Tag: Motley Fool

  • 3 ASX All Ords shares rocketing over 10% today

    A man clenches his fists in excitement as gold coins fall from the sky.

    A man clenches his fists in excitement as gold coins fall from the sky.

    The ASX All Ordinaries index is having a decent session. In afternoon trade, the index is up 0.3%.

    While this is positive, it is nothing compared to some of the gains being made on the index on Thursday.

    Here’s why these ASX All Ords shares are up over 10% today:

    Chalice Mining Ltd (ASX: CHN)

    The Chalice Mining share price is up 12% to $1.36. This is despite there being no news out of the mineral exploration company on Thursday.

    However, it is worth highlighting that the ASX All Ords share has been hammered over the last 12 months. So, this could mean that bargain hunters are swooping in today.

    In addition, short sellers have been targeting its shares. It’s possible that some short sellers are buying shares to close their positions.

    Magnetic Resources NL (ASX: MAU)

    The Magnetic Resources share price is up 12% to $1.09. Investors have been buying the gold developer’s shares following the release of the pre-feasibility study (PFS) from the 100% owned Lady Julie Gold Project in Western Australia.

    As you might have guessed from the share price reaction, the study has delivered strong results.

    According to the release, the PFS confirms that Lady Julie is a financially robust project with low-cost, high margin gold production of 720,000 ounces over a nine-year life of mine.

    Management estimates that this will generate total EBITDA of A$982 million at a gold price of A$2,800 per ounce. Furthermore, this increases to A$1,191 million based on current spot prices.

    Zip Co Ltd (ASX: ZIP)

    The Zip share price is up 13% to $1.32. This has been driven by the release of a broker note out of UBS this morning.

    According to the note, the broker has upgraded Zip’s shares to a buy rating with a $1.43 price target from just 36 cents.

    UBS has been impressed with Zip’s improving profitability and user growth in the key United States market. It also believes that its margins can improve from cost control efforts and new product launches.

    The post 3 ASX All Ords shares rocketing over 10% today appeared first on The Motley Fool Australia.

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

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

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

    See The 5 Stocks
    *Returns as of 1 February 2024

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Zip Co. 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.

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  • Cash kings: 2 top ASX dividend shares that pay quarterly

    Beautiful young couple enjoying in shopping, symbolising passive income.Beautiful young couple enjoying in shopping, symbolising passive income.

    ASX dividend shares are capable of paying big dividend yields. Some investors may be looking for regular payments, so I’m going to talk about two stocks that pay every quarter.

    Term deposits are a safe form of investment, protecting us from capital losses, but they lack the potential of capital gains, and we have to wait a long time for an annual payout.

    I think the stocks below have the potential to deliver great quarterly income and good growth, particularly when interest rates start to be cut.

    Charter Hall Long WALE REIT (ASX: CLW)

    This real estate investment trust (REIT) owns a variety of properties, including pubs and bottle shops, telecommunication exchanges, service stations, grocery and distribution, food manufacturing, Bunnings properties and so on.

    In the first half of FY24, its weighted average lease expiry (WALE) was 10.8 years, giving it long-term income security. It also had an occupancy rate of 99.9%, which means the property portfolio is generating almost as much rental income as it possibly can.

    The ASX dividend share has rental increases built into its contracts, with just over half linked to CPI inflation and the rest having a fixed annual increase.

    It’s currently paying a quarterly dividend of 6.5 cents per share and expects to pay a distribution per security of 26 cents for FY24, which is a distribution yield of 7%.

    GQG Partners Inc (ASX: GQG)

    GQG is one of the biggest fund managers listed on the ASX. It recently reported its funds under management (FUM) had reached US$137.5 billion at the end of February 2024. This was up from US$120.6 billion at December 2023, and significantly more than the average FUM of US$101.9 billion during 2023.

    The ASX dividend share has committed to a dividend payout ratio of 90% of distributable earnings.

    Its funds’ impressive performance and ongoing inflows – US$3 billion of net inflows in the first two months of 2024 – give me belief that the company can deliver dividend growth in 2024 and beyond.

    The business is paying a dividend every quarter. In 2024, the Commsec projection is that it could pay a dividend per share of 18.2 cents, which is a forward dividend yield of 8.25%.

    The post Cash kings: 2 top ASX dividend shares that pay quarterly appeared first on The Motley Fool Australia.

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

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

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

    See The 5 Stocks
    *Returns as of 1 February 2024

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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 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.

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  • 2 fantastic ASX ETFs to buy for global investing in March

    Image of a woman holding a model of earth on a green backdrop.

    There’s a whole world of opportunities when it comes to investing, you don’t just have to have a portfolio filled with Australian companies.

    The good news is that the emergence of exchange traded funds (ETFs) has made investing globally so much easier.

    That’s because there are plenty of ASX ETFs out there that provide investors with easy access to large groups of international stocks in one fell swoop.

    This could make them great complements of a portfolio that is made up predominantly of ASX shares.

    But which ASX ETFs could be good options for global investing? Two that tick a lot of boxes are listed below. Here’s what you need to know about them:

    Vanguard MSCI Index International Shares ETF (ASX: VGS)

    The first ETF for investors to look at is the Vanguard MSCI Index International Shares ETF.

    It is a very popular fund with Australian investors and has net assets of just under $7 billion.

    Investors appear attracted to the ETF due to it offering exposure to around 1,400 of the world’s largest listed companies from 23 developed countries. This includes the U.S, Japan, U.K, Canada, France, and Switzerland.

    The fund manager, Vanguard, highlights that investing internationally offers greater access to sectors such as technology and health care that aren’t as well represented in the Australian share market.

    Among the ETF’s largest holdings are high quality names such as Apple, ASML, Novo Nordisk, Nestle, Nvidia, and Tesla.

    Vanguard All-World ex-U.S. Shares Index ETF (ASX: VEU)

    Another ASX ETF that could be a top option for global investing is the Vanguard All-World ex-U.S. Shares Index ETF.

    It provides investors with access to approximately 3,500 companies listed in developed and emerging markets across the globe but excludes the United States.

    This means it could be a good option if you already have a lot of exposure to the US market with a fun like the Betashares Nasdaq 100 ETF (ASX: NDQ).

    Its largest country allocations (in order) are Japan, United Kingdom, France, China, and Canada, with Australia accounting for approximately 51% of its portfolio.

    Among its holdings you’ll find a diverse group of shares such as Royal Bank of Canada, LVMH Moet Hennessy Louis Vuitton, Sony, and Taiwan Semiconductor.

    The post 2 fantastic ASX ETFs to buy for global investing in March appeared first on The Motley Fool Australia.

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

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

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

    See The 5 Stocks
    *Returns as of 1 February 2024

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    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 ASML, Apple, BetaShares Nasdaq 100 ETF, Nvidia, Taiwan Semiconductor Manufacturing, and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Nestlé and Novo Nordisk. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has recommended ASML, Apple, Nvidia, and Vanguard Msci Index International Shares ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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  • A 10% dividend yield from Westpac shares? Here’s how these income investors achieved it!

    A man sits thoughtfully on the couch with a laptop on his lap.A man sits thoughtfully on the couch with a laptop on his lap.

    Westpac Banking Corp (ASX: WBC) shares hit new 52-week highs today.

    At time of writing on Thursday afternoon, shares in the S&P/ASX 200 Index (ASX: XJO) bank stock are up 0.1% trading for $26.96 apiece.

    That sees shares up 28% in just the past six months.

    And the big four bank stock could get more support amid the ongoing $1.5 billion on market share buyback.

    Atop from the potential for these kinds of outsized capital gains, Westpac shares are also popular among passive income investors for their reliable, twice yearly fully franked dividends.

    Westpac paid an interim dividend of 70 cents per share on 27 June. And the bank delivered a final dividend of 72 cents per share on 19 December, just in time for Christmas!

    Pleasingly for passive income investors, the full year’s $1.42 per share payout was up 13.6% from the prior year.

    At the current share price, this sees Westpac shares trading on a fully franked trailing yield of 5.3%.

    So, how are some income investors earning a dividend yield of almost 10%?

    Buying Westpac shares when fear grips the markets

    The answer lies in their timing.

    Specifically, in buying stock when everyone else was gripped by fear during the early months of the COVID-19 pandemic.

    Atop involving a significant element of luck, this also required some very serious bravery from investors who grabbed Westpac shares after the brutal six week sell off in February and March 2020.

    Now, trying to time the market and get in on the lows can easily backfire.

    Many investors might find the stock they thought had reached its lows will continue to fall far more. Hence the term ‘catching a falling knife’.

    Others might find themselves still sitting on the sidelines long after the stock has bottomed and is on its way towards new highs.

    But for investors who bought Westpac shares on 27 March 2020, the rewards have been ample.

    Having crashed 42% in a month, the ASX 200 bank stock closed the day trading for $14.89 a share.

    That means investors who bought on the day will now be earning a fully franked dividend yield of 9.5% from those shares.

    Not to mention that they’ll have watched their bargain basement Westpac shares gain 81% since then.

    The post A 10% dividend yield from Westpac shares? Here’s how these income investors achieved it! appeared first on The Motley Fool Australia.

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

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

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

    See The 5 Stocks
    *Returns as of 1 February 2024

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

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  • Is 60 too old to start buying ASX shares?

    Three generations of male family members enjoy the company as they plan future financial goals together on a trek outdoors.

    Three generations of male family members enjoy the company as they plan future financial goals together on a trek outdoors.

    If you’ve gone your whole life without buying and investing in ASX shares, by the time you get to age 60, you might be thinking, ‘What’s the point’.

    After all, you’ll often hear people, including the legendary Warren Buffett, talk about the amazing power of compounding, and how the magic of the share market only becomes apparent after decades of patient investing.

    So let’s talk about a hypothetical would-be investor who has just turned 60 and is wondering whether it’s worth beginning an ASX share investing journey.

    We’ll assume our 60-year-old has paid off most or all of their house and has amassed a decent pile of cash. Let’s say it’s $150,000 in their bank after four decades in the workforce. We’ll also assume that this person is intending to retire at age 67.

    So we have someone with seven years until retirement.

    Let’s compare the benefits of investing in ASX shares against leaving cash in the bank.

    Is 60 too late to buy ASX shares?

    As we discussed this afternoon, the returns of ASX shares over long periods of time simply dwarf those available from ‘safe’ investments like cash and term deposits.

    Last year, our chief investment officer, Scott Phillips, discussed how an investment in a simple ASX shares index fund returned an average of 9.2% per annum over the 30 years to 31 July 2023. That was enough to turn a $10,000 investment into $138,778 over those 30 years, with no additional investments (apart from the reinvestment of dividends).

    In contrast, leaving that money in the bank would have seen your $10,000 grow to just $34,737. That’s with an average return of 4.2% per annum.

    If our 60-year-old would-be investor kept their life savings in the bank with those cash returns (plus an additional $500 a month), they could expect to have just under $250,000 by the time they hit 67.

    But if they choose to invest by buying ASX shares instead, that final sum would look more like $343,000.

    That’s enough to make a real positive impact on our investors’ retirement plans.

    However, there are some caveats we need to discuss. As most of us know, the share market is a volatile place.

    Yes, its long-term returns are compelling. But there’s no guarantee whatsoever that our investor will net 9.2% per annum over the next seven years.

    It could be more. But it could also be less. Particularly if there is a nasty market crash or correction thrown into the mix. Past returns are never a certain indicator of future ones.

    Because our investor are so close to retirement age, it might be prudent to keep some of their money in cash, and invest the rest in shares. That way, they can ride out any major market crashes in relative comfort.

    Foolish takeaway

    We can’t pretend that anyone would be far better off starting their ASX share investing journey at age 30 or 20 than at age 50 or 60. Compounding does become exponentially more powerful with each passing year.

    However, there’s also no age where it’s too late to buy ASX shares, and their benefits can’t be harnessed to your advantage.

    The post Is 60 too old to start buying ASX shares? appeared first on The Motley Fool Australia.

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

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

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

    See The 5 Stocks
    *Returns as of 1 February 2024

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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.

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  • 3 ASX 200 REITs receiving broker upgrades today

    Increasing blue arrow with wooden property houses representing a rising share price.Increasing blue arrow with wooden property houses representing a rising share price.

    Top brokers say these three ASX 200 real estate investment trusts (REITs) are the real estate shares to buy today.

    As reported in The Australian, here are their 12-month price targets on the stocks.

    Buy these ASX 200 REITs, say brokers

    Arena REIT No 1 (ASX: ARF)

    Barrenjoey has upgraded its rating on the Arena REIT to overweight.

    The broker has placed a 12-month price target of $3.75 on the ASX 200 real estate share.

    The ASX 200 REIT is currently changing hands for $3.46 per share, down 0.57% for the day.

    Charter Hall Group (ASX: CHC)

    CLSA has raised its rating on the Charter Hall REIT to accumulate.

    The broker has a 12-month price target of $13.74 on Charter Hall.

    These ASX 200 real estate shares are currently selling for $12.54, down 0.52% on Thursday.

    That leaves a potential 9.5% upside for investors buying this ASX 200 REIT today.

    Ingenia Communities Group (ASX: INA)

    CLSA has also upped its rating on another ASX 200 REIT — this time Ingenia Communities.

    The new rating is accumulate.

    These ASX 200 real estate shares are currently trading for $5 apiece.

    The broker sees value here given its 12-month price target of $5.51.

    This implies a potential 10% upside for investors buying today.

    The post 3 ASX 200 REITs receiving broker upgrades today appeared first on The Motley Fool Australia.

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

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

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

    See The 5 Stocks
    *Returns as of 1 February 2024

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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.

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  • Buy this ASX 200 gold share with 30% upside before it’s too late

    Woman holding gold bar and cheering.

    Woman holding gold bar and cheering.

    With the gold price hitting a record high this month on rate cut optimism and Middle East tensions, you might think that it is too late to invest in the gold sector.

    The good news is that according to one leading broker, it isn’t too late for investors to jump in.

    In fact, the broker sees a potential gain of 30% for investors over the next 12 months from one leading ASX 200 gold share.

    Which ASX 200 gold share is a buy?

    According to a note out of Bell Potter this week, its analysts have named Regis Resources Ltd (ASX: RRL) among their preferred picks in March.

    It likes the owner of the Duketon Gold Project due to its organic growth potential, local operations, and M&A appeal. It explains:

    RRL is an established multi-mine gold producer with all its operating mines located in Western Australia. The Duketon Gold Project (located in the Laverton region 350km north, north-east of Kalgoorlie in WA) is RRL’s flagship project and comprises the Duketon North Operations (DNO) and the Duketon South Operations (DSO) which produce a combined ~300kozpa.

    As one of the largest ASX listed gold producers, we are attracted to its all-Australian asset portfolio and organic growth options which are unique at this scale. Furthermore, we see key opportunities in the fundamental, medium-term outlook and, in our view, these may also make RRL an appealing corporate target in the current conducive M&A environment.

    Bell Potter currently has a buy rating and $2.60 price target on the ASX 200 gold share.

    Based on the current Regis Resources share price of $2.00, this suggests potential upside of 30% between now and this time next year.

    The post Buy this ASX 200 gold share with 30% upside before it’s too late appeared first on The Motley Fool Australia.

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

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

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

    See The 5 Stocks
    *Returns as of 1 February 2024

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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 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.

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  • Becoming a millionaire: Why savings accounts aren’t the answer

    Woman and man calculating a dividend yield.

    Woman and man calculating a dividend yield.

    Who wants to be a millionaire? Well, we all probably do. Having at least $1 million in assets outside the family home would put you far down the path of financial independence, and ensure a comfortable retirement without depending on the Age Pension. But you should think again if you think that you can get there by using savings accounts alone.

    Almost every Australian has a savings account. It’s a bank account that pays you a competitive interest rate in exchange for trusting your bank or financial institution with your hard-earned capital.

    Thanks to the highest interest rates we’ve seen in more than a decade, some savings accounts are offering interest rates as high as 5.5% today.

    Investors not used to seeing these kinds of returns on ‘safe’ investments like cash savings accounts and term deposits might think that they can easily save their way to $1 million, without investing in ‘riskier’ assets like ASX shares.

    But that would be a mistake, according to renowned AMP economist Shane Oliver.

    Savings accounts won’t make you rich

    In a recent edition of ‘Oliver’s Insights’, the economist starts by quoting investment author Robert Allen: “How many millionaires do you know who have become wealthy by investing in savings accounts?”.

    He then goes on to say this:

    Cash and bank deposits are low risk and fine for near term spending requirements and emergency funds, but they won’t build wealth over long periods of time… Despite periodic setbacks… shares and other growth assets like property… provide much higher returns over the long term than cash and bank deposits.

    Oliver went on to show investors that $1 invested in cash assets in January 1900 would be worth $256 today. That’s with an average annual return of 4.6%.

    In contrast, Oliver highlights that if an investor put that $1 into ASX shares instead, it would be worth a staggering $869,273 today, with an average return of 11.7% per annum.

    That’s a big price to pay for ‘safety’.

    This is a view that is shared here at the Motley Fool. Every year, our chief investment officer Scott Phillips likes to look at the annual ‘Vanguard Chart’.

    This chart is released by index fund provider Vanguard. Every year it shows that investing in ASX shares trounces the return of cash over any significant period of time.

    Last year’s chart proved that a 30-year investment in ASX shares produced an average return of 9.2% per annum. In contrast, cash investments gave back just 4.2% per annum.

    Thanks to the power of compounding, these returns can make for an eye-watering difference the longer you can invest, as Oliver’s numbers prove.

    So if you’re serious about building wealth and becoming a millionaire, now you know that cash is indeed trash, and ASX shares are a far better path to follow.

    The post Becoming a millionaire: Why savings accounts aren’t the answer appeared first on The Motley Fool Australia.

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

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

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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.

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  • Government announces superannuation boost – here’s who benefits

    A smiling woman sits in front of her laptop with her baby in her lap looking at her rising ASX shares including the VAS ETFA smiling woman sits in front of her laptop with her baby in her lap looking at her rising ASX shares including the VAS ETF

    Superannuation will be added to the Federal Government’s paid parental leave (PPL) benefit under a reinstated policy proposal announced today.

    Federal Labor previously announced this policy idea prior to the 2019 election. But the party dumped it before the May 2022 poll due to higher priorities.

    Today, Minister for Women and Finance, Senator Katy Gallagher, said it was back on the agenda.

    The proposal will be included in the May Budget with a proposed start date of 1 July 2025.

    This means the start date will be after the next Federal election, which must be held by May 2025.

    How much superannuation will new parents get?

    The superannuation guarantee rate increases to 12% on 1 July 2025.

    Thus, parents receiving PPL will be paid 12% of the national minimum wage, which is currently $882.80 per week.

    Ms Gallagher said adding superannuation to PPL would bring it into line with other entitlements like sick leave and annual leave, and reduce the impact of parental leave on retirement savings.

    Ms Gallagher said that on average, women retire with 25% less superannuation than men.

    This is largely because many women take time out of the workforce to care for their children.

    Gallager said:

    Paying super on Government parental leave is an important investment to help close the super gap and make decisions about balancing care and work easier for women.

    Minister for Social Services, Amanda Rishworth, said PPL was not a welfare payment but a workplace entitlement.

    Ms Rishworth said Labor had made PPL more accessible, flexible and gender-neutral, and adding superannuation was an additional investment in the scheme.

    The Treasurer, Jim Chalmers, said the government wanted women to have greater economic inclusion.

    Chalmers said:

    Paying super on Paid Parental Leave is part of our efforts to ensure women earn more, keep more of what they earn, and retire with more as well.

    In the long-term, this important change means a more dignified and secure retirement for more Australian women.

    Time on PPL to be expanded under Bill before Senate

    Federal Labor is also seeking to expand the PPL scheme, with a Bill currently before the Senate that proposes a phased extension of the scheme from 20 weeks at minimum wage to 26 weeks by 2026.

    If passed, new parents will be entitled to an extra fortnight of paid leave from 1 July this year. This will increase to 24 weeks from 1 July 2025 and 26 weeks from 1 July 2026.

    The post Government announces superannuation boost – here’s who benefits appeared first on The Motley Fool Australia.

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

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

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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.

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  • Why Camplify, Platinum, Rio Tinto, and Woodside shares are dropping today

    a man weraing a suit sits nervously at his laptop computer biting into his clenched hand with nerves, and perhaps fear.

    a man weraing a suit sits nervously at his laptop computer biting into his clenched hand with nerves, and perhaps fear.

    The S&P/ASX 200 Index (ASX: XJO) has followed Wall Street’s lead and is edging higher on Thursday. At the time of writing, the benchmark index is up slightly to 7,734.7 points.

    Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are dropping:

    Camplify Holdings Ltd (ASX: CHL)

    The Camplify share price is down 4% to $1.93. This follows news that Tourism Holdings Ltd (ASX: THL) has sold off its stake in the company. According to the release, Tourism Holdings sold its 14.14% stake in the peer-to-peer recreation vehicle rental operator for $1.90 per share. This represents a total consideration of $19.2 million.

    Platinum Asset Management Ltd (ASX: PTM)

    The Platinum share price is down 5% to $1.14. This may have been driven by profit taking from some investors following a strong gain this month. For example, prior to today, the fund manager’s shares were up 14% since the start of March. This was driven by the release of its half-year results after the market close on 29 February.

    Rio Tinto Ltd (ASX: RIO)

    The Rio Tinto share price is down over 2% to $120.96. This has been caused by the mining giant’s shares going ex-dividend this morning for its final dividend. In fact, if you took this dividend out of the equation, the miner’s shares would be pushing higher today. Eligible shareholders can look forward to being paid Rio Tinto’s $3.93 per share final dividend next month on 18 April.

    Woodside Energy Group Ltd (ASX: WDS)

    The Woodside share price is down 3% to $29.62. This has also been driven by the energy giant’s shares going ex-dividend this morning. Eligible shareholders will be paid its fully franked 91.5 cents per share final dividend early next month on 4 April.

    The post Why Camplify, Platinum, Rio Tinto, and Woodside shares are dropping today appeared first on The Motley Fool Australia.

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

    See The 5 Stocks
    *Returns as of 1 February 2024

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    Motley Fool contributor James Mickleboro has positions in Woodside Energy Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Camplify. The Motley Fool Australia has recommended Camplify. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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