's chairman between 1992 and 2015 and continued to serve on the company's board until 2024, owns a house in the Paradise Valley neighborhood of Arizona, near Scottsdale.

    The Walmart heir has a net worth of $131.7 billion.

    For those who still flock to Manhattan, Billionaires' Row is the new place to live.
    Billionaires Row in Midtown Manhattan.

    While the richest Americans aren't as concentrated in New York City's Fifth Avenue as they once were, many billionaires still call the Big Apple home.

    New York is the city with the most ultrawealthy people — those worth over $30 million — in the world, with 21,380, per a September report by wealth intelligence firm Altrata. It is also home to 66 billionaires, according to Henley & Partners' 2025 Wealthiest Cities report.

    Manhattan's Central Park-facing 57th Street has been nicknamed Billionaires' Row since three of the world's tallest residential buildings were erected on the street. These skyscrapers house some of the most expensive apartments in the world.

    Some people known to own apartments in the street include Michael Dell and hedge fund managers Bill Ackman and Kenneth Griffin.

    Read the original article on Business Insider
  • Why enterprise AI superusers are going best-of-suite

    AI super user

    If you're still looking for best-in-class or best-of-breed when it comes to your enterprise management systems, it might be time to raise your expectations.

    According to Stephan de Barse, president of the global Business Suite for SAP, a new gold standard has emerged — a superlative he calls "best of suite."

    In de Barse's view, the competitive arena for enterprise management now exists within an integrated framework of AI, data, and core applications. That elevates it from a narrower proving ground, where being a "best of breed" provider checks only one or two of those boxes.

    And while being "best of suite" isn't all about AI, the rapid acceleration of AI-centered workflows meant that SAP needed to think differently about the role of AI in enterprise management. This outcome — a clear path and proximity for AI to easily navigate between divisions and functions — is one of the ways the SAP Business Suite lives up to the new designation.

    "Many companies treat AI like a separate layer somewhere in the technology stack," said de Barse. "That way, it's disconnected from your end-to-end business processes and disconnected from your data strategy. The moment AI doesn't make it back to the end-to-end business-process context it's very, very difficult to drive value."

    Stephan de Barse Quote

    AI with suite-wide sweep

    According to McKinsey's on-going tracking of enterprise AI from the C-Suite perspective — captured in regular releases of its State of AI reports — the percentage of organizations that report using AI in three or more divisions more than doubled between 2021 and 2025. Use of AI in four or more company divisions tripled across that time period. Companies using AI across five or more divisions — while starting smaller at 4% of those surveyed in 2021 — posted quadruple growth, forecasting near enterprise-wide ubiquity for AI use.

    building blocks

    This trajectory toward AI native enterprises is significant. Where the AI ROI conversation was once centered around generalized productivity powered by LLMs, de Barse has watched it reach hard improvements in both the P&L (e.g. improvement of topline revenue) and the Balance Sheet (e.g. improvement of working capital).

    He cited the example of an AI agent on the commercial side of an enterprise forecasting deals likely to close. This would send a signal to manufacturing to increase capacity and procurement to line up raw materials.

    "If you think about the entire value chain, from sourcing components to getting a product in the hands of customers, that has to be orchestrated by a series of agents that can help organizations reach better decisions and improve business results," de Barse said. "Customers want to work with us to get there, because they understand this must be across business processes."

    Best in suite meets best in orchestration

    SAP's own proprietary AI interface is known as Joule, which de Barse described as a "superorchestrator" — a single, accessible entry point to all business applications that, in aggregate, determine how an enterprise runs and employees work, as well as the customer experience.

    With Joule, "you ask questions, but you also give instructions," de Barse said. "You don't have to log into five different applications to do something — it's all being orchestrated by Joule. So the way we think about interacting with software becomes different."

    For manufacturers, that can mean an easy conversational prompt to forecast potential supply-chain disruptions and arrive at a solve. In the finance context, it means instant insight into the cash conversion cycle relative to working capital.

    "At the enterprise level, this is happening at an unprecedented pace," he said.

    In de Barse's view, these capabilities also call for cultural shifts within organizations — leaning away from optimizing current processes to rethinking how entire functions should be done, so that what becomes automated and tasked to agents is operating in "best-of-suite" condition.

    "It's pretty exciting. This," he said, "is the opportunity."

    Read the original article on Business Insider
  • Spotify Wrapped has given us all a ‘listening age’ — and it’s making some people mad

    Taylor Swift and the spotify wrapped age number
    Spotify Wrapped has a new "lsitening age" feature, which guesses your age based on your listening habits.

    • Spotify Wrapped has added a new feature, and it's humiliating some of us!
    • Young people who listen to classic rock or '90s music are shocked to be called old.
    • A colleague who's in his 30s and listens to a lot of jazz got an age of 86. I got 59 — and I'm 44.

    Every December, Spotify Wrapped manages to disappoint parents of young children by reminding them that their identity as fully fledged humans has been erased, leaving just a husk of a vessel that exists only to hit the repeat button on "Wheels on the Bus" or the "Encanto" soundtrack.

    But, oh, how the tables have finally turned. Now, young people in their teens and 20s are getting a dose of Spotify's cruel and merciless wrath.

    Spotify Wrapped just added a new metric to its year-end personalized wrap-up: "listening age." In addition to telling you which songs and artists you listened to the most, it will give you an estimated age based on your listening tastes.

    And for some people, it's waaaay off. And Gen Z — and even some of us in the older set — is getting offended.

    Gharieth Edries is only 23, but Spotify just told him his listening age is 50. Edries told me that he isn't totally surprised.

    "I dabbled in a bit of Duran Duran this year, due to my parents, unknowingly realizing that I would become overly obsessed with their artwork and that it would appear in my top 5 artists (their music is just sooooo good)," he said. Duran Duran opened a door to more.

    "Depeche Mode, Wham, Pet Shop Boys, New Order. These are some of my mother's favorite bands, and I completely understand her now."

    Charlotte Ward, 22 in real life, is a big Fleetwood Mac fan, and Spotify pegged her as 68 — "unc" status in Gen Z slang.

    I have also been a victim of Spotify's mis-aging me. I'm a spry and youthful 44, but apparently my listening habits are those of a 59-year-old. (I also like '80s music, although I would have assumed the dominance of the "K-Pop Demon Hunters" soundtrack would have dragged down my average.)

    A few of my colleagues here at Business Insider also got some surprising ages: Economy editor Bartie Scott, who's 36, got 72, and media editor Nathan McAlone, who's also 36, got a whopping 86 years old. (He thinks that's because he listens to a lot of classic jazz while reading at home, which sounds very cozy and also exactly what an 86-year-old would do.)

    Spotify also suggested some people were younger than they actually are. "I got 23 and tbh I think that's more offensive somehow," an unnamed 39-year-old reporter who's too embarrassed to use her real name said in one of our Slacks. And my editor is 47, but Spotify told him he's got the musical tastes of someone who's 30.

    spotify wrpapped
    Nathan McAlone's 86-year-old Spotify habits.

    The exact formula for calculating the listening age is unclear, but my guess is that it involves assuming a listener is 18 to 20 years old at the year a song is released. The assumption is that if you listen to a ton of the Beatles, your listening age is going to be around 75. If you listen to mainly Taylor Swift, you're probably 34. I asked Spotify for its secret sauce, but it didn't immediately respond.

    Is it cringe to listen to music that's way older than you actually are? Well, maybe. Being young and listening to old music is a sign you're developing a deep and varied musical palate, right? The really humiliating thing would be to be 44 and have it accurately peg you for listening to the same stuff that came out when you were in college. Is having the musical tastes of a much younger person cool or not cool? I truly don't know!

    What does it all mean? It's all part of the weird fascination of Spotify Wrapped. Music is so uniquely personal; we feel it says so much about who we are, and we can feel proud or embarrassed by this.

    As someone who has ceded control of Spotify to my kids' whims for the last decade, I am delighted to see others join my pain. Maybe when I'm actually 59, I'll have the time to get back into new music on my own.

    Read the original article on Business Insider
  • ASX dividend shares: How to snowball your passive income

    A businessman in a suit adds a coin to a pink piggy bank sitting on his desk next to a pile of coins and a clock, indicating the power of compound interest over time.

    If you’re a fan of dividend investing as a share market strategy, you might have heard of the term ‘snowball’ to describe the process of building up a stream of passive income from ASX dividend shares.

    It refers to the obvious reputation of a snowball rolling down the hill, growing exponentially larger as it collects ever more snow. It’s an apt metaphor for how successful dividend investing can work.

    The process is simple. First, an investor buys an ASX dividend share that consistently pays out income every six months (or every quarter or every month in some cases).

    The investor then adds to the position when they can. But they also reinvest any dividends they receive back into buying more shares. Now that the investor has more shares to their name, the next time a dividend is paid out, they receive even more dividend income. The process is repeated, and the snowball grows ever larger. Eventually, it will be so large that it can help make our investor fabulously wealthy, and perhaps even fund an early retirement.

    That’s the idea, anyway.

    But today, I thought it would be worthwhile to go through how this might actually look in action.

    How to get your ASX dividend snowball rolling

    We’ll use a hypothetical company for this exercise, just to keep things simple. We’ll assume that our company starts at $1 per share, and pays out a 4 cents per share dividend in its first year, which we will dutifully reinvest to buy more shares.  Every year, its dividend will increase by 4%, and its share price by 5%, which is roughly in line with what the S&P/ASX 200 Index (ASX: XJO) has historically delivered.

    After investing a hypothetical ‘life savings’ of $15,000 in our first year, we committed to buying an additional 3,000 shares every year. Our rising salary from our day jobs will hopefully help in this regard, given that the cost of buying 3,000 shares will go up 5% annually.

    Here’s what it looks like if an investor follows this pattern for 35 years:

    Year Share price Dividend per share Shares added Shares owned Dividend cash flow
    1  $         1.00  $                0.04 0 15,000  $                    600.00
    2  $         1.05  $                0.042 571 18,571  $                    772.57
    3  $         1.10  $                0.043 701 24,272  $                 1,050.11
    4  $         1.16  $                0.045 907 30,179  $                 1,357.90
    5  $         1.22  $                0.047 1,117 36,296  $                 1,698.47
    6  $         1.28  $                0.049 1,331 42,627  $                 2,074.50
    7  $         1.34  $                0.051 1,548 49,175  $                 2,488.90
    8  $         1.41  $                0.053 1,769 55,944  $                 2,944.74
    9  $         1.48  $                0.055 1,993 62,937  $                 3,445.36
    10  $         1.55  $                0.057 2,221 70,158  $                 3,994.27
    11  $         1.63  $                0.059 2,452 77,610  $                 4,595.28
    12  $         1.71  $                0.062 2,687 85,297  $                 5,252.43
    13  $         1.80  $                0.064 2,925 93,222  $                 5,970.04
    14  $         1.89  $                0.067 3,166 101,388  $                 6,752.73
    15  $         2.00  $                0.069 3,376 109,764  $                 7,603.04
    16  $         2.10  $                0.072 3,620 118,385  $                 8,528.16
    17  $         2.21  $                0.075 3,868 127,252  $                 9,533.65
    18  $         2.32  $                0.078 4,118 136,370  $               10,625.41
    19  $         2.43  $                0.081 4,371 145,741  $               11,809.77
    20  $         2.55  $                0.084 4,627 155,367  $               13,093.43
    21  $         2.68  $                0.088 4,885 165,253  $               14,483.56
    22  $         2.81  $                0.091 5,147 175,399  $               15,987.78
    23  $         2.95  $                0.095 5,411 185,810  $               17,614.18
    24  $         3.10  $                0.099 5,677 196,487  $               19,371.39
    25  $         3.26  $                0.103 5,946 207,433  $               21,268.58
    26  $         3.42  $                0.107 6,218 218,651  $               23,315.50
    27  $         3.59  $                0.111 6,491 230,142  $               25,522.51
    28  $         3.77  $                0.115 6,768 241,910  $               27,900.62
    29  $         3.96  $                0.120 7,046 253,956  $               30,461.52
    30  $         4.16  $                0.125 7,326 266,282  $               33,217.63
    31  $         4.37  $                0.13 7,609 278,891  $               36,182.14
    32  $         4.58  $                0.135 7,893 291,784  $               39,369.03
    33  $         4.81  $                0.140 8,179 304,963  $               42,793.14
    34  $         5.05  $                0.146 8,467 318,430  $               46,470.23
    35  $         5.31  $                0.152 8,757 332,188  $               50,416.98

    Passive income compounding in action

    As you can see, the effects of compounding start slowly, but become more and more powerful as time goes on. To illustrate, between our first and second year, our investor only got a $172.57 passive income pay rise. But between years 34 and 35, the increase was worth almost $4,000 alone.

    Another thing to note is that our investor laid down just over $285,000 in capital over this 35-year period. Yet by the end of it, they had a portfolio worth $1.76 million, spitting out more than $50,000 in passive income annually. That’s your snowball in action.

    Finally, it is worth noting that this model assumes many things for the benefits of simplification, which aren’t accurate to real-life investing. For one, share prices do not go up like clockwork every year. Nor do dividend payments in most cases. One year might see a share rise 12%, only to fall by 8% the next. But for quality companies, and every ASX index fund, the long-term trajectory has always been up. As you can see above, the sooner you start investing in quality stocks or index funds, the wealthier you will be, and the more passive income you will bring in.

    The post ASX dividend shares: How to snowball your passive income 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.