Latest News from Newealth

31 May 2024

Friday Tidbit

Today the AFR (Australian Financial Review) published the Rich List 2024 and Gina Rinehart takes first place with $40.61 billion.

For business it is all about growing EPS (earnings per share) which is a measure of a company’s profitability and calculated by dividing a company’s net income by its number of shares outstanding.

And as investors we want business EPS to grow.

Attached is Mr Markets consensus expectation for Australian EPS growth over the next 12 months.

Click for chart.

As Benjamin Graham taught, there is nothing that you or I can ever do about economic cycles which is why remaining invested according to your appetite for volatility is key and when panic takes hold, react by buying more quality assets at discounted prices.

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At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.

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