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  • How to use ChatGPT to find a job: prompt guide

    OpenAI writing I <3 ChatGPT
    ChatGPT might just be a job seeker's best friend.

    OpenAI

    • The free version of ChatGPT can now search for job listings.
    • Job seekers can use the AI assistant to act as a personal recruiter.
    • Sharing your CV and being exact can help the bot find relevant job opportunities.

    ChatGPT just might be a job seeker's best friend.

    Job seekers have already praised the bot for its convincing cover letters and ability to spruce up a CV — but a new update means the AI assistant can also do your job hunting for you.

    Equipped with GPT-4o, the free version of the bot can now access the internet and trawl through job listings.

    I decided to ask ChatGPT to look for jobs for me, and it came back with some pretty good results. The bot found six roles that matched my experience and location, even offering me tips on who to connect with at each company.

    Here's how to get ChatGPT to act as your personal recruiter.

    1. Be exact and give ChatGPT a persona

    Telling ChatGPT what persona to take on has been shown to improve results.

    Jason Gulya, an AI council chair at Berkeley College, previously told Business Insider that the bot works best when you assign it a persona, such as a specific job role.

    Experts have suggested that beginning prompts with instructions such as "act as a professor" or "act as a marketing professional" followed by a description of the desired outcome improves its responses.

    In this case, I told the bot to act as my "personal recruiter and go job hunting for me."

    I also specifically asked it to search online for journalist jobs in London that I could apply for.

    I also cautioned the bot to ensure the listings were still open and asked it to provide full links to its referenced roles to check the results.

    2. Share your CV

    It's important to share your qualifications with the bot so it can cross-reference your experience with the job requirements.

    I included my CV in my first prompt, highlighting my most relevant experience. I also specified that ChatGPT should only send job roles I was qualified for.

    ChatGPT prompt about job hunting
    How to prompt ChatGPT to search for jobs.

    OpenAI/Business Insider

    3. Ask for clarification

    Like any product that uses AI, ChatGPT can still hallucinate.

    Hallucinations happen when AI-powered bots convincingly present factual errors as truth. Experts warn that this phenomenon could spread misinformation.

    While most of the jobs ChatGPT provided were correct, it still made a few errors. In the case of one job, it misstated the salary, while in an earlier test, it invented a job entirely.

    If you notice something amiss, it's worth asking the bot to check its own answers. I also asked it to share links to easily check my details.

    ChatGPT job hunting, hallucination
    ChatGPT sometimes hallucinates.

    OpenAI/Business Insider

    4. Advice for next steps

    After finding a job, ChatGPT can also help job seekers through the application process.

    Not only can the bot help with cover letters and tailoring a CV, it can also identify relevant people to contact about the role and draft a message.

    Screenshot of ChatGPT job hunting and offering job search tips.
    ChatGPT's job search tips.

    OpenAI/Business Insider

    The chatbot can also help manage expectations by analyzing job seekers' qualifications for various roles.

    ChatGPT provided me with a 600-word analysis of how strong a candidate I was for one role. It cross-referenced my experience with the job requirements, offering me a clear conclusion about the likelihood of landing an interview and sharing three tips to increase my chances.

    And just in case you're wondering, I didn't actually apply for any of these jobs.

    Read the original article on Business Insider

  • Mark Zuckerberg’s summer vacation look includes a $1,150 hypebeast t-shirt

    A photo of Mark Zuckerberg wearing a Balmain shirt while on vacation.
    A photo of Mark Zuckerberg wearing a Balmain shirt while on vacation.

    Courtesy of Backgrid

    • Mark Zuckerberg sported a $1,150 Balmain t-shirt on vacation in Ibiza with his wife.
    • The Meta CEO has been shifting from his classic gray t-shirts and hoodies to more stylish outfits.
    • The internet is warming up to his more fashionable rebrand.

    Mark Zuckerberg — CEO, chairman, up-and-coming fashion icon?

    The Facebook cofounder was recently spotted sporting a $1,150 Balmain t-shirt while vacationing in Ibiza, Spain, with his wife, Pricilla Chan, People reported.

    Available on the Balmain website and Saks Fifth Avenue, the cotton and wool short sleeve crewneck is embossed with the brand's name and logo prominently, giving Zuckerberg a true hypebeast appearance. It's loud — and a switch-up from the quiet luxury shirts he's traditionally worn, where you'd be hard-pressed to spot a logo.

    The knit designer shirt was also paired with reflective sunglasses, dark blue shorts, and a hint of stubble.

    The Meta CEO lately has been veering away from his classic tech bro uniform of the past decade, from jackets over sweatshirts to even a new gold chain that went viral.

    "Zuck with the chain?? Unstoppable," one person wrote on X, formerly Twitter.

    It's not just fans that have taken notice of his more casual and adventurous (well, for a tech boss) outfits. Even Instagram head Adam Mosseri recently said on a podcast that, "I'm totally into it. I think clothes are fun, so I'm very supportive."

    While Zuck dips his toe into more fashionable wear, the fresher style is also working as a gentle rebrand from his heavily meme-ed robotic mannerisms. A stylist previously told Business Insider that shift could be part of a strategy to "make him approachable and show that he's a fun guy."

    And it seems to be working.

    https://platform.twitter.com/widgets.js

    After branching out to pieces ranging from a dragonfly-embellished suit to a gold, tiger-printed shirt, another person took to X to write, "Zuck's personal stylist and PR team are doing the lord's work."

    Read the original article on Business Insider

  • Nvidia CEO Jensen Huang shouts out OpenAI cofounder Ilya Sutskever for sparking ‘the big bang of deep learning’

    Side-by-side image of Ilya Sutskever Jensen Huang
    Nvidia CEO Jensen Huang, right, credited OpenAI cofounder Ilya Sutskever, left, and two renowned computer scientists for pioneering the field of deep machine learning.

    Jack Guez/AF, Slaven Vlasic/Getty Images

    • OpenAI cofounder Ilya Sutskever left his company in May after a failed attempt to oust Sam Altman.
    • He announced on June 19 that he would start a new AI project called "Safe Superintellgence Inc."
    • Nvidia CEO Jensen Huang said Sutskever's past work sparked the "big bang of deep learning."

    Nvidia CEO Jensen Huang had high praise for Ilya Sutskever, the OpenAI cofounder who left his company after a chaotic attempt to oust its chief executive, Sam Altman.

    During a commencement speech on June 14 at the California Institute of Technology, the Nvidia cofounder name-dropped Sutskever and two other renowned computer scientists for their pioneering work on a convolutional neural network (CNN) called AlexNet, which is a program that can conduct image recognition.

    The CNN relied on Nvidia's graphics processing units or GPUs — the very chips that turned the tech company into a multi-trillion dollar company amid the AI boom — to successfully recognize more than a million high-resolution images in 2012, according to the research paper on AlexNet. The model was designed by Alex Krizhevksy, Geoffrey E. Hinton, and Sutskever.

    "Geoff Hinton, Alex Krizhevsky, and Ilya Sutskever used Nvidia CUDA GPUs to train AlexNet and shocked the computer vision community by winning the 2012 ImageNet challenge," Jensen said, referring to the challenge, in which teams of researchers compete to see which one of their programs can most accurately recognize images. "This was the big moment, the big bang of deep learning. A pivotal moment that marked the beginning of AI revolution."

    A 2017 article from Quartz attributed the 2012 competition as the "single event" that sparked the artificial intelligence boom as AlexNet swept its competitors.

    "Well, I endorse his comment, that's all I can say :)" Krizhevsky said in a brief email to Business Insider.

    Sutskever and Hinton did not immediately respond to a request for comment sent outside business hours.

    Three years after AlexNet, Sutskever started OpenAI with Altman, Elon Musk, and a team of researchers.

    His tenure as OpenAI's chief scientist ended in May, six months after he and the company's board members pushed to oust Altman in November.

    Business Insider reported that his role in the chaotic attempt to remove Altman clouded his future at OpenAI. Sutskever later said he regretted his decision to support Altman's dismissal.

    In June, a month after he announced that he would leave the company he cofounded, Sutskever said he was starting a new artificial intelligence venture: Super Safeintelligence Inc., a research lab.

    The lab stated in a release that Super Safeintelligence Inc. has "one goal and one product: a safe superintelligence."

    A spokesperson for Super Safeintelligence did not immediately respond to a request for comment sent outside business hours.

    Read the original article on Business Insider

  • China can’t get enough of Elon Musk’s mom

    Maye Musk smiling
    Maye Musk's book "A Woman Makes A Plan" was a bestseller in China.

    Zhijian Liu/Getty Images

    • Maye Musk, the mother of Elon Musk, is really popular in China.
    • The model and dietician is also singing Tesla's praises while in China.
    • Meanwhile Tesla car sales and its market share in China are lagging.

    Maye Musk, Elon Musk's mom, is a celebrity in her own right.

    The 76-year-old model, dietician, and parent of one of the richest men on Earth has 1.5 million Instagram followers and has appeared on the cover of Sports Illustrated, among others.

    But you know who really loves Maye Musk? China.

    A new report in The Wall Street Journal details just how much.

    "Chinese people like women whose image is elegant and sophisticated," Nadira Aisikaer, a Chinese makeup artist who said she was starstruck when she did Musk's makeup last year, told the outlet. "Western celebrities who are too sexy or bold can't get far in China."

    Altman Peng, a professor at the University of Warwick in the UK, told the Journal Musk was the "perfect idol" for Chinese women who want to have it all — a career and kids — and stay hot while doing it.

    Musk's 2019 memoir was a bestseller in China, and she's become something of an influencer for Chinese brands, according to the Journal, which reported that after she posted on Chinese social-media about a $200 massage waistband, over 140,000 of them sold.

    Musk has also been talking up her billionaire son's work while visiting China. On May 12, Musk posted a photo on Instagram, which is blocked in China, with the location marked Shanghai, of flowers Elon Musk sent her for Mother's Day. She also shared photos of Teslas that she had presumably taken while visiting China.

    "People love their Teslas everywhere I go. How do you like these Tesla colors? They are having fun with them in China," she wrote in the caption.

    Musk also said she got the flowers after doing a TV interview that included admiration for Tesla's Shanghai Gigafactory.

    The EV maker is dealing with lagging sales in China, the world's largest car market, despite earlier years of growth, amid increased competition from Chinese makers.

    Tesla car sales in China were down 18% in April from a year prior, BI previously reported. Also in April Bloomberg reported that Tesla's share of the Chinese auto market fell from 10% to 7.5% over a year.

    But Elon Musk isn't giving up China without a fight. He made a visit to the country in April, and BI's Nora Naughton previously reported that Elon Musk appeared to be sending in reinforcement to shore up its business in China.

    Maybe his mom can help.

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

    Read the original article on Business Insider

  • Which stocks are rising in popularity among self-managed superannuation investors?

    A couple sit on the deck of a yacht with a beautiful mountain and lake backdrop enjoying the fruits of their long-term ASX shares and dividend income.

    Superannuation services provider Vanguard says there has been a “shift in asset allocations” among investors with self-managed superannuation funds (SMSFs) in 2024.

    Vanguard says SMSF trustees have reduced their allocation to cash (from 22% to 18%) and direct shares (from 31% to 27%) and nearly doubled their allocation to exchange-traded funds (ETFs) (from 5% to 8%).

    ASX shares, including ETFs, are the preferred assets of SMSF investors. ATO figures show that $271 billion was invested in shares out of a total of $933 billion in assets under management in the March quarter.

    Cash and term deposits are the second favourite category among SMSFs, with $145 billion invested.

    Why are self-managed superannuation investors buying ETFs?

    Vanguard said the increased allocation to ETFs was a trend among advised and non-advised SMSF investors. In fact, non-advised SMSFs accounted for the bulk of the increase.

    This reflects general trends showing ASX investors are ploughing more money into ETFs as they learn more about them.

    ETFs are a relatively new type of investment. They first traded on the New York Stock Exchange in 1993 and on the ASX in 2001.

    Vanguard says new SMSF investors intend to contribute to the trend.

    A survey of 2,200 SMSF trustees for its 2024 Investment Trends Self Managed Super Fund (SMSF) Report found nearly 60% of newly established SMSFs intend to invest in ETFs over the next 12 months.

    Vanguard said there were three reasons why self-managed superannuation investors were turning to ETFs. They are easy diversification, exposure to specific overseas markets, and liquidity.

    More Aussies setting up SMSFs to take control of investments

    Vanguard says an increasing number of Australians are setting up SMSFs to take control of their superannuation savings.

    Renae Smith, chief of Personal Investor at Vanguard Australia, said:

    The sustained rebound in SMSF establishment rates reflects the growing interest and confidence among investors in managing their own superannuation funds and the autonomous nature of this cohort.

    Their desire for control or choice over investment products or their fund’s asset allocation far outweighs the time, effort and complexity required in managing their funds.

    There were a net 7,099 SMSFs established in the March quarter, according to the ATO. This was the third-biggest quarterly increase over the past five years.

    There are now 616,400 SMSFs in operation in Australia, with 1.15 million members. As we recently reported, the average wealth per SMSF member is $780,254.

    The largest cohort of SMSF members is 75–84-year-olds (15.1% of members), followed by 60–64-year-olds (12.7%) and 65–69-year-olds (12.1%).

    The superannuation preservation age is between 55 and 60 years, depending on when you were born.

    The post Which stocks are rising in popularity among self-managed superannuation investors? appeared first on The Motley Fool Australia.

    Maximise Your Super before June 30: Uncover 5 Strategies Most Aussies Overlook!

    With the end of the financial year almost upon us, there are some strategies that you may be able to take advantage of right now to save some tax and boost your savings…

    Download our latest free report discover 5 super strategies that most Aussies miss today!

    Download Free Report
    *Returns 28 May 2024

    More reading

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

  • A Southwest flight dropped to just 525 feet above an Oklahoma town, prompting an altitude warning and FAA investigation

    Southwest Airlines plane on the runway at Love Field in Dallas, TX
    A Southwest Airlines plane on the runway at Dallas Love Field.

    HUM Images/Universal Images Group via Getty Images

    • A Southwest Airlines flight dropped to just 525 feet above the ground on Wednesday.
    • The incident prompted an altitude warning and an FAA investigation.
    • A Southwest flight dropped dangerously low off the coast of Hawaii in April. 

    A Southwest Airlines flight dropped dangerously low over an Oklahoma town while preparing to land on Wednesday.

    The Federal Aviation Administration is investigating Southwest Flight 4069 after the aircraft descended to just 525 feet above the ground, the agency said this week.

    "After an automated warning sounded, an air traffic controller alerted the crew of Southwest Airlines Flight 4069 that the aircraft had descended to a low altitude nine miles away from Will Rogers World Airport in Oklahoma City," the FAA said in a statement.

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

    The plane was just above Yukon, Oklahoma, when its altitude prompted an alert, according to flight radar data, which shows the incident occurred right after midnight on Wednesday.

    An air controller at the airport issued an altitude alert to the plane's crew, asking if the pilot was "good," according to CNN.

    The Boeing 737-800 jet quickly adjusted and momentarily re-ascended before landing safely at the airport.

    A spokesperson for Southwest told Business Insider said the airline is following its "robust" safety management system and has been in contact with the FAA in an effort to "understand and address any irregularities with the aircraft's approach to the airport."

    "Nothing is more important to Southwest than the safety of our customers and employees," the spokesperson said.

    In April, a Southwest flight nearly crashed into the ocean after a pilot accidentally sent the plane into a dive off the coast of Hawaii. A less experienced pilot caused the plane to plummet from an altitude of 1,000 feet to just 400 feet above the Pacific Ocean in a matter of seconds amid bad weather, according to a recent Bloomberg report.

    Read the original article on Business Insider

  • These ASX shares could rise 20% and ~40%

    A man sees some good news on his phone and gives a little cheer.

    Are you looking for big returns for your investment portfolio?

    Of course you are! Who wouldn’t want to grow their wealth at a rapid rate?

    So, without further ado, let’s take a look at three ASX shares that analysts have named as buys and are tipping to rise strongly. Here’s what you need to know about them:

    Flight Centre Travel Group Ltd (ASX: FLT)

    Morgans thinks that Flight Centre could be an ASX share to buy for big returns.

    This is due to the benefits of its transformed business model and the travel recovery. It said:

    FLT has the greatest risk, reward profile of our travel stocks under coverage. The risk is centred around execution given its changed business model, while the reward is material if FLT delivers on its 2% margin target. If achieved, this would result in material upside to consensus estimates and valuations. FLT is targeting to achieve this margin in FY25. With greater confidence in the travel recovery and the benefits of Flight Centre’s transformed business model already emerging, we think the company is well placed over coming years.

    Morgans has an add rating and $27.27 price target on its shares. This implies potential upside of 38% over the next 12 months.

    Smartgroup Corporation Ltd (ASX: SIQ)

    The team at Bell Potter is bullish on Smartgroup and sees the salary packaging company as an ASX share to buy.

    It believes the company would be a good option due to its exposure to the growing electric vehicles market. It said:

    SIQ provides a unique exposure to the growing demand profile for renewable fuels and vehicle electrification on the ASX. Australia will need to achieve a 50% sales share for low emission vehicles by 2035 to meet transport emission targets of 95.3 Mt CO₂-e; and we view the New Vehicle Efficiency Standard as an additional means to meet this ambition through incentivised dealer volumes. EVs currently represent around 1% of the light duty vehicle stock in Australia.

    Bell Potter has a buy rating and $11.00 price target on its shares. This suggests that upside of 28% is possible from current levels.

    Worley Ltd (ASX: WOR)

    Analysts at Goldman Sachs think that this engineering company’s shares are undervalued at current levels. Particularly given how the company remains well-placed to benefit from the energy transition. It said:

    WOR is well positioned to play a role in enabling the transition from fossil fuels to a more sustainable energy mix in the LT, leveraging its experience in providing engineering and maintenance services for complex energy/chemicals works, existing client relationships, and management’s stated focus on expanding the company’s transition footprint.

    Goldman has a buy rating and $17.50 price target on the ASX share. Based on its current share price of $14.25, this implies potential upside of 23% for investors over the next 12 months. The broker also expects a 3.7% dividend yield in FY 2024.

    The post These ASX shares could rise 20% and ~40% appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Flight Centre Travel Group Limited right now?

    Before you buy Flight Centre Travel 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 Flight Centre Travel 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…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

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

  • 4 of the best ASX ETFs to buy and hold for a decade

    Smiling couple looking at a phone at a bargain opportunity.

    If you’re looking for an easy way to invest your money for the long term, then it could be worth looking at the exchange traded funds (ETFs) in this article.

    Here’s why they could be quality long-term options for investors this month:

    Betashares Energy Transition Metals ETF (ASX: XMET)

    The first ASX ETF that could be a good long term option is the Betashares Energy Transition Metals ETF. It gives investors easy access to global producers of copper, lithium, nickel, cobalt, graphite, manganese, silver, and rare earth elements. These are all metals that will be pivotal to the decarbonisation of the planet. Analysts at Betashares named it on the fund manager’s list of 12 ASX ETFs ideas for 2024. They note that “both electric cars and clean energy use notably more metals than their conventional counterparts, and many of these minerals have highly concentrated and insecure supply chains.”

    BetaShares Global Cybersecurity ETF (ASX: HACK)

    Another ASX ETF that could be a great long term option is the BetaShares Global Cybersecurity ETF. It provides investors with access to the leading players in the cybersecurity sector. This is a big market to be in. Betashares highlights that “an estimate of the total addressable market by McKinsey suggests that the cybersecurity market is $1.5-$2.0 trillion globally, and at best only 10% penetrated with a very long runway for growth.” This gives the companies included in the fund a significant growth opportunity over the next decade.

    BetaShares NASDAQ 100 ETF (ASX: NDQ)

    If you are looking for long term options, then it is hard to ignore the extremely popular BetaShares NASDAQ 100 ETF.  It isn’t hard to see why so many investors buy this ETF. That’s because it gives investors access to 100 of the largest non-financial shares on the famous NASDAQ index. These are the giants of our age. They provide ours phones, electric vehicles, social media sites, streaming services, spreadsheets, online stores, search engines, and graphics cards we use daily.

    iShares S&P 500 ETF (ASX: IVV)

    A fourth ASX ETF that could be a top option for investors is the iShares S&P 500 ETF. This fund give you access to 500 of the top listed companies on Wall Street. This means that you will be investing in a diverse group of shares, including countless household names, from a range of different sectors. This includes the majority of the companies included in the NASDAQ 100 ETF.

    The post 4 of the best ASX ETFs to buy and hold for a decade appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Betashares Global Cybersecurity Etf right now?

    Before you buy Betashares Global Cybersecurity 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 Betashares Global Cybersecurity 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.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor James Mickleboro has positions in BetaShares Nasdaq 100 ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended BetaShares Global Cybersecurity ETF, BetaShares Nasdaq 100 ETF, and iShares S&P 500 ETF. The Motley Fool Australia has positions in and has recommended BetaShares Global Cybersecurity ETF and BetaShares Nasdaq 100 ETF. The Motley Fool Australia has recommended iShares S&P 500 ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Brokers name 3 ASX dividend shares to buy

    Two brokers analysing stocks.

    Are you hunting for some ASX dividend shares to add to your income portfolio next week?

    If you are, then take a look at the three listed below that brokers rate as buys.

    Here’s what they are expecting from them in the near term:

    Challenger Ltd (ASX: CGF)

    Analysts at Goldman Sachs think that this annuities company could be an ASX dividend share to buy. The broker currently has a buy rating and $7.50 price target on its shares.

    It likes “CGF because: 1) it has exposure to the growing superannuation market across Life and Funds Management; 2) higher yields should drive a favorable sales environment for retail annuities as well as an improvement in margins; 3) its annuity book growth looks well supported through a diversified distribution strategy.”

    As for income, the broker is forecasting fully franked dividends of 26 cents per share in FY 2024, 27 cents per share in FY 2025, and then 28 cents per share in FY 2026. Based on the current Challenger share price of $6.74, this will mean dividend yields of 3.85%, 4%, and 4.15%, respectively.

    Dexus Industria REIT (ASX: DXI)

    Another ASX dividend share that has been named as a buy is Dexus Industria. It is a real estate investment trust with a focus on industrial warehouses.

    Morgans is a fan of the company. This is due to its belief that “DXI’s industrial portfolio remains robust with the outlook positive for rental growth.”

    The broker expects this to support dividends per share of 16.4 cents in FY 2024 and then 16.6 cents in FY 2025. Based on the current Dexus Industria share price of $3.02, this will mean dividend yields of 5.4% and 5.5%, respectively.

    Morgans has an add rating and $3.18 price target on its shares.

    Transurban Group (ASX: TCL)

    A third ASX dividend share that could be a buy for income investors according to brokers is Transurban. It manages and develops urban toll road networks in Australia and the United States.

    Citi is bullish due to its positive exposure to inflation. It has a buy rating and $15.50 price target on its shares.

    Its analysts are also expecting some good yields from its shares in the near term. Citi is forecasting dividends per share of 63.6 cents in FY 2024 and then 65.1 cents in FY 2025. Based on the current Transurban share price of $12.55, this will mean yields of 5.1% and 5.2%, respectively.

    The post Brokers name 3 ASX dividend shares to buy appeared first on The Motley Fool Australia.

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

    Before you buy Challenger 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 Challenger 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

    Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 Goldman Sachs Group and Transurban Group. The Motley Fool Australia has recommended Challenger. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Retirement regret: What 1 in 4 Aussies wish they’d done after quitting work

    Elderly couple look sideways at each other in mild disagreement

    There are 4.2 million retirees in Australia today, and according to new research by life insurer TAL, 28% of them wish they’d spent their money more freely and enjoyed the early years of their retirement more.

    A further 16% wished they’d worried less about saving their superannuation for a rainy day.

    TAL has just released a research paper documenting what retirees wish they’d known before retiring.

    Let’s delve deeper and discover the lessons this provides for pre-retirees still in the workforce today.

    Retirement regret 1: Not planning well enough

    The research shows 22% of current retirees are concerned their superannuation monies will run out. This has led to financial stress among 32% of retirees aged over 80 years as they draw down their savings.

    The AFSA Retirement Standard provides guidance on how much Australians need for retirement.

    It says Australian couples need $690,000 in superannuation, and singles need $595,000, plus full home ownership and a part-pension, to afford a ‘comfortable retirement’.

    Alternatively, just $100,000 in superannuation for couples and singles, plus a part-pension and full home ownership, is enough for a ‘modest retirement’.

    These figures assume retirees draw down their super capital and invest it with a return of 6% per annum.

    According to the Australian Bureau of Statistics (ABS), superannuation is the main source of income for more than one in four retirees and at least one source of income for almost 40% of retirees.

    Retirement regret 2: You may be forced to retire early

    Many people expect to retire between the ages of 65 and 69 but 59% retired earlier, according to TAL.

    This reinforces the need to plan ahead financially, as you may not have until your 60s to get organised.

    A new report from the ABS reveals four of the top five reasons for retirement involve unforeseen circumstances. Examples include redundancy, injury, or having to care for someone else.

    Ashton Jones, General Manager of Growth, Retirement & Wealth Partnerships at TAL, said:

    When retirement arrives sooner than expected, it can derail a person’s ability to prepare as much as they’d like to.

    Some common themes that emerged for retirees were that many wish they’d put more into superannuation when they had the chance, or that they’d started salary sacrificing earlier.

    Financial advisory Findex says more than one in two Australians are unaware of the significant tax savings available through salary sacrificing or making extra personal contributions to their superannuation.

    Retirement regret 3: Not expecting to live this long!

    The TAL report reveals one-third of retirees expect to live longer than they anticipated when they first retired. TAL says this highlights the benefits of retirement products that pay an income for life.

    Upon retiring, Australians typically take one of five actions with their superannuation nest eggs.

    The most popular choice is converting super into a regular income stream via a pension account (34%). A further 27% left their money in their existing super account. A lump sum was taken by 15%. Finally, 18% moved some or all of their super monies into a lifetime retirement income stream, like an annuity.

    Were retirees happy with the decisions they made?

    With the benefit of hindsight, it seems many people would have made different financial choices in retirement.

    The research showed 56% of retirees who withdrew all or most of their super were happy with that decision.

    By contrast, 87% of retirees who moved their money into a lifetime income stream or pension account were happy with that call.

    The post Retirement regret: What 1 in 4 Aussies wish they’d done after quitting work appeared first on The Motley Fool Australia.

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    Motley Fool contributor Bronwyn Allen 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.