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Philip_AU Private ID: 152339302
DYOR and DD always.
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    Survey Insights: 📊
    The latest Edelman Trust Barometer, marking its 20th anniversary, has revealed a sobering trend – a growing sentiment of inequality is eroding trust not just in societal institutions but also in capitalism itself. A notable finding is that many, especially in developed markets, no longer hold the belief that working hard guarantees a better life.
    Despite economic progress, a significant portion of respondents don't foresee an imp...
    🤔 Are Australians Losing Faith in Hard Work? 💼💸
    🤔 Are Australians Losing Faith in Hard Work? 💼💸
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    Although price/book ratios for resources stocks are normally pretty low.
    It is a common metric for banks though and you can see in a comparison with some domestic and international peers that is out of whack.
    PE/Forward PE is hard for resources in these tools because one-offs and resource price cycles can throw ratios out of whack.
    Point is that $CommBank (CBA.AU)$ has a huge premium assuming the most optimism.
    $Woodside Energy Group Ltd (WDS.AU)$ has growth plans coming on in the coming years...
    $BHP Group Ltd (BHP.AU)$ and mineral companies did (heavy media advertising) this during the Gillard era.
    The labor government will be voted out next election so it would be a waste of shareholder money to start an advertising blitz, anyone who has done manual labour knows that the Labor Government does NOT represent them. Arguably Bob Hawke was the last Prime Minister who represented the average worker.
    $BHP Group Ltd (BHP.AU)$ Goldman released some research on Escondida that showed it’s unionised workforce were paid over double the standard Chile Miners in the sector.
    I guess the large fix costs associated with a larger mine with high margins gets the extortion through. I suspect you’ll see more and more automation because of it.
    I'm not that impressed by the CPI data out in Australia. It's directionally ok, with "trimmed mean" down to about 0.8% QoQ.
    The MoM data is also out, and it's not that impressive.
    I don't think it quite warrants a hike, but I also don't think inflation is solved yet.
    But with retail sales collapsing, it's pretty obvs that all this inflation is being created by excessive govt spending.
    Govt needs a holistic approach to this nonsense - which would be to
    1. Cut rates
    2. Reduce govt spending A LO...
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    Oh my goodness, I'm on the edge of my seat here, watching the Commonwealth Bank of Australia ( $CommBank (CBA.AU)$ ) shares like a hawk! 🦅 My heart is racing as I see them shine brighter than ever before! ✨
    Just imagine, for the very first time, the ASX 200 is flaunting that prestigious '8' and CBA is leading the charge! 🏁 It's like a dream come true for all the CBA believers out there!
    Over the past week, I've been in awe as CBA has smashed through one record after...
    Wow, today's a milestone day! 🎉
    $Cannon Resources Ltd (CNR.AU)$ is building a “spur” (very short branch line) to connect $BHP ‘s new potash mine to its network.
    Investing in CN is a low-risk way of getting exposure to the potash industry! $BHP Group Ltd (BHP.AU)$ ’s Jansen mine is expected to boost 🇨🇦’s potash output by over 20% !!!!!!!!!!!
    Fun fact!
    🎉🎉 Aussie tax brackets got a fresh new look! 👀 It's the "Stage Three Tax Cuts" in action, and it's a win for over 13.6 million of us! 🎊
    Your next paycheck is about to get a little juicier, folks! 💸 But don't expect a tax refund surprise this year – it's all about your future earnings. 💼
    Wanna know exactly how much extra cash you'll be stashing? 💰 Just slide into that handy calculator! ✨
    Here are the new tax brackets at a glance:
    Earn up to $18,200 — pay no tax
    Pay a 16...
    New Australian tax brackets
    Just done my calculation today, Earned 60k and paid around 11k tax and I’m expecting a whopping $190 return ! Wowzers Love to hear everyone else’s returns
    🚨 Macquarie's FOMO Meter 🧐
    "With the FOMO Meter >1, equity market sentiment is likely too positive and there is a risk of a correction as forward returns from such points are below average."
    $S&P/ASX 200 (.XJO.AU)$ $CommBank (CBA.AU)$ $ANZ Group Holdings Ltd (ANZ.AU)$
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